Is Bitbuy safe? Our 2026 review
Updated November 2026. Checked against the regulators' registers and each platform's own pages.
Who pays us: Bitbuy doesn't pay us. We have no affiliate or referral deals in place yet, so the link below earns us nothing. How we make money
Bitbuy homepage, cropped to logo and menu
What this proves: Bitbuy's fee schedule lists 0% for Interac e-Transfer deposits and withdrawals, with withdrawals capped at $2,000.
2 more screenshots of its own pages in the review below
Bitbuy is run by Coinsquare Capital Markets Ltd., an investment dealer and CIRO member. Interac deposits and withdrawals carry no fee, but Express Trade builds its cost into a spread, which its fee page doesn't size and its legal fee schedule puts at 0.5% to 3.85%, and Interac withdrawals are capped at $2,000, one every 24 hours.
- Registered as
- Investment dealer, CIRO member
- Company
- Coinsquare Capital Markets Ltd.
- Interac deposit
- No fee, $10 to $15,000
- Pro Trade fee
- 0.50% maker and taker
- Crypto protected by CIPF
- No
Good
- Investment dealer and CIRO member
- No fee on Interac deposits or Interac withdrawals
- Client crypto held in cold storage by outside custodians
- Pro Trade charges a stated 0.50% fee
Watch out
- Express Trade includes a spread; only a 0.5% to 3.85% range is published
- Bank and wire withdrawals cost 1.5%
- Interac withdrawals capped at $2,000, one every 24 hours
- 29 coins are trade-only and can't be sent to your own wallet
Opens the official Bitbuy site · Crypto is high risk and prices can fall to zero
Bitbuy has the joint 2nd lowest stated cost of 8 platforms that publish one
$5 on a $1,000 buy using Pro Trade, by its own fee page.
See every platform
- NDAX$2
- Bitbuy$5
- Wealthsimple$5
- Coinsquare$5
- Kraken$8
- Robinhood$9.50
- Webull$10
- Newtonup to $11.50
- ShakepaySpread, size not published
- CoinbaseSpread on simple buys; Advanced rate shown only after sign-in
- Crypto.comSpread on app buys; Advanced base rate not published
- Netcoins0.5% fee plus a market spread of unpublished size
From each platform's own Canadian fee pages. Full table: crypto fees compared.
Bitbuy is a Canadian crypto platform with two ways to trade: a simple Express Trade screen and a Pro Trade screen with an order book. It runs under a company that sits in the most tightly supervised group of crypto platforms in the country.
Is Bitbuy registered in Canada?
Yes, through the company that runs it. Bitbuy’s legal and regulatory page says “Bitbuy is a trade name of CIRO-regulated Coinsquare Capital Markets Ltd.” Its security page adds that Coinsquare is a member of the Canadian Investment Regulatory Organization, is registered with the Ontario Securities Commission and the Canadian Securities Administrators as a marketplace for crypto assets, and is registered with FINTRAC as a money services business. The site footer says Bitbuy is “A WonderFi Company.”
The regulators’ register lists “Coinsquare Capital Markets Ltd., also carrying on business as Bitbuy” as an investment dealer, covering both dealer and marketplace, with its latest decision dated 11 October 2024.
On ownership, a banner on Bitbuy’s homepage says “Bitbuy is now part of Robinhood,” while its footer still reads “A WonderFi Company.” The registered company hasn’t changed. Coinsquare, a separate brand with its own app, runs under the same registration: see our Coinsquare review. Robinhood’s own Canadian crypto app runs under it too: see is Robinhood available in Canada.
Bitbuy used to have its own registration, under Bitbuy Technologies Inc. The register shows that one expired after Coinsquare bought the business, with a last decision dated 30 May 2024. It also shows the registrations of Bitvo, Coinberry and CoinSmart expired after Bitbuy bought those businesses.
Investment dealer status is the higher of the two types of registration for crypto platforms in Canada. You can compare it with the other platforms on our registered list.
How Bitbuy holds your crypto
Bitbuy’s risk statement, last updated 26 August 2026, says client crypto is held “indirectly through a third-party custodian in cold wallet storage on an ongoing basis.” It names Coinbase Custody Trust Company, LLC and BitGo Trust Company, Inc. as custodians, and lists which coins each one holds. Bitbuy may also hold some of your crypto for a short time in its own hot wallet.
Bitbuy’s homepage says your crypto is “held 1 to 1” in cold storage with licensed custodians that have a combined US$680 million in insurance. The risk statement warns that insurance may not cover every loss, or may cover a loss only in part.
Coinsquare is a CIPF member, and Bitbuy says cash in your account is covered up to $1 million by CIPF. Crypto isn’t. The risk statement says your crypto “will not qualify for CIPF protection”, and that it isn’t covered by CDIC either.
What it costs to buy crypto
Bitbuy’s fee page, last updated 22 July 2026, sets out two ways of paying for trades.
Express Trade has no separate trading fee. Bitbuy’s fee page says it “generates trade quotes using a spread” without saying how big. The fee schedule in its legal pages, effective 1 October 2026, gives a range: a markup of “between 50 and 385 basis points”, or 0.5% to 3.85%, depending on order size and on market volatility and liquidity. It doesn’t name Express Trade separately or say what a given trade costs. The same schedule gives a narrower 0.5% to 1.85% range for quotes on Coinsquare Trade, its sister brand’s simple screen.
