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.
- 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
- Regulated and transparent
- Express trade
- Pro trade
- Lots of KYC questions
- Low liquidity
- High deposit fees
- No stop-loss orders