5 Best Platforms For Crypto Traders in Canada

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Honestly, had I been writing this post a few months ago — FTX would have been at the top of this list as my favorite exchange to trade on. Shows how much I know and how risky the crypto world is.

Since the FTX collapse, I now need a new exchange for trading crypto. I’ve compiled a list of centralized exchanges that are my current top favorites to lose money trading on. 🙂

Every dashboard screenshot is from my accounts on these exchanges. I have signed up, verified my account, and traded on all of these crypto exchanges.

If you are having trouble funding or withdrawing funds from the larger international exchanges because you are Canadian — I recommend using a Canadian-based crypto exchange to convert your $ CAD into crypto and then sending that crypto to one larger exchange to trade.


NDAX is the only Canadian-based crypto exchange on this list. They are based in Calgary, Alberta.

NDAX Trading view
NDAX Trading Dashboard


  • Deposits and withdrawals: $0
  • Spread: 0.2%
  • Crypto withdrawal: 0.000399 BTC (~$13)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer – Funding only
  • Bank Draft

Cryptocurrencies: 30+


  • Dark mode
  • Full exchange for traders
  • Low spread fee
  • Option to send coins on the Ethereum (ERC20) or the Binance Smart Chain (BEP20) networks
  • Staking – Earn staking rewards from your crypto


  • You can only make deposits with Interac E-transfer. Can’t withdraw $ CAD funds with Interac E-transfer.
  • Crypto withdrawal fee is high

Get $10 NDAX Sign Up Bonus →

2. Kraken Pro

Kraken Pro is an advanced cryptocurrency trading interface designed from the ground up for professional traders.

Kraken Pro
Kraken Pro

Read: Kraken Review

Kraken Fees

  • Fiat Deposits: 1.5%
  • Spread: 0 to 0.26% per trade
  • Crypto withdrawal: 0.00001 BTC

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer (Etana Custody)
  • In-person at Canada Post

Cryptocurrencies: 65+

Kraken Pros

  • One of the oldest exchanges in crypto
  • Full trade platform
  • Crypto to crypto trading pairs
  • 24/7 live chat support
  • Low spread fee

Kraken Cons

  • Complicated fee structure
  • Not as beginner-friendly
  • 1.5% deposit fee on fiat
  • High crypto withdrawal fee

Get $10 USD in BTC – Kraken Sign-Up Bonus when you use the app →

3. Coinbase Pro (Advanced)

Coinbase Advanced Trade
Coinbase Advanced Trade

Coinbase Fees

  • Deposits and withdrawals: 1.49% – 3.99%
  • Spread: 0.5%

Funding & Withdrawal Options

  • Interac eTransfer
  • Crypto
  • Wire Transfer
  • ACH Transfer

Cryptocurrencies: 100+

Coinbase Pros

  • Coinbase Pro for traders and lower fees
  • Easy to use for beginners
  • Coinbase Card

Coinbase Cons

  • Hard to fund/withdraw fiat in Canada
  • High fees
  • Complicated fee structure

Coinbase Sign Up →

4. Binance

Binance is not open to citizens of Ontario. But for the rest of us, we can trade BTC to USDT and other cryptocurrencies in the world’s largest cryptocurrency exchange.

Binance Trading
Binance Trading

UPDATE: Binance will no longer offer services to Canadians starting September 30, 2023.

Binance Fees

  • Deposits and withdrawals: $0
  • Spread: 0.1%
  • Crypto withdrawal: 0.0002 BTC (~$6)

Check Fees and Prices

Funding & Withdrawal Options

  • Crypto Only

Cryptocurrencies: 350+

Binance Pros

  • Largest selection of altcoins
  • Lowest fees
  • Advanced features for traders
  • Staking, P2P Trading, Loans

Binance Cons

  • Ontario users not allowed
  • Complicated because they offer so many services
  • Can only fund with crypto in Canada

Binance Referral

Deposit more than $50 and Receive 100 USDT cashback voucher.

5. Crypto.com

Crypto.com kind of hides the advanced exchange from new website visitors. Navigate to the footer of the website and click > Exchange Home in the Exchange menu.

Crypto.com Trading
Crypto.com Trading

Crypto.com Fees

  • Deposits: $0
  • Spread: ~0.4%, Stake CRO to lower trade fees
  • Crypto withdrawal fee: 0.0005 BTC (~$13)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac e-Transfer
  • Bank Transfers

Cryptocurrencies: 100+

Crypto.com Pros

  • Crypto.com Visa cards have fantastic benefits
  • App works great
  • Advanced tools for traders
  • Staking
  • Defi Wallet
  • Good customer service

Crypto.com Cons

  • Withdraw fees are on the higher side
  • Hard to find the desktop web app
  • The app, website, and wallet are all different things. Confusing for beginners.

Get $25 USD when staking CRO at Crypto.com.

Best Platforms for Crypto Traders

When choosing a platform for trading cryptocurrencies in Canada, here are some important factors to consider:

  1. Regulation: Ensure that the platform is regulated by a reputable financial authority, such as the Canadian Securities Administrators (CSA).
  2. Security: Look for platforms with strong security measures, such as two-factor authentication and secure storage for digital assets.
  3. Fees: Consider the fees for buying, selling, and trading cryptocurrencies, as these can vary significantly between platforms.
  4. User-friendly interface: Choose a platform with a user-friendly interface, which makes it easy to buy, sell, and trade cryptocurrencies.
  5. Cryptocurrency offerings: Check the platform offers a wide range of cryptocurrencies to trade, including the ones you are interested in.
  6. Customer support: Good customer support can be invaluable, especially if you run into any issues while trading. Choose a platform with responsive and knowledgeable support staff.
  7. Payment options: Make sure the platform accepts payment methods that are convenient for you, such as bank transfers, credit/debit cards, or e-wallets.

Remember to thoroughly research and compare several platforms before making a decision, and only invest what you can afford to lose. This list is what I am using and considering for trading. And I have been wrong lots before.

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