which app to buy bitcoin in canada

Newton is an excellent choice for Canadian cryptocurrency buyers seeking user-friendliness, competitive fees, and various cryptocurrencies, including Bitcoin.

Jan 29, 2025 at 04:25 pm

Key Points

• Best overall: Newton
• Best for beginners: Shakepay
• Best for advanced traders: Kraken
• Best for low fees: Binance
• Best for security: Hardware wallets
• Best for privacy: Wasabi Wallet
• Best for multicurrency support: Coinbase
• Best for instant purchases: Coinmama

Choosing the Right App to Buy Bitcoin in Canada

1. Best Overall: Newton

Newton is a Canadian cryptocurrency exchange that offers a user-friendly platform, competitive fees, and high security standards. It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

• Pros:

  • User-friendly platform
  • Competitive fees
  • High security standards
  • Supports a wide range of cryptocurrencies

• Cons:

  • May not be suitable for advanced traders

2. Best for Beginners: Shakepay

Shakepay is a Canadian cryptocurrency exchange that is designed for beginners. It offers a simple and intuitive platform, low fees, and high security standards. Shakepay supports a limited number of cryptocurrencies, including Bitcoin and Ethereum.

• Pros:

  • Simple and intuitive platform
  • Low fees
  • High security standards
  • Suitable for beginners

• Cons:

  • Supports a limited number of cryptocurrencies

3. Best for Advanced Traders: Kraken

Kraken is a global cryptocurrency exchange that offers a wide range of trading features, competitive fees, and high security standards. It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Tezos.

• Pros:

  • Wide range of trading features
  • Competitive fees
  • High security standards
  • Supports a wide range of cryptocurrencies

• Cons:

  • May not be suitable for beginners

4. Best for Low Fees: Binance

Binance is a global cryptocurrency exchange that offers some of the lowest fees in the industry. It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.

• Pros:

  • Lowest fees in the industry
  • Supports a wide range of cryptocurrencies
  • User-friendly platform

• Cons:

  • May not be suitable for beginners
  • Has been involved in some regulatory controversies

5. Best for Security: Hardware Wallets

Hardware wallets are physical devices that store your cryptocurrency offline, making them immune to cyberattacks. They are the most secure way to store cryptocurrency.

• Pros:

  • Most secure way to store cryptocurrency
  • Offline storage
  • Immune to cyberattacks

• Cons:

  • Can be expensive
  • Can be lost or damaged

6. Best for Privacy: Wasabi Wallet

Wasabi Wallet is a non-custodial Bitcoin wallet that provides complete anonymity and fungibility through CoinJoin transactions. It is the best choice for users who prioritize privacy.

• Pros:

  • Complete anonymity and fungibility
  • Non-custodial
  • Free and open source

• Cons:

  • May be complex for beginners

7. Best for Multicurrency Support: Coinbase

Coinbase is a global cryptocurrency exchange that supports over 100 different cryptocurrencies, including Bitcoin, Ethereum, and Solana. It offers a user-friendly platform, high security standards, and a wide range of trading features.

• Pros:

  • Supports over 100 cryptocurrencies
  • User-friendly platform
  • High security standards
  • Wide range of trading features

• Cons:

  • May not be the most cost-effective option

8. Best for Instant Purchases: Coinmama

Coinmama is a cryptocurrency brokerage that allows you to purchase Bitcoin and Ethereum with credit cards and debit cards. It offers fast and convenient purchases, but the fees can be higher than other options.

• Pros:

  • Fast and convenient purchases
  • Credit card and debit card support

• Cons:

  • Higher fees

FAQs

Q: What is the best app to buy Bitcoin in Canada?
A: Newton, Shakepay, and Kraken are all excellent options for buying Bitcoin in Canada, depending on your needs and preferences.

Q: What are the benefits of using a hardware wallet?
A: Hardware wallets are the most secure way to store cryptocurrency because they are offline and immune to cyberattacks.

Q: What is Wasabi Wallet?
A: Wasabi Wallet is a non-custodial Bitcoin wallet that provides complete anonymity and fungibility through CoinJoin transactions.

Q: What is the best app for buying and selling multiple cryptocurrencies?
A: Coinbase supports over 1