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.
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)
This Shakepay vs Newton review is tailored specifically for novices in the Canadian crypto space. It aims to provide a straightforward guide to compare these two top crypto exchanges.
I’ll touch upon pros, cons, features, fees, spread, common risks, and debates among beginners, to help aid you in making an informed decision between Shakepay or Newton for your initial foray into cryptocurrency. My goal is to make your journey as smooth and rewarding as possible.
This comparison is based on my personal experience buying, selling, and trading on both of these exchanges for 3+ years. I regularly read comments on Reddit and social media to gauge community sentiment, how long transactions are taking to process, and any support or liquidity issues that may be cause for concern.
My Conclusion — If you’re new to buying Bitcoin in Canada, Shakepay is a great starting point. It’s user-friendly and perfect for beginners, allowing easy purchases with Interac e-Transfer. Use Newton if you want a larger altcoin selection and a lower spread fee when trading.
✅ TL;DR Newton vs Shakepay
Newton caters more to users seeking a wider range of cryptocurrencies and slightly more advanced trading tools, with the advantage of a lower spread.
Shakepay is excellent for those new to crypto, and looking for a straightforward, user-friendly experience with additional perks like Bitcoin rewards.
Summary — Choosing between the two largely depends on individual preferences, trading experience, and the importance of a broad crypto selection versus user experience. I use and am happy with and trust both exchanges.
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