Bitbuy alternatives

Compare the best alternatives to Bitbuy alternatives for Canadian crypto traders.

Andrew Boyd avatar
Written by
Updated 24 Aug 2023   |   Rates updated regularly

Comparing of 8 Bitbuy alternatives

CoinSmart

On website

Highlights

  • Bitbuy is slightly more expensive than CoinSmart for trading and withdrawing funds.
  • CoinSmart offers a broader trading market than Bitbuy.
  • Both exchanges use offline cold storage facilities for security.

Pros

  • Low trading fees.
  • Deposits are cleared within the day.
  • Supports CAD, EUR, and USD.
  • Get 24/7 customer support.

Cons

  • Limited coins.
  • Fee applies to credit card and debit card deposits.
NDAX

On website

Highlights

  • More cryptocurrencies are available to trade on NDAX compared to Bitbuy.
  • Trading and withdrawal fees on NDAX are lower than those on Bitbuy. There are no deposit charges on NDAX.
  • Bitbuy and NDAX have their offline cold storage facilities for storing cryptocurrencies securely.

Pros

  • Competitive trading fees at 0.2% for both selling and buying cryptocurrencies.
  • Get 24/7 customer support.
  • Earn by referring a friend.

Cons

  • Other exchanges have a larger choice of digital assets to trade.
  • Only available to Canadian residents
Coinbase

On website

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Highlights

  • Coinbase offers a broader range of cryptocurrencies to trade than Bitbuy.
  • Trading and withdrawal fees are much higher on Coinbase than on Bitbuy.
  • Bitbuy and Coinbase both provide intuitive interfaces that are ideal for beginners and advanced traders alike.
  • Both exchanges use offline cryptocurrency cold storage facilities.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Newton

Highlights

  • Bitbuy's fees for trading and withdrawing funds are much higher than they are on Newton.
  • Both exchanges offer a limited number of tradable coins, but Newton has slightly more cryptocurrencies than Bitbuy.
  • Both exchanges have a simple layout and design, making them ideal for beginners. Newton’s design is very high-end.
  • Bitbuy and Newton both use cold storage and employ standard security policies.

Pros

  • Clean user interface.
  • No commission fees.
  • Competitive spreads.
  • Earn $25 on its referral program.

Cons

  • Only accepts CAD deposits.
  • Verification times can be slow.
Shakepay

Highlights

  • You can trade more coins on Bitbuy than you can on Shakepay.
  • Shakepay does not charge a trading fee, but there are spread costs for each transaction. Shakepay also has no deposit or withdrawal fees.
  • Both exchanges use offline cold storage facilities to securely store digital assets.

Pros

  • Free transfers through Interac e-Transfer.
  • Commission-free.
  • Earn rewards.

Cons

  • Supports only Bitcoin and Ethereum.
  • Only available to Canadian residents
Kraken

On website

Kraken

Highlights

  • You can trade more digital assets on Bitbuy than you can on Kraken.
  • Kraken's trading and withdrawal costs are lower than Bitbuy's.
  • Both exchanges are suitable for beginners due to their simple user-friendly interface.
  • Bitbuy and Kraken both use offline cold storage.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
Netcoins

Netcoins

Highlights

  • Create an account and get verified in minutes.
  • Fund your account with $0 fees through a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.
  • With price alerts, it keeps you in the loop on those big moves.

Pros

  • Fast verification process.
  • Free cash deposits and withdrawals
  • Competitive trading fee.
  • Supports CAD and USD funding.

Cons

  • Limited selection of cryptocurrencies.
Wealthsimple Crypto

Wealthsimple Crypto

Highlights

  • Sign up in minutes with $0.
  • No fees to deposit or withdraw.
  • Coins are held by Gemini Trust Company, a regulated crypto custodian with $200M in cold storage insurance coverage.

Pros

  • No commission.
  • No fees for transferring funds.
  • Availability of educational resources.
  • Perfect for beginners.

Cons

  • Accepts only 2 fiat currencies.
  • High spreads may apply.

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