Bitbuy vs Kraken

Who writes this: Every review on this site is written by Max Hamburger (pseudonym / sudo anon), an independent Canadian cryptocurrency researcher actively tracking and evaluating platforms since 2018.
How we test: We sign up for real accounts, deposit Canadian dollars ($CAD) via Interac e-Transfer, execute real trades to calculate true spread markups, and test withdrawal times to cold hardware wallets.
Affiliate disclosure: Some links are affiliate links. If you sign up through one, we may earn a commission at no cost to you. This never influences our ratings or fee math. Full disclosure.
Pricing accuracy: Fee schedules and spreads are manually verified against live Canadian order books. Check the verification date on each review for the last confirmed check. Editorial policy.

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Bitbuy distinguishes itself in the Canadian market with a focus on security, offering 1:1 insured Bitcoin holdings and a user-friendly platform that caters to both beginners and advanced traders through separate trading interfaces. It provides a curated selection of cryptocurrencies, appealing to users looking for a reliable and straightforward trading experience with strong regulatory compliance.

Kraken, on the other hand, serves a global audience with its vast selection of cryptocurrencies, advanced trading features, and high liquidity, making it ideal for traders seeking a wide range of trading pairs and sophisticated trading tools.

While Bitbuy is tailored for Canadian users prioritizing security and ease of use, Kraken offers a more extensive trading environment suitable for those looking to engage in global cryptocurrency markets with complex trading strategies.

kraken

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Kraken Fees

Fiat Deposits: 1.5%
Spread**: 0 to 0.26%** per trade
Crypto withdrawal: 0.00001 BTC

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer (Etana Custody)
  • In-person at Canada Post

Visit Kraken

Kraken Pros

  • One of the oldest exchanges in crypto
  • Full trade platform
  • Crypto to crypto trading pairs
  • 24/7 live chat support
  • Low spread fee

Kraken Cons

  • Complicated fee structure
  • Not as beginner-friendly
  • 1.5% deposit fee on fiat
  • High crypto withdrawal fee