Bitbuy Referral Code (May 2022): $50 Signup Bonus

May 11, 2022
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Bitbuy Crypto Exchange

Bitbuy is one of Canada’s top crypto exchanges, and for good reason: it supports 17 cryptocurrencies, verifies accounts instantly, and provides extra security for your coins with its 99% cold storage policy. More than 400,000 Canadians trust and use Bitbuy, and we recommend it as an excellent choice for trading crypto.

By using our Bitbuy referral code YOREOYSTER or our Bitbuy referral link (no referral code required), you’ll receive a $50 signup bonus after depositing $250 into your Bitbuy account. That’s the highest referral bonus anywhere on the Internet, and it’s yours if you just follow the steps below.

CLAIM MY $50 BONUS
Free account, instant verification

What Is Bitbuy?

Bitbuy is a Toronto-based cryptocurrency exchange that’s been growing extremely quickly so far in 2022. They now serve more than 400,000 Canadian users, making them one of the biggest and most trusted cryptocurrency exchanges in Canada.

Bitbuy offers very competitive trading fees, tight spreads, and fast, helpful customer support. Its desktop platform and mobile app are well-rated and easy to use, making Bitbuy a great choice for both beginners and advanced traders looking to buy and sell crypto in Canada.

To learn more about Bitbuy, here’s our full Bitbuy review.

How To Use A Bitbuy Referral Code

Bitbuy’s referral program is designed to reward new users for joining their platform. By using our Bitbuy referral code YOREOYSTER or our Bitbuy referral link (no referral code required), you’ll receive a $50 signup bonus after depositing $250 or more.

Immediately upon funding your account, you’ll receive your bonus and get your own referral code, which you can use to refer friends. You’ll receive an additional $40 for every friend you refer, and they’ll receive a $40 signup bonus, too.

To get your $50 signup bonus:

  • Visit Bitbuy’s website using our Bitbuy referral link. Submit your email address to start the signup process.
  • Fill in your basic information including name, mailing address, and date of birth.
  • Verify your identity using your passport, driver’s license or ID card. After depositing $250 or more, you’ll instantly receive the $50 referral bonus.

We outline the entire signup process in greater detail in the How To Sign Up With Bitbuy section below.

Lowest Fees

Trading fees: 0.1% – 0.2%
Security: 99% cold storage
Signup bonus: $50

Serving over 400,000 Canadians

★★★★★

Rated 4.8/5

What Coins Does Bitbuy Offer?

Bitbuy currently offers 17 cryptocurrencies:

Bitcoin (BTC)Bitcoin Cash (BCH)Dogecoin (DOGE)
Ethereum (ETH)EOSPolygon (MATIC)
Litecoin (LTC)Chainlink (LINK)Cardano (ADA)
Solana (SOL)AAVESushiSwap (SUSHI)
Stellar (XLM)Polkadot (DOT)Uniswap (UNI)
Decentraland (MANA)USDC

Bitbuy Fees

Bitbuy’s fees are very competitive compared to other Canadian crypto exchanges. Fees differ slightly depending on if you’re using the Bitbuy’s Express Trade (1-click trading) or Pro Trade (advanced desktop platform) functionality. Here’s how the fees break down:

  • Express Trade transactions carry fees of 0.20%, plus spreads of around 0.30% for a total of around 0.50%.
  • Pro Trade transactions carry fees of 0.10% on limit trades and 0.20% on market orders, plus spreads of around 0.30% for a total of around 0.40% – 0.50%.

With Bitbuy, all cryptocurrency deposits are free, and crypto withdrawals are subject to these fees:

CryptocurrencyFee
Bitcoin (BTC)0.00025 BTC
Ethereum (ETH)0.005 ETH
Litecoin (LTC)0.02 LTC
Bitcoin Cash (BCH)0.001 BCH
Stella (XLM)0.02 XLM
Ripple (XRP)0.02 XRP
EOS0.02 EOS
Aave (AAVE)0.03 AAVE
Chainlink (LINK)0.3 LINK

Fiat currency deposits and withdrawals incur these fees to/from your bank account:

Fiat transaction typeFee
INTERAC e-Transfer Deposit1.50%
INTERAC e-Transfer Withdrawal1.50%
Bank Wire Transfer Deposit0.50%
Bank Wire Transfer Withdrawal1.00%

Overall, Bitbuy’s trading fees are very competitive and its deposit and withdrawal fees are around average for the industry. This makes Bitbuy a great exchange for frequent traders or anyone who doesn’t plan to deposit and withdraw money to/from their account frequently.

How To Sign Up With Bitbuy

#1 Visit Bitbuy’s website using our Bitbuy referral link. Click on the signup button.

#2 Enter your basic information, including your name, date of birth, and our promo code YOREOYSTER. You’ll also be asked the type of account you want (select “Individual”), your occupation, and to choose a password.

Note: If you don’t see the promo codes field after signing up using our link, that’s because our Bitbuy promo code has been applied automatically. Don’t be alarmed—you can safely continue knowing that you’ll receive the bonus.

