Buy Bitcoin & Crypto in Canada

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  • Popular Exchanges to Buy Bitcoin & Crypto in Canada
  • Bitbuy
    • Fast way to buy bitcoins
    • Very high buy and sell limits
    • Can handle large buys through OTC desk
  • Netcoins
    • Crypto exchange based in Canada
    • Many payment methods available
    • Get $10 CAD upon making $100+ in trades
  • CoinSmart
    • Crypto exchange based in Canada
    • Very high buy and sell limits
    • Supports bank account, Interac, credit/debit

bitbuybitbuy Buy Bitcoin

bitbuy is a Bitcoin exchange based in Canada. You can buy bitcoins, litecoin, ethereum and other coins with Interace e-Transfer or bank wire for as low as 0.1% fees. The exchange has good support available through its live chat, or via phone & email.

We may receive compensation when you use bitbuy. Please visit bitbuy for its exact pricing terms.

Pros
  • Fast way to buy bitcoins
  • Very high buy and sell limits
  • Can handle large buys through OTC desk
  • Easy to use mobile app
Cons
  • No longer supports Flexepin
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Buy Bitcoin

NetcoinsNetcoins Buy Bitcoin

Netcoins is a Canadian exchange based in Vancouver. You can buy and sell Bitcoin, Ethereum, Litecoin and other major cryptocoins with Interac e-Transfer, online bill payment or wire.

They charge 0% on funding and FIAT withdrawal fees and .5% on trading. Customers receive support during business hours through live chat, email or phone call. Getting started and verified takes a couple of minutes.

New users will receive a $10 CAD bonus once they complete $100 in cumulative transactions.

We may receive compensation when you use Netcoins. Please visit Netcoins for its exact pricing terms.

Pros
  • Deep liquidity with no slippage
  • Instant withdrawals
  • Fully audited
  • Fast verification
  • Great customer support
  • Regulated and compliant MSB under FINTRAC
Cons
  • No mobile app yet
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Buy Bitcoin

CoinSmartCoinSmart Buy Bitcoin

CoinSmart is a Canadian exchange. It allows users to buy and sell Bitcoin and all major cryptocurrencies in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card. New users will receive $20 CAD in BTC once they deposit at least $100 CAD.

We may receive compensation when you use CoinSmart. Please visit CoinSmart for its exact pricing terms.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Somewhat new company
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Buy Bitcoin

SatstreetSatstreet Buy Bitcoin

Satstreet is a Canadian OTC (over the counter) exchange servicing individuals and businesses looking to buy in large volumes of CAD $25K or higher.

Because you are buying Bitcoin in bulk, you will pay some of the lowest fees in Canada.

We may receive compensation when you use Satstreet. Please visit Satstreet for its exact pricing terms.

Pros
  • Some of the lowest fees in Canada
  • lots of liquidity
  • Great customer service
  • Regulated and compliant MSB under FINTRAC
Cons
  • Must buy at least CAD $25k of Bitcoin
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Buy Bitcoin

CoinberryCoinberry Buy Bitcoin Read Review

Coinberry is a Canadian exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card.

We may receive compensation when you use Coinberry. Please visit Coinberry for its exact pricing terms.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Somewhat new company
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Buy Bitcoin Read Review

CoinsquareCoinsquare Buy Bitcoin

Coinsquare is Canada's largest crypto and Bitcoin exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers and SWIFT.

We may receive compensation when you use Coinsquare. Please visit Coinsquare for its exact pricing terms.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Orderbook may be confusing for new buyers
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Buy Bitcoin

MyBTC.caMyBTC.ca Buy Bitcoin

MyBTC.ca allows Canadians to buy between $50-$100,000 worth of bitcoin. ID for verification can be submitted online or done in-person at any Canada Post location nation-wide. Support available through live chat, SMS, phone or email.

MyBTC.ca payment options include the following:

  • Interac e-Transfer
  • Bank Wire
  • Cash or Debit
  • Flexepin Voucher

We may receive compensation when you use MyBTC.ca. Please visit MyBTC.ca for its exact pricing terms.

