Bitbuy vs Bithumb

How Bitbuy vs Bithumb compare on our ratings, exchange specs, funding, pros and cons.

Bitbuy4.0/5
VS
Bithumb3.0/5
Feature
Ratings
Our score4.0/53.0/5
User ratingNo reviews yetNo reviews yet
Fees3.53.0
Security & trust4.52.5
Asset selection3.54.0
Ease of use4.03.0
Support4.02.5
Specs
MarketsSpot, OTCSpot
Maker feeNot disclosed0.04%
Taker feeNot disclosed0.04%
Coins listed45483
Fiat deposit methodsBank transferBank transfer
KYC required Yes Yes
Accepts US customers No No
Proof of reservesNot disclosed No
Staking / earn Yes Yes
Mobile app Yes Yes
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBNot disclosed
Security featuresCold Storage, Custodial Insurance, CIPF Protection2FA, ISMS certification
Futures & perpetuals No No
Copy trading No No
P2P market No No
Earn / savings products Yes Yes
User protection fund YesNot disclosed
Referral program YesNot disclosed
Company
Founded20162014
HeadquartersCanadaSouth Korea
InvestorsNot disclosedBK Global Consortium
Strengths and weaknesses
Pros
  • 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
  • Competitive baseline spot trading fees starting at 0.04%
  • High domestic liquidity across 483 cryptocurrencies and 495 trading pairs
  • Flat 1,000 KRW fee for fiat bank withdrawals
  • Certified under South Korea's Information Security Management System
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Restricted strictly to South Korean residents with domestic bank accounts
  • Custodial platform with no Merkle-tree cryptographic proof of reserves
  • Past security breaches including asset thefts in June 2018 and March 2019
  • No futures, margin trading or leverage options
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsSouth Korean domestic retail traders, Won-denominated spot crypto buyers, Korean institutional algorithmic traders

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