Bitbuy Referral Link: Get $50 Welcome Bonus - Comparewise
Bitbuy Referral Link: Get $50 Welcome Bonus

Bitbuy Referral Link: Get $50 Welcome Bonus

Getting started with cryptocurrency investment can seem like a really daunting task. Many people don’t fully understand what cryptocurrency is, let alone how to trade it, so they have to do a degree of research before they even decide on a cryptocurrency trading platform. Then when it comes time to choose your platform, there are so many to choose from that it’s overwhelming.

But Bitbuy is different. They have a slew of features that make buying and trading cryptocurrency a breeze. But their best promotion is their referral program. We’ll tell you everything you need to know about Bitbuy and how to use a Bitbuy referral link in this article.

Claim Your Welcome Bonus Bitbuy 50 Welcome Now - Comparewise

What is Bitbuy?

Of course, before you use a Bitbuy referral link you need to know what Bitbuy is. Bitbuy is a Canadian cryptocurrency trading platform with headquarters in Toronto.

Bitbuy makes sure that it stands out in a sea of other cryptocurrency trading platforms by providing low fees, a user-friendly platform navigation experience, and excellent customer support. Potential customers are often excited to learn that Bitbuy has heavily invested in security measures to keep your assets and information safe, and that they allow you to trade with low spreads.

Bitbuy’s Reputation

Many people prefer to learn about a company before they make a decision, and that makes a lot of sense in the case of a cryptocurrency trading platform. So we’ll tell you a bit about Bitbuy’s reputation online so you can make your own decision about whether Bitbuy is for you and if you want to use our Bitbuy referral link.

Bitbuy is the most popular cryptocurrency trading platform. Over 350,000 Canadians have used the platform to buy or trade cryptocurrency. People have traded, bought or sold more than $4 billion worth of assets on Bitbuy.

It’s recently been reported that Bitbuy has been acquired by WonderFi Technologies Inc. WonderFi is backed by Kevin O’Leary for $206,000,000.

Bitbuy Features

Of course before you go to our Bitbuy referral link, you should know about Bitbuy’s features. Here’s a few of the things you can enjoy when you use Bitbuy:

Bitbuy is Regulated by the Canadian Government

When you use our Bitbuy referral link, you can rest assured that Bitbuy is legitimate. They’re regulated by the Canadian government. This is because they’ve been registered as an investment dealer and a marketplace. (They’re actually the first cryptocurrency trading platform to register as both!) Because of this, no third-party companies handle your investments or financial transactions.

Regulation of this sort also means that they’re more transparent about their fees and what happens with your money, and this transparency keeps their fees low. Other trading platforms enforce annual trading caps of around $30,000 per year, but Bitbuy doesn’t limit your trading this way, either.

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Bitbuy Customer Support

Many of Bitbuy’s online reviews rave about customer support experiences. Customers have said their customer support team is helpful and they respond quickly to inquiries.

They provide you with three different venues to contact them: email (support@bitbuy.ca), and their support page or support icon. They’ve also got social media profiles on Facebook and Twitter, but it’s more effective to get in touch with them through email.

Bitbuy’s Advanced Trading Platform

One of the first things you’ll notice about Bitbuy after you use our Bitbuy referral link is the sleek design of the platform. There are lots of powerful trading tools that make it appealing to both inexperienced and seasoned investors, alike.

Here’s a look at some of the things you can do on the platform:

  • Look at the order book and the spread updates both in real-time.
  • You can make stop orders, as well as limit and other types of order types that are considered advanced.
  • Low fees: 0.1% for makers and 0.2% for takers.
  • Buy BTC, ETH, and USCD with Visa or Mastercard.
  • Integration with Trading View so you can access more indicators and signals from their charts.
  • Dozens of trading pairs to choose from.
  • You can even trade without all of the advanced trading features if you want to. All you have to do is choose Bitbuy’s Express Trade, and then    you’re able to buy or trade cryptocurrency quickly with just a few clicks.

Bitbuy’s Great Mobile App

If you’re wondering about what Bitbuy’s mobile app is like before you decided to use a Bitbuy referral link, the good news is that it has excellent reviews. (4.6/5 stars! And that’s from more than 6,000 reviews in the app store!) The app is a great way to access all of the features from the desktop version of the platform to buy, sell and trade cryptocurrency. It also has biometric identification to keep your finances and cryptocurrency secure. You can find it in both the iOS and Android app stores.

