There are so many crypto trading apps and platforms out there.
To choose the best crypto trading platform in Canada, you need to compare their supported cryptocurrencies, trading fees, deposit/withdrawal fees, trading features/charting tools offered, and more.
Best Crypto Trading Platforms in Canada
Below, we give you a rundown of some of the best crypto exchanges in Canada so that you can choose the one that best fits your needs.
1. CoinSmart
CoinSmart is one of the best crypto trading platforms for beginners. It is based in Toronto and was launched in 2018 to address verification and funding difficulties common in most exchanges.
It features an intuitive, beginner-friendly interface and is a secure, reliable platform that makes it easy for Canadians to access and trade cryptocurrencies within minutes.
CoinSmart offers instant account verification by running an automatic identity check with the credit bureaus.
Unless the identity check fails, you won’t be required to submit identity documents.
The platform also offers instant/same-day funding through multiple funding methods, including Interac e-Transfer, wire Transfer, crypto deposits, SEPA, and debit/credit card purchases.
There is also CoinSmart Premium which offers advanced trading tools and OTC crypto services to allow high volume and professional active traders to place customized orders and fill large trades.
CoinSmart supports 16 crypto coins, including Bitcoin, Ethereum, Solana, Stellar, Cardano, Shiba Inu, Litecoin, EOS, Chainlink, Dogecoin, Polkadot, USD Coin, Bitcoin Cash, and Uniswap.
Trading fees stand at 0.20% for single trades and 0.30% for double trades.
Deposit and withdrawal fees range from 0% to 1.5% depending on the funding/withdrawal method used and the amount, while crypto withdrawal fees vary among coins.
If you open a CoinSmart account and fund it with $200+, you get a $50 sign-up bonus. You can also learn more in this review.
2. Newton
Newton is a Toronto-based crypto exchange that was founded in 2018, and it’s reputed as a trusted, low-cost crypto exchange that supports a wide selection of cryptocurrencies.
Newton crypto exchange offers commission-free trading and even covers network fees up to CAD 5, making it one of the best platforms for day trading crypto at no extra cost.
It offers instant account verification by running an automatic check with the credit bureaus, and there is no need to upload identity documents unless the automatic check fails.
You can fund your wallet via Interac e-Transfer, wire transfers, and crypto deposits and start trading a wide selection of 70+ crypto coins, including Bitcoin, Ethereum, The Graph, Avalanche, Gala, Terra, Cardano, Decentraland, Fantom, The Sandbox, Ankr, Aave, Polygon, and more.
Newton doesn’t charge trading fees or deposit and withdrawal fees but applies a spread fee of 0.5% to 2% between the bid-ask prices when you buy and sell crypto.
High volume and institutional traders can further slash spread fees on Newton Pro, which offers 100+ crypto pairs at competitive spreads of 0.1%.
Create a Newton account and trade $100 worth of crypto to get a $25 welcome bonus.
Learn more in this detailed Newton review.
3. Wealthsimple Crypto
Wealthsimple Crypto is the best trading platform for crypto and stocks.
It was launched in 2020 as part of the Wealthsimple Trade platform, an independent online brokerage that allows self-directed investors to trade stocks, EFTs, and crypto in one place with zero commissions.
It’s more of a crypto broker that offers a simple, easy and secure way to add crypto into your portfolio with a non-registered account.
Crypto assets are then held with Gemini, a regulated crypto custodian.
The platform supports 50+ cryptocurrencies, including Bitcoin, Decentraland, Curve, Ethereum, Litecoin, Maker, Fantom, Aave, Compound, Kyber Network, Polkadot, Balancer, OX, Cosmos, Solana, Uma, Axie Infinity, Basic Attention Token, and others.
You won’t incur any extra trading fees or deposit and withdrawal fees on the platform.
Instead, you pay an in-built spread fee of 1.5% to 2% applied on the bid and ask price when you trade crypto on the platform.
If you open a Wealthsimple Crypto account and deposit $150 within 30 days of registering, you receive a $25 cash bonus.
