Exchange Comparison

Craig Leontowicz
Updated: February 6, 2023

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With so many apps to Buy Bitcoin in Canada, I wanted to compile the ratings and reviews for the most popular apps and exchanges.

• The best-rated app with the most reviews is Wealthsimple.
• Newton and Shakepay are the next most popular choices for Canadian exchanges.
• Kraken, Coinbase, and Binance are the largest exchanges and have the most app downloads and reviews.

This isn’t my opinion this is based on the numbers. The people love Wealthsimple.

I Googled every exchange app. Their app store rating and the number of reviews they have received.

You can decide for yourself which you think is the best app for cryptocurrency in Canada based on this data.

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Craig Leontowicz
Updated: February 5, 2023

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.

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Craig Leontowicz
Updated: February 2, 2023

Affiliate Disclaimer – We earn from qualifying purchases.

Choosing the best crypto exchange between Newton vs NDAX will ultimately depend on a few factors. Mainly how much you want to buy/sell and if you want to trade or just buy and hold.

I have used both of these exchanges for more than two to three years now and this is what I would recommend and why:

• Newton – Easy to use exchange for beginners with lots of altcoins. Best overall exchange for most people.
  
  
• NDAX – Best for traders. Stake crypto to earn interest rewards.
  
  
• For Fees: Use Newton to buy/sell less than $5K worth of crypto and use NDAX if you want to buy/sell more than $5K.

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There are 11 Registered Crypto Asset Trading Platforms in Ontario. The following crypto asset trading platforms have received exemptive relief to offer crypto products to investors in Ontario. (Source)

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Here are 4 crypto exchange alternatives to Bitbuy.

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Here are 3 alternative Canadian crypto exchanges to Shakepay to purchase, trade, and sell Bitcoin and cryptocurrency.

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