Bitbuy vs Bit: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bitbuy and Bit This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bitbuy

Bit

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Available Countries

United States

Europe

Latin America

India

China

Canada

Yes

United Kingdom

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Bitbuy is ideal if:

Great for Canadian beginners — Bitbuy offers a secure, intuitive Express platform that makes getting started with crypto fast and simple.
Suitable for semi-experienced traders — The Pro Trade interface delivers advanced charting and order tools without overwhelming complexity.
Strong regulatory and security setup — Built for reliability, it operates under Canadian oversight with features like cold storage and third-party auditing, giving peace of mind.

Bit is ideal if:

You want access to a professional-grade platform with advanced derivatives and options for major cryptocurrencies.
You prefer a unified margin account that simplifies collateral management across spot, futures, and options.
You value institutional-level liquidity and infrastructure backed by a reputable global crypto finance group.

Bitbuy isn’t ideal if:

Not for global users — Bitbuy serves only Canadian residents, so anyone outside Canada won’t be able to access the platform.
Limited coin selection — Only offers a curated set of well-known cryptos, making it unsuitable if you want exotic or niche altcoins.
No advanced or passive tools — Lacks features like derivatives, leverage, margin, staking, or investment programs for more dynamic strategies.

Bit isn’t ideal if:

Fees & Total Costs

Spot Maker/Take

Bitbuy does not offer tiered pricing or native-token discounts; Express trades use a built-in spread instead of explicit fees, while Pro trades have a simple flat maker/taker rate around half a percent each.

BIT uses a tiered fee structure where maker and taker rates decrease as your 30-day trading volume increases, and some users benefit from additional discounts by using the platform’s native token to pay fees.

Futures/Derivatives

Bitbuy doesn’t support any futures or derivatives trading, so maker, taker, or funding costs for these aren’t applicable.

Futures trades follow a similar tiered model with both maker and taker fees declining as your volume grows; funding rates are dynamic and reflect real-time market demand but are transparently displayed on the trading interface.

Average Spreads on Liquid Pairs

While Bitbuy doesn’t list spreads in conventional terms for those USD-pegged pairs, its Express trades embed a typical markup in the range of mid-single digits in basis points, reflecting the convenience rather than live order-book spreads.

On highly liquid pairs like BTC/USDT and ETH/USDT, typical spreads are very tight, thanks to strong liquidity and professional market infrastructure—even though exact values aren’t publicly listed, they remain consistently narrow.

Fiat Deposits & Withdrawals

Fiat deposits are free via Interac e-Transfer or bank wire, and withdrawals via Interac normally cost a modest flat amount and arrive within 1–2 business days, with wires carrying a small percentage markup.

BIT’s fiat support is limited, and where offered (e.g. via partners), deposit and withdrawal options—such as bank transfers—exist but with general processing times of hours to days and no fixed fee details publicly disclosed.

On-chain Withdrawals

Withdrawals of crypto like BTC and ETH use dynamic fees tied to network demand, while certain assets—such as XRP, LTC, BCH, XLM—are free to withdraw on-chain.

Crypto withdrawals incur network-based fees that adjust dynamically per blockchain (e.g., BTC, ETH), instead of a flat rate—this means actual costs vary in real time according to network congestion.

Hidden Costs

Bitbuy applies an FX spread when converting between CAD and USD-denominated coins, charges no inactivity fees, and doesn’t upsell expedited KYC—a fairly transparent cost model overall.

There may be subtle costs like currency conversion when trading non-supported stablecoins, inactive account fees, or expedited KYC processing—but BIT emphasizes transparency, and these are minimal or avoidable through regular activity.

Real-World Cost Example: “€500 BTC

If you purchased €500 worth of BTC via Express Trade, your cost would include the embedded spread (~0.5–1.5 %), then a dynamic on-chain network fee at withdrawal—so you’d pay the spread margin plus the miner fee at the time, with no extra platform markup.

A €500 BTC purchase would include the spot fee (based on your VIP tier), a tight spread typical for Bitcoin, and an on-chain withdrawal fee that fluctuates with network conditions—all combined to present a total cost that remains competitive and transparent.

Crypto Offering & Trading Features

Number of Coins & Pairs

Bitbuy lists approximately 60 cryptocurrencies, offering a modest selection that includes major coins but lacks deep altcoin variety; around 28 trading pairs are active, dominated by top-volume assets like BTC, ETH, ADA, SOL, DOT, and MATIC.

