Multi-tiered Security
We leverage advanced technologies to keep your assets safe and give you peace of mind. Our team has built in sophisticated security measures to prevent theft of your money or information.
See below for a breakdown of the measures we take to ensure your safety.
Secure Network
Bitbuy servers are secured across multiple world class cloud providers and disaster recovery locations. All providers are ISO, SOC, and FIPS 140-2 compliant.
Secure Authentication
We have two-factor authentication in place, which works by using two forms of authentication such as a password and a smartphone when logging into your account or executing a trade.
Custody
Our full node architecture supports various forms of cryptocurrencies and tokens. We have a 1:1 insured Bitcoin platform. Users can store their bitcoin holdings in an offline vault, protected by value matched insurance. Our Proof-of-Solvency provides transparent accounting of all exchange traded assets.
Audits
We routinely conduct financial audits, monthly security audits, and transaction reporting audits using trusted third parties. We also perform daily and weekly suspicious activity reviews.
Information Security
Bitbuy’s privately maintained codebase keeps core components closed source, so your intellectual property is safe from prying eyes.
Regulations
Bitbuy is a regulated Money Service Business (MSB) in Canada under FINTRAC. We are proactive in the regulatory discussions and have provided insight to Canada’s Department of Finance regarding proposed legislative changes to cryptocurrencies.