Bitbuy is now part of Robinhood.
Click here to read more.

Bitbuy is joining Robinhood  

Robinhood has acquired WonderFi- the parent company of Bitbuy - and we're bringing your Bitbuy account onto the Robinhood platform. Click here to read more.  

Your account continues to be held by the same Canadian entity that it’s held by today: Coinsquare Capital Markets Ltd. ("CCML"). CCML is an Investment Dealer regulated by the Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO). Your crypto and your CAD balance stay right where they are - we're just changing the app and the experience you use to access them.

You don't need to do anything right now. Keep trading, depositing, and withdrawing on Bitbuy as you normally would. Starting in June 2026, we'll begin inviting customers to transition to the Robinhood app in phases. We'll email you directly, and prompt you in the Bitbuy app, when it's your turn.  

What you can look forward to on Robinhood Crypto:

  • A lower fee on day one - a flat 0.5% per CAD trade.
  • A refreshed app experience built on Robinhood's global platform.
  • New features rolling out in the months after launch, including new coins, staking and more.

What to expect

June 2026 - Robinhood is Live and Transition begins  

We'll transition customers in phases. When it's your turn, you'll receive an email and an in-app notification. Process takes just a few minutes:

1. You’ll be prompted to download Robinhood from the Apple App Store or Google Play Store.

2. Enter the email associated with your existing Bitbuy account.

3. Follow the in-app prompts to complete set-up.  

Once you've switched, all new trading, deposits, and withdrawals happen on the Robinhood app. The Bitbuy app will become read-only for you - you can still view your history and download past statements. The Bitbuy app will be retired after all customers have migrated.

Frequently asked questions

Timing & what to expect

What is changing and why?

Robinhood has acquired WonderFi, the parent company of Bitbuy. Over the coming weeks we'll be transitioning Bitbuy customers onto Robinhood - a new Canadian crypto experience built on Robinhood's global platform. Your account continues to be held by CCML, regulated by the CSA and CIRO. We're changing the app you use, not the entity that holds your account.

When is this happening?

Transition begins in early June 2026, and Robinhood launches publicly in Canada shortly afterwards. We'll transition customers in phases and email you when your account is ready.

Do I need to do anything right now?

No. Keep using Bitbuy as normal. We'll let you know by email and in-app when it's time to migrate.

What happens when it's my turn to switch?

You'll get an email inviting you to switch. Download the Robinhood app, log in with your existing Bitbuy credentials, and follow the in-app steps. Most customers will be fully migrated within a few minutes.

Can I keep trading during the transition period?

Yes. Until you've switched, you can keep using Bitbuy as normal. Once you switch, all new trading moves to Robinhood. To keep things simple, you won't be trading on both platforms at the same time.

What happens to the Bitbuy app?

After you switch, the Bitbuy app becomes read-only for you, meaning you can still view historical data and download statements, but new trading and money movement will happen on Robinhood. The Bitbuy app will be retired once all customers have completed the transition.

What if I don't want to move?

Our plan is to bring all Bitbuy customers onto Robinhood. If you'd prefer not to continue with us, you can withdraw your CAD balance and send your crypto to an external wallet before your transition window.

Your account & assets

Is my crypto safe?

Yes. Your crypto stays in the same custody arrangement it's in today with CCML - it isn't being moved to a different custodian as part of the transition. You'll simply access it through the Robinhood app once you migrate.

Is my CAD cash balance safe?

Yes. Your CAD balance continues to be held by CCML in segregated client accounts at a Canadian bank. Cash balances held in your account are protected by the Canadian Investor Protection Fund (CIPF) within specified limits. CIPF coverage does not apply to crypto assets.

Does CIPF cover my crypto?

No. Crypto assets are not covered by CIPF. This is the same as today on Bitbuy, and it applies across every regulated Canadian crypto platform. USD and CAD balances are covered.

Will I need to re-verify my identity?

