Best Crypto Exchanges in Canada
Are you looking to dive into the world of cryptocurrency trading in Canada? Choosing the right crypto exchange can be crucial for your trading success. In this guide, we will explore the best crypto exchanges in Canada that offer the most secure, user-friendly, and cost-effective services. We will detail their features and the fees associated with different transactions like deposit, withdrawal and trading.
1. NDAX (National Digital Asset Exchange)
Features:
- Regulation: Canadian-based and fully regulated, ensuring adherence to local laws.
- Wide Range of Cryptocurrencies: Supports a broad spectrum of cryptocurrencies including major and emerging ones.
- Competitive Fees: Transparent and competitive fee structure.
- Advanced Trading Tools: Provides advanced tools for professional traders, including multiple order types and detailed charting.
- Security: Strong security measures including insurance for digital assets, cold storage, and 2FA.
- Customer Support: Dedicated support team available to assist users with any issues.
- Mobile App: Available for both Android and iOS for convenient trading on the go.
- Staking Support: Offers staking for select cryptocurrencies with attractive returns.
- Educational Resources: Offers educational content to help users understand cryptocurrency and trading strategies.
Fees:
- Trading Fees: 0.2% for both makers and takers.
- Withdrawal Fees: 0.0005 BTC for Bitcoin, varies for other cryptocurrencies.
- Deposit Fees: Free for most methods.
You can read our detailed NDAX review to understand more about different features offered by this crypto currency exchange.
Link: NDAX
2. Coinsquare
Features:
- Regulation: Fully regulated and compliant with Canadian regulations, providing a secure trading environment.
- Wide Range of Cryptocurrencies: Supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
- Security: Uses advanced security measures including 2FA, encryption, and cold storage for the majority of user funds.
- User-Friendly Platform: Intuitive interface designed for both beginners and experienced traders.
- Mobile App: Available for both Android and iOS for trading on the go.
- Staking Support: Supports staking for select cryptocurrencies, allowing users to earn rewards.
- Customer Support: Provides dedicated customer support to assist with any issues or questions.
- Educational Resources: Offers guides, articles, and webinars to help users learn about cryptocurrency trading.
Fees:
- Trading Fees: 0.1% maker and 0.2% taker fees.
- Withdrawal Fees: Varies by cryptocurrency.
- Deposit Fees: Free for most methods.
Link: Coinsquare
3. Kraken
Features:
- Security: Implements industry-leading security features, including cold storage, 2FA, and encrypted communication.
- Wide Range of Cryptocurrencies: Supports over 50 cryptocurrencies.
- Advanced Trading Features: Includes margin trading, futures, and OTC (over-the-counter) options.
- Detailed Analytics: Provides advanced charting tools and market insights.
- Staking Support: Offers staking for several cryptocurrencies with competitive yields.
- Educational Resources: Offers guides, podcasts, and webinars to help users learn about crypto trading.
- 24/7 Customer Support: Accessible support team via live chat and email.
- Regulation Compliance: Fully compliant with Canadian regulations, including in Ontario.
Fees:
- Trading Fees: 0.16% maker and 0.26% taker fees.
- Withdrawal Fees: Varies by cryptocurrency (e.g., 0.0005 BTC for Bitcoin).
- Deposit Fees: Free for most methods.
Link: Kraken
4. Shakepay
Features:
- Regulation: Registered with FINTRAC and compliant with Canadian regulations.
- User-Friendly Interface: Designed for ease of use, making it suitable for beginners.
- Zero Fees on Transactions: No fees on buying or selling Bitcoin and Ethereum.
- Quick Deposits and Withdrawals: Fast processing of deposits and withdrawals through Interac e-Transfer.
- Mobile App: Available for both Android and iOS, offering seamless trading on the go.
- Security: Features include cold storage, 2FA, and insurance on digital assets.
- Customer Support: Responsive customer service team to assist with any issues or questions.
- Staking Support: Does not currently support staking.
Fees:
- Trading Fees: Zero fees on buying and selling.
- Withdrawal Fees: No fees for Interac e-Transfer withdrawals.
- Deposit Fees: No fees for Interac e-Transfer deposits.
Link: Shakepay
5. Bitbuy
Features:
- Regulation: Registered and regulated in Canada, providing a secure trading environment.
- User Experience: Simple and clean interface, making it easy for new users to navigate.
- Security: High security with 95% of funds stored in cold storage, along with 2FA and insurance for digital assets.
- Cryptocurrency Support: Supports a variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and more.
- Advanced Trading Options: Offers advanced trading options for experienced traders, including pro tools and charts.
- Quick Verification: Fast account verification process, allowing users to start trading quickly.
- Mobile App: Comprehensive mobile app available for trading anytime, anywhere.
- Staking Support: Does not currently support staking.
Fees:
- Trading Fees: 0.1-0.2% depending on the type of trade.
- Withdrawal Fees: 1.5% for Interac e-Transfer, 0.5% for bank wire.
- Deposit Fees: 1.5% for Interac e-Transfer, 0.5% for bank wire.
Link: Bitbuy
Final thoughts
When choosing one of the best crypto exchanges in Canada, it’s essential to consider factors like security, fees, user experience, and the range of cryptocurrencies offered. Additionally, understanding provincial regulations is crucial for compliance and accessibility. The exchanges listed above are some of the top options available in 2024, each with its unique features and benefits. Make sure to visit their websites to get more detailed information and start your crypto trading journey safely and efficiently.
