Best Crypto Platforms in Canada: Compare Newton, Shakepay, Wealthsimple, Coinbase, and MexC

crypto investor in the rockies

Where to Buy or Sell Crypto in Canada?


Navigating the world of cryptocurrency can be daunting, especially for Canadians looking for secure and cost-effective platforms to buy, sell, or trade crypto. To simplify your decision-making process, we’ve compared six of the most popular providers: Newton, Shakepay, Coinbase, MexC, Crypto.com and WealthSimple. This table highlights their pros, cons, and star ratings to help you choose the platform that best fits your needs.


Crypto Provider Comparison - Canada
Provider Pros Cons Rating Sign-Up Offers
Newton
- Zero trading fees; costs built into the spread.
- Supports over 70 cryptocurrencies.
- Transparent fee structure with no withdrawal fees to Canadian bank accounts.
- User-friendly interfaces.
- Spreads can be wider than competitors.
- No advanced trading features.
- Potential delays in withdrawals during peak times.
⭐⭐⭐⭐⭐ $25 Bonus upon Trading $100
Shakepay
- No trading fees; revenue is made through spreads.
- Instant funding via Interac e-Transfer.
- Shakepay card allows Bitcoin cashback on purchases.
- Simple registration process.
- Limited to Bitcoin and Ethereum trading.
- No advanced trading features.
- Larger spreads compared to advanced trading platforms.
⭐⭐⭐⭐½ $20 in Bitcoin upon trading $100
MexC
- Extremely low trading fees starting at 0.1%.
- Supports a vast array of cryptocurrencies.
- Offers advanced trading options like futures and margin.
- Regular promotions and bonuses for users.
- Complex interface can overwhelm beginners.
- Lacks Canadian-specific features like Interac integration.
- Higher withdrawal fees compared to local exchanges.
⭐⭐⭐⭐ Up to $1,000 in Sign-Up Rewards!
Coinbase
- User-friendly interface, ideal for beginners.
- Advanced trading features through "Coinbase Advanced" for lower fees.
- Broad cryptocurrency support with over 100 coins.
- High security with insured deposits and two-factor authentication.
- High fees, especially for instant purchases.
- Limited customer support options.
- Expensive withdrawals and deposits via certain methods like PayPal.
⭐⭐⭐½ Get Paid to Learn about Crypto!
- Simple platform for beginners.
- Regulated and trusted in Canada.
- Offers stock and ETF trading alongside crypto.
- Limited cryptocurrency options.
- Higher fees compared to crypto-only platforms.
⭐⭐⭐½ Click to view current Promotions!
crypto.com
- Supports over 250 cryptocurrencies.
- Offers Visa card with cashback rewards.
- Advanced trading and staking features.
- High fees for non-staking users.
- Complicated fee structure.
- Customer support issues reported.
⭐⭐⭐½ Up tp 8% rewards on BTC and ETH


Each of these providers has unique strengths, and the right choice depends on your goals. Whether you're a beginner seeking simplicity, a trader looking for low fees, or a Canadian who values local-friendly options, there’s a platform here for you. Explore the providers, compare features, and start your crypto journey today.



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Disclosure:

The views expressed in this article are the opinions of the author as of the date of publication and do not constitute a recommendation to buy or sell any asset. Opinions are subject to change without notice and the author is under no obligation to update their views on this blog. This is not investment advice and is being provided for informational purposes only. You should not rely solely on the information or opinions provided in our content, rather use them as starting points for your own due diligence and draw your own conclusions based on your own research. The author cannot guarantee the veracity or completeness of any information provided in this blog and will not be responsible for inadvertent errors or omissions. Please do your own due diligence and invest responsibly as you alone are responsible for your own investment decisions. Investments carry risk, are not guaranteed, and can lose value. 

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