10 Best Crypto Exchanges Canada 2022

Where to buy/sell Bitcoin & cryptocurrency. Compare fees. Read the reviews.

Best Overall

Newton

Newton
⭐⭐⭐⭐⭐

  • Low Spread Fee
  • 60+ Altcoins

Easiest to Use

Shakepay

Shakepay
⭐⭐⭐⭐⭐

  • App works great
  • No fee withdraws

Lowest Fees

NDAX

NDAX
⭐⭐⭐⭐⭐

  • Good for traders
  • Low spread fee

Most Features

Kraken
⭐⭐⭐⭐⭐

  • Oldest exchange
  • Crypto trade pairs

Reader Favorite

wealthsimple

Wealthsimple
⭐⭐⭐⭐⭐

  • Stocks & Crypto
  • Easy to use
Affiliate Disclaimer – we earn from qualifying purchases.
Author
Craig Leontowicz
Updated: March 19, 2022

Find a crypto exchange in Canada. These platforms exchange Canadian dollars for Bitcoin, Ethereum, or other altcoins. Easily compare features, fees, funding, and withdrawal options. Choose the best exchange for your needs. *Prices and fees are subject to change. Not sure how to buy and hold Bitcoin? Read: How To Buy Bitcoin 101.

This Week’s Best Sign-up Bonuses and Referral Codes

Top Canadian Cryptocurrency Exchanges

  1. Newton – Recommended for beginners. Low fees, easy to use, and lots of altcoins to buy and sell. Some users report signing up and the verification process can take time.

  2. Shakepay – Recommend for beginners. Easily buy and sell Bitcoin or Ethereum only. Set up limit buys / sells or recurring bitcoin purchases.

  3. NDAX – Recommended for buying and selling larger amounts. Buy Bitcoin with USDT or USDC trade pair.

  4. Kraken – Recommend for larger trades. One of the largest and oldest Bitcoin exchanges in the world. Lots of cryptos to crypto trade pairs to trade.

  5. Wealthsimple – Simple to use. Higher fees. Trade stocks and crypto in the same app.

  6. Netcoins – Netcoins is the first publicly owned crypto trading platform in Canada. Buy Bitcoin with US dollars from your Canadian bank account.

  7. Bitbuy – Join the only Regulated Cryptocurrency Marketplace in Canada. Low fees & top security at Bitbuy® when you buy Bitcoin, Ethereum & more.

  8. VirgoCX – Buy Bitcoin, Ethereum and other Cryptocurrencies with competitive pricing, commission-free trading, convenient funding options, and 24/7 live support.

  9. Crypto.com – Recommended for traders and altcoin lovers. Securely buy, sell, and manage 200+ top coins. Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stable coins. Apply for a Crypto.com Visa Card.

  10. Coinsmart – Trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash as easily as Altcoins like Solana, Stellar, Cardano and EOS with CoinSmart.

Compare

Exchange

Fees / Spread

Funding Options

Available Coins

Notes

Newton

~0.5% spread
Check Prices

Interac e-Transfer, wire transfers, pre-authorized debit

Bitcoin, Ethereum, Litecoin, Ripple, DOGE, Tether, Bitcoin Cash, Stellar Lumens, USD Coin, and QCAD

Get $25 Sign Up Bonus
👍 Recommended for Beginners

Shakepay Website

~1% – 2% spread

Check Prices

Interac e-Transfer, wire transfers

Bitcoin, Ethereum

Get $30 Sign Up Bonus
👍 Recommended for Beginners

Learn how to earn free BTC with Shakepay

ndax

Interac e-Transfer, wire transfers, bank draft

Bitcoin, Ethereum, Litecoin, XRP, EOS, Stellar, DOGE, Cardano, Tether, Chainlink, DOT

Get $10 Sign Up Bonus
Fast and easy signup.

