Looking to enter the cryptocurrency market? Choosing the right exchange platform is crucial. This guide highlights the top crypto exchanges in Canada, detailing their features, fees, and key considerations for both beginners and seasoned traders.
Overview of Best Crypto Exchanges in Canada
Here’s a quick comparison of Canada’s leading crypto exchanges:
| Exchange | Supported Coins | Minimum Investment | Sign-up Bonus |
|---|---|---|---|
| Bitbuy | 53 | $50 | $5 |
| Wealthsimple Crypto | 60+ | None | $25 |
| Newton | 70+ | None | $25 |
| NDAX | 32+ | None | $25 |
| Shakepay | 2 | $5 | $5 |
| Netcoins | 30+ | $10 | $25 |
| Coinberry | 35+ | $50 | $50 |
| CoinSmart | 16 | $100 | $20 |
| Coinsquare | 40+ | $20 | N/A |
| MogoCrypto | 1 | None | $10 |
| Binance | 600+ | $10 | Up to $100 |
| Crypto.com | 250+ | $1 | $25 |
| Coinbase | 100+ | $25 | €10 |
| Kraken | 65+ | $10 | N/A |
Table includes domestic and foreign exchanges available to Canadians.
Top Canadian Crypto Exchanges
1. Bitbuy
- Founded: 2016
- Coins: 53
- Fees: 0%-1.5% trading, 1.50% withdrawal
- Bonus: $20 on $250 deposit
- Regulator: FINTRAC
👉 Bitbuy offers a secure platform with low spreads. Ideal for traders seeking CAD-based transactions.
Key Features:
- Over $4 billion traded.
- Instant account approval.
2. Wealthsimple Crypto
- Founded: 2020
- Coins: 60+
- Fees: No deposit/withdrawal/trading fees (1.50% spread).
- Bonus: $25 on $150 deposit.
Best for beginners with its user-friendly interface and no minimum investment.
3. Newton
- Founded: 2018
- Coins: 70+
- Fees: Free deposits/withdrawals (0.70% spread).
- Bonus: $25 on $100 trade.
Top choice for altcoin traders due to zero fees and extensive coin selection.
Best Foreign Exchanges for Canadians
11. Binance
- Founded: 2017
- Coins: 600+
- Fees: 0.1% trading.
- Bonus: Up to $100.
👉 Binance is the world’s largest exchange, offering advanced tools and staking options.
12. Crypto.com
- Founded: 2016
- Coins: 250+
- Bonus: $25 USD.
Notable Features:
- Crypto-backed Visa card.
- 750M USD insurance.
How to Choose a Crypto Exchange
Consider:
- Fees (trading, withdrawal).
- Supported coins and currencies (CAD/USD).
- Security (regulation, cold storage).
- Tools (staking, margin trading).
FAQs
Is crypto legal in Canada?
Yes, but it’s not legal tender.
Can the CRA track crypto?
Yes—report capital gains annually.
Safest exchange?
Coinberry (FINTRAC/OSC regulated).
Final Thoughts
Canada offers diverse exchanges catering to all levels. For beginners, Newton or Wealthsimple Crypto are excellent starts. Advanced traders may prefer Bitbuy or Binance.
👉 Explore more crypto tools to enhance your trading strategy!
Further Reading: