Bitbuy vs CryptoLocally

Bitbuy4.0/5

VS

CryptoLocally1.6/5

Feature	BitbuyVisit	CryptoLocallyVisit
Ratings
Our score	4.0/5	1.6/5
User rating	No reviews yet	No reviews yet
Fees	3.5	2.5
Security & trust	4.5	1.5
Asset selection	3.5	2.0
Ease of use	4.0	1.0
Support	4.0	1.0
Specs
Markets	Spot, OTC	P2P
Coins listed	45	Not disclosed
Fiat deposit methods	Bank transfer	P2P
KYC required	Yes	No
Accepts US customers	No	Not disclosed
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Not disclosed
Licenses & registrations	OSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSB	Not disclosed
Security features	Cold Storage, Custodial Insurance, CIPF Protection	Escrow smart contracts
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	No	Yes
Earn / savings products	Yes	Yes
User protection fund	Yes	Not disclosed
Referral program	Yes	Not disclosed
Company
Founded	2016	2019
Headquarters	Canada	Hong Kong
Investors	Not disclosed	Alameda Research, 3Commas, Genesis Block, IOSG Ventures +3
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	Non-custodial trading architecture using on-chain escrow smart contracts No mandatory identity verification (KYC) required to trade Supported multiple base networks including EOS, Tron, Ethereum, and BNB Chain Integrated user reputation and feedback scoring for counterparty evaluation
Cons	Services are restricted entirely to residents of Canada Mandatory identity verification (KYC) required before any trading No derivatives, perpetuals, or margin trading available	Platform discontinued and website offline since October 2024 Relied on lead funding from Alameda Research Non-custodial escrow remains vulnerable to fiat counterparty payment disputes
Best for	Canadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheets	Historical peer-to-peer exchange research, Discontinued EOS and Tron trading, Non-custodial crypto market studies

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons