The helpdesk did not provided the responses expected to my problem in the first and second times. In the end the problem got resolved but took too long for the helpdesk person to understand the issue. Bitbuy’s virtual support was very quick to respond & resolve an issue I had with some crypto I transferred going to ‘lala-land’.
Bitcoins are created by employing cryptocurrency mining methods. This consists of an intricate process that requires enormous energy and computing power, involving a computer to solve a mathematical problem with a 64-digit answer. The peer-to-peer decentralized digital token maintains a maximum supply of 21 million coins. Approximately 18.8 million bitcoins have been mined to date, leaving about 2.1 million coins left to be mined. Eighty-nine per cent of Bitcoins have been issued, and 900 new Bitcoins are produced every day. Had an issue regarding upgrade to Gold taking longer than I wanted (it wasn’t really taking that long, I was just super impatient to get going).
- Buy and sell crypto with 400,000 other Canadians on Bitbuy, a Canadian-owned cryptocurrency platform.
- I am comfortable with leaving a percentage of assets in their care.
- Pro trades occur in the advanced trading platform, and they are cheaper in terms of fees (0.1% maker fee and 0.2% taker fee).
- Keep up the good work Bitbuy.ca I recommend it 100 percent.
It makes for happy reading, these places are usually breeding grounds for disgruntled users. There is no shortage of cryptocurrency exchanges to pick from as a Canadian. Bitbuy, which tailors its entire experience to the Canadian user, is one of the most established in the market.
Withdrawal Methods & Fees
A subsidiary of First Ledger Corporation, Bitbuy is a transparent company that does not appear to conceal information from customers. The release of a new pro-trade product was recently preceded by a proof of reserve and security audit. Bitbuy originally launched in Toronto as Instabit providing a simple way to buy bitcoin, way back in 2013. Since then it has rebranded to Bitbuy, widening the operation, acquiring venture capital funding and adding to the cryptocurrency selection. Fees are extremely reasonable compared to the competition and customer support seems to be doing a very good job.
WonderFi, Bitbuy’s parent company, bought CoinSmart and user accounts were automatically transferred to the Bitbuy platform. I just signed into Bitbuy with my CoinSmart credentials and all my assets were there. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I have used Bitbuy for several years and have found their service to be reliable and helpful. The crypto market is highly volatile and Bitbuy manages this volatility while maintaining the requirements of FINTRAC.
Pro trade was added in 2019 to offer traders a live trading view and advanced orders. This feature runs a traditional order book-style trading platform similar to Binance or Coinbase Advanced. More transparency and scrutiny of their operations by regulators. If you’re a new user signing up for the first time, you’ll need to provide bitbuy review personal and financial information about yourself and verify your account. This is normal and Bitbuy needs to collect this information in order to comply with Canadian financial regulations. Also worth noting, I found the Pro Trade platform to be less intuitive and more clunky than advanced platforms on other exchanges.
Propriété intellectuelle
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Overall a solid choice if you live in Canada. As the name suggests, Bitbuy Express is a feature that enables you to purchase cryptocurrencies easily and without friction. Express will set you back a 0.2% fee for every CAD to crypto trade, and each sale will have a 0.2% fee per trade.
Login issue
While this isn’t a deal breaker for me, its more confusing and will take longer to get use to if you’re new to advanced trading techniques. When you go to the Express Trade page, choose a cryptocurrency from the dropdown menu. There is a minimum and maximum limit for CAD deposits so that traders can buy and sell at the best price.
I plan to continue to use Bitbuy, but if my transfers in the future takes as long as it did yesterday, I will use another exchange moving forward. Bitbuy’s overall mission is to simplify the trade of digital assets for all Canadians. It is a convenient Canadian cryptocurrency exchange offering over the counter (OTC), brokerage and advanced trading options. Regulated and insured, Bitbuy — streamlined for Canadian traders — gives its users peace of mind. While standard fees are comparable, Bitbuy Pro users get access to some of the most competitive fees on the market. Deposit or withdraw works perfectly on iPhone app and web.Web site is down for maintenance (2 hour).
Businesses
Join the 1,500+ businesses that trust Bitbuy Corporate Solutions to add crypto to their balance sheet. Earn up to 12.26% in rewards by staking some of your favourite coins. From asking them how to do it, to having it all done took less than 30 minutes. I didn’t even expect to hear from them until tomorrow. Fees can quickly build on Bitbuy if you are not careful. Let’s break them down to show just how much you could be paying.
Bitbuy customer support
These fees are based on a 90-day rolling trade volume ranging from 0-2% for makers, and 0.1-2% for takers. Hi Michael,Our team is working to answer all support tickets as quickly as possible during this surge in volume, and we appreciate your patience. In terms of crypto withdrawals, the only reason why they would not be sent quickly would be a pending inquiry from our compliance department. Please check your email for a letter from them in order to get your issues resolved. Express trade enables customers to buy and sell cryptocurrency with Canadian dollars.
The maximum express trade purchase is $25,000. Although if you would like to make a larger transaction the Bitbuy OTC desk is happy to help you personally. For the average user looking to use e-Transfer combined with express trade, it works out as a total fee 1.70% for a deposit and purchase. Bitbuy Wallets show you all current holdings across all currencies. The company claims to hold 95% of users funds in cold-storage (i.e. offline) to optimize security. Users are required to use 2 Factor Authentication to secure their account, this is compulsory during sign-up.
While that’s certainly not the lowest in Canada, it’s pretty close. Interac eTransfer is free and relatively quick. While it can take up to 24 hours to fund your account this way, the money was deposited into my account in less than 5 minutes.
Snipe your trades on the fly with our live order book on Bitbuy Pro Trade. Get fast automated trading with the Bitbuy API. I had feared the worst when a transfer of several hundred dollars worth of crypto didn’t appear in my Bitbuy wallet. It turns out that due to a software error the memo ID didn’t send along with my XLM.