Instant Verification on Bitbuy

Most accounts are verified instantaneously, which is quite convenient. Many cryptocurrency trading platforms require extensive and lengthy verification processes. Even if your Bitbuy account isn’t instantly verified, they don’t require much information or loads of documents from you the way that other platforms and financial institutions do.

Bitbuy Wallets

One of the things that people who receive our Bitbuy referral link are immediately interested in is the fact that Bitbuy offers two different wallets: one for cryptocurrency coins and one for CAD. You can easily keep track of the balances in both wallets by navigating to the “Wallets” page for information about your wallets.

Bitbuy Caters Exclusively to Canadian Customers

You don’t have to worry about a platform that is stationed in a foreign country making poor attempts at meeting the Canadian government regulations and standards for online marketplaces and investment traders.

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Bitbuy Security

Another reason you can rest assured that Bitbuy is safe when you use a Bitbuy referral link is that they’ve went to great lengths to ensure that they provide excellent security.

They provide 95% cold storage. If you’ve never heard of this security measure, it means that 95% of their customers’ assets are stored offline. This keeps your money and finances safe from hackers and scam artists, which is why it’s becoming a popular practice among the biggest trading platforms and financial institutions in Canada.

They’re also registered as a Money Services Business with FINTRAC (Financial Transactions and Reports Analysis Centre) and because of that, they’re subject to government regulation which keeps your money and assets safe, as well.

Bitbuy allows you to set up Two-Factor Authentication (2FA) once you’ve used a Bitbuy referral link and set up an account on their platform. This means that any time certain actions are taken on your account (like logging in or making a purchase or trade), you’ll need to enter your password and also verify your identity using your mobile phone. This is a security feature for both customers and employees of Bitbuy that adds an extra layer of protection.

Another security feature that people who receive a Bitbuy referral link are typically surprised by is the fact that they participate in third-party audits. At least once per quarter and once per month, a third- party auditing company audits Bitbuy’s finances, assets it manages, and its security system in all of Bitbuy’s departments. There are also transaction audits held weekly, and they audit every time there is suspicious activity, as well.

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Bitbuy has copyrighted parts of its code, which means that it is protected intellectual property. People can’t edit or otherwise tamper with Bitbuy’s code legally, without being reported to the proper authorities and facing repercussions. This means that hackers can’t legally hack their code to access the accounts that Bitbuy manages.

Bitbuy’s Cryptocurrencies

Of course before you use our Bitbuy referral link, you should know about which cryptocurrencies Bitbuy supports. The good news is that they currently support 19 different cryptocurrencies. Here’s a list of the cryptocurrencies that Bitbuy supports:

  • AAVE
  • ApeCoin
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Dogecoin (DOGE)
  • Etherium (ETH)
  • EOS
  • Litecoin (LTC)
  • LUNA
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Solana (SOL)
  • Stellar (XLM)
  • SushiSwap (SUSHI)
  • Uniswap (UNI)

Bitbuy Fees

One of the things that most people are curious about when they receive a Bitbuy referral code is the sort of fees they charge. This is understandable because most other cryptocurrency trading platforms charge outrageous fees. However, Bitbuy’s fees are advertised to be some of the lowest in the industry. Here’s a look at some of Bitbuy’s fees:

  • 0.10% maker’s fee (on limit trades) and 0.20% trader’s fee (on market trades)
  • 0.20% flat rate fee on all Express Trade trades
  • Cryptocurrency deposits with Bitbuy are free. But there are the following fees for withdrawls:
    • Bitcoin (BTC): 0.00025 BTC
    • Ethereum (ETH): 0.005 ETH
    • Litecoin (LTC): 0.02 LTC
    • Bitcoin Cash (BCH): 0.001 BCH
    • Stella (XLM): 0.02 XLM
    • Ripple (XRP): 0.02 XRP
    • EOS: 0.02 EOS
    • Aave (AAVE): 0.03 AAVE
    • Chainlink (LINK): 0.3 LINK
Bitbuy Funding Purchase Deposit -Comparewise
  • Here are some of the fees that you’ll be charged for fiat withdrawls and deposits:
    • INTERAC e-Transfer Deposits: 1.50%
    • INTERAC e-Transfer Withdrawls: 1.50%
    • Bank Wire Transfer Deposit: 0.50%
    • Bank Wire Transfer Withdrawl: 1.00%
Claim Your Welcome Bonus Bitbuy 50 Welcome Now - Comparewise

How to Create a Bitbuy Account

So, you’ve clicked our Bitbuy referral link. Now what? We’ll walk you through the steps to create a Bitbuy account and get started trading cryptocurrency.

