More Crpyto Offerings In Canada - April 2022

in LeoFinance4 months ago

Hi there. I had a post back in September 2021 talking about cryptocurrency offerings in Canada. It is April 2022 and a lot has changed since then. I cover the updated crypto offerings from Wealthsimple Crypto, Newton and Netcoins. I do not cover the other Canadian platforms as I would not know much of them and I am not subscribed to their newsletters.

The Canadian crypto exchanges all require identity verification.

Even with these updates and additional coin offerings the Canadian crypto exchanges are not as big compared to Coinbase, Binance, Kucoin, FTX, OKX, Huobi, Crypto.com, Kraken and so on.


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Netcoins Update


Back in September 2021, Netcoins did not have a big selection of coins. They had these coins:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • XRP

 

As of April 2022, there is more choice with this list below. You can also check out their list here.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • USDC
  • Stellar (XLM)
  • Algorand (ALGO)
  • EOS
  • Avalanche (AVAX)
  • Ethereum Classic (ETC)
  • Shiba Inu (SHIB)
  • Dogecoin (DOGE)
  • MANA
  • Polygon (MATIC)
  • Fantom (FTM)
  • CurveDao (CRV)
  • SUSHI
  • Enjin Coin (ENJ)
  • Yearn.Finance (YFI)
  • LINK (Chainlink)
  • APE

 

Notes

  1. Netcoins only provides services to Canadian residents.
  2. Although the list is much bigger, Netcoins is not the biggest crypto exchange in Canada.
  3. Netcoins have 0% funding fees, 0% cash withdrawal fees, 0.5% trade fees. Source


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Newton Crypto Exchange Update


In September 2021, Newton already had a big offering of cryptocurrencies for Canadians. Here is their updated list. Crossed out ones means that they are not longer active.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Tether (USDT)
  • Solana (SOL)
  • XRP
  • Terra (LUNA)
  • TerraUSD (UST)
  • OMG Network (OMG)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • USD Coin (USDC)
  • Uniswap (UNI)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Algorand (ALGO)
  • Polygon (MATIC)
  • Stellar Lumens (XLM)
  • DAI
  • EOS
  • AAVE
  • Fantom (FTM)
  • Axie Infinity (AXS)
  • Maker DAO (MKR)
  • Compound (COMP)
  • DASH
  • Decentraland (MANA)
  • Enjin (ENJ)
  • SUSHI
  • Synthetix (SNX)
  • Yearn.Finance (YFI)
  • Basic Attention Token (BAT)
  • Curve (CRV)
  • Ox (XRV)
  • 1INCH
  • Pax Gold (PAXG)
  • Kyber Network (KNC)
  • Balancer (BAL)
  • QCAD

 

New Coins List On Newton

  • REN
  • Amp
  • The Sandbox (SAND)
  • The Graph
  • Chiliz
  • Chromia
  • Avalanche
  • Loopring
  • Ankr
  • Gala
  • My Neighbour Alice (ALICE)
  • Harmony (ONE)
  • Cosmos (ATOM)
  • Render Token (RNDR)
  • Mask Network (MASK)
  • Quant
  • Band Protocol (BAND)
  • DASH
  • Holo
  • Apecoin (APE)

 

The selection of cryptos from Newton is very big (for Canada). Newton did remove Tether (USDT) and XRP from their offerings. Reasons are unknown for the decision.


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Wealthsimple Crypto


With Wealthsimple Crypto back in September 2021 it was only buy and sell. There is now withdrawals and deposits for crypto with more coins on the way.

The list of cryptos that are available for (withdrawals)(https://help.wealthsimple.com/hc/en-ca/articles/4415114270363-Withdraw-cryptocurrency-to-an-external-wallet) include these ones:

  • 0x
  • Aave
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Chainlink
  • Compound
  • Curve
  • Dai
  • Decentraland
  • Dogecoin
  • Enjin Coin
  • Ethereum
  • Kyber Network
  • Litecoin
  • Loopring
  • Maker
  • Polygon
  • Ren
  • SushiSwap
  • Uniswap
  • Yearn.finance

 

The same cryptos listed above are available for desposit into a Wealthsimple Crypto account from an external wallet.

Wealthsimple Crypto does not have a large selection compared to Newton. One thing to note is that Wealthsimple Crypto is one service out of many from the Wealthsimple service offerings. Wealthsimple also has Trade for stocks, Tax for filing taxes, Invest for investing. Wealthsimple Crypto could be ideal as an add-on for existing Wealthsimple users.


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Thank you for reading.

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