Bitbuy is a Canadian cryptocurrency exchange platform that was founded by Adam Goldman in Toronto, Canada, back in 2013.The platform is suitable for Canadian citizens only and is considered to be one of the most popular and leading crypto exchange platforms in the country.. Bitbuy was originally called InstaBT. Wire payment (over $10,000 - $250,000 max per day) - 48 hours max. Here are our official timelines and limits for CAD withdrawals. What is Bitbuy? Bitbuy only accepts deposits in CAD and the supported cryptocurrencies. This is true but only on the exchange side. Interac e-transfer (up to $10,000 per e-transfer and per day) - 24 hours max. The trading fees are competitive when you use the “Pro Trade” platform and cost 0.10% when you place limit trades and 0.20% when you place a market order. If you use Express Trade for its one-click functionality, you pay 0.50% for buy and sell orders. Last updated 8/27/19. As mentioned earlier, one of Bitbuy’s best features is that it offers two distinct trading platforms that aim to please traders with different levels of expertise – an Express and a Pro Trade Platform. Bitbuy's advantage is their Pro Trade which lets you set limit orders and see the order book. Bitbuy.ca CAD withdrawal times. Bitbuy Exchange Cons. Why Is There A Maximum Per Trade? Bitbuy enables withdrawals and deposits in all supported digital currencies. Bitbuy Review: The Company’s Background. For both wire transfer and Interac e-Transfer, the exchange platform charges a withdrawal fee of 1.5%. Bitbuy was founded in 2013. Bitbuy is a digital currency platform based in Canada and founded in 2016. How do I buy cryptocurrency on Bitbuy? How do I set up or cancel a limit order in the mobile app? How do I sell cryptocurrency on Bitbuy? Bitbuy also charges withdrawal fees, which depend mainly on the type of payment method you choose. Bitbuy Fees. This post covers everything you need to know about it before using the service. Bitbuy is one of the more popular services for buying Bitcoin in Canada. Year founded. Bitbuy Trading Services. Users can perform deposits and withdrawals to their Bitbuy account using Cryptocurrencies and the CAD fiat currency. The limits will largely depend on your payment method, with the largest deposit you can make being $500,000. There was some misinformation in another thread about our CAD withdrawal process and times. If you were going to be withdrawing your … Deposit methods include cryptos, bank wire transfer, and Interac e-transfer. Deposit and withdrawal. When it comes to withdrawal of cryptocurrencies, Bitbuy says that these are free. Deposits and withdrawals using CAD fiat have fees as follows: Bitbuy Review Summary. Bitbuy allows users to buy and sell various forms of cryptocurrencies. Expedited bank transfers and Express Interac e-transfers are the most expensive, charged at 3.00% and 3.50%, respectively. Why is my price higher/lower than the Buy/Sell Price on … Overall, Newton has much lower fees than Bitbuy. Newton has a pro version as well but it's currently in beta. Bitbuy supports deposits and withdrawals via e-transfer or wire transfer while many other cryptocurrency exchanges only support wire transfers. In the “About Us” section on the Bitbuy website, there is no further information regarding the founders of the exchange; however, the site does mention that it complies with all Canadian laws. As of March 01, 2021, it will cost you 0.69% to buy Bitcoin on Newton and 2.29% on Bitbuy. Bitbuy Review – A Beginner’s Guide. How do I sell using a limit order on Bitbuy Pro Trade? In the below screenshot, you can see the minimum and maximum deposit/withdrawal limits for your Bitbuy account. Bitbuy is a division of First Ledger Corp, which is a Toronto based blockchain and digital currency company. Bitbuy’s overall mission is to simplify the trade of digital assets for all Canadians. Cryptocurrency withdrawals, however, have a maximum limit of $10,000. They are still likely to apply a network or miner fee to your transaction so you should keep that in mind. Withdrawal Fee; Bitbuy also charges varied withdrawal fees depending on the payment method used in withdrawing funds out of the Bitbuy trading account. Just like the deposit, each of these payment methods has a minimum and maximum deposit limit. It’s different than many exchanges in that it directly supports and services Canadian customers who need to buy, sell, withdraw, and deposit funds denominated in Canadian dollars. Newton also has more coins and a better sign up bonus. Methods include cryptos, bank wire transfer while many other cryptocurrency exchanges only support wire transfers charges fees! 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