BitBuy is a cryptocurrency trading platform aimed primarily at Canadian residents. It was founded in 2013 by Ademar Gonzalez and Adam Goldman. Initially, it was named InstaBT, but after steady growth, the founders decided to rebrand.
BitBuys main objective is to offer secure access to popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and more. BitBuy is regularly adding more coins to its selection, including a number of altcoins that are becoming more popular.
BitBuy has a straightforward interface that is appealing to both newcomers and professionals. The Express Trade feature on this user-friendly platform offers a super-easy process for trading.
Signing up initially is easy as entering an email. However, to activate the account, a phone number is required which works as 2FA. Additional information can be given for automatic verification.
Being extremely comprehensible, the platform provides two options- Express and Pro, depending on the trader’s experience level. If you are an advanced cryptocurrency trader, Pro would be a suitable choice. With the Pro Trade platform, buyers have the option of buying and selling crypto through the market or limit orders. However, if you are just a beginner, go for Express. It makes buying cryptocurrencies hassle-free. The advanced trading interface is also easy to use.
BitBuy has been praised for its customer service. The platform has a direct support line, as well as an email ticketing service. Tickets are often answered within a few hours.
When a trader uses this platform, both maker and taker are charged a 0.5% fee. The trading fee is slightly above the global industry average, but this is compensated with the lower fees for CAD deposits and withdrawals. If a user is trading on Pro Trade, the taker’s fee is 0.20%, while the maker’s fee is 0.10%. Apart from the trading fees, there are deposit and withdrawal fees.
Bitbuy is one of the leading crypto exchanges in Canada. It is focused and customer-oriented. It aims to foster its local customer base, smooth functioning, and regulatory compliance rather than being a global conglomerate. While many cryptocurrency exchanges are tilted toward the United States, BitBuy bucks the trend and allows Canadians to trade using Canadian Dollars.
Protecting Your Cryptocurrency And Staying Safe on Bitbuy
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