Bitbuy vs Coinbase Canada

• What is Bitbuy?
• Bitbuy review
• Bitbuy coin list
• Bitbuy fees
• Is Bitbuy safe?

Bitbuy is the best cryptocurrency exchange in Canada. Founded in 2016, Bitbuy has become one of the most popular exchange platforms on the market with over 350,000 registered users. This Canadian crypto exchange stands out with its low fees, excellent customer support, and easy-to-use mobile app.

Over the years, Bitbuy has focused on industry-leading security protocols, compliant regulations, and concentrated currency exchange. The crypto exchange invested heavily to store its users’ assets on robust technological solutions. It offers quick, efficient trading on famous coins like Bitcoin and Litecoin. Its portfolio also includes Cardano, Solana, and dozens of promising cryptocurrencies.

Location:	Toronto, Canada
Fiat Currencies:	Canadian (CAD)
Deposit Methods:	Interac e-Transfer, Wire transfer, Cryptocurrency at no fee
Cryptocurrencies:	Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and 20+ more

What is Bitbuy?

Bitbuy is a crypto exchange platform founded in Toronto, Canada. It began as a simple exchange in 2016. Since then, the company has continued to grow and expand its platform for its users. Today, it is a famous household name in the crypto-verse. Bitbuy is regarded as Canada’s leading crypto exchange.

Bitbuy’s crypto exchange services are exclusive to Canadians. This specialty has allowed the company to concentrate on user-friendliness and complete transparency. It is regulated by Canadian federal authorities and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), acting as a Money Service Business (MSB). Look to Bitbuy to potentially expand their business to foreign markets in the coming years.

Bitbuy review

Let’s review Bitbuy and its best features:

Bitbuy coin list

At the moment, Bitbuy supports 25 of the world’s most popular cryptocurrencies:

Bitbuy fees

Bitbuy is fully transparent with their fees, and they vary spending on the type of trade.

Bitbuy Deposit Fees

There is no charge for depositing fiat into Bitbuy. It is also free for all crypto deposits.

Bitbuy Trading Fees

The platforms trading fees are very reasonable. The trading fees for Express Trade are 1.50%. The fees for Pro Trade are also 1.50%, but they can be reduced for larger trades. Depending on the amount traded, fees may be reduced as little as 0%.

Bitbuy Withdrawal Fees

Bitbuy charges a fee for withdrawing cryptocurrency, although their rates are among the best based on industry standards. Here are the rates for a few popular coins:

Is Bitbuy safe?

Bitbuy is one of the safest crypto exchanges on the market. In 2019, Bitbuy engaged US-based blockchain forensics company Cipherblade to conduct a full audit. The public results show that Bitbuy passed in each category at a 1:1 ratio. In addition to strict regulatory compliances, Bitbuy offers multi-tiered security measures, including daily encrypted backups, 2-Factor Authentication (2FA), and mandatory KYC verification.

• How to use Coinbase
• Coinbase review
• Coinbase coin list
• Coinbase fees
• Is Coinbase safe?

Coinbase is an American cryptocurrency exchange platform founded in San Francisco. Due to its ease of use, Coinbase has grown in popularity as the largest cryptocurrency exchange in the US. The platform focuses on the most popular and respected cryptocurrencies. While they might not support the thousands of different alt-coins available worldwide, they do offer a safe place to trade more than 150 of the most popular ones.

If you are just getting started in the crypto world, you have likely heard of Coinbase. Its reputation has grown over the years since the company began in 2012. Within a decade, Coinbase has gone from a small crypto exchange to one of the most well-known platforms worldwide. In Coinbase, you can buy or sell popular coins like Bitcoin and Ethereum. Its portfolio also includes over 150 cryptocurrencies.

Location:	San Francisco, United States
Fiat Currencies:	American (USD), Euro (EUR), British (GBP)
Deposit Methods:	Wire transfer, Bank account, Debit card, PayPal
Cryptocurrencies:	Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and 150+ more

How to use Coinbase

Opening a Coinbase account is pretty straightforward. There are a few requirements, which are:

• Be at least 18 years old
• Have a government-issued photo ID
• A computer or smartphone with internet access
• A phone number for SMS verification
• The latest version of your internet browser

If none of the above are an issue, you can open an account without any problems. To get started, visit their website, enter your information, and create a password. You’ll be asked to choose a payment method to fund your account, after which you will be ready to go!