crytpo.com

Interac e-Transfer, bank Transfers

Bitcoin, Ethereum, 100+ more coins

Get $25 USD
*when staking CRO


Kraken Website

Wire transfer, In-person (Canada Post), Etana Custody

Bitcoin, Ethereum, 50+ more coins50+ more coins

Crypto to crypto trading pairs

crytpo.com

0.6%
Minimum $5 Fee

Interac e-Transfer

Stablecoins -CADC, DAI, USDC, BUSD, USDT

OTC desk with a minimum of $25k per transaction

netcoins

~0.5% spread

Check Fees

Interac e-Transfer, online bill payment, bank wire transfer

Bitcoin, Ethereum, Tether, Litecoin, XRP, Bitcoin Cash, QCAD

Fund with USD

Interac e-Transfer, Wire Transfer

BTC, BCH, ETH, LTC, XRP, XLM, EOS, AAVE, LINK

Canadian Crypto Exchange Overview

Shakepay

Overall Rating
⭐⭐⭐⭐⭐

1. Shakepay

Get a $30 Sign Up Bonus

Recommend for beginners. Biggest exchange in terms of users. Easily buy and sell Bitcoin or Ethereum only. Set up limit buys / sells or recurring bitcoin purchases. Learn how to earn free BTC with ‘Shakepay Shaking Sats.

Fees
~1 to 2% spread
Free to withdraw crypto

Funding
Interac E-Transfer
Wire Transfer

Coins Available
Bitcoin, Ethereum

Newton

Overall Rating
⭐⭐⭐⭐⭐

2. Newton

Get $25 Sign Up Bonus

Recommended for beginners. Low fees, easy to use, and lots of altcoins to buy and sell. Some users report signing up and the verification process can take time.

Fees
~0.6% spread
Crypto withdraw: free up to $5

Funding
Interac E-Transfer
Wire Transfer
Bank Transfers (Plaid)

Coins Available
Bitcoin, 50+ Altcoins

NDAX

Overall Rating
⭐⭐⭐⭐⭐

3. NDAX

Get $10 Sign Up Bonus

Recommended for buying and selling larger amounts. Buy Bitcoin with USDT or USDC trade pair.

Fees
0.2% spread
Crypto withdraw: 0.000399 BTC ($25)

Funding
Interac e-Transfer (Deposit only)
Wire transfers
Bank Draft

Coins Available
Bitcoin, 16+ Altcoins / trade pairs

Kraken

Overall Rating
⭐⭐⭐⭐⭐

4. Kraken

Recommend for larger trades. One of the largest and oldest Bitcoin exchanges in the world. Lots of cryptos to crypto trade pairs to trade. Stake ETH, DOT, and more.

Fees
1.5% Deposit
0 to 0.26% per trade
Crypto withdraw – —

Funding
Interac E-Transfer
Bank Transfer
Wire Transfer

Coins Available
Bitcoin, Ethereum, 50+ Altcoins

Overall Rating
⭐⭐⭐⭐⭐

5. Crypto.com

Get $25 USD when staking CRO

Recommended for traders and altcoin lovers. Securely buy, sell, and manage 200+ top coins. Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stable coins. Apply for a Crypto.com Visa Card and enjoy up to 8% back on spending, paid in CRO.

Fees
· 0.04% to 0.4% maker fees
· 0.1% to 0.4% taker fees

Funding
Interac e-Transfer
Bank Transfers

Coins Available
Bitcoin, Ethereum, 200+ Altcoins

Netcoins

Overall Rating
⭐⭐⭐⭐⭐

6. Netcoins

Get $60 Sign Up Bonus

Netcoins is the first publicly owned crypto trading platform in Canada. Buy Bitcoin with UD dollars from your Canadian bank account.

Fees
~0.5% spread
Crypto withdraw: 0.00025 BTC ($15)

Funding
Interac E-Transfer
Wire Transfer
USD
Credit Card

Coins Available
Bitcoin, 8+ Altcoins

PayTrie

Overall Rating
⭐⭐⭐⭐⭐

7. PayTrie

PayTrie is a stable coin only exchange. PayTrie enables buying and selling of CADC, DAI, USDC, USDT, and BUSD. Non-custodial, send funds directly to your wallet.

