In this article I will examine the Best Crypto Exchanges for traders and investors today. Selecting the appropriate platform for protection, costs, and available cryptocurrencies is critical.
Having considered the professional and novice sides, it is clear that knowing the reliable, easy-to-use exchanges that have strong regulatory compliance will help users. Covering as much ground as possible in the fast-evolving crypto market is very crucial.
Key Poinst & Best Crypto Exchanges In Canada List
Bitbuy: FINTRAC-registered Canadian exchange with low trading fees and strong security features.
Wealthsimple Crypto: Beginner-friendly platform integrated with Wealthsimple app; no wallet withdrawals.
Kraken: Global exchange with advanced trading tools, staking, and high liquidity.
NDAX: Canadian-based exchange offering flat $1 CAD trading fee per trade, supports 30+ cryptos.
VirgoCX: Zero deposit/withdrawal fees, user-friendly for both beginners and experienced traders.
CoinSmart: Publicly traded Canadian exchange with fast verification and same-day funding.
Coinbase: Popular global exchange with simple UI, high liquidity, but relatively higher fees.
Crypto.com Canada: Known for Visa crypto card, large coin selection, and strong mobile app experience.
Netcoins: FINTRAC-regulated, offers zero trading fees, and simple CAD funding options.
Coinberry: Canadian exchange registered with FINTRAC, supports commission-free trading.
10 Best Crypto Exchanges In Canada
1. Bitbuy
Established in 2016 and located in Toronto, Bitbuy takes pride in being one of the Best Crypto Exchanges in Canada, and is the most sought-after because of the unique features and compliance to regulatory measures.
Bitbuy is registered with FINTRAC and accepts Interac e-Transfer and Wire transfers. Bitbuy is unique in that is designed for use for both novices and advanced traders and offers a Pro Trade option as well.
In addition to Bitcoin and Ethereum, Bitbuy also supports over 25 other popular crypto currencies such as Litecoin. 0.1% to 0.2% in trading fees are charged and is considered low compared to other exchanges.
Promotions such as user-centric funding and sign-up bonuses are compliments Bitbuy’s user-friendly experience, earning it the title of Best Crypto Exchanges in Canada for the Traverse and Protection features.
| Pros | Cons |
|---|---|
| FINTRAC-regulated and highly secure | Limited number of cryptocurrencies compared to global platforms |
| Supports CAD deposits via Interac e-Transfer and bank wires | No advanced features like futures trading |
| Transparent trading fees (0.1%–0.2%) | Mainly focused on Canadian users |
| Strong reputation since 2016 | Fewer sign-up promotions than competitors |
2. Wealthsimple Crypto
Launched in 2020, Wealthsimple Crypto is part of the Wealthsimple family of products, making it a popular choice among Canadians.
It is ranked among the Best Crypto Exchanges in Canada for its ease of buying and selling 50+ cryptocurrencies. Unlike global competitors, Wealthsimple Crypto is for Canadian residents only.
It only supports local bank and Interac e-Transfer funding and Canadian accounts. Wealthsimple Crypto charges and incorporates trading spreads of 1.5%-2% and is thus more expensive than dedicated crypto platforms.
It is a Canadian crypto asset dealer and is well-rated for ease of use but doesn’t permit crypto withdrawals to external wallets.
Due to its fun beginner-friendly trading features and crypto promotions, it is regularly listed as one of the Best Crypto Exchanges in Canada for new traders.
| Pros | Cons |
|---|---|
| Integrated with Wealthsimple app, beginner-friendly | Higher trading fees (1.5%–2% spreads) |
| Regulated and designed for Canadian investors | No crypto withdrawals to external wallets |
| Easy CAD funding via bank transfer/Interac | Limited features beyond basic trading |
| Great for first-time users | Smaller crypto selection vs. global exchanges |
3. Kraken
With its headquarters in San Francisco, Kraken is one of the oldest crypto exchange platforms and came in operation in 2011.
Kraken is one of the oldest, if not the oldest, crypto exchange platforms that has worked all over the world, Kraken is one of the Best Crypto Exchanges in Canada.
Kraken has advanced features like margin trading, futures, staking, and the Kraken’s exchange lets users trade in over 200 cryptocurrencies.
Kraken’s fees and charges for trading are competitive and start at 0.16% for maker orders and 0.26% for taker orders.
Kraken is accessible throughout 190 countries and has the largest support for Canadian users. Support for Canadian Kraken users is available in the form of CAD via Interac e-Transfer and wire transfer.
As one of the Best Crypto Exchanges in Canada Kraken’s trading plans is competitive due to regulatory supervision and available funding.
Kraken has strong security features with high score ratings, proof of reserve audits, and liquidity features.
