Coinbase alternatives

Compare the best alternatives to Coinbase for Canadian crypto traders.

Updated 20th April 2022

Comparing Coinbase alternatives

Bitbuy

On Bitbuy's website

Featured

Bitbuy

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.
Coinsquare

On Coinsquare's 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.
NDAX

On NDAX's 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.
Coinberry

On Coinberry's website

Highlights

  • Coinbase has a wider choice of cryptocurrencies to trade than what’s available on Coinberry.
  • Coinberry’s fees for deposits and withdrawals are cheaper compared to those on Coinbase.
  • Coinberry is based in Toronto, Canada and only supports clients based in Canada. Both exchanges are registered and regulated by FINTRAC.
  • Both exchanges use cold storage facilities, with Coinberry using Gemini.
CoinSmart

On CoinSmart's 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.
Binance

On Binance's website

Binance

Highlights

  • Binance has a substantially larger crypto market compared to Coinbase.
  • A much more substantial range of altcoins, NFTs, and DeFi tokens are available on Binance.
  • Binance caters more to advanced crypto traders and is comparable to Coinbase Pro.
  • Binance is restricted in Ontario, whereas Coinbase is accessible across Canada.
Kraken

On Kraken's 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.
Shakepay

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.
Gemini Exchange

On Gemini's website

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.
Newton

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.
Wealthsimple Crypto

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.