{"id":1078986,"date":"2026-07-03T13:43:53","date_gmt":"2026-07-03T17:43:53","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1078986"},"modified":"2026-07-05T18:45:31","modified_gmt":"2026-07-05T22:45:31","slug":"kraken-vs-bitbuy","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/cryptocurrency\/kraken-vs-bitbuy","title":{"rendered":"Kraken vs Bitbuy: Which crypto platform is better?"},"content":{"rendered":"
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\n Disclaimer:<\/b> This information should not be interpreted as an endorsement of cryptocurrency or any specific\n provider, service or offering. It is not a recommendation to trade.\n <\/div>\n<\/div>\n

Kraken and Bitbuy are two popular trading platforms where you can buy crypto in Canada. Both are legit, established exchanges, and both make it easy to buy and sell a variety of crypto coins and tokens.<\/p>

But which of these crypto platforms is better? Let\u2019s compare Kraken vs Bitbuy side-by-side to find out.<\/p>

Kraken vs Bitbuy: Supported coins and tokens<\/h3>

If you\u2019re just interested in trading major assets like Bitcoin (BTC) and Ethereum (ETH), Kraken and Bitbuy have both got you covered. But what if you want to trade a much wider range of coins and tokens?<\/p>

Kraken<\/a> supports over 600 coins and tokens globally, but some of them are not available for Canadian users to trade. You\u2019ll still find a host of popular and lesser-known cryptos on the platform, including some of the best cryptocurrencies to buy right now<\/a>.<\/p>

Bitbuy<\/a> offers a smaller range of coins and tokens. You can trade over 65 cryptos on the platform, including many of the world\u2019s largest digital currencies in terms of market capitalization. Just like on Kraken, you have the option to buy directly with Canadian dollars or trade one crypto for another.<\/p>

\"AwardWho\u2019s the winner?<\/h4>

Kraken<\/strong> supports a wider range of coins and tokens.<\/p>

Kraken vs Bitbuy: Fees<\/h3>

Which platform is cheaper, Kraken or Bitbuy? Well, it\u2019s complicated. The fees that apply can vary depending on your payment method, your 30-day trading volume, and whether you place an instant buy\/sell order or use either exchange\u2019s advanced trading platform.<\/p>

Deposit fees<\/h4>

Bitbuy doesn\u2019t charge any deposit fees.<\/p>

On Kraken, whether or not deposit fees apply will depend on the payment method you choose. e-Transfers and wire transfers are free, but fees apply to other methods. For example, deposit using a debit card and you\u2019ll pay a fee of $0.25 + 3.75%.<\/p>

Trading fees<\/h4>

Place an instant buy\/sell order on Kraken and a flat 1% trading fee applies. Kraken also includes a spread in the buy\/sell price, but the size of the spread varies depending on factors such as market volatility, which crypto you\u2019re trading, the size and type of your order, and your account activity.<\/p>

Alternatively, you can get lower fees by using the advanced Kraken Pro platform. Maker fees on Kraken Pro range from 0% to 0.4%, while taker fees range from 0.05% to 0.8%\u2014the greater your 30-day trading volume, the lower the fees that apply.<\/p>

Over at Bitbuy, if you place an express trade, you\u2019ll need to contend with a spread of 0.5%-1.85%. However, in times of adverse market conditions or low liquidity, this spread could be as high as 3%.<\/p>

Experienced traders might prefer to use Bitbuy Pro instead, in which case you will get a maker fee of 0.50% and a taker fee of 0.50%<\/p>

Withdrawal fees<\/h4>

Fees apply when you want to withdraw Canadian dollars from your Kraken account. You\u2019ll pay $10 for an e-Transfer withdrawal, 0.35% for EFT or $13 for a SWIFT transfer.<\/p>

Bitbuy doesn\u2019t charge any fees for e-Transfer withdrawals, but bank deposits and wire transfers incur a 1.5% fee.<\/p>

Bitbuy vs Coinbase: Fees<\/h3>
Fee type<\/th>Kraken<\/th>Bitbuy<\/th><\/tr><\/thead>
Minimum deposit<\/td>$1<\/td>$10<\/td><\/tr>
Trading fees<\/td>Instant buy\/sell transactions:
  • 1% trading fee<\/li>
  • $0 for e-Transfers and wire transfers, but fee applies to some other methods<\/li>
  • Spread also applies.<\/li>
  • Maker (Pro account): 0%-0.40%
    Taker (Pro account): 0.05%-0.80%<\/li><\/ul><\/td>
  • Bitbuy trade: 0.5% - 1.85% spread
    Bitbuy Pro: 0.5% maker & taker fee<\/li><\/ul><\/td><\/tr>
Staking fees<\/td>Up to 30% of staking rewards<\/td>Up to 30% of staking rewards<\/td><\/tr>
Deposit fees<\/td>$0 for e-Transfers and wire transfers
Debit card: $0.25 + 3.75%
SWIFT transfer: $3
In-person cash or debit at a Canada Post location: $1.25 + 0.25%
Bill payment: 0.25% per transaction (up to a maximum of $30)<\/td>		None<\/td><\/tr>
Withdrawal fees<\/td>Interac e-Transfer: $10
EFT: 0.35%
SWIFT: $13
Wire: $0-$35
Crypto: variable<\/td>		Crypto: varies
Interac e-Transfer: 0%
Bank deposit: 1.5%
Wire transfer: 1.5%<\/td><\/tr>
Get started<\/td>
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\"AwardWho\u2019s the winner?<\/h4>

