Bitbuy Referral Code: Get a $40 Bonus in July 2022

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by Enoch Omololu

Updated

Advertiser Disclosure

Bitbuy is one of Canada’s top cryptocurrency exchanges. You can use it to buy and sell Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, and a few other popular cryptocurrencies.

When you open a new account through our Bitbuy referral code 1POKVVATX or promotional link, you get a $40 bonus after depositing an initial amount of $250 or more.

How to Use BitBuy

Bitbuy was founded in 2016 and has its headquarters in Toronto. You can use the platform to buy and sell BTC, XLM, BCH, ETH, LTC, EOS, Aave, and many others.

Here’s how to get started:

  • Open an account here (no promo code required) and complete the registration form. Bitbuy offers instant verification and you can be cleared to start trading within minutes.
  • Fund your account using Interac e-Transfer or bank wire. To get the $40 sign up bonus, you must make a single deposit of at least $250.
  • You can use their Express Trade platform for one-click trades. If you are an experienced trader, their Pro Trade platform offers advanced real-time charting and trading tools.
  • If you have coins in your personal wallet, you can choose to transfer them to your Bitbuy wallet to facilitate crypto-crypto trades.

Bitbuy Referral Program

Bitbuy has a referral program that pays you when your friends sign up through your referral link.

To take advantage of this offer, visit the referral section of your account to copy your referral code (e.g. 1POKVVATX) and share it with as many people as you want. You can also send them your referral link.

When people sign up using your Bitbuy promo code or link and they deposit at least $250 to start, you both get a $40 bonus.

Note that multiple deposits adding up to $250 do not count.

Bitbuy Fees

Trading fees apply when you buy and sell cryptocurrency. It ranges from 0.10% to 0.50% depending on the platform you use and the type of trade.

Deposit and withdrawal fees are up to $1.50% for fiat currency (CAD).

There is no fee to deposit digital currency, however, you pay a fee when making a withdrawal.

Pros of BitBuy

  • Instant verification available for new clients
  • Trading fees are clear upfront
  • The platform supports both beginner and advanced traders
  • Fairly competitive spread and good liquidity
  • Referral program
  • Available on desktop, iOS, and Android devices

Cons of Bitbuy

  • Trading fees are not the cheapest
  • Only supports CAD fiat

Is Bitbuy Legit and Safe?

Bitbuy is a legitimate business that has been around since 2016.

As per its website, it is registered as a Money Service Business with FINTRAC and holds 95% of coins in cold storage. It also uses two-factor authentication to protect your account.

That said, it is worth noting that cryptocurrency trading is very risky and you could lose all the funds you put in it.

Cryptocurrency App Sign Up Bonuses In Canada

Other top cryptocurrency apps offering sign-up bonuses and promotions in Canada include:

CoinSmart: This platform offers multiple coins and also accepts credit card funding. New users get a $50 bonus when you fund your account with $100 or more.

CoinSmart Crypto Exchange

coinsmart logo

Top crypto exchange in Canada

Great for new & advanced traders

0.20% trading fee

Get a $50 bonus when you deposit $200

Newton: The Newton crypto exchange has one of the lowest trading fees for crypto assets in Canada and offers many popular coins. You receive a $25 bonus when you open an account and trade $100 in crypto.

Wealthsimple Crypto: The platform supports 50+ different coins including BTC and ETH. Sign up for Wealthsimple Crypto or read our review.

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.

Bitbuy Referral Code
4.8

Summary

Bitbuy is one of the top cryptocurrency exchanges in Canada. Our Bitbuy referral code 1POKVVATX gives you a $40 bonus when you sign up.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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