By Zac McClure, MBA · Reviewed by Arthur Teller, CPA
Why Trust Our Crypto Tax Experts
Our team of crypto tax experts has carefully selected the top crypto exchanges in Canada, designed to suit a range of trading styles and preferences.
Canadian traders need crypto exchanges that comply with local regulations while offering competitive features. Reliability, security, and diverse coin support are key factors for making a choice.
Whether you're an experienced trader or a newcomer, our recommendations will guide you to the best crypto exchange in Canada that fits your needs.
Top Crypto Exchanges in Canada
Bitbuy
Best Crypto Exchange in Canada for Security
Bitbuy is known for its strong security measures and offline cold storage of user funds. It has never been hacked, and its comprehensive insurance policy with BitGo provides added protection.
Pros
- High security with 95% of user funds kept offline
- Transparent and regulated exchange
- Insurance coverage for user assets
Cons
- Limited selection of cryptocurrencies
- Deposit and withdrawal fees vary
👉 Secure your crypto with Bitbuy
Coinbase
Best Canadian Crypto Exchange Overall
Coinbase offers access to over 150 tradable cryptocurrencies, making it an excellent choice for beginners and experienced traders alike.
Pros
- User-friendly interface
- Strong security features
- Easy staking options
Cons
- Relatively high fees
Wealthsimple
Best Crypto Exchange in Canada for Beginners
Wealthsimple offers a user-friendly platform for trading 57 cryptocurrencies, with a low entry barrier of just $1.
Pros
- Easy-to-use platform
- Robust security measures
- Low minimum investment
Cons
- Limited features for advanced traders
Other Notable Exchanges
Kraken
Best for Staking
Kraken serves over 9 million clients worldwide and offers staking rewards of up to 24% annually.
Newton
Best for Low Fees
Newton charges no commission fees and offers competitive spreads.
NDAX
Best for Asset Safety
NDAX prioritizes security, with the majority of assets held offline and protected by insurance policies.
FAQs
What is the Safest Crypto Exchange in Canada?
Bitbuy is the safest crypto exchange in Canada, thanks to its robust security measures and regulatory compliance.
Which Canadian Crypto Platform Has the Lowest Fees?
Newton offers the lowest fees, with no commission charges and competitive spreads.
What is the Best Crypto Exchange in Canada for Beginners?
Wealthsimple is our top pick for beginners, offering an easy-to-use platform and strong security features.
Final Verdict
Selecting the best Canadian crypto exchange depends on your individual needs. Coinbase is our top overall pick, while Bitbuy excels in security, and Newton offers low fees.
👉 Explore top crypto exchanges
Methodology
Our crypto tax professionals evaluated exchanges based on security, fees, features, and compliance to provide unbiased recommendations.
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