Bitbuy Referral Code: Get a $50 Bonus in April 2024

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

When you open a new account through our Bitbuy referral code or promotional link, you get a $50 bonus after making an initial deposit exceeding $250.

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 (40+).

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 $50 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 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 deposit at least $250 to start, you both get a $20 to $50 bonus.

Note that multiple deposits adding up to $250 do not count. The initial deposit must meet the $250 minimum requirement.

Bitbuy Fees

Trading fees range from 0% to 2% when you buy and sell cryptocurrency, while fiat deposits are free.

There is no fee for depositing digital currency; however, you pay a fee when withdrawing.

Pros of BitBuy

• Instant verification is available for new clients
• Trading fees are clear upfront
• The platform supports both beginner and advanced traders
• Fairly competitive spread and good liquidity
• OTC desk and staking
• 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 approved by the Ontario Securities Commission and the Canadian Securities Administrators as the first Canadian registered marketplace for crypto assets. It is also registered as a Money Service Business with FINTRAC.

Bitbuy holds 90% of coins in cold storage and 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 into 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 their first deposit is $250 or more. CoinSmart is now owned by WonderFi, which owns Bitbuy.

Wealthsimple Crypto: The platform supports 50+ coins, including BTC and ETH. Sign up for Wealthsimple Crypto and get a $25 bonus after depositing $200 or more. You can also 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.