In this comprehensive guide, we’ll explore the top 9 cryptocurrency exchanges available to Canadian investors, evaluating them based on user experience, fees, customer support, and unique features. Whether you're a beginner or an advanced trader, you’ll find the perfect platform to buy, sell, and trade cryptocurrencies tailored to your needs.
Quick Look: The 9 Best Cryptocurrency Exchanges
| Exchange | Best For | Cryptocurrency Selection | Fees |
|---|---|---|---|
| Bitbuy | Beginner investors | 50+ cryptocurrencies | 0.5% - 1.85% |
| VirgoCX | OTC trades | 90+ cryptocurrencies | 0.95% - 1.6% |
| CoinSmart | Quick deposits | 15+ cryptocurrencies | 0.2% - 0.3% |
| Coinbase | Learn and earn | 200+ cryptocurrencies | 0.05% - 0.60% |
| Kraken | Advanced traders | 175+ cryptocurrencies | 0% - 0.40% |
| Wealthsimple | Robo-advised portfolios & stocks | 70+ cryptocurrencies | 0.5% - 2% |
| NDAX | Low fees | 40+ cryptocurrencies | 0.2% flat fee |
| Crypto.com | Cryptocurrency prepaid cards | 400+ cryptocurrencies | 0% - 0.5% |
| Newton | User experience | 70+ cryptocurrencies | 1.1% - 1.6% |
Detailed Exchange Reviews
1. Bitbuy
Bitbuy is a leading Canadian-based exchange, exclusively serving Canadian investors with CAD trading pairs. Known for its robust security and user-friendly interface, Bitbuy has never been hacked.
Fees: 0.5% - 1.85% (may reach 3.85% in certain cases).
👉 Discover Bitbuy’s security features
2. VirgoCX
Toronto-based VirgoCX offers 90+ cryptocurrencies with low fees and free CAD deposits/withdrawals, making it ideal for over-the-counter (OTC) trades.
Fees: 0.95% - 1.6% spread.
3. CoinSmart
A beginner-friendly platform with a streamlined setup process, CoinSmart supports quick deposits and trades 15+ cryptocurrencies.
Fees: 0.2% - 0.3%.
4. Coinbase
A global giant trusted by millions, Coinbase provides 200+ cryptocurrencies and educational "learn-and-earn" rewards.
Fees: 0.05% - 0.60%.
5. Kraken
One of the oldest exchanges, Kraken caters to advanced traders with low fees and sophisticated tools like futures and margin trading.
Fees: 0% - 0.40%.
6. Wealthsimple
Originally a robo-advisor, Wealthsimple expanded into crypto, offering 70+ assets alongside traditional investment options.
Fees: 0.5% - 2%.
7. NDAX
Calgary-based NDAX stands out for its flat 0.2% fee structure and staking rewards.
Fees: 0.2% flat fee.
👉 Explore NDAX’s low-fee trading
8. Crypto.com
Known for its prepaid Visa cards and 400+ cryptocurrencies, Crypto.com also offers staking and cashback rewards.
Fees: 0% - 0.5%.
9. Newton
Newton prioritizes user experience with a seamless interface and 70+ cryptocurrencies, though fees are slightly higher.
Fees: 1.1% - 1.6%.
How to Choose a Cryptocurrency Exchange in Canada
Consider these factors when selecting an exchange:
- Fees: Opt for low fees if you trade frequently.
- User Interface: Match the platform’s complexity to your skill level.
- Reputation: Verify the exchange’s trustworthiness via third-party reviews.
Decentralized Exchanges (DEXs) in Canada
For those seeking alternatives to centralized platforms, decentralized exchanges like Uniswap, Curve, and 1inch enable peer-to-peer trading without intermediaries. However, DEXs lack fiat support and customer service.
FAQ Section
How do I trade crypto in Canada?
Sign up with a regulated exchange, complete KYC verification, deposit CAD, and start trading.
What is the most popular crypto exchange in Canada?
Bitbuy and Coinbase are among the top choices due to their security and features.
Which Canadian exchange went bust?
In 2023, Binance and ByBit exited Canada due to regulatory challenges.
👉 Compare top exchanges side-by-side
This guide is updated for 2025, reflecting the latest fees, features, and regulatory changes.