Choosing the best crypto exchange in Canada depends on your individual needs—whether you're a beginner looking for simplicity, an experienced trader seeking advanced tools, or an investor prioritizing security and low fees. With a growing number of platforms available, it's essential to evaluate each based on key factors like regulation, fees, coin selection, ease of use, and withdrawal options.
In this guide, we’ve carefully selected the top 10 crypto exchanges operating in Canada, focusing only on regulated, secure, and user-friendly platforms. Our analysis is based on reputation, supported cryptocurrencies, transaction costs, unique features, and real user experience.
1. Bitbuy: Best for Security and Regulation
When it comes to trust and compliance, Bitbuy stands out as one of the most reputable crypto exchanges in Canada. Fully registered with the Canadian Securities Administrators (CSA), the Ontario Securities Commission (OSC), and FINTRAC, Bitbuy offers peace of mind through strict regulatory oversight.
Security is a top priority: cold-stored assets are insured by BitGoTrust, while hot wallets are protected by Coincover. This dual-layer protection ensures your digital assets remain safe from breaches or theft.
Bitbuy supports 41 cryptocurrencies and charges a flat 2% trading fee, which may be higher than some competitors but is offset by its strong security and regulatory framework. The platform caters to all user levels:
- Express Trade: Ideal for beginners with a simple, intuitive interface.
- Pro Trade: Designed for advanced traders, featuring live order books and volume-based fee discounts.
Additional perks include:
- Staking options for 7 tokens (up to 12.26% APY)
- Over-the-Counter (OTC) desk for trades over $50,000
- Multiple deposit methods: Interac eTransfer, bank wire, crypto, debit/credit cards
Withdrawals are limited to eTransfers, bank wires, and crypto transfers—though all incur fees.
👉 Discover a secure way to start trading crypto today.
| Pros | Cons |
|---|---|
| ✅ Regulated and compliant | ❌ Higher trading fees |
| ✅ Strong security & insurance | ❌ Limited withdrawal methods |
| ✅ User-friendly for all levels | ❌ Only 41 coins available |
| ✅ Offers staking and OTC trading |
2. Coinbase: Best for All Experience Levels
Coinbase is a globally recognized exchange that serves Canadian users with a seamless onboarding experience. With nearly 200 cryptocurrencies available, plus access to an NFT marketplace and staking services, Coinbase grows with you—from beginner to pro.
Funding your account in CAD is easy via:
- Interac eTransfer
- Debit/credit card
- Crypto deposits
However, withdrawals are restricted to PayPal and crypto only, which can be limiting for those wanting direct bank transfers.
Trading fees vary:
- Basic Platform: 1.5% under $200; flat fees above that
- Advanced Trade: Tiered maker/taker fees (as low as 0.4%)
While the fee structure is complex, the Advanced Trade platform offers powerful tools at lower rates for high-volume traders.
Security-wise, Coinbase stores 98% of assets offline in cold storage with time-delayed vaults and multi-signature approvals. Customer funds are also insured and legally segregated in case of insolvency.
Coinbase also offers Coinbase Wallet, a non-custodial solution giving users full control over their private keys—ideal for long-term holders concerned about self-custody.
| Pros | Cons |
|---|---|
| ✅ Huge coin selection (~200) | ❌ High fees on basic platform |
| ✅ Beginner-friendly interface | ❌ Limited withdrawal options |
| ✅ Staking and NFT marketplace | ❌ No direct bank withdrawals |
| ✅ Advanced tools available | ❌ Opaque pricing structure |
3. Wealthsimple Trade: Best All-in-One Investment Platform
If you want to manage stocks, ETFs, and crypto in one place, Wealthsimple Trade is unmatched. Known for its robo-advisory roots, Wealthsimple has evolved into a full-service investment app trusted by thousands of Canadians.
The platform supports 69 cryptocurrencies, including major players like Bitcoin, Ethereum, and Solana. Trading fees are tiered based on total portfolio value:
- Under $100K: 2%
- $100K–$500K: 1%
- Over $500K: 0.5%
Deposits are free using:
- Interac eTransfer
- Bank linking
- Wire transfer
- Crypto deposits
Many funding methods allow instant transfers up to $8,250. Withdrawals via eTransfer or linked bank accounts are also free.
Your crypto is securely held by Gemini Trust Company LLC, a regulated custodian with $200 million in cold storage insurance.
While Wealthsimple lacks advanced charting tools and direct trading between coins, its simplicity makes it perfect for passive investors.
| Pros | Cons |
|---|---|
| ✅ Invest in stocks, ETFs & crypto | ❌ No advanced trading features |
| ✅ Free deposits & withdrawals | ❌ Only 69 coins |
| ✅ Instant funding up to $8,250 | ❌ Basic interface |
| ✅ Regulated custody via Gemini | ❌ Higher fees for small accounts |
4. Kraken: Best for Secure Global Access
Launched in 2013, Kraken is one of the oldest and most trusted exchanges worldwide—and accessible to Canadians. With no history of major hacks, Kraken emphasizes security through:
- 95% cold storage
- Encrypted data
- Armed-guard server facilities
- Regular penetration testing
It offers over 200 cryptocurrencies and supports six fiat currencies, including CAD. Deposit options include eTransfer, wire transfer, and select cards.
Trading fees are competitive:
- Kraken Pro: 0–0.26% (volume-based)
- Basic Platform: 1.5–6.5%
Kraken Pro provides advanced tools like margin trading, staking, and an NFT marketplace—ideal for experienced users.
