In the evolving landscape of cryptocurrency exchanges in Canada, Bitbuy and Bull Bitcoin stand out for their unique offerings. With Bitbuy offering 60+ cryptocurrencies and a dual-platform suited for beginners and professionals, and Bull Bitcoin focusing exclusively on Bitcoin with bill payments, Lightning support and the open-source BULL Wallet, Canadian users have two distinct approaches to consider.
Bitbuy Vs Bull Bitcoin: Which Is Better For Canadians?
Bull Bitcoin wins by default for Canadians. Bitbuy accounts were moved to Coinsquare Capital Markets Ltd. in May 2024, and since Robinhood closed its WonderFi purchase on June 1, 2026 the Bitbuy site tells users it is now part of Robinhood and customers are being invited to move to the Robinhood app. Since Bitbuy no longer operates for Canadians, I recommend Coinbase (9.8/10, #1 on my list): open a Coinbase account.
How Do Bitbuy And Bull 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.
Bitbuy Vs Bull Bitcoin: Master Spec Table
Bitbuy
Bull Bitcoin
Winner
Company
Bitbuy Technologies Inc., founded in Toronto in 2016. Accounts moved to Coinsquare Capital Markets Ltd. in May 2024; parent WonderFi was bought by Robinhood on 2026-06-01. Founders: Not published.
Satoshi Portal Inc. (Alberta; Calgary registry address), operating as Bull Bitcoin. Started 2013 in Montreal. Founder and CEO Francis Pouliot. Funding and staff: Not published.
Depends
Regulation
FINTRAC MSB M20728803 Ceased 2025-02-20. Bitbuy Technologies Inc. sits under CSA Expired Decisions. Live CSA entry is Coinsquare Capital Markets Ltd., Decision 2024-10-11. Not on the CSA banned list.
FINTRAC MSB M16730720, expires 2027-11-03. Not on the CSA list, no CIRO membership, no CIPF. EU arm Leonod SARL holds AMF PSAN E21-014.
Bull Bitcoin
Assets
60+ coins offered (BTC, ETH, SOL, ADA, DOGE, DOT, USDC). Order book on Pro. Current list: see the Robinhood app.
Bitcoin only (on-chain, Lightning, Liquid BTC). No order book, no altcoins by policy, no staking or leverage.
Bull Bitcoin
Price
Express: spread, Pro: maker/taker, exact rates Not published. Robinhood signaled a flat 0.5% on CAD trades after migration.
No processing fee. Spread quote 2026-10-03: buy US$86,676.96 / sell US$83,273.82, about 2.0% each side of mid. Prime over $100,000 volume gets discounted rates.
Bull Bitcoin
CAD In
Free Interac e-Transfer, wire and bank draft were offered.
Free: Interac e-Transfer (no min or max), CAD bill payment (to 100,000), wire. Canada Post cash or debit CAD 3.95, CAD 100 to 7,500.
Bull Bitcoin
CAD Out
Not published in the sources reviewed.
Free: e-Transfer CAD 10 to 10,000 (instant), CAD bill payment from CAD 25, wire from CAD 25 (same or next business day).
Bull Bitcoin
Crypto In And Out
Crypto deposits and withdrawals to private wallets were allowed. Networks and minimums: Not published.
On-chain out free, min 0.001 BTC, about 1 hour (express: network fee). Lightning out free, max 0.15 BTC. Liquid out free, min 0.00001 BTC. Same three rails in.
Bull Bitcoin
Custody
Held with BitGo, majority in insured cold storage; quarterly proof-of-reserves under CIRO rules. Crypto was never CIPF-covered.
Non-custodial: coins go to your wallet, none are held. Fiat balances are not insured. Terms ban leaving cash in the account longer than needed.
Bull Bitcoin
Verification (KYC)
No longer available to Canadians
KYC before use (ID and proof of residence on request). Account verification takes minutes. Stated maximums assume full verification. SIN: Not verified.
Depends
Account Types
Express and Pro platforms; OTC desk and Private Wealth.
Personal; corporate with segregated accounting; Prime for individuals over $25,000, businesses, institutions and MSBs (OTC).
Bull Bitcoin
Provinces
No longer available to Canadians
Terms do not exclude any province. Aimed at Canadian, French and Mexican residents. Province list and Quebec specifics: Not verified.
Bull Bitcoin
Extra Products
Staking on nine coins including ETH, SOL, ADA and DOT, at a combined 39% fee on rewards.