BIT lists over 130 cryptocurrencies and around 160+ trading pairs overall, with the top 20 by volume including BTC/USDT, ETH/USDT, SOL/USDT, PEPE/USDT, XRP/USDT and others leading daily activity.

Product Range

Bitbuy supports only spot trading and a staking product—no margin, perps, options, ETFs, lending, copy trading, grid bots, or automatic DCA features are available.

The platform supports spot, perps (futures), US dollar–settled options, convert/swap, savings/earn, copy trading, block trades, and automated rebalance strategies— all unified under their single account model.

Liquidity

While exact figures aren’t publicly available, the platform’s primarily Canadian user base suggests moderate liquidity with sufficient depth for typical retail trades in BTC and ETH, though volume trails large global exchanges.

BIT provides high liquidity and deep order books in major pairs like BTC/USDT and ETH/USDT, backed by institutional infrastructure, yielding tight spreads and strong execution even under heavy volume.

Tools

Bitbuy’s Pro Trade interface includes limit and market orders (plus OCO-style functionality via stop/limit combos), integrated TradingView charts, and API access—but it doesn’t offer price alerts or native WebSocket streaming.

Traders can use limit, market, and OCO orders, set alerts, access advanced charting, leverage TradingView integrations, and connect via robust API/WebSocket endpoints.

Geographic Restrictions by Product

All Bitbuy services—including staking and spot trading—are exclusively available to Canadian residents; no products or features are offered to users living outside Canada.

Certain products such as derivatives (futures and options) are restricted in several jurisdictions—including the United States and parts of Asia—depending on local law and platform policy.

Innovation

Bitbuy doesn’t provide launchpad or launchpool services, and its staking setup follows a locked model tied to network bonding and unbonding periods, with no flexible-earn alternatives in place.

BIT continuously launches new offerings like launchpad-style products, evolving earn features with flexible and locked staking options, and expanding USD-settled options across various assets.

Security, Regulation & Custody

Operating Entity & Jurisdiction

The platform operates under Coinsquare Capital Markets Ltd (CCML), a Canadian CIRO-regulated brokerage, and Bitbuy Technologies Inc. is also overseen by the Ontario Securities Commission—all anchored in Toronto since around 2016.

BIT is operated by a Seychelles-registered entity established around 2020, headquartered in that jurisdiction, leveraging offshore incorporation to serve a broad global clientele.

Licenses/Registration

Bitbuy holds a Money Services Business (MSB) registration with FINTRAC, CIRO dealer and marketplace member status via CCML, and limited dealer approval from the OSC—making it one of Canada’s most formally regulated crypto platforms.

It’s registered under the Seychelles Financial Services Authority (FSA) as a crypto-service provider, though it does not hold equivalent licenses under EU MiCA or major markets like the U.S.

Custody

own vs third-party; Proof of Reserves; audits; cold storage

Client funds are predominantly held in multi-signature cold storage across multiple continents with institutional-grade encryption; BIT is working toward combining both proof of reserves and proof of liabilities using Merkle-tree verification to enhance transparency.

Insurance & Protection Funds

They leverage BitGo’s institutional insurance, hold a financial institution bond over fiat deposits, and carry additional crime-theft coverage atop the standard custody insurance.

The platform maintains an internal insurance fund—designed to absorb losses in extreme market conditions and support its liquidation system as a layer of fund protection.

Incident History

Bitbuy has not suffered any known hacks or major security breaches, nor has it faced regulatory sanctions—indicating a clean operational track record to date.

BIT has maintained a clean track record with no publicly reported hacks, service suspensions, asset freezes, or regulatory penalties to date.

Risk Controls

The platform enforces strong protections including two-factor authentication, ISO/SOC-compliant infrastructure, routine audits, and closed-source core systems; it also supports API access with granular controls.

Security measures include mandatory two-factor authentication (2FA), IP and withdrawal whitelists, anti-phishing safeguards, and support for sub-accounts and granular API permissioning to manage operational risk.

Transparency

Bitbuy publishes a Trust Centre showing daily asset balances and trading volumes, delivers annual Proof-of-Reserves audits, and offers access to financial summaries upon request—providing a high level of openness.

