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Bitbuy Vs Coinbase – Which Cryptocurrency Exchange is Better?

Bitbuy Vs Coinbase – Which Cryptocurrency Exchange is Better? When it comes to cryptocurrencies, Bitbuy has the edge over Coinbase in many ways, but there are still some areas where it can be outdone. In this article, we’ll go over how Bitbuy differs from Coinbase in terms of fees, minimum funding requirements, and security. There’s also a lot to like about the user-experience, so keep reading to find out which platform is better for you!

Comparing Bitbuy vs Coinbase

There are some pros and cons when it comes to comparing Coinbase and Bitbuy, but there’s no denying that the latter is the safer option. Coinbase stores 99 percent of your digital assets offline, while Bitbuy only stores about two percent of its assets in hot wallets. However, the difference between the two lies in the fees you’ll pay. Compared to Coinbase, Bitbuy’s fees are lower.

For example, Coinbase charges a 0.5% transaction fee and is only available in Canada. Bitbuy, on the other hand, charges only 0.1% for market trading. Both companies follow best crypto exchange security practices. Additionally, both platforms have searchable FAQ databases that are updated daily, and live chat messaging and phone support is available. But these aren’t the only differences between the two platforms. Which is better for your trading?

Comparison of fees

Both Bitbuy and Coinbase charge trading fees, but both have lower fees than most cryptocurrency exchanges. These fees are calculated based on the amount of money deposited in each account. Generally, a trader will pay 0.1% to 0.20% of the total value of the transaction. However, some fees vary depending on the transaction type, including an Interac fee of 1.5%. In addition, Bitbuy has a lower deposit fee than most cryptocurrency exchanges, and its fees for withdrawals and deposits are slightly higher.

Despite the similarities in the trading process between Coinbase and Bitbuy, the two exchanges have very different pricing structures. For example, Coinbase has more exchanges across the world, while Bitbuy only supports 19 cryptocurrencies. Those who prefer to use the latter are likely to prefer this option. However, when comparing fees and other features, Bitbuy is definitely the better option. It also supports the most popular cryptocurrencies, which makes it a more attractive option when compared to Coinbase.

Minimum funding requirement

In order to buy cryptocurrency, you must deposit at least $50 to make purchases. But you can also invest as little as $2 if you want. While most cryptocurrency exchanges don’t charge a fee for deposits, Bitbuy charges 1.50% if you want to deposit fiat. If you’d like to trade for cryptocurrencies, you can also pay a 0.20% maker/taker fee. Bitbuy has a trading discount for people who hold millions of dollars of crypto.

Bitbuy is one of the best crypto exchanges in Canada. It is home to over three hundred thousand users and has seen over $4 billion in crypto flow through its platform. Both platforms offer an easy to use interface and high trading limits. But if you’re looking for a simple and affordable way to invest in crypto, Bitbuy is the better choice. However, if you’re new to crypto investing, there’s no need to worry. Bitbuy and Coinbase have their pros and cons.

Security

When it comes to cryptocurrency exchange security, Bitbuy has the edge over Coinbase. The platform uses multiple cloud providers, conducts frequent security audits, and is privately maintained. Bitbuy uses Secure Socket Layer to secure all user funds. Moreover, the website is easy to use, with features like Pro Trade and Express Trade. However, users should keep in mind that Bitbuy only lists a limited number of crypto assets, and it is only available in Canada.

Moreover, Bitbuy uses third-party security audits to maintain a high level of security. It also maintains active monitoring of its platform, which reduces slippage. Bitbuy also supports multiple order types and uses trusted third-party security auditors. It also conducts security audits every month, and has a quarterly financial and security audit. Nonetheless, Bitbuy has some security gaps, and it may not be secure enough.

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