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Written By: Craig Leontowicz | Updated: April 18, 2023
Bitbuy referral promo: Receive $20 when you make a $250 or more deposit on Bitbuy – one of Canada’s safest crypto exchanges. Bitbuy Referral Code: CIMG5JQZQM
Or sign up with this link to get the promo bonus: https://bitbuy.ca/en/sign-up/?c=CIMG5JQZQM
🎁 Bitbuy Referral Code: CIMG5JQZQM
Use this code and get $20 sign-up bonus! (GET CODE)
⚡ How to Buy Bitcoin on Bitbuy
- Sign up to Bitbuy
- Verify your account
- Make a deposit (Interac e-Transfer is easiest)
- Click > Express Trade to convert your $ CAD to ฿ BTC
- ‘Send‘ Bitcoin from Bitbuy to your wallet ‘Recieve‘ address
Read the guide for beginners: How to Buy Bitcoin in Canada Tutorial →
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its Bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
Blockchain Intelligence Group completed a 2021 Proof of Reserves report and verified that Bitbuy exceeded 95% cold storage mandate. Overall crypto funds in Bitbuy cold storage were 98.12%.
The desktop and app are both easy to use. Great overall exchange to use.
Bitbuy has been reducing some of its fees over the last year.
Features
- Beginners can easily buy/sell with ‘Express Trade’
- Pro Trade – full-featured trading desk for advanced traders
- 25+ altcoins
- Bitbuy Private Wealth (OTC)
Bitbuy Fees
- Interac e-Transfer Deposit: $0
- Wire Transfer Deposit: $0
- Interac e-Transfer Withdrawals: 1.5%
- Wire Transfer Withdrawals: 1.5%
- Spread: 0% – 1.5%
- Crypto withdrawal: 0.00025 BTC (~$10)
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Credit Card
Cryptocurrencies: 25+
Bitbuy Pros
- Regulated and transparent
- Express trade
- Pro trade
- Staking
Bitbuy Cons
- Lots of KYC questions
- Low liquidity
- High deposit fees
- No stop-loss orders
Bitbuy is Recommended For
Bitbuy is a safe, legitimate Canadian crypto exchange. I have no complaints.
Easy to use crypto exchange for beginners looking to make their first purchase.
Responsive and helpful customer support that has served over 400,000 Canadian customers.
💰 Compare Exchange Fees & Referral Bonuses
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | ||
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
0 - 2.5% | $0 | $0 | 37+ | ||
~0.2% | Fiat: 1% | Fiat: 0 - 1.5% | 16+ | ||
0.5 - 2.5% | Fiat: $0 | $0 | 67+ | ||
0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | ||
~1.5 - 2% | $0 | $0 | 49+ | ||
~0.4% | Crypto:~$13 | $0 | 100+ | ||
0.6% | $0 | $0 | 7 stablecoins | n/a | |
0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a | |
1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a | |
0.21% | Variable | $0 | 1 | n/a |
🔥 How to Earn $20 Referral Bonus at Bitbuy
Click Profile > Settings
Scroll down and you will be able to see your Bitbuy referral code (CIMG5JQZQM) that you can share with your friend. You’ll each receive $20 when your friend makes a $250 or more deposit. That’s $40 in free money to buy more crypto.
Related
HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
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