Bitbuy is a cryptocurrency exchange launched in 2016. It is based in Toronto, Canada. The platform supports fiat deposits, withdrawals, and the trading of digital currencies.
Bitbuy is KYC-compliant. It requires its users to verify their identity to access the services. Bitbuy cryptocurrency exchange is only available in Canada. Users must be Canadian citizens or residents. To register, a user must have a North American cell phone number (+1 country code). The platform is available in Android and iOS.
Markets
Bitbuy crypto exchange offers spot trading, where users have to pre-fund their accounts and trade with their balance without any leverage.
Bitbuy trading pairs include crypto-crypto and crypto-fiat. As of writing this, users can trade 25 cryptocurrencies across over 10 crypto pairs. Supported digital assets include BTC, ETH, and other cryptocurrencies. In terms of fiat currencies, the exchange supports the Canadian dollar.
Bitbuy crypto exchange offers different service levels that suites users of all levels of experience. Express-Trade is a user-friendly portal suitable for beginners. This portal facilitates one-click buy and sell orders that execute in real-time. It is a highly convenient and accessible way to buy cryptocurrency.
The Pro-Trade dashboard integrates additional functionality that suits experienced professional traders looking for deeper market insights. It has the following features:
- Limit and Market Orders – allows users to set maximum and minimum prices for their buy and sell orders.
- Live Order Book – provides access to all open market orders in real time.
- TradingView Charts – visual analytic tools that users can utilize during trading activities.
- Market Depth Chart – offers insight into the available liquidity at a select price to prevent slippage.
- Live Trading and Market Statistics – provides live access to the last selling price, 24-hour Bitbuy volume, and 24-hour percent change of each digital asset.
You can check Bitbuy crypto prices for various assets on the live trading interface.
Another feature is the Dedicated Over-the-Counter (OTC) service. OTC ensures there is enough liquidity to support large-volume trades without slippage. Bitbuy exchange OTC service offers lower fees on high-volume trades.
Bitbuy spot trading attracts a tiered fee structure for Express Trade and Pro Trade activities. The tiers are based on users’ Bitbuy trade volume over the last 90 days, calculated at the end of the month. Overall, there are 4 tiers. Maker fees in these tiers range from 0%-1.5%, while taker fees range from 0.1%-1.5%.
Bitbuy exchange fees do not include any deposit fee, as it is free to deposit funds. Withdrawal fees depend on the payment method. Interac e-transfer and Wire transfer attract 1.5% withdrawal fees. Also, Bitbuy crypto fees for withdrawals depend on the crypto asset a user is transacting.
Other Services
Bitbuy cryptocurrency exchange offers a staking program that allows users to earn rewards for securing the network. Stakers earn up to 5.71% in reward by holding their favorite digital coins, which the network uses to forge new blocks on the blockchain.
Bitbuy crypto exchange also offers API service, which allows users to enjoy unlimited access to crypto trading and market data. Bitbuy API connects to more than 10 markets featuring a variety of CAD-to-crypro and crypto-to-crypto pairs. Bitbuy’s API is available for individuals, institutions, algorithmic traders, crypto ATMs, and other crypto-based businesses.
Bitbuy also has corporate solutions suit that offers full-service support to crypto projects. Services include:
- Onboarding, funding, trade execution, and custody.
- Access to OTC trading desk liquidity.
- Account controls and personalized reporting.
- White-glove support with a dedicated account manager.
- Connections with industry-leading account professionals.
Besides, Bitbuy crypto exchange has an affiliate program that rewards users for referrals and promotes the exchange. A user and the person they refer receive $20 each when the referred users deposits $250 or more. Users can also register as Bitbuy affiliates and earn up to $200 per referred user. The reward depends on the number of referred users per month.
About the Company
Bitbuy cryptocurrency exchange was founded in 2016 by Adam Goldman and Ademar Gonzalez. It is located in Toronto, Ontario, Canada. In 2018, the company upgraded and relaunched its platform to offer more user-friendly services.
Although Bitbuy services are still limited to the Canadian market, they are plans to expand to foreign markets in the future. In 2021, Bitbuy partnered with Kogan.com Limited, one of the most popular Australian online retailers. The partnership will see Kogan.com provide marketing support to Bitbuy's future launch into the Australian Market.
The increasing Bitbuy trade volume reflects the exchange’s growth. Currently, Bitbuy has grown to be the leading Canadian cryptocurrency exchange. Bitbuy volume is supported by the exchange’s deep liquidity.
Bitbuy founders Adam Goldman and Ademar Gonzalez are the same founders as a previous exchange called InstaBT. Adam Goldman is a skilled and experienced computer analyst, web developer, investor, and serial entrepreneur. Ademar Gonzalez is a software engineer, with a demonstrated history of working in the information technology and service industry. He is skilled in Enterprise Architecture, Functional Programming, Cryptocurrencies, and Blockchain technology.
