Discover the top 9 cryptocurrency exchanges in Canada, tailored to your needs. We evaluate based on user experience, fees, and customer support, helping you find the ideal platform for buying and trading crypto. Read on to make an informed choice!
What are Canada’s top crypto exchanges?
| Exchange | Why choose this exchange? | Cryptocurrencies available | Fees |
| Bitbuy | Best for beginner investors | 50+ | 0.5 – 1.85% (can be up to 3.85% in some cases) |
| Coinsmart | Best for quick deposits | 15+ | 0.2 – 0.3% |
| Coinbase | Best for Learn and Earn | 200+ | 0.05 – 0.60% |
| BTCC | Best for advanced traders | 300+ | 0.3 – 0.4% |
| Wealthsmart | Best for robo-advised portfolios | 60+ | 0.5 – 2% |
| NDAX | Best for low fees | 15+ | 0.2% flat fee |
| Crypto.com | Best for cryptocurrency prepaid cards | 350+ | Varying fees based on how much CRO is staked |
| Newton | Best for user experience | 40+ | 0% (varying spreads on crypto trades) |
| Swapzone | Best for OTC trades | 60+ | 0% (varying spreads on crypto trades) |
BTCC
BTCC stands out as a premier cryptocurrency trading platform, seamlessly integrating cutting-edge features with user-friendly design. Catering to a wide range of users, from newcomers to experts, it offers robust security measures, round-the-clock customer support, and comprehensive educational resources via the BTCC Academy. By prioritizing user satisfaction, BTCC fosters a welcoming environment for safe and informed trading in multiple cryptocurrencies, making it a top choice for digital asset investors seeking a reliable and educational trading experience.
- Futures Trading: BTCC specializes in providing futures trading services. On BTCC, you can trade two types of crypto futures: USDT-margined futures, settled in USDT, and Coin-margined futures, settled in cryptocurrencies. The exchange currently offers perpetual futures trading on over 60 trending coins, including BTC, ETH, DOGE, XRP, SOL, and many more.
- Tokenized Futures: In 2022, BTCC introduced commodity and stock tokenized futures. This allows users to diversify their portfolios beyond cryptocurrencies by investing in other financial instruments. All tokenized futures on the platform are settled in USDT.
Newton
Newton stands out as the best crypto exchange in Canada for its low fees. With over 70 cryptocurrencies available on its intuitive platform, Newton catches the eye of crypto enthusiasts. What’s more, it boasts commission-free trading and competitive spreads, further solidifying its position as a top choice for Canadian crypto traders.
- Pros
- Extensive selection of cryptocurrencies
- No commission fees
- User-friendly interface
- Cons
- Limited features for advanced traders
- May not be suitable for high-frequency trading
CoinSmart: The Best Crypto Exchange in Canada
Looking for the top crypto exchanges in Canada? Check out CoinSmart! Since its launch in 2018, this Canadian exchange has been a hit among new investors. With a user-friendly interface and quick account setup, it’s perfect for crypto beginners!
- Beginner-friendly: CoinSmart stands out as an excellent choice for novice investors in the cryptocurrency market.
- Robust Security: With two-factor authentication and cold storage for crypto assets, CoinSmart ensures the safety of customer funds, offering protection against potential security breaches.
- Competitive Fees: CoinSmart charges reasonably low fees, typically ranging between 0.2% to 0.3% for most transactions.
- Limited Cryptocurrency Selection: However, CoinSmart’s cryptocurrency options are somewhat limited, offering only 15+ digital currencies.
- Debit/Credit Card Fees: It’s worth noting that funding via debit or credit card incurs additional fees, which can go up to 6%.
NDAX
NDAX, a top crypto exchange in Canada, emphasizes asset safety. Most funds are securely stored offline and backed by several insurance policies. Registered with FINTRAC, it provides access to a variety of leading cryptocurrencies for seamless trading, ensuring both convenience and peace of mind for users.
- Strong asset safety measures
- Multiple insurance policies
- Wide selection of cryptocurrencies
- Cons: Limited advanced trading features
- Some users may find UI less intuitive
Top Canadian Decentralized Crypto Exchanges: Which Are The Best?
Many investors prefer decentralized exchanges over centralized ones, as the latter are owned by entities with the ability to censor transactions and ban users. Decentralized platforms enable users to contribute their own liquidity and own governance tokens, which appreciate in value as the exchange expands. This model provides an alternative to conventional exchanges, offering more autonomy and potential for growth. Here are some renowned decentralized exchanges, chosen by investors seeking uncensored transactions and greater control over their investments.
- Uniswap, Curve, 1inch – Best decentralized crypto exchanges in Canada
Decentralized exchanges typically don’t offer customer support or the ability to buy cryptocurrencies with fiat currency, which is an important distinction to note. This differs from centralized platforms, highlighting the unique characteristics of decentralized exchanges in the crypto market.
Which Canadian Crypto Exchange Stands Out as the Best?
With over 400,000 Canadian users, Bitbuy stands out as the top cryptocurrency exchange in Canada. Based in Toronto, this platform boasts a seamless process for buying and selling crypto using CAD directly from your Canadian bank account. Registered with the Ontario Securities Commission, Bitbuy ensures secure trading, evident in the over six billion dollars worth of transactions it has handled, making it a trusted choice among crypto investors.
How to Select the Best Cryptocurrency Exchange in Canada?
Choosing a cryptocurrency exchange in Canada involves weighing several factors. Your ideal exchange depends on your specific needs and preferences. Before diving into the crypto market, consider what you seek in an exchange. From security to transaction fees, each aspect is crucial in finding the perfect platform for your trading journey.
- Fees: If you’re a frequent trader, consider starting with an exchange offering low fees.
- User Interface: Decide on the type of exchange you seek. Some are beginner-friendly, while others offer advanced features.
- Reputation: The cryptocurrency world has many scams. Before choosing an exchange, verify its reputation on third-party review sites.
