Bitbuy and Coinberry were two Canadian cryptocurrency exchanges that were among the first registered with Canadian securities regulators. This comparison has a clear outcome: Coinberry no longer exists. It was acquired by WonderFi in 2022, all client accounts were migrated to Bitbuy in 2023, and the platform was shut down. Bitbuy itself was then acquired by Robinhood in June 2026. Former Coinberry users are now Bitbuy users, and Bitbuy users are migrating to the Robinhood platform.
Bitbuy Vs Coinberry: Which Is Better For Canadians?
Neither is an option for Canadians today. 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. Coinberry stopped operating separately after WonderFi's Bitbuy took over all of its client accounts in 2023, and coinberry.com now shows the Bitbuy site. I recommend Coinbase instead (9.8/10, #1 on my list): open a Coinbase account.
How Do Bitbuy And Coinberry 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 Coinberry: Master Spec Table
Bitbuy
Coinberry
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.
Coinberry Limited, Toronto, founded 2017. WonderFi acquired it in 2022 and Bitbuy took its client accounts in 2023. Founders and funding: 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 M18502412 Ceased 2024-06-05. CSA Expired Decisions: Decision 2021-08-19. Not on the banned list.
Tie
Assets
60+ coins offered (BTC, ETH, SOL, ADA, DOGE, DOT, USDC). Order book on Pro. Current list: see the Robinhood app.
About 30 coins offered.
Depends
Price
Express: spread, Pro: maker/taker, exact rates Not published. Robinhood signaled a flat 0.5% on CAD trades after migration.
Spread, higher than advertised in our testing; rate Not published.
Depends
CAD In
Free Interac e-Transfer, wire and bank draft were offered.
Free CAD deposits.
Depends
CAD Out
Not published in the sources reviewed.
Free CAD withdrawals.
Depends
Crypto In And Out
Crypto deposits and withdrawals to private wallets were allowed. Networks and minimums: Not published.
No longer available to Canadians
Depends
Custody
Held with BitGo, majority in insured cold storage; quarterly proof-of-reserves under CIRO rules. Crypto was never CIPF-covered.
No longer available to Canadians
Depends
Verification (KYC)
No longer available to Canadians
No longer available to Canadians
Depends
Account Types
Express and Pro platforms; OTC desk and Private Wealth.
No longer available to Canadians
Depends
Provinces
No longer available to Canadians
No longer available to Canadians
Depends
Extra Products
Staking on nine coins including ETH, SOL, ADA and DOT, at a combined 39% fee on rewards.
Coinberry Pay and Autopilot recurring buys, both removed before shutdown.
Depends
Tax Tools
No longer available to Canadians
No longer available to Canadians
Depends
App
App Store rating 4.6 (Oleg's old row). Being replaced by the Robinhood app.
Apps no longer operational; brand redirects to Bitbuy.
What Are The Key Differences Between Bitbuy And Coinberry?
Bitbuy Vs Coinberry: Side By Side
Bitbuy
Coinberry
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.
Coinberry was a Toronto-based exchange, founded in 2017, that offered around 30 popular cryptocurrencies and was one of the first crypto platforms registered with Canadian securities regulators. It was acquired by WonderFi in 2022, its client accounts were moved to Bitbuy in 2023, and coinberry.com now shows the Bitbuy site.
Coins
60+ including Bitcoin, Ethereum, Solana, Cardano, Dogecoin, Polkadot and USDC.
Roughly 30 assets including Bitcoin, Ethereum, Litecoin, XRP, Stellar, Bitcoin Cash, Cardano, Axie Infinity, Dogecoin, Polkadot, Polygon and SHIB.
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.
Free CAD deposits and withdrawals, with a trading spread that our testing found ran higher than advertised, one of our long-standing criticisms.
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
Free CAD funding
Beginner-friendly interface
Full registration with Canadian regulators
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
Platform shut down, with all users moved to Bitbuy
Its best features (Coinberry Pay, Autopilot recurring buys) were removed even before the shutdown
High effective spreads compared to competitors
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.
Coinberry wound down in an orderly, regulator-supervised migration with no reported loss of customer funds, in sharp contrast to collapses like CoinField or QuadrigaCX.
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.
There is no way to buy crypto through Coinberry. Former users were moved to Bitbuy automatically. A website claiming to be Coinberry and taking deposits is an impostor.
App
Bitbuy's app held a 4.6-star rating on the App Store. It is being replaced by the Robinhood app.
The website and apps are no longer operational for trading; the brand redirects to Bitbuy.
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.
No longer applicable.
How Do You Fund And Cash Out Bitbuy And Coinberry In Canada?
Bitbuy: CAD Deposits (When It Operated)
Method
Fee
Minimum
Maximum
Speed
Interac e-Transfer
Free
Not published
Not published
Not published
Coinberry: CAD Deposits (When It Operated)
Method
Fee
Minimum
Maximum
Speed
CAD deposit
Free
Not published
Not published
Not published
Coinberry: CAD Withdrawals (When It Operated)
Method
Fee
Minimum
Maximum
Speed
CAD withdrawal
Free
Not published
Not published
Not published
Funding for the live platform is now on Robinhood. Bitbuy-specific limits are Not published. All funding ended. Accounts moved to Bitbuy.
What Do Bitbuy And Coinberry 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.
Coinberry Only
Coinberry Pay and Autopilot: Payments and recurring-buy features, removed before the shutdown.
What Happens To Your Money If Bitbuy Or Coinberry 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.
