This bonus amount is more than double that of any other website. When dealing with a trading platform, you need to check the company’s legitimacy. This section of the Bitbuy review will discuss whether the platform is safe for trading cryptocurrencies. All the cryptocurrencies stored in BitGo are covered under a comprehensive insurance policy.

Whether you’re new to crypto or an experienced investor, Bitbuy has you covered with its Express and Pro platforms. To our understanding, Bitbuy has never been hacked to date. It is amongst the most secure cryptocurrency platforms in the industry.

BitBuy: Canada’s Best Crypto Exchange?

As is customary in the industry, the regulated Canadian trading exchange keeps its clients’ cryptocurrencies, i.e. private keys, in cold storage. Over 99% of the traded coins are securely stored offline, making them inaccessible to hackers. The BitBuy company was founded in 2016 and therefore has several years of experience in the field of crypto trading and related security measures. At the present time, the company can already look back on a total trading turnover of over 4 billion US dollars. Currently, the company has just over 350,000 Canadian customers. More transparency and scrutiny of their operations by regulators.

2 Products with instant approval have a provisional decision within 60 seconds. The credit provider’s final decision is made at their discretion, subject to decisioning criteria. If you are considering your options, find out what it has to offer in our detailed review. Be the first to hear about the best offers, promo codes and latest news. If you are withdrawing via Bank Wire, a Bitbuy representative will contact you for your banking details after your withdrawal request has been made. 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.

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The page displays the total balance and the available balance in your wallet. And this page displays an estimate of the Canadian dollar balance for the crypto wallet. If you want to put CAD directly into your account via Interac e-Transfer or a bank transfer, there are Canadian-based crypto exchanges that can make this happen. Even so, Bybit is designed for more seasoned traders who have the experience and the know-how to take advantage of the platform’s more advanced trading options.

Bitbuy’s customer service reputation is excellent, with a consistently quick response time and knowledgeable staff. There is no shortage of cryptocurrency exchanges to pick from as a Canadian. Bitbuy, which tailors its entire experience to the Canadian user, is one of the most established in the market. HelloSafe.ca offers site visitors information on insurance and personal finance products in compliance with applicable laws.

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However, as it was a general question about their coins, the response was most likely an auto-generated reply. Unfortunately, Bitbuy does not offer staking, crypto cards, or any additional features you might see elsewhere. Bitbuy’s focus, for now, is offering their users the best trading experience. Competitive low trading fees for crypto and free deposits.

Namely, Avalanche, Binance USD and BNB, which are in the top 20 cryptos by market cap. In total, 7 of the top 20 cryptos are available on Bitbuy. To date, Bitbuy has operated as a Canadian cryptocurrency exchange, only catering to Canadian citizens or residents and only accepting Canadian dollars. Bitbuy is a Canadian cryptocurrency exchange that was founded in 2016 and is based out of Toronto, ON. Because the exchange takes compliance seriously, it’s a highly secure and reliable option for all levels of traders. Hi Gisele, I’m truly sorry to hear about this experience.

Registered crypto asset trading platforms

Pro Trade is more user friendly and has more tools than Coinbase Pro or Newton Pro Beta. Bitbuy offers plenty of options for investors and traders. You can make Canadian dollar withdrawals through Interac e-Transfer, wire transfer or Electronic Bank Transfer.

Since Bitbuy is exclusively available for Canadians, you should have a number registered in Canada. Once done, enter all the required personal information and set up the two-factor authentication. It handles the detection, prevention, and deterrence of money https://forex-reviews.org/bitfinex/ laundering and other illegal trading activities. The regulatory body also ensures that all the registered companies keep their customer personal data secure. Finally, the execution – this time, there are no nitpicks, the execution speed is pretty fast.

Bitbuy currencies deposit fees:

Bitbuy has been designed for both beginner and advanced users. The platform has a sleek and easy-to-understand interface, making it user-friendly for novices. Bitbuy offers a desktop and a mobile application as well. Bitbuy also employs multiple security measures to keep you money safe. Bitbuy is one of Canada’s more popular cryptocurrency exchanges. It was founded in Toronto in 2013, and was formally called InstaBT.

• With Bitbuy, you can create a new account within seconds.
• But there are other platforms that support much more, like Binance which supports 350+ cryptocurrencies and Coinbase that supports 40+.
• Founded in 2013 as InstaBT, the company decided to rebrand as Bitbuy three years later.
• You have to go to the Pro Trade page, click on List and choose a crypto-crypto or crypto-Canadian dollar pairing.

The trading fees on Bitbuy range from 0% to 1.5%, depending on your total trading volume over the last 90 days. Most retail traders will pay 1.50% since they will be trading less than $250,000 worth of cryptocurrency. If you’re an experienced trader who likes to study the market, the platform also offers additional features.

How Safe and Legitimate is Bitbuy?

This protects the platform from any illegal scams and prevents unlawful funding. They may not have much of a selection, but what they have is intuitive, easy to use and executed without much toil. But there are also issues like the excessive commissions and slow verification of everything that may need verification. It applies especially to the mobile version, because you can do all your daily trading routine in just a few clicks. Moreover, they give you a rough idea of how much you’ll have to pay.