Bitbuy alternatives
Compare the best alternatives to Bitbuy alternatives for Canadian crypto traders.
By Andrew Boyd | Updated 20th January 2022
Comparing Bitbuy alternatives
On Coinberry's website
Highlights
- Both Bitbuy and Coinberry have a limited number of tradable cryptocurrencies.
- Trading and withdrawal fees on Bitbuy are cheaper than those on Coinberry.
- Both exchanges use offline cold storage facility, with Coinberry using Gemini’s cold storage facility.
On CoinSmart's 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.
On NDAX's 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.
On Coinbase's website
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.
On Binance's website
Binance
Highlights
- Binance has a much bigger choice of tradable digital assets than Bitbuy, especially altoins, DeFi, and NFTs.
- It’s more expensive to trade and withdraw funds on Bitbuy than it is on Binance..
- Binance is not suitable for inexperienced traders, whereas Bitbuy is much more accessible for newer traders.
- Binance is not available in some regions of Canada, whereas Bitbuy is available nationally.
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.
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.
On Kraken's 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.
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.
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.
