No, InShot is primarily a mobile app (iOS & Android). Canva, however, works on both desktop and mobile, making it more versatile for designer.
InShot Free leave a watermark; you need the Pro version ($3.99/month) to remove it.
Canva Free also add a tiny watermark on some exports, but Pro user get watermark-free downloads.
Canva—it has pre-sized YouTube thumbnail template, better fonts, and advanced graphic tool. InShot’s text/design option are limited for thumbnail.
InShot Pro allow 1080p & 4K export (free version caps at 720p).
Canva’s video exports max out at 1080p, even for Pro user.
InShot is great for quick social media edits but lack pro feature like multi-track editing.
Canva Pro is used by businesses for branding, ads, and presentations but isn’t a replacement for tools like Photoshop or Premiere Pro.
Although both tool are excellent, your decision will depend on the majority of your work. Check out both of the free version to see which one work best for you!