Regulated Canadian crypto marketplace acquired by Robinhood with Interac e-Transfer funding
Bitbuy is a Canadian cryptocurrency marketplace and restricted dealer designed for buying, selling, and staking digital assets using Canadian dollars. Acquired by Robinhood and operated under Coinsquare Capital Markets Ltd, the platform has processed over $7B in lifetime trading volume across a user base of more than 900,000 registered Canadians.
Founded in 2016 by Adam Goldman and Ademar Gonzalez, Bitbuy is headquartered in Toronto, Canada. Jordan Anderson serves as COO, while Dean Skurka has served as President and Interim CEO. Bitbuy operates under Coinsquare Capital Markets Ltd (CCML), an investment dealer regulated by the Canadian Investment Regulatory Organization (CIRO). The exchange is registered as a marketplace and restricted dealer with the Ontario Securities Commission and the Canadian Securities Administrators, alongside a Money Services Business registration with FINTRAC.
The platform supports major cryptocurrencies including Bitcoin, Ethereum, Solana, and XRP. Customers can start trading with as little as $10 CAD. Retail clients can trade instantly through Express Trade or submit market and limit orders, while institutional and high-volume accounts have access to the Bitbuy Alpha OTC desk for trades of $20,000 CAD and above. Client cash holdings are protected up to $1M per account through the Canadian Investment Protection Fund (CIPF). Digital assets are held on a 1:1 basis in cold storage with licensed third-party custodians carrying a combined $680M USD in insurance policies.
Canadian users can fund accounts using Interac e-Transfer or bank wire transfers. Beyond spot execution, Bitbuy provides an on-chain staking program that pays yields up to 12.77% on supported proof-of-stake cryptocurrencies. Corporate services are also offered, supporting more than 1,500 corporate clients managing digital asset treasury balances.
Bitbuy restricts registration exclusively to Canadian residents, requiring identity verification (KYC) before any fiat funding or crypto transactions can occur. Users outside Canada, including residents of the United States, cannot open accounts. As a centralized custodial platform, clients face counterparty risk tied to custodial solvency and potential regulatory withdrawal freezes, alongside market exposure during staking lockup periods.
Bitbuy offers regulated Canadian crypto trading with CIRO oversight and CIPF-protected cash, but serves only Canadian residents and lacks derivative products.
Bitbuy is a Canadian cryptocurrency platform operating under Coinsquare Capital Markets Ltd (CCML), an investment dealer regulated by the Canadian Investment Regulatory Organization (CIRO) and the Ontario Securities Commission. Acquired by Robinhood, the platform serves over 900,000 registered users with more than $7B CAD in lifetime trade volume. Funding is tailored to domestic investors, supporting direct CAD deposits through Interac e-Transfer and bank wire from an entry minimum of $10 CAD.
The exchange operates on strict regulatory foundations. Customer digital assets are backed 1:1 and maintained in cold storage through licensed custodians carrying $680M USD in collective insurance coverage. Fiat cash balances on the platform are protected up to $1M per account via the Canadian Investment Protection Fund (CIPF). In addition to simple spot purchases via Express Trade, Bitbuy provides on-chain staking yields reaching up to 12.77% on supported tokens and an over-the-counter desk, Bitbuy Alpha, for transactions of $20,000 CAD and above.
These safeguards come with operational limits. Bitbuy restricts access exclusively to Canadian residents, excluding international traders and US customers. The product catalog excludes futures and margin trading. Advanced traders hunting for extensive altcoin liquidity or complex trading derivatives will find the spot-focused lineup limited.
Bitbuy suits Canadian retail investors and domestic corporations seeking a legally compliant on-ramp with straightforward tax records and fiat deposit routes. High-volume global derivative traders should choose international platforms that provide margin trading and unrestricted cross-border access.
| Markets | Spot, OTC · unverified |
|---|---|
| Coins listed | 45 · unverified |
| Fiat deposit methods | Bank transfer · unverified |
| KYC required ⓘ | Yes · unverified |
| Accepts US customers | No · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | OSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSB · unverified |
| Security features | Cold Storage, Custodial Insurance, CIPF Protection · unverified |
| Futures & perpetuals | No · unverified |
| Copy trading | No · unverified |
| P2P market | No · unverified |
| Earn / savings products | Yes · unverified |
| User protection fund | Yes · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Maker fee, Taker fee, Proof of reserves, Max leverage (x).
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
A simplified order system allowing retail users to buy and sell cryptocurrencies starting from a minimum of $10 CAD.
Over-the-counter block trading with dedicated account managers for orders starting at $20,000 CAD.
Direct CAD deposit and withdrawal options via Interac e-Transfer and traditional bank wires.
Yield program offering returns up to 12.77% on supported proof-of-stake digital assets.
Dedicated iOS and Android mobile apps for balance tracking, fiat transfers, and spot execution.
Specialized treasury onboarding and digital asset custody servicing more than 1,500 business accounts.
A simplified order interface built for beginners to execute instant crypto purchases starting with $10 CAD.
An earn module that lets users stake supported digital assets to generate annual rewards up to 12.77%.
An over-the-counter trading desk that pairs clients executing orders of $20,000 CAD or more with a personal account manager.
A dedicated portal providing corporate onboarding, custody, and treasury allocation services for over 1,500 businesses.
A handheld trading application available on iOS and Android for depositing funds, tracking prices, and executing trades.
User feedback is extremely limited, with no recurring positive points and complaints focused on platform downtime and poor customer support responsiveness.
Based on 2 Reddit posts and comments from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
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Bitbuy was founded in 2016 by Adam Goldman and Ademar Gonzalez in Canada. The company is now owned by Robinhood.
No, Bitbuy serves only Canadian residents. It is registered with FINTRAC, the Ontario Securities Commission, and CIRO to operate domestically.
Bitbuy maintains client crypto 1 to 1 in cold storage with licensed custodians covered by $680M USD in insurance. In addition, Canadian cash balances receive up to $1M in coverage through the Canadian Investment Protection Fund.
The minimum amount to fund an account or place a trade on Bitbuy is $10 CAD. Deposits are supported via Interac e-Transfer and bank wire.
Yes, Bitbuy offers staking on select cryptocurrencies. Staking yields on eligible assets reach up to 12.77%.
Recent public posts from @bitbuy, shown as published. Not reviewed or endorsed by CryptoReview.
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