Bitbuy is a Canadian cryptocurrency exchange and brokerage where users can buy, sell, trade, and stake major cryptocurrencies. It’s regulated under Canadian financial authorities, which means it follows rules around customer protection and anti-money-laundering (AML) requirements.

It is operated by Coinsquare Capital Markets Ltd. and registered with agencies like FINTRAC and the Ontario Securities Commission.

The platform offers services tailored to both beginners (simple buy/sell) and more advanced traders (pro trading interface).

📈 Key Features

🪙 Supported Cryptocurrencies

Bitbuy supports a range of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), Cardano (ADA), and more.

🛠 Trading Options

Express Trade: Easy instant buy/sell for beginners.

Pro Trade: Advanced features like order books and charting tools for experienced traders.

📊 Staking Rewards

You can stake supported assets to earn rewards (a percentage paid annually), though Bitbuy charges a commission on staking rewards.

💰 Fees and Costs

Bitbuy’s fee structure varies based on service type:

🪙 Trading Fees

Pro trade fees: tiered maker/taker fees based on trading volume (can be as low as 0% maker / 0.10% taker for high volume).

Express/simple trades: fees are included in the spread shown at trade time.

📥 Deposit & Withdrawal

CAD deposits: often free for Interac e-Transfer and wire transfers.

CAD withdrawals: may have fees depending on method (e.g., bank transfer 1.5%).

Crypto withdrawals: vary by asset and may include network fees plus a small markup.

⚠️ Some community feedback suggests higher-than-expected withdrawal costs in real-use cases, though experiences vary widely.

🔒 Security and Regulation

Bitbuy places strong emphasis on safety and compliance:

Cold storage: Most user assets are held offline for security.

2-factor authentication (2FA): Helps protect accounts.

Regulated: It follows Canadian law (KYC/AML) and is registered with FINTRAC and securities regulators.

Insurance: The platform claims insured custody for crypto and cash holdings covered by protection funds.

These measures make Bitbuy one of the better regulated exchanges available within Canada, which can offer greater peace of mind compared to unregulated platforms.

⚖️ Pros & Cons

👍 Pros

Strong regulatory compliance (Canadian regulators).

Various payment options with free deposits.

Beginner-friendly and advanced trading options.

Staking rewards available for select coins.

👎 Cons

Fees (spread and trading/withdrawals) can be higher than some international exchanges.

Some user reports mention customer support issues, delayed withdrawals, or account restrictions — experiences vary widely.

Less extensive selection of niche altcoins compared to bigger global exchanges.

🧾 Who Is Bitbuy Good For?

Bitbuy can be appealing if:

You want a regulated crypto exchange in Canada.

You’re new to crypto and want simple tools to start.

You want staking rewards on some assets.

If you prioritize low fees or access to a broader range of altcoins, you might also consider comparing other exchanges.