How to Buy Bitcoin on Bitbuy and Send it To Your Wallet

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Who writes this: Every review on this site is written by Max Hamburger (pseudonym / sudo anon), an independent Canadian cryptocurrency researcher actively tracking and evaluating platforms since 2018.
How we test: We sign up for real accounts, deposit Canadian dollars ($CAD) via Interac e-Transfer, execute real trades to calculate true spread markups, and test withdrawal times to cold hardware wallets.
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How To Buy Bitcoin Bitbuy Send to Wallet

On this page

Signup to Bitbuy and verify your account.

Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.

Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its Bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.

Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.

Try Bitbuy - Get $20

Fund Your Bitbuy Account

You can deposit funds on the Account page or the Holdings page.

Click > Deposit CAD

Deposit Funds Bitbuy

Deposit Funds Bitbuy

Choose how you want to fund your Bitbuy account.

INTERAC e-Transfer is the fastest, lowest fee, and easiest way. You can also fund your Bitbuy account with Wire Transfer or Credit Card.

e transfer to Bitbuy

Bitbuy will show you the security question and answer to send an e-transfer to them to buy Bitcoin.

Login to your online banking platform and send an e-Transfer.

deposit funds Interac etransfer Bitbuy

Funds deposited to Bitbuy via e-transfer should be near instant in your Bitbuy account.

Trade $CAD for Crypto on Bitbuy

Bitbuy offers an Express Trade and a Pro Trade option to buy, sell or trade crypto.

Express Trade Bitbuy

Bitbuy Pro Trade

On the Express Trade page.

Select if you want to Buy or Sell.

Choose the crypto from the dropdown menu.

Click > Use All or enter the dollar amount.

Click > Buy Bitcoin.

You can now see the balance of your Bitcoin and altcoins on the Account page or the Holding page.

Withdraw Bitcoin from Bitbuy to Your Wallet

Go to > Holdings

Click > Withdraw

Withdraw Bitcoin From Bitbuy

Wallet

Open up your wallet. Select the corresponding digital asset.

Copy > Receive address. Bitcoin in my case.

Receive Bitcoin from Shakepay

Make a mental note of the first and last 4 digits of the address to confirm you paste the correct address.

send bitcoin

Scan the QR code and send me some Bitcoin. ;)

Send Bitcoin from Bitbuy to Your Wallet

Click > Use Available Balance or enter your desired amount.

Paste > Receive the wallet address that you copied from your wallet.

Click > Continue > Send.

And in a few minutes, your crypto assets should appear in your wallet.

Is Bitbuy a Wallet

No. Bitbuy is a crypto exchange. A wallet generates 12 or 24 word seed phrase. This is how you custody of your digital assets.

Leaving your cryptocurrency on exchanges is risky. It is always best to send your crypto to a wallet you control.

Wallet Seed Phrase Security Tips

  • Write on paper and store your 12-word secret phrase offline in a secured location.
  • Never share or input your secret phrase online, in your notes app, direct/private messages, or on any website.

BitBuy Summary