Learn more in this Wealthsimple Crypto review.
4. Shakepay
Shakepay was founded in 2015 and is one of the best platforms for crypto trading that allows Canadians to trade Bitcoin and Ethereum Commission-free.
It is a FINTRAC-registered Money Service Business (MSB) based in Montreal and licensed by Quebec to operate across all Canadian provinces and territories.
Since its launch, more than 900,000+ Canadians have traded over $6B+ in crypto assets.
Shakepay offers instant account verification by running an automatic identity check with the credit bureaus, and it only takes about 10 minutes to get verified and start trading.
You can fund your Shakepay wallet via Interac e-Transfer, Bank Wire, and crypto deposits.
Shakepay only supports Bitcoin and Ethereum and doesn’t charge trading fees or deposit and withdrawal fees.
Instead, you’ll pay an in-built Shakepay spread of 1% to 3% applied on the bid-ask prices on buy and sell trades.
Though Shakepay offers one of the best crypto trading apps, it’s not a fully-fledged crypto exchange and doesn’t offer advanced trading features.
Thus, it’s a great crypto platform for beginners looking for a simple interface to buy Bitcoin and Ethereum at no extra charges.
Other top features include recurring buys, Cold storage, 2FA, responsive customer support, and a Shakepay Visa card to spend your crypto holdings and earn Bitcoin cashback on purchases.
If you create a Shakepay account and trade $100+ worth of crypto, you get a $30 sign-up bonus.
Get more details in this Shakepay review.
5. Coinberry
Based in Toronto, Coinberry is among the best crypto trading platforms for beginners.
It was founded in 2017 and offers a basic, easy-to-use web & mobile interface to allow Canadians to buy crypto safely, securely, and instantly.
The platform doesn’t support advanced trading features or charting tools; hence not great for experienced traders.
Coinberry is insured by Lloyd’s and is PIPEDA compliant, and a FINTRAC & OSC registered Money Service Business.
It has also partnered with some Canadian municipalities to allow payment of property taxes using Bitcoin.
The platform offers instant verification for most accounts, and it takes only minutes to register an account and purchase crypto.
You can fund your Coinberry wallet via Interac e-Transfer, bank wire, crypto deposits, and credit/debit card purchases.
Coinberry supports about 30 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, Compound, Uniswap, Basic Attention Token, Yearn Finance, Aave, Balancer, Polkadot, Synthetix, Stellar, Dogecoin, Curve, and Keber Network.
Coins are held by Gemini, a regulated digital asset custodian offering 200M in insurance coverage.
Coinberry doesn’t charge trading fees or deposit and withdrawal fees. Instead, you pay an in-build Coinberry spread of 0% to 2.5% applied on the bid-ask price when placing trades on the platform.
Other features include recurring buys, live customer support, and a crypto learning portal where you can learn about cryptocurrencies, DeFi, and blockchain.
If you open a Coinberry account and trade $50+, you get a $30 sign-up bonus.
Learn more in this Coinberry review.
6. NDAX
Launched in 2018, the National Digital Asset (NDAX) is one of the best crypto trading platforms in Canada for beginners and seasoned traders.
NDAX offers a simple registration process with instant ID verification, multiple funding methods, and an intuitive platform with advanced features and charting tools to allow experienced traders to place advanced order types and automate trades.
You can fund your NDAX wallet via Interac e-Transfer, Bank Draft, wire transfer, Certified Cheque, and crypto deposits.
NDAX supports several cryptocurrencies, including Bitcoin, Ethereum, Cardano, Tether, Fantom, Solana, MATIC, Ripple, Shiba Inu, Avalanche, Polkadot, Decentraland, Dogecoin, Terra, Stellar, Hedera, Chainlink, Axie Infinity, The Graph, and more.
There are no deposit fees, but you’ll incur a flat trading fee of 0.2% per trade and flat fiat withdrawal fee of $25. Crypto withdrawal fees vary by coin.
Other top features include recurring buys, up to 98% cold storage, 2FA to keep your account secure, 24/7 live customer support, and Premium OTC service via NDAX Wealth for high-volume traders.