#3 Click the verification link in the email sent to your email account. From there, Bitbuy will send you a text message, which you’ll need to verify as well.

Then Bitbuy will ask you to verify your identity using your passport, driver’s license or another piece of government-issued ID. You’ll also need to upload a selfie with that same piece of ID, so if you’re signing up on your computer, it helps to have your phone handy for this part of the process.

Note: Most Bitbuy accounts are verified instantly, but if yours isn’t, you may need to wait a few days for one of their team members to verify your account. Verification times are getting longer because Bitbuy has become so popular over the past number of months, so it’s a good idea to start the process now.

#4 Once your account has been verified, you can deposit money into your account. You can do this via Interac e-transfer or wire transfer, but I recommend the Interac e-transfer because it happens instantly and your bank won’t charge you any fees.

Note: Make sure to deposit $250 or more in your first deposit. Multiple deposits adding up to $250 do not count, so make sure to hit $250 with your first deposit.

#5 As soon as your deposit is processed, you’ll receive your $50 bonus. It will show up in your account alongside the other funds you deposited, and you can use it to buy crypto right away.

CLAIM MY $50 BONUS
Free account, instant verification

Pros & Cons Of Bitbuy

Pros of Bitbuy

  • Extremely low trading fees (0.1% – 0.2%)
  • Narrow spreads on trades (around 0.3% per trade)
  • Instant account verification for many Bitbuy users
  • 99% cold storage policy
  • Helpful, thoughtful customer support team
  • Supports 17 different cryptocurrencies
  • Well-rated mobile app (4.6/5 on the App Store)
  • Registered as a Money Service Business with FINTRAC
  • $50 signup bonus using our link

Cons of Bitbuy

  • Fiat deposits & withdrawals cost 0.5% – 1.5%
  • Crypto withdrawals cost $1 – $20 in mining fees
  • Bitbuy only accepts Canadian dollars as fiat (no USD, EUR, etc.)
Bitbuy Mobile App
The Bitbuy mobile app is known for being one of the premier crypto trading apps in Canada.

Bitbuy FAQs

Is Bitbuy Safe?

Yes, buying and selling crypto with Bitbuy is totally safe. They hold 99% of user assets in cold storage, offer 2-factor authentication on all user accounts, and engage outside auditors to look through their financial transactions and highlight any suspicious activity.

In mid-2021, Bitbuy underwent its third annual “Proof of Reserve and Security Audit” performed by Blockchain Intelligence Group. The results revealed that Bitbuy was exceeding its cold storage mandate, had a low transactional risk score, and that trading with Bitbuy is a safe endeavour overall.

Is Bitbuy Legal In Canada?

Yes, Bitbuy operates legally in Canada, and is registered both as a marketplace and as an investment dealer. It’s also a Money Service Business registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which means Bitbuy follows all Canadian regulations.

How Do I Get My Referral Code For Bitbuy?

To get your Bitbuy referral code, follow these steps:

  1. Create an account: Why not sign up with the largest referral bonus on the Internet—$50?
  2. Check your account settings: Your unique referral code will be in there. Ours is YOREOYSTER, but yours will be a string of numbers and letters.
  3. Share your link and start earning: Send your unique link to friends, post it on social media, or put it anywhere you want. The more people who sign up with your referral link, the more you’ll earn.

Can I Find A Bitbuy Referral Code On Reddit?

Yes, you can often find Bitbuy referral codes on Reddit, but none of them are as high as ours ($50). Don’t believe me? Just try to find a $50 bonus on Reddit.

When you come back, you can get your $50 signup bonus here. It’s the highest Bitbuy signup bonus anywhere on the web, guaranteed.

How Does The Bitbuy Referral Program Work?

Bitbuy’s referral program works like this:

  1. Follow the steps above to open your account.
  2. Verify your email address, phone number and government-issued ID.
  3. Deposit $250 or more to receive a $50 signup bonus.
  4. Get your own referral link from the Settings of your Bitbuy account.
  5. Share your link with friends and online to earn $40 per signup.

Conclusion

Bitbuy is one of Canada’s top crypto exchanges, and for good reason: it supports 17 cryptocurrencies, verifies accounts instantly, and provides extra security for your coins with its 99% cold storage policy. More than 400,000 Canadians trust and use Bitbuy, and we recommend it as an excellent choice for trading crypto.

By using our Bitbuy referral code YOREOYSTER or our Bitbuy referral link (no referral code required), you’ll receive a $50 signup bonus after depositing $250 into your Bitbuy account. That’s the highest signup bonus anywhere on the Internet, and it’s yours if you just follow the steps above.

Lowest Fees

Trading fees: 0.1% – 0.2%
Security: 99% cold storage
Signup bonus: $50

Serving over 400,000 Canadians

★★★★★

Rated 4.8/5

Cryptocurrency Signup Bonuses In Canada

  • CoinSmart: $50 bonus after depositing $200 or more (highly recommended)
  • VirgoCX: $30 bonus after depositing $100 or more
  • Newton: $25 bonus after depositing $100 or more

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5