With a large number of Cryptocurrency exchanges popping up these days, which should you be using? In Canada there are some really great options. When looking for the best Canadian exchanges, consider information such as location and available cryptocurrencies to make sure it has what you’re most interested in trading with.
Here below is our list of top 11 crypto exchanges in Canada which you can create account to buy and sell your Crypto.
Bitbuy is a leading cryptocurrency exchange in Canada best suited for Canadian residents and citizens (and only!). Founded in 2013 with a mission to provide a quick, safe and easy way to buy and sell bitcoin and other top cryptocurrencies, today Bitbuy is a fully regulated exchange with oversight from Canadian federal authorities. Its top features include the ability to trade six cryptocurrencies (BTC, ETH, LTC, BCH, XLM, and XRP) directly in the Canadian dollar and BTC based pairs, advanced trading platform, and OTC desk, and excellent customer support service.Source: cryptonews.com
This plaform support only Canadian users at this time. And they have App available on both Android and iOS, easy to use and convenient.
Coinberry is a Canadian cryptocurrency exchange that was developed in 2017 to make it easy for Canadians to purchase Bitcoin, Ethereum and Litecoin. They are based at 320 Davenport Rd Toronto.
Co-founders Andrei Poliakov and Evan Kuhn developed the exchange to reduce the learning curve for new people getting involved in cryptocurrency investing.
On Coinberry, cryptocurrencies can be purchased with a credit card or debit card, wire or Interac-Transfer, which is a service that allows you to transfer funds between personal and business accounts at participating Canadian banks and other financial institutions.
Over 250 total financial institutions use Interact, including all major banks in Canada. The partnership allows Coinberry to join 2,000 national merchants, like Indigo, Sony, Adidas, and Dell to make payments easier.
Coinberry recently became the first Canadian exchange to be join the list of exchanges on Ledger, a prominent hardware wallet company.Source: coinbureau.com
You can buy a wide range of cryptocurrencies and digital tokens on the Coinberry platform, including Bitcoin Cash, Ethereum Litecoin, Stellar Ripple (XRP), with just a few clicks.
It’s easy-to-use interface makes it one of my favorite Canadian cryptocurrency exchanges to trade on.
Coinberry is an excellent exchange where I’ve been able to purchase some great coins like bitcoin cash or litecoin for very good prices!
About NDAXSource: newswire.ca
Headquartered in Calgary, Alberta, NDAX has quickly grown to be one of the top Canadian cryptocurrency trading platforms. NDAX’s feature-rich trading platform has given Canadians a world-class trading experience, low fees, 24/7 customer support, a large portfolio of cryptocurrency and institutional-grade security.
NDAX is the newest Canadian cryptocurrency exchange, and it’s been making some big waves in Canada since its launch. One of their coolest features is a separate OTC trading desk for orders above $40,000!
If you are looking to invest your money without risking more than 40 grand on a single trade, NDAX offers an easy way to do just that with our secure platform.
You can fund accounts using Interac e-transfer or credit card deposit as well—but crypto transfers (like Bitcoin) might be best if you already have coins collected from previous trades!
Binance is a cryptocurrency exchange that was founded in 2017 (in China) and is based in Malta. It has operations in the U.S. and Singapore. According to CoinMarketCap, Binance is the largest crypto trading platform in the world both in terms of trading volume and weekly site visits.
Binance.US launched in September 2019 and is based in San Francisco.Source: thecollegeinvestor.com
Binance is one of the largest digital currency exchange markets which supports trading with more than 100 different coins including Bitcoin (BTC), Ethereum (ETH) Litecoin(LTC).
You don’t need to worry about transferring money either because they accept 20+ fiat currencies such as USD CAD EUR JPY GBP KRW INR HKD SGD MYR IDR RUB NZ$, etc.,
CoinSmart’s goal is to make cryptocurrency accessible to everyone by providing a reliable and secure experience on a user-friendly platform. While the platform is designed for beginners, it offers plenty of advanced options for experienced users and high volume traders.Source: wealthsimple.com
All of their exchanges are regulated and compliant as an MSB under FINTRAC. They offer the payment methods Interac eTransfer, bank draft, wire transfer, credit/debit card for easy trading.
You can also get same-day funding if you’re looking to trade in seconds!
Launched in 2016 by Duane Seamans who have been involved in the crypto industry since 2014. The exchange is focused on providing users with an easy and simple experience in buying and selling bitcoin.
MyBTC has integrated with many reputable companies to help facilitate and operate their operations. Some of these companies include the Canada Post, Interac and Flexipin.Source: coincompanion
MyBTC is one of the few exchanges that are based in Canada, which makes them an attractive choice for their local-based customer service. They also have a large range of payment options and competitive rates compared to other Canadian services like CoinSquare so they got on our list!
My BTC has been around since 2014 as one of the first cryptocurrency exchange in Canada and it’s still going strong today with over 300 000 users worldwide.
One thing My BTC offers people from all walks life is accessibility through its CAD deposits – you can even use Interac if your bank supports this method (although unfortunately not everyone does).
On top of being accessible, MyBtc enjoys lower fees than many competitors because Canadians love saving money when they trade crypto 🙂
Kraken has almost 60 coins and deals with seven fiat currencies. That’s not the biggest selection of digital currency you’ll find, but it’s comparable to some of the best cryptocurrency exchanges. And it’s a step up from many brokers that only offer a handful of well-known coins. Kraken also boasts a high liquidity, meaning it is easier to buy and sell at a fair price.
