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How to Buy Bitcoin with Bitbuy

The mobile application also supports biometric security measures to keep your portfolio safe. Bitbuy’s mobile app is available for both Android and iOS devices. If their customer team doesn’t get back to you within a day, you can reach out to them on social media channels. However, in my experience, the best way to contact them is through email. You can either raise a support ticket by clicking on the support icon or email the support team directly. In both cases, an executive will get back to you within 12 hours, even on weekends.

Shakepay does not charge a trading fee, but there are spread costs for each transaction. Other exchanges have a larger choice of digital assets to trade. Competitive trading fees at 0.2% for both selling and buying cryptocurrencies.

Moreover, weekly transaction reporting audits and suspicious activity reviews are also part of the system. Bitbuy provides both cryptocurrency and Canadian dollar wallets. The Wallets page shows the total balance and available balance held in each wallet. The page also shows an estimate of a Canadian dollar balance alongside the cryptocurrency balance for a crypto wallet. On Bitbuy, you can buy and sell cryptocurrency in four ways- Express Trade, Pro Trade, wallets and OTC. You need to go to the Wallets page and click on the Withdraw button to the right of the Canadian dollar wallet.

  • Choose your preferred withdrawal method and enter the amount you are looking to withdraw, and the name of your bank.
  • You need to send a withdrawal request and then paste the receiving address.
  • Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade.
  • The nature of leverage means that they are high-risk investments with the potential to lose money quickly.

Select your withdrawal method and enter the amount you are looking to withdraw, and the name of your bank. Hit ‘Next’ when you are ready and enter your two-factor authentication code to complete your withdrawal request. Great for beginners, with competitive pricing that remains attractive to the pro traders. NDAX is also a good option which offers crypto staking for five cryptocurrencies.

Our Student Program

Transaction fees charged by Bitbuy follow a simple flat scheme. The express cryptocurrency sale and purchase have two different rates. When you make an express trade, it carries a flat fee of 0.20%. Pro-trade allows you to limit orders or place markets while trading your cryptocurrencies. And you can look at interactive charts before trading and study candlesticks and volumes. This will help you make a more sophisticated and defined trade.

The platform also conducts daily off-site backups and has a direct bank integration. This section of the Bitbuy review will discuss the platform’s referral program. Bitbuy offers an exclusive referral program for all its customers. With Comparewise’s exclusive deal, you can get access to a $30 welcome bonus by signing up with our link. This bonus amount is more than double that of any other website.

This is because makers add liquidity to the market, whereas takers remove liquidity from the market. Apart from the trading fees, Bitbuy also charges deposit and withdrawal fees. All the cryptocurrencies stored in BitGo are covered under a comprehensive insurance policy. Since Bitbuy is connected with BitGo, your crypto assets in cold storage are also covered under the same policy. The second benefit you can access from Bitbuy is their fast transaction times with no hidden fees and low trading fees. Their sign up process is seamless as you can get verified instantly and be able to fund, withdraw, buy and sell straight away.

Newton has over 100,000 registered users on its platform. This platform is one of Canada’s most secure and trusted crypto exchanges. All their servers are secured across multiple world-class cloud providers and disaster recovery locations. Bitbuy also utilizes industry-leading security standards to keep your account safe, including 2-factor authentication and a 95% cold storage policy.

Bitbuy is incorporated as a Money Service Business and is registered with Financial Transactions and Reports Analysis Centre of Canada with headquarters in Toronto, Canada. Choices for Canadian crypto exchanges remain somewhat limited. If you’re looking for one that accepts CAD transfers from your Canadian bank account, Interac or FIAT withdrawals, you don’t have a lot to work with. It also recently became the first crypto asset platform to be registered as both a marketplace and investment dealer. Although Bitbuy supports more trading pairs than many platforms, it falls short of others.

You cannot access their website or sign up for an account from any other country. You should have a Canadian mobile number to register with this crypto trading platform. With the express trade option offered by the platform, new traders can place trades with a single click.

Pro Trade

This highly contributes to the legitimacy of this trading platform. Bitbuy not only offers an easy-to-use platform with a straightforward design but also gives you access to additional functionality. This section of the Bitbuy review will discuss the different products and services this trading platform offers. One fact that sets the platform back from other crypto trading platforms in our Bitbuy review is the payment restrictions.

bitbuy canada

The regulatory body also ensures that all the registered companies keep their customer personal data secure. As the crypto market grew, the company rebranded itself as Bitbuy. The platform offers over 19 digital currencies and one fiat currency.

Shakepay is popular among traders as it does not charge any trading, deposit, or withdrawal fees. It is a secure and legitimate platform registered as an MSB and regulated by FINTRAC. The platform also uses two-factor authentication and SSL encryption to protect your account. In just five years, it has become the largest crypto trading platform.


It’s almost $15 to send bitcoin for any kind of actual payment. What’s the purpose of having bitcoin if the whole premise is to just hold and sell vs actually use it. Access several popular coins and altcoins and staking to earn interest. The Bitbuy referral program pays you $20 to $40 for every person that signs up using your referral link code. As you can probably tell, my review of Bitbuy Canada is positive. It is registered with the Financial Transactions and Reports Analysis Centre of Canada as a Money Service Business.

bitbuy canada

They’re quick to take your money, let you purchase a coin but withdrawing your coins to an external wallet takes forever – hours. Instead of being a global trading platform, Bitbuy focuses more on the local user base. This makes bitbuy review it one of Canada’s fastest and most reliable crypto exchanges. In the traditional sense, it’s not a legit crypto trading platform. Instead, Shakepay is a broker that facilitates buying and selling of cryptocurrencies.

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It has served more than 250,000 Canadians and is a growing organization. The feature that stands out in this Bitbuy review is its excellent customer support. This platform offers a group of knowledgeable and responsive customer support executives. You can create a support ticket or mail them directly to reach out. Bitbuy’s support agents will reply to you within a few hours. Bitbuy has been designed for both beginner and advanced users.

Every time a friend signs up you’ll both get $20 after they deposit $250 into their account. Just go to your account to get your unique referral code. When you sign up, you will be asked to provide a telephone number for two-factor authentication, so the Bitbuy sign-in process can be as safe as possible. Choose your preferred withdrawal method and enter the amount you are looking to withdraw, and the name of your bank. Hit ‘Next’ when you are ready and enter your two-factor authentication code to complete your request.

Bitbuy makes sure that all the customers are legit and do not indulge in illegal trading activities. Since all the trading goes through the website, it is essential to analyze how easy to use their interface is. In this section of the Bitbuy review, we will discuss whether their website is user-friendly or not. This is a near-instant transfer, and you will have to deposit a minimum of $50. A deposit fee of 1.50% is charged by Bitbuy on Express Interac electronic funds transfer.

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. There are several other Canadian crypto exchanges to choose from and I recommend CoinSmart as a good alternative to Bitbuy. Reached out using the support email with a general question and received a personalized response instantly. However, as it was a general question about their coins, the response was most likely an auto-generated reply.

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