It\u2019s a tie<\/strong>. We like the fact that Bitbuy has a simple and transparent free structure, but it\u2019s worth noting that frequent traders will get lower fees with Kraken Pro. Ultimately, you may need to compare prices based on the trade(s) you want to make to work out which platform is cheaper.<\/p>

Kraken vs Bitbuy: Canadian regulatory bodies<\/h3>

No matter where you buy and sell crypto, it\u2019s vital that you choose a platform that is properly regulated and licensed to operate in Canada. Happily, both Kraken and Bitbuy fit the bill.<\/p>

Kraken is registered with the Ontario Securities Commission and securities regulators in all provinces and territories as a Restricted Dealer. It\u2019s also registered with FINTRAC as a Money Services Business.<\/p>

Meanwhile, 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 FINTRAC as a Money Services Business, and with the Ontario Securities Commission as an Investment Dealer.<\/p>

\"AwardWho\u2019s the winner?<\/h4>

It\u2019s a tie.<\/strong> Both platforms are properly regulated in Canada.<\/p>

Kraken vs Bitbuy: Payment methods<\/h3>

When you open an account with Kraken, you can deposit funds via e-Transfer, wire transfer, SWIFT transfer, debit\/credit card, bill payment and crypto transfer. If you\u2019d prefer to pay with cash, you can also deposit or via debit at a Canada Post location.<\/p>

Bitbuy doesn\u2019t support quite as many payment methods as Kraken, but you can still deposit funds via e-Transfer, wire transfer or crypto deposit.<\/p>

\"AwardWho\u2019s the winner?<\/h4>

Kraken<\/strong> supports a wider range of payment options, including cash.<\/p>

Kraken vs Bitbuy: Trading tools<\/h3>

Kraken and Bitbuy both offer user-friendly platforms that allow you to buy crypto with CAD in a matter of minutes. But both exchanges also offer their own advanced trading platforms that offer a wide range of tools for more experienced traders.<\/p>

Kraken\u2019s advanced platform is known as Kraken Pro. Pro users can access lower trading fees and a host of advanced order types, including stop losses, trailing stops and iceberg orders. You can also customize a trading layout to suit your preferences, make use of advanced charting tools and technical indicators, and access live market data. Handily, the advanced features of Pro are also available in a dedicated Kraken Pro app<\/p>

Bitbuy Pro Trade is Bitbuy\u2019s platform for experienced traders, and it also offers reduced trading fees. Pro Trade users can place market or limit orders, with advanced instructions like Good Til Cancelled and Fill or Kill available. Other features include a live order book and market depth chart, integrated TradingView charts for technical analysis, and trade markers that show your buy and sell history on crypto price charts.<\/p>

\"AwardWho\u2019s the winner?<\/h4>

Kraken<\/strong> offers a wider range of advanced order types and trading tools.<\/p>

Kraken vs Bitbuy: Security features<\/h3>

The crypto world is certainly no stranger to hacks and scams, so it\u2019s important to find a trading platform that offers strong security features to protect your funds.<\/p>

Kraken has a well-earned reputation as a secure crypto exchange and has received ISO\/IEC 27001:2022 information security certification. It encrypts all sensitive account information, conducts real-time monitoring for suspicious activity, and requires email confirmation when you add a new withdrawal address. Two-factor authentication also helps to secure your account, and Kraken also runs a Bug Bounty program to help identify any security issues.<\/p>

Bitbuy also has a good reputation for security and a strong track record of keeping client funds safe. It supports two-factor authentication, has secure servers across multiple cloud providers around the world, and has insurance coverage provided by BitGo. It also runs a 90% cold storage policy.<\/p>

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\nRelated: <\/span>7 best crypto wallets in Canada in 2025<\/a>\n<\/div>\n<\/article>

\"AwardWho\u2019s the winner?<\/h4>

It\u2019s a tie.<\/strong> Both platforms have robust security measures in place.<\/p>

How do the mobile apps for Kraken vs Bitbuy compare?<\/h3>

Prefer to trade and manage your crypto holdings on the go? Kraken and Bitbuy both offer highly rated mobile apps that you can use to:<\/p>