Bitbuy is a Canadian crypto exchange that’s known for providing a compliant and trader-friendly environment. The platform offers useful features while keeping its interface adaptable for all types of investors. It comes with two separate versions, which are “Express” for beginners and “Advanced” for experienced traders. It is licensed from the Canadian Investment Regulatory Organization (CIRO) and is registered with FINTRAC as a Money Services Business (MSB).
Users can buy, sell, and trade various assets along with crypto-fiat and crypto-crypto pairs. They can use their fiat (CAD) through wire transfers, e-transfers, and crypto deposits to buy assets. To cater for the needs of institutional investors, the exchange supports large transaction volumes via OTC trading. For security, it enforces cold storage, 2FA, and insurance on holdings. Other merits include instant trades, advanced order types and TradingView charts, and multi-platform support.
However, Canadian investors can access other global platforms as well. So let’s compare the top Bitbuy alternatives to see what they offer.
Top Bitbuy Alternatives
The top Bitbuy alternatives come with a slew of features along with a secure and fruitful environment. Each platform has been carefully selected based on their regulatory compliance, security measures, trading capabilities, and user experience. Whether you’re a beginner or experienced trader, these alternatives provide robust solutions for buying, selling, and managing your cryptocurrency portfolio effectively.
Crypto.com
Crypto.com is a global exchange offering a multitude of advantages to crypto investors. It is available on two different platforms offering different functionality. The app version provides basic features that are suitable for beginners. Users can use multiple trading types along with fundamental features on it.
On the web version, they can execute complex trading with high leverage, deep liquidity, order books, and charting. For security, it implements features like biometric id, two-factor authentication, and anti-phishing codes. The platform supports fiat deposits and withdrawals via bank transfers. Users can stake the native CRO tokens to earn rewards and access a lower trading fee, too.
Wealthsimple
Wealthsimple crypto exchange is a part of the Wealthsimple app that provides multiple features. It also focuses on the Canadian market, offering a wide range of attributes. Users can buy, sell, and hold several cryptos that include new as well as established ones. It’s a regulated platform that delivers custodial trading, besides clubbing it with traditional investment.
To tighten security, the exchange applies multi-layered security underpinned by various measures. Investors can access many tools and features to optimize their trades. However, they must know that its fee is higher than some other dedicated exchanges.
Netcoins
Netcoins is a regulated exchange that focuses on Canadian and US crypto markets. The platform tries to make trading adaptable for retail as well as institutional investors. It provides an intuitive experience on it website and mobile app for all users. Traders can buy and sell over 60 cryptos while being in a compliant environment. Many consider it one of the top Bitbuy alternatives
Experienced investors can utilize advanced functions like limit orders, instant trades, and API. Businesses can make the most of the OTC trading to facilitate large transactions. For security, it implements blockchain forensics, 2FA, cold storage, and bank-grade security. Also, there’s fiat deposits/withdrawals, staking, and licenses from FINTRAC (Canada) and FINCEN (USA).
VirgoCX
VirgoCX is a Canadian crypto exchange that operates in Canada and the US both. It supports the trading between various cryptos and fiat currencies (USD, CAD). Users also gain access to crypto-to-crypto and fiat-to-crypto trading for different assets. The platform is known for offering low trading fees on top of zero deposit/withdrawal charges on many services.
To prevent security lapses, it applies cold storage, multi-factor authentication, and insurance coverage. Furthermore, it’s registered with FINTRAC in the US and Canada as a Money Services Business (MSB). With a row of refined tools, an easy interface, and APIs, it serves retail and institutional investors both.
Coinsquare
Coinsquare is a leading exchange that operates exclusively in Canada. It supports buying, selling, and trading of a multitude of digital assets. The platform makes crypto more accessible for everyone with an easy interface. Traders can use Canadian dollars (CAD) through cards, wire, and Interac e-transfers for purchasing.
They gain access to an integrated wallet that facilitates swapping as well. For security, it implements cold storage, regulatory compliance, and many other robust measures. Seasoned investors can utilize advanced tools and features like portfolio tracking. Institutional investors and high-net-worth individuals can use a dedicated service called “Coinsquare Wealth”. It’s definitely one of the top Bitbuy alternatives.
Binance
Binance stands as the world’s largest cryptocurrency exchange by trading volume, offering an unparalleled ecosystem for traders of all levels. With over 600 cryptocurrencies and thousands of trading pairs, it dwarfs competitors in asset diversity, from blue-chip Bitcoin and Ethereum to emerging altcoins and meme tokens. Low fees starting at 0.1% further reduced via BNB token discounts, make high-volume trading cost-effective, while features like spot, margin, futures, and options trading cater to advanced strategies.
