Bitbuy vs Paxful

Bitbuy4.0/5

VS

Paxful2.0/5

Feature	BitbuyVisit	PaxfulVisit
Ratings
Our score	4.0/5	2.0/5
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	3.0
Support	4.0	1.5
Specs
Markets	Spot, OTC	P2P
Maker fee	Not disclosed	0%
Taker fee	Not disclosed	1%
Coins listed	45	Not disclosed
Fiat deposit methods	Bank transfer	P2P
KYC required	Yes	Not disclosed
Accepts US customers	No	Not disclosed
Staking / earn	Yes	No
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	Not disclosed
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	No	Yes
Earn / savings products	Yes	No
User protection fund	Yes	Not disclosed
Referral program	Yes	Not disclosed
Company
Founded	2016	2015
Headquarters	Canada	United States
Investors	Not disclosed	Not 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	No trading fees charged to crypto buyers Supported over 350 local and international payment methods Over 140 countries supported prior to closure Fee-free monthly crypto withdrawals up to $1,000
Cons	Services are restricted entirely to residents of Canada Mandatory identity verification (KYC) required before any trading No derivatives, perpetuals, or margin trading available	Ceased all trading and deposit operations on November 1, 2025 Plea agreement incurred $7.5 million in US regulatory penalties Vendor spreads ranged from 5% to 50% above market rates P2P sellers paid a 1.00% platform fee on all completed trades
Best for	Canadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheets	Historical P2P exchange research, Tracking crypto regulatory enforcement actions

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