Coinbase review

Let’s review Coinbase and its best features:

Coinbase coin list

At Coinbase, you will have access to over 150 of the most popular cryptocurrencies. Here are some of the coins that Coinbase supports:

Coinbase fees

There are a few fees applied to Coinbase transactions: margin or spread fees and the Coinbase Fee. These fees vary and can be a little confusing to understand.

Margin or Spread Fees

This term is the difference you will pay between the market price and the price you pay for a purchase or receive for sale. Based on market fluctuations, the spread fee can fall between 0.5% and 2.00%.

Coinbase Fee

This additional fee is charged as either a flat fee or a percentage of the transaction. These vary upon location and payment method. This can range from $.99 to $2.99 or up to 0.4%.

Coinbase Withdrawal Fees

Whenever you remove your cryptocurrency off the network in exchange for your own fiat currency, Coinbase will take an additional 1.49%.

Is Coinbase safe?

Coinbase is one of the safest crypto exchange platforms on the market. The company uses 2-step authentication, biometric logins, and data encryption. Coinbase always suggests protecting yourself using strong passwords and enabling security functions. When it comes to an exchange platform, Coinbase is trusted by millions of people worldwide for its industry-leading security measures.

• Bitbuy vs Coinbase Currencies
• Bitbuy vs Coinbase App
• Bitbuy vs Coinbase Trading
• Bitbuy vs Coinbase Safety
• Bitbuy vs Coinbase Fees
• Bitbuy vs Coinbase Pros & Cons

Bitbuy and Coinbase are famous crypto exchanges in Canada. Both platforms lead the industry with their ease of use and many intuitive features. Bitbuy is the better option for most Canadians who need a safe, reliable trading platform. The company’s lower fee structure and added security measures will help you manage your cryptocurrency portfolio easily. Nonetheless, Coinbase offers a broad range of coins and may prove to be a solid alternative.

Let’s compare Bitbuy vs Coinbase on different aspects:

Comparison	Bitbuy	Coinbase
Location	Toronto, Canada	San Francisco, USA
Year Founded	2016	2012
Coin List	25+	150+
Fees	0% – 1.5% Maker and Taker	0% – 2.0% Maker and Taker
Trading	Buy, sell, send, receive, withdraw & exchange	Buy, sell, send, receive, withdraw & exchange
Customer Support	On-call email customer support with replies in less than 12 hours	Email customer supporting using queued ticket system
OSC Approval	First crypto exchange in Canada to be fully registered with OSC	Announced future intent to be compliant with federal law
Ease of Use	Bestfor beginners & expert traders	Best for expert traders

Bitbuy vs Coinbase Currencies

Does Bitbuy or Coinbase have more cryptocurrencies?

Bitbuy Canada
Bitbuy offers 25 most popular cryptocurrencies.
Includes popular crypto coins like Bitcoin & Ethereum.
Trades in Canadian currency (CAD) specifically tailored for those living in Canada.

Coinbase Canada
Coinbase offers 150+ cryptocurrency options.
Includes niche coins that show up-and-coming potential.
Trades in different currencies (CAD, EUR, GBD) to accommodate worldwide investors.

Bitbuy Currencies vs Coinbase Currencies

Coinbase has more cryptocurrencies than Bitbuy. You should pick Bitbuy if you are interested in trading popular cryptocurrencies in Canadian currency. You may prefer Coinbase for a more comprehensive list of crypto coin and fiat currency options.

Bitbuy vs Coinbase App

Is the Bitbuy app better than the Coinbase app?

Bitbuy Canada
The Bitbuy app is available on Android and iOS.
Has a beginner-friendly interface, especially the convenient Express Trade feature.
Advanced investors will enjoy the Pro Trade market, which includes detailed charts.

Coinbase Canada
The Coinbase app is available for iOS and Android devices.
Tailored for advanced investors who trade in high volumes.
Beginners may find the Coinbase app too complex to use.

