5 Best Coinberry Alternatives for Crypto Trading in Canada 2024

Coinberry is one of the best crypto trading platforms in Canada for beginners. Users can access and buy/sell 35+ cryptocurrencies without extra trading or deposit/withdrawal fees.

Although there are no ‘trading’ fees on the platform, you’ll incur an in-built bid-ask spread that may run as high as 2.5%. That can get quite expensive, forcing many active, cost-conscious traders to look for Coinberry alternatives to save on trading fees.

You can learn more about how the platform works in this Coinberry Canada review.

Best Coinberry Alternatives in Canada

Below is a summary of the best crypto trading apps like Coinberry that you can look into if Coinberry doesn’t meet your crypto needs.

CoinSmart (now Bitbuy)

CoinSmart ($50 bonus) is my top pick for Coinberry alternatives in Canada. It is an easy-to-use crypto brokerage platform that makes crypto accessible to everyone in Canada and 14 other countries.

The platform offers basic and advanced trading features to cater to both beginners and experienced traders, instant/same-day account verification, and a same-day deposit guarantee for all transfer methods, including Interac e-transfer, bank wire, and debit/credit cards.

Other features include the CS Premium OTC desk to fill large orders, SMART Pay to send/receive crypto payments, and the CoinSmart app to trade on the go.

Users can access and buy/sell multiple crypto coins priced in CAD, USD, and EUR at flat fees of 0.2%.

Your assets are then secured via 2FA, cold storage, and third-party custody with Bitgo and Fireblocks multisig wallets.

VirgoCX

VirgoCX is one of the best places to buy crypto in Canada for both beginners and experienced traders.

The platform offers commission-free trading, instant free deposits/withdrawals, basic/advanced trading interfaces, recurring buys, and Tradeview charting tools.

It offers a wide list of 50+ cryptocurrencies, and users can buy crypto with CAD or USD via Interac e-transfer, Bill Payment, and wire transfers.

Other top services include an OTC desk via VirgoCX Wealth to fill large orders, Foreign Exchange, and an NFT brokerage service to find, trade, and collect trendy NFTs.

To keep your coins safe, VirgoCX uses 2FA for secure login, SSL encryption, and Coinbase custody.

Wealthsimple Crypto

Wealthsimple Crypto is among the best crypto trading apps in Canada for beginners or users looking to invest in crypto, stock, and ETFs in one place.

Users can trade 50+ cryptocurrencies on the platform, and its simple, easy-to-use interface offers basic buy/sell features and limit orders to make it easy to buy crypto with a single click or at predetermined prices.

The crypto brokerage platform offers commission-free trading and doesn’t charge any extra deposit/withdrawal fees. Instead, you incur an in-built bid-ask spread of 1.5%-2% on buy and sell orders.

KYC verification is instant & automatic, and you can fund your account by linking a bank account or crypto deposits and start investing with as little as $1.

Security-wise, the platform safeguards your assets via 2FA, private key encryption, and cold storage via Gemini Trust.

Netcoins

Netcoins is among the best Coinberry alternatives in Canada, especially for beginners.

The crypto platform offers free deposits/withdrawals, a basic interface with buy/sell features, limit orders, and price alerts via SMS/email to allow beginners to buy 30+ cryptocurrencies with CAD or USD at competitive rates.

KYC verification is fast, and once your account is verified, you can fund your wallet via Interac e-transfer, bank wire, or crypto deposits and start trading with as little as $10.

Netcoins charges a flat trading fee of 0.5% on all trades. Though the fee is higher than average, you can have peace of mind as you won’t incur any extra funding/withdrawal fees.

There is also a Netcoin mobile app to trade on the go, and Netcoins Pay prepaid Visa card to allow you to spend your crypto easily and earn 1% in crypto rewards.

Binance

Binance is the largest crypto exchange in the world, and it’s available in all other Canadian provinces except Ontario.

It is one of the best crypto trading platforms in Canada that offers a wide crypto list of 600+ crypto, and low trading fees of 0.1% and below.

The Binance exchange is reputed as a one-stop crypto hub that offers many trading options, including spot trading, margin trading, P2P trading, Binance leveraged tokens, Binance NFT marketplace to mint and trade NFTs, and crypto derivatives/futures.

The platform also offers many other crypto services, including crypto staking, crypto loans, Binance Pay, Binance Visa card, and Binance Earn, which offers a myriad of ways to monetize and grow your idle crypto assets.

What To Look For in a Canadian Cryptocurrency Exchange

Below is a list of features you should consider when choosing a Coinberry alternative in Canada:

• Trading fees
• Supported coins
• Security features
• Availability of mobile apps
• Trading features and charting tools
• Trading options/other crypto services

Pros of Coinberry

• Free deposits and withdrawals
• Gemini Custody and Lloyd’s insurance
• Beginner friendly interface
• Coinberry Pay to send/receive crypto payments

Cons of Coinberry

• Expensive spreads, up to 2.5%
• Doesn’t offer advanced trading features/charting tools

Crypto Apps Like Coinberry: Conclusion

Crypto beginners will find Coinberry useful as it offers a simple interface to buy crypto with CAD.

However, it may not work for seasoned traders, or cost-conscious traders looking to save on fees or access a wider crypto list.

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.