Bitbuy vs Poloniex

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

Bitbuy4.0/5
VS
Feature
Ratings
Our score4.0/53.0/5
User ratingNo reviews yetNo reviews yet
Fees3.53.0
Security & trust4.51.5
Asset selection3.54.5
Ease of use4.03.5
Support4.03.0
Specs
MarketsSpot, OTCSpot, Futures
Coins listed45Not disclosed
Fiat deposit methodsBank transferNot disclosed
KYC required YesNot disclosed
Accepts US customers No No
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 Yes
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund YesNot disclosed
Referral program YesNot disclosed
Company
Founded20162014
HeadquartersCanadaUnited States
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
  • Spot and futures markets in one exchange account
  • Dedicated API access for spot and futures trading
  • Network coverage includes 11 named blockchains
  • Operating history dates to January 2014
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Customers face custodial exposure to exchange-controlled wallets
  • A November 2023 breach stole more than $114 million
  • Futures trading adds liquidation and leverage risk
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsSpot crypto traders, API-based trading, Futures traders

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