Coinbase alternatives
Compare the best alternatives to Coinbase for Canadian crypto traders.
Updated 15 Nov 2023
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Rates updated regularly
Comparing of 9 Coinbase alternatives
On website
Highlights
- Bitbuy’s brokerage fee is generally lower compared to Coinbase.
- There are more than 50 cryptocurrencies listed on Coinbase, which is more than on. Bitbuy.
- Bitbuy only accepts deposits in CAD.
Pros
Cons
On website
Highlights
- Many more cryptocurrencies are listed on Coinbase compared to what's available on Coinsquare.
- Enjoy low, transparent fees and no trading minimum. Fees on Coinbase are more complicated.
- Both exchanges are FINTRAC-registered and regulated MSBs.
Pros
Cons
On website
Highlights
- To get started, NDAX will require a minimum deposit of $100.
- NDAX’s customer support representatives are on stand by 24x7 to help you with any questions that you may have.
- Both exchanges are appropriate for beginners and store digital assets in cold storage facilities.
Pros
Cons
On website
Highlights
- There are more tradable crypto assets available on Coinbase than there is on CoinSmart.
- CoinSmart’s trading fees are simple and transparent compared to Coinbase.
- Withdrawals are more expensive on Coinbase versus CoinSmart.
- Both exchanges are regulated and licensed by FINTRAC in Canada and FINCEN in the US.
Pros
Cons
On website
Kraken
Highlights
- Kraken has listed more coins than Coinbase.
- Kraken’s trading and withdrawal fees are lower than they are on Coinbase.
- Both exchanges are headquartered in the US and are regulated by FINTRAC in Canada.
- Offline cold storage is used by both exchanges.
Pros
Cons
Highlights
- Both exchanges are easy to use, especially for beginners.
- There are multiple crypto investment options in Coinbase whereas Shakepay only supports Bitcoin and Ethereum.
- Deposits and withdrawals are free on Shakepay, whereas Coinbase charges a fee..
- Shakepay does not charge a trading fee, but each transaction incurs a spread fee.
Pros
Cons
Gemini Exchange
Highlights
- Like Coinbase, Gemini Exchange is a highly secure exchange.
- Both exchanges cater towards beginners who are new to cryptocurrency.
- All crypto held online in Gemini's exchange wallet is insured.
Pros
Cons
Highlights
- Newton cater to the mainstream traders like Coinbase with a very pleasing user experience.
- Both exchanges support a large number of altcoins in addition to the main cryptocurrencies.
- Fund and withdraw from your account for free with Newton.
- Newton is built by and for Canadians. However, both exchanges are regulated by FINTRAC.
Pros
Cons
Wealthsimple Crypto
Highlights
- Sign up in minutes with $0 minimums. No fees to deposit or withdraw from Wealthsimple.
- Trade the main cryptocurrencies on either exchange, but Coinbase lists more (including many altcoins).
- Wealthsimple use Gemini to store coins in cold storage with insurance coverage.
