Is Bitbuy regulated in Canada?

Yes, Bitbuy is registered as a Money Services Business (MSB) with FINTRAC and follows all Canadian anti-money laundering and know-your-customer regulations. They are also compliant with provincial securities regulations.

What payment methods does Bitbuy accept?

Bitbuy accepts Interac e-Transfer, bank wire transfers, and cryptocurrency deposits. Interac e-Transfer is the most popular method for Canadian users due to its speed and convenience.

How long do transactions take on Bitbuy?

Interac e-Transfer deposits are typically processed within 1-2 hours during business hours. Cryptocurrency purchases are instant once funds are available. Withdrawals to Canadian banks usually take 1-2 business days.

What are Bitbuy's fees for Canadian users?

Bitbuy charges a 0.5% trading fee for instant transactions and 0.2% for scheduled transactions. Interac e-Transfer deposits are free, while wire transfers may incur banking fees. There are no withdrawal fees for cryptocurrency.

Back to Exchange Reviews

Regulated Centralized Exchange

Bitbuy Review 2026

Item: Bitbuy
Rating: 4.2
Author: Dan Carlson

★★★★☆

4.2/5.0

Verified Canadian Review

Visit Bitbuy Official

Investment involves risk. This link contains an affiliate code used to support our independent reviews.

1Overview

Bitbuy is a Canadian cryptocurrency exchange that focuses on ease of use and regulatory compliance, ideal for beginners.

Pros

Bitbuy is specifically designed for Canadians, with full regulatory compliance and local banking integrations for seamless CAD transactions.
Clean, intuitive interface that makes cryptocurrency trading accessible for beginners while still offering essential features.
Canadian-based customer support team that understands local banking and regulatory requirements.

Cons

Smaller selection of cryptocurrencies compared to international exchanges, focusing mainly on major coins.
Trading fees of 0.5% are higher than many international competitors, though competitive within the Canadian market.

Final Verdict

Bitbuy stands out as the premier Canadian-built cryptocurrency exchange, offering unmatched local integration with Canadian banking systems and regulatory compliance. While the cryptocurrency selection is more limited than international exchanges and fees are slightly higher, the platform excels in providing a secure, user-friendly experience specifically designed for Canadian investors. For Canadians prioritizing local support, regulatory compliance, and ease of use over vast selection and ultra-low fees, Bitbuy represents an excellent choice for entering the cryptocurrency market.

2Key Features

Supported Cryptocurrencies

Bitbuy supports over 25 cryptocurrencies for trading.

Payment Methods

Interac e-Transfer
Bank Wire

User Interface & Experience

The platform offers a user-friendly interface designed to make cryptocurrency trading accessible.

Unique Features

CAD Trading Pairs

Interac e-Transfer Integration

Mobile App for iOS & Android

Automatic Recurring Purchases

Canadian Tax Reporting

Cold Storage Security

Educational Resources

Mobile App

★★★★☆

4.2/5 App Rating

Mobile app available for iOS and Android with core trading functionality.

Step-by-Step Guide: How to Use Bitbuy

Visit Bitbuy.ca and click 'Sign Up' to create your account
Enter your email address and create a secure password
Verify your email through the confirmation link
Complete identity verification with Canadian government ID
Link your Canadian bank account for Interac e-Transfer
Make your first deposit using Interac e-Transfer
Navigate to 'Buy/Sell' section once funds are available
Select Bitcoin and enter the amount in CAD you want to spend
Review the transaction details including fees
Confirm your purchase to complete the Bitcoin transaction

3Security

Regulated Centralized Exchange

Security Features

95% of Funds in Cold Storage

Multi-Signature Wallets

Two-Factor Authentication

SSL Encryption

Regular Security Audits

Compliance with PIPEDA

Segregated Customer Accounts

As a centralized exchange, Bitbuy maintains custody of user funds during trading. This means they implement various security measures to protect your assets.

Security Best Practice

Even with strong exchange security measures, it's recommended to use hardware wallets for long-term storage of significant crypto holdings.

4Fees & Limits

Trading Fee Structure

Spot Trading

Maker Fee:0.1%

Taker Fee:0.2%

Deposit Methods & Fees

Interac e-Transfer:Free

Bank Wire:Varies by bank

Withdrawal Fees

Bitcoin (BTC):0.0005 BTC

Ethereum (ETH):0.01 ETH

Other cryptocurrencies:Varies by coin

Fees are subject to change. Always check the official Bitbuy website for the most current fee structure.

5User Testimonials

★★★★☆4.3

"Bitbuy makes buying crypto so easy for Canadians. The Interac e-Transfer integration works perfectly, and I love that it's a Canadian company that understands our banking system. Fees are fair for the convenience."

- Jennifer Adams

★★★★☆4.1

"Perfect platform for Canadian beginners. The interface is clean, customer service is helpful, and everything is in CAD. I wish they had more altcoins available, but for Bitcoin and Ethereum, it's excellent."

- Paul Richards

★★★★☆4.0

"I've been using Bitbuy for over two years and it's been consistently reliable. The tax reporting features are helpful during tax season, and I appreciate the Canadian regulatory compliance."

- Amanda Foster

6Frequently Asked Questions

7How Bitbuy Compares

Feature	Bitbuy	Bitget	Kraken	NDAX
Trading Fees	0.1% / 0.2%	0.1% / 0.1%	0.16% / 0.26%	0.2% / 0.2%
Supported Coins	25+	600+	150+	30+
Payment Methods	2	3	3	2
Rating	4.2/5	4.7/5	4.3/5	4.6/5

Compare More Exchanges

Quick Facts

Exchange Type

Centralized

Founded

2013

Headquarters

Toronto, Canada

Available in

Canada Only

User Base

375,000+

Currencies Supported

25+

Trading Fees

0.1% / 0.2%

Payment Methods

Interac e-Transfer, Bank Wire

Best For

Easy to use

Visit Website

Our Rating

4.2

out of 5 stars

User Experience4.8/5

Fees4.5/5

Security4.7/5

Customer Support4.2/5