Yes, Bitbuy is a legit crypto exchange. Headquartered in Toronto and founded in 2016, it is run by Coinsquare Capital Markets. Coinsquare is a member of the Canadian Investment Regulatory Organization (CIRO) and registered with FINTRAC as a Money Services Business (MSB). It is also registered as an Investment Dealer with the Ontario Securities Commission.

To open a Bitbuy account you will need to be a Canadian resident, the age of majority in your province or territory and have a valid mobile phone number.

Is it safe to keep crypto on Bitbuy?

Bitbuy is a reputable exchange and has a host of security measures in place to protect client assets. However, Bitbuy and other exchanges offer custodial wallets, which means you dont it is generally recommended that for maximum security, you move the bulk of your crypto assets into an offline wallet for which you control the private keys.

Why can't I withdraw from Bitbuy?

There are a few reasons why you may not be able to withdraw funds from your Bitbuy account. For example, you will need to wait 72 hours after your first deposit before you can make a withdrawal. You will also need to wait 72 hours after changing your password, while a 7-day wait applies if you change your email address or disable two-factor authentication on your account. Contact Bitbuy support for more information.