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. Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Knowledgeable crypto enthusiasts that trade at a higher frequency or volume mostly automate their operations using an API. After this initial setup, you will be asked to provide additional information, such as your name, phone number, and date of birth. All you have to do is visit the Bitbuy website and click on the “Get started” button in the top-right corner.
- It has lots of name recognition among cryptocurrency beginners and experts.
- It is an easy way for beginners to buy one of 17 different cryptocurrencies, with an Express Trade function, and for more advanced users, the Pro Trade feature includes advanced charts by TradingView.
- The site allows you to earn a passive income by buying a stake in some crypto.
- This, coupled with SSL encryption, means you won’t risk your crypto coins or personal information while trading at Bitbuy.
- The platform also provides detailed FAQs and knowledge base resources for fast self-service solutions.
Download full list of cryptocurrencies Bitbuy supports
However, fees can be reduced if you’re a high-volume trader, with reduced bitbuy canada review fees for both Makers and Takers based on trading volume. This allows professional traders to lower costs and optimize their profits on Bitbuy. For the “Express Trade” account, each transaction costs 1.50%, whether you are buying or selling cryptocurrencies. For the “Pro Trade” account, fees are also 1.50% for both Makers and Takers.
Does Bitbuy provide insurance or proof-of-reserve for customer funds?
If you have any questions or issues with your account, you can submit an online contact form or send an email to for assistance. It is subject to regulations and licenses to ensure its security and legitimacy in the market. Bitbuy’s network security is comparable to a virtual safe for cryptocurrencies. The platform utilizes web servers from reputable service providers that comply with ISO, SOC, and FIPS standards.
Bitbuy Pro Trade is an advanced trading platform offering features comparable to Binance. Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication. 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 Crypto does not provide financial advice nor does it take into account your personal financial situation.
Staking Rewards
It operates on the Ethereum blockchain as an ERC-20 token and offers accessibility with its low price per token and abundant supply. There are many ways to trace Bitcoin transactions, including combing through the blockchain, the cryptocurrency's historical ledge of all transactions that can be viewed at all times by anyone. This consists of an intricate process that requires enormous energy and computing power, involving a computer to solve a mathematical problem with a 64-digit answer. Yes, it is perfectly legal to purchase Bitcoin in most parts of the world. Although most jurisdictions do not treat the virtual token as legal tender, you can still legally buy, sell, trade, and spend Bitcoin. It is generally viewed as a commodity that can be utilized to pay for goods and services.
Security and Privacy
However, there is no way to set up multi-screen charting, which we're beginning to see implemented more commonly in exchanges we've reviewed. 95% cold storage, mandatory 2FA, routine security audits, insured BTC cold storage. Yes, Bitbuy operates a referral program where both you and your referred friend can receive a bonus after completing qualifying actions, such as account verification and an initial trade.
Bitbuy wallet
Furthermore, its parent companies, First Ledger Corp. and WonderFi are well-established entities that enhance Bitbuy’s credibility. In other words, the Wealthsimple app is a one-stop app for all your investing needs in Canada. The next step is to fill out your profile information by giving your name, address, date of birth and citizenship then create your account. We emphasize that our compensation never affects our editorial integrity. Any claims, statistics, or general information should be verified with the respective providers. For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure.
The Trustpilot Experience
Bitbuy applies clear and competitive trading fees for crypto transactions. Buy/sell fees are fixed, with minimal spread markups on major coins, and there are no overnight or hidden custody fees. Crypto withdrawals are subject to network charges only, with no extra platform premiums. To minimize costs on Bitbuy, consider using the Pro platform for larger trades to benefit from lower maker/taker fees, and plan fiat withdrawals to minimize frequency-based charges.
There is no deposit fee on Bitbuy be it Interac e-transfer deposit, crypto deposit and wire transfer deposit. Bitbuy’s mission is to help ordinary people invest in digital assets without having to go through the hassle of complicated procedures. Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape. This process is in accordance with Know Your Customer (KYC) regulations and anti-money laundering (AML) requirements. By safeguarding most user assets offline, Bitbuy shields them from cyber threats and increases the security of its clients’ investments.
Bitbuy is a Toronto-based cryptocurrency exchange that began in 2016. And the acquisition finalized a few months later in March.With regulation under wraps and an exciting acquisition complete, Bitbuy is establishing itself as one of the best exchanges in Canada. According to its website, Bitbuy has over 450,000 users and has seen over $4 billion in crypto flow through its platform. Bitbuy is also an ideal option for users looking to purchase cryptocurrencies safely and securely.
- That being said, the platform provides excellent insight into the movements in the crypto sphere, as you can monitor the Canadian crypto market for free without needing to log into your account.
- To apply for it, you need to send a request for API and, once approved, you’ll be able to set up CAD-to-crypto and crypto-to-crypto pairings and fully automate your trading routine.
- Newton is another popular and low-cost Canadian cryptocurrency trading platform.
- Furthermore, Bitbuy offers a variety of deposit methods to allow users to start trading quickly and easily.
Sign-up involves email and phone verification, followed by KYC using Canadian-issued ID (e.g., driver’s license or passport) and a proof of address. While Maker / Taker fees for spot trading are 0.50% / 0.50%, OTC trading incurs spread markups ranging from 0.50% to 1.85%. Upon verification, your Bitbuy account will be ready for trading and funding.