Bitbuy Review: Features, Pros & Cons, & Pricing

Bitbuy Review: Features, Pros & Cons, & Pricing

bitbuy review

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.

  • Newton offers low fees and a fast and easy account setup process, making it a great choice for novice traders.
  • Bitbuy offers wallet services to help store your cryptocurrency coins.
  • Open your online banking app and initiate the Interac e-Transfer.
  • Gunjan is a freelance writer and actively focusing on writing content related to blockchain technology and cryptocurrencies.
  • For Canadian cryptocurrency investors, it’s often difficult to invest with international exchanges.
  • Bitbuy is approved by the Ontario Securities (OSC) and the Canadian Securities Administrators (CSA) and is Canada’s first registered marketplace and crypto brokerage.

What is the Bitbuy app?

If you want to buy bitcoin, ether and other cryptocurrencies, Bitbuy is one of the most secure and easy-to-use platforms around. They are a licensed, regulated and insured cryptocurrency exchange based in Canada. You can use Interac and Bank wire transfer to fund your accounts.

Express trade

It ensures the protection of personal information under its control. What makes Bitbuy so great is that it makes life easy for newbies and pros alike. If you are a crypto newcomer, you can grow with Bitbuy; there’s no need to “graduate” to a different exchange as you become a more sophisticated trader. Our Website may link to external sites or content not controlled by us. Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities. Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on bitbuy review cryptocurrency, NFTs, and the evolving digital landscape.

Cryptocurrencies supported

Today, we’ll focus on Bitbuy review and evaluate the platform based on all the aspects that matter the most. Newton is another popular and low-cost Canadian cryptocurrency trading platform. Both Newton and Bitbuy offer a wide range of digital coins to trade, as well as other crypto-related services. This is a standard fee for most cryptocurrency exchanges and is not high by any means. The “Express Trade” platform is designed for beginners who want to place a single trade via their mobile or desktop computer.

Bitbuy Feature

  • Moreover, this feature doesn’t confuse the users with any additional and unrequired tools.
  • We’ll take a look at the security measurements, supported cryptocurrencies, functionality, fiat money support, digital wallet, and even more.
  • The platform clearly states the percentage of digital coins kept offline which is 99%.
  • You also get a more comprehensive dashboard rather than just a quote screen.
  • However, it is primarily an exchange service rather than a standalone crypto wallet.
  • Cryptocurrency will be one of the main medium exchanges in the future.

While you won’t find hundreds of cryptocurrencies on Bitbuy, you will find most of the popular ones. Users simply fund their account with CAD, then use it to buy their preferred cryptocurrencies. Bitbuy takes security seriously, which is why it integrates several protective measures into its app.

bitbuy review

Bitbuy Fiat Withdrawal Fees

Based on a variety of Bitbuy reviews, this shouldn’t cause any issues. Yes, Bitbuy is one of the most secure and reliable cryptocurrency exchanges in Canada. Of all the crypto exchanges we have seen and reviewed, Bitbuy is a bit different. This exchange is focussed on doing what they are best at rather than providing all the crypto services with moderate quality. Below are a few of things that make Bitbuy an exchange to consider.

Safety & Security

For serious crypto traders, you can email email protected to inquire about API access. Getting Bitbuy’s API lets you automate your trading, which is necessary if you’re an algorithmic trader or are building any sort of trading bot. This is much less selection than leading exchanges like Coinbase and Binance offer. However, it’s more than enough for Canadian investors to diversify their portfolios with popular cryptos. For example, while Venmo and Cash App do support instant transfers, both charge a fee for them.

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