Pros
  • Easy way to buy bitcoins in Canada
  • Numerous payment methods accepted
Cons
  • High fees
  • Requires ID
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Buy Bitcoin

CoinbaseCoinbase Buy Bitcoin Read Review

Residents of Canada can use Coinbase to purchase bitcoins with a debit card. The fees are 3.99% per purchase, and your bitcoins are delivered instantly.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
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Buy Bitcoin Read Review

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Buy Bitcoin Read Review

Coinbase ProCoinbase Pro Buy Bitcoin Read Review

Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
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Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
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Buy Bitcoin Read Review

BitAccessBitAccess Buy Bitcoin

BitAccess is a Canadian Bitcoin broker and ATM operator. You can buy bitcoins with Flexepin at thousands of locations across Canada. You can also buy bitcoins with cash at one of BitAccess's Bitcoin ATMs. BitAccess is funded by the Government of Canada.

Pros
  • ID not required for smaller transactions
Cons
  • Fees start out at 10%
  • ID verification required for larger purchases
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Buy Bitcoin

CoinCornerCoinCorner Buy Bitcoin

CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to first-time buyers in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Neteller too. No verification required for purchases under £100.

We may receive compensation when you use CoinCorner. Please visit CoinCorner for its exact pricing terms.

Pros
  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and selling
  • Multi-sig security features
Cons
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Does not provide exchange prices for comparison without sign-up
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Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

BititBitit Buy Bitcoin Read Review

Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.

We may receive compensation when you use Bitit. Please visit Bitit for its exact pricing terms.

Pros
  • Unique way of purchasing offers extra privacy over other methods
  • 8% Neosurf fee is slightly better than Coinhouse's 10%
  • Available in 50 countries
  • €10,000 initial weekly Neosurf cash payment limit
  • Bitcoin gift cards also available; more expensive than other options
Cons
  • In-person buying methods offer more privacy but can be confusing
  • Identity verification required for buying amounts over €25
  • €500 initial weekly credit/debit card limit
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Buy Bitcoin Read Review

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
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Buy Bitcoin

The History of Bitcoin in Canada

The rate at which Bitcoin is gaining popularity can be seen in the increased number of people who have started investing in this digital currency. According to research, the future of Bitcoin and other digital currencies is bright, and they are probably here to stay. The price of Bitcoin in Canada is currently over $7,000 and is on the rise with each passing day.

The history of Bitcoin in Canada can be viewed in comparison with the former currencies of Canada. Canada has not legalized Bitcoins or other cryptocurrencies in the country. The bank of Canada had recently released a report that compares the time when they handled private bank notes and governments issued notes. The features of these two were seen to portray some similarity with the way cryptocurrencies operate today.

Canada has a record of being among the top digital currencies in the history of Bitcoins. There are numerous places in Canada that allow people to acquire Bitcoins. Canada has over 140 Bitcoin ATMs and 6,000 Flexipin retailers. The ATMS offer people an opportunity to exchange Bitcoin into Canadian Dollars.

Royal Canadian Mint introduced the MintChip in 2012, which was a digital currency. The currency didn’t survive as a result of the demands that arose from it as regards to the expenses that the merchant shops incurred. It was quite unfortunate that the currency didn’t win the hearts of people due to its expensive hardware. By 2016, the MinChip was bought by a private company that in turn transformed it into a smartphone app.

In 2013, a Vancouver, Waves a coffee house opened a Bitcoin ATM which was the world’s first. The government of Canada officially met with its representatives the following year as well the Canadian Committee on Banking, Trade, and Commerce.

Still, many people are yet to adopt Bitcoin as well as other digital currencies, and there is a high possibility that there will come a time when both national currencies and digital currencies will coexist.

Canada has been noted to be a Bitcoin-friendly nation. With the increase in the value of Bitcoin in Canada, several institutions have taken up Bitcoin as their payment mode for goods and services on online platforms. Toronto and Vancouver are believed to be the home of Bitcoins in Canada. The two have recorded a high rate of digital currency operations in Canada. In 2014, it was reported that workers based in Toronto preferred their salaries to be paid in Bitcoins rather than the local currency.

The bank of Canada has attempted to adopt a blockchain technology within their banking system, but this was put on hold in March 2017. This was because the bank needed to come up with solutions that could make the process more efficient. The value of Bitcoin in Canada has come a long way in the country’s economy, and it would not be surprising if it will be adopted in the near future.

Currently, the price of 1 Bitcoin is more than $7,000. This is has proven it to be a profitable investment for people. As a result, more and more people are taking up Bitcoin technology in Canada.

Stores Accepting Bitcoin in Canada

More and more Canadian Businesses are accepting Bitcoin. There are a few Canadian businesses that have adopted the use of Bitcoin.