Bitbuy App vs Coinbase App

Bitbuy has a better crypto exchange app than Coinbase. The Bitbuy app has versatile features tailored to beginners and advanced users, including features like Express Trade and Pro Trade. Some cryptocurrency experts may also enjoy the Coinbase app, which comes with useful tools like Coinbase Pro and Coinbase Hot Wallet.

Bitbuy vs Coinbase Fees

Does Bitbuy have lower fees than Coinbase?

Bitbuy Canada
Bitbuy uses a tiered fee system, which varies based on the amount of trade.
There is a 1.5% fee on smaller exchanges and 0% fee on high-volume trading.
The fee system is consistent and easy to understand.

Coinbase Canada
Coinbase uses a dynamic fee system, which varies based on your spread.
There is a spread fee between 0.5% to 2%, in addition to a Coinbase fee.
The fee system is complicated and confusing for beginners.

Bitbuy Fees vs Coinbase Fees

Bitbuy has lower fees than Coinbase if you do high-volume trading. However, Bitbuy and Coinbase have drastically different fee structures. Some investors may prefer the benefits of one system over another. Since Coinbase fees tend to be high and hard to predict, trading is typically less stressful with Bitbuy.

Bitbuy vs Coinbase Trading

Is it easier to do trading on Bitbuy than Coinbase?

Bitbuy Canada
Bitbuy has web-based and app-based trading systems.
Offers a user-friendly platform for beginners, while providing a Pro marketplace for experts.
Focus on simplicity and convenience with a specialized list of cryptocurrencies.

Coinbase Canada
Coinbase allows users to trade on web-based and app-based crypto exchanges.
Provides advanced features that will appeal to experienced investors.
Complicated fee structure may trouble beginners and casual traders.

Bitbuy Trading vs Coinbase Trading

It is easier to trade on Bitbuy than Coinbase, especially for beginners. Bitbuy has a user-friendly interface, specialized list of cryptocurrencies, and straightforward fee structures. In contrast, Coinbase’s complex features may appeal to more experienced traders.

Bitbuy vs Coinbase Safety

Is Bitbuy safer to use than Coinbase?

Bitbuy Canada
Bitbuy has industry-leading security measures, including 2FA and cold wallet storage.
Compliant with federal Canadian law, including FINTRAC registration and approval from the OSC.
Positive results with a full audit from third-party firm.

Coinbase Canada
Coinbase is a highly secure platform. Like Bitbuy, it offers 2FA and holds funds in cold wallet storage.
No reports of FINTRAC registration or approval from the Ontario Securities Commission.
Offers insurance on USD balances, damages, or theft.

Bitbuy Safety vs Coinbase Safety

Bitbuy has better security and compliance measures than Coinbase. Bitbuy has a competitive edge since it is federally compliant with Canadian law. It is FINTRAC registered and approved by the OSC, unlike Coinbase. However, users may still feel confident with Coinbase’s sophisticated security solutions.

Bitbuy vs Coinbase Pros and Cons

Is Bitbuy better than Coinbase?

Bitbuy Pros
Low trading fees
Free fiat deposits
Beginner-friendly platform
FINTRAC registered as MSB
2-Factor Authentication, SSL protection & daily encryption

Coinbase Pros
Diverse cryptocurrency options
Many fiat currencies
Expert-friendly features
FDIC-insured USD balances up to $250,000
2-step verification, cold storage & a bug bounty program

Bitbuy Cons
Only available for Canadian citizens & permanent residents
Only accepts CAD
Some niche crypto coins not available

Coinbase Cons
High trading fees
Complex fee structure
Limited staking & interest opportunities

Bitbuy Canada vs Coinbase Canada

Bitbuy is a better crypto exchange platform than Coinbase for Canadians. Bitbuy offers lower fees and a more straightforward pricing structure. Also, it has an easy-to-use interface for beginners and many advanced features for experts. In contrast, Coinbase’s unpredictable fees and complex pricing structure may only appeal to experienced investors. Despite their differences, both Bitbuy and Coinbase are among the top crypto exchanges in Canada. You can rely on either platform for quick, secure, and convenient crypto trading.