In most cases, no. Your existing Bitbuy identity verification carries over. A small number of customers may be asked for additional documentation - if that's you, we'll prompt you directly in-app.

Will my transaction history and tax documents transfer?

Yes. Your Bitbuy transaction history remains available, and you'll be able to download statements and annual tax documents for past activity. After transitioning, new activity will appear in your Robinhood account statements.

Will my wallet address change with the transition?

Deposits to addresses previously shown will still be valid and credited. However, as part of the migration, a new unique address per cryptocurrency will be shown on the Robinhood app which we recommend using moving forward.

Features & trading on Robinhood

Which coins will be supported at launch?

We're launching Robinhood with the vast majority of coins that are currently supported on Bitbuy. A small number of coins currently listed will not be supported on Robinhood at launch. If you hold any of those coins, we'll contact you directly with instructions before your transition window.

What order types will be available at launch?

At launch, Robinhood supports market orders in CAD pairs. Review any open limit orders on Bitbuy before your transition date.

Can I swap directly between two cryptocurrencies?

Not at launch. Trades on Robinhood at launch happen through CAD pairs - buy with CAD, sell to CAD.

What about staking?

Staking returns after launch as part of an early follow-up release. If you have assets staked on Bitbuy when your transition window arrives, we'll walk you through what to expect so your staked balances and rewards continue uninterrupted.

What about open orders, and pending withdrawals?

Before your transition window, we recommend:

  • Allowing any pending CAD deposits and withdrawals to fully settle.
  • Reviewing any open limit orders, since those order types aren't supported on Robinhood at launch.
Can I still send and receive crypto to external wallets?

Yes. Crypto send and receive are supported from day one on Robinhood.

How do I deposit and withdraw CAD?

Robinhood supports Interac e-Transfer (typically available within minutes) and domestic CAD wire transfer (typically available in 1 to 3 business days). Fees, minimums, and maximums are shown in the app.

What about USD?

At launch, USD deposits and withdrawals are available through our OTC desk rather than in-app. In-app USD support is planned for a later release.

Will my linked bank details carry over?

Your verified banking relationship with CCML carries over. You may be asked to confirm your linked account the first time you deposit or withdraw through Robinhood.

Fees

What will my fees look like on Robinhood?

For the first few months after launch, Robinhood will charge a flat 0.5% fee on CAD trades - shown clearly before you confirm each order. We'll give you clear notice and full details before anything changes.

Are there other fees I should know about?

Crypto network (withdrawal) fees, which go to the blockchain network rather than Robinhood, still apply. Deposit and withdrawal fees for Interac e-Transfer and CAD wires are shown in-app. There are no inactivity or account maintenance fees.

Regulation & safety

Who regulates Robinhood in Canada?

Your account is held by Coinsquare Capital Markets Ltd. (CCML), which is registered as an investment dealer and is regulated by the Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO). The regulatory relationship you have today does not change.

Is my personal information being transferred?

Your account data remains with CCML. Robinhood becomes the new operator of the CCML platform under the same Canadian privacy protections you have today. An updated privacy notice will be provided at transition.

Where can I read the full terms and disclosures?

Agreements will continue to be available on the Coinsquare website.

Special Audiences

I'm a corporate or wealth client - does this apply to me?

Your transition path may be different. Corporate and wealth clients will receive a tailored communication from their Bitbuy relationship manager with specific timing and next steps. We'll continue to update this page. Check back for the latest information.

We'll continue to update this page. Check back for the latest information.

Disclosure: Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto assets are not legal tender, are not backed by any government, and are not covered by the Canadian Investor Protection Fund (CIPF).

Crypto services are offered to eligible Canadian customers through an account with Coinsquare Capital Markets Ltd. ("CCML"), a registered investment dealer under applicable Canadian securities legislation. CCML is subject to the oversight of the Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO). CCML's registered address is 371 Front Street West, Suite 304, Toronto, ON M5V 3S8.