Bitbuy alternatives

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

Andrew Boyd avatar
Written by
Updated 13 Jun 2025   |   Rates updated regularly

Comparing of 7 Bitbuy alternatives

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

  • 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.
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

  • 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.
Newton

Not available for application via this website

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.
Shakepay

Not available for application via this website

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.
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

  • 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.
Netcoins

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.
Wealthsimple Crypto

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.

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