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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. Convert SHIB to CAD.
5 Best Ways to buy/sell Shiba Inu Coin in Canada:
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)
❌ Netcoins 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
UPDATE: On July 31, 2023 Coinberry users will be upgraded to Bitbuy.
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. 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, and TheBitTimes.com
