If you’re a Canadian looking to invest in crypto but unsure which exchange to trust, you’re not alone. With so many platforms claiming to offer low fees, top security, and easy trading, choosing the right one can feel overwhelming. But what is the best crypto exchange Canada?
Whether you’re just starting with crypto trading or branching out into forex trading, choosing a trustworthy exchange is still essential to safeguard your money and maximize your profits. But not all exchanges are the same. Some have lower fees, while others offer more cryptocurrencies, better security, or easier forex trading. The best platform for you depends on what matters most; you probably ask if it’s user-friendly, does it support advanced trading tools, or is it secure.
To make things easier, we’ve put together a list of the top seven crypto exchanges in Canada. These platforms stand out for their safety, low costs, and overall trading experience. Keep reading to find the best exchange for your needs!
7 Best Crypto Exchange Canada
Here are seven of the best crypto exchange platforms in Canada, each offering unique benefits. Let’s take a closer look at each one to help you make the best choice.
- Bitget
- Crypto.com
- Coinbase
- Kraken
- Bitbuy
- ShakePay
- Uniswap
1. Bitget
If you are searching for an extensive range of cryptocurrencies and advanced trading features, Bitget is here to deliver. As one of the best crypto exchanges in Canada, it supports over 700 digital currencies and offers competitive fees, making it a favorite among experienced traders.
Bitget is great for experienced traders seeking low fees and advanced features. Its easy-to-use interface and mobile app make it beginner-friendly, too. However, it doesn’t offer direct CAD deposits and lacks Canadian regulatory approval.
With high-leverage futures trading and options for passive income through staking and yield farming, Bitget offers plenty of opportunities for risk-takers. But, users have faced withdrawal issues, and customer support could improve. Does that impact your decision? If so, you might want to consider other exchanges in Canada.
2. Crypto.com
If you’re looking for a user-friendly platform with a wide range of features, Crypto.com is a considerable choice. Popular among Canadians, it supports over 350 cryptocurrencies and even offers a crypto Visa card, making it perfect for both beginners and experienced traders.
While Crypto.com might be a solid option for Canadian traders, like any platform, it has a few things to work on. Some users have experienced problems with withdrawing funds and occasional app glitches. But here’s the good part: Crypto.com is working hard to improve. It’s the first global exchange to sign an agreement with the Ontario Securities Commission (OSC), which means it’s following Canadian rules and regulations.
So, while there might be some bumps along the way, Crypto.com offers a wide range of features and an easy-to-use app.
3. Coinbase
Secure trading is what matters to most investors, not just in Canada, but everywhere. If that is your priority then Coinbase has you covered!
It’s one of the best Canada crypto exchanges, a reliable platform that’s fully regulated, so you can trade with peace of mind. The user-friendly interface makes it easy for beginners to navigate, and there’s a solid variety of cryptocurrencies to choose from.
That being said, Coinbase does have a few downsides. The fees can be higher than other exchanges, and it lacks some of the more advanced features that experienced traders might want. But if you’re after simplicity, security, and easy CAD deposits through Interac e-Transfer, Coinbase is a great option to consider!
4. Kraken
Choosing the right crypto exchange in Canada requires a lot of research, and while doing that, there’s no way you haven’t come across this platform. Kraken is known as one of the safest crypto exchanges in Canada, offering a robust security framework and support for over 200 cryptocurrencies.
Kraken is a great choice for traders who value security. It offers strong protection for user assets and has competitive fees, with maker fees starting at just 0.25%. It also supports CAD trading pairs, making it easier for Canadian users to trade. However, the platform can feel a bit complicated, especially for beginners, and it lacks some of the advanced features that other exchanges might offer.
Even though Kraken might not be the best for newcomers, it’s a trusted platform with a strong focus on security. It’s a solid option for experienced traders who want a safe and reliable exchange to trade cryptocurrencies.
5. Bitbuy
Let’s talk about the next exchange platform in Canada. Bitbuy is a popular Canadian exchange known for its simplicity and ease of use. It supports a smaller selection of cryptocurrencies but is fully compliant with Canadian regulations.
As mentioned earlier, Bitbuy is a great option for Canadian beginners who want a simple platform and a secure trading environment. It is fully registered with FINTRAC and the OSC, ensuring safety. The platform allows CAD deposits and withdrawals, making it easy for Canadians. Its user-friendly interface is ideal for those new to crypto trading. But that is just the good part.
Bitbuy does have some downsides as well. It offers fewer cryptocurrencies compared to larger exchanges and has higher fees than some competitors. While it may not be ideal for experienced traders looking for a wide range of coins or lower fees, Bitbuy remains a trusted and secure platform, making it an excellent option for those prioritizing simplicity and regulatory compliance in Canada.
6. ShakePay
Are you new to crypto and looking for an easy way to get started? Shakepay is one of the best crypto exchange for Canada, known for its simplicity and beginner-friendly design. It mainly supports Bitcoin and Ethereum, offering an easy way to buy and sell these well-known cryptocurrencies.
Shakepay also supports CAD deposits via Interac e-Transfer and bank transfers, making it convenient for Canadians. The rewards program, where users can earn Bitcoin by referring friends, adds further value to the platform.
