BIT Crypto Exchange vs Bitbuy

How BIT Crypto Exchange vs Bitbuy compare on our ratings, exchange specs, funding, pros and cons.

Feature
Ratings
Our score3.4/54.0/5
User ratingNo reviews yetNo reviews yet
Fees4.03.5
Security & trust2.54.5
Asset selection4.53.5
Ease of use3.54.0
Support3.04.0
Specs
MarketsSpot, Futures, Options, Margin, OTCSpot, OTC
Maker fee0.1%Not disclosed
Taker fee0.1%Not disclosed
Coins listedNot disclosed45
Fiat deposit methodsNot disclosedBank transfer
KYC required Yes Yes
Accepts US customersNot disclosed No
Proof of reserves NoNot disclosed
Staking / earn Yes Yes
Mobile app Yes Yes
Licenses & registrationsSingapore MPI, Hong Kong TCSP, Hong Kong Money Lender, Switzerland SRO, UK AR, US MSB, BVI VASPOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSB
Security featuresCold storage, Account-level isolation, Multi-sig protocols, Segregated custodyCold Storage, Custodial Insurance, CIPF Protection
Futures & perpetuals Yes No
Copy tradingNot disclosed No
P2P marketNot disclosed No
Earn / savings products Yes Yes
User protection fund No Yes
Referral programNot disclosed Yes
Company
Founded20192016
Headquarters—Canada
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Spot fees from 0.1% and futures maker fees starting at 0.03%
  • Cross-asset trading across crypto, tokenized commodities, and US and HK stocks
  • Regulated across seven jurisdictions, including Singapore, Switzerland, and the UK
  • Pioneered dual-currency and multi-scenario structured yield instruments
  • Operates under CIRO member dealer status registered with the OSC and CSA
  • Cash balances covered up to $1M CAD per account by CIPF
  • Digital assets stored 1:1 in cold storage with insured custodians
  • Instant CAD deposits and withdrawals supported through Interac e-Transfer
Cons
  • Centralized custody without public proof-of-reserves audits
  • No user deposit insurance fund for crypto holdings
  • Direct account funding relies on crypto and stablecoins rather than direct fiat deposits
  • Equities and select structured products are restricted in Hong Kong and other jurisdictions
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
Best forTraders combining crypto and equities, Active crypto futures and options traders, Investors seeking tokenized real-world assetsCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheets

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