BitBuy was created back in 2013 in Canada. Then, the main goal for its creators was simple – to introduce Canada with the world of trading cryptocurrencies. Back then, crypto trading was new and lesser known activity, and there were a lot of people who were skeptical about engaging with it. Luckily, Adam Goldman and Ademar Gonzalez decided they would swim against the tides and do it anyway, by creating a brand that was then known as InstaBT.
As time passed, the company was able to improve together with the fast paced trading environment. As a result, BitBuy was born – a prime spot for trading Bitcoin and other cryptocurrencies. BitBuy is designed as a subsidiary for First Ledger Corporation, with the number one goal in mind being complete transparency of information with their clients. As a result, BitBuy has been successfuly attracting clients for 7 years now.
The company’s image was established even firmly when they announced that they are joining the high-profiled Financial Transaction and Reports Analysis Centre of Canada (FINTRAC). The company is also fully regulated by the country’s Federal Authority.
BitBuy was primarily created for the Canadian customers, which excludes a wide majority of other clients looking to get into the crypto trading business. The downside when it comes to the BitBuy account creation is that it takes quite a while to process all your information and verify the account itself. Some may see it as a good thing, considering that it adds to your safety. Also, there are no different account packages, but you can choose between 2 types of trading platforms, which we will cover in the following passages.
BitBuy takes special effort towards keeping their clients updated with the latest news and economic events. Also, it is equally dedicated to traders with different levels of education and proficiency, which not a lot of brands today can say. Here, you can find a variety of different educational tools.
From eBooks to video tutorials and interactive instruments, you can find a lot about the basics of market trading and crypto exchange. On the other hand, if you have had previous experience, you will enjoy some more advanced trading tools and methods such as the technical and fundamental analysis, in-depth market data and more.
BitBuy has provided a web-based platform to its users, which is quite appealing and user-friendly. Also, it is equally astounding whether you are accessing it through your PC or mobile device. The simplest way to use it is to simply deposit your money in Canadian Dollars and trade away. However, the platform does support other major currencies such as USD and EUR, but they come with some additional fees.
Just last year, the company has added a new platform mode aside from the basic one – Pro trading platform. This type is a bit more advanced and provides a lot more details about each one of your trades. As the name would suggest, it is more suitable to the experienced traders, but who’s to say you won’t be using it someday with them? This platform is brought to you by Tradeview software, which gives you an insight into detailed technical analysis and other key tools.
BitBuy crypto exchange has provided a lot of channels of communication for their users, from emails and phone numbers to the live chat option. Also, the response is quite fast and friendly, which is common for their customer support agents. What we can gather from this section is that BitBuy likes to use social media the most. There, they can directly engage with the users and listen to their comments and requests.
There are several ways to make a deposit to your account, and they include a variety of e-wallets that support cryptocurrencies, of course, as well as the expedited wire transfers. The credit and debit cards are unfortunately not available, and the time to process your request can go up to 5 days. Also, there are different fees to consider depending on the payment method of your choice:
In our BitBuy review we come to the conclusion that this is a reliable crypto exchange. The only downside is that they don’t accept clients outside of Canada, which is a shame considering that it is has a lot of benefits for crypto traders, from tradable assets to educational tools.