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For example, if you’re more interested in trading alternative currencies, you might want to check out Coinsquare. As always, I recommend that you take the time to do the proper research to make the most informed decision. However, it does offer both Canadian dollar and cryptocurrency wallets as part of its services. You can deposit your money directly and view the balance through your Bitbuy account. But it is not a standalone wallet that you can link with other trading platforms.
You can also use a card via a third-party provider but there is a standard fee set at 6.25%. Bitbuy’s fees used to be some of the cheapest of any crypto exchange at 0.2%. However, they have recently changed their fee structure. Now, there are no deposit fees and they have implemented a tiered trading fee structure based on your trading volume over the last 90-day period.
We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Companies https://broker-review.org/ can ask for reviews via automatic invitations. Samar was amazing in helping me recover my semi-lost coins due to an error on my part.
I have been using this company and have…
With a variety of pairings and a solid local presence, Bitbuy can be your go-to crypto exchange. Bitbuy does not support funding by credit card – similar to other Canadian platforms including Shakepay and Newton. That’s probably because most Canadian banks like RBC do not allow crypto transactions. Bitbuy charges lower trading fees compared to rival platforms. There is a 0.10% maker fee and 0.20% taker fee on the Pro Trade platform.
Coinbase stores 98% of user assets in highly supervised and guarded cold storage, making them inaccessible to malicious parties. Furthermore, these assets are covered by an extensive insurance policy in case something unpredictable occurs. The exchange supports a limited number of cryptocurrencies, but all the major projects that should interest you are available. Bitcoin, Ethereum, Litecoin, Dogecoin, Polkadot, and Cardano are just some cryptocurrency projects that you can find on CoinSmart’s platform. Now that you’ve seen our top picks for exchanges in Canada, let’s take a closer look at each one to help you decide which one is right for you. We will evaluate them based on the cryptocurrencies they support, transaction fees, payment methods, and ease of use.
If you are withdrawing via Bank Wire, a Bitbuy representative will contact you for your banking details after your withdrawal request has been made. When you sign up through the link below you’ll get $40 free when you deposit $250. In this article, we will provide you with a detailed introduction to Bitbuy, including information about rates, and a breakdown of the Bitbuy pros and cons. I personally sent a support ticket to the team and had a reply in my email within minutes.
CAD/USD0.7345+0.0068(+0.93%)
This is why we decided to publish this in depth Bitbuy review, so you can decide if the platform is worth getting started with cryptocurrency. In our opinion, this is one of the best crypto trading platforms in the country. Express Trade is the easiest way to get trading with Bitbuy.
FeatureBitbuyCoinbaseOrder Book TransparencyMarket orders are transparent so that traders can make better trading decisions. As we end this Bitbuy review, here’s what you should remember about this crypto exchange. Bitbuy is one of Canada’s leading and most secure crypto trading platforms. It is designed exclusively for Canadians and offers a competitive fee structure.
There are plenty of wallets out there that support these coins. On holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform. The Bitbuy API allows for the introduction of simple code commands bitbuy canada review to the exchange. Users can utilise this technology to automate their trading activity. Iain has been involved in cryptocurrency since the end of 2020. He completed a study on Bitcoin, blockchain technology and cryptocurrencies at Dalhousie in 2021.
The platform is best for both crypto-to-crypto and peer-to-peer trading. It offers a vast array of advanced features but has a steep learning curve. Experienced traders may appreciate the platform’s variety, but it is too confusing for beginners. Bitbuy also offers a fully-featured mobile application for its users. The app has received great reviews from customers and provides an easy way to check the status of its cryptos.
Once your funds are added, you’re free to choose your preferred cryptocurrency and start trading. To create a Bitbuy account find the account set-up option on the Bitbuy website or app. You’ll need to enter certain details like your name, email and phone number.
BitBuy VS Coinbase
It is protected by two-factor authentication and runs multiple encrypted and distributed backups daily. Bitbuy makes sure that its platform is guarded against hackers and illegal trading activities. At least 95% of their users’ crypto assets are held offline. The company is also registered as a Money Services Business with FINTRAC.
- Every transaction you make is encrypted using Secure Socket Layer technology with two-factor authentication solutions implemented throughout.
- He completed a study on Bitcoin, blockchain technology and cryptocurrencies at Dalhousie in 2021.
- There is a minimum limit of C$100 and a maximum limit of C$10,000.
- Passionate about personal finance and financial technology, Arthur Dubois is a writer and SEO specialist at Hardbacon.
It is also registered as a marketplace with OSC approval. Specially designed for Canadians, regulated and insured, Bitbuy offers you peace of mind. Both platforms are secured, but only Bitbuy is regulated and licensed by FINTRAC, as KuCoin is not licensed or regulated. Crypto.com also has its own Visa card, which you can use to pay with crypto directly, earn CRO rewards, and enjoy many other benefits. The exchange also has a mobile app for iOS and Android smartphones. Bitbuy has great mobile applications for both iOS and Android, and also has an API if you want to integrate it with your software.
Bitbuy’s trading fee for instant cryptocurrency trades using CAD is 0.2%. Bitbuy has a friendly platform for first-time traders and a more advanced platform for experienced crypto investors. Deposits and withdrawals using Interac e-Transfer have a fee of 1.5% and a processing time of 30 minutes to 24 hours. The minimum amount you can deposit or withdraw using this method is $50 $100.
Lastly, enter the destination address of the wallet to which the funds will go, enter the amount and click on Withdraw Request. BitBuy offers some of the lowest fees in the cryptocurrency exchange market. The deal allows the Vancouver company to gain access to Bitbuy’s roster of more than 375,000 Canadian clients who buy and sell 16 different cryptocurrencies. The exchange has processed $4.4-billion in transactions since 2018.
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Each time someone new joins the platform with your referral code, you get access to a $20 bonus amount. However, for you and your referral to qualify for the bonus, you should add $250 to your Bitbuy wallet. You need to send a withdrawal request and then paste the receiving address.
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Furthermore, Bitbuy is a FINTRAC registered business, and the assets of its users are covered by an insurance policy. Bitbuy is one of the most popular cryptocurrency trading platforms here in Canada. Bitbuy is one of the most popular cryptocurrency trading platforms here in Canada, and for good reason. If you need help, you can reach them by email or by phone.
I had lost hope as my search for answers online assured me my money was lost forever. To lodge a support request or ask a question, you can use the “Submit a request” button within the support section of Bitbuy’s site. Bitbuy also offer live chat support and quick response times via telephone and email.
