In This article covers the best Coinbase alternatives in Canada. My focus will be on platforms with competitive fees, extensive lists of available cryptocurrencies, and unique qualities.
No matter your level of experience, these alternatives cater to Canadians looking for Coinbase and Coinbase Pro-like alternatives that further provide security and low-price solutions to buying, selling, and trading digital assets.
key Points & Best Coinbase Alternatives In Canada List
| Platform | Key Point |
|---|---|
| Kraken | Known for strong security and advanced trading features, ideal for pro traders. |
| Binance | Offers the widest selection of cryptocurrencies and low trading fees. |
| Gemini | US-regulated exchange with a focus on compliance and security. |
| Crypto.com | Features a comprehensive crypto ecosystem with cashback Visa cards. |
| Robinhood | Commission-free crypto trading, but users can’t withdraw crypto directly. |
| iTrustCapital | Specializes in crypto IRAs, allowing tax-advantaged crypto investing. |
| Uphold | Supports multiple asset classes, including crypto, stocks, and precious metals. |
| Changelly | Instant crypto swaps with competitive exchange rates and no account needed. |
| Paxful | Peer-to-peer Bitcoin marketplace with 350+ payment methods. |
| Bitvo | Canadian platform offering fast account verification and no-fee deposits. |
10 Best Coinbase Alternatives In Canada
1.Kraken
Kraken is a strong contendor for the best Coinbase alternative in Canada because of consistently good security, low fees, and high levels of cryptocurrency supported.
Founded in 2013, Kraken holds more than 200 cryptocurrencies in its portfolio, including some relatively unpopular altcoins which Coinbase does not offer.
For Canadians, it is simple to use because it also accepts CAD deposits via Interac e-Transfer and wire transfer. Trading fees also start low at 0.16% for makers and 0.26% for takers with volume based discounts.
With advanced trading features, margin trading, and futures, Kraken is more user friendly for new traders but also allows advanced users more options.
| Feature | Details |
|---|---|
| Crypto Support | Over 200 cryptocurrencies available |
| Trading Fees | Starts at 0.16% (makers) and 0.26% (takers) with volume discounts |
| Country Support | Available in Canada, US, and globally |
| Launch Date | 2013 |
| Unique Point | Advanced trading tools, margin trading, futures, and staking |
2.Binance
Binance is one of the leading alternatives to Coinbase in Canada because of its unparalleled selection of cryptocurrencies, low fees, and effective trading resources.
Founded in 2017, Binance has over 350 cryptocurrencies in comparison to Coinbases’ nearly 60 which provides Canadians with a far greater selection of tokens.
Binance’s standard trading fees are extremely competitive, starting at a mere 0.10% and even lower while using BNB (Binance Coin) for payment. Through Binance Canada, it has Canadian specific functions such as CAD deposits via Interac e-Transfer and wire transfer.
Binance’s complex tools for spot, margin, and futures trading, along with staking and launchpad access make the platform appealing to both casual users and experienced traders.
| Feature | Details |
|---|---|
| Crypto Support | Over 350 cryptocurrencies available |
| Trading Fees | Starting at 0.10%, with discounts using BNB token |
| Country Support | Available in Canada, US, and other countries |
| Launch Date | 2017 |
| Unique Point | Wide crypto selection, low fees, and advanced features like futures and margin trading |
3.Gemini
Gemini is another excellent option for crypto trading in Canada. What sets it apart is emphasis on security and regulatory compliance.
Founded in 2014, Gemini is a New York-based exchange that was started by the Winklevoss twins and currently supports over 100 cryptocurrencies including major tokens, DeFi assets, and other altcoins.
Canadian users can easily fund their CAD accounts through wire transfers and Gemini observes Canadian regulatory requirements.
The platform charges a flat fee for small trades and large orders over 1.49%, with additional discounts on the ActiveTrader interface.
Gemini places a unique emphasis on transparency, insurance coverage for digital assets, and institutional-grade custody solutions which make it stand out from competitors.
| Feature | Details |
|---|---|
| Crypto Support | Over 100 cryptocurrencies available |
| Trading Fees | 0.99% for small trades, lower fees with ActiveTrader interface |
| Country Support | Available in Canada, US, and other countries |
| Launch Date | 2014 |
| Unique Point | Strong regulatory compliance, insurance coverage for digital assets |
4.Crypto.com
Since its inception in 2016, Crypto.com has been a leader as a Coinbase alternative in Canada, as it features a well-rounded crypto ecosystem. In Canada, users can deposit CAD through Interac e-Transfer and can trade from a portfolio of over 250 cryptocurrencies.
Its all-in-one app is proprietary to Crypto.com and contains combined trading, staking, DeFi, Visa rewards card, yielding it the best app for Canadians who seek convenience and utility at the same time. Discounted trading fees also make it an attractive platform, as they start from 0.075% and further decrease with CRO token usage.
| Feature | Details |
|---|---|
| Crypto Support | Over 250 cryptocurrencies available |
| Trading Fees | Starting at 0.075% with discounts for using CRO token |
| Country Support | Available in Canada, US, and globally |
| Launch Date | 2016 |
| Unique Point | Full crypto ecosystem with staking, rewards cards, and DeFi services |
5.Robinhood
Established in 2013, Robinhood is known to serve Canadian customers looking for a Coinbase alternative offering commission-free trading. The application allows trading of around 20 major coins which, although limited, coupled with zero trading fees makes the platform appealing for beginners.
