Bitbuy vs Coinsquare: Which is Best? [2025]
Key differences
- Coinsquare supports 60+ cryptocurrencies with 3,000+ trading pairs, while Bitbuy supports 33 cryptocurrencies.
- Coinsquare offers staking rewards up to 12.77% on 10 cryptocurrencies, while Bitbuy does not offer staking.
- Coinsquare has lower fees with 0% trading fees (spread-based) on Trade platform, while Bitbuy has 1% spread and 1.5% trading fee.
- Coinsquare is Canada's first regulated crypto exchange with CIRO registration, while Bitbuy is registered with OSC and FINTRAC.
Bitbuy vs Coinsquare Fees Calculator
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Bitbuy vs Coinsquare in Comparison
Description
Fast, secure Canadian exchange with high limits and BTC insurance.
Coinsquare is Canada's first regulated cryptocurrency exchange, registered as a CIRO Investment dealer and marketplace member.
Supported Countries
Only available in Canada. Registered with Ontario Securities Commission (OSC) and FINTRAC.
Canada only
Supported Cryptocurrencies
33 cryptocurrencies including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, and more
60+ cryptocurrencies including Bitcoin, Ethereum, Solana, DOGE, PEPE, and many others with over 3,000 trading pairs
Fees
- Withdrawal Fees:
- Interac e-Transfer: Free
- Bank Deposit: 1.5%
- Wire Transfer: 1.5%
- BTC: 0.0005 BTC
- Coinsquare Trade:
- Spread: 0.5% - 1.85% (up to 3.85% max in extreme conditions)
Coinsquare Pro:- Maker Fee: 0.50%
- Taker Fee: 0.50%
Deposit Fees:- Interac e-Transfer: 0%
- Wire Transfer: 0%
Withdrawal Fees:- Interac e-Transfer: 0%
- Wire Transfer: 1.5%
- Direct Bank Deposit: 1.5%
Payment Methods
Interac e-Transfer, Bank Account, Credit Card, Debit Card
Interac e-TransferWire TransferBank AccountDebit Card
Do These Exchanges Allow you To Earn Interest on Crypto?
Up to 11.57%
Earn up to 11.57% APY through crypto staking on ETH, SOL, DOT, MATIC, ADA, NEAR, ATOM, INJ, and TIA. Auto-compounding rewards with no lockup periods. Staking fees up to 30% on rewards (Bitbuy) + 9% (BitGo custodian). First TSX-listed company with OSC regulatory approval for staking.
2.29% - 12.77%
Earn staking rewards on 10 cryptocurrencies including ETH (2.29%-2.89%), SOL (5.57%), ATOM (12.77%), DOT (7.75%), MATIC (2.63%), ADA (1.26%), NEAR (6.39%), TIA (7.41%), and INJ (7.2%). Coinsquare charges up to 30% fee on staking rewards.
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: 4.0 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.
Client assets are held in trust with external, licensed custodians (Coinbase Custody, BitGo Trust Company) with $680M USD in insurance. Cash accounts are insured by CIPF up to $1M CAD. Features cold storage, 2FA, and regular security audits.
Have These Exchanges Been Hacked Before?
No. No publicly reported major hacking incidents.
No reported loss of customer funds.
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
"Fast verification, quick to get money in and out, the perfect app."
- Real user review from iOS App Store, Android Play Store or Trustpilot
Bitbuy vs Coinsquare Comparison
Fee Structures
Bitbuy charges a 1.5% trading fee with a 1% spread fee. Free Interac e-Transfer deposits and withdrawals, but charges 1.5% for bank deposits and wire transfers.
Coinsquare charges 0% trading fees on their Trade platform (uses spread-based pricing), or 0.5% maker/taker fees on their Pro platform. Free Interac e-Transfer deposits and withdrawals, but charges 1.5% for wire transfers and bank deposits.
Feature Set
Bitbuy offers 33 cryptocurrencies with auto-DCA features, wallet included, and human support. Focuses on simplicity and security with high limits and BTC insurance.
Coinsquare offers 60+ cryptocurrencies with over 3,000 trading pairs, staking rewards up to 12.77% on 10 cryptocurrencies, OTC trading, and multiple trading platforms (Trade, Pro, Wealth, Staking).
Payment Methods
Bitbuy supports Interac e-Transfer, bank account, credit card, and debit card. All deposit methods are free, with withdrawal fees only on bank deposits and wire transfers.
Coinsquare supports Interac e-Transfer, wire transfers, bank account, and debit card. All deposit methods are free, with withdrawal fees only on wire transfers and bank deposits.
Geographic Availability
Both Bitbuy and Coinsquare are available only in Canada. Both are registered with Canadian regulatory authorities and require identity verification for all accounts.
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