Recurring buys, Autobuy on deposit, buy limit orders, bill payment with bitcoin (Bylls), BULL Wallet, Prime OTC. No card, loan, staking or referral found.
Bull Bitcoin
Tax Tools
No longer available to Canadians
Transaction export as CSV under My account, Transactions. Koinly accepts it by file import. No CRA report or tax slip.
Bull Bitcoin
App
App Store rating 4.6 (Oleg's old row). Being replaced by the Robinhood app.
Apple Canada 4.97 (29 ratings), Google Play 4.7 (109 reviews), 2026-10-01. Web app yes. French UI and price alerts: Not verified.
Bull Bitcoin
Support
Email ticket only, no live chat or phone.
Online chat (confidential). Phone support is a Prime perk. Registry phone 844-505-2855. Hours and French support: Not published.
What Are The Key Differences Between Bitbuy And Bull Bitcoin?
Bitbuy Vs Bull Bitcoin: Side By Side
Bitbuy
Bull Bitcoin
Description
Bitbuy was founded in Toronto in 2016 and was one of the first registered crypto marketplaces in Canada. It offered 60+ cryptocurrencies through an Express platform for beginners and a Pro platform for experienced traders. Its accounts moved to Coinsquare Capital Markets Ltd. in May 2024, and since June 2026 it has been part of Robinhood, which acquired parent company WonderFi for C$250 million. Customers are being invited to move to the Robinhood app.
Bull Bitcoin is a Canadian Bitcoin-only platform that sends every purchase straight to your own wallet and never holds your coins. You can also sell bitcoin to pay a Canadian bill invoice. Founded in 2013 at the Bitcoin Embassy in Montreal, it also serves Europe, Mexico, Costa Rica, Argentina and Colombia.
Coins
60+ including Bitcoin, Ethereum, Solana, Cardano, Dogecoin, Polkadot and USDC.
Bitcoin only (on-chain, Lightning and Liquid). No altcoins by policy.
Fees
Free Interac e-Transfer deposits. Express Trade prices included a spread, the pricier way to buy. Pro Trade used lower maker/taker fees with TradingView charting. Staking carried a combined fee of roughly 39% of rewards (30% Bitbuy plus 9% custodian). Robinhood has signaled a flat 0.5% CAD trading fee after migration; the schedule is likely to change during the transition.
No processing fee on buys and sells, the cost is a displayed spread. The live quote on 2026-10-03 sat about 2.0% either side of mid (round trip about 4%). Canada Post cash or debit funding costs a flat CAD 3.95. On-chain, Lightning and Liquid payouts are free (express on-chain pays a network fee). Discounted rates for Prime users above $100,000 in volume.
Pros
One of Canada's longest-standing registered platforms, later under CIRO oversight with segregated client assets and quarterly proof-of-reserves
Express and Pro platforms served beginners and advanced traders alike
Free Interac e-Transfer deposits
Staking on nine coins including ETH, SOL, ADA and DOT
Insured cold storage custody with BitGo and a clean security track record
OTC desk and Private Wealth services
Bitcoin goes straight to your own wallet, nothing is held for you
Free Interac e-Transfer, bill payment and wire funding
Lightning and Liquid payouts at no fee, plus on-chain
Recurring buys and an Autobuy that fires on every deposit
Sell bitcoin to a bill invoice, free CAD bill payment payout
Prime desk with phone support and unlimited volumes
Open-source BULL Wallet
Cons
No longer a separate platform: accounts moved to Coinsquare Capital Markets Ltd., then to Robinhood
Staking's roughly 39% combined cut of rewards was the highest in Canada
Support was email-ticket only, with no live chat or phone
Fees ran higher than global competitors unless you stuck to Pro Trade
No margin, derivatives or stop-loss orders
Migration to the Robinhood app brings new terms, fees and interface
Bitcoin only
Spread of about 2% each side is higher than low-fee exchanges
No order book: you trade against Bull Bitcoin at its quoted price
Not on the CSA list, no CIRO membership, no CIPF
e-Transfer withdrawals capped at CAD 10,000
Full identity verification needed for every funding method, including Canada Post
BULL Wallet Lightning and Liquid swaps are down while Boltz is suspended (Aug 2026)
Security
Majority of digital assets in insured cold storage with BitGo, mandatory 2FA, quarterly proof-of-reserves under CIRO requirements, withdrawals to private wallets allowed. No hacks in nearly a decade of operation.
