Bitbuy vs Binance: Which is Best? [2025]
Key differences
- Binance supports 350+ cryptocurrencies, while Bitbuy supports 33 cryptocurrencies.
- Bitbuy is Canada-only with Canadian regulatory compliance, while Binance is available in 100+ countries globally.
- Binance offers significantly lower trading fees with volume-based discounts, while Bitbuy has higher but simpler fee structure.
- Bitbuy offers human support and built-in wallet, while Binance focuses on advanced trading features.
Bitbuy vs Binance Fees Calculator
We built this fee calculator to help you compare the fees of Bitbuy and Binance.
Enter the amount you want to buy and we'll show you the estimated fees for each exchange.
Bitbuy vs Binance in Comparison
Description
Fast, secure Canadian exchange with high limits and BTC insurance.
Global cryptocurrency exchange with extensive trading features and high liquidity.
Supported Countries
Only available in Canada. Registered with Ontario Securities Commission (OSC) and FINTRAC.
Available in over 100 countries. Notable regions include: Africa (South Africa), Americas (Argentina, Brazil, Chile, Colombia, Mexico, Peru), Asia & Pacific (Australia, India, Indonesia, Japan, Philippines, New Zealand), Europe (France, Italy, Poland, Spain, Switzerland), and Middle East (UAE, Saudi Arabia, Israel).
Supported Cryptocurrencies
33 cryptocurrencies including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, and more
350+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and many more
Fees
- Withdrawal Fees:
- Interac e-Transfer: Free
- Bank Deposit: 1.5%
- Wire Transfer: 1.5%
- BTC: 0.0005 BTC
- Trading Fees:
- Regular User: 0.1000% / 0.1000% (Maker/Taker)
- With BNB discount: 0.0750% / 0.0750%
- VIP tiers available with lower fees (down to 0.0110% / 0.0230%)
- Fees decrease with higher 30-day trading volume and BNB holdings
- Deposit Fees:
- SEPA Bank Transfer (EUR): 1 EUR
- Credit/Debit Card: 2.00%
- Bank Transfer: 0-1.40% (varies by region)
- P2P Express: Free
- Withdrawal Fees:
- SEPA Bank Transfer (EUR): 1 EUR
- Bank Transfer: Varies by currency (e.g., 120 AED, 3.5 BRL, 150 JPY)
- P2P Express: Free
- Corporate Bank Transfer: Varies by region
Payment Methods
Interac e-Transfer, Bank Account, Credit Card, Debit Card
Bank Transfer (SEPA), Credit/Debit Card, P2P Express, Online Banking, Corporate Bank Transfer (varies by region)
Do These Exchanges Allow you To Earn Interest on Crypto?
Mobile App Ratings
iOS Rating: 4.5 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.5 Official rating from the Android Play Store as of November 18, 2024.
iOS Rating: 4.6 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.7 Official rating from the Android Play Store as of November 18, 2024.
Storage
Multi-tiered security system with servers secured across multiple world-class cloud providers. Features include 2FA authentication, comprehensive BitGo insurance policy, proof-of-solvency accounting, routine financial/security audits, and privately maintained closed-source codebase. First Canadian registered marketplace for crypto assets, federally approved as a Restricted Dealer.
Industry standard security measures including 2FA authentication, cold storage, SAFU fund for asset protection
Have These Exchanges Been Hacked Before?
No. No publicly reported major hacking incidents.
Two major incidents - October 2022 BNB Chain hack ($570M), May 2019 exchange hack ($40M). Both incidents were addressed and user funds were secured.
Official Site
Exchange Review
No review available
"Bravo Bitbuy! Hands down best Bitcoin buying app in Canada. I have used all of the other crypto apps in Canada including Coinsquare, Coinberry and Shakepay. This is by far the best app out of them all. I love the quick turnaround times, low BTC prices and lightening fast customer service."
- Real user review from iOS App Store, Android Play Store or Trustpilot
No review available
"I really love the Binance app! The interface is user-friendly and very smooth to use. Market data updates quickly, helping me seize trading opportunities in a timely manner. I am very satisfied with the app's security, allowing me to trade with peace of mind."
- Real user review from iOS App Store, Android Play Store or Trustpilot
Bitbuy vs Binance Comparison
Fee Structures
Bitbuy charges a 1.5% trading fee plus a 1% spread fee, resulting in a total cost of 2.5% for Bitcoin purchases. They offer free Interac e-Transfer deposits and withdrawals, but charge 1.5% for bank deposits and wire transfers.
Binance uses a volume-based fee structure starting at 0.10% for regular users, with fees decreasing to as low as 0.01% for high-volume traders. VIP tiers and BNB token discounts can further reduce fees. No spread fees apply, and deposit/withdrawal fees vary by payment method and region.
Feature Set
Bitbuy offers a simple, user-friendly platform with 33 cryptocurrencies, built-in wallet functionality, Auto-DCA features, and human customer support. They focus on Canadian users with regulatory compliance through OSC and FINTRAC.
Binance provides an advanced trading platform with 350+ cryptocurrencies, margin trading, futures, staking, recurring purchases (DCA), and comprehensive trading tools. They offer global accessibility with support for multiple languages and payment methods across 100+ countries.
Geographic Availability
Bitbuy is exclusively available in Canada, registered with the Ontario Securities Commission (OSC) and FINTRAC. They are the first Canadian registered marketplace for crypto assets.
Binance is available in over 100 countries including Africa (South Africa), Americas (Argentina, Brazil, Chile, Colombia, Mexico, Peru), Asia & Pacific (Australia, India, Indonesia, Japan, Philippines, New Zealand), Europe (France, Italy, Poland, Spain, Switzerland), and Middle East (UAE, Saudi Arabia, Israel).
Payment Methods
Bitbuy supports Interac e-Transfer (free), Bank Account, Credit Card, and Debit Card. Free deposits via Interac e-Transfer and wire transfers, with 1.5% fees for bank deposits and wire withdrawals.
Binance supports Bank Transfer (SEPA), Credit/Debit Card (2% fee), P2P Express (free), Online Banking, and Corporate Bank Transfer. Fees vary by region and payment method, with SEPA transfers costing 1 EUR for deposits and withdrawals.
Security Features
Bitbuy implements a multi-tiered security system with servers across multiple cloud providers, 2FA authentication, comprehensive BitGo insurance policy, proof-of-solvency accounting, and routine financial/security audits.
Binance uses industry standard security measures including 2FA authentication, cold storage, and SAFU fund for asset protection. They have experienced two major security incidents but have addressed them and secured user funds.
Customer Support
Bitbuy offers human customer support with quick response times, as noted in their positive reviews. Binance provides 24/7 support through multiple channels including live chat, email, and comprehensive help center.
Additional Features
Bitbuy includes Auto-DCA functionality, built-in wallet, and focuses on long-term Bitcoin accumulation with Canadian regulatory compliance.
Binance offers advanced trading features, staking rewards, margin trading, futures trading, and extensive educational resources.
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