Bitbuy Reviews: Pros & Cons, Fees, and Alternatives

The platform also monitors your transaction data for suspicious activity. Have this pegged as one of the most secure crypto exchange sites in Canada. Pro traders will need to pay a 0.10% maker and 0.20% taker fee. If you want to make deposits in other fiat currencies such as USD and EUR, you should consider other options. While other platforms like Coinbase and Binance do accept card payments, you’re probably not going to be able to fund them with your Canadian credit card. Users need a Canadian mobile number to register and trade.

One of the benefits you can access from Bitbuy is its range of available cryptocurrencies. Their platform has 19 cryptocurrencies to trade, main examples include Bitcoin, Ethereum, Litecoin, Stellar, Chainlink, AAVE and a lot more. Additionally, through Bitbuy’s fast and safe platform, you can easily compare current prices and market changes.

Bitbuy Exchange Pros

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. Although there are areas of overlap between the two services in terms of storage, the differences are essential to know before investing in Bitbuy crypto. In a nutshell, wallets are for storing currency, and exchanges are where you can trade them.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. For a market order, simply enter how much of the crypto you wish to purchase and click “buy”. Note, you will need to have sufficient funds in your account first. Bitbuy’s Pro Trade is more complicated and suitable for experienced users who would like to see live charting, price movements, order books, and advanced order types. Our concerns are unique and mine was based on the fact that I am new to crypto.

Bitbuy Offices

To the right of ‘bitbuy review‘, click on the ‘Withdraw’ button. You must have a minimum Canadian dollar balance of $50 in order to make a withdrawal with Bitbuy. When you sign up through the link below you’ll get $40 free when you deposit $250. In this article, we will provide you with a detailed introduction to Bitbuy, including information about rates, and a breakdown of the Bitbuy pros and cons. Flat buy/sell fee of 0.2%, which is lower than Bitbuy. All the features of the desktop version, including access to the Pro Trade and Express Trade.

1 The use of “featured”, “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input. Users can exchange CAD for a variety of different cryptocurrencies. Strong reputation for exceptional customer support, with a knowledgeable and responsive team. Reasonable prices when it comes to maker and taker fees, especially on Bitbuy Pro. If you are considering your options, find out what it has to offer in our detailed review.

Bitbuy is very bad site I made a…

The Express Trade platform is for people who just want to buy cryptocurrency and hold it as an asset instead of making daily purchases and sales. Pro Trade is more user friendly and has more tools than Coinbase Pro or Newton Pro Beta. Quarterly financial audits and monthly security audits are conducted across all departments by trusted third-party auditors. Moreover, weekly transaction reporting audits and suspicious activity reviews are also part of the system. You can make an Interac transfer between 8 am and 11.59 pm.

You can see a transparent https://forex-reviews.org/ summary for all transactions. To make a cryptocurrency deposit, go to the Wallets page, select a crypto wallet and click on the deposit option. Then, you can scan the QR code or copy the address to your external wallet to complete the transaction. You can track your transaction on the History page in the Deposits section.

How do I withdraw crypto from Bitbuy?

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Now it’s time to put money in your account and start trading. Below you will find a detailed explanation of how to deposit funds from your Bitbuy account. Quick and easy access to Bitcoin and many other popular cryptocurrencies. Over 95% of client assets in cold storage, keeping them secure against a possible data breach.

Although users have access to a wallet on the Bitbuy platform, it isn’t technically a wallet in itself. The core function of the Bitbuy platform is to act as a cryptocurrency exchange — users can choose to hold their funds in another wallet. Although Bitbuy supports more trading pairs than many platforms, it falls short of others.

If you sign in using a new device or browser, Bitbuy will ask you to verify the login via email, and then text you a code to enter as well. Like with most exchanges, you can set up two-factor authentication on your account to prevent unwanted access. I withdrew almost $100 worth of Bitcoin to a hardware crypto wallet. The Bitcoin appeared in my wallet within five minutes. The more liquid a crypto exchange is, the less likely there will be unexpectedly high transaction costs.

• After all, you’re giving them your hard-earned money and personal information; you need to know that it’s secure.
• When comparing the two, e-transfers are a much more convenient payment method.
• Get low and transparent fees with live order books for advanced users.
• Yes, Bitbuy offers Over-The-Counter trading for large crypto trades.
• Bitbuy will send a code to your phone which you’ll need to access your account.

He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users. CoinSmart is another reputable exchange with low fees, free deposits and some of the most popular cryptocurrencies.

It puts consumer safety and security first to offer a reliable and safe exchange. Trading cryptocurrency with Bitbuy is as risk-free as possible. Great for beginners, with competitive pricing that remains attractive to the pro traders.

You may also place a limit order, meaning that the transfer will execute only when the price falls to your specified number. If you are confused, you can take help by clicking on Use Best Ask or Use Best Bid. The Pro Trade page allows you to place market or limit orders for buying cryptocurrency.