Bitbuy is arguably the easiest and most secure cryptocurrency exchange in Canada. This review provides all of the features and ways to buy crypto with Bitbuy.
Focus on security.
Trading options for all levels.
Excellent customer service.
Bitbuy was founded in 2016 by Adam Goldman who studied political science and later became a full stack developer. Goldman is the cofounder of InstaBT where users could buy Bitcoin with their debit cards through INTERAC Online. Goldman founded Bitbuy to provide Canadians the most convenient, dependable, and secure way to access digital currencies. With multiple cryptocurrencies, the highest levels of security, convenient funding options, and superior customer service, Bitbuy is one of the leading exchanges for retail and professional investors. With products like Express Trade and Pro Trade, Bitbuy is able to offer services to everyone interested in purchasing their first Bitcoin. For much larger trades, Bitbuy also offers competitive rates for over the counter (OTC) trades along with a white glove service. This is where the Bitbuy team will be able to broker a deal between the buyer and seller directly rather than have someone execute a larger trade with multiple entities on the exchange. The Bitbuy team is proud to provide the best possible customer service for their customers.
Bitbuy is focused on providing an easy to use app for all. Here are the main features that Bitbuy’s platform provides for its users:
“Bitbuy offers a convenient streamlined service, it concentrates on fulfilling its mission rather than trying to deliver too many services. It makes buying and selling cryptocurrency simple for Canadians. Awesome customer support, top cryptocurrencies and moderate fees backup a user-friendly platform. Its expertise and popularity have been built over years working in the Bitcoin industry. Now, Bitbuy enjoys a growing userbase providing decent 24-hour trading volumes and liquidity against Canadian dollars.”
“Bitbuy is leading Canada’s cryptocurrency exchange for a reason, and focused, reliable, and customer-oriented are the right words to define it. Instead of being a global conglomerate, it concentrates on fostering its local user base, regulatory compliance and smooth functioning of the exchange, which is exactly what most beginners are looking for in a cryptocurrency exchange of their choice.”
“With more than a 7-year track record, Bitbuy is a seasoned cryptocurrency exchange. Delivering a user-friendly cryptocurrency exchange, Bitbuy caters to both novice and experienced traders and investors.”
With a heavy focus on security and transparency with their users, Bitbuy continues to make strides in being one of the safest Canadian exchanges to use. Bitbuy requires two-factor authentication for all of their users when signing up. Two-factor (2FA) allows users to verify their identity by being required to enter a temporary code when signing in. Many exchanges allow verification through text messaging (SMS) but Bitbuy recommends users choose the authenticator app option. Google Authenticator is a great app to use for this sign in process because a bad actor would need physical access to the phone. Bitbuy also has an annual security audit conducted by CipherBlade, an independent auditor, and releases their findings for the public to view. With this type of transparency, Bitbuy allows anyone to view how much cryptocurrency they hold and all of the security measures they are taking with their internal servers. Bitbuy also has a 1:1 insurance policy for all funds they hold. This policy guarantees that if a customer’s funds are lost or stolen on Bitbuy’s platform, they will be reimbursed all funds. Please be aware that if an event like this were to happen, there is no guarantee that funds will be reimbursed within a timely manner.
Bitbuy is one of the safest exchanges in Canada and provides all of the necessary tools for users to get started. With two-factor for signing in and independent auditors to verify the amount of cryptocurrency Bitbuy holds, there are very few exchanges in the world with the same standards of transparency and security.
No, Bitbuy only operates in Canada and does not have any future plans to operate outside of the country.
Interac e-Transfer requires a minimum of $100 deposit with a 1.50% fee.
No, a sign up fee is not required.
Use a referral code to sign up with Bitbuy and earn $20 after spending $250. The referrer will also earn $20.
Yes, the Express Trade platform has a 0.50% fee for buying and selling all available cryptocurrencies. The Pro Trade platform has a 0.10% maker fee and a 0.20% taker fee.
An API allows developers to gather information from Bitbuy’s servers as well as send automated commands to the exchange. Only experienced developers should use Bitbuy’s API. No automation software is available for users who do not use the API.
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