Kraken is one of the oldest, largest, and most trusted crypto exchanges in the crypto industry. They have a stellar reputation for security. I have been a Kraken customer for many years now.
All the screenshots in this Kraken Review are from my personal accounts and apps. I stake Ethereum on Kraken and have used it for the occasional crypto-to-crypto altcoin trade.
My Conclusion: Kraken is best and recommended for traders. Trusted exchange with a good reputation. Good UI design. The Kraken Pro website and app are fully featured for traders and it has been my go-to exchange for trading since the FTX implosion.
If you want a simple way to buy a small amount of Bitcoin I would probably recommend a different exchange that is simpler to use like Shakepay or Newton.
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
NDAX has one of the lowest spread fees compared to other Canadian crypto exchanges, but one drawback is the higher fees to withdraw crypto.
If you are wondering is NDAX is a scam? The answer is NO. It is a legit crypto exchange. I use NDAX for trading and have extensively researched their trustworthiness for over 3 years.
However, it may not be the best crypto exchange for everyone. In this NDAX review, I will take you through the good and the bad of the NDAX cryptocurrency exchange to help you figure out if it’s the best crypto exchange for your needs.
My conclusion: NDAX is best for traders and buying and selling larger amounts of crypto (over ~$3000 and up). NDAX account signup was easy and automated and I got $10.
NDAX uses TradingView charts for the ‘Trade’ dashboard. They offer staking on a number of digital assets. Plus, you can toggle ‘Dark mode’ on and off — so you know it’s legit and made for traders. 🙂
Newton has some of the lowest spread fees, a large selection of altcoins, and a simple UI design that is very easy to use. It is a safe, regulated, and legit crypto exchange for Canadians. Despite the rough verification process and sometimes spotty customer service — I use Newton as one of my main go-to exchanges.
I am writing this Newton review after using the exchange for about three years now. I have read the good and bad reviews on Reddit/social media — this has been my experience buying and selling crypto on Newton. This Newton review will break down everything you should know before signing up to Newton.
My conclusion: Newton crypto exchange is currently the ‘best all-around exchange’ for a majority of Canadians because of the combination of friendly easy-to-use interface design, low fees, multi-network support, and a large selection of altcoins to trade.
Newton has made several improvements to their platform in the last year. Most notable is a huge increase in positive user ratings on the Android app.
Shakepay is one of my favorite crypto exchanges in Canada because it simplifies buying and selling Bitcoin or Ethereum. Instantly fund or withdraw fiat ($CAD) using Interac e-Transfer. Signing up and verifying an account was fast and automated.
Use a referral link to activate the secret ‘ShakingSats’ rewards easter egg to earn free Bitcoin daily and get a $20 sign-up bonus.
I have been using Shakepay for over three years at the time of post update. I have read the good and bad reviews on Reddit/social media — this has been my experience buying and selling crypto on Shakepay. This Shakepay review will break down everything you should know before signing up to Shakepay.
My conclusion: I recommend Shakepay to friends who are just starting out in crypto and simply want to buy a small amount of Bitcoin or Ethereum. No fee crypto withdrawals and the ShakingSats rewards program make it a really great experience.
Shakepay handles peak times very well. It has worked consistently through the market ups and downs in the last bull market. Not all exchanges have handled it as well as Shakepay.
This Shakepay vs Newton review is tailored specifically for novices in the Canadian crypto space. It aims to provide a straightforward guide to compare these two top crypto exchanges.
I’ll touch upon pros, cons, features, fees, spread, common risks, and debates among beginners, to help aid you in making an informed decision between Shakepay or Newton for your initial foray into cryptocurrency. My goal is to make your journey as smooth and rewarding as possible.
This comparison is based on my personal experience buying, selling, and trading on both of these exchanges for 3+ years. I regularly read comments on Reddit and social media to gauge community sentiment, how long transactions are taking to process, and any support or liquidity issues that may be cause for concern.
My Conclusion — If you’re new to buying Bitcoin in Canada, Shakepay is a great starting point. It’s user-friendly and perfect for beginners, allowing easy purchases with Interac e-Transfer. Use Newton if you want a larger altcoin selection and a lower spread fee when trading.
✅ TL;DR Newton vs Shakepay
Newton caters more to users seeking a wider range of cryptocurrencies and slightly more advanced trading tools, with the advantage of a lower spread.
Shakepay is excellent for those new to crypto, and looking for a straightforward, user-friendly experience with additional perks like Bitcoin rewards.
Summary — Choosing between the two largely depends on individual preferences, trading experience, and the importance of a broad crypto selection versus user experience. I use and am happy with and trust both exchanges.
Crypto Tax software is a tool designed to help individuals and businesses in calculating and reporting their cryptocurrency tax obligations. The software automates the process of tracking and reporting cryptocurrency transactions to the tax authorities, making it an essential tool for anyone who has invested in cryptocurrency.
There are several Crypto Tax software options available in Canada, each with its unique features and benefits. Some of the most popular options include Koinly, CoinTracking, and CryptotaxCalculator.io.
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