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Canadian cryptocurrency exchange Bitbuy is offering all new registrants an extra CAD 20 deposit bonus when they register using a Cryptonews-exclusive link. Bitbuy is the only Canadian cryptocurrency exchange offering 1:1 insurance on its users’ BTC funds, making it one of the most secure places to trade if you’re looking for a native exchange.
Bitbuy: Customer Security at the Forefront
Unfortunately, the crypto space is often the victim of malicious acts. From outside hacks to swindling founders, many would-be traders do not dare start because they’re afraid of losing their hard-earned money. Like everyone in the world, Canadians were not exempt from this either: in 2019, Canada’s then-largest cryptocurrency exchange, QuadrigaCX, closed as its founder had reportedly died and with him, the exchange’s private keys were lost. This event shook the faith of Canadians and international users alike, as around CAD 195m total were lost.
Bitbuy realized the importance of making their customers feel safe when trading cryptocurrencies. In order to prevent another QuadrigaCX event, Bitbuy has insured their users’ funds 1:1 in what may be the first such guarantee in the industry. Canadian Bitcoin custody provider Knox, which usually works with institutional investors and service providers, is the partner insuring the customers’ BTC for Bitbuy. Bitbuy has Proof of Solvency, which ensures transparent accounting of all exchange traded assets. These are all factors that can keep retail and institutional investors alike safe from doubt.
Other security measures employed by Bitbuy include two-factor authentication, regular audits, a privately maintained codebase that keeps core components closed source, and compliance with the Canadian Money Service Business (MSB), among other things. Additionally, the exchange offers excellent customer support, with responses within 12 hours or less.
To learn more about Bitbuy, read our review here.
How to Claim Your Bonus
If you reside in Canada and want to trade cryptocurrencies, Bitbuy has an excellent offer for you. Here are the steps on how to claim your bonus:
- Follow this link and register with the exchange.
- Make a deposit of at least CAD 250 (but you’re always free to add more!)
- A deposit bonus of CAD 20 will be automatically added to your account.
- Happy trading!
If you’re still on the fence about whether you want to participate, hurry! The offer is only valid through June 15th. And with lower fees as a feature of the new launch, Bitbuy is the best cryptocurrency exchange for Canadians who want to feel secure and trade in peace. Additionally, more cryptocurrencies will be added soon—check back often to see which ones—and users who want to trade on the go will be able to do so with both an iOS and an Android app.
What are you waiting for? Follow this link and claim your bonus today!