Coinsquare alternatives
Compare the best alternatives to Coinsquare for Canadian crypto traders.
By Andrew Boyd | Updated 20th April 2022
Comparing Coinsquare alternatives
On Bitbuy's website
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.
On NDAX's website
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.
On CoinSmart's website
Highlights
- Coinsmart allows direct trading between any cryptocurrency which gives more flexibility to its users.
- Trading fees and charges are simple and transparent on both exchanges.
- Coinsquare’s minimum deposit is lower compared to that of Coinsmart.
- Both exchanges are regulated and licensed by FINTRAC.
On Coinberry's website
Highlights
- Coinberry has a wider choice of cryptocurrencies to trade than what’s available on Coinsquare.
- Both exchanges use cold storage facilities, with Coinberry using Gemini’s custodial services.
- Both are based in Canada and are regulated by FINTRAC.
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.
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.
On Kraken's website
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.
On Binance's website
Binance
Highlights
- Substantially more tokens, including altcoins, NFTs, and DeFi tokens, are available on Binance.
- Coinsquare is geared towards beginners whereas Binance caters towards advanced crypto traders.
- Binance is restricted in Ontario, whereas Coinsquare is accessible across Canada.
