This feature is created for big trades ($50,000 in CAD or equivalent BTC or ETH). It allows you to work directly with one of Bitbuy’s experienced traders. If you’re into buying, selling and storing cryptocurrencies, one of the things that you should consider is the number of supported cryptocurrencies that the platform offers. While there’s a variety of different factors that you need to take into account when choosing a cryptocurrency exchange platform, one of them is considered to be the most important one.

Information provided by various external sources

• Bitbuy is a cryptocurrency exchange that allows users to buy, sell, and trade the most popular cryptocurrencies.
• While there’s a variety of different factors that you need to take into account when choosing a cryptocurrency exchange platform, one of them is considered to be the most important one.
• Hi Marv, I see that we emailed you back to help troubleshoot the issue!
• Although the platform lists a 1.50% trading fee for low-volume users, I ended up receiving $99.80 worth of Bitcoin for my $100 deposit, meaning I paid a much smaller fee of about 0.20% or roughly 20 cents.

Bitbuy offers two ways to deposit Canadian dollars; bank wire transfer and Interac e-Transfer. While withdrawals will incur a 1.5% fee, no depositing costs exist. While there are cheaper options, such as Kraken, for smaller amounts, the withdrawal fees on Bitbuy can be more affordable than the local exchange NDAX, which charges a flat CAD 25 fee based on our review. Bitbuy is designed for novice and advanced traders, with products and services for everyone. For example, beginners can use the Express Trade feature, a fast, simple, and easy way to purchase digital currencies. In contrast, the Bitbuy Pro Trade Platform caters to customers who want to perform analysis and trade crypto more seriously.

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For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for educational purposes only. Hedge with bitbuy canada review Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries. Express Trade is the easiest way to get trading with Bitbuy.

What Services does Bitbuy offer?

In fact, ApeCoin and Pepe Coin are hard to find on other majpr exchanges in Canada, so I was happy to see them listed on Bitbuy. Tried logging on from my phone and was asked to ‘validate my device’ and when I tried I received this ‘there was an error validating your device’. I use to love this platform but have zero confidence in this company now. I have been told their site is down for withdrawals but I checked the status on their website and it shows that there are no problems. I need answers since I am seeing many have had this problem and now very concerned. An API allows developers to gather information from Bitbuy’s servers as well as send automated commands to the exchange.

So although Bitbuy seems to be working to develop its staking service, as it stands, there are better options for Canadian investors. Below that provide your phone number and create a unique username and password. Only a North American number starting with the country code +1 can be used to sign up for the service. A verification code will be sent to this number so ensure that it is accessible to you when creating the account.

Fee Structure Breakdown

For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure. James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency. Bitbuy solidifies its trustworthiness through transparent operations. The exchange conducts a Proof of Reserves Audit and discloses its fee system openly.

Bitbuy Trading Fees

Now that you know when and where the company was founded, it’s time to move to the actual Bitbuy review and find out more about the platform’s pros and cons. 2) Zero deposit fees means that you can get started straight away, without losing money just to deposit funds into the platform. Bitbuy previously charged to deposit, but they have waived that fee now. 1) Express Trade feature makes it extremely easy to buy and sell 17 different cryptocurrencies using Canadian Dollars, even for beginners. Staking, DeFi staking, and lending services are increasingly important for crypto investors seeking passive income and portfolio optimization.

The more liquid a crypto exchange is, the less likely there will be unexpectedly high transaction costs. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Highly deceptive , The overall process with pay is not impressive and not in the same class with SPACE BANK . They stole $300 from me and will not refund my money unless I send them $700.

• Buy/sell fees are fixed, with minimal spread markups on major coins, and there are no overnight or hidden custody fees.
• Bitbuy has a well-organized support page on its website, where you can find guides and answers to common queries about topics like account verification and deposit methods.
• While most companies, for example, Binance, ByBit, and KuCoin, offer charting tools provided by TradingView, Bitbuy customers can only execute simple swap orders.
• Bitbuy continues to operate as a separate crypto trading platform despite the changes in ownership.

Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service. 95% of all user funds are kept in cold wallets, which ensure protection from any cyber-attacks.

Bitbuy is a Toronto-based cryptocurrency exchange that launched almost a decade ago in 2013. Initially, the platform was called Instabit, offering crypto enthusiasts a quick and easy way to purchase Bitcoin. When you trade over-the-counter, you’re dealing directly with a seller or broker to buy or sell securities. OTC trading exists for regular stocks and commodities, and with companies like Bitbuy, you can also OTC trade crypto.The main reason to use OTC trading is to lock in a price and to avoid market volatility. To qualify, you need a minimum of $50,000 CAD trades for Bitcoin and Ethereum and $20,000 CAD for any other coin. But if this is you, it’s worth contacting Bitbuy’s OTC desk to arrange a quick meeting and your enrollment in its OTC service.

All these traits position Bitbuy as a favored option among Canadian traders. 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. As a standout Canadian crypto exchange, Bitbuy’s core services demonstrate its commitment to accommodating the different needs of cryptocurrency users. Adam Goldman, a trailblazer within Canada’s cryptocurrency space, was the mastermind behind this vision and remains at the helm of the Bitbuy team today. As always, he is dedicated to providing a secure and user-friendly platform for digital currency exchange.

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