Pro Trade charges 0.50% for makers and 0.50% for takers.
Deposits and withdrawals
The same fee page lists these options for Canadian dollars. Interac carries no fee either way, but withdrawals are capped at $2,000 and you can make one every 24 hours.
| Method | Deposit | Withdrawal | Limits |
|---|---|---|---|
| Interac e-Transfer | No fee, in up to 30 minutes | No fee, within 24 hours | Deposits $10 to $15,000. Withdrawals $20 to $2,000, one every 24 hours |
| EFT (direct bank deposit) | Not covered | 1.5% | Withdrawals $20 to $100,000 |
| Wire | No fee, in 0 to 2 business days | 1.5% | From $10,000, both ways |
Moving crypto to your own wallet
Sending crypto in costs nothing. Sending it out depends on the coin. Some, such as XRP and Litecoin, carry no fee, while Bitcoin and Ethereum, among others, carry a fee Bitbuy sets “according to current network conditions and activity.” If you send crypto to the wrong address or network, Bitbuy says a recovery service may be able to get it back, for the greater of $100 or 5% of what’s recovered.
Not every coin on Bitbuy can move in or out. Its fee page lists 29 trade-only coins, including Sui and Toncoin, that “cannot be deposited to or withdrawn from your Bitbuy account.” You can only buy and sell those inside Bitbuy.
Coins and tools
Bitbuy has the simple Express Trade screen and the Pro Trade order book screen. We haven’t recorded how many coins it lists in total.
If you stake crypto, Bitbuy keeps a percentage of the rewards as commission. For Ethereum, that’s 25%.
Bitbuy’s relationship disclosure says Coinsquare doesn’t extend margin or lend money or crypto to clients.
The app
On Apple’s Canadian App Store, as of 10 November 2026, Bitbuy: Buy Bitcoin Canada is rated 4.5 from 7,375 ratings. It takes up 69 MB and needs iOS 15.1 or later. It hadn’t been updated since December 2025 when we checked. Our crypto apps comparison puts it next to every other registered platform’s app.
How to sign up
The Bitbuy pages we checked don’t set out its sign-up steps, so we haven’t listed any. As a registered platform, Bitbuy has to verify your identity under Canada’s anti-money-laundering rules. Its company is registered with FINTRAC, the agency that enforces them.
Limits
Bitbuy’s relationship disclosure says you may face yearly investment limits, depending on your income, net worth and province. It doesn’t give the amounts.
Platforms like Bitbuy
Coinsquare runs under the same company, with the same Interac fees and limits. Its fee schedule puts the spread on its main trade screen at 0.5% to 1.85%, and it lists 60+ coins. Read the Coinsquare review
NDAX charges a flat 0.20% on every trade with no spread, but Interac withdrawals cost $1.50. Read the NDAX review
Shakepay has no fee on Interac withdrawals up to $10,000, against Bitbuy’s $2,000 cap, though it only offers Bitcoin, Ethereum and USDC. Read the Shakepay review
Verdict
Bitbuy runs under an investment dealer and CIRO member, with client crypto in cold storage at outside custodians. Pro Trade, at 0.50%, is the cheaper way to trade on it, because the spread on Express Trade can reach 3.85%. Watch the $2,000 daily Interac withdrawal cap and the 29 coins you can’t send out.
Frequently asked questions
Is Bitbuy legit?
Yes. Bitbuy is a trade name of Coinsquare Capital Markets Ltd., which is registered with Canada’s securities regulators as an investment dealer and is a member of CIRO. It’s also registered with FINTRAC, Canada’s anti-money-laundering agency.
Is my crypto insured on Bitbuy?
Bitbuy says its custodians carry a combined US$680 million in insurance. That’s a private arrangement, not a government scheme, and Bitbuy warns it may not cover every loss. Your crypto isn’t covered by CIPF or CDIC, and its price can still fall.
How much does Bitbuy charge?
Express Trade has no separate fee, but its prices include a spread that Bitbuy’s legal fee schedule puts at 0.5% to 3.85%. Pro Trade charges 0.50% per trade. Interac deposits and withdrawals carry no fee, while bank and wire withdrawals cost 1.5%. Our comparison of registered exchanges shows how other platforms price their trades.
Sources
Checked 8 November 2026. App Store figures checked 10 November 2026.
- Bitbuy, homepage
- Bitbuy, fee schedule, effective 1 October 2026
- Bitbuy, fees
- Bitbuy, security
- Bitbuy, legal and regulatory documents
- Bitbuy, risk statement
- Bitbuy, relationship disclosure
- New Brunswick Financial and Consumer Services Commission, registered crypto asset trading platforms
Update history
- Reorganised into our standard review layout, with a deposits and withdrawals table. No facts changed.
- Bitbuy's legal fee schedule gives a spread range of 0.5% to 3.85% (50 to 385 basis points). Updated the fee section, which had said the spread wasn't published, and added a screenshot.
- Added that Bitbuy's homepage now says it is part of Robinhood, and linked our review of Coinsquare, its sister brand.
- First published.
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