Non-custodial by design: terms say Bull Bitcoin does not hold, secure or manage users' bitcoin. Fiat account balances are not insured and are not a bank or trust account. FINTRAC-registered MSB. 2FA available.
Methods To Buy
Interac e-Transfer, wire transfer, bank draft and crypto deposits were accepted. Today new Canadians are pointed to the Robinhood app instead.
Interac e-Transfer, CAD bill payment, wire transfer, or cash or debit at Canada Post (CAD 3.95 fee, CAD 100 to 7,500). All require a verified account.
App
Bitbuy's app held a 4.6-star rating on the App Store. It is being replaced by the Robinhood app.
BULL Wallet (open source, iOS and Android, Liquid, Lightning and Payjoin) plus a web platform. Apple Canada 4.97 (29 ratings), Google Play 4.7 (109 reviews) on 2026-10-01.
Account Limits
Standard verified accounts handled typical retail volumes, with OTC and Private Wealth desks for large trades. Legacy limit figures changed repeatedly through the platform mergers.
Interac e-Transfer in: no minimum or maximum (your bank limit still applies). Bill payment in: up to CAD 100,000. Wire: no maximum. Canada Post: CAD 100 to 7,500. e-Transfer out: CAD 10 to 10,000. Limits assume full verification.
How Do You Fund And Cash Out Bitbuy And Bull Bitcoin In Canada?
Bitbuy: CAD Deposits (When It Operated)
Method
Fee
Minimum
Maximum
Speed
Interac e-Transfer
Free
Not published
Not published
Not published
Bull Bitcoin: CAD Deposits
Method
Fee
Minimum
Maximum
Speed
Interac e-Transfer
Free
No minimum
No maximum
about 1 hour in business hours
Bill payment (CAD)
Free
No minimum
CAD 100,000
3 to 4 business days
Wire transfer (CAD)
Free
No minimum
No maximum
same or next day
Cash or debit at Canada Post
CAD 3.95
CAD 100
CAD 7,500
instant
Bull Bitcoin: CAD Withdrawals
Method
Fee
Minimum
Maximum
Speed
Interac e-Transfer
Free
CAD 10
CAD 10,000
instant
Bill payment (CAD)
Free
CAD 25
No maximum
3 to 4 business days
Wire transfer (CAD)
Free
CAD 25
No maximum
same or next business day
Funding for the live platform is now on Robinhood. Bitbuy-specific limits are Not published. Maximums assume full verification. Your bank's own Interac sending limit still applies. Processing times are estimates, not a guarantee (terms 22.9). Euro, Costa Rica and Mexico rails exist but are not Canadian.
What Does It Actually Cost To Buy On Bull Bitcoin?
Worked Cost, Buy Only And Buy Plus Sell (Round Trip)
Amount
Bull Bitcoin Buy
Bull Bitcoin Round Trip
CAD 100
$2.00
$4.00
CAD 500
$10.00
$20.00
CAD 1,000
$20.00
$40.00
CAD 10,000
$200.00
$400.00
Bull Bitcoin: Derived from the live rates-page quote on 2026-10-03: buy US$86,676.96, sell US$83,273.82, mid about US$84,975, so about 2.0% each side. Not a published rate. Canada Post funding adds CAD 3.95. Neither publishes a maker and taker schedule because there is no order book: the spread is the fee. If cost matters most, NDAX (flat 0.20%) or Kraken Pro are cheaper places to buy in Canada. Ranges reflect each platform’s published band, not a single quote. Bank and network fees are not included.
What Do Bitbuy And Bull 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.
Bull Bitcoin Only
Bill payment with bitcoin (Bylls): Sell bitcoin to pay Canadian bill invoices. The CAD bill-payment payout is free from CAD 25 and takes 3 to 4 business days. Biller count and Bylls history: Not verified.
BULL Wallet: Open-source wallet with on-chain, Liquid and Lightning, Payjoin support. Lightning and Liquid-to-Bitcoin swaps run through Boltz, which suspended its service in August 2026, so those two functions fail until further notice. On-chain and Liquid send and receive still work. Bull Bitcoin says no funds are at risk.
Recurring buys and Autobuy: Scheduled DCA buys from your balance (hourly over Lightning and Liquid was announced). Autobuy turns every incoming fiat deposit into a buy and pays out to a default address or xpub you save.
