Bitbuy vs WazirX

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

Bitbuy4.0/5
VS
WazirX3.0/5
Feature
Ratings
Our score4.0/53.0/5
User ratingNo reviews yetNo reviews yet
Fees3.54.0
Security & trust4.51.5
Asset selection3.54.0
Ease of use4.03.5
Support4.03.0
Specs
MarketsSpot, OTCSpot, Futures
Coins listed45300
Fiat deposit methodsBank transferBank transfer
KYC required Yes Yes
Accepts US customers NoNot disclosed
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBFIU-IND registration, India
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionMandatory two-factor authentication, End-to-end encryption, BitGo custody
Futures & perpetuals No Yes
Max leverage (x)Not disclosed150
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund YesNot disclosed
Referral program Yes Yes
Company
Founded20162018
HeadquartersCanadaIndia
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
  • FIU-IND registered crypto exchange operating in India
  • Perpetual futures markets with leverage up to 150x
  • Zero-fee spot trading available for ₹99 per month
  • Supports direct INR bank transfers via IMPS, NEFT, and RTGS
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Suffered a 2024 cyberattack leading to asset shortfalls
  • User balances remain subject to ongoing restructuring and rebalancing
  • Mandatory KYC prevents non-verified or anonymous trading
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsIndian crypto spot traders, INR-settled futures traders, High-volume traders using monthly subscriptions

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