Bitbuy: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- Coinsquare Capital Markets Ltd.
- Fees
- Spot maker / taker: Pro Trade 0.50% maker / 0.50% taker standard rate; 0% maker / 0.10% taker at Tier 4 ($5m+ volume) (as of 31 October 2026)
- Risks and caveats
- Crypto assets are not covered by CIPF; only the cash portion is.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Exchange launched
- 2016
- Country of registration
- Canada
- Operator
- Coinsquare Capital Markets Ltd. (Toronto, Canada); Bitbuy is its trade name
- Official site
- bitbuy.ca/en-ca
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is Bitbuy
Bitbuy is a Canadian crypto trading platform established in 2016. It is a trade name of Coinsquare Capital Markets Ltd., a CIRO-regulated investment dealer in the WonderFi group, which Robinhood acquired on 1 June 2026. It offers Express Trade, Pro Trade, staking and OTC (Private Wealth).
Good to know
- Bitbuy is a trade name: the legal counterparty is Coinsquare Capital Markets Ltd. ↗
- Robinhood completed its acquisition of WonderFi, the owner of Bitbuy, on 1 June 2026; Robinhood says Bitbuy and Coinsquare will become part of the Robinhood brand. ↗
- CIPF covers only the cash portion of an account, not crypto assets. ↗
- Express Trade has no trading fee; the cost is built into the quoted spread. ↗
- Staking commission is taken from rewards, e.g. 25% for ETH and 28% for SOL (as of 31 October 2026). ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | Express Trade (spread-based quotes) and Pro Trade (order book, maker/taker fees). |
| Staking / Earn | Staking of ETH, SOL, ADA, DOT and other assets; commission deducted from rewards. |
| Fiat deposits | CAD by Interac e-Transfer (free) and wire. |
| Custody / wallet | Crypto held in trust at Coinbase Custody Trust Company and BitGo Trust Company, among other custodians. |
| OTC | Private Wealth (OTC) desk. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Canada | Coinsquare Capital Markets Limited | Crypto Asset Trading Platform authorized to do business with Canadians; CSA decision of 11 October 2024 (CSA list) | Canadian Securities Administrators (CSA) |
| Canada | Coinsquare Capital Markets Ltd. | Member of CIRO; registered with the OSC and CSA as a crypto asset trading platform (company statement) | Canadian Investment Regulatory Organization (CIRO); Ontario Securities Commission |
| Canada | Coinsquare Capital Markets Ltd. | Registered with FINTRAC as a money services business (company statement; MSB number not published) | FINTRAC |
Proof of reserves as of 13 November 2023
Method: Annual proof of reserves and platform due-diligence report by a third party; cold-storage share published per token. Blockchain Intelligence Group ↗
Security and audits
- Bitbuy states that crypto is backed 1:1 and that over 90% is held in insured cold storage with a qualified custodian (BitGo).
- The 2023 report states 97.59% of client funds were in cold storage (timestamps 13 November 2023).
- Two-factor authentication; servers with ISO, SOC and FIPS 140-2 compliant cloud providers.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): status.bitbuy.ca/history.rss, bitbuy.ca/sitemap.xml, bitbuy.ca/en-ca/updates/bitbuys-commitment-to-se, hacked.slowmist.io, defillama.com/hacks, rekt.news/leaderboard
Fees
| Parameter | Details |
|---|---|
| Spot maker / taker | Pro Trade 0.50% maker / 0.50% taker standard rate; 0% maker / 0.10% taker at Tier 4 ($5m+ volume) (as of 31 October 2026) |
| Express trade | No trading fee; spread included in the quote (as of 31 October 2026) |
| Deposits | CAD Interac e-Transfer and wire deposits 0%; crypto deposits free (as of 31 October 2026) |
| Withdrawals | CAD Interac e-Transfer 0% (max $2,000, once per 24 hours); direct bank and wire 1.5% (as of 31 October 2026) |
Who can use it
- Verification: Users must be of the age of majority where they live and provide accurate identity information.
History
| Date | Event |
|---|---|
| 2016 | Bitbuy is established in Canada. |
| 2019 | Bitbuy publishes its first proof of reserves. |
| 13 November 2023 | Fourth annual proof-of-reserves report by Blockchain Intelligence Group (the latest on the site as of 31 October 2026). |
| 11 October 2024 | CSA decision for Coinsquare Capital Markets Limited as a crypto asset trading platform. |
| 1 June 2026 | Robinhood completes its acquisition of WonderFi, Bitbuy's parent. |
Risks and caveats
- Crypto assets are not covered by CIPF; only the cash portion is.
- Blockchain transactions cannot be reversed once sent.
- Crypto is held in omnibus custodial accounts with third-party custodians.
About the company
- Legal entity
- Coinsquare Capital Markets Ltd.
- Parent company
- WonderFi, owned by Robinhood Markets, Inc. since 1 June 2026
- Founded
- 2016
- Headquarters
- Toronto, Ontario, Canada (mailing address 304-371 Front St.)
Official links
- Website: bitbuy.ca/en-ca
- Fees: bitbuy.ca/en-ca/fees
- Proof of reserves: bitbuy.ca/en-ca/proof-of-reserves
- Licences: bitbuy.ca/en-ca/legal-and-regulatory-documents
- Terms of use: bitbuy.ca/en-ca/legal/ccml-caa
- Security: bitbuy.ca/en-ca/security
Questions and answers
Is Bitbuy regulated?
Bitbuy is operated by Coinsquare Capital Markets Ltd., a CIRO member that appears on the CSA list of crypto asset trading platforms authorized to do business with Canadians (decision of 11 October 2024) and is registered with FINTRAC as a money services business.
Does Bitbuy publish proof of reserves?
Bitbuy says it publishes yearly reports, but the latest one on its site is dated 13 November 2023 (by Blockchain Intelligence Group, 97.59% of client funds in cold storage at that time); no newer report was found as of 31 October 2026.
What are Bitbuy's fees?
As of 31 October 2026 Express Trade has no trading fee but uses a spread; Pro Trade lists 0.50% maker and taker, and CAD Interac e-Transfers are free.
Who owns Bitbuy?
Bitbuy is a trade name of Coinsquare Capital Markets Ltd., part of WonderFi. Robinhood Markets, Inc. completed its acquisition of WonderFi on 1 June 2026 and says Bitbuy will become part of the Robinhood brand.
Sources
- Bitbuy - Home
- Bitbuy - Fees
- Bitbuy - Proof of Reserves
- Bitbuy - Security
- Coinsquare Capital Markets - Client Account Agreement
- Canadian Securities Administrators - Crypto platforms authorized to do business with Canadians
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