Kraken has strong funding options, competitive trading plans, and regulatory supervision, and is one of the Best Crypto Exchanges in Canada.
| Pros | Cons |
|---|---|
| Established in 2011, strong global reputation | Interface may overwhelm beginners |
| Supports 200+ cryptocurrencies and staking | Fees higher for small trades compared to some Canadian exchanges |
| Competitive trading fees (0.16%–0.26%) | CAD deposits sometimes slower |
| High liquidity and security with proof-of-reserves | Not fully Canadian-focused |
4. NDAX
Founded in Calgary in 2018, NDAX is also among the Best Crypto Exchanges in Canada thanks to a flat trading fee of 0.2% for all transactions.
NDAX meets Canadians’ needs by providing support for Interac e-Transfer, bank wires, and direct bank deposits, allowing users to fund their accounts with ease.
The exchange is highly rated for its simplicity, reliability, and compliance features and is registered with FINTRAC.
Users also benefit from features like institutional-grade custody. While its services are designed for Canadians, the platform NDAX has built is international in design.
As a sign-up bonus, new users can take advantage of referral rewards. NDAX deserves its spot among the Best Crypto Exchanges in Canada for its competitive and growing crypto selection, transparent fees, and excellent local support.
| Pros | Cons |
|---|---|
| Flat 0.2% trading fee for all trades | Limited crypto list (around 30+) |
| Strong local support with Interac funding | No futures or margin trading |
| FINTRAC-registered and Canadian-focused | Referral bonuses smaller than competitors |
| Institutional-grade custody | Focused only on Canadian users |
5. VirgoCX
VirgoCX started in Toronto in 2018 and is one of the most affordable crypto exchanges in Canada. VirgoCX also supports 70 cryptocurrencies while maintaining zero deposit or withdrawal fees.
Canadians may use Interac e-Transfer, bank transfer, or wire transfer to fund their accounts. VirgoCX strives to make crypto trading accessible to all, which is why fees start from 0.2%. VirgoCX also facilitates OTC trading and has expanded internationally.
VirgoCX is registered with FINTRAC and has received many positive customer reviews for its customer services and transparency.
VirgoCX sometimes has sign-up offers or a referral bonus. With local advocates and global-level tools, VirgoCX is undoubtedly one of the best crypto exchanges in Canada.
| Pros | Cons |
|---|---|
| Zero deposit and withdrawal fees | Trading fee (0.2%) slightly higher than some rivals |
| Supports 70+ cryptocurrencies | Customer support can be slow at peak times |
| FINTRAC-registered and secure | Limited global expansion |
| Offers OTC desk for large trades | Not as well-known as Kraken or Coinbase |
6. CoinSmart
Founded in 2018 and located in Toronto CoinSmart is very transparent as the first public crypto exchange in Canada.
CoinSmart has 15 different crypto currencies with samed day deposits and withdrawals through Interac e-Transfer and bank wire.
CoinSmart has a trade fee starting at 0.20% which is comparatively low and has some of the fastest customer support. CoinSmart has proven to be trusted as well as reliable as it is regulated under FINTRAC.
There is also a referral program which makes the platform more attractive. Its combination of exceptional customer service and e-Transfer payments makes it the go to exchange even for those who want to trade in bitcoin for the first time. CoinSmart has also proven to be one of the Best Crypto Exchanges in Canada.
| Pros | Cons |
|---|---|
| Publicly traded Canadian exchange | Smaller crypto selection (15+) |
| Same-day funding and withdrawals | Fees higher for credit card deposits |
| Fast verification (minutes) | Mainly focused on Canadian market |
| Transparent and regulated under FINTRAC | Limited advanced trading features |
7. Coinbase
Having been founded in the United States in 2012, Coinbase instantly became one of the Best Crypto Exchanges in Canada on account of its operational simplicity.
These days, it boasts more than 250 cryptocurrencies and advanced trading systems alongside performing standard trading. Canadian users can deposit CAD via debit card, bank transfer, or Interac e-Transfer.
Fees per transaction tend to be relatively high, usually between 1.49% and 2.99%; however, the user base benefits from incredible liquidity and security. Coinbase has also been positively rated in user experience on platforms due to its global licensing.
The company offers sign-up bonuses in the form of free cryptocurrency from time to time as well. Regardless of the higher fees, Coinbase still ranks as one of the Best Crypto Exchanges in Canada due to the reputation, extensiveness of accessible cryptocurrencies and being relatively user friendly.
| Pros | Cons |
|---|---|
| Established in 2012, globally trusted | Higher trading fees (1.49% per trade) |
| Supports 250+ cryptocurrencies | Customer support sometimes criticized |
| Beginner-friendly with simple UI | Spreads add hidden costs |
| Great liquidity and global reach | Not Canadian-specific in features |
8. Crypto.com Canada
Crypto.com is one of the best crypto exchanges in Canada due to its versatile features. The Crypto.com Visa Card which facilitates crypto cashback and the exchange which supports over 250 cryptocurrencies is one of the offerings.
Users in Canada can easily fund accounts using debit or credit cards, bank transfers, or via Interac e-Transfer.