Moreover, Shakepay has a few limitations, like offering only a small selection of coins and not having advanced trading tools, which could be risky and not ideal for more experienced traders. As with any crypto platform, it’s important to be aware of the risks, especially when using one with fewer features or coins to trade. So, you need to take care of your risk intelligence and respond to it effectively.
7. Uniswap
A decentralized exchange (DEX) on the Ethereum blockchain, Uniswap lets users trade thousands of tokens directly with each other, without the need for middlemen, offering a unique trading experience. But there is more about this.
Uniswap offers a wide selection of Ethereum-based tokens and charges a flat 0.3% trading fee, which is ideal for those seeking low-cost trading options. However, its complexity can be a challenge for beginners, and the lack of CAD support for deposits or withdrawals may be limiting for Canadian users.
Despite these limitations, Uniswap’s decentralized model offers a unique trading experience, allowing users to interact directly with smart contracts. For those comfortable with the platform, it’s an excellent choice for decentralized finance (DeFi) and Ethereum-based tokens.
How to Choose the Best Crypto Exchange for Canada?
Now that we’ve discussed the best platforms for crypto, choosing the best crypto exchange in Canada requires considering a few key signs to ensure a secure, compliant, and user-friendly trading experience. Here are some important points to keep in mind:
- Regulatory Compliance: Make sure the exchange is registered with Canadian regulators like FINTRAC and the Ontario Securities Commission (OSC). Being compliant with local rules helps ensure a safe and legal trading environment. Exchanges like Bitbuy and Coinbase are well-regulated in Canada.
- Security Measures: Pick exchanges that offer strong security, like two-factor authentication, cold storage, and insurance coverage. Kraken and Coinbase are known for keeping your funds safe with these features.
- Transaction Fees: Check the trading fees on different exchanges. Lower fees can help you keep more of your profits, especially if you trade often. Bitget offers competitive fees with a simple 0.1% fee for both makers and takers, making it one of the best crypto exchanges for Canada.
- Supported Cryptocurrencies: Look at the variety of cryptocurrencies the exchange supports. If you’re interested in trading altcoins, platforms like Bitget and Kraken offer over 200 different cryptocurrencies, making them some of the best crypto exchange apps in Canada.
- User Experience: Choose an exchange with an easy-to-use interface. Look for platforms that are designed to be user-friendly, making them ideal for beginners.
- Funding Options: Make sure the exchange supports convenient CAD deposit and withdrawal methods, like Interac e-Transfer. Look for platforms that offer seamless CAD transactions for a smoother experience.
- Customer Support: When picking an exchange, it’s important to go for one with responsive customer support. Opt for platforms that are known for providing reliable service to assist you whenever needed.
The last thing to keep in mind is that when you aim to trade in the Canadian crypto market, choosing a trusted broker is even more important than your chosen exchange platform. Brokers are great for ease of use and simplicity, while exchanges offer more control and potentially better prices, but require more knowledge and effort. If you seek simplicity along with clear fees, let’s get to the right solution then!
ITBFX has a solution for that problem. Have you heard anything about ITB or in other words, International Trading Brachium? With 20+ years of experience in global financial markets, ITBFX is fully registered under SVG and MWALI regulations, serving thousands of traders worldwide.
What ITBFX Has to offer?
Curious about what they have to offer and why you should trust ITBFX? Let’s take a look at what they provide.
- Fully Licensed & Regulated
- Quick & Easy Deposits & Withdrawals
- Zero Commission on Trades
- Low Spreads, High Profits
- Trade Crypto, Forex, Metals & More
- Special Rewards for IBs
ITBFX makes trading easier and more rewarding. They don’t charge fees for deposits or withdrawals, and our low spreads help you maximize profits. You can choose from two account types:
- Nano account – Start with just $1
- ECN & Standard accounts – Start with $100
ITBFX guarantees no slippage or price manipulation, so your trades are always fair. If you open an ECN account, you get 4 days of Free Swap trading. Want to improve your skills? Our trading academy teaches beginners and advanced traders. ITBFX operates under SVG and Mwali regulations for your safety. Plus, if your account is liquidated, you can request a reset from our support team. Start now!
Conclusion
Right now, you know about the best crypto exchanges in Canada to invest your money and maximize your profits quickly. While all the exchanges mentioned are worth checking out, what matters most is your priorities, knowing which one suits you best. Keep in mind to check the regulation of each platform; if they are not confirmed by Canadian regulatory authorities, the risk of losing your money increases. Want to learn more about crypto exchanges? Make sure to follow us on X for more updates!
Yes, trading crypto is legal in Canada. However, make sure to use a platform that follows Canadian regulations to keep your money safe.
Yes, you do. If you make money from crypto (like selling it for more than you bought it), you may have to pay taxes. It’s best to keep track of your transactions.
Yes! Many exchanges in Canada let you buy crypto using CAD through bank transfers or Interac e-Transfer. Some platforms even offer direct CAD deposits.
If you’re new to crypto, platforms like Bitbuy, Shakepay, or Coinbase are great choices. They are easy to use and let you buy and sell crypto without confusion.
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