BitBuy Review 2023 | Canadian Crypto Exchange

CANADIAN CRYPTO EXCHANGE: Comprehensive review of BITBUY. This BitBuy review features pros, cons, fees, account features, funding methods, coins available and much more for crypto investing in Canada.

Hello, I’m Blooming Umoren.👋 In this tutorial, we are going to review BITBUY, a good Canadian crypto exchange to buy and sell Bitcoin, Ethereum, Cardano and many other coins and tokens.

If you have any question(s), leave them in the comments section below and I will answer them. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

So let’s go straight into today’s tutorial:

Oftentimes, many ask: what is the best crypto exchange in Canada? BitBuy is a solid crypto exchange in Canada for beginners, intermediate and pofessional advanced crypto traders. Here’s why:

BitBuy Overview:

1. What is BitBuy?

Established in 2016, BitBuy is a good Canadian crypto trading platform for beginners and advanced crypto traders. It offers 15 crypto coins including Bitcoin, Ethereum, Aave, Polygon, Polkadot, Cardano, Solana and more. BitBuy’s simplicity makes it attractive for beginners while also offering tools and resources for experienced advanced traders.

BitBuy: Benefits & Pros
Users: 

Excellent choice for both beginners and experienced / advanced traders. BitBuy is simple and easy-to-use for crypto beginners and adequately robust for professional crypto traders by providing powerful advanced trading features and tools for investing in crypto in Canada.

 🙋 DON’T HAVE A BITBUY ACCOUNT? 

💸  SIGN UP HERE & GET $20 CASHBACK
Deposits: 

Bitbuy offers variable deposit fees.

Interac e-transfer = 1.5% deposit fee with minimum deposit of $50 and $10,000 max. daily within minutes

Bank wire = 0.5% deposit fee with minimum deposit of $20,000 and $500,000 max. in 2 – 3 business days.

Free crypto deposits. Learn more

Withdrawals: 

Bitbuy offers variable withdrawal fees:

Interac e-transfer = 1.5% withdrawal fee with minimum deposit of $50 and $10,000 max. daily within 24 hrs

Bank wire = 1.00 % withdrawal fee with minimum withdrawal of $20,000 and $500,000 max. in 2 – 3 business days.

Variable crypto withdrawal fees. Learn more

BitBuy Fees: 

BitBuy trading fee is 0.20% for buying and selling cryptocurrency. This is in addition to the deposit fee ranging from 0.5% – 1.5% per deposit depending on deposit method. Learn more

Customer Support: 

Offers 24/7 email support .

Crypto offered: 

BitBuy offers 15+ coins. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH), EOS, Chainlink (LINK), Aave (AAVE), Uniswap (UNI), Polkadot (DOT), SushiSwap (SUSHI), Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), Cardano (ADA) and more

How To Fund Your BitBuy Account?: 

BitBuy offers multiple funding and deposit methods including Interac e-transfer, wire transfer and crypto. 

The easiest way to fund your BitBuy account is via Interac e-transfer. Once you initiate the Interac e-transfer from your bank, it takes as little as 0 – 30 mins for the funds to show in your account. 

To ensure your Interac e-transfer goes through without any hassle, ensure you include your unique reference code in your Interac transfers from your bank to BitBuy.There’s usually an option to include a note or message with your Interac transfer, ensure you include your reference code there. 

Without this reference code, BitBuy is unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your BitBuy account to avoid any delay in deposits. 

Crypto Transfer To Wallet: 

BitBuy supports transfers of your crypto from your BitBuy wallet to other crypto exchanges platforms or cold wallets such as Ledger Nano X. As explained in our Crypto Investing for Beginners, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X and never leave it on any crypto exchange.

To get your Ledger wallet from the official website, click here

🔒SHOP LEDGER NANO X? CLICK HERE 

How To Open A BitBuy Account?: 

To get started, sign up here or use promo code AXLRI246X and get $20 cash back.

BitBuy offers quick id verification for new customers which means you can start buying any crypto as soon as you create and fund your account. 

To open a BitBuy account, you’ll need to provide these information:

  • Name 
  • Username
  • Email
  • Password
  • Phone number
  • A valid government issued photo ID e.g. driver’s license, passport, provincial ID card
  • A selfie of yourself

Once your account registration is complete and verified, you can then fund your account via Interac e-transfer for ease. 

To sign up, click here and receive a $20 bonus when you fund your account with $250 or more and buy any crypto of your choice. 

BitBuy Referral Code & Program: 

To earn $20 sign up bonus, click here

or use promo code: AXLRI246X.

Other Features:

Same-day deposits and withdrawals, fast processing times for deposits and withdrawals, 24/7 live customer support, referral program, advanced order types – stop order, trailing stop order, limit order, secure digital asset storage, and many more.

BitBuy: Cons

Serves Canadian Market Only

BitBuy serves customers only in Canada and accepts only Canadian dollars for fiat deposit.

No Staking

As at the publishing of this crypto tutorial, BitBuy has no staking feature on its platform.

High Withdrawal Fees 

BitBuy charges a withdrawal fee of $1.5% per transaction to your Canadian bank account. This is quite high given that other exchanges such as ShakePay allow free withdrawals. All withdrawals attract a 1.5% fee and crypto withdrawals fee varies.

 

Summary:

BitBuy is one of the popular crypto exchanges platforms in Canada for beginners and advanced crypto users with 15+ crypto coins for trading.

For beginners, BitBuy offers a simple trading layout where you can trade crypto with the Express Trade platform while for advanced crypto traders, you can access robust trading features, charts and order types with the Pro Trade platform. It offers variable deposit and withdrawal fees. 

To start investing in crypto today with BitBuy, sign up below and get $20 cashback.

✅ CLICK HERE TO SIGN UP
BitBuy Frequently Asked Questions (FAQs)
Is BitBuy Safe?

Yes, BitBuy is safe. 99% of the crypto on BitBuy is stored securely in their cold hardware wallet and covered by a comprehensive insurance policy.

Is there staking on BitBuy?

No staking feature available on BitBuy. 

Below is the next article to walk you through how to buy your first Bitcoin.

Questions?🤔

If you have any question(s), leave them in the comments section below. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

See you in the next class! 👋

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I’m Blooming Umoren. I enjoy teaching about stock market & cryptocurrencies investing as long term cornerstones for creating and building multi-generational wealth.


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