Discover the top crypto exchanges in Canada. Explore our rankings to find out which platform suits different investor types, and reveal the number one crypto exchange that tops our list.
Which Are Canada’s Top Crypto Exchanges?
| Platform | Score | Coins | Advanced tools | Trading fees |
| Coinbase | 21 | 248+ | Yes | 0%-0.6% |
| Kraken | 20.5 | 240+ | Yes | 0%-0.4% |
| NDAX | 20 | 46+ | Yes | 0.20% |
| Netcoins | 20 | 40+ | No | 0.50% |
| Wealthsimple | 19 | 66+ | No | 0.5%-2% |
| Coinsmart | 18 | 16+ | No | 0.2%-0.4% |
| BTCC | 18.5 | 300+ | Yes | 0.30% |
| Newton | 16 | 70+ | Yes | 1%-1.6% |
| Crypto.com | 15.5 | 350+ | Yes | – |
| Gemini | 15.5 | 70+ | Yes | 0%-1.5% |
| Shakepay | 14.5 | 2 | No | – |
| Coinsquare | 14.5 | 53+ | Yes | 0.5%-2% |
| VirgoCX | 14 | 80+ | Yes | 0.5%-2.5% |
Coinbase
Looking for the top crypto exchanges in Canada? Consider Coinbase. As a publicly listed, well-funded giant in the crypto sphere, Coinbase recently obtained registration with the Canadian Securities Administrators (CSA), solidifying its presence in the Canadian market. Beginners and seasoned investors alike can benefit from its intuitive features, educational resources, reliable customer support, diverse coin offerings, and seamless user experience. Explore the advantages and potential drawbacks of Coinbase to make an informed decision.
Kraken
Kraken, a top contender for Canadian crypto investors, boasts an impressive array of features, competitive fees, and a user-friendly experience catering to both crypto newcomers and veterans. With its ongoing efforts to secure CSA registration, Kraken shows its commitment to regulatory compliance. Despite not being publicly listed, the platform’s track record spans over a decade, operating since 2011. Investors seeking cost-effectiveness will find Kraken particularly appealing, as its fees range from 0% to 0.4%. While customer service is limited to chat and email support, Kraken remains a strong choice for those seeking a reliable and comprehensive crypto exchange. (Explore Kraken’s advantages and disadvantages in detail.)
NDAX
NDAX, a Canadian crypto exchange, stands out for its exceptional user experience, thanks to its sleek and intuitive website and top-rated mobile apps for iOS and Android. When compared to Wealthsimple, NDAX takes the lead, offering a platform that caters to advanced traders while maintaining ease of use. An added bonus: NDAX boasts a low trading fee of just 0.2%, making it a favorite among Canadian investors seeking a cost-effective trading solution. For a comprehensive look at all the pros and cons, read our NDAX review.
Wealthsimple
For crypto investing newcomers, Wealthsimple stands out due to its sleek, intuitive interface, exceptional customer support, and CSA registration. It also offers simplified tax filing. Plus, investors can explore traditional options like stocks, ETFs, and enjoy a robo-advisor service. Explore the benefits and drawbacks of Wealthsimple to make informed decisions.
BTCC
BTCC, in December 2011, became the first to be both a registered digital asset marketplace and a restricted cryptocurrency assets dealer, with a Score of 18.5. Investors from Canada can enjoy transparent pricing and consistent fees on BTCC, as orders are matched against other live orders, eliminating the need for third-party dealers. This ensures a seamless trading experience for all.
- Pros
- Trading fees of 0% to 3%
- Advanced trading tools available through BTCC Pro Trade
- Staking available for certain coins
- Registered with the CSA and FINTRAC
- Canadian platform
- Cons
- No live chat for customer support
How to choose the best crypto platforms and apps in Canada?
Discover the top crypto trading platforms in Canada. Our list features Canadian, U.S., and global companies serving Canadians and meeting strict criteria. Find the best apps and platforms for your crypto needs today.
- Offers cryptocurrency trading in Canadian dollars
- Registered with FINTRAC
- Registered or applied for registration with the Canadian Securities Administrators (CSA)
- Accepting new customers from Canada
Based on a weighted average of five key parameters, crypto platforms were scored to determine their ranking. The final tally takes into account the specific percentages assigned to each criterion, ensuring a comprehensive evaluation.
How to Select a Crypto Platform or App in Canada?
Choosing among the various crypto trading platforms available to Canadians requires a thorough examination of their offerings. While a wide range of coins may impress any crypto investor, it’s not a must-have if your focus is on trading well-established currencies like bitcoin and ethereum. Instead, consider factors tailored to your investing experience. Novice investors, for instance, will appreciate a user-friendly platform with round-the-clock customer support. On the other hand, seasoned investors might seek platforms offering advanced features such as limit orders, real-time order books, or crypto staking options. Naturally, a crucial aspect of your comparison should include fees and spreads. Use these key considerations to guide you in selecting the crypto exchange, platform, or app that best suits your needs.
- Security features: Look for platforms offering two-factor authentication (2FA) and cold storage for enhanced security.
- User experience: Consider ease of use, availability of a mobile app, and the quality of customer support.
- Trading features: Compare the cryptocurrencies supported, availability of advanced trading tools, and staking options.
- Fees: Evaluate trading, withdrawal, deposit, and staking fees to find the most cost-effective platform.
- Downloads and reviews: Check App Store and Google Play Store for download counts and user reviews.
- Regulatory compliance: Ensure the platform is registered with FINTRAC and either registered with the CSA or committed to a PRU.
- Supported payment methods: Look for convenient payment options like Interac, wire transfers, and credit/debit cards.
- Educational resources: Choose platforms that offer educational materials such as articles, tutorials, and videos.
- Customer support: Compare the types and availability of customer support, including email, phone, and chat.