Gemini Exchange alternatives

Compare the best alternatives to Gemini Exchange alternatives for Canadian crypto traders.

By   |   Verified by David Boyd   |   Updated 15th September 2022

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Comparing Gemini Exchange alternatives

Coinbase

On Coinbase's website

Finty may be compensated when you click on the link.

Highlights

  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Crypto stored on Coinbase servers is covered by its insurance policy.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Binance

On Binance's website

Binance

Highlights

  • Trade over 50 cryptocurrencies with low trading fees.
  • Uses state-of-the-art storage technology to protect your cryptocurrency and CAD assets.
  • Earn rewards for holding coins and tokens.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
Kraken

On Kraken's website

Kraken

Highlights

  • Get started with as little as $10.
  • Sign up today and buy 50+ cryptocurrencies in minutes.
  • Make easy deposits and withdrawals, measure your portfolio's performance and keep track of all of your crypto in one convenient place.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
Shakepay

Highlights

  • Get your personal or business account setup in 10 minutes.
  • Buy & sell Bitcoin and Ethereum commission-free at market-leading prices
  • Shakepay is licensed as a Money Service Business by FINTRAC and the AMF to operate in all Canadian provinces and territories

Pros

  • Free transfers through Interac e-Transfer.
  • Commission-free.
  • Earn rewards.

Cons

  • Supports only Bitcoin and Ethereum.
  • Only available to Canadian residents
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.

Pros

  • Quick verification process.
  • 820+ trading pairs available.
  • Has a referral program.

Cons

  • A limited selection of cryptocurrencies.
Bitbuy

On Bitbuy's website

Highlights

  • Trade quickly and easily on Bitbuy Express, or use the professional tools on the all new Bitbuy Pro.
  • Get low and transparent fees.
  • Live order books for advanced users.

Pros

  • You can earn a signup bonus.
  • Competitive trading fees.
  • Assets are insured and held in cold storage.
  • User-friendly website and mobile app.

Cons

  • Deposit and withdrawal fees apply.
NDAX

On NDAX's website

Highlights

  • Has the lowest fees in Canada.
  • Set up recurring buys on assets like Bitcoin, Ethereum, and eight other coins so you can invest in cryptocurrency on your own schedule.
  • NDAX holds a majority of user funds in an offline, multi-signature wallet.

Pros

  • Competitive trading fees at 0.2% for both selling and buying cryptocurrencies.
  • Get 24/7 customer support.
  • Earn by referring a friend.

Cons

  • Other exchanges have a larger choice of digital assets to trade.
  • Only available to Canadian residents
Coinberry

On Coinberry's website

Highlights

  • Register in just 60 seconds and start investing with as little as $50.
  • No CAD deposit and withdrawal fees.
  • Coinberry is insured, FINTRAC registered & PIPEDA compliant and is the only digital asset platform trusted by Canadian Government municipalities.

Pros

  • Easy sign-up process and instant verification.
  • No fees to deposit or withdraw fiat.
  • There is a $200 million crypto asset insurance.
  • Easy to use mobile app.

Cons

  • Limited choice of altcoins.
  • High trading spreads.
KuCoin

On KuCoin's website

Highlights

  • Safe and rapid Bitcoin purchase.
  • Multiple order types for all kinds of risk appetite.
  • Sign up and get a welcome gift.

Pros

  • Supports 600+ different coins.
  • Has low maker and taker fees, starting at 0.10%.
  • Opportunity to earn interest in your cryptocurrencies.

Cons

  • A limited choice of payment options is available.
CoinSmart

On CoinSmart's website

Highlights

  • Access your funds the same day it is received.
  • CoinSmart accepts Interac, SEPA, Wire Transfers, E-transfers and all our cryptocurrencies as funding methods.
  • Track all of your trading activity, deposits and withdrawals with ease. 

Pros

  • Low trading fees.
  • Deposits are cleared within the day.
  • Supports CAD, EUR, and USD.
  • Get 24/7 customer support.

Cons

  • Limited coins.
  • Fee applies to credit card and debit card deposits.
Newton

Highlights

  • Newton prices are on average 3x lower than a leading cryptocurrency exchange competitor.
  • Fund and withdraw from your account for free.
  • Built in Canada and is FINTRAC regulated.

Pros

  • Clean user interface.
  • No commission fees.
  • Competitive spreads.
  • Earn $25 on its referral program.

Cons

  • Only accepts CAD deposits.
  • Verification times can be slow.
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.

Pros

  • Fast verification process.
  • Free cash deposits and withdrawals
  • Competitive trading fee.
  • Supports CAD and USD funding.

Cons

  • Limited selection of cryptocurrencies.
Coinmama

On Coinmama's website

Coinmama

Highlights

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

Pros

  • Start with as little as $50.
  • Accepts multiple types of payment options.
  • High spending limits.

Cons

  • Fees are higher compared to other providers.
  • Limited cryptocurrency selection.
Wealthsimple Crypto

Wealthsimple Crypto

Highlights

  • Sign up in minutes with $0 minimums.
  • No fees to deposit or withdraw.
  • Coins are held by Gemini Trust Company LLC™, a regulated crypto custodian with $200M in cold storage insurance coverage.

Pros

  • No commission.
  • No fees for transferring funds.
  • Availability of educational resources.
  • Perfect for beginners.

Cons

  • Accepts only 2 fiat currencies.
  • High spreads may apply.