For Canadian users seeking Bitbuy alternatives, Binance delivers staking yields up to 20% APY on select assets, a robust NFT marketplace, and the innovative Launchpad for early token access. Its mobile app and Web3 wallet integration ensure seamless on-the-go management, backed by top-tier security including SAFU fund protection.
Coinbase
Coinbase is one of the biggest exchanges that comes with distinct products and solutions. It offers a user-friendly interface that makes crypto management simple for all. Users can buy, sell, and manage a broad array of assets with efficacy. They can easily convert local currencies into digital assets and vice versa.
It gives a “Pro” version that helps sophisticated investors access high-end tools and lower fees. The integrated wallet makes the handling of a diverse portfolio seamless. To strengthen security, the exchange acts as a custodian and applies robust measures. In addition, there’s an API, institutional-grade features, deep liquidity, reliable support, and much more. It’s surely one of the top Bitbuy alternatives.
Uphold
Uphold redefines accessibility in crypto trading with its transparent, multi-asset platform supporting over 300 cryptocurrencies, precious metals, and fiat currencies, all backed by full reserves audited monthly. Unlike Bitbuy’s narrower focus, Uphold’s “Anything-to-Anything” trading engine enables instant swaps between BTC, gold, USD, and more without hidden spreads, ideal for diversified portfolios. Competitive fees around 0.65%-1.95% and no deposit charges appeal to cost-conscious Canadians.
Security shines through its Vault feature for cold storage and insurance on digital assets, fostering trust in a volatile market. Staking rewards on ETH and others, plus a debit card for real-world spending, bridge crypto to everyday use. Uphold’s commitment to regulatory compliance, including Canada’s CSA standards, makes it a reliable Bitbuy alternative for seamless fiat on-ramps via Interac e-Transfer. Embrace Uphold’s innovative transparency and versatility, and your gateway to a borderless financial future awaits.
Newton
Newton emerges as a top Canadian crypto exchange, prioritizing user-friendly fiat-to-crypto conversions with zero trading fees on its core platform—a stark contrast to Bitbuy’s structure. Supporting 70+ assets like BTC, ETH, and SOL, it excels in instant deposits via Interac, bank wires, and e-transfers, with spreads averaging 1.5-2% that remain competitive for beginners. Its intuitive app and desktop interface streamline buying, selling, and OTC trading for up to $25,000 daily.
Backed by WonderFi and boasting SOC 2 compliance, Newton ensures robust security with 2FA, withdrawal whitelisting, and cold storage for 95% of funds. No hidden costs, transparent pricing, and 24/7 Canadian support make it a hometown hero for locals navigating regulations. For Bitbuy users craving simplicity and savings, Newton’s referral bonuses and educational resources empower confident trading. Discover Newton: Canada’s premier choice for hassle-free crypto access and long-term holding.
Bottomline: Top Bitbuy Alternatives
Being exclusively available for Canadians, Bitbuy has gained a distinct status among the traders of this nation. Its focus on compliance makes the platform a better choice for beginners and risk-averse investors. At the same time, it provides savvy features that make trading of digital assets easier. The exchange hasn’t indicated expansion in other regions so far. Therefore, it remains a dedicated and reliable option for Canadians.
But investors have other choices that come with similar or better functionality. So exploring the top Bitbuy alternatives certainly makes sense.
Frequently Asked Questions
What is Bitbuy, and who is it best suited for?
Bitbuy is a cryptocurrency exchange based in Canada that operates under a CIRO license and is registered with FINTRAC. It offers two versions: the Express version for beginners and the Advanced version for experienced traders. The platform is ideal for Canadian users who want to trade cryptocurrencies securely and in compliance with regulations.
Which Canadian crypto exchanges are top Bitbuy alternatives?
Here are some good alternatives to Bitbuy: Ndax, Wealthsimple, Netcoins, VirgoCX, and Coinsquare. These platforms offer the Canadian market features such as advanced trading tools, staking options, low fees, and strong regulatory compliance. As a result, Canadian cryptocurrency investors have a variety of choices beyond Bitbuy.
What trading features do these top Bitbuy alternatives offer?
Most of these alternatives feature advanced order types, market alerts, API access, and over-the-counter (OTC) trading for large volumes. Some of them offer staking rewards and portfolio tracking, while others strike a balance between user-friendly interfaces and advanced tools. Notably, platforms like Kraken and Crypto.com enable margin and futures trading as well.