Fee
0.6%
Minimum $5 Fee

Funding
Interac E-Transfer

Coins Available
Stablecoins only
ETH, Polygon & Binance chains

Wealthsimple Crypto

Overall Rating
⭐⭐⭐⭐⭐

8. Wealthsimple

Get Two Free Stocks (up to $25)

Simple to use. Higher fees. Trade stocks and crypto in the same app.

Fees
~1.5 to 2%

Funding
Bank Transfer
Crypto Only Deposits

Coins Available
Bitcoin, 25+ Altcoins

Exchanges for Beginners

Newton and Shakepay is what I recommend for friends buying their first Bitcoin in Canada.

It’s very easy to use for buying Bitcoin and Ethereum and other crypto on these exchanges for beginners.

Shakepay covers the withdrawal fee (Bitcoin Network) when sending to your own wallet. Creating and verifying an account is fast and easy.

Get $30 when you sign up using a referral code and make a deposit of $100. Unlock shaking sats and earn bitcoin daily. Accepts INTERAC e-Transfer for fast deposits.

This combination of factors is why I think Shakepay is a great first step for buying Bitcoin in Canada for beginners. Read More: Shakepay vs Newton

Once you have converted some fiat to crypto you can send it to your own wallet. Or send it to another exchange to trade for altcoins.

Don’t leave coins on the exchange. It is best practice to custody your coins in a wallet you have the seed phrase for.

Lowest Fee Exchange

NDAX followed by Newton has the lowest spread fees when exchanging Canadian dollars $ for crypto.

However, these exchanges will charge full or partial network fees (fluctuating) when withdrawing Bitcoin from the exchange to your wallet.

Shakepay has a larger spread on the dollar to crypto exchanges but covers the network fee on withdraws from the exchange.

So, it depends on the amount you are buying and the time (network fees), if you are transferring your coins to your wallet or trading for altcoins on a different exchange. You need to do the math in which exchange has the best rates for you at the time of purchase or trade.

Sign up for multiple exchanges and shop around for the best rates as they are always changing. Find the best exchange rates in Canada at Cryptolens. Shows Real-time rates after all fees.

Buy Bitcoin with Credit Card?

UPDATE: Netcoins – founded in 2014 is a crypto exchange based in Vancouver, Canada that has the option to buy Bitcoin and a few other cryptocurrencies with a credit card (Visa or Mastercard). Read More Here

Most credit card companies and/or banks block and do not allow buying Bitcoin and cryptocurrency with credit cards (Visa, Mastercard) in Canada. This includes prepaid gift cards.

For this reason, most people use INTERAC e-Transfer to fund accounts for small amounts for immediate transfer. Or wire transfer for larger deposits and withdraws.

Cryptocurrency exchanges will charge a 1-3% transaction fee for buying using a credit card on their platform.

Buy Bitcoin with Paypal?

Buying Bitcoin on the Paypal app is not available to Canadian customers.

Coinbase is the only crypto exchange that connects with PayPal. It only allows users to deposit money from Coinbase to Paypal. They do not accept it as a form of payment to buy Bitcoin as a Canadian at this time.

Reddit

/r/BitcoinCA – is the largest crypto subreddit for Canadians. Generally, it is focused on Bitcoin discussion but you can find lots of threads about which crypto exchange has what altcoin, how the customer service is, or how the different exchanges are working during peak times and reviews. Here are a few more subreddits about crypto.

Cash and Bitcoin ATMs

I haven’t used any of these options. Proceed carefully. It’s your responsibility to stay safe and educate yourself about the potential dangers of peer-to-peer trading.

The fees and spreads are significantly higher when buying anonymously with cash than compared to the exchanges on the above comparison table.

P2P Exchanges – Bisq, Paxful, Binance P2P.

Coinatmradar.com – Find a Bitcoin ATM near you.

LocalCryptos.com – Non-custodial crypto marketplace.

LocalBitcoins.com – Trade bitcoins person-to-person.

Minors and Under 18

You need to be 18+ to create an account on a cryptocurrency exchange in Canada to buy Bitcoin.

US Crypto Exchanges

Find platforms and exchanges in the United States to buy, sell and trade Bitcoin and altcoins.

Errors or corrections? Contact Us.