bitbuy review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Bitbuy suits Canadian adults who want to trade a modest coin list without paying a trading fee. Maker and taker fees both sit at 0% and 0%, and CAD withdrawals by Interac e-Transfer are free. The narrow list of 57 coins is the trade-off to weigh.
Key facts
- Best for
- Commission-free crypto trading and staking for people in Canada.
- Taker fee
- 0%↗
- Coins listed
- 57↗
- Regulators
- Canadian Investment Regulatory Organization (CIRO), Ontario Securities Commission, Canadian Securities Administrators, FINTRAC↗
- Fiat deposit methods
- Bank↗
- Maker fee
- 0%↗
- Proof of reserves
- Yes↗
- Withdrawal fee
- Crypto withdrawal fees are dynamic network fees (BTC from 0.0006, ETH from 0.005); many coins free (XRP, LTC, BCH, XLM, DASH, NEAR, ATOM, AVAX, HBAR, ALGO, BNB, HYPE); CAD withdrawals 0% Interac e-Transfer, 1.5% direct bank deposit or wire↗
- Derivatives
- No↗
- Exchange type
- Cex↗
- Legal entity
- Coinsquare Capital Markets Ltd (CCML)↗
- Headquarters
- Canada↗
- Founded
- 2016↗
- Support channels
- Help-centre↗
- Features
- Custodial, Staking
- Official website
- bitbuy.ca
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInXyoutube.com
Pros and cons
Pros
- Maker and taker fees of 0% and 0% on spot trading
- Fiat deposits run through bank transfer, keeping funding on one rail
- Proof of reserves: yes, with staking available on a custodial wallet
Cons
- Only 57 coins listed, and derivatives: no
- Support runs on help centre only
- Crypto withdrawals carry dynamic network fees, and CAD withdrawals by direct bank deposit or wire cost more than Interac e-Transfer
Who it suits
- Adults in Canada funding an account by bank transfer
- Buy and hold investors who want staking on a custodial wallet
- Traders who weigh the fee above the size of the coin list
Who should look elsewhere
- Traders after long-tail coins, where eToro and bunq list more
- Anyone wanting self-custody, since the wallet is custodial
- Derivative traders, as derivatives: no
How it compares on our data
On taker fee it ranks 1 out of 121 brands, so the cost of trading is its strongest showing here. On coins listed it sits at 97 out of 176, which leaves the choice narrow for anyone trading a long tail of assets.
The company behind it
Bitbuy is operated by Coinsquare Capital Markets Ltd (CCML), headquartered in Canada and founded in 2016. It registers with FINTRAC under number 160292 and is supervised by the Canadian Investment Regulatory Organization, the Ontario Securities Commission and the Canadian Securities Administrators. Support is limited to help centre.
How bitbuy compares
9.3 vs 9.5
9.3 vs 9.3
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 8.5
9.3 vs 9.4
9.3 vs 8.7
9.3 vs 9.2A taker fee of 1% against 0% here, alongside a much longer coin list.
9.3 vs 9.4
9.3 vs 8.7
9.3 vs 9.3
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 9.2
9.3 vs 9.0
9.3 vs 8.6
9.3 vs 8.3
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.5
9.3 vs 8.4- 9.3 vs 8.0
Where bitbuy is available
- Available
- Canada
- Licence in Canada
- Canadian Investment Regulatory Organization (CIRO), checked September 26, 2026
- Licence in Canada
- Ontario Securities Commission, checked September 26, 2026
- Licence in Canada
- Canadian Securities Administrators, checked September 26, 2026
- Licence in Canada
- FINTRAC (160292), checked September 26, 2026
Countries from the brand (checked September 26, 2026)
Frequently asked questions
What does it cost to trade on Bitbuy?+
Maker fees are 0% and taker fees are 0%, so buying and selling carry no trading commission. Withdrawals work differently: crypto network fees are dynamic, and CAD withdrawals by Interac e-Transfer carry no charge while direct bank deposit or wire costs more.
Is Bitbuy regulated?+
Yes. It is registered with FINTRAC under number 160292 and appears on the register of the Canadian Investment Regulatory Organization, the Ontario Securities Commission and the Canadian Securities Administrators. Its wallet is custodial, so the platform holds the coins rather than the customer.
How many coins can I buy?+
The listing covers 57 coins, which places Bitbuy at 97 out of 176 brands compared on coins listed. That covers the major assets, though anyone trading long-tail tokens has a narrow choice.
How do I fund and empty the account?+
Fiat deposits run through bank transfer, so Canadian dollars go in from a bank account. On the way out, crypto withdrawal fees follow the network, and several coins including XRP, LTC and BCH are free to withdraw.
Can I earn yield on my coins?+
Staking is offered, and the wallet is custodial, so the platform holds the coins while they earn and the keys stay with it. Derivatives: no, which means there is no futures or perpetuals market on the platform.
Does Bitbuy show proof of reserves?+
Proof of reserves: yes, and the exchange publishes a reserves page setting out assets held behind customer balances. That gives readers a published figure to check against balances rather than a bare assurance, and it sits alongside the custodial wallet.
Who is Bitbuy for?+
It suits adults in Canada who want plain spot trading and staking without a commission, funding by bank transfer. It suits people after long-tail coins or derivatives less well, and for anyone outside Canada needing a European bank, bunq is the closer fit.
Sources
- bitbuy.ca checked September 26, 2026
Backs: Coins listed, Derivatives, Features, Founded, Headquarters, Legal entity, Support channels
“Bitcoin BTC Ethereum ETH USD Coin USDC ... Zcash ZEC Hyperliquid HYPE”
- bitbuy.ca/en-ca/fees checked September 26, 2026
Backs: Fiat deposit methods, Maker fee, Taker fee, Withdrawal fee
“CAD deposits: Interac e-Transfer 0%, Wire transfer 0%, Direct bank deposits”
- bitbuy.ca/en-ca/proof-of-reserves checked September 26, 2026
Backs: Proof of reserves
“Bitbuy is proud to have been the first Canadian platform to publicly issue a Proof of Reserves in 2019, and we are proud to continue to release them yearly.”
- bitbuy.ca/legal/ccml-caa checked September 26, 2026
Backs: Exchange type
“You hereby appoint us to act as the custodian of the Digital Assets purchased by you ... held in trust by us for your benefit”
- ciro.ca/office-investor/dealers-we-regulate checked September 26, 2026
Backs: Regulators, Licences
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.