10-15 years

Common Financial Service License|

Suspicious Overrun|

Medium potential risk



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Influence Index NO.1

Canada 2.34

Better than 99.25% exchange(s)

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Common Financial Service License

Exchange Info

Company Name
Phone of the company
Company website
Customer Service Email Address

WikiBit Risk Alerts

Previous Detection 2024-06-20

Common Financial Service License goes beyond their business with the licenses Canada FINTRAC (license number: M20839329), please be aware of the risk!



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User Reviews


2 ratings

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Very disappointing! High trading fees and very slow withdrawal time! I am disappointed.
2024-01-27 15:08
From 2017, I bought 6 times on canadianbitcoins.com. Every time within less then a week to process and get my btc. This site was always the simplest to me, with flexible payment methods and easy to prove my identity. After letting my coins sleep for some years, I decided to sell most it to help me with my cashdown for a house. I got my money in my checking account in less than 2 days (with direct deposit). Pretty good to me!The rates on the site are alright, but surely not the best.I saw many bad reviews about this site so I felt compelled to put my 2 cents.
2023-12-22 20:52
Company Name Canadian BITCOINS
Registered Country/Area Canada
Founded Year 2011
Regulatory Authority FINTRAC (Exceeded)
Cryptocurrencies Offered Bitcoin, Ethereum, Litecoin, and more
Funding Methods Bank transfer, Credit/Debit Card, E-wallets
Customer Service Live chat, phone support service, and email

Overview of Canadian BITCOINS

Canadian BITCOINS is a virtual currency exchange company based in Canada. It was founded in 2011 and is regulated by FINTRAC. The company offers a wide range of cryptocurrencies, with over 50 options available for trading. Canadian BITCOINS supports multiple payment methods, including bank wire transfer, credit/debit card, and e-wallets. Customer support is available 24/5 through live chat, email, and phone.

cb official website

Pros and Cons

Pros Cons
Regulated by FINTRAC Fees vary depending on transaction type
Wide range of cryptocurrencies available

Pros Revealed:

  • Regulated by MFSA

Canadian BITCOINS is regulated by the Malta Financial Services Authority (MFSA), ensuring that it operates within the legal framework and adheres to regulatory standards.

  • Wide range of cryptocurrencies available

Canadian BITCOINS offers a diverse selection of cryptocurrencies and payment methods, including bank wire transfer, credit/debit card, and e-wallets, providing flexibility for users to deposit and withdraw funds.

Cons Revealed:

  • Fees vary depending on transaction type

The fees for transactions on Canadian BITCOINS vary based on the type of transaction, which means users may need to carefully consider the costs associated with their trades.

Regulatory Authority

WikiBit obtains regulatory information through various channels, including official regulatory websites, public records, and direct communication. The platform's team verifies the authenticity of regulatory licenses and certifications by cross-referencing the information from multiple reputable sources.

WikiBit aims to offer reliable and accurate regulatory information to help traders make informed decisions when choosing exchange/token/project.

As of August 2023, Canadian BITCOINS reportedly holds an Exceeded Common Financial Service License from Financial Transactions and Reports Analysis Centre of Canada (FINTRAC No.M20839329).

regulated by FINTRAC


Regarding the security of Canadian BITCOINS, there is no specific information available about the security measures and protection protocols implemented by the exchange. Unfortunately, further details regarding the security systems and measures of Canadian BITCOINS are currently not accessible.

Cryptocurrencies Available

Canadian BITCOINS offers a wide range of cryptocurrencies, with over 50 options available for trading. These cryptocurrencies include popular options such as Bitcoin, Ethereum, Litecoin, and Ripple, along with many others.

Cryptocurrencies Available


There is no specific information available about the fees that can be traded on the exchange. Additionally, there is limited information about other products or services offered by Canadian BITCOINS.

How to Open an Account?

The registration process of Canadian BITCOINS can be described in the following six steps:

1. Visit the Canadian BITCOINS website and click on the “Sign Up” button to begin the registration process.

How to open an account

2. Fill in your personal information, such as your name, email address, and password, in the provided fields.

3. Verify your email address by clicking on the confirmation link sent to your registered email.

4. Provide additional requested information, such as your phone number and residential address, to complete the verification process.

5. Set up security measures for your account, such as two-factor authentication or a strong password.

6. Read and agree to the terms and conditions of Canadian BITCOINS before submitting your registration. Once completed, you will receive a confirmation message indicating that your account has been successfully registered.

Payment Methods

Regarding the payment methods and processing time of Canadian BITCOINS, there is no specific information available about the payment methods accepted by the exchange and the processing time for transactions. Unfortunately, further details regarding the payment methods and processing time of Canadian BITCOINS are currently not accessible.

Is Canadian BITCOINS a Good Exchange for You?

It is difficult to provide specific recommendations for trading groups suitable for Canadian BITCOINS exchange without more details about the exchange's features and services. However, it can be generally recommended that Canadian BITCOINS may be suitable for individuals who are looking for a virtual currency exchange platform that offers a range of cryptocurrencies for trading. It is important for potential users to carefully consider their own trading needs, preferences, and risk tolerance before selecting an exchange. Additionally, conducting further research on Canadian BITCOINS, including reviewing user feedback and industry reviews, can provide valuable insights to help make an informed decision.

Canadian BITCOINS User Review

User 1:

Canadian BITCOINS taking care of their clients, couldnt make a deposit, showed me error. Find out that my bank declined a procedure for the safety. After calling the support, they were very friendly and helpful. I successfully opened an account and after 12 hours I already opened first positions.

User 2:

Always use Canadian BITCOINS for trips away, no longer need to worry about bank fees, transfer rates and international rates. Overall a great product.


Canadian BITCOINS is a virtual currency exchange platform that offers services to users. Additionally, there is no specific information available about the security measures, payment methods and processing time. These limitations and lack of information may present disadvantages for users who require more transparency and comprehensive features. Therefore, it is recommended for potential users to conduct further research and consider their own trading needs and preferences before making a decision to use Canadian BITCOINS.


Q1: Do you operate outside of Canada?

A1: No. Canadian BITCOINS can currently only service Canadians living in Canada.

Q2: What is and where can I get an Ethereum Wallet?

A2: Canadian BITCOINS doesn't have a recommendation, try google.

Q3: Can I cancel my order after I've sent payment?

A3: Yes. Please contact Canadian BITCOINS ASAP and they will return your payment to you, minus a return processing fee of $20 or 4% of the amount.

Q4: Can I pay with paypal?

A4: No.

Q5: When I sell coins, and receive cash via xpresspost, can I get “Signature Required on Delivery”?

A5: Yes! Canadian BITCOINS always sends with signature required, unless you specify otherwise. If you would like signature left off, please add a comment to the mailing address when you create the order.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities.

Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.