Is Kraken better than Bitbuy?

It depends on what you’re looking for in a crypto trading platform. If you want access to a wider range of cryptocurrencies, more payment options and the potential for lower trading fees with Kraken Pro, Kraken may be a better option for you. But if you want to buy and sell crypto on a user-friendly Canadian exchange with a transparent fee structure, Bitbuy might be a more suitable fit for your needs.

Is it cheaper to buy on Kraken Pro?

Yes, Kraken Pro offers lower trading fees than the standard Kraken platform. Pro offers maker fees of 0% to 0.4% and taker fees of 0.05% to 0.8%, and the fee that applies is determined by your 30-day trading volume on the platform. The greater the volume, the lower the fee you can qualify for.

Are Kraken and Bitbuy available outside Canada?

Kraken is a global exchange that offers trading services in over 190 countries, so it’s accessible right around the world. But Bitbuy is available for Canadians only, so residents of other countries cannot open a trading account.

Is Bitbuy a safe platform?

Yes, Bitbuy is a safe and secure trading platform. Founded in 2016, Bitbuy is a Canadian exchange headquartered in Toronto. Bitbuy is a trading name of Coinsquare Capital Markets, which is a member of the Canadian Investment Regulatory Organization (CIRO). It is also registered with the Ontario Securities Commission as an Investment Dealer, registered with FINTRAC as a Money Services Business, and implements safety measures like two-factor authentication to help ensure the security of your funds.

What is the best crypto exchange in Canada?

The best crypto exchange for you varies depending on factors such as your trading experience and the coins and tokens you want to trade. For example, Bitbuy is a great option for beginners who want to buy crypto with CAD, while Kraken has plenty of tools to suit advanced traders. Learn more in our guide to the best crypto exchanges and apps in Canada .

Jing Jun Ma, Publisher at Finder

Jing Jun Ma

Publisher

Jing Jun Ma is a tech and data expert with more than a decade of experience in digital marketing and programming. He wrangles data to make it useful for consumers facing a decision.