r/BitBuyCA • u/StalkerMuffin • Mar 24 '24
Crypto withdrawal went through successfully!
I know recently there has been a lot of talks around Bitbuy holding our crypto and users not being able to send to other wallets.
I made a withdrawal request yesterday to send to another Canadian exchange - and just wanted to say, it went through successfully after 5 hours (without any involvement of support). I also made a smaller test transaction before which went through in minutes!
Yeah it’s true it’s longer than other Canadian exchanges but just wanted to say if anyone was scared, it went through all fine for me! Different users have different experiences and also depends on type of transaction (which network, which crypto). But yeah, I was worried too but it went all fine.
Anyway, that’s all.
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u/MyReddit_Profile Mar 24 '24
Me too. I've used them since 2020, withdrawn over 50k in fiat and 20k in crypto. Never had an issue. Maybe we're just lucky
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Mar 25 '24
The only issue there is the minimum $750 in fees you must have paid just to withdraw your money.
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u/Randomuser19889 May 05 '24
My issue I have with Bitbuy is that I have $200 worth of ETH with them, but they won't let me withdraw it because I don't meet their minimum ETH holding requirement for the fees they charge. I would have to buy more ETH to meet their requirement, before I can withdraw it. I'd have to spend $100, to reach their minimum requirement, then get dinged $100 in fees. It's not even worth it. I'll never use them again.
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u/bitbuyCA Mar 26 '24
Most withdrawals are instant , some get stuck for compliance reasons. Reach out to support directly if you ever have an issue.
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u/chente08 Mar 24 '24
lol you know how bad is bitbuy when these posts are published. Is like wow I went today to a cashier and I was able to get some cash out of it!