Bitbuy is one of the most popular cryptocurrency exchanges in Canada. It was founded in 2016 and has its headquarters in Toronto.
Bitbuy is one of the leading cryptocurrency exchanges in Canada, founded in June 2016 by Adam Goldman. Its company headquarters are based in Toronto, Ontario, Canada, and currently serves more than 400,000 Canadians with support for 15 cryptocurrencies.
The exchange is run and operated by Bitbuy Technologies Inc., a division of crypto investment company First Ledger Corp. In January 2022, WonderFi, a Vancouver-based technology company that is publicly listed on the NEO Exchange, bought out First Ledger Corp to gain exclusive rights over the operations of Bitbuy.
Despite its storied ownership history, Bitbuy is among the best options for Canadians looking to invest in the nascent digital asset market, offering two main services: cryptocurrency brokerage and exchange. Advanced cryptocurrency traders will gravitate towards the Pro trade service, which has most of the bells and whistles needed to carry out effective trading activities.
The biggest advantage to using the Pro trade feature is that traders have more control over the price at which they enter or exit their positions and how much they pay for the trades. Additionally, traders can save on trading fees as the Pro trade feature is much cheaper than the Express trade.
Bitbuy is a Canadian cryptocurrency exchange, caters primarily to Canadian users, allowing deposits in Canadian dollars via Interac e-Transfer and wire transfer. It offers a diverse range of cryptocurrencies, including popular options like Bitcoin, Ethereum, Litecoin, and newer additions such as Solana, Cardano, and Polygon.
Front and center on Bitbuy’s website is the best Canadian crypto exchanges featuring the Canadian flag. They are fully regulated. The major downside of Bitbuy was their deposit fees which were 1.5%! However, they listened to their customers and waived it in 2023 so the only fee you pay now is 1.5% withdrawal fee which makes BitBuy one of the cheapest crypto trading platforms in Canada.
- Bitbuy caters to both beginners and advanced traders with its two separate platforms - Express Trade and Pro Trade. Great for both beginners and advanced users
- Free deposits via Interac e-Transfer
- Bitbuy has a solid reputation for providing Canadians with a secure trading platform
- Bitbuy is only available within Canada;
- Bitbuy has a limited number of coins available compare to global crypto exchanges (but they have the most popular ones)
- High withdrawal fees
- No phone or live chat support on the website
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