The base trading fee is 0.40% and can be lowered by staking CRO tokens. Other than providing services to Canadians, it also operates in many regions of the world and holds multiple global licenses.
The company also enjoys excellent reviews on its mobile app, which alongside Crypto Earn, NFTs, and DeFi facilitates the exchange’s many features.
It also offers bonuses to new clients and still manages to remain among the best crypto exchanges in Canada.
| Pros | Cons |
|---|---|
| Supports 250+ cryptocurrencies | Trading fees start at 0.40% |
| Crypto Visa Card with cashback rewards | Fee reductions require staking CRO |
| Excellent mobile app with DeFi/NFT access | Customer service delays at times |
| Global exchange available in Canada | Complex fee structure |
9. Netcoins
Founded in 2014 and situated in Vancouver, Netcoins is operating since the early days of the Canadian exchange trade market and is considered one of the most trusted exchanges, while also, one of the best crypto exchanges in Canada.
Netcoins is exclusively available to Canadian traders and offers over 35 cryptocurrencies for trade. The platform is also completely registered with the FINTRAC. Netcoins is also very appealing to frequent traders since it charges zero trading fees.
Users can also fund their accounts using Interac e-Transfer, bank Wires, and direct crypto deposits. Netcoins is also recognized for its outstanding customer service and ease of use, making it a preferred platform for customers.
The platform is Canadian-focused, making transactions in CAD seamless while ensuring compliance with the law.
New users often receive a sign-up bonus and referral rewards. Due to its local-first approach and low costs, Netcoins is still one of the most trusted crypto exchanges in Canada.
| Pros | Cons |
|---|---|
| Established in 2014, Canadian-focused | Smaller crypto list (35+) |
| Zero trading fees | Fewer advanced features like margin/futures |
| FINTRAC-regulated and secure | Limited global availability |
| Easy CAD funding with Interac | Lower liquidity compared to global giants |
10. Coinberry
Coinberry which is based in Toronto is a recognized business. It was registered as a financial exchange platform in 2017 and still remains one of the top crypto exchanges in Canada. It is known for its basic fee-commission crypto trading.
Over 25 different crypto currencies can be bought and funded in Coinberry. Coinberry is also known to have a strong reputation for its seamless usability and overall transparency.
Competitors focus on the rest of Canada instead and Coinberry aims to help Canada integrate properly with the local banks.
Trading fees are not needed to conducted as they are already incorporated in the spread fees making Coinberry an simple exchange option as well as easily explaisining basic trades.
Coinberry also supports basic promo bonuses and personalized transaction bonuses which makes them an appealing option for new customers.
Coinberry does possess a Canadian focus with no additional commission fees. It does maintain its reputation as one of the best exchanges in Canada for its ease of use and.
| Pros | Cons |
|---|---|
| Commission-free crypto trading | Spread-based fees may be higher overall |
| FINTRAC-registered and Canadian-owned | Supports only 25+ cryptocurrencies |
| Simple CAD funding via Interac | No advanced trading tools |
| Transparent and beginner-friendly | Limited global presence |
Are Canadian Crypto Exchanges Regulated?
In Canada, cryptocurrency exchanges are permitted to register with FINTRAC while observing stringent KYC (Know Your Customer) information requirements and AML (Anti-Money Laundering) law compliance.
As part of provincial-level collaboration, certain platforms also work with the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC).
These hybrid regulatory frameworks ensure that the Best Crypto Exchanges in Canada are safe, investor protective, and compliant with all tier-1 and tier-2 domestic laws.
Criteria To Choose The Best Crypto Exchanges
Licenses and Safety – Must be registered with FINTRAC and skip KYC/AML; have robust 2FA, cold storage, and other security measures.
Transaction Fees – Keep and ensure withdrawal, selling, and buying charges low.
Cryptocurrency Portfolio – Sufficient number of cryptocurrencies for investment diversification.
Payment Methods – Convenient CAD deposits via Interac, wire transfer, and credit and debit cards.
Customer Interface – Well designed for effortless trade execution; mobile applications also available.
Reputation and Volume – User satisfaction and a plethora of trading activities.
Additional Services – If desired, offers staking, margin trading, or crypto cards.
Technical Support – Resolves concerns competently and within a short period.
Conclsuion
In Closing Selecting the optimal Crypto Exchanges in Canada is all about time vs security, cost, the types of cryptocurrency available and user interface.
For starters, Kraken, Bitbuy and CoinSmart are trusted platforms with various options for novices and experts. Always check payment options, trading tools and support first.
FAQ
Exchanges like Bitbuy and Kraken are highly secure and FINTRAC-registered.
Netcoins and Coinberry offer low or zero trading fees.
Some, like Kraken, allow external wallet transfers; Wealthsimple does not.
Most exchanges support CAD deposits via Interac or bank transfer.
Wealthsimple Crypto and Coinberry are ideal for newcomers.
