Bitbuy vs Deribit

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

Bitbuy4.0/5
VS
Deribit4.0/5
Feature
Ratings
Our score4.0/54.0/5
User ratingNo reviews yetNo reviews yet
Fees3.54.0
Security & trust4.54.5
Asset selection3.53.5
Ease of use4.04.0
Support4.04.0
Specs
MarketsSpot, OTCSpot, Futures, Options
Coins listed45Not disclosed
Fiat deposit methodsBank transferNot disclosed
KYC required Yes Yes
Accepts US customers No No
Staking / earn YesNot disclosed
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, Security Key, Address whitelisting, Insurance fund
Futures & perpetuals No Yes
Max leverage (x)Not disclosed50
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund Yes Yes
Referral program YesNot disclosed
Company
Founded20162016
HeadquartersCanada—
InvestorsNot disclosedNot disclosed
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
  • Over 85% market share in Bitcoin and Ethereum options
  • Up to 50x leverage on perpetuals and futures
  • Portfolio margin available to offset options and futures risk
  • Free testnet with simulated funds for strategy testing
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Mandatory KYC identity verification before deposits or trading
  • Does not accept customers from the United States
  • Session profits locked until the 08:00 UTC daily settlement
  • Centralized custody model exposes user funds to exchange risk
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsCrypto options traders, Institutional market makers, Quantitative derivatives trading firms

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.

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