10 Best Crypto Exchanges Canada 2022
Where to buy/sell Bitcoin & cryptocurrency. Compare fees. Read the reviews.
Best Overall
Newton
⭐⭐⭐⭐⭐
- Low Spread Fee
- 60+ Altcoins
Easiest to Use
Shakepay
