5 Best Bitcoin & Crypto Exchanges for Ontario

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There are 11 Registered Crypto Asset Trading Platforms in Ontario. The following crypto asset trading platforms have received exemptive relief to offer crypto products to investors in Ontario. (Source)

Bitbuy Fees

  • Interac e-Transfer Deposit: $0
  • Wire Transfer Deposit: $0
  • Interac e-Transfer Withdrawals: 1.5%
  • Wire Transfer Withdrawals: 1.5%
  • Spread: 0% – 1.5%
  • Crypto withdrawal: 0.00025 BTC (~$10)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Credit Card

Cryptocurrencies: 25+

Bitbuy Pros

  • Regulated and transparent
  • Express trade
  • Pro trade
  • Staking

Bitbuy Cons

  • Lots of KYC questions
  • Low liquidity
  • High deposit fees
  • No stop-loss orders

Get $20 Bitbuy Sign Up Bonus →

Read: Newton Review

Newton Fees

  • Deposits and withdrawals: $0
  • Spread: ~0.75% to 1.5%
  • Crypto withdrawal: Free up to $5 of network fees

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Bank Transfer
  • Connect your bank account with Plaid

Cryptocurrencies: 70+

Newton Pros

  • Low spread fee on trades.
  • Easy to use and nice design.
  • Lots of altcoins to trade and more are always being added.
  • Multi-network support

Newton Cons

  • Verifying an account when signing up can take time.
  • Can have difficulty at peak times.
  • Customer service can be overwhelmed and take time to respond or you need to post on the Newton subreddit to get help.

Get $25 Newton Sign Up Bonus →

VirgoCX Fees

  • Deposits and withdrawals: $0
  • Spread: 0.5% to 2.5% (Depends on asset)
  • Crypto withdrawal: Free

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Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Bill Payment
  • Credit/Debit Card

Cryptocurrencies: 60+

VirgoCX Pros

  • Market dashboard uses TradingVeiw charts
  • Fund/withdraw US Dollars (USD) with a Canadian bank account
  • OTC desk for large transactions over $30,000 CAD

VirgoCX Cons

  • Verification process for new accounts is difficult
  • Account password has a maximum of 15 characters

Get $20 VirgoCX Sign Up Bonus →

Wealthsimple Fees

  • Spread: ~1.5 to 2%

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Funding & Withdrawal Options

  • Link bank account

Cryptocurrencies: 49+

Wealthsimple Pros

  • Super easy to use
  • UI design
  • Staking

Wealthsimple Cons

  • High fees
  • No limit orders
  • Takes 3-5 days to transfer and settle funds

Get between $5 and $3,000 in cash →

CoinSmart Fees

  • Interac e-Tranfer Deposit: 0% for $2,000+, 1.5% for $100 – $1,999
  • Wire Transfer Deposit: 0%
  • Spread: ~0.2%
  • Crypto withdrawal: 0.00025 BTC (~$10)
  • Fiat withdrawal: 1% Fee ($15 Minimum)

Check Fees & Pricing

Funding & Withdrawal Options

  • Interac e-Transfer (Deposit only)
  • Wire Transfer

Cryptocurrencies: 16+

CoinSmart Pros

  • Desktop web app

CoinSmart Cons

  • High fees
  • Interac e-Transfer deposits only

Get $20 CoinSmart Sign Up Bonus →