When I want to withdraw my funds I do it through bitbuy. But recently, they’ve fallen off – especially customer support and specifically a customer service interaction with Prit who just ignored my concerns. They’re quick to take your money, let you purchase a coin but withdrawing your coins to an external wallet takes forever – hours.
The most recent audit showed that Bitbuy surpassed their own 95% cold storage policy for an average of 98.12% in the major coins. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order. Buy and sell crypto with 400,000 other Canadians on Bitbuy, a Canadian-owned cryptocurrency platform.
- I had to explain in 3 times what happened although I was specific in the original ticket.
- Express Trade offers the quickest and easiest way to trade, but you pay for that convenience with higher fees.
- If you’re a new user signing up for the first time, you’ll need to provide personal and financial information about yourself and verify your account.
Bitbuy does indeed offer a wallet service, which will enable you to store cryptocurrencies. There are a few features that make Bitbuy stand out, such as the insurance, Bitbuy express, Pro, and customer support level. The exchange is specifically tailored towards Canadian users. Their website won’t even load unless accessed from a Canadian IP address.
I was pleasantly surprised to see how many different funding options there are, and most of them are free. While Debit and Credit Cards are the quickest and most convenient, they are the most expensive way to fund your account, so I advise against using this method. Hi Shakinoor, I see that we bitbuy review responded to you withdrawal request and were able to work with you to solve the ticket. We appreciate your patience and time while we conduct our required regulatory due diligence. Established in 2016, Bitbuy is Canada’s most secure and trusted platform for BTC, ETH and other cryptocurrencies.
Be prepared to provide government-issued photo ID, a selfie, proof of residence, and proof of income. Pro Trade also offers tools for technical analysis. It displays interactive charts with candlesticks and volumes. You can look at data in specific time frames and through particular indicators.
Bitbuy vs d’autres plateformes
Support ticket was answered and the situation resolved right away. Interface is easy to use, transactions completed well within acceptable time; this is going to be my go-to site for crypto. Hi Karolina, please know that we are a regulated money service business, and we do not close our customer accounts without a valid reason. Our company created an account for the first time and needed a little guidance. We had an outstanding representative who guided us and provided immediate responses during the set up.
Bitbuy’s security providers are ISO, SOC and FIPS compliant and require all users to set up 2-factor authentication (2FA) before being allowed to execute trades.Insurance. Bitbuy exceeds its cold-storage self-mandate of having 95% of all digital assets secured in cold storage. The exchange also has a comprehensive insurance policy run through digital asset security company BitGo. Bitbuy is one of the most popular crypto exchanges in Canada, so I tested the platform to find out why. Not only does this platform stand out for its clean, user-friendly design, but it offers several easy ways to fund your account with fiat, and some of them are free.
Wallets and Security
Hi there – Please know that we do not close Bitbuy accounts without a reason! These matters are considered very carefully and we can assure you that any decision to do so would not be arrived at lightly.
Deposits can be made in all of the above fiat and cryptocurrencies. To make purchases, users must first make a deposit into their account. CAD deposits have Wire Transfer, Interac e-Transfer and Express Interac e-Transfer. Bitbuy is now also available on-the-go with their mobile app, which is available for both iOS and Android devices. The app allows users to access all of the features they use on the desktop web version, including buying, selling and transferring CAD and crypto.
At Finty we want to help you make informed financial decisions. We do this by providing a free comparison service as well as product reviews from our editorial staff. Before you can even get started trading on Bitbuy, you have to go through the rigorous verification process (which usually involves proof of identification).
My experiences with The Bitbuy Exchange…
Yes, it is perfectly legal to purchase Bitcoin in most parts of the world. Although most jurisdictions do not treat the virtual token as legal tender, you can still legally buy, sell, trade, and spend Bitcoin. It is generally viewed as a commodity that can be utilized to pay for goods and services.
I’ve been using bitbuy since 2013…
I felt very comfortable with the account manager dealing with my transaction. He pointed out all the red flags that were being presented and subsequently saved me from making a huge mistake. I placed two reviews about Bitbuy already, and for fun I just keep coming back here to see more 1 star reviews and I’m smiling.
As with most crypto exchanges, you will pay two fees on Bitbuy. The first is a markup on buys and a markdown on sells. That means you’ll always pay a little more or get a little less than the live market price when you buy and sell, respectively. Bitbuy is very fast in providing support whenever needed.
I was also disappointed to find that you can have your funds deposited directly to your account by Electronic Funds Transfer. The only options eTransfer, Wire Transfer, or transfering your crypto to an extern wallet. Companies can ask for reviews via automatic invitations.
The feature is the easiest way for users to deposit funds and buy cryptocurrency, for competitive fees %0.2. The online reputation is strong across all boards, some regard it as the number one Canadian cryptocurrency exchange. Reddit and other forums are filled with happy customers.
The reason for this is Bitbuy’s commitment to certifications, and compliance with regulations and insurers. Personally, I find Bitbuy offers the nicest platform for beginners. But if you’re an advanced trader looking for robust tools and an extensive coin list, this may not be the platform for you.
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