Bitbuy vs LetsExchange

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

Bitbuy4.0/5
VS
Feature
Ratings
Our score4.0/52.8/5
User ratingNo reviews yetNo reviews yet
Fees3.52.5
Security & trust4.52.0
Asset selection3.54.5
Ease of use4.02.5
Support4.03.0
Specs
MarketsSpot, OTCSpot
Coins listed456,154
Fiat deposit methodsBank transferBank transfer, Card, Apple Pay, Google Pay
KYC required Yes No
Accepts US customers NoNot disclosed
Staking / earn YesNot disclosed
Mobile app YesNot disclosed
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBNot disclosed
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionNot disclosed
Futures & perpetuals No No
Copy trading No No
P2P market No No
Earn / savings products Yes No
User protection fund YesNot disclosed
Referral program Yes Yes
Company
Founded20162021
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
  • Supported over 5,000 crypto assets and 300 blockchain networks
  • Non-custodial trades did not require LetsExchange to hold user balances
  • Instant crypto-to-crypto swaps required no mandatory account sign-up
  • Integrated on-ramps supporting more than 60 fiat currencies
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Permanently ceased all exchange operations on October 1, 2026
  • Customer support assistance concludes entirely after November 30, 2026
  • Fiat purchase ramps relied on third-party processors requiring external KYC
  • Suffered a past social media account compromise on X
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsFormer users resolving final payouts, Historical crypto liquidity research

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