These crypto exchanges keep most of their coin holdings in cold storage to protect them from hackers. One of the safest crypto exchanges in Canada is Bitbuy. It offers free fiat deposits, and crypto trading fees range from 0.00% to 2%. One of the cheapest crypto exchanges in Canada is Bitbuy. For advanced traders, the best crypto exchange in Canada is Bitbuy or CoinSmart. Confirm that the exchange uses cold storage to protect users’ coins and find out what they have for privacy protection, account security, insurance, and more.

Security is a significant focus for Bitbuy and this why they rated as a #1 crypto exchange in Canada on our list. However, they listened to their customers and waived it in 2023 so the only fee you pay now is 1.5% withdrawal fee which makes BitBuy one of the cheapest crypto trading platforms in Canada. The platform is designed to accommodate both beginners and advanced traders. We hope this list helps you find the best Canadian crypto exchange for your needs. I launched a questionnaire at OCryptoCanada.ca and our popular Canadian crypto reddit community, asking people, “What’s the most important factor for you when choosing a crypto exchange?

Find the best crypto app, exchange or trading platform available to Canadian residents.

• However, it is important to research these exchanges and ensure they meet your trading needs.
• Coinbase charges 0.6% – 1.75% on accounts with a trading volume of less than $10k over a 30-day period, with rates reduced below 0.5% for high-volume traders.
• For example, holding ADA can earn you between 1% and 4% annually, while Polygon offers lower yearly rewards from 0.5% to 2%.
• Beyond this the digital currencies supported on exchange can differ greatly.
• They are a growing name in the country, providing a safe, simple, and affordable crypto exchange to buy and sell crypto in Canada.

Other fees when you deposit fiat or withdraw fiat and cryptocurrency. As per its website, it utilizes several security measures and policies to protect users’ accounts. VirgoCX is a cryptocurrency exchange founded in 2018. It is approved by the Ontario Securities Commission and the Canadian Securities Administrators as a registered marketplace for crypto assets.

In Ontario, for instance, the local regulators banned margin trading when it comes to crypto in early 2024. Brokers and exchanges can also target a Canadian audience, provided they successfully register with provincial regulators. For those interested in earning rewards via staking their crypto, Coinbase’s staking program promises up to 10% APY (for users based in Canada).

• Read on for a few minutes, you’ll get an in-depth review of the top Canadian crypto exchanges, including their regulation status, security, features, and fees.
• This beginner-friendly crypto exchange offers an array of popular digital currencies and has recently enhanced its services to better accommodate Canadian users.
• He started out with Coinbase, Kraken and Peer-to-Peer exchanges.
• Individuals in Canada are permitted to trade cryptocurrencies in several ways, primarily through spot trading on registered crypto asset trading platforms regulated by provincial authorities under CSA oversight.

All of our content is written by Canadian crypto experts, not robots. Crypto and bitcoin losses need to be reported on your taxes. Here’s how much tax you’ll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies. Join 500,000 people instantly calculating their crypto taxes with CoinLedger. Bitbuy and Coinbase are good options to buy crypto instantly in Canada. Binance already halted its services to Canadian users in 2023, blaming the nation’s new rules.

Best crypto trading platform for self custody: Paybis

Having been in this space since 2016, I’ve watched the industry evolve rapidly – new exchanges emerge, regulations change, and features that seem cutting-edge today become standard tomorrow. If you want to be safe, it’s good to use exchanges that follow Canadian laws. Nonetheless, some exchanges, such as Bitget and Kucoin, continue to operate in Canada without adhering to these regulations.

Best Canadian Cryptocurrency Exchanges based on consumer ratings, reports and personal tests in 2025

For Canadian crypto investors, Coinbase Wallet and Ledger Nano X stand out as the best options, combining user-friendly design with top-notch security for your crypto assets. However, it is important to research these exchanges and ensure they meet your trading needs. Now go on… use everything you’ve just learned to pick the best crypto exchange Canada has to offer. Well, if you’re trading regularly, then you need to keep an eye out for the fees and exchange charges.

Best crypto exchange for low fees: Crypto.com

As for fees, low-volume accounts will be charged between 0.60% and 1.75%, with the rate starting to decrease below 0.5% on trading volumes over $10k over a 30-day period. A quick buy function enables users to buy Bitcoin and hundreds of other coins with CAD as a trading pair. It is a user-friendly platform that is accessible to both beginner investors and advanced traders. This wouldn’t be a best crypto exchange list without Coinbase making an appearance.

These fees compensate the broker for the capital borrowed to maintain the leveraged trade, and the rate can vary based on the position (long or short) and the underlying cryptocurrency. First and foremost, regardless of whether you decide to trade crypto CFDs or go for other options like spot trading, you will need to account for the spread. Retail trading of crypto CFDs may occur via offshore platforms, exposing users to higher financial risks. Also, the Canadian Investment Regulatory Organization (CIRO) recently excluded cryptocurrency exchange-traded funds (ETFs) from using reduced margin, which translates into lower leverage ratios available for this group of financial instruments.

Best crypto platform for advanced traders: Kraken

Before you pick a crypto exchange in Canada, there are a few key points to consider. NDAX charges 0.2% trading fees and has a calculator to help you work out your expected trading fees. NDAX, which stands for National Digital Asset Exchange, launched in 2018 has become Canada’s most advanced crypto exchange with a comprehensive offering. NDAX, a safe, regulated, and cutting-edge crypto trading platform, was established in 2018 to enable everyone to take part in and benefit from the contemporary digital economy. Yes, Coinbase is a trustworthy company for crypto users in Canada to start buying and selling hundreds of coins with CAD.

Invest in crypto like bitcoin and ethereum in a traditional, rollover, or Roth IRA. From bitcoin mining in 2014, to our first crypto service in 2018, Fidelity Digital Assets®, we learned by staying on the leading edge of crypto. Explore the growing crypto opportunities at Fidelity, including ETPs focused on digital assets.Discover all of the ways into crypto Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.

What are Centralized Exchanges?

In late 2022, it unveiled plans to prohibit locally registered exchanges from offering leverage for cryptocurrencies to residents of the country. In terms of trading fees, MEXC offers futures fees between 0% (maker) and 0.02% (taker), and spot fees ranging from 0% (maker) to 0.05% (taker). With over 30 million registered customers worldwide, MEXC is the go-to platform for many a crypto enthusiast, and this largely has to do with its low fees, user-friendly user interface, and massive selection of tradable cryptocurrencies. Canadian crypto enthusiasts who make Kraken their platform of choice can trade either futures or partake in spot trading, all in one powerful interface. As per 2025 data, the exchange reported 15M+ clients, 560+ crypto assets, and $207B+ in quarterly trading volume. Kraken stands as one of the largest exchanges in the crypto market, often ranking quite high in terms of daily trading volume.

It should also be noted that Canada-based crypto enthusiasts who prefer to trade on the go will be able to use MEXC on their mobile devices. Education is one of the aspects where MEXC performs quite well, and its content can be of use to both novices and those with some crypto trading experience under their belt who wish to quickly brush up on some of the key basics. Several payment solutions are in place for Canadian traders, including Interac e-Transfers, in-person at Canada Post, credit and debit cards, as well as wire transfers. If a given Kraken user does not yet own crypto, they can use CAD as a fiat currency and one of the numerous fiat-based deposit methods to purchase crypto or deposit into their account. While Kraken is suitable for individuals who are familiar with the ins and outs of crypto and already own digital currencies, it should be noted that the exchange is also beginner-friendly. The available cryptocurrencies include Bitcoin, Tether, Ripple, Litecoin, and Solana, which are but a few examples of what clients can trade.

So no matter how often you trade, you can file your taxes accurately and effortlessly. A unique function within NDAX for Canadian users is Tax Reporting. Canadians can also enjoy the passive income function which unlocks up to 13% staking rewards on top coins like ETH and ADA.

Canada’s crypto regulation is some of the strictness legislation in the world. Features like 2-factor authentication should be available to secure your user accounts. Some, like security, are non-negotiables, while other factors, like the types of currencies available, are subject to your investing requirements. NDAX is registered with FINTRAC and the CSA, plus is a member of CIRO.

What payment methods can I use to deposit into my broker account or purchase crypto?

It supports 15+ coins, including BTC, ETH, LTC, DOGE, XLM, LINK, BAT, and more. Fees up to 0.1% depending on your account tier. Fiat and crypto deposits are free; a flat fee cryptocurrency broker canada applies to fiat and crypto withdrawals.