Bitbuy Review

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.

Bitbuy 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.

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)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Credit Card

Cryptocurrencies: 25+

Bitbuy Pros

  • Regulated and transparent
  • Express trade
  • Pro trade

Bitbuy Cons

  • Lots of KYC questions
  • Low liquidity
  • High deposit fees
  • No stop-loss orders

Get $20 Bitbuy Sign Up Bonus →