Here’s an NDAX review with more details.
7. Bitbuy
Bitbuy is one of the best crypto trading platforms in Canada for trading Bitcoin, Ethereum, and several other cryptocurrencies.
It was established in 2016 and is a FINTRAC-registered MSB approved by the OSC as the first Canadian registered marketplace for crypto assets.
Bitbuy offers instant account verification, cold storage backed by comprehensive insurance, OTC service for high-volume traders, and intuitive interfaces for both new and experienced traders.
New crypto investors can get started on Bitbuy Express, while advanced traders can find advanced tools to automate their trading activities on Bitbuy Pro.
You can fund your Bitbuy wallet via bank wire, Interac e-Transfer, and crypto deposits to start trading right away.
The Bitbuy crypto exchange supports 20+ cryptocurrencies, including BTC, ETH, EOS, SUSHI, BCH, LTC, XLM, LINK, DOGE, UNI, ADA, DOT, AAVE, SOL, and MATIC.
Bitbuy offers transparent and competitive trading fees as follows:
- Up to 1.50% depending on your account tier
Deposit/withdrawal fees range from 0.5% to 1.5% depending on the amount and method used, while crypto withdrawal fees vary from coin to coin.
You can also learn more in this review.
8. Crypto.com
Crypto.com is a Hong Kong-based crypto exchange founded in 2016, with 10M+ users in 90+ countries, including Canada.
It’s an all-in-one crypto hub and one of the best crypto trading platforms for leverage.
The platform follows KYC and AML rules, and you’ll be required to complete an ID verification to join. Once in, you can fund your wallet via bank transfers or debit/credit purchases.
You can access all manner of crypto services, including:
- Crypto exchange at competitive prices
- Crypto Earn to stake and earn up to 14.5% on your crypto assets
- DeFi Swap to swap DeFi coins and earn triple rewards
- DeFi wallet to take control of your private keys
- NFT market to buy, sell and showcase NFTs
- Crypto.com Pay to make and receive crypto payments
- Crypto.com Visa card to spend your crypto holdings and earn up to 8% on purchases.
Crypto.com supports 250+ cryptocurrencies and 20+ fiat currencies. Users can also stake 40+ cryptocurrencies and stablecoins to earn crypto rewards.
Maker fees start at 0.10% to 0.04%, while taker fees come in between 0.16% to 0.1% based on your 30-day trading volume.
ACH and Wire transfer deposit/withdrawal fees vary based on the currency, while credit/debit fees range from 2.9% to 3.99%.
Crypto.com also has its own utility token, CRO. If you stake CRO tokens and use them to pay gas fees, you get a 10% to 100% discount on trading fees based on your CRO stake.
You can get a $25 welcome bonus when you stake enough CRO for a Crypto.com metal Visa card (promo code ypa22jvaeg).
9. Binance
Binance is the largest crypto exchange in the world by trading volume and is one of the most advanced and best crypto trading platforms for leverage trading.
Binance offers manual verification, which may take several hours to days.
You can fund your account via bank transfer, credit/debit card purchases, crypto deposits, and third-party payment via Simplex, Banxa, and Paxos.
Binance top features include spot trading, margin and futures trading, crypto staking via Binance Earn, P2P trading with 100+ payment methods, crypto loans, advanced trading features, and TradeView charting tools.
Users can trade over 350+ cryptocurrencies, with over 50+ fiat currencies supported.
Binance trading fees are some of the lowest in the crypto space, starting at 0.1%, then decreasing to 0% based on your BNB holding and 30-day trading volume.
If you use the BNB token to pay trading fees, you get a 25% discount on your trading fees. Deposit/withdrawal fees range from 0 to 3.5% based on the method used.
Binance also offers one of the best crypto trading apps to trade and monitor your account on the go, a Binance Visa card to spend your crypto and earn up to 8% cash back on purchases, and multiple trading interfaces to accommodate newbies and seasoned traders.
New Binance users get up to a 45% discount on commissions here.
