The Canadian cryptocurrency market is projected to reach US$941.6 million in 2024, making it an opportune time to start trading. However, selecting the right platform to buy crypto can be challenging. This guide explores the best crypto exchanges in Canada, detailing their unique features, fees, supported coins, and more.
Best Crypto Exchanges in Canada: Our Top Picks
After reviewing over 30 Canadian crypto platforms based on security, CAD payment methods, fees, and ease of use, here are our top recommendations:
- Bitget – Overall Best Crypto Exchange Canada
- Crypto.com – Best for Fiat Deposits
- Coinbase – Regulated Exchange for Canadians
- Kraken – Safest Crypto Platform
- Bitbuy – Best for Bitcoin Purchases
- Shakepay – Top App for Bitcoin & Ethereum
- Uniswap – Best Decentralized Exchange
Best Canadian Crypto Exchanges – Comparison Table
| Exchange | Supported Coins | Fees (Maker/Taker) | CAD Deposits | FINTRAC Licensed |
|----------------|----------------|-------------------|-------------|------------------|
| Bitget | 700+ | 0.1% / 0.1% | Yes (Cards) | No |
| Crypto.com | 350+ | 0.25% / 0.5% | Yes (Bank/Interac) | Yes |
| Coinbase | 200+ | 0.4% / 0.6% | Yes (Interac e-Transfer) | Yes |
| Kraken | 200+ | 0.25% / 0.4% | Yes (Bank/Interac) | Yes |
| Bitbuy | 55+ | 0.5% (Pro Trade) | Yes (Interac/Bank) | Yes |
| Shakepay | 2 (BTC, ETH) | 0% | Yes (Interac/Bank) | Yes |
| Uniswap | Thousands | 0.3% (Swap Fee) | No | No (DEX) |
Best Crypto Exchanges in Canada – Detailed Reviews
1. Bitget: Best Overall Exchange
Bitget leads as the top crypto exchange for Canadians, offering 700+ cryptocurrencies with low 0.1% trading fees. Key features include:
- CAD deposits via credit/debit cards
- Copy trading for beginners
- 125x leverage in futures trading
- High-security standards
Pros:
✔ Low fees with BGB token discounts
✔ Beginner-friendly copy trading
✔ Strong security measures
Cons:
✖ No direct crypto-to-bank withdrawals
2. Crypto.com: Best for Fiat Transactions
Crypto.com supports 350+ cryptocurrencies and offers:
- Zero-fee deposits via Interac/bank transfers
- Crypto Visa Card (up to 5% cashback)
- Canadian tax reporting tools
Pros:
✔ Easy fiat deposits & withdrawals
✔ Rewards card for spending crypto
Cons:
✖ Higher trading fees than competitors
3. Coinbase: Most Regulated Exchange
Coinbase is fully compliant with Canadian regulations, offering:
- 200+ supported coins
- Interac e-Transfer deposits
- Strong security & insurance
Pros:
✔ Trusted & regulated
✔ Beginner-friendly
Cons:
✖ High transaction fees (up to 3.99%)
4. Kraken: Safest Exchange
Kraken is renowned for its security and features:
- 200+ cryptocurrencies
- Low 0.25% maker fee
- Interac e-Transfer support
Pros:
✔ Excellent security
✔ Low trading fees
Cons:
✖ Limited advanced trading tools
5. Bitbuy: Best for Bitcoin
Bitbuy excels for BTC purchases with:
- FINTRAC & OSC registration
- 0.5% trading fee (Pro Trade)
- Free Interac e-Transfer deposits
Pros:
✔ Fully regulated
✔ Easy CAD deposits
Cons:
✖ Limited altcoin selection
6. Shakepay: Simplest App for BTC & ETH
Shakepay focuses on:
- Zero trading fees
- Bitcoin cashback Visa card
- Interac e-Transfer support
Pros:
✔ No fees for buying/selling
✔ Simple interface
Cons:
✖ Only BTC & ETH support
7. Uniswap: Best Decentralized Exchange
Uniswap is ideal for DeFi enthusiasts:
- Thousands of tokens
- No KYC required
- 0.3% swap fee
Pros:
✔ Privacy-focused
✔ Wide token selection
Cons:
✖ High Ethereum gas fees
How to Choose the Best Exchange in Canada?
Consider these factors:
✅ Regulation – FINTRAC-registered exchanges (e.g., Kraken, Bitbuy)
✅ Fees – Compare trading & withdrawal costs
✅ Supported Coins – Some platforms offer wider selections
✅ Security – Cold storage & insurance matter
✅ Ease of Use – Beginner-friendly vs. advanced options
Canada Crypto Tax Guide
- Capital Gains: 50% of profits taxed
- Business Income: 100% taxed (e.g., frequent trading, mining)
- Reporting Required for all transactions
FAQs
Is crypto legal in Canada?
Yes, but it’s not legal tender. Exchanges must comply with FINTRAC regulations.
Which exchange has the lowest fees?
NDAX (0.2% trading fee) and Bitget (0.1%) offer competitive rates.
Is Coinbase better than Wealthsimple?
Coinbase suits advanced traders, while Wealthsimple is simpler for beginners.
Is Bitbuy legal?
Yes, Bitbuy is FINTRAC & OSC-registered.
Which exchanges left Canada?
Binance, Bybit, and OKX exited due to stricter regulations.
Final Thoughts
For beginners, Shakepay and Crypto.com are excellent choices. Advanced traders should consider Bitget or Kraken. Always prioritize security, fees, and compliance when selecting an exchange.