CoinSmart alternatives

Compare the best alternatives to CoinSmart for Canadian crypto traders.

By   |   Updated 7th June 2022

Comparing CoinSmart alternatives

Bitbuy

On Bitbuy's website

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Bitbuy

Highlights

  • CoinSmart is a slightly cheaper exchange than Bitbuy and has a bigger selection of cryptocurrencies to trade.
  • Bitbuy and CoinSmart both provide offline cold storage facilities for security.
  • Both exchanges feature an intuitive interface that’s easy to use, even for beginners.
Coinberry

On Coinberry's website

Highlights

  • Coinberry is substantially cheaper than CoinSmart in terms of trading and withdrawal fees.
  • Both exchanges have a limited number of tradable currencies compared to some of their competitors, but have enough for the average investor.
  • Coinberry and CoinSmart both provide offline cold storage.
Coinsquare

On Coinsquare's website

Highlights

  • Coinsquare's QuickTrade feature instantly makes trades between any two currencies, whether it's XRP to Ethereum, or Litecoin to EUR.
  • Has one of the most secure trading platform.
  • Enjoy low, transparent fees and no trading minimum.
NDAX

On NDAX's website

Highlights

  • CoinSmart offers a wider range of cryptocurrencies for trading than NDAX, but it’s cheaper to trade with NDAX. NDAX does not charge a deposit fee either.
  • Cold storage facilities are employed by both Coinsmart and NDAX.
  • Both exchanges have a simple interface, making either suitable for beginners.
Coinbase

On Coinbase's website

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Highlights

  • Coinbase has a wider choice of tradable cryptocurrencies compared to what’s available on CoinSmart.
  • Coinbase's fee schedule is somewhat unclear.
  • CoinSmart and Coinbase are suitable for new and experienced traders.
  • Both exchanges are FINTRAC-registered and use offline cold storage for their user’s digital assets.
Binance

On Binance's website

Binance

Highlights

  • Binance offers substantially more cryptocurrencies than CoinSmart including many altcoins, NFTs, and DeFi tokens.
  • Binance is not the best exchange for new traders, being designed with more experienced traders in mind.
  • CoinSmart is available nationally whereas Binance is not.
Newton

Highlights

  • Newton is not as cheap as CoinSmart in terms of trading and withdrawal fees, but Newton offers more choice of cryptocurrencies than CoinSmart.
  • Coinsmart and Newton both use cold storage facilities for user’s digital assets.
  • Both exchanges are suitable for beginners.
Shakepay

Highlights

  • CoinSmart has a broader selection of cryptocurrencies compared to what’s available on Shakepay.
  • Shakepay charges a spread on trades and there are no fees for deposits or withdrawals either.
  • Both exchanges are FINTRAC-registered and use cold storage. Either is suitable for the beginner trader.
Wealthsimple Crypto

Wealthsimple Crypto

Highlights

  • Sign up in minutes with $0 minimum.
  • No fees to deposit or withdraw funds from the exchange.
  • Digital assets held in cold storage facilities operated by Gemini Trust Company with $200M in insurance coverage.
Kraken

On Kraken's website

Kraken

Highlights

  • Kraken’s selection of cryptocurrencies is better than what’s tradable on CoinSmart. Kraken is cheaper.
  • Both exchanges are suitable for beginners with well-designed trading experiences.
  • Kraken and CoinSmart are both FINTRAC-registered.
Gemini Exchange

On Gemini's website

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy, and build a diverse portfolio.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured with leading insurance providers and kept in cold storage.
Netcoins

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.
Coinmama

On Coinmama's website

Coinmama

Highlights

  • Buy bitcoin, ethereum and other popular cryptocurrencies.
  • Fund your account with a credit card, debit card, Apple Pay, or bank transfer.
  • Place your order and get your coins instantly. No deposits required.