10. Coinbase
Coinbase is the second-largest crypto exchange and one of the well-established US-based cryptocurrency exchanges founded in 2012.
It has over 73M+ verified users in 100+ countries, including Canada.
It is a fully regulated and licensed crypto exchange that went public in late 2021 and is now listed on the Nasdaq exchange, trading under the ticker COIN.
The standard platform offers a simple user interface to make it easy and convenient for anyone to buy crypto, and it’s one of the best crypto trading platforms for beginners.
There’s also Coinbase Pro, which offers advanced order types to experienced traders.
You can easily get started on the platform after completing an identity verification process with a government-issued ID, and a Selfie photo of your face.
Once in, you can fund your account via ACH transfer, wire transfer, or crypto deposits.
Coinbase also supports debit card purchases and Google Pay/Apple Pay purchases.
Users can trade 100+ cryptocurrencies on Coinbase.
Trading fees on the standard Coinbase platform can be quite expensive and complex, ranging from $0.99-$2.99 for crypto purchases of $10-$200, then a percentage fee on crypto purchases above $200. You also incur a Coinbase spread fee of 0.5% on trades.
Coinbase Pro has lower fees, starting at 0.5%, then decreasing by 0.02% based on your 30-day trading volume.
Deposit/withdrawal fees range from 0% to 3.99% based on the payment method used.
Other top features include Coinbase Learn to learn and earn crypto, Coinbase wallet app to take control of your private keys, iOS & Android crypto trading apps to trade on the go, and a Coinbase Visa Card to spend your fiat and crypto balance and earn up to 4% cash back in crypto rewards.
11. Netcoins
Founded in 2014, Netcoins is one of the best crypto trading platforms in Canada, owned by BIGG Digital Assets, a FINTRAC-registered MSB that is publicly traded on the CSE exchange.
Netcoins doesn’t offer advanced trading features and charting tools. Thus, it’s great for beginners looking to trade crypto on a simple interface with a single click.
Once you create and verify your account following KYC requirements, you can fund your wallet with USD or CAD via Interac e-Transfer, Bank wire, online bill payment, or crypto deposits from an external wallet. You can also buy crypto with a credit card at a premium fee.
Netcoins supports about 10 cryptocurrencies, including Bitcoin, Ethereum, USDC, Avalanche, Algorand, EOS, Stellar, Litecoin, Bitcoin Cash, and Ethereum Classic.
You pay a flat fee of 0.50% on trades, and there are no deposit/withdrawal fees for fiat. Crypto deposits are free, but you’ll incur varying withdrawal fees depending on the coin.
If you create a Netcoins account and trade $100 worth of crypto, you get a $25 sign-up bonus.
12. MogoCrypto
MogoCrypto is one of the best crypto brokerage platforms for beginners seeking an easy and simple way to buy Bitcoin.
It’s operated by Mogo Inc., a FINTRAC-registered and regulated fintech company that is publicly traded on the TSX and NASDAQ exchanges.
The platform has over 1.6 Canadian users and allows them to buy and sell Bitcoin.
However, it is not an exchange by itself but partners with Coinsquare to facilitate Bitcoin trading.
Once you create an account, you can fund it via Interac e-Transfer and start trading within minutes. MogoCrypto doesn’t support crypto deposits, and digital assets cannot be transferred to external crypto wallets.
You’ll pay trading fees of 1% on Mogo crypto, in addition to Coinsquare fees. The whole transaction cost is displayed on your account before you complete a trade.
Other financial services offered include personal loans, mortgage loans, prepaid debit cards, and access to free credit scores.
13. Kraken
Kraken is a US-based crypto exchange that was launched in 2013. It is available in 185+ countries, including Canada, and is one of the best crypto trading platforms for beginners and Pros alike.
Kraken supports spot trading via Kraken Instant Buy, crypto staking, and margin/futures trading with 5x leverage on Kraken Pro, making it one of the best crypto trading platforms for leverage trading.
It also offers OTC crypto services for high-volume traders, and Kraken Learn with lots of resources to increase your cryptocurrency knowledge.