While BIT does not publish monthly audit reports or public wallet lists, it provides insurance fund status updates and aims to establish tools for verifying reserves and liabilities, offering growing transparency to users.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Bitbuy accepts CAD via Interac e-Transfer (minimum around $20, processed typically within 24 hours) and bank wire transfers (higher minimums around $10,000 with 2–3 business days for processing); deposits by e-wallets or cards aren’t supported.

BIT supports fiat deposits via bank transfer, credit/debit cards, and e-wallets depending on your region, with minimums and maximums and processing times clearly shown on the deposit screen once you initiate the flow.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Bitbuy requires full KYC from all users—there’s no tier without verification; limits are applied based on investor classification (Basic, Retail, Eligible, Accredited), where only certain tokens or profiles are exempt from annual purchase caps.

The KYC framework includes levels like “Basic” and “Advanced” (or equivalent), where unverified users face strict limits or no fiat access, and completing higher KYC tiers unlocks full deposit, withdrawal, and product access.

Withdrawals

Crypto withdrawals are allowed across various networks with dynamic network-based fees; fiat withdrawals via Interac and wires follow the relevant limits and timelines, with no support for TRC20/BEP20 network options.

Limits, Timing & Networks

Customer Support

Bitbuy offers support via email and ticket system accessible through their Help Center, generally responding within a day—but there’s no live chat or phone support channel.

BIT offers 24/7 live chat and email support, with a comprehensive help center filled with FAQs and guides; response times vary but generally are prompt—especially for basic queries.

Languages & Localization

The interface is natively English; fees are displayed solely in CAD—there’s no EUR or USD display option, and all operations comply strictly with Canadian regulatory standards.

The platform is native in English (and often other major languages), shows pricing and fees in local currencies like USD/EUR, and tailors certain services according to regional regulatory compliance.

App Quality & Stability

The Bitbuy mobile app for iOS and Android is well-regarded for its ease of use and timely updates, though some users report occasional performance or stability concerns on Android.

The BIT mobile app is regularly updated on both iOS and Android, designed for smooth performance with minimal crashes, and offers a clean interface that mirrors the web experience.

Experience, Performance & Ecosystem

UX/UI

Bitbuy offers a streamlined “Express” mode that’s ideal for novices thanks to its simplicity, while the “Pro Trade” interface unlocks advanced tools and charting—making it easy for users to transition from basic to more sophisticated trading as they grow in confidence.

The interface is clean and beginner-friendly, offering an intuitive experience without overwhelming the user—advanced options are accessible but smoothly integrated, helping you transition as you grow.

Performance

The platform is known for a stable experience with minimal delays on routine trades; though during peak volatility or bull-market surges, users have occasionally observed minor order latency and extended verification waits, especially during high signup spikes.

BIT’s matching engine delivers ultra-low latency (under 50 ms), ensuring fast order execution; systems remain stable even during volatility spikes, with KYC processes generally unaffected by market surges.

Education

Bitbuy furnishes a rich educational hub featuring guides, tax breakdowns, and security tutorials, yet lacks a hands-on demo or simulator environment, and all materials are presented primarily in English without Spanish-language support.

While BIT doesn’t have a dedicated academy or simulator, it offers in-platform guides and multilingual content (including Spanish), helping users understand features without external research.

Community

Bitbuy maintains a referral program to reward users for bringing in new traders, but it doesn’t foster a public community hub, nor does it host official Discord or Telegram groups—relying instead on its blog and support channels for outreach.

Users can connect via BIT’s official Telegram and referral programs, enabling peer interactions and rewards, though there’s currently no full-fledged forum or Discord hub.

Integrations

The Pro interface is baked with native TradingView charting for technical analysis, plus API access for external bots and automations, though there’s no direct integration with tax preparation or accounting platforms.

Charts on BIT include TradingView integrations, and the platform supports external tools like copy trading strategies and some basic tax/accounting exports, though comprehensive third-party bot support is limited.

Who Each One Is Best For

Bitbuy is a standout choice for Canadian investors who value regulatory clarity, security, and intuitive progression from beginner to advanced trading, but it may fall short for power users seeking demo tools, multilingual instruction, deeper integrations, or broader community engagement.

BIT is ideal for those seeking a straightforward yet powerful trading platform—great for beginners who appreciate clarity and for intermediate users who want solid tools without a steep learning curve.