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Bitbuy Referral Code: CIMG5JQZQM
Get $20 sign-up bonus when you trade $250 CAD or more. Bitbuy is one of Canada’s safest crypto exchanges. Read my Bitbuy Review
Bitbuy Quick Summary
Bitbuy Fees
- Interac e-Transfer Deposit: $0
- Wire Transfer Deposit: $0
- Interac e-Transfer Withdrawals: 1.5%
- Wire Transfer Withdrawals: 1.5%
- Spread: 0% – 1.5%
- Crypto withdrawal: 0.00025 BTC (~$10)
- Check fees and prices on Bitbuy
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Credit Card
Cryptocurrencies: 25+
✅ Bitbuy Pros
- Regulated and transparent
- Express trade
- Pro trade
- Staking
❌ Bitbuy Cons
- Lots of KYC questions
- Low liquidity
- High deposit fees
- No stop-loss orders
Bitbuy referral promo: Receive $5 when you make a $250 or more deposit on Bitbuy – one of Canada’s safest crypto exchanges.
Bitbuy Referral Code: CIMG5JQZQM
Or sign up with this link to get the promo bonus: https://bitbuy.ca/en/sign-up/?c=CIMG5JQZQM
How to Buy Bitcoin on Bitbuy
- Sign up to Bitbuy
- Verify your account
- Make a deposit (Interac e-Transfer is easiest)
- Click > Express Trade to convert your $ CAD to ฿ BTC
- ‘Send‘ Bitcoin from Bitbuy to your wallet ‘Recieve‘ address
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its Bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
Blockchain Intelligence Group completed a 2021 Proof of Reserves report and verified that Bitbuy exceeded 95% cold storage mandate. Overall crypto funds in Bitbuy cold storage were 98.12%.
The desktop and app are both easy to use. Great overall exchange to use.
Bitbuy has been reducing some of its fees over the last year.
Features
- Beginners can easily buy/sell with ‘Express Trade’
- Pro Trade – full-featured trading desk for advanced traders
- 25+ altcoins
- Bitbuy Private Wealth (OTC)
Bitbuy is Recommended For
Bitbuy is a safe, legitimate Canadian crypto exchange. I have no complaints.
Easy to use crypto exchange for beginners looking to make their first purchase.
Responsive and helpful customer support that has served over 400,000 Canadian customers.
Compare Exchange Fees & Referral Bonuses
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
Compare App Ratings and Reviews
Exchange | Apple App Store Rating | Google Play Store Rating |
Shakepay | Rating: 4.6 · 20.4K reviews | Rating: 4.3 · 13K reviews |
Newton | Rating: 4.6 · 21.7K reviews | Rating: 4.5 · 7K reviews |
NDAX | Rating: 4.7 · 8K reviews | Rating: 4.6 · 2.3K reviews |
Netcoins | Rating: 4.9 · 75 reviews | Rating: 4.1 · 282 reviews |
Bitbuy | Rating: 4.5 · 6.7K reviews | Rating: 2.4 · 1.8K reviews |
Kraken | Rating: 4.7 · 8.4K reviews | Rating: 4 · 30.4K reviews |
Kraken Pro | Rating: 4.6 · 16K reviews | Rating: 4.6 · 36K reviews |
CoinSmart | n/a | Rating: 3.5 · 620 reviews |
VirgoCX | Rating: 4.4 · 315 reviews | Rating: 4.2 · 235 reviews |
Coinbase | Rating: 4.7 · 1.7M reviews | Rating: 4.6 · 854K reviews |
Wealthsimple | Rating: 4.6 · 125K reviews | Rating: 4.5 · 79K reviews |
Crypto.com | Rating: 4.6 · 46K reviews | Rating: 4.3 · 497K reviews |
Coinsquare | Rating: 4.6 · 5K reviews | Rating: 3.6 · 2K reviews |
The app review data in the above table was updated on: November 13, 2024
How to Earn $20 Referral Bonus at Bitbuy
Click Profile > Settings
Scroll down and you will be able to see your Bitbuy referral code (CIMG5JQZQM) that you can share with your friend. You’ll each receive $20 when your friend makes a $250 or more deposit. That’s $40 in free money to buy more crypto.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
Errors or corrections? Contact Us.
nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
