Bitbuy vs Kraken
Compare where to buy or sell Bitcoin & crypto.
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Bitbuy distinguishes itself in the Canadian market with a focus on security, offering 1:1 insured Bitcoin holdings and a user-friendly platform that caters to both beginners and advanced traders through separate trading interfaces. It provides a curated selection of cryptocurrencies, appealing to users looking for a reliable and straightforward trading experience with strong regulatory compliance.
Kraken, on the other hand, serves a global audience with its vast selection of cryptocurrencies, advanced trading features, and high liquidity, making it ideal for traders seeking a wide range of trading pairs and sophisticated trading tools.
While Bitbuy is tailored for Canadian users prioritizing security and ease of use, Kraken offers a more extensive trading environment suitable for those looking to engage in global cryptocurrency markets with complex trading strategies.
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
Kraken Fees
Fiat Deposits: 1.5%
Spread: 0 to 0.26% per trade
Crypto withdrawal: 0.00001 BTC
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer (Etana Custody)
- In-person at Canada Post
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
Compare More Top Canadian Crypto Exchanges
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 |
Related
- Shakepay vs Newton
- Kraken vs Coinbase
- Bitbuy vs Shakepay
- Kraken vs Binance
- Newton vs NDAX
- Newton vs Wealthsimple
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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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
