Bitbuy Review 2026 - Regulated Canadian Crypto Exchange

Overview

Bitbuy is a Canadian cryptocurrency exchange founded in 2016 and headquartered in downtown Toronto. It is one of Canada's longest-running crypto platforms and is now part of Robinhood, following Robinhood's acquisition of Bitbuy's parent company WonderFi. The platform says it serves more than 900,000 Canadians and has processed over $7 billion CAD in trades.

Canada-First Regulation

Bitbuy is registered with the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) as a registered marketplace and restricted dealer, and it is registered with FINTRAC as a money services business. For Canadian traders, that combination of provincial securities registration and federal anti-money-laundering registration is among the strongest oversight available from a domestic platform.

Two Ways to Trade

Bitbuy offers a simple Express Trade flow where the cost is built into the quote spread, and Pro Trade, an order-book interface with TradingView charting for users who want limit orders and tighter pricing. Pro Trade charges 0.50% maker and taker fees, while Express Trade spreads typically range from around 0.5% to 1.85% depending on the asset.

Funding in Canadian Dollars

Accounts are funded in CAD by Interac e-Transfer, bank wire, credit or debit card, and Apple Pay. Interac e-Transfer and bank-wire deposits are free, with Interac transfers starting at a $20 CAD minimum; wire withdrawals carry a 1.5% fee. Cryptocurrency deposits are free.

Beyond Spot Trading

Alongside spot trading in major assets such as Bitcoin, Ethereum, Solana, XRP, Cardano, Dogecoin and Chainlink, Bitbuy offers staking on selected coins, an OTC desk (Bitbuy Alpha) for large orders, and iOS and Android apps that support both trading modes.

Pros & Cons

Pros

Registered with the OSC and CSA as a marketplace and restricted dealer
FINTRAC-registered money services business for AML compliance
Part of Robinhood following its acquisition of Bitbuy's parent company WonderFi
Free CAD deposits by Interac e-Transfer and bank wire
Express Trade for beginners, Pro Trade with TradingView charting for advanced users
Bitbuy Alpha OTC desk for large orders, plus staking on selected assets
Trusted by 900,000+ Canadians with over $7 billion CAD traded

Cons

Express Trade costs are built into the spread (roughly 0.5% to 1.85%), so simple trades cost more than the order book
Pro Trade fees of 0.50% maker and taker are higher than many global exchanges
1.5% fee on bank-wire withdrawals
Built for Canadian residents, so it is not an option for traders elsewhere

Frequently Asked Questions

Is Bitbuy regulated?

Yes. Bitbuy is registered with the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) as a registered marketplace and restricted dealer, and it is registered with FINTRAC as a money services business.

Who owns Bitbuy?

Bitbuy's parent company, WonderFi, was acquired by Robinhood, so Bitbuy is now part of Robinhood while continuing to operate as a Canadian crypto platform.

What are Bitbuy's trading fees?

Pro Trade charges 0.50% for both maker and taker orders, while Express Trade builds the cost into the quote spread, typically around 0.5% to 1.85% depending on the coin. Interac e-Transfer and bank-wire deposits are free, and bank-wire withdrawals carry a 1.5% fee.

How do I fund a Bitbuy account?

Canadian dollars can be added by Interac e-Transfer, bank wire, credit or debit card, and Apple Pay. Interac e-Transfer and bank-wire deposits are free, and Interac transfers start at a $20 CAD minimum.

What can I trade on Bitbuy?

Bitbuy offers spot trading in major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, Cardano, Dogecoin and Chainlink, along with staking on selected assets and an OTC desk (Bitbuy Alpha) for larger orders.