These apps and crypto exchange platforms offer Canadians staking of crypto assets:
- Bitbuy
- NDAX
- Kraken
- Wealthsimple
Bitbuy
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)
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
NDAX
Read: NDAX Review
NDAX Fees
- Deposits and withdrawals: $0
- Spread: 0.2%
- Crypto withdrawal: 0.000399 BTC (~$13)
Funding & Withdrawal Options
- Interac E-Transfer – Funding only
- Bank Draft
Cryptocurrencies: 30+
NDAX Pros
- Dark mode
- Full exchange for traders
- Low spread fee
- Option to send coins on the Ethereum (ERC20) or the Binance Smart Chain (BEP20) networks
- Staking – Earn staking rewards from your crypto
- Buy Bitcoin with stablecoins USDT or USDC trade pairs
NDAX Cons
- You can only make deposits with Interac E-transfer. Can’t withdraw $ CAD funds with Interac E-transfer.
- Crypto withdrawal fee is high
Kraken
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
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
Wealthsimple
Wealthsimple Fees
- Spread: ~1.5 to 2%
Funding & Withdrawal Options
- Link bank account
Cryptocurrencies: 49+
Wealthsimple Pros
- Super easy to use
- UI design
- Staking
Wealthsimple Cons
- High fees
- No limit orders
- Takes 3-5 days to transfer and settle funds
HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
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