Top 10 Crypto Exchanges in Canada

Cryptocurrency has grown in popularity across the globe, and Canada is no exception. The country has seen a rise in crypto exchanges catering to Canadian users, offering a variety of features, security, and services. Here’s a look at the top 10 cryptocurrency exchanges in Canada, which are considered the best by traders and investors alike.

1. Bitbuy Bitbuy is one of the most popular crypto exchanges in Canada, known for its user-friendly interface and robust security features. It is a FINTRAC-registered platform that offers access to a wide range of cryptocurrencies, including Bitcoin, Ethereum, and more. Bitbuy provides users with two trading platforms: Express Trade for beginners and Pro Trade for advanced users. The exchange also offers low trading fees, making it a cost-effective choice for Canadians.

2. Coinsquare Coinsquare is another leading crypto exchange in Canada, offering a wide variety of cryptocurrencies and fiat trading pairs. Known for its high liquidity and strong security protocols, Coinsquare is an excellent choice for both beginners and seasoned traders. The platform supports Interac e-Transfer for quick and easy deposits, as well as advanced trading features for more experienced users.

3. Kraken Kraken is a globally recognized cryptocurrency exchange that is also popular among Canadian users. It offers a wide range of digital assets, along with advanced trading features such as margin trading and futures. Kraken is known for its strong security and transparent fee structure, making it a reliable option for those looking to trade cryptocurrencies in Canada.

4. Binance Binance is the world’s largest cryptocurrency exchange by trading volume and has a strong presence in Canada. Binance offers an extensive selection of cryptocurrencies and advanced trading options, including staking, futures, and more. The platform also provides competitive fees and a variety of deposit methods, making it a popular choice among Canadian traders.

5. Wealthsimple Crypto Wealthsimple Crypto is a Canadian-based exchange that is part of the popular Wealthsimple investment platform. It offers a simple and secure way to trade cryptocurrencies directly from the Wealthsimple app. Although it has a more limited selection of cryptocurrencies compared to other exchanges, it is an excellent choice for beginners who are already familiar with Wealthsimple’s investment services.

6. Newton Newton is a Canadian cryptocurrency exchange known for its zero-fee trading model. The platform allows users to trade a wide variety of cryptocurrencies with no commission fees. Newton is also praised for its easy-to-use interface, mobile app, and instant verification process. It supports Interac e-Transfer and bank wire deposits, making it convenient for Canadian users.

7. Coinberry Coinberry is a FINTRAC-registered exchange that offers commission-free trading on a variety of cryptocurrencies. The platform is known for its ease of use, making it an excellent choice for beginners. Coinberry also offers a mobile app for trading on the go and supports various deposit methods, including Interac e-Transfer.

8. NDAX (National Digital Asset Exchange) NDAX is a Canadian cryptocurrency exchange that offers a wide range of digital assets with competitive fees. The platform is designed for both beginners and experienced traders, offering features such as advanced charting tools and OTC trading. NDAX also prioritizes security, with funds stored in cold storage and a $5 million insurance policy to protect users.

9. Shakepay Shakepay is a popular crypto exchange in Canada that allows users to buy and sell Bitcoin and Ethereum quickly and easily. The platform is known for its simple interface and fast transaction times. Shakepay also offers a referral program that allows users to earn Bitcoin by referring friends to the platform. It supports Interac e-Transfer for quick deposits and withdrawals.

10. MogoCrypto MogoCrypto is part of the Mogo Finance platform, which offers various financial products to Canadians. The exchange allows users to buy and sell Bitcoin directly from the Mogo app. While MogoCrypto has a more limited selection of cryptocurrencies, it integrates well with other Mogo products, such as the Mogo Visa Platinum Prepaid Card, making it a good choice for users already in the Mogo ecosystem.

When choosing a cryptocurrency exchange in Canada, it’s essential to consider factors such as security, fees, ease of use, and the selection of cryptocurrencies. Each of the exchanges listed above has its strengths, making them the top choices for Canadian crypto traders and investors. Whether you’re a beginner looking for a simple platform or an experienced trader seeking advanced features, there’s an exchange on this list that will meet your needs.