Bull Bitcoin Prime: Advisory and OTC desk for individuals trading over $25,000, businesses and institutions: unlimited volumes, same-day wires, phone support. Discounted rates above $100,000 in volume.
What Happens To Your Money If Bitbuy Or Bull 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.
Bull Bitcoin: Bull Bitcoin holds no bitcoin for you, so a failure of the company cannot freeze your coins once they are paid out, but any CAD sitting in your account balance is uninsured and is not a bank, trust or payment account. There is no CSA registration, no CIRO membership and no CIPF, so there is no investor-protection fund behind that balance. A mistaken address, a scam or an unauthorised login is the user's loss under the terms. Lightning and Liquid features inside BULL Wallet depend on a third party, Boltz, which is suspended, so they can be down without any loss of funds.
How Are Bitbuy And Bull 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.
Bull Bitcoin: Every sell, bill payment made with bitcoin and bitcoin-to-CAD conversion is a disposition for CRA purposes, and a buy sets your cost base. Export your history as CSV from My account, Transactions and load it into a tax tool such as Koinly; there is no CRA-ready report or slip.
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 Bull 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 Bull Bitcoin If
You want bitcoin delivered straight to your own wallet, with Interac, bill pay or wire funding at no fee.
You want to pay Canadian bills or credit cards with bitcoin.
You trade above $25,000 and want an OTC desk or a corporate account.
You do not need altcoins, a card or regulator-backed protection on your cash.
What Happened To Bitbuy?
Bitbuy is no longer a separate platform. Its accounts moved to Coinsquare Capital Markets Ltd. in May 2024, and 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.
Coinsquare Capital Markets Ltd. is the entity that operates the platform, and it appears on the CSA list with a decision dated October 11, 2024. Bitbuy Technologies Inc. sits under expired decisions on the CSA site, and its FINTRAC MSB registration shows as ceased on February 20, 2025. Bitbuy's help centre says the 2024 move was required because its CSA relief was time-limited and called for a move under CIRO oversight.
If you still hold coins there, watch for the migration invitation, open it only from the official Bitbuy or Robinhood channels, and read the new terms before you accept. I do not send new readers to Bitbuy, because the business is being folded into Robinhood. On the Robinhood side, a flat 0.5% on CAD trades was advertised for the first few months after launch, and the zero-fee promotion for Canada ended on September 30, 2026. Its fee schedule sets the fee at 0.5% through October 31, 2026 and 0.95% from November 1, 2026.
Bitbuy: What The Records Show
Item
Record
Status
Bitbuy accounts were moved to Coinsquare Capital Markets Ltd. in May 2024, and since Robinhood closed its WonderFi purchase on June 1, 2026 the Bitbuy site tells users it is now part of Robinhood and customers are being invited to move to the Robinhood app.
Key dates
2024-05-28 (accounts moved to Coinsquare Capital Markets Ltd.); 2026-06-01 (Robinhood closes WonderFi, parent)
CSA record
Bitbuy Technologies Inc. is under 'Crypto Platforms Expired Decisions' on the CSA site (Decision, Expired; no date shown). The live CSA list entry is Coinsquare Capital Markets Limited, Decision (October 11, 2024)
FINTRAC record
BITBUY TECHNOLOGIES INC. M20728803 status Ceased, cessation 2025-02-20 (initial approval 2020-02-07)
What Should Bitbuy Users Use Instead?
Bull Bitcoin is the available side of this pair. Bull Bitcoin is fifth in my ranking at 8.0. It sells Bitcoin only and sends it straight to your own wallet, with free Interac e-Transfer, bill pay and wire funding. There is no processing fee, but the spread works out to roughly 2% each side by my reading of a live quote. It is a FINTRAC-registered MSB, not a CSA-registered platform.
Bitbuy Today Vs Bull Bitcoin
Item
Bitbuy (Now Robinhood)
Bull Bitcoin
Canadian status
Merged into Robinhood; accounts held by Coinsquare Capital Markets Ltd.
FINTRAC MSB (Satoshi Portal Inc.); not a CSA platform
Published fee
Not verified for the live platform; Robinhood advertised a flat 0.5% on CAD trades for the first few months after launch
No processing fee; about 2% spread each side (derived from a live quote, not a published rate)
CAD funding
Interac e-Transfer and CAD wire on the Robinhood platform; fees shown in app
Interac e-Transfer, bill payment and wire, all free; Canada Post payment CAD 3.95
Bitcoin only, sent straight to your own wallet. Bull Bitcoin is fifth in my ranking at 8.0.