👉 Start trading with one of the world’s most secure platforms.
| Pros | Cons |
|---|---|
| ✅ High security & global access | ❌ Not beginner-friendly |
| ✅ Over 200 coins available | ❌ Only one free deposit method |
| ✅ Low fees on Pro platform | ❌ No free withdrawals |
| ✅ Margin, staking & NFTs |
5. NDAX: Best for Low Fees
The National Digital Asset Exchange (NDAX) charges just 0.2% per trade—one of the lowest rates in Canada. With 32 supported cryptocurrencies and 24/7 customer support via phone, chat, or email, NDAX balances affordability with accessibility.
Free deposit methods include eTransfer, wire transfer, and crypto. Withdrawals cost $4.99 via EFT or are free via crypto.
The platform offers two dashboards:
- Basic: Quick Buy/Sell for beginners
- Advanced: Live order books and customizable charts
Assets are secured through Ledger Vault, ensuring cold storage protection.
| Pros | Cons |
|---|---|
| ✅ Ultra-low 0.2% trading fee | ❌ Only 32 coins |
| ✅ Free deposits | ❌ Limited withdrawal options |
| ✅ Great customer service | ❌ EFT withdrawal fee |
| ✅ Beginner-friendly + advanced tools |
6. VirgoCX: Best for Large Trades
For high-value investors, VirgoCX excels with its OTC desk for trades over $30,000. Partnering with major Canadian financial institutions, it offers:
- Instant settlement
- Lower spreads (0.5%–2.5%)
- High liquidity
- Enhanced privacy
With 70 coins—including popular metaverse and NFT tokens—and free deposits via eTransfer, wire transfer, or bill payment, VirgoCX appeals to sophisticated traders.
Rewards programs let users earn points redeemable for spread discounts and event tickets—even without active trading.
| Pros | Cons |
|---|---|
| ✅ Ideal for large-volume trades | ❌ Higher spreads on some coins |
| ✅ Free deposit methods | ❌ Limited trading tools |
| ✅ Supports USD & staking | ❌ Best suited for experienced users |
7. Shakepay: Best for Earning Free Bitcoin
Perfect for beginners, Shakepay simplifies entry into crypto by supporting only Bitcoin (BTC) and Ethereum (ETH). There are no trading fees—instead, Shakepay applies a small spread on buy/sell prices.
Its standout feature? Earn free satoshis (SATS) daily by opening and shaking your phone in the app—a fun way to accumulate crypto over time.
Funding is instant via eTransfer; withdrawals go through eTransfer or crypto off-ramping.
| Pros | Cons |
|---|---|
| ✅ Earn free Bitcoin daily | ❌ Only BTC & ETH available |
| ✅ Zero trading fees | ❌ No trading or swapping between coins |
| ✅ Super simple interface | ❌ Not suitable for pros |
8. Newton: Best for Low Spreads
Newton differentiates itself by charging low spreads instead of fixed fees—reported between 0.5%–1%—though exact figures aren’t publicly disclosed.
With over 70 coins, staking, OTC desk access, and coverage of up to $5 in blockchain fees, Newton offers great value. Data is stored entirely in Canada, enhancing privacy.
Free deposits via eTransfer, wire, and crypto; withdrawals vary by method.
9. Netcoins: Best for Flat Fee Structure
Netcoins offers a straightforward 0.5% flat fee across all trades—ideal for budget-conscious traders who want predictable costs.
With 37 popular coins and support for CAD/USD, it’s beginner-friendly with one-click trades. It also offers a Prepaid Mastercard that gives 1% cashback in Bitcoin on every purchase.
Free deposits (except small wire transfers); withdrawal fees vary by method.
10. Crypto.com: Best for Global Features & Low Fees
Though global, Crypto.com serves Canadians well with over 250 cryptocurrencies, low fees (0.00–0.075%), and support for 20+ fiat currencies.
It also offers reward-earning crypto cards and a versatile app suitable for all skill levels.
Key Factors When Choosing a Canadian Crypto Exchange
🔹 Location Availability
Not all platforms support every province—e.g., Binance isn't available in Ontario.
🔹 Fees
Watch out for hidden spreads and withdrawal charges that erode profits.
🔹 Coin Selection & Accessibility
Ensure your preferred coins are listed and easy to buy/sell.
🔹 Security & Regulation
Prioritize exchanges registered with FINTRAC or provincial securities regulators.
🔹 Custody Options
Can you withdraw to your own wallet? Prefer non-custodial control?
👉 See how top traders manage their portfolios securely online.
Frequently Asked Questions (FAQ)
Q: Are crypto exchanges in Canada safe?
A: Most reputable platforms are regulated by FINTRAC or provincial authorities and offer insurance-backed custody solutions like BitGo or Gemini.
Q: Do I need to pay taxes on crypto trades in Canada?
A: Yes. The CRA treats cryptocurrency as property. Capital gains tax applies when you sell or trade crypto for profit.
Q: Can I use Interac eTransfer to buy crypto?
A: Yes—most top Canadian exchanges including Bitbuy, Wealthsimple, and Newton accept Interac eTransfers for instant deposits.
Q: Which exchange has the lowest fees?
A: NDAX offers the lowest flat rate at 0.2%, while Newton boasts some of the tightest spreads (around 0.5%).
Q: Can I stake crypto in Canada?
A: Yes—platforms like Bitbuy, Coinbase, Kraken, and Wealthsimple offer staking with rewards up to 12% APY.
Q: Is it better to use a custodial or non-custodial exchange?
A: Custodial platforms (like Wealthsimple) are easier for beginners; non-custodial options (like Coinbase Wallet) give full control but require more responsibility.
Final Thoughts
The best crypto exchange in Canada depends on your goals: security (Bitbuy), variety (Crypto.com), low cost (NDAX), or simplicity (Shakepay). Always prioritize regulation, security, and transparency—and consider starting small before scaling up your investments.
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