5 Coinbase Alternatives: What is the Canadian Equivalent to Coinbase?

Affiliate Disclaimer – We earn from qualifying purchases.

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.

Newton Dashboard
Newton Dashboard

Read: 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

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.

Get $25 Newton Sign Up Bonus →

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.

Shakepay
Shakepay

Read: 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

Get a $5 Shakepay Sign Up Bonus →

Netcoins

Simple design. similar to Coinbase. One of the few exchanges that let you fund/withdraw USD dollars from a Canadian bank account.

Netcoins
Netcoins

Netcoins Fees

  • Deposits and withdrawals: $0
  • Spread: 0.5%
  • Crypto withdrawal: 0.00025 BTC ($15)

Check Fees and Prices

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

Get $25 Netcoins Sign Up Bonus →

Kraken

Recommended for: traders that are looking for larger volume, crypto-to-crypto trading pairs, staking, and advanced order types.

Kraken

Read: Kraken Review

Kraken Fees

  • Fiat Deposits: 1.5%
  • Spread: 0 to 0.26% per trade
  • Crypto withdrawal: 0.00001 BTC

Check Fees and Prices

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

Get $10 USD in BTC – Kraken Sign-Up Bonus when you use the app →

Bitbuy

Bitbuy has insured deposits.

Bitbuy
Bitbuy Crypto Exchage

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

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

Get $5 Bitbuy Sign Up Bonus →

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
Crypto:~$15

$0

30+

0 - 1.5%

Fiat: 1.5%
Crypto:~$10

$0

25+

0.2 - 0.3%

Crypto: 0.00001 BTC

Fiat: 1.5%

65+

VirgoCX

0.5 - 2.5%

Fiat: $0
Crypto:~$10

$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%
Min. $5 Fee

$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.

favicon


HowToBuyBitcoin101.com is a simple guide for beginners to get started with cryptocurrency in Canada. We also review and compare crypto exchanges and wallets.

AFFILIATE DISCLAIMER – We earn from qualifying purchases.

© 2024, HowToBuyBitcoin101.com

Privacy Policy · Terms of Use · Editorial Integrity Policy · Affiliate Disclosure · GPDR Policy

IMPORTANT DISCLAIMER: All content provided herein on our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third-party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze, and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.