Bitbuy vs PrimeXBT

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

Bitbuy4.0/5
VS
Feature
Ratings
Our score4.0/54.0/5
User ratingNo reviews yetNo reviews yet
Fees3.54.5
Security & trust4.53.5
Asset selection3.54.0
Ease of use4.04.0
Support4.04.0
Specs
MarketsSpot, OTCFutures, Margin
Maker feeNot disclosed0.01%
Taker feeNot disclosed0.05%
Coins listed4560
Fiat deposit methodsBank transferBank transfer, Card
KYC required YesNot disclosed
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 MSBSouth Africa FSCA, El Salvador CNAD, El Salvador BCR
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionNot disclosed
Futures & perpetuals No Yes
Max leverage (x)Not disclosed1,000
Copy trading NoNot disclosed
P2P market No No
Earn / savings products YesNot disclosed
User protection fund YesNot disclosed
Referral program Yes Yes
Company
Founded20162018
HeadquartersCanadaSt. Lucia
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
  • Crypto perpetual maker fees start at 0.01%
  • Cross-margin trading lets you use crypto collateral on traditional CFDs
  • No deposit fees and no recurring account inactivity penalties
  • Licensed by the FSCA in South Africa and CNAD in El Salvador
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Not available to traders based in the United States
  • High maximum leverage increases liquidation risk for active margin positions
  • Centralized custody model
  • Crypto withdrawals incur network fees
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsHigh-leverage crypto perpetual traders, Cross-asset CFD and forex speculators, Algorithmic traders using MetaTrader 5

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