Coinbase vs. Bitbuy: Which Is A Better Crypto Trading Platform For Canadians In 2025

Last updated:01/29/2025
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Fueled by Donald Trump’s epic victory in US election in November 2024, the whole crypto market is full of bullish sentiment and Bitcoin surpassed the $100,000 milestone. Undeniably, the election outcome has reignited immense excitement and bullish sentiment throughout the entire cryptocurrency market and the crypto market has hit new peaks.

In Canada, investors have benefited from the government’s supportive stance towards blockchain and cryptocurrencies, gaining access to the cryptocurrency market. Consequently, trading crypto has become one of the most prevalent investment strategies in the country. Are you looking for a best crypto exchange to start your trading journey in Canada amid such a bull run sentiment?

This article will compare Coinbase and Bitbuy, two major crypto exchanges, from major metrics, including supported cryptocurrencies, fees, security, trading features, customer services, service scope and easy of use, thus making it easier for you to select a better crypto exchange for your crypto trading journey.

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About Coinbase

Coinbase Exchange

Coinbase Exchange
Name Coinbase Exchange
Launched 05/2014
Website https://exchange.coinbase.com
Blog https://blog.coinbase.com/
Twitter https://twitter.com/Coinbase
Maker Fees 0
Taker Fees 0
Perpetual Trading volume(24h) $ 0
Perpetual Trading Pairs 0
Spot Trading volume(24h) $ 2.3B
Spot Trading Pairs 431
Fiat Supported USD, EUR, GBP
Update Time 2025-03-27 07:12:01

Established in 2012, Coinbase has garnered global recognition as a preeminent digital asset exchange. It provides trading services for Bitcoin and a variety of other digital currencies, enabling users to seamlessly buy, sell, store, and transfer cryptocurrencies on its platform. Renowned for its intuitive interface, which facilitates both one-time and recurring crypto transactions with utmost simplicity, Coinbase stands as a preferred option for Canadians seeking a top-tier crypto exchange.

The Pros & Cons of Coinbase summarize as below:

Coinbase Pros Cons
  • Large cryptocurrency selection(200+)
  • Rich educational content
  • High-quality customer service
  • User-friendly interface and easy purchase process
  • Robust security measures
  • Coinbase Advanced Trade
  • Comparatively higher fees charged for certain transactions
  • Worsening fee transparency
  • Legal woes between SEC and Coinbase

 

About Bitbuy

 Bitbuy

Bitbuy
Name Bitbuy
Launched 04/2019
Website https://bitbuy.ca/
Blog https://bitbuy.ca/en/resources
Twitter https://twitter.com/bitbuy
Maker Fees 0
Taker Fees 0
Perpetual Trading volume(24h) $ 0
Perpetual Trading Pairs 0
Spot Trading volume(24h) $ 0
Spot Trading Pairs 0
Fiat Supported CAD
Update Time 2025-03-27 07:34:01

With mission of providing fellow Canadians convenient, dependable, and secure access to Bitcoin and other cryptocurrencies, Bitbuy is one of the largest cryptocurrency exchanges in Canada. Its regulated status, large asset size, and growing number of users and trading volume all prove its leading position in the cryptocurrency trading space. Bitbuy has grown to become the leading exchange in the Canadian market, offering services primarily to Canadian investors.

The Pros & Cons of Bitbuy summarize as below:

Bitbuy Pros Cons
  • Regulated by the Ontario Securities Commission (OSC)
  • Buy and sell crypto in Canadian dollars with support for instant e-transfers
  • High security
  • Offer user-friendly interface
  • Small selection of cryptocurrencies
  • Only available to Canadians
  • Bitbuy charges relative high fees when comparing with other major exchanges
  • Customer support still need improvement

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Coinbase vs. Bitbuy: Overview

Coinbase vs.Bitbuy
Coinbase Bitbuy
Supported Cryptocurrencies 260+ on Coinbase Only 25+ on Bitbuy
Fees Fees charged by Coinbase range between 0% and 3.99%, varies by type of transaction, which is relative high compare with major exchanges Compared with other major exchanges, Bitbuy charges relative high fees, for example, Bitbuy’s Instant Buy and Sell fees are as high as 0.5% while withdrawal fees are 1.5%
Security Known for its strong security measures and insurance coverage for digital assets High security as it requires two-factor authentication for users
Features Provide a large number of service, including spot trading, futures trading, and staking feature, etc. Limited trading features, it doesn’t support staking, futures, or a wallet
Customer Service Provide phone, email, and chat support Customer service in Bitbuy is not bad, but unfortunately, there is no live chat or phone support team, users can only contact through email
Service Scope Offer service in over 100 countries and regions Only for Canadians
Ease of Use One of the most beginner-friendly crypto exchanges, offering rich educational materials and a straightforward trading process Offer user-friendly interface

