Compare exchanges by rates, spreads, fees, custody models, and withdrawal options before taking control of your money.

Compare exchanges Withdrawal guide
Two models

Direct-to-wallet versus custodial platform

Direct-to-wallet broker

You provide a wallet address and purchased bitcoin settles to that address. This reduces time held by the service but requires you to have a tested wallet first.

Examples: Bull Bitcoin and Bitcoin Well describe direct self-custody purchase flows.

See comparison

Custodial exchange or app

The platform credits bitcoin to your account and holds the keys until you withdraw. It can be convenient for trading, but account access and platform solvency remain dependencies.

Examples: Shakepay, Ndax, Kraken, and Bitbuy support external withdrawals.

See comparison
Comparison

Choose based on the workflow you need

Available Optional or model-dependent Not part of the standard workflow
Platform Bull Bitcoin Bitcoin Well Shakepay Ndax Kraken Bitbuy
Custody and asset scope
Direct-to-wallet settlement ✓Non-custodial by design ✓Non-custodial by design ◐Custodial by default; manual transfer to your own wallet —Custodial trading platform —Custodial exchange —Custodial marketplace
Bitcoin-only platform ✓ ✓ ◐Also ETH and other assets —30+ assets —175+ assets, plus stocks and futures —Dozens of assets
Order-book / pro trading interface —Simple quoted-rate purchase only —Simple quoted-rate purchase only —No order books, by design ✓ ✓Kraken Pro ✓Bitbuy Pro
CAD funding
Interac e-Transfer ✓Typically under 30 seconds ✓30 seconds or less ✓ ✓ ✓ ✓0% fee
Bank wire ✓Wire and Inbound Bill Payments accepted ◐Via OTC desk, $10,000 minimum — ✓ ✓ ✓0% fee, $10,000 minimum
Cash / ATM access — ✓160+ cash ATM locations — — ✓Cash and debit via Canada Post —
Costs and features
Recurring buys (DCA) ✓ ✓Recurring Interac e-Transfer ✓Zero fees or spread ✓Daily, weekly, or monthly, from $1 ✓Auto-invest —Not listed in current fee or help docs
Published flat trading fee —Quoted rate/spread, not a flat published % —Portal and ATM pricing differ —Spread embedded in the quote ✓Flat 0.20%, no tiers —Simple-buy vs. Pro pricing differ ◐Pro: 0.50%/0.50% maker/taker; Express embeds spread
Free or flat-fee crypto withdrawals —No separate withdrawal—bitcoin settles directly on purchase —No separate withdrawal—bitcoin settles directly on purchase ✓Free on-chain BTC mainnet and Lightning ◐Flat amount, not free ◐Dynamic, network-based fee ◐Mixed: some assets free, BTC/ETH dynamic
The platforms

Six Canadian routes

Direct-to-wallet brokers first, then custodial platforms. Grouped, not ranked.

Bull Bitcoin

A Canadian Bitcoin-only broker that sends purchased bitcoin directly to an address you control. It supports Interac e-Transfer, larger bank transfers, recurring buys, on-chain Bitcoin, Lightning, and Liquid workflows.

Why self-custody users consider it

  • No exchange bitcoin balance to withdraw later in the normal purchase flow.
  • Bitcoin-focused support and direct settlement.

Check

  • The all-in quoted rate and network fee for your order size.
  • Your address and wallet backup before placing the order.
Official site

Bitcoin Well

A Canadian self-custody Bitcoin company offering an online portal, recurring buys, an OTC desk, and a network of cash ATMs. Its published model delivers purchased bitcoin to a wallet you control rather than providing custody.

Why self-custody users consider it

  • Automatic direct-to-wallet settlement.
  • Online, recurring, OTC, and cash purchase options.

Check

  • Online-portal and ATM pricing are different products.
  • Verification requirements and limits depend on the transaction method and amount.
Official site

Shakepay

A Canadian app focused on a simple buy, earn, and withdraw experience. Shakepay currently advertises free Bitcoin mainnet withdrawals and Lightning transfers, but bitcoin is custodial until you send it to your wallet.

Why people consider it

  • Simple onboarding, recurring buys, and Canadian app experience.
  • Beginner-friendly withdrawal flow.

Check

  • The effective spread in the quote even when a separate trading fee is not shown.
  • Current withdrawal minimums and policy before relying on free withdrawals.
Official site

Ndax

A Canadian order-execution platform with CAD funding, an order book, multiple assets, and external withdrawals. Ndax currently publishes a flat 0.20% trading fee, while crypto withdrawals use asset-specific flat fees.

Why people consider it

  • Visible order-book workflow and posted trading fee.
  • CAD Interac and bank-transfer options.

Check

  • The bid-ask spread and asset withdrawal fee, not just the trading percentage.
  • Whether a smaller withdrawal is economical after the flat fee.
Official site

Kraken

A large global exchange with Canadian CAD support, Interac e-Transfer, cards, wire transfers, Canada Post funding, simple purchases, recurring buys, and advanced Kraken Pro trading tools.

Why people consider it

  • Deep product range, liquidity, advanced order types, and broad asset support.
  • Multiple Canadian funding methods.

Check

  • Simple-buy pricing can differ materially from Kraken Pro.
  • Funding and withdrawal charges vary by method and asset.
Official site

Bitbuy

A Canadian crypto marketplace offering Express and Pro trading, Interac and bank funding, external withdrawals, and multiple assets. It operates under Coinsquare Capital Markets.

Why people consider it

  • Canadian-focused onboarding and regulation.
  • Choice between simple quotes and a Pro interface.

Check

  • Express quotes include spread; Pro uses maker/taker pricing.
  • Crypto withdrawal fees can change with the asset and network.
Official site

Product details checked against Bull Bitcoin, Bitcoin Well, Shakepay, Ndax, Kraken Canada, Bitbuy. Features, availability, and pricing can change. Links checked August 6, 2026.