Bitbuy Removes Fee Barrier for Crypto Investors in Canada

In 2018, the crypto market has generally experienced a bear market. Despite this, there have been positive developments.

Behind the scenes, a lot of blockchain and crypto projects continue to flourish and grow, one of them is Bitbuy. The year 2018 bear market has reduced the fun in the blockchain industry. This has also made it easy to miss positive developments.

In all fairness, many blockchain and crypto projects continue to boom and grow during the market downturn. Presently, we will focus on a fiat to crypto exchange based in Canada, Bitbuy.

Experience In Digital Currency

The crypto sphere still has a lot of potentials, despite the height attained by Bitcoin. Bitbuy started in 2013 as InstaBT. It is one of the oldest platforms around. Although, it is only trading on a simplified platform. However, it’s purpose has always been the same.

It offered a smooth and cheap entry point into crypto for investors in Canada. Although, trading crypto to crypto can be done for low fees. But, for many exchanges, the step from fiat to crypto and vice versa is inevitable. It’s also more expensive. This is partly because banks and payment processors consider crypto of high risk.

Also, because of the difficulty to large international exchanges to break into markets such as Canada. This is due to their domestic banking and regulatory environments. This leads to a lot of new investors in crypto. They end up paying as much as 5-8% on their first purchases.

Bitbuy Removes Fee Barrier for Crypto Investors in Canada

Importantly, Bitbuy offers as low as 0.50% fees for wire transfers. It also offers between 0.50% – 0.75% for trades between fiat and the main coins used to move funds between exchanges. Presently, they offer Bitcoin, Ethereum, Litecoin and Bitcoin Cash. They also have plans to add XRP in the near term.

To withdraw coins also requires low-cost. The low-cost combined with their applaudable customer service makes Bitbuy a smart choice. This applies to new and experienced Canadian investors.

Platform Expansion

Bitbuy is a primary product of First Ledger Corporation. They also offer OTC trading and retail merchant solutions, alongside consulting. Their success in their different arms is as a result of a strong community of users and reputation.

They have low fees and requisite experience. However, they need the name recognition. Currently, they are among the top 5 exchange in Canada. However, they aim at becoming the biggest and most reliable exchange in the country.

What is your take on the prospects of crypto in Canada? You can share your opinion on this topic and lots more on our Twitter and Telegram pages.

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Ifeanyi Egede is an experienced and versatile blockchain/crypto writer and researcher on with tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids. Learn more about how Ifeanyi Egede could be of help to your business.

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