Bitbuy vs Toobit

Bitbuy4.0/5

VS

Toobit3.9/5

Feature	BitbuyVisit	ToobitVisit
Ratings
Our score	4.0/5	3.9/5
User rating	No reviews yet	No reviews yet
Fees	3.5	4.5
Security & trust	4.5	3.5
Asset selection	3.5	4.0
Ease of use	4.0	4.0
Support	4.0	3.5
Specs
Markets	Spot, OTC	Spot, Futures, Copy trading, P2P, OTC
Maker fee	Not disclosed	0%
Taker fee	Not disclosed	0%
Coins listed	45	Not disclosed
Fiat deposit methods	Bank transfer	Card, Apple Pay, P2P
KYC required	Yes	Yes
Accepts US customers	No	No
Proof of reserves	Not disclosed	Yes
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	OSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSB	Polish Financial Supervision Authority VASP, US FinCEN MSB
Security features	Cold Storage, Custodial Insurance, CIPF Protection	ISO/IEC 27001:2022, Bee-Safe infrastructure, Proof of Reserves, Anti-phishing code, Passkeys, Google Authenticator
Futures & perpetuals	No	Yes
Max leverage (x)	Not disclosed	500
Copy trading	No	Yes
P2P market	No	Yes
Earn / savings products	Yes	Not disclosed
User protection fund	Yes	Yes
Referral program	Yes	Yes
Company
Founded	2016	2022
Headquarters	Canada	Cayman Islands
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	Registered as a Virtual Asset Service Provider with the Polish Financial Supervision Authority Publishes monthly 1:1 proof of reserves data Perpetual contract leverage available up to 500x Card and Apple Pay deposits supported across 50 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	Discontinued all services for United States customers in July 2024 Requires full KYC verification for fiat and standard operations Centralized custody model exposes user deposits to platform insolvency risks Zero-fee promotional spot rates exclude API trading activity
Best for	Canadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheets	High-leverage derivatives traders, European crypto traders needing VASP compliance, Traders seeking tokenized equity contracts

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