Choosing the best crypto exchange in Canada requires careful evaluation of security, fees, and usability. As an experienced crypto investor, I’ve curated this list based on extensive research and firsthand testing to help you navigate the Canadian market confidently.
Why Trust Our Recommendations?
- Experience: Actively investing in crypto since 2013, with accounts on 10+ exchanges.
- Unbiased Picks: Evaluated via security audits, user reviews, and expert opinions.
- 100+ Hours of Research: Regular updates to reflect industry changes.
Top Canadian Crypto Exchanges
1. CoinSmart – Best Overall ($50 Bonus)
Key Features:
✅ Lowest trading fees (0.2%)
✅ OSC-registered & 95% cold storage policy
✅ Instant account verification & 24/7 support
✅ Supports 16 cryptocurrencies
Fees:
- Trading: 0.2%
- Deposits/Withdrawals: 0% (Interac), 1% (wire transfer)
👉 $50 Bonus with code YOREOYSTER
Best For: Low-cost, secure trading for beginners and pros.
2. Bitbuy – Best for Advanced Traders ($50 Bonus)
Key Features:
✅ 0.1%–1.5% trading fees
✅ $4B+ trading volume & OSC-registered
✅ Free Interac deposits/withdrawals
Fees:
- Trading: 0.1% (Pro), 0.2% (Express)
- Wire withdrawals: 1%
Best For: High liquidity and professional tools.
3. VirgoCX – Best Altcoin Selection
Key Features:
✅ 50+ cryptocurrencies
✅ No fiat deposit/withdrawal fees
✅ 95% cold storage
Fees:
- Spread: ~1%
- $30 bonus for $100+ deposits
Best For: Diversified altcoin portfolios.
4. Crypto.com – Global Platform
Key Features:
✅ 100+ coins & staking rewards
✅ Futures/options trading
✅ 10x leverage
Fees: 0.4% trading fee
Best For: Altcoin traders and derivatives.
5. Newton – Zero Trading Fees
Key Features:
✅ 75+ cryptocurrencies
✅ No trading fees (0.2%–0.7% spread)
✅ Free deposits/withdrawals
Bonus: $25 signup credit
Best For: Cost-conscious altcoin traders.
Key Comparison Table
| Exchange | Fees (Trading) | Coins Supported | Security | Bonus |
|---|---|---|---|---|
| CoinSmart | 0.2% | 16 | OSC-reg. | $50 |
| Bitbuy | 0.1%–1.5% | 25+ | FINTRAC | $50 |
| VirgoCX | ~1% spread | 50+ | 95% cold | $30 |
FAQs
🔍 How to Buy Crypto in Canada Safely?
Use regulated exchanges like CoinSmart or Bitbuy with cold storage and low fees.
💰 Cheapest Exchange?
Bitbuy (0.1% fees) and CoinSmart (0.2%) offer the lowest costs.
🛡️ Most Secure Wallet?
CoinSmart’s insured cold storage outperforms most hardware wallets.
🚨 Avoid These Exchanges:
- Wealthsimple: High spreads (~2%).
- Shakepay: 3% spreads.
- LocalBitcoins: Scam risks.
👉 Pro Tip: Always enable 2FA and withdraw to private wallets for added security. Learn more about cold storage.
Final Thoughts
CoinSmart remains Canada’s top pick for its balance of affordability, security, and ease of use. Whether you’re buying Bitcoin or trading altcoins, prioritize platforms with strong regulation and transparent fees.
Ready to start? Claim your $50 bonus today and trade with confidence!
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