  1. Click this Bitbuy referral link.
  2. Create an account by providing an email address and creating a password, then verifying your email.
  3. Provide Bitbuy with your cell phone number so that you can set up two-factor authentication to keep your account secure.

Most accounts are instantly verified once you’ve completed the previous three steps. However, if yours isn’t, here is a list of the documents you’ll need to get verified:

  • Financial statements (bank, loan or credit card statements)
  • Notice of Assessment, T4 or utility bill
  • Photos of a government-issued photo ID, such as a passport or driver’s license
  • A picture of  yourself with your photo ID to clearly display your face, and a piece of paper with the words “For Bitbuy Use Only” written on it and displayed in the picture.

Which is Better: Bitbuy or Binance?

Any Canadian reading this article and considering using our Bitbuy referral link is probably wondering this: Should you use Bitbuy or Binance? The answer to that question depends on where you live. Binance doesn’t service certain places, such as Ontario. However, you don’t have to wonder which areas that Bitbuy services because they serve all of Canada. In our opinion, that makes Bitbuy the better option out of the two.

How Does Bitbuy Compare to Coinbase?

Of course we wouldn’t want you to use our referral code without explaining the difference between these two competing companies so that you can decide whether Bitbuy is a good option for you. The major difference between Bitbuy and Coinbase is that Bitbuy charges lower fees than Coinbase. Bitbuy’s fees are so low that they’re quite competitive with other cryptocurrency trading platforms.

The other area where Bitbuy outshines Coinbase is its deep liquidity. Because of its status as the first cryptocurrency trading platform to register as both an investment dealer and a marketplace, the Canadian government regulates it in two separate ways and that means that your assets are doubly protected.

What’s Different About Our Bitbuy Referral Link?

If you’ve done some research about the Bitbuy referral link offers made by other companies, then you’ll know that typically what they offer is $40 for both the person who made the referral and the person they’ve referred. And, while that’s a nice offer, you’ll see how ours tops it.

Customers who use our Bitbuy referral link will receive a $50 referral bonus, rather than a $40 referral bonus. This is literally $10 more than other affiliates are promoting with their referral link offers!

So click here to use our Bitbuy referral link and sign up!

Claim Your Welcome Bonus Bitbuy 50 Welcome Now - Comparewise

Bitbuy Referral Link Conclusion

Bitbuy is the most popular cryptocurrency trading platform in Canada. It manages billions of dollars worth of assets, and has millions of active users who are currently buying and trading cryptocurrency every day. It has loads of security features, like two-factor authentication and cold storage. And they charge some of the lowest fees in the industry. So if you’d like to get started with Bitbuy, click here for our Bitbuy referral link, which will give you a $50 referral bonus!

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FAQs about
Bitbuy Referral Link

How much can I get with a Bitbuy referral link?

With the exclusive Comparewise Bitbuy referral link you can get a $50 welcome bonus when you create a new Bitbuy account and deposit $250.

What is Bitbuy?

Bitbuy is the most popular cryptocurrency trading platform in Canada. Over 350,000 Canadians have used the platform to buy or trade cryptocurrency. People have traded, bought or sold more than $4 billion worth of assets on Bitbuy.

Is Bitbuy safe to use?

Yes. They provide 95% cold storage. If you’ve never heard of this security measure, it means that 95% of their customers’ assets are stored offline. This keeps your money and finances safe from hackers and scam artists, which is why it’s becoming a popular practice among the biggest trading platforms and financial institutions in Canada.

How much does it cost to use Bitbuy?

With Bitbuy you pay to deposit and withdraw:

  • INTERAC e-Transfer Deposits: 1.50%
  • INTERAC e-Transfer Withdrawals: 1.50%
  • Bank Wire Transfer Deposit: 0.50%
  • Bank Wire Transfer Withdrawl: 1.00%

You also pay for trades: 0.10% maker’s fee (on limit trades) and 0.20% trader’s fee (on market trades)

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April 30, 2022
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