According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Most popular cryptocurrencies, no fiats for trading, high security, low entry threshold, optimal commissions, a referral program with a one-time bonus
Our Evaluation of Bitbuy
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitbuy is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.23 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitbuy clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Bitbuy cryptocurrency exchange offers a simple and functional TradingView in-browser terminal for trading crypto-crypto pairs. Clients of the exchange can make deposits in fiat, but they cannot be traded. The popularity of the platform is due to a wide selection of trading instruments, large trading volumes, and low fees. This is beneficial for both professionals and beginners, who also note the nonexistence of a minimum deposit, the intuitiveness of the interface, and the quality of the support service as advantages. Traders also highly appreciate the stability and safety of the platform and the referral program with significant bonuses ($20 per referral).
Brief Look at Bitbuy
Bitbuy, a Canadian cryptocurrency exchange, is widely recognized for its favorable trading conditions. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), BitcoinCash, EOS, AAVE, LINK, other cryptocurrencies, and tokenized coins are traded on the platform. There are no pairs with fiat funds. Two services are presented which are a quick exchange of crypto-to-crypto and a more robust exchange for advanced traders. There is a separate service for OTC and institutional trading. The platform has low fixed commissions such as 0.1%/0.2% for maker/taker. There is no minimum deposit. Deposits are possible in cryptocurrency and US dollars. The referral program is single-level with one-time payments; there is also an affiliate program for active bloggers. The crypto exchange does not offer investment solutions.
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- most popular cryptocurrencies and coins are presented;
- high speed of exchange and trading operations;
- 95% of customer funds are kept cold;
- two-factor authentication and deep encryption;
- the company is registered with MSB FINTRAC;
- high-quality technical support;
- a TradingView in-browser terminal;
- a convenient mobile application;
- no minimum deposit for cryptocurrencies;
- no demo account;
- significant withdrawal limits
- fiats are not represented here;
- there are no investment solutions.
TU Expert Advice
Financial expert and analyst at Traders Union
First, Bitbuy developed software but then took a different direction. A specialized IT background has allowed it to create a cryptocurrency exchange with the highest level of protection, as evidenced by numerous tests. The Traders Union experts have not identified any technical vulnerabilities and the platform has never been hacked.
The company is headquartered in Toronto. It is validly registered with FINTRAC, the government register of financial services businesses. The crypto exchange operates transparently and within its regulations. There was no evidence of fraud, default on obligations, or unresolved conflicts. The technical support of the exchange is rated as one of the best in the segment.
The main features of the platform are low fixed commissions, a referral program with solid one-time bonuses, and an affiliate program for socially active clients. There are no options for exclusively passive earnings, and the exchange does not offer staking and other investment solutions typical for the segment. There are also no demo accounts or tutorials.
Due to the lack of a minimum deposit when depositing in cryptocurrency and fixed commissions, the Bitbuy exchange can be recommended for beginners. Experienced players are attracted by the availability of major cryptocurrencies and coins, large trading volumes, and competitive speed. The universal advantages are a high level of security, a typical trading terminal, no limits on cryptocurrency assets, and transparency. The only category of clients that the exchange will not suit is investors.
Bitbuy Summary
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Deposit / Withdrawal: | Bank transfers, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | USD1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,1%-0,2% |
| 🔧 Instruments: | 25 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No data |
| ⭐ Trading features: | Most popular cryptocurrencies, no fiats for trading, high security, low entry threshold, optimal commissions, a referral program with a one-time bonus |
| 🎁 Contests and bonuses: | No data |
The Bitbuy crypto exchange has simple registration and typical verification. The 2FA two-factor authentication protects users’ data and prevents access to the exchange by scammers and fakes. After verification, the client only needs to make a deposit and start trading. A minimum deposit has not been set for cryptocurrencies because the client independently determines his financial policy. He also does not have leverage because the exchange does not provide funds on credit. Therefore, a trader can only rely on his own assets. For any questions, customers can contact technical support through the ticket system on the website or by email. The company's Toronto office is open to the public. The table below shows the main trading conditions of the exchange.
Bitbuy Key Parameters Evaluation
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Regulation and safety
Bitbuy has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- No successful hacks history
- Investor protection fund
- 2FA
- Government-regulated
- Tier-1 regulation
- Cold wallet storage
- Not U.S regulated
- No facial recognition
Bitbuy Security Factors
We also compared Bitbuy against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitbuy | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Bitbuy a regulated crypto exchange?
Bitbuy is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Bitbuy is authorized or licensed in accordance with local regulations in the following regions: AUSTRAC in Australia, Canada.
Is verification (KYC) mandatory at Bitbuy?
Yes, KYC verification is mandatory at Bitbuy. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Bitbuy available?
Bitbuy complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bitbuy support.
Is Bitbuy available in the USA?
Yes, Bitbuy is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bitbuy commissions and fees
Bitbuy received a 7/10 score for its trading fees. While Bitbuy is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Bitbuy trading fees?
We analyzed Bitbuy’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bitbuy trading fees vs competitors
| Bitbuy | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,22 | 0 | 0.194 |
What are Bitbuy deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does Bitbuy offer P2P trading?
No, Bitbuy does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Bitbuy received a 4/10 rating for its deposit and withdrawal services. Bitbuy offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No deposit fees
- Withdrawal fee applies
- No Google Pay option
- No PayPal option
Deposit and withdrawal options
Bitbuy supports the following deposit and withdrawal options: Bank transfers, Crypto.
Bitbuy Deposit and withdrawal options vs competitors
| Bitbuy | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bitbuy minimum deposit?
The minimum deposit at Bitbuy is 5 CAD USD/USDT or 0,0005 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitbuy minimum deposit vs competitors
| Bitbuy | OKX | Kraken | |
| Minimum deposit, USD or USDT | 5 CAD | 10 | 10 |
| Minimum deposit, BTC | 0,0005 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Bitbuy support fiat money?
Bitbuy supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitbuy received a score of 3/10 in this category, indicating a modest offering of assets and markets. While Bitbuy covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Fiat currencies supported
- Crypto futures not available
- Only 25 supported coins
Bitbuy supported coins and markets vs competitors
We compared Bitbuy with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bitbuy | OKX | Kraken | |
| Supported coins | 25 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bitbuy passive income options vs competitors
We also compared Bitbuy with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bitbuy received a score of 7/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- App data protection with 2FA
- Advanced tools and automation with API
- Android app score 4,5
- No access to Copy Trading
- No standalone desktop access
- No access to TradingView features
Trading apps
Bitbuy provides web and mobile apps for both Android and iOS users, with an average rating of 4,5 on the App Store and 4,5 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bitbuy platform is for mobile use.
| Bitbuy | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Bitbuy offer a desktop app?
No, Bitbuy does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bitbuy offer advanced charting with TradingView integration?
No, Bitbuy does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | 341-110 Cumberland St. Toronto, ON, Canada |
| Official site | https://bitbuy.ca/ |
| Contacts |
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