Bitbuy alternatives - Compare with other exchanges for Canadians

Comparing of 7 Bitbuy alternatives

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On website

Ndax

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

You can fund your account with CAD through Interac, bank transfer, or wire — no need to convert currencies.
Offers a clean, intuitive interface that’s friendly to both beginners and experienced traders.
Supports a solid list of popular cryptocurrencies, including Bitcoin, Ethereum, Cardano, and more.
Cold storage is used to keep the majority of client funds secure offline.
Registered with FINTRAC and held to Canadian AML standards, giving it strong credibility locally.

Cons

The flat 0.20% trading fee is competitive but not the lowest in the market.
No staking or interest-earning options, which could matter to users looking for passive income.
Its mobile app works well for basic tasks, but lacks some of the more advanced charting tools on desktop.

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On website

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Coinbase

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

The interface is clean, simple, and ideal for beginners—one of the easiest ways for Canadians to get started with crypto.
Strong focus on security, with 2FA, cold storage, and insurance on custodial assets.
You can earn small amounts of crypto through educational mini-courses via Coinbase Earn.
Supports Apple Pay and Google Pay, making fiat-to-crypto purchases more convenient

Cons

Trading fees are high compared to other platforms—best for small, infrequent buys.
No advanced features like futures or margin trading.
Limited customer support options, and response times can be slow during peak periods.

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Not available for application via this website

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

Strong focus on low-cost trading.
Intuitive mobile and web platforms designed for speed and simplicity, even for first-time traders.
Real-time price tracking, limit orders, and auto-withdrawals support hands-off portfolio management.
Offers carbon-neutral trading by offsetting the environmental impact of crypto transactions.
Crypto assets are stored with institutional-grade custody provider Balance.

Cons

Limited advanced trading tools may not suit users seeking margin or derivative trading.
The selection of coins is smaller compared to global exchanges.
Customer support is responsive but currently limited to email and chat.

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Not available for application via this website

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

One of the fastest ways to buy BTC or ETH in Canada.
Shakepay Card lets you earn Bitcoin cashback on everyday purchases.
Strong track record of security, with 2FA, biometric logins, and insurance on assets held in custody.
Clean, mobile-first app makes it easy to manage trades and transfers on the go.
Solid customer support via in-app chat with good response times.
Regulated by FINTRAC, with crypto assets held securely in cold storage.

Cons

Supports only Bitcoin and Ethereum.
No advanced trading features like limit orders or technical charting tools.
Spread-based pricing means you may not get the absolute best market rate.

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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

Great for building a diversified or DeFi-focused portfolio.
Advanced traders benefit from maker/taker pricing that becomes competitive as volumes grow.
Security is top-tier.
You can stake coins directly through Kraken with flexible terms.

Cons

Interac e‑Transfer deposits carry a 0.5% fee, and withdrawals have a $10 charge, higher than some Canadian peers.
Instant buy fees are steep.
Deposit and withdrawal processes can be confusing and slow, with some users seeing delays of up to several days.
No native Canadian tax-reporting tools on the platform.

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Not available for application via this website

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 and funding make it easy to start trading within minutes.
Transparent fee structure with no surprises on deposits or withdrawals.
Offers both hot and cold wallet storage, with most client assets kept offline for added protection.
Earn interest on select crypto holdings through Netcoins Earn, with competitive rates.
Strong focus on regulatory compliance and security, including 2FA and regular audits.

Cons

Smaller crypto selection compared to global platforms.
No advanced charting or trading tools, making it less suitable for active or technical traders.
Interest-earning feature is only available on a limited number of supported coins.

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Not available for application via this website

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

Ideal for new investors.
Real-time price tracking and instant trades are available with no minimum balance.
Automatically tracks gains and losses for tax time with integrated reports.
Responsive local support and a growing knowledge base tailored to Canadian crypto laws and concerns.
Registered with FINTRAC and CIPF-backed, providing added regulatory comfort for Canadian users.

Cons

Charges a spread of up to 2% per transaction, which is higher than some global platforms.
Crypto withdrawals to external wallets are limited.
No advanced charting tools or trading features for technical users.