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Conclusion

After comparison, it is not difficult to find that Coinbase and Bitbuy both have their own pros and cons. However, there is no denying that some disadvantages do exist in Coinbase or Bitbuy, like higher fees charged by Coinbase, limited cryptocurrency choice and trading features in Bitbuy.

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BTCC (MOST RECOMMENDED)

After comparing Coinbase and Bitbuy, we are more inclined to introduce BTCC, one of the longest-running exchanges in the world, for crypto trading as it performs better than Coinbase and Bitbuy in certain aspects. BTCC,one of the longest-running exchanges in the world, supports crypto copy tradingspot trading, as well as futures trading for 300+ cryptocurrencies with a leverage of up to 500Χ.  As one of the longest-serving crypto exchanges in the world, BTCC not only boosts these advantages, but also avoids the shortcomings or offers good solutions.

As one of the longest-running exchange in the world, BTCC is committed to making crypto trading reliable and accessible to everyone. With a mission of providing a trading platform that is fair and reliable in every sense, BTCC strives to uplift the industry’s standard for quality trading. At present, BTCC offers service in more than 100 countries and regions with more than 6 million registered users. The following sets forth the major advantages that BTCC owns compared with other major exchanges.

The reason why we think BTCC is most recommended sets as beklow:

Industry-leading security

BTCC attaches great importance on security. Since founded in 2011, BTCC has never been hacked or been a victim of any other kind of successful malicious attack, which fully illustrates its security capabilities. Through measures like segregation of assets, 1:1 storage of users’ assets, money laundering prevention and identity authentication and no collateralising tokens for loans, BTCC enjoys good reputation in asset security.

High Liquidity & Volume

BTCC is ranked top 10 by trading volume on both CoinMarketCap and CoinGecko, the world’s two largest crypto information platforms. BTCC prides itself on providing crypto futures trading services to users worldwide with market-leading liquidity, offering perpetual futures on over 100 cryptocurrencies, including BTC, ETH, DOGE, LTC, SOL, XRP, SHIB, etc.

Extremely low fees

Charging high fees means less return for investors. Compared with other major exchanges, BTCC only charges 0.06% for both takers and makers, which are far below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.

High and rich rewards

BTCC holds all kinds of campaigns where investors can participate to win exciting rewards. For example, new users can get rewards up to 10,055 USDT coupon through completing relevant missions, like registration, identity verification, first deposits, cumulative futures trading volume, etc. Besides, becoming VIP also can enjoy rewards like VIP-exclusive perks, including discounts on trading fees, access to exclusive campaigns, BTCC merch, priority customer support, fast withdrawal, and many more.

Large and flexible funding options

In addition to the major digital currencies like BTC, ETH, BCH, LINK, LTC, ADA, DOT, EOS, XRP, and UNI, investors can also trade DASH, DOGE, SHIB, FIL, XLM, XMR, GRT, RNDR, EGLD, and KLAY on BTCC. BTCC offers flexible leverage up to 500x across daily and perpetual contract types, supporting a wide range of popular trading pairs such as BTC/USDT, ETH/USDT, ADA/USDT.

Excellent customer service

BTCC also gains great reputation in terms of customer support. If you are confused or have problem in the process of trading currencies, you can obtain customer support via email and live chat, BTCC offers 24/7 online customer service for you.

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How to Trade Crypto Futures on BTCC?

BTCC offers Perpetual Futures contracts with a leverage of up to 500×, you can buy over 300 cryptocurrencies on BTCC at the most competitive price and highest security.

The following sets forth the step-by-step guidance for crypto futures trading (take Bitcoin as an example) on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find BTC/USD trading pair.

You can also directly click the button below to enter the BTC order page.

Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

  • Market Order: users place orders at the best price in the current market to achieve fast trading.
  • Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
  • SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and BTC futures contract order is completed.

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