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What is bitbuy and how does it work?

Bitbuy is a Toronto-based crypto exchange for Canada residents. Originally launched back in 2013, but under the name InstaBT with the mission of making Bitcoin more accessible to Canadians, it has since then grown into a fully regulated crypto exchange.

How many cryptocurrencies can you buy on bitbuy?

You can then buy and sell cryptocurrencies! Bitbuy offers a fairly limited number of cryptocurrencies on the exchange, with only seven for users to buy and sell. These are the crypto assets currently available on Bitbuy: Is Bitbuy Safe?

Is bitbuy Canada safe?

Our Bitbuy review team has determined that it is one of the safest cryptocurrency exchanges for you to buy and sell digital currency. Bitbuy Canada is a licenced Money Services Business (MSB) that operates under Financial Transactions and Report Analysis Centre of Canada (FINTRAC) guidance.

Can bitbuy be hacked?

No, Bitbuy has never been hacked. They also operate using a 95% cold storage security policy, meaning 95% of all the crypto assets they and their users own are stored offline. This means that even in the event of a successful hack of the exchange, there would be only 5% of assets susceptible, which protects both the exchange and its customers.

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