Once you sign up following KYC requirements, you can load funds into your Kraken wallet via Fedwire, Etana Custody, Silver Exchange Network (SEN), SWIFT, and debit/credit card purchases.
Users can trade 50+ cryptocurrencies on the platform, with about 6 fiat currencies supported, including USD, EUR, CAD, JPY, GBP, and CHF.
Instant Buy fees range from 0.5% to 3.5%, depending on the funding method used.
The fee is lower on Kraken Pro, with maker fees ranging from 0% to 0.16% and taker fees from 0.1% to 0.26% based on your 30-day trading volume.
14. VirgoCX
VirgoCX is among the best platforms for day trading crypto in Canada.
It was founded in 2018 and is a FINTRAC-registered and regulated MSB that offers commission-free trading.
To get started, you’ll need to sign up and verify your account, then fund your wallet with CAD or USD via Interac e-Transfer, wire transfer, or crypto deposits.
VirgoCX offers two trading platforms: Quick Trade, where newbies can trade with a single click, and Advanced Trade, where pros can access trade charts and different order types to automate their trades.
Users can trade 50+ cryptocurrencies on ViroCX, including Bitcoin, Ethereum, Litecoin, EOS, Stellar, Curve, Polkadot, Uniswap, Dogecoin, Bitcoin Cash, Cardano, and more.
Other services include NFTs brokerage services, OTC trading, and Foreign exchange transactions.
There are no trading fees or deposit/withdrawal fees, but you’ll incur an in-build spread fee of 0.50% applied on the bid-ask price.
15. Bitvo
Bitvo is among the best crypto trading apps in Canada, focused on making crypto available to all Canadians.
It was founded in 2018 by a team of banking and security experts who leverage their industry knowledge and experience to offer a secure, transparent, and low-cost crypto exchange.
The platform offers a simple sign-up process, and once your account is set up and verified, you can fund your wallet using Interac e-Transfer, wire transfer, Canada Post Load, and crypto from an external wallet, all with an instant or same-day processing guarantee.
Bitvo supports about 10 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Cardano, Litecoin, Dash, Dogecoin, USD Coin, and Uniswap.
The platform offers commission-free trading with competitive spreads and free deposits.
You only pay a 1% withdrawal fee, with a minimum of $15.
There is also a Bitvo Cash Card that allows you to spend your crypto anywhere Visa or Plus is accepted and withdraw cash in over 2 million ATMs worldwide without the need to withdraw fiat or crypto holdings to a bank account.
Other services include 24/7 customer support via live chat, phone and email, and crypto resources, including technical tools, weekly trading reports, and trading education.
16. OKX
OKX is a Seychelles-based crypto exchange founded in 2017.
It has more than 20 million users in 200+ countries, including Canada, and is one of the best crypto trading platforms for beginners and experienced traders.
It offers multiple trading interfaces for newbies, advanced traders, and institutional traders, including OKX Convert, Basic Trading, and Margin, futures, and options trading, hence one of the best crypto trading platforms for leverage trading.
To get started, you need to sign up and verify your account following KYC requirements, and once in, you can buy crypto via bank transfer, debit/credit card purchases, PayPal, Apple Pay, and Google Play.
Users can trade over 300+ crypto tokens on the platform and easily convert 30+ fiat currencies into crypto.
Other top features include crypto staking and savings, crypto-backed loans, margin borrowing, NFTs, Flash Deals, and DeFi.
It also offers its own utility token, OKB, which is used to offer discounted trading fees.
Trading fees start at 0.1% and decrease based on your trading volume and OKB token stake.
There is also the OKX app, one of the best crypto trading apps that allows you to trade and monitor your account on the go.
17. Gemini
Gemini is a New York-based crypto exchange and digital assets custodian that was founded in 2014.
Gemini is reputed for its top security features and compliance and is the first crypto exchange that is SOC 2-certified.
It’s one of the best crypto trading platforms for beginners and experienced traders, offering a simple and easy way to research and buy crypto.
