Coinsquare alternatives

Compare the best alternatives to Coinsquare for Canadian crypto traders.

Written by Andrew Boyd

Updated 13 Jun 2025 |

Comparing of 5 Coinsquare alternatives

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Bitbuy

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Bitbuy

Highlights

Both exchanges offer reasonable trading and withdrawal fees.
Coinsquare has a slight advantage when it comes to the number of cryptos available.
Both exchanges are FINTRAC-registered. In addition, Bitbuy is approved by the OSC.

Pros

Fee discounts kick in when you trade more — helpful if you’re regularly moving large amounts.
No charge to deposit crypto or CAD, and withdrawing CAD through Interac is also free.
Most digital assets are kept offline in cold storage with regular security audits.
The Pro platform supports advanced order types, charts, and real-time execution — ideal if you’re looking to step up your trading

Cons

Express trades can be costly, especially if you’re just making small or occasional transactions.
Crypto withdrawals (especially ETH or ERC-20 tokens) can get expensive.
Coin selection is relatively limited compared to global platforms.

Ndax

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Ndax

Highlights

Coinsquare’s fee structure is slightly more complicated than NDAX, which charges 0.2% on buys and sells.
Both exchanges are appropriate for beginner and intermediate crypto traders.
Both are registered and regulated by FINTRAC.
NDAX offers staking for a number of crypto tokens.

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.

Newton

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Not available for application via this website

Newton

Highlights

Newton has no fees to fund or withdraw with CAD, whereas Coinsquare do charge fees depending on method.
Newton offers a larger choice of tokens compared to Coinsquare.
Both are based in Canada and registered with FINTRAC.

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

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Not available for application via this website

Shakepay

Highlights

Both exchanges are easy to use, especially for beginners.
There are more crypto investment options in Coinsquare. Shakepay only supports Bitcoin and Ethereum.
Unlike in Coinsquare, withdrawals are free on Shakepay.
Shakepay does not charge a trading fee, but there is a bid / ask spread.

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

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Kraken

Highlights

More cryptocurrencies are available on Kraken compared to Coinsquare.
Even though Kraken is based in the US, both exchanges are regulated by FINTRAC in Canada.
Offline cold storage is used by both exchanges.

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.

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