Bitbuy Vs Beaver Bitcoin: Which Is Better For Canadians In 2026?

How Do Bitbuy And Beaver Bitcoin Compare, Fact By Fact?

Every row below comes from each company’s own pages and the Canadian registries, checked October 2026. Where a row has no fair winner, it says so.

What Are The Key Differences Between Bitbuy And Beaver Bitcoin?

How Do You Fund And Cash Out Bitbuy And Beaver Bitcoin In Canada?

Funding for the live platform is now on Robinhood. Bitbuy-specific limits are Not published. Your bank's own Interac and wire limits also apply. Spending limits per account were not published beyond the tier caps.

What Does It Actually Cost To Buy On Beaver Bitcoin?

Beaver Bitcoin: Flat 1.5% on Bitcoin purchases, network fee paid by Beaver (beaverbitcoin.com, 2026-10-03). Sell fee Not published. Ranges reflect each platform’s published band, not a single quote. Bank and network fees are not included.

What Do Bitbuy And Beaver Bitcoin Offer Beyond Buying And Selling?

Bitbuy Only

• Staking: Staking on nine coins including ETH, SOL, ADA and DOT, with a combined 39% cut of rewards (30% Bitbuy plus 9% custodian).
• OTC desk and Private Wealth: Offered for large trades.

Beaver Bitcoin Only

• Instant, Large and Recurring Buy: Instant Buy by e-Transfer up to CAD 20,000, Large Buy by bill payment or wire up to CAD 100,000, Recurring Buy by pre-authorized debit.
• Beaver Plaid: Personal service for purchases above CAD 100,000 by bill payment or wire.
• Sell Bitcoin: Sell BTC for CAD; terms are in the help centre.

What Happens To Your Money If Bitbuy Or Beaver Bitcoin Fails?

Bitbuy: Existing Bitbuy users should watch for Robinhood migration emails and read the new terms and fees before accepting. Accounts are held by Coinsquare Capital Markets Ltd., a CIRO-regulated dealer, and the registry says the CSA entry for Bitbuy Technologies Inc. is expired. If you do not want to move, withdraw your crypto to a wallet you control. CIPF covers cash but never crypto.

Beaver Bitcoin: Beaver is a FINTRAC-registered money services business, which covers anti-money-laundering reporting, not investor protection: it is not on the CSA list and CIPF does not apply. Because it holds no customer bitcoin, a hack or failure of Beaver would mostly hit money in transit or a pending order, not your stored coins. The residual risks are a failed or delayed purchase, an unpublished sell process, and the shorter operating history since 2022. Its FINTRAC number changed in 2026 after the old registration expired.

How Are Bitbuy And Beaver Bitcoin Treated For Tax In Canada?

Bitbuy: Selling or swapping crypto on Bitbuy was a disposition for CRA purposes. Export your full transaction history before your account is migrated or closed. Export formats: Not published.

Beaver Bitcoin: Buying bitcoin with CAD is not a disposition. Selling for CAD, or spending bitcoin, is a disposition you report to the CRA. Beaver publishes no tax export that we could verify, so keep your own records.

Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.

Which Should You Choose, Bitbuy Or Beaver Bitcoin?

Choose Bitbuy If

• You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.
• You hold a Bitbuy account and want to compare it with what Robinhood is offering before you accept the migration.

Choose Beaver Bitcoin If

• You want bitcoin delivered straight to your own wallet with no account balance
• You want a simple recurring buy by pre-authorized debit
• You accept a flat 1.5% fee and a FINTRAC-only registration

What Happened To Bitbuy?

Bitbuy is no longer a separate platform. Its accounts were moved to Coinsquare Capital Markets Ltd. (CCML) on May 28, 2024, because its CSA relief was time-limited and it had to move to CIRO oversight. Since Robinhood closed its WonderFi purchase on June 1, 2026, the Bitbuy site tells users it is now part of Robinhood and invites customers to move to the Robinhood app.

The FINTRAC registry lists Bitbuy Technologies Inc. (M20728803) as ceased on February 20, 2025, and the CSA files Bitbuy Technologies Inc. under expired decisions. The live CSA entry is Coinsquare Capital Markets Limited. Robinhood launched crypto trading in Canada on July 1, 2026 with 50+ coins and a flat 0.5% CAD fee for the first few months, and a zero-fee promotion for Canada ended September 30, 2026. Its fee schedule sets the fee at 0.5% through October 31, 2026 and 0.95% from November 1, 2026. Staking was not available at the Robinhood launch, and crypto is not covered by CIPF.

What Should Existing Bitbuy Users Do?

If you have a Bitbuy account, your assets sit with CCML and you will be invited to move to the Robinhood app in phases, by email and in-app prompt. You can also withdraw to your own wallet. For a new account, I would not start on Bitbuy.

What Should Bitbuy Users Use Instead?

The closest answer on this page is Beaver Bitcoin, a Canadian, Bitcoin-only service that delivers every purchase to your own wallet. Here is what it offers, using the same sources as the cards above.

Beaver charges a 1.5% fee on Bitcoin purchases and pays the Bitcoin network fee for the delivery on top of that. When we tested it with a $100 purchase, we received exactly $98.50 worth of BTC, which is exactly what the quote promised. There is no staking, no trading screen and no ladder of tiers to learn, which keeps the cost easy to predict.

You can fund a purchase by Interac e-Transfer, wire transfer or bill payment. Beaver says e-Transfer deliveries land in minutes and a wire sent in the morning can settle the same day, but it does not publish a fee or a dollar limit for any of the three, so I will not quote one. The service is built for buying, so check how selling or cashing out works before you rely on it.

One coin: Bitcoin. That is the whole product, and for a lot of Canadians it is exactly the point. Beaver offers Instant Buy, Large Buy and Recurring Buy options, all of which deliver Bitcoin to a wallet address that you provide.

Beaver is operated by Dam Good Money Corp. and is registered with FINTRAC as a money services business (registration N300000998, registered July 13, 2026, expiry November 30, 2028). It is not on the CSA list of authorized platforms and does not operate under a CSA decision, so it is not a CSA-registered dealer. The model matters more than the label here: you must supply a wallet address, so Beaver never holds your coins and there is no exchange balance to freeze or lose. The trade-off lands on you. Set up a good wallet first and back up your seed phrase properly.

There is no trading interface to learn. You enter an amount, give a wallet address, pay, and the Bitcoin arrives. I could not verify an app-store rating for Beaver, so I will not quote one. The one hurdle is that you need a Bitcoin wallet before your first purchase, which is a real step for a total beginner.

Beaver Bitcoin: Pros And Cons

Pick Beaver Bitcoin if you only want Bitcoin, you already have a wallet or are happy to set one up, and you prefer one flat fee over a spread you have to estimate.

Is There Another Option Besides Beaver Bitcoin?

The status registry I keep for dead and departed platforms points Bitbuy users to Coinbase as the like-for-like replacement. Registered Restricted Dealer in all provinces with free Interac e-Transfer funding, the closest mainstream beginner pick in the ranking. Its regulation: cSA Restricted Dealer in all provinces and territories. Its cost: up to 1.875% Coinbase fee on simple buys (varies by payment method), plus spread. Coins: 200+.

Visit Coinbase Read My Coinbase Review

Not sure either fits? My ranking of the best crypto exchanges in Canada and the exchange quiz sort the field by what you actually need.