Shiba Inu (SHIB) is a meme token. Shiba Inu coin inspired by Dogecoin. Meme coins are cryptocurrencies inspired by jokes. What began as a fun currency has now transformed into a decentralized ecosystem.
5 Best Ways to buy/sell Shiba Inu Coin in Canada:
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1. Newton – Low fees and easy-to-use crypto exchange.
Read: Newton Review
Newton Fees
- Deposits and withdrawals: $0
- Spread: ~0.75% to 1.5%
- Crypto withdrawal: Free up to $5 of network fees
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.
2. Netcoins
Netcoins Fees
- Deposits and withdrawals: $0
- Spread: 0.5%
- Crypto withdrawal: 0.00025 BTC ($15)
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)
Nestcoins Cons
- Average withdrawal fee on crypto
- Average spread fee on trades
3. 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
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
4. Coinberry
Coinberry Fees
- Deposits and withdrawals: $0
- Spread: 0% to 2.5% (Depends on asset)
- Crypto withdrawal: Dynamic
Funding & Withdrawal Options
- Interac e-Transfer
- Wire Transfer
Cryptocurrencies: 35+
Coinberry Pros
- Coinberry pay
Coinberry Cons
- Only accepts Bitcoin and Ethereum for crypto funding/deposits
- Limited options for withdrawing crypto
- High fees
5. Wealthsimple – Trade stock and crypto in one exchange.
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
How to Buy Shiba Inu Coin in Canada
- Set up and verify an account at a Canadian crypto exchange.
- Send funds to exchange. Interac e-Transfer is the easiest, fastest way.
- Trade CAD for SHIB.
- Send SHIB to your wallet.
Shiba Inu Wallets
- Exodus
- Trust Wallet
- Atomic Wallet
- Ledger (Hardware Wallet)
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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