Coinberry: This was a merger, not a collapse. Coinberry's accounts went to Bitbuy, then to Coinsquare Capital Markets Ltd., and the Bitbuy site now says it is part of Robinhood. Check you are logged into the right account and watch for migration emails. Withdraw to your own wallet if you do not want to move. Treat any site using the Coinberry name that takes deposits as an impostor.
How Are Bitbuy And Coinberry 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.
Coinberry: Trades on Coinberry were dispositions for CRA purposes. Pull your history from your migrated Bitbuy account. Export formats: Not published.
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 Coinberry?
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 Coinberry 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.
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 Happened To Coinberry?
Coinberry stopped operating separately after WonderFi's Bitbuy took over all of its client accounts in 2023, and coinberry.com now shows the Bitbuy site. The purchase was announced on July 21, 2023, and the exact completion date is not on record.
Coinberry Limited's FINTRAC registration shows as ceased on June 5, 2024, and its CSA decision of August 19, 2021 now sits under expired decisions.
Bitbuy has since merged into Robinhood, so a Coinberry account today means a Bitbuy account, which in turn means Coinsquare Capital Markets Ltd. and the Robinhood migration.
Coinberry: What The Records Show
Item
Record
Status
Coinberry stopped operating separately after WonderFi's Bitbuy took over all of its client accounts in 2023, and coinberry.com now shows the Bitbuy site.
Key dates
2023-07-21 (OSC non-objection and Bitbuy purchase announced; completion date unknown)
CSA record
Expired Decisions: Decision (August 19, 2021)
FINTRAC record
COINBERRY LIMITED M18502412 Ceased 2024-06-05
What Should Bitbuy And Coinberry Users Use Instead?
Neither side of this pair is a place to open a new account. The registry points Bitbuy users to Coinbase and Coinberry users to Coinbase, and both are CSA-registered in Canada.
Where Bitbuy And Coinberry Users Can Go Instead
Platform
Canadian Status
Published Fee
CAD Funding
Coins
My Ranking
Coinbase
CSA Restricted Dealer in all provinces and territories; FINTRAC MSB; not a CIRO member
Coinbase fee of up to 1.875% on simple buys (varies by payment method) plus spread; separate 1% fee on simple limit orders
Interac e-Transfer and EFT, free
200+
#1 of 10, 9.8/10
Kraken
CSA Restricted Dealer (Payward Canada Inc.); FINTRAC MSB; not a CIRO member
Kraken Pro 0.40% maker and 0.80% taker at the base tier; Instant Buy 1% plus spread
About 490 (derived from the public pair list minus assets Kraken bars in Canada)
#3 of 10, 9.2/10
Coinbase. Coinbase is the closest like-for-like for a Bitbuy user: a beginner app, free Interac e-Transfer and EFT funding, and a Restricted Dealer registration in every province and territory. It sits first in my ranking at 9.8 out of 10. Simple buys carry a Coinbase fee of up to 1.875% on top of the spread, and fiat balances are not covered by CIPF. Derivatives launched for eligible Canadian investors only, so there is no retail leverage.
Kraken.Kraken is third in my ranking at 9.2. It is a CSA Restricted Dealer, deposits by Interac e-Transfer are free, and Kraken Pro starts at 0.40% maker and 0.80% taker. Instant Buy costs 1% plus a spread, an Interac e-Transfer withdrawal costs CAD 10, and Canadians cannot trade margin or derivatives. Most clients face a CAD 30,000 rolling 12-month net purchase limit on assets other than BTC, ETH, LTC and BCH.
What Changed For Bitbuy And Coinberry In October 2026?
: OSC non-objection and Bitbuy's purchase of Coinberry client accounts announced.
: Bitbuy accounts moved to Coinsquare Capital Markets Ltd..
: CSA Restricted Dealer decision for Payward Canada Inc. (Kraken), with free Interac e-Transfer deposits announced.
: 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.
What Happened To Coinberry?
Coinberry stopped operating separately after WonderFi's Bitbuy took over all of its client accounts in 2023, and coinberry.com now shows the Bitbuy site.
What Should I Use Instead Of Coinberry?
Coinbase is the registry pick: Registered Canadian dealer with a beginner-friendly app and free Interac funding.
Bitbuy: Yes on Pro, historically. Coinberry: Not published
Which Coins Can You Buy On Bitbuy And Coinberry?
Bitbuy: 60+ coins offered Coinberry: About 30 coins, closed
Is The Spread The Fee On Bitbuy And Coinberry?
Bitbuy: Express prices included a spread, which was the cost. Coinberry: No longer applicable.
Does CIPF Cover My Crypto On Bitbuy Or Coinberry?
Bitbuy: CIPF never covers crypto, and this platform no longer serves Canadians. Coinberry: CIPF never covers crypto, and this platform no longer serves Canadians.
Are Bitbuy And Coinberry Available In Every Province?
Bitbuy: Bitbuy's CSA entry expired; accounts now sit with Coinsquare Capital Markets Ltd. Coinberry: No longer available in any province.
Do Interac Deposits Work On Weekends On Bitbuy And Coinberry?
Bitbuy: No longer applicable. Coinberry: No longer applicable.
What Is The Minimum Buy On Bitbuy And Coinberry?
Bitbuy: Not published Coinberry: No longer applicable.
Can A Business Use Bitbuy Or Coinberry?
Bitbuy: Private Wealth and OTC desks existed. Coinberry: No longer applicable.
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.
