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If you are Canadian and tried to use Coinbase, you will quickly realize it’s not as simple to use for us.
It’s hard to fund and deposit because Coinbase does not accept eTransfers. The Paypal withdraw featured didn’t work for me. Not all the coins listed on Coinbase are available to Canadians. For this reason, it is best to use a Canadian crypto exchange.
In my opinion, Newton is the most similar comparison to Coinbase for Canadians. Make instant deposits and withdrawals with eTransfer. The simple easy-to-use design makes buying/selling crypto simple.
Newton – Best all-around exchange. Low fees, easy to use, and lots of altcoins to buy and sell. It is recommended for beginners.
Newton
Easy to use. Lots of altcoins. Recommended for most people.
Read my Newton Review
Newton Fees
- Deposits and withdrawals: $0
- Spread: ~0.75% to 1.5%
- Crypto withdrawal: Free up to $5 of network fees
- Check fees and prices on Newton
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Bank Transfer
- Connect your bank account with Plaid
Cryptocurrencies: 70+
✅ Newton Pros
- Low spread fee on trades.
- Easy to use and nice design.
- Lots of altcoins to trade and more are always being added.
- Multi-network support
❌ Newton Cons
- Verifying an account when signing up can take time.
- Can have difficulty at peak times.
- Customer service can be overwhelmed and take time to respond or you need to post on the Newton subreddit to get help.
Shakepay
If you only want to buy/sell Bitcoin and Ethereum — this simple-to-use app is one of my favorites because it est to use, and always just works. Plus, the Shaking SAT’s rewards are an unbelievable perk.
Read my Shakepay Review
Shakepay Fees
- Deposits and withdrawals: $0
- Spread: ~1 to 2%
- Crypto withdrawal: Free
- Check Fees and Prices
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfers
- Pre-authorized Debit
Cryptocurrencies: 2
✅ Shakepay Pros
- No fee crypto withdraws
- Simple app UI/UX
- Earn Bitcoin cashback reward with a prepaid Visa debit card
- *NEW – Dark mode
- Shakepay ShakingSATS
- Shakepay Card for BTC Rewards
❌ Shakepay Cons
- Limited coin selection
- High spread fee
- Mobile app only
Netcoins
Simple design. similar to Coinbase. One of the few exchanges that let you fund/withdraw USD dollars from a Canadian bank account.
Netcoins Fees
- Deposits and withdrawals: $0
- Spread: 0.5%
- Crypto withdrawal: 0.00025 BTC ($15)
- Check fees and prices on Netcoins
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Online Bill Payment
Cryptocurrencies: 30+
✅ Netcoins Pros
- Easy to use
- Transparent fees
- US dollar deposits and withdrawals from a Canadian bank account
- Netcoins Pay – Get 1% back in Bitcoin (Visa Prepaid Card)
❌ Netcoins Cons
- Average withdrawal fee on crypto
- Average spread fee on trades
Kraken
Recommended for: traders that are looking for larger volume, crypto-to-crypto trading pairs, staking, and advanced order types.
Read my Kraken Review
Kraken Fees
- Fiat Deposits: 1.5%
- Spread: 0 to 0.26% per trade
- Crypto withdrawal: 0.00001 BTC
- Check fees and prices on Kraken
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer (Etana Custody)
- In-person at Canada Post
Cryptocurrencies: 65+
✅ Kraken Pros
- One of the oldest exchanges in crypto
- Full trade platform
- Crypto to crypto trading pairs
- 24/7 live chat support
- Low spread fee
❌ Kraken Cons
- Complicated fee structure
- Not as beginner-friendly
- 1.5% deposit fee on fiat
- High crypto withdrawal fee
Bitbuy
Bitbuy has insured deposits.
Bitbuy Fees
- Interac e-Transfer Deposit: $0
- Wire Transfer Deposit: $0
- Interac e-Transfer Withdrawals: 1.5%
- Wire Transfer Withdrawals: 1.5%
- Spread: 0% – 1.5%
- Crypto withdrawal: 0.00025 BTC (~$10)
- Check fees and prices on Bitbuy
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Credit Card
Cryptocurrencies: 25+
✅ Bitbuy Pros
- Regulated and transparent
- Express trade
- Pro trade
- Staking
❌ Bitbuy Cons
- Lots of KYC questions
- Low liquidity
- High deposit fees
- No stop-loss orders
Compare Fees
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
Compare Coinbase
· Coinbase vs Kraken
· Coinbase vs Newton
· Coinbase vs Shakepay
· Coinbase vs CoinSmart
· Coinbase vs Wealthsimple
· Coinbase vs NDAX
· Coinbase vs Binance
· Coinbase vs PayTrie
· Coinbase vs Crypto.com
· Coinbase vs Netcoins
· Coinbase vs Bitbuy
· Coinbase vs VirgoCX
· Coinbase vs Coinberry
Coinbase Alternative Canada Conclusion
My conclusion: Newton crypto exchange is the best alternative to Coinbse for Canadians because of the combination of friendly easy-to-use interface design, low fees, multi-network support, and a large selection of altcoins to trade. Sign up to Newton and a get $25 signup bonus.
Once you have set up and verified your account on and Canadian crypto exchange — you can send or receive crypto to Coinbase to trade.
nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
