Bitbuy is a Toronto-based cryptocurrency exchange that began in It’s also one of the most established exchanges in the country and is helping Canadians get more access to crypto investing.
For one, Bitbuy Login is the first exchange that’s regulated by the Ontario Securities Commission (OSC.) This is similar to exchanges like Coinbase that are regulated in the United States and essentially means Bitbuy is more than just a broker and manages its own marketplace.
WonderFi, a Canadian DeFi platform, also announced its acquisition plans for Bitbuy in January 2022. And the acquisition finalized a few months later in March.
With regulation under wraps and an exciting acquisition complete, Bitbuy is establishing itself as one of the best exchanges in Canada. And, the numbers represent this fact. According to its website, Bitbuy has over 450,000 users and has seen over $4 billion in crypto flow through its platform.
If you want a quick way to purchase popular cryptocurrencies with Canadian dollars, Bitbuy is for you.
This exchange offers numerous trading features, and with a quick onboarding process and high trading limits, Bitbuy is ideal for new and experienced crypto investors alike.
If you’re new to crypto investing or want to keep things simple, you want your exchange to permit quick crypto trading.
Sure, reading charts and conducting technical analysis is great if that’s your investing style, but for many investors, simple spot trading is all you need.
With Bitbuy’s Express Trading feature, this is exactly what you get.
Once you fund your Bitbuy account with money through Interact e-Transfer or a wire transfer, you can purchase 24 different cryptocurrencies, including:
The fact Bitbuy supports popular cryptos like Bitcoin and Ethereum is a plus. However, Bitbuy has far less selection than other exchanges like Coinbase and Binance, which both support over 100 coins.
Additionally, Bitbuy doesn’t offer stablecoin trading for assets like USDC, USDT, and DAI. Stablecoins are popular for yield generation by depositing them with various crypto savings accounts, so this is another downside.
However, Bitbuy still offers many leading cryptocurrencies, which is perfect for Canadians looking to diversify their portfolios. You can also sell various cryptos you hold as well.
If you want more control over your trading, Bitbuy’s Pro Trading feature provides an alternative to simple Express Trading.
With Pro Trading, you can place market and limit orders. You also get a more comprehensive dashboard rather than just a quote screen. This provides more in-depth trading data and you can also add different indicators if you’re doing technical analysis.