Bitbuy vs BitMEX

Bitbuy4.0/5

VS

BitMEX1.7/5

Feature	BitbuyVisit	BitMEXVisit
Ratings
Our score	4.0/5	1.7/5
User rating	No reviews yet	No reviews yet
Fees	3.5	1.0
Security & trust	4.5	2.5
Asset selection	3.5	0.5
Ease of use	4.0	1.5
Support	4.0	2.5
Specs
Markets	Spot, OTC	Futures, Spot
Coins listed	45	Not disclosed
Fiat deposit methods	Bank transfer	Not disclosed
KYC required	Yes	Yes
Accepts US customers	No	No
Proof of reserves	Not disclosed	Yes
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	OSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSB	Seychelles VASP (Transitional)
Security features	Cold Storage, Custodial Insurance, CIPF Protection	Not disclosed
Futures & perpetuals	No	Yes
Max leverage (x)	Not disclosed	100
Copy trading	No	Not disclosed
P2P market	No	Not disclosed
Earn / savings products	Yes	Not disclosed
User protection fund	Yes	Yes
Referral program	Yes	Yes
Company
Founded	2016	2014
Headquarters	Canada	Seychelles
Investors	Not disclosed	SOSV
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	Invented crypto perpetual swaps with leverage up to 100x in 2016 Continuous fund withdrawal access maintained throughout the operational wind-down
Cons	Services are restricted entirely to residents of Canada Mandatory identity verification (KYC) required before any trading No derivatives, perpetuals, or margin trading available	Trading services permanently ceased on 23 September 2026 Unclaimed balances face ongoing maintenance and inactive account penalty fees Pled guilty in 2025 to Bank Secrecy Act violations and paid a $100M fine Users face targeted phishing and impersonation scams during fund liquidation
Best for	Canadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheets	Former users withdrawing remaining balances, Traders exporting historical tax records, Researchers analyzing perpetual market history

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