BitBuy Review 2023: Is This Canadian Crypto Platform Worth It?

FeatureBitbuyCoinbaseOrder Book TransparencyMarket orders are transparent so that traders can make better trading decisions. Bitbuy was founded in 2013 with headquarters in Toronto. It is a popular cryptocurrency exchange in Canada where users can easily trade a number of digital currencies. Experienced traders can use advanced services such as over-the-counter trading and brokerage.

My case is been handled by one Rebecca T. They asked for more details about the activity occurring in my binance wallet, which is wrong! Up till this moment, I am unable to withdraw my bitcoin, I can’t send out. I will advice anyone to never, I repeat never use this service. Pls spread this message across to save your friends and family in their crypto journey. Bitbuy is a criminal organization, they are fraudsters working in there.

Is Bitbuy decentralized?

An email ticket system is available for this purpose. Simply fill out the inquiry field online and send it together with your email address. Customers can have customer service contact them directly by phone to process an OTC deal. Being a large regulated trading exchange with high liquidity, Bitbuy is also used by professional investors and institutions for large orders. So-called Over-The-Counter deals with a stake of at least $50,000 can be settled on Bitbuy around the clock.

Access to their fast transaction times with no hidden fees and low trading fees. The exchange has balanced offerings for both beginners as well as advanced cryptocurrency traders in Canada. If you are an existing customer you can send your friend a Bitbuy referral code. Every time a friend signs up you’ll both get $20 after they deposit $250 into their account.

Bitbuy Review: Final Thoughts

I was not happy about the fact that no one was responding to my requests. However, I got a response the following day with an explanation why the process was taking long. In hind site, I am forever grateful for the steps they took to save me from loosing a lot of money. Hi Gisele, I’m truly sorry to hear about this experience. This is not the customer experience that we want our users to have.

The https://forex-reviews.org/ process can take up to two days to complete, but for us it took just one hour to get my documents verified. Bitbuy is only suitable for Canadian residents, but Canadians are able to access the trading platform outside of Canada. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Visit Bitbuy, and provide your name and email address. They’ll send you a confirmation link to your inbox. As a result, the order’s remainder is filled at a higher market price, which means the trade ends up costing more than anticipated.

You and your friends with $20 every time the friend you refer deposits at least $250. More advanced options, such as TradingView charts, order status and history, as well as sophisticated market orders, including stop and limit orders. For the full list of crypto assets available on Bitbuy, click here. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. Step 5 -You will then need to verify your email ID and phone number and enter some personal information.

I have reached out to you directly via the open support thread for more details regarding this ongoing issue. Extremely fast, typically you can get cash from fiat to your favourite crypto exchange within 30 minutes to an hour. Tom Drake is the owner and head writer of the award-winning MapleMoney.

Bitbuy does indeed offer a wallet service, which will enable you to store cryptocurrencies. Provides an easy-to-understand user interface and a safe way through which to buy cryptocurrencies. Another Canadian exchange offering a variety of different cryptocurrencies. The exchange is specifically tailored towards Canadian users. Their website won’t even load unless accessed from a Canadian IP address.

Constant issues withdrawing crypto to…

Bitbuy probably falls somewhere in the middle of the pack, but what we like is that their pricing is clear and straightforward. On the registration page, only a few details are initially requested for the free account creation, such as private or business account, username, email, and phone number. Once the account is created, full personal details including address information and ID verification are required. This is the only way to enable a trading account top-up with fiat money. Bitbuy is the first Registered Investment Dealer AND Marketplace for cryptocurrencies and crypto assets in Canada, based in Toronto. Is really simple and easy to use, customer service seems excellent – very responsive and quick.

Canadian companies looking to add Bitcoin to their corporate treasury. In-demand crypto assets, including Bitcoin, Dogecoin and Ethereum, as well as less-popular cryptos such as Cardano and Solana. Also praise this feature-packed platform for its ease of use and advanced security features. That make this platform a great option for both beginners and advanced investors.

bitbuy review “Express” supports 7 trading pairs while Bitbuy “Pro” supports 13. Alternatively, the Coinbase cryptocurrency exchange supports 20 trading pairs as of April 2021. Since 2016, Bitbuy has operated as a Canadian cryptocurrency exchange that enables users to buy and sell digital assets. Deposits to the Bitbuy account are no longer subject to fees, only for withdrawals you have to pay a small surcharge. The most straightforward way to send money to Bitbuy is via Interac e-Transfer. There is a low minimum deposit of $50 and a maximum of $10,000 can be deposited per 24 hours.

I prefer the flat fee to the rather “invisible” spread. Like many cryptocurrency exchanges, Bitbuy generates a profit from the fees they charge on trading, deposit, and withdrawal transactions. Pro trades occur in the advanced trading platform, and they are cheaper in terms of fees (0.1% maker fee and 0.2% taker fee). Yes, Bitbuy has been known to freeze accounts or hold deposits and withdrawals. Since Bitbuy is fully regulated, anything suspicious can be flagged.

You can reach out for your problems via email or a support card. When it comes to depositing or withdrawing cryptocurrency in one’s wallet, Bitbuy does not charge fees. Also, Bitbuy charges fees for depositing and withdrawing Canadian dollars. Oleg is a Canadian citizen & crypto expert who has been trading since 2016.

• This website does not replace a personal financial advisor, which should always be consulted for investment or trading matters.
• Trading cryptocurrency with Bitbuy is as risk-free as possible.
• If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada.
• Transferring crypto to a non-custodial wallet isn’t a necessity, but rather a personal preference.
• Hi Gisele, I’m truly sorry to hear about this experience.

When investors buy a large volume of cryptocurrency on a single exchange, there’s potential for slippage. For Canadians, the ability to exchange cryptocurrency for CAD is a crucial feature of exchanges like Bitbuy. We assume no liability for the completeness or accuracy of the information. It’s the reader’s very own decision what to do with her or his capital.

As a marketplace and crypto broker of crypto assets in Canada as of December 1, 2021. This means that all your orders are fulfilled by Bitbuy instead of being outsourced to third parties. Simply send the automatically generated referral code you get when you open an account to as many friends as you like to get your bonus.

How Will the Proposed Safeguards in the 2023 Budget Protect Canadians From Crypto Risk?

A response to a support ticket would likely take longer. To make a purchase, click BTC-CAD in the top-left and then you will see a drop-down with a search bar. You can enter the crypto you wish to purchase here. You can also view all of the trading pairs available. Bitbuy’s trading platform has everything you would need to trade in an attractive color scheme, which you have the option to change.

There is a minimum limit of C$100 and a maximum limit of C$10,000. For wire transfers, the minimum limit is $20,000 and the maximum limit is $500,000. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry. Cryptocurrency will be one of the main medium exchanges in the future. Our team сonstantly checks news & changes in the crypto world for Canadians. NDAX is also a good option which offers crypto staking for five cryptocurrencies.

• Like with most exchanges, you can set up two-factor authentication on your account to prevent unwanted access.
• Choices for Canadian crypto exchanges remain somewhat limited.
• Hit ‘Next’ when you are ready and enter your two-factor authentication code to complete your request.
• Once the account is created, full personal details including address information and ID verification are required.

Hi Julissa, thanks for reaching out and connecting with us about this. It looks like we were very responsive in regards to your support tickets . It looks like this matter has been successfully completed and we thank you for your patience.