Bitbuy Review 2025: Best Crypto Exchange for Canadians?

Bitbuy Review 2025: Best Crypto Exchange for Canadians?

Many crypto currency exchanges pay $5 to $10 in free crypto for opening and funding a new account. A $40 bonus for both users is certainly higher than most crypto exchanges, so this is one nice perk of trying out Bitbuy. Bitbuy is a Canadian cryptocurrency exchange that began in 2016.

Pro Trade

This, coupled with SSL encryption, means you won’t risk your crypto coins or personal information while trading at Bitbuy. By contacting the OTC desk, you’ll be matched with a dedicated account manager and reap various benefits of the platform. This includes instant quotes, trading with 100+ cryptocurrencies at the best rates, and even early access to upcoming features on the platform. The company’s customer support can assist you at any point in this process. They’ll also contact you within two business days to confirm your account registration. Bitbuy is a Canadian cryptocurrency trading platform launched in 2016 by Adam Goldman.

Crypto Exchanges

It’s crucial to understand and recognize market behaviour and price action around support and resistance zones. These zones form on all timeframes and are one of the most recognizable setups due to the market’s natural behaviour to retest key levels. In this section, we’ll explore the various types of trend pullback trades and provide you with risk management and profit taking strategies to help capitalize on them. Depending on the timeframe you’re trading and the relative bitbuy canada review volatility of the trading pair, price swings can differ drastically.

In this review, we will look at Bitbuy, a popular Canada-based cryptocurrency exchange. Specifically, we will consider what the platform offers its users, how much it costs to use it, its approach to security, and customer support. In addition, a detailed step-by-step tutorial on how to sign up for the service is provided. I was told that my account is ineligible to use the platform for trading. I thought hm, that’s weird but then i tried to withdraw my funds back to my bank account, i can easily use another platform.

Best Crypto Sign Up Offer ($50 Bonus)

Both Newton and Bitbuy offer a wide range of digital coins to trade, as well as other crypto-related services. NDAX is one of the most easy-to-use cryptocurrency exchanges in Canada that was launched in 2017. They offer a large number of trading pairs and competitive fees. Bitbuy charges a 0% to 2% fee for all trades on the platform. This is a standard fee for most cryptocurrency exchanges and is not high by any means.

• It also supports the major altcoins and provides top-notch security measures, with advanced 2FA and a 99% cold storage security policy.
• OTC, or over-the-counter, transactions are private deals that are not registered on a public order book.
• If orders are getting filled as usual and the order flow remains steady, you can start to add small size, set your stop loss and wait for a rejection to occur before pulling the trigger.
• Bitbuy supports trading on over 57 cryptocurrencies on their platform.
• It also conducts frequent financial audits fully regulated as an MBS by FINTRAC.

Be prepared to provide government-issued photo ID, a selfie, proof of residence, and proof of income. It displays interactive charts with candlesticks and volumes. You can look at data in specific time frames and through particular indicators. There are many customizable charting indicators available, though not as many compared to Coinbase or Kraken. You can build your portfolio and maintain a target allocation. Passiv’s “buy-only” feature allows you to identify the underweight crypto asset in your portfolio or “enable selling” to conduct a full rebalance.

Which cryptocurrency exchange is best for beginners?

Due to the platform’s support system, Bitbuy offers easy access to support. Should any problems arise with a user’s account, they can anticipate quick resolution (typically within 24 hours). This commitment to swift and reliable assistance reflects Bitbuy’s excellent customer service.

• Bitbuy offers different payment methods including wire transfers and Interac e-Transfers.
• Although it’s designed for smaller screens, it’s as feature-rich as the desktop version and lets you trade cryptos with the push of a button.
• All things considered, it’s for you to decide whether Bitbuy crypto exchange is exactly what you’re looking for.
• BitGo is one of the largest crypto custodians with over $64 billion USD in assets under custody.
• My only complaint is that the fee is disclosed in units of BTC, which is annoying if you’re not familiar the CAD conversion.

The fees vary for different coins if you want to withdraw cryptocurrency from Bitbuy. Although they do not offer telephone support, you can reach Bitbuy’s customer service support via email, support page, and social media like Twitter and Reddit. All in all, Bitbuy really deserves the title of Canada’s leading crypto trading platform. Bitbuy offers a referral program where, for each friend you refer to the platform, you both get $20 after your referred friend makes a $250 deposit. It’s available through the Google Play Store and the Apple App Store.

Bitbuy’s Over-the-Counter (OTC) trading service ensures that large-scale transactions are conducted securely with personalized care while exempting large trades from fees. Bitbuy offers staking services, allowing traders to expand their cryptocurrency investments and bypassing the intricacies of configuring individual nodes. It is explicitly geared towards wealthy clients and institutions.

Bitbuy stands out among many exchanges with its varied services and dependability. Overall, Bitbuy’s customer support is highly regarded; however, there are some reports of delayed services. Still, the exchange is committed to improving its services and helping its users manage their digital assets efficiently. Canada still has an unfortunate lack of cryptocurrency exchanges and investing options that just cater to Canadians. Ultimately, this means many Canadian investors end up using international exchanges to buy and sell crypto. However, this nice-to-have feature is another reason Bitbuy is one of the best Canadian cryptocurrency exchanges out there.

Kraken Pro is fully regulated in Canada and offers 250+ cryptos, professional trading, and high liquidity. Bitbuy introduced staking for Ethereum (ETH), Polygon (MATIC), Solana (SOL), Cardano (ADA), and Polkadot (DOT), and more allowing you to earn up to 11.23% APY. Keep in mind, Bitbuy takes a ~25% commission on your staking rewards. For most coins, users can unstake at any moment and rewards are automatically deposited every 2-3 days (dependent on the asset). On the log in page, you will see your portfolio value on the top with quick buttons to buy, sell, deposit or withdraw funds. Below, you can click on any of the cryptocurrencies and it will take you to the Express Trade.