With the Canadian cryptocurrency market expected to reach US$941.6 million in 2024, it’s a great time to start trading. However, choosing the right exchange can be tricky. In this guide, we’ll explore the best crypto exchanges in Canada, detailing their unique features, fees, supported coins, and more.
List of Best Crypto Exchanges in Canada: Our Top Picks
We have reviewed over 30 different Canadian crypto asset trading platforms based on security, CAD payment methods, fees, ease of use, and more. Here is our list of the best cryptocurrency exchanges in Canada:
- Bitget: Overall Best Crypto Exchange Canada
- Crypto.com: Best Canadian Bitcoin Exchange for Fiat Deposits
- Coinbase: Regulated Crypto Exchange in Canada
- Kraken: Safest Crypto Exchange in Canada
- Bitbuy: Best for Buying Bitcoin in Canada
- Shakepay: Best Crypto App to Buy Bitcoin and Ethereum
- Uniswap: Best Decentralized Exchange in Canada
Best Canadian Crypto Exchanges – Comparison Table
Exchange
Supported Coins
Fees
CAD Deposit Supported
FINTRAC Licensed
Bitget
700+
0.1% maker/taker
Yes (via credit/debit card)
No
Crypto.com
350+
0.25% maker and 0.5% taker
Yes (via Interac, bank transfer)
Yes
Coinbase
200+
0.4% maker and 0.6% taker
Yes (via Interac e-Transfer)
Yes
Kraken
200+
0.25% maker and 0.4% taker
Yes (via Interac e-Transfer, bank transfer)
Yes
Bitbuy
55+
0.5% (Pro Trade)
Yes (via Interac e-Transfer, bank transfer)
Yes
Shakepay
2 (Bitcoin, Ethereum)
0%
Yes (via Interac e-Transfer, bank transfer)
Yes
Uniswap
Thousands of tokens
0.3%
No
No (DEX platform)
Best Crypto and Bitcoin Exchanges in Canada – Detailed Review
1. Bitget: Overall Best Crypto Exchange in Canada
Bitget is the #1 crypto exchange for Canadians looking to trade 700+ digital currencies. The platform lets you deposit CAD using credit or debit cards, making it highly convenient. With a flat 0.1% maker and taker fee, Bitget is among the most affordable exchanges for trading. Its native token, BGB, offers even more discounts (up to 20%).
Beginners will find the copy-trading feature helpful, allowing them to replicate the strategies of experienced traders. For advanced users, Bitget excels in 125x futures trading with tools for risk management. The exchange also ensures a secure trading environment, leveraging advanced encryption and compliance standards.
It also provides promotions, such as discounts and $1,000 sign-up bonus opportunities, to engage both new and seasoned traders. The interface is user-friendly, and Bitget is accessible via its mobile app. You can read our detailed Bitget review for more info.
Pros
- Low fees, especially with BGB token discounts
- Copy trading for beginners to follow experienced traders
- Supports CAD deposits and withdrawals
- High-security standards for peace of mind
- Offers both spot and futures trading options
Cons
- No direct crypto-to-bank withdrawal for Canadian users
- Complex features might overwhelm complete beginners
2. Crypto.com: Best Canadian Exchange for Fiat Deposits and Withdrawals
Crypto.com is another popular platform for Canadians looking to trade and manage cryptocurrency. It supports over 350 cryptocurrencies, including Bitcoin, Ethereum, and many altcoins. Canadians can use the Crypto.com app for buying, selling, and staking crypto, which makes it beginner-friendly.
The platform also provides a Visa card, allowing you to spend crypto directly, which is especially handy for everyday transactions. Plus, the app charges 0% fees for deposits and crypto-to-crypto exchanges. However, there are fees for withdrawing crypto, which depend on the currency.
Crypto.com also offers attractive rewards for Canadians through cashback on the Visa card and other promotions. Staking CRO (its native token) can unlock additional perks, including higher cashback rates. Its security features, like two-factor authentication and a user-friendly app, make it trustworthy for Canadian users. Plus, Crypto.com provides tax tools tailored to Canadian regulations.
Pros
- Supports over 350 cryptocurrencies for trading
- Crypto Visa card with cashback rewards
- No fees on deposits and crypto-to-crypto convert
- Canadian tax reporting tools included
- Easy-to-use mobile app
Cons
- Customer support can be slow
- Trading fees are higher compared to global exchanges
3. Coinbase: Regulated Crypto Exchange in Canada
Coinbase is the best crypto exchange in Canada for its regulation-friendly approach. It supports over 200 cryptocurrencies. Canadians can buy crypto easily using debit cards or Interac e-Transfer.