Kraken works using currency pairs and not all of its currencies are exchangeable for the others. What is a currency pair? Imagine you’re taking a vacation in Germany and you need to exchange your dollars for euros. That’s a currency pair. If you’re using dollars to buy Bitcoin or Bitcoin to buy Ethereum, you’re always swapping one currency for another.Source: Fool
Kraken is an innovative trading platform with advanced features like margin and futures. With a high level of stability, security, and liquidity you can feel confident in your trades on Kraken!
The recently redesigned version of the popular bitcoin exchange site offers more than just currency conversions; they also provide traders with advanced tools such as derivatives investments (futures) or leverage that make it possible to trade Bitcoin without having to buy them outright.
If these options don’t suit your needs then there are other cryptocurrency exchanges available for users who prefer simplified transactions-such as Poloniex’s instant deposit feature which does not require “verifying” one’s account before making deposits
Founded in San Francisco almost a decade ago, one of the world’s largest cryptocurrency exchanges became a public company in April and is now valued around $50 billion, which is what Hyundai is worth.
Coinbase reached those dizzying heights as demand for cryptocurrency skyrocketed, fuelled by thousands of stimulus dollars and endless hours under home quarantine. Bitcoin, the most popular digital currency, was worth less than $5,000 when Covid-19 hit America compared to nearly $50,000 a little over a year later.
Traders flocked to Coinbase because it made it easy to buy and sell cryptocurrency through easy-to-navigate tools and a slick design. (Except in Hawaii; residents of the Aloha state can’t sign up.) Despite its popularity, Coinbase’s fees can be extremely high, potentially greatly eating into any gains you may see.Source: Forbes
Coinbase is the world’s most popular cryptocurrency broker, and it offers a wide variety of cryptos to buy or sell.
While you can’t trade for altcoins on this platform, it does offer four coins that are mainstays in crypto investing: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin(LTC).
You won’t have any problems finding liquidity with these assets as they’re all extremely well-known.
If you want more privacy when trading your funds around don’t forget Coinbase also has GDAX which provides access to competitive pricing without having to provide an account number!
This brokerage only supports buying and selling cryptocurrencies – but what really sets them apart from their competitors is how many options
Overall, Shakepay is incredibly simple, fast, and easy to use for one thing: Buying Bitcoin or Ethereum.
The only con is they charge you a fee on the spread which can be anywhere from 1.2%-2.5%. But hey, they have to make money somehow and this fee is relatively small. Everything else is free and simple to use.Source: nowfuture
The Shakepay app is a great way to buy crypto coins in Canada. It’s easy, fast and there are fair fees!
The support team also seems to be very helpful if you have any questions or concerns about using the platform which makes it even better.
Bittrex’s main product offering is its spot trading platform, which allows for trading in three different crypto-based markets and a USD market, in which users can trade if their request to enable USD withdrawal and deposit functionality has been accepted.
Trading on Bittrex is only allowed once a user has passed verification – which only has one tier and consists of uploading a photo of an identifying document, alongside providing basic personal information.
The platform’s performance, specifically in the past year and a half has been improving: less orders who fail to execute and more systems uptime. Bittrex’s worst performance metric is its trading fees: in crypto-crypto pairs it is as high as 0.25%, a very high number when compared to the industry and its competitors.Source: cointelligence
Its Liquidity is fair in most pairs, and we are fairly convinced the reported volume is genuine and not manipulated by the exchange.
With $50 million USD in daily trading volume, Bittrex is one of the most reliable exchanges on the market. It has a 10th-place rank among all currency markets and can be trusted by traders from around the world to maintain their security, privacy, and integrity while managing transactions with crypto coins such as Bitcoin (BTC) or Ethereum (ETH).
Bittrex is ranked tenth out of over 150 cryptocurrency exchanges worldwide for its reliability. With an average day’s worth equaling about $50 million US dollars ($59M), it’s also considered safe because you’re guaranteed that your transaction will not disappear into thin air like some other platforms have been known to do if they lose too many customers due to low service quality.
Newton is a relatively new cryptocurrency exchange based out of Canada. The exchange is growing in popularity as it adds new coins and features on a regular basis. The user interface of Newton is crisp, and professional, leaving the user with an inherent feeling of trust and appreciation for Newton’s attention to detail. Creating a well refined user experience in the cryptocurrency domain is a very difficult thing to do. Making sure that money enters and exits the exchange smoothly is a difficult thing to do well. Newton has done the best that they can, and we’re happy to say that their best is better than most.Source: cryptovantage
The best thing about this platform is that it has no extra fees! Newton makes profit from the small “bid-ask spread” or the difference between buying and selling prices.
This means you can buy up to $500 worth of Bitcoin before trading becomes more expensive, unlike other platforms which charge a fee for each trade regardless of how much money you invest in your account.
Upon activation, your account automatically starts with an initial limit set at 500 CAD per day; as time goes on and we continue using our accounts successfully without any issues, these limits will gradually increase so that we have even more room to grow–just like everything else does over time!
We hope our in-depth list Top 11 crypto exchanges in Canada has helped you choose the best exchange for digital assets that is right for you to use. With so many exchanges available, it can be hard to know which one will meet your needs and those of your business.
We would highly recommend picking one exchange which works for you and sticking with it, this will make your life much easier and will help you keep a handle on your portfolio.
What do you think? Leave us a comment below!