Bull Bitcoin Pros
Non-custodial: Bitcoin goes to your own wallet
Free Interac, bill pay and wire
FINTRAC MSB registered
Bull Bitcoin Cons
Bitcoin only
Spread of about 2% each side
Not a CSA-registered platform
Bitbuy, in contrast, is a platform in transition. Its coin list, fees and funding now belong to Robinhood, and there is no point comparing a menu that is being replaced. Read the Bitbuy review for the history, and see the ranked list for current picks.
What Changed For Bitbuy And Bull Bitcoin In October 2026?
: Bitbuy accounts moved to Coinsquare Capital Markets Ltd..
: Robinhood closed its WonderFi purchase, and the Bitbuy site now says it is part of Robinhood.
: Robinhood crypto trading launched in Canada with 50+ coins.
: Robinhood's zero-fee promotion for Canada ended.
Frequently Asked Questions
Is Bitbuy Still Open In 2026?
Bitbuy accounts were moved to Coinsquare Capital Markets Ltd. in May 2024, and since Robinhood closed its WonderFi purchase on June 1, 2026 the Bitbuy site tells users it is now part of Robinhood and customers are being invited to move to the Robinhood app.
Should I Open A New Bitbuy Account?
I would not. Bitbuy accounts sit with Coinsquare Capital Markets Ltd., and the Bitbuy site now tells users it is part of Robinhood and invites customers to move to the Robinhood app. A registered platform that is still taking new customers is the safer starting point.
Is Bull Bitcoin A Good Replacement For Bitbuy?
Bull Bitcoin is fifth in my ranking at 8.0. It sells Bitcoin only and sends it straight to your own wallet, with free Interac e-Transfer, bill pay and wire funding. There is no processing fee, but the spread works out to roughly 2% each side by my reading of a live quote. It is a FINTRAC-registered MSB, not a CSA-registered platform.
What Happened To Bitbuy's Registration?
Bitbuy Technologies Inc. sits under expired decisions on the CSA site, and its FINTRAC MSB registration shows as ceased on February 20, 2025. Coinsquare Capital Markets Ltd., which operates the platform, appears on the CSA list with a decision dated October 11, 2024.
Which Exchange Is First In Your Ranking?
Coinbase is first at 9.8 out of 10, followed by BloFin, Kraken, Wealthsimple Crypto, Bull Bitcoin, Newton, Bitcoin Well, NDAX, BTCC and MEXC. BloFin, BTCC and MEXC are offshore and carry restrictions for Canadians. The full list is on my best crypto exchanges page.
Do Bitbuy And Bull Bitcoin Have Limit Orders?
Bitbuy: Yes on Pro, historically. Bull Bitcoin: Retail buy limit orders exist, but there is no order book, you trade against Bull Bitcoin at its quoted price.
Which Coins Can You Buy On Bitbuy And Bull Bitcoin?
Bitbuy: 60+ coins offered Bull Bitcoin: Bitcoin only
Is The Spread The Fee On Bitbuy And Bull Bitcoin?
Bitbuy: Express prices included a spread, which was the cost. Bull Bitcoin: The spread is the fee: about 2.0% each side of mid on 2026-10-03 with no separate processing fee.
Does CIPF Cover My Crypto On Bitbuy Or Bull Bitcoin?
Bitbuy: CIPF never covers crypto, and this platform no longer serves Canadians. Bull Bitcoin: Bull Bitcoin is not a CIPF member; CIPF never covers crypto and this account balance is uninsured.
Are Bitbuy And Bull Bitcoin Available In Every Province?
Bitbuy: Bitbuy's CSA entry expired; accounts now sit with Coinsquare Capital Markets Ltd. Bull Bitcoin: Terms exclude no province but a full list is not published.
Do Interac Deposits Work On Weekends On Bitbuy And Bull Bitcoin?
Bitbuy: No longer applicable. Bull Bitcoin: Not published; the page says about 1 hour during business hours.
What Is The Minimum Buy On Bitbuy And Bull Bitcoin?
Bitbuy: Not published Bull Bitcoin: Interac e-Transfer has no minimum; an on-chain payout needs at least 0.001 BTC.
Can A Business Use Bitbuy Or Bull Bitcoin?
Bitbuy: Private Wealth and OTC desks existed. Bull Bitcoin: Yes, corporate accounts and a Prime desk for businesses and institutions.
Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.
He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.
His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.
