CoinSmart alternatives
Compare the best alternatives to CoinSmart for Canadian crypto traders.
By Andrew Boyd | Updated 20th January 2022
Comparing CoinSmart alternatives
On Bitbuy's website
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.
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.
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.
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.
On Coinbase's website
Coinbase
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.
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.
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.
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
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.
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.
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
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.
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.