The standard Gemini platform offers an attractive interface where newbies can access all the tools they need to understand the market and start investing, while the Active Trader Platform offers advanced charting tools and multiple order types for experienced trades.
To join the platform, you’ll need to sign up for an account and verify your identity following the platform’s KYC requirements.
Then fund your account via ACH bank transfer, wire transfer, or crypto deposits from an external wallet.
Gemini supports 70+ cryptocurrencies.
Fees on the standard Gemini platform can be high and complex, going up to $2.99 for crypto purchases of $50-$200, and up to 1.499% for trades of $200 and above.
Maker fees on the Active Trader Platform start at 0.10% and decrease to 0%, while taker fees start at 0.35% and decrease to 0.03% based on your 30-day trading volume.
Other top features on Gemini include NFTs trading on Nifty Gateway, Gemini Credit Card, Gemini Custody, Gemini Earn, Gemini Wallet, Gemini Pay, Gemini Dollars (GUSD), and Gemini Clearing.
Gemini also offers one of the best crypto trading apps to trade and manage your wallet on the go.
18. KuCoin
Based in Seychelles, KuCoin puts itself forward as the largest social trading platform, where you can interact with 10 million+ global investors, and 20+ global communities in more than 200+ countries.
It was founded in 2017 and has grown to become a one-stop crypto hub.
KuCoin is also among the best trading platforms for leverage and a great place to trade low-cap, lesser-known cryptocurrencies, some of which may not be found on other exchanges.
Top features include Spot Trading, margin & futures trading, Trading Bot, P2P exchange that supports 20+ payment options, crypto staking & lending to earn rewards, and KuCoin Spotlight for Initial Exchange Offerings (IEOS).
It also offers its own utility token, KCS, which you can use to pay trading fees and receive a 20% discount on your trading fees.
To get the most out of your KuCoin account, you’ll need to complete a KYC account verification.
You can buy crypto via bank transfer, credit/debit card, Apple Pay, and Third-parties like Banxa, Simplex, and BTCDirect.
KuCoin supports 500+ cryptocurrencies. Maker fees start at 0.1% and decrease to 0.01%, while taker fees start at 0.1% and decrease to0.03% based on your 30-day trading volume and KCS stake.
19. Coinsquare
Coinsquare is one of the best Canadian crypto exchanges based in Toronto.
It was founded in 2014 and offers user-friendly desktop and mobile trading interfaces to accommodate both beginners and experienced traders.
The platform follows KYC rules, and you will need to provide your ID and proof of address to create an account and start trading on the platform.
Once your account is set up, you can add funds to your wallet via Interac e-Transfer, wire transfer, and crypto deposits.
Coinsquare supports 10+ crypto coins, including Bitcoin, Ethereum, Bitcoin Cash, DASH, Bitcoin SV, Ethereum Classic, Ripple, Stellar Lumens, Litecoin, and Dogecoin.
It also offers an OTC desk for large volume trades and a dedicated account management service via Coinsquare Wealth.
Coinsquare fees are competitive, but they vary depending on the platform you are using.
The Quick Trade platform offers instant trades, and fees stand at 0.2% on single trades and 0.40% on double trades.
Bit Market offers advanced trading tools and multiple order types, and users a maker-taker fee structure. Maker fees stand at 0.1% while taker fees stand at 0.2%.
Deposits are free, but there is a fiat withdrawal fee of 2%. Crypto withdrawal fees vary by coin.
How To Choose The Best Crypto Exchange in Canada
Several factors come into play when choosing the best Canadian crypto exchange, including:
- Supported cryptocurrencies
- Trading fees charged
- Deposit/withdrawal fee you’ll incur
- Security and insurance protection
- Availability of charting tools and advanced order types
- Other crypto services like staking and access to leverage.
Conclusion
Sift the crypto exchanges on our list based on the criteria above and choose the one that fits your crypto investment needs.
You’ll come out ahead if you settle for a crypto exchange that charges lower trading fees and little to no deposit/withdrawal fees.
You can also view other top Canadian crypto exchanges and platforms here.