As the company expands its international footprint, Robinhood’s global application allows access to Canadians and has plans for further market integration. The suited combination of crypto and stocks on a single platform makes investing straightforward and inexpensive for Canadians.
| Feature | Details |
|---|---|
| Crypto Support | Around 20 major cryptocurrencies available |
| Trading Fees | Zero trading fees for crypto |
| Country Support | Available in Canada, US, and other regions |
| Launch Date | 2013 |
| Unique Point | Commission-free trading, user-friendly interface |
6.iTrustCapital
Founded in 2018, iTrustCapital is a remarkably appealing Coinbase alternative for Canadian investors interested in long-term crypto investing.
It primarily serves clients in the United States, but Canadians holding US-registered retirement accounts might find its crypto IRA platform advantageous.
It has more than 30 cryptocurrencies available, including Bitcoin, Ethereum, and Polkadot, charged with a flat 1% trading fee.
iTrustCapital offers a unique form of crypto exposure within a retirement account which is useful for Canadians trying to diversify and gain tax advantages via U.S. retirement accounts.
| Feature | Details |
|---|---|
| Crypto Support | Over 30 cryptocurrencies available |
| Trading Fees | 1% flat fee for trades |
| Country Support | Available for Canadian users with US-linked retirement accounts |
| Launch Date | 2018 |
| Unique Point | Specializes in crypto IRAs with tax-advantaged investing options |
7.Uphold
Uphold is a Coinbase alternative for Canadians which provides access to over 250 stocks, precious metals, cryptocurrencies, and fiat currencies. Founded in 2015, the firm allows Canadians to fund their accounts with CAD and take advantage of Uphold’s patented trading feature
Anything-to-Anything” which allows instant trading between different assets. Cryptocurrencies’ boasted integrated fee in trading spreads is usually around 0.8%–1.2% for major assets.
Uphold’s distinct and easy-to-use interface alongside their multi-asset investment support makes it the prime cryptocurrency platform for Canadians who are not looking to just invest in crypto but looking for a diversified investment platform.
| Feature | Details |
|---|---|
| Crypto Support | Over 250 cryptocurrencies available |
| Trading Fees | Embedded in spreads, usually around 0.8%–1.2% for major cryptos |
| Country Support | Available in Canada, US, and other regions |
| Launch Date | 2015 |
| Unique Point | Multi-asset support (crypto, fiat, stocks, precious metals) |
8.Changelly
Changelly is one of the best Coinbase alternatives for Canadians due to its quick and non-custodial services and lack of fully-required registration. Changelly was established in 2015 and currently supports more than 500 cryptocurrencies.
CAD is accepted, and Canadians can purchase cryptocurrencies via credit or debit cards through third-party payment processors. Changelly also ensures straightforward operations since it charges a fixed exchange rate of 0.25% for crypto-to-crypto exchanges, further enhancing speed and transparency.
One of their main strengths includes aggregating rates from several exchanges which further enables Canadian users to conveniently access a wide selection of tokens at competitive prices.
| Feature | Details |
|---|---|
| Crypto Support | Over 500 cryptocurrencies available |
| Trading Fees | 0.25% flat fee for crypto-to-crypto swaps |
| Country Support | Available globally, including Canada |
| Launch Date | 2015 |
| Unique Point | Aggregates rates from multiple exchanges for better pricing |
9.Paxful
Paxful is one of the best peer-to-peer crypto trading platforms since it supports over 350 cryptocurrencies and allows users to buy Bitcoins and other digital currency through 300 payment methods including Interac e-Transfer from Canada.
Unlike other Canadian platforms, Paxful has low trading fees that are around 1%. They also offer a secure escrow system for transactions. Their P2P model allows Canadian users greater versatility, making it easier for those who want to maintain privacy to access a wide range of payment methods.
| Feature | Details |
|---|---|
| Crypto Support | Over 350 cryptocurrencies available |
| Trading Fees | Around 1% for peer-to-peer transactions |
| Country Support | Available in Canada and many other countries |
| Launch Date | 2015 |
| Unique Point | Peer-to-peer platform with 300+ payment methods |
10.Bitvo
Based in Calgary, Alberta, Bitvo is one of the leading Canadian cryptocurrency exchanges that facilitate the buying, selling, and trading of digital assets on a straightforward platform.
Founded in 2018, Bitvo boasts efficient trading for Canadians, since it accommodates popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Dash (DASH).
Moreover, it sets itself apart from competitors in the region with its unique Same Day Guarantee, which promises instant account setup and same-day processing of deposits and withdrawals. Furthermore, Bitvo enables users to access and spend their crypto by providing a prepaid Visa card linked to the account.
User satisfaction and accessibility is a priority with Bitvo, who provide 24/7 customer support and phone assistance. The Canadian market was further solidified by Bitvos acquisition with FTX in 2022.
| Feature | Details |
|---|---|
| Crypto Support | Major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more |
| Trading Fees | Competitive fees with quick processing |
| Country Support | Primarily for Canadian users |
| Launch Date | 2018 |
| Unique Point | Same Day Guarantee for fast deposit and withdrawal processing |
Conclusion
To sum up, the most appropriate alternatives to Coinbase in Canada – Kraken, Binance, Gemini, Crypto.com, Robinhood, iTrustCapital, Uphold, Changelly, Paxful and Bitvo – have different offerings such as low trading fees, diverse crypto asset support, and easy to use interfaces.
These platforms are well suited to Canadian investors as they cater to different trading styles and offer competitive options.