Among the retailers is Quebec Bed-and-Breakfast. The operator David Mancini expects the payment method to particularly appeal to foreign tourists visiting the Baie-Saint-Paul community.

Vancouver saw its first Bitcoin ATM launch in a coffee shop found in downtown Vancouver last fall, and this was closely followed by Ottawa and Toronto. The ATM allows consumers to exchange their Canadian money for digital currency at the current exchange rate.

Canada’s major online retailer ClearlyContacts.ca has also started accepting Bitcoin as a payment method for the sale of contact lenses.

CEO and founder of Roger Hardy also revealed that his company allows payments in 20 currencies and Bitcoin is an addition.

The Bitcoin Alliance of Canada makes pitches to entrepreneurs as well as organizations about the digital currency. Di lorio, the executive director, has a positive view of Bitcoin. He states that the price of this digital currency will continue to rise as more and more businesses start accepting it.

Bitcoin Mining in Canada

China is viewed to be a country that is prolific at making anything including Bitcoin. It is the home to some of the largest cryptocurrency mining companies, such as the BTCC, BW, and F2Pool. This doesn’t stop others from diving into cryptocurrency mining. Canada just like other countries has taken advantage of the available space to get into Bitcoin mining.

Canada has taken up the north border for cryptocurrency mining. Quebec has over time been noted for its inexpensive power. For crypto mining to be effective, power is needed and a lot of it. It is due to this that many companies have focused on building their companies in Quebec. This is a renewable energy source in the form of hydropower which is vital to sustaining mining.

The First Public Digital Currency Company Globally

Canadian mining Company Hive made history by going public on Toronto Venture stock last year September. They launched assets into the public market to expose them to the digital currency space. They partnered with Genesis Mining which is one of the largest Cryptocurrency miners in the world and saw an increase in stock price by more than 220 percent.

The stock steadily rose from $1 to more than $6 between October and December. This triggered some interest in new companies that had their focus on Cryptocurrency mining in Canada. It was after this that Crypto Global and Hut 8 went public.

The Government’s View of Bitcoin in Canada

This is more of a legal perspective based on Cryptocurrency and the Canadian Tax Landscape.

There is no federal or provincial legislation that explicitly addresses cryptocurrencies and block chains. This raises the question of what Canadian laws apply to cryptocurrencies.

CRA-Canadian Revenue Agency declared that cryptocurrencies are taxable as commodities rather than currencies. This means that any transactions that involve cryptocurrencies will be viewed as if they are barter transactions.

On CRA’s website, the agency maintains that any good bought using digital currency must, for tax purposes, be included in the seller’s income tax. CRA has also continued to affirm that barter transactions can allow for the procurement of capital property for the purpose of Income Tax Act Part C.

Any profits gained from the sales of cryptocurrencies are characterized as capital gains. This is because only a part of that profit is taxable and at the applicable tax rate. When it comes to salary payments using the digital currencies, the amount payable will be included in the employee’s income following subsection 5(1) of the income Tax-Act.

A Noncustodial Exchange

coinberry logo


In this section we go over Coinberry, one of the best and newest exchanges to open in Canada.

Their non-custodial which means they do not hold your coins for you, making it one of the safer exchanges to use in the great white north!


You've probably heard of Coinberry.com if you're a Canada-based crypto enthusiast. The company has managed to become a well-known name in the Canadian industry in a short amount of time, featuring a full service desktop and mobile app to buy and sell coins on.


coinberry apps

Overview of Coinberry

While most crypto exchanges are only around 5 years old at this point, Coinberry is still relatively new on the market, even for those standards. The company was founded by Evan Kuhn and Andrei Poliakov less than three years ago. Poliakov has served as the company's president since its inception.

coinberry founders

The company got its start as a provider of Bitcoin ATMs in Canada. From the get-go, as Khun said to Todd Shapiro on his podcast in 2018, their main mission was to make cryptocurrencies more available to Canadian citizens. They started with their local area first.

Originally, the company only set up ATMs around Ontario, but they expanded in a matter of months. In December of 2017, just a short few months after they got their start, the company partnered with Ghost Technologies Inc and started installing ATMs outside of Ontario.

From there, their mission grew

At Coinberry we believe in an inclusive blockchain-based economy. So we set out to build a global digital financial institution of the future. And we started with the most important step: building a trusted digital asset trading platform.

Andrei Poliakov CEO & Founder, Coinberry

Coinberry Assets

Seeing how the company is still pretty new, it shouldn't come as a huge surprise that they don't have great crypto-asset coverage At the momen. As of writing, they only support buying and selling of:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Stellar (XLM)
  • Bitcoin Cash (BCH)

coinberry coins

This may be a bit underwhelming for long-time crypto users that are accustomed to more than a 5-coin offering. The team is planning to introduce more currencies down the line, but for now, these are all they have.

Coinberry Fees

One of the best aspects of Coinberry is possibly fantastic fees, to say the least. The company markets itself as a zero-fee service and wouldn't you know it, they actually stay true to their promises. These are the Coinberry.com deposit fees:

  • Initial deposit fee 0%

  • Withdrawal fee 0%

  • Trading fee 0.5%

coinberry coins

Coinberry.com Support

You'd be glad to hear that unlike most crypto exchanges online, Coinberry does have an active hotline. They do a bulk of their customer service over the phone, and if you have an emergency on your hand, this is the best and the quickest way to reach out to them.

Of course, they also have email support, so you can shoot them a question any time and they'll answer within 24 hours. Tier site has a Frequently Asked Questions section, as well as a company blog, so if you have some basic questions about their services, you can possibly find them there.

coinberry support

Coinberry.com Safety

Overall, we can safely say that Coinberry.com is a well-secured website. Some crypto users would argue that's it a bit too secure since it requires all of their users to identify themselves before they register an account.

Here are a few security measures the company officials have in place to protect their users:

1. ID Verification

Let's start with the most talked-about security feature Coinberry has.

Every user is required to verify their identity before creating an account. This can be accomplished by scanning and uploading one of your several personal documents. This can be a huge turn off for some, so keep it in mind.

2. Regulations

The company is registered as an MSB or a Money Service Business. That means, the company complies with the FINTRAC security standards.

There are only two Bitcoin exchanges that comply with these rules, and Coinberry is one of them. They've also completed an accounting audit successfully last year.

3. Security Standards

Since Coinberry is trying to function as a proper money service, they have higher security standards than most Bitcoin exchanges not only in Canada but in the whole of North America.

They have both a customer and a company fund for fiat currencies, plus they provide cold storage and 2-factor authentication as well.

Coinberry.com Pros and Cons

Since many people like to cut the chase and only see the positive and negative aspects of a crypto exchange, here we are. We've compiled a shortlist of Coinberry pros and cons you can use it when comparing it to other crypto exchanges.

Coinberry.com Pros

  • The exchange is a great option for people from Canada since they accept CAD
  • Delivery of bitcoins is instant once initial verification is complete
  • The security is always at a high level, due to identification requirements
  • Verification can be done instantly through Trans Union or Equifax
  • every user also get access to instant withdrawals for fiat currencies, which have no fees

Coinberry.com Cons

  • At the moment, it's only available to users located in Canada
  • Although it will become broader over time, the coin offering is still limited
  • The platform is pretty basic and experienced crypto investors might find it limited

Final Thoughts on Coinberry.com

Seeing how crypto exchanges are often seen as illegal market places filled with online criminals, it's quite refreshing to see a company that's trying to be 100% legit and transparent about their business. Coinberry is a serious company that runs a good, beginner-friendly operation.

You should definitely try their platform out if you're from Canada. On the other hand, you should possibly look for something else if you're living outside of the Great White North.

A Popular Canadian Exchange

bitbuy logo


Although not many people have heard of Bitbuy, they're definitely worth your time and consideration.

Bitbuy.ca is a crypto exchange aiming to give the general public access to some of the more popular cryptocurrencies.

So let's explore Bitbuy's history, business, and service

Overview of Bitbuy.ca

The company was originally founded seven years ago by Adam Goldman and Ademar Gonzalez. They are one of the oldest crypto exchanges in Canada, so you know you can trust them. For almost five years, they worked with only a small number of users, but then, they decided to expand their operations.

bitbuy pro trading view
BitBuy's order book view

In 2018, after the company receives additional funding from a PEF, Ademar left the board. He was soon replaced by Chris Ragobeer, who worked as a mobile developer and an IT project manager. It's also worth mentioning that the company is a part of the First Ledger Corp.

As a company, Bitbuy is fully transparent about their operations and actions. So much so that they've provided a link to a report about their operations, conducted by Cipher Blade. The aforementioned company provides blockchain forensics services and analyzes crypto-related business and here are their biggest findings of Bitbuy:

bitbuy proof of reserver
BitBuy's Proof of Reserves Certificate
  • Fiat Currency Holdings: Bank reports were recovered, checked, and verified by international banks. The statements were all correctly filled in the Bitbuy system.

  • Cryptocurrency Holdings: The number of assets and coin holders matched the one Bitbuy reported. Customer assets match those in Bitbuy's system.

  • Staff and Operators: Every worker in the company had their personal records checked. The company discovered that none of them had any criminal activities on their records.

Bitbuy.ca Assets

bitbuy assets
BitBuy's tradable assets

Like many other medium-size exchanges in the industry, Bitbuy.ca has a small offering of five main cryptocurrencies. These currencies are Bitcoin, Litecoin, Ripple, Ethereum, and Bitcoin Cash. They will probably expand their offering in the near future, but for now, these five coins are it.

The small offering gives you an insight into what's Bitbuy.ca best for: it's basically a gateway that allows Canadian citizens to turn their dollars into Bitcoin, Ethereum, etc. You can always connect your Bitbuy account with another exchange and use it to buy other coins.

Bitbuy.ca Fees

Although Bitbuy fees are slightly above the market average, the company makes up for with lower withdrawal and deposit fees.

bitbuy deposit and withdrawal fees
Cad fees at BitBuy

When it's all added up, the fees are quite average. Let's take a look at the standard Bitbuy.co fees:

  • 0.75% (buying rate)

  • 0.50% (selling rate)

bitbuy trading fees
BitBuy trading fees

Furthermore, if you're looking to combine express trade with e-transfer, the exchange rate is 2.5%. Again, this is not that above average, but some Canadian competitors charge less than 2% for the exact transaction. You can check their fees in more detail by visiting this page here.

Bitbuy.ca Support

When it comes to customer support, Bitbuy operatives are surprisingly efficient. While many larger and well-known names in the crypto industry will have you waiting for hours and hours for a response to a simple inquiry, Bitbuy answers almost immediately. This shows that they value their customers and want to take care of them to the best of their abilities.

There's a support hotline, which allows you to talk a Bitbuy representative in a matter of minutes. People who have something to ask urgently should use this channel. You also have email support available. They answer emails in less than 12 hours and you can expect their answer on the same day. You can check Reddit to see just how many people are satisfied with their experience.

bitbuy support
BitBuy's support desk

Bitbuy.ca Safety

There's no point in using an exchange if you're not sure whether or not it can keep your investment safe. Hackers and cyber thieves are possibly the biggest enemies of the crypto industry. Just last year, cybercriminals stole more than $40 million in Bitcoin from Binance users.

They will keep a majority of your coins in cold storage, which will keep your assets in a locked environment, away from all of those cybercriminals. The company also performs data backups on a daily basis, which makes your assets safe in case of a DDoS attack.

bitbuy security features
BitBuy's security measures

Bitbuy.ca Pros and Cons

Seeing how most people like to have all of the necessary information in one place, we've made a list of both positive and negative aspects of Bitbuy. Just take a look at these lists and compare the exchange to others if you're not sure which platform to pick.

Bitbuy.ca Pros

  • The company has a seamless reputation and is ran by reputable people

  • One of the oldest crypto platforms in Canada and even North America

  • Possibly the most transparent crypto exchange we have working today

  • It's extremely safe for use, even when compared to large Bitcoin exchanges

  • Data backups are done every day so your assets are safe even if the site crashes

  • They have some of the best customer support agents in the business

Bitbuy.ca Cons

  • It's still a small platform designed mainly for first-time crypto users

  • Although they are not below average, their fees leave something to be desired

  • The platform doesn't support any credit cards, which makes withdrawals difficult


bit buy features
BitBuy's many features

Final Thoughts on Bitbuy.ca

In such a competitive market, can such a modest company attract the interest of your average crypto user? In our opinion, it can. The company does what it advertises: gives you a simple way of exchanging your coins into Canadian dollars, and vice versa.

The organization is caring for their clients, their communication is top-notch, plus their verification process is extremely quick. Bitbuy is also safe and while their fees aren't anything to write about, they still fall in line with the rest of the market.

If you're a Canadian crypto user, you should try Bitbuy.ca out.

We hope that you found our review interesting and informative. What's the best crypto exchange in your opinion? If you have any additional questions about Bitbuy.ca leave a comment in the section below.