Introduction
The cryptocurrency market in Canada has grown exponentially, with numerous exchanges offering diverse services to traders and investors. This guide explores the top crypto exchanges in Canada, highlighting their features, fees, supported currencies, and unique selling points.
Top Crypto Exchanges in Canada
1. Kraken (Best Overall Exchange)
👉 Trade on Kraken
Features:
- Supported Currencies: USD, GBP, EUR, CAD, CHF, JPY, AUD
- Trading Fees: 0.16% (maker) / 0.26% (taker)
- Deposit Methods: Bank transfer, SWIFT, SEPA, debit/credit cards
- Pros: High liquidity, advanced trading tools, robust security
2. BitBuy (Best Regulated Platform)
Features:
- Supported Currencies: CAD
- Trading Fees: 2%
- Deposit Methods: Interac e-Transfer, bank transfers
- Pros: FINTRAC-regulated, insured cold storage
3. Coinbase (Best for Beginners)
Features:
- Supported Currencies: USD, GBP, EUR, CAD, SGD, NZD, AUD
- Trading Fees: 0.4% (maker) / 0.6% (taker)
- Deposit Methods: Debit card (3.99% fee)
- Pros: User-friendly interface, strong security
4. Gemini (Best for Fiat Options)
Features:
- Supported Currencies: USD, GBP, EUR, CAD, SGD, HKD, AUD
- Trading Fees: 1.49%
- Deposit Methods: Bank transfer, wire transfer, debit card
- Pros: Simple UI, secure wallet
5. Crypto.com (Best Mobile App)
Features:
- Supported Currencies: AUD, CAD, EUR, GBP, USD
- Trading Fees: 0.075%
- Deposit Methods: Bank transfer, debit card
- Pros: NFT marketplace, Visa card
Comparison Table
| Exchange | Crypto Assets | Trading Fees | Deposit Methods | Regulation |
|---|---|---|---|---|
| Kraken | 222 | 0.16%/0.26% | Bank, SWIFT, Card | FINTRAC |
| BitBuy | 24 | 2% | Interac, Bank | FINTRAC |
| Coinbase | 241 | 0.4%/0.6% | Debit Card | Global |
How to Choose the Best Exchange
- Regulation: Opt for FINTRAC-regulated platforms.
- Fees: Compare trading, deposit, and withdrawal fees.
- Payment Methods: Ensure CAD-friendly options like Interac.
- Security: Look for cold storage and 2FA.
FAQ
Q1: What is the cheapest crypto exchange in Canada?
A: Kraken offers competitive fees (0.16%/0.26%).
Q2: Can I withdraw CAD from Coinbase?
A: No, Coinbase only supports debit card deposits for CAD.
Q3: Are Canadian banks crypto-friendly?
A: Most banks block crypto purchases but allow Interac transfers.