Coinsquare alternatives

Compare the best alternatives to Coinsquare for Canadian crypto traders.

By   |   Updated 20th April 2022

Comparing Coinsquare alternatives

Bitbuy

On Bitbuy's website

Featured

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.
NDAX

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.
CoinSmart

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.
Coinberry

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.
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.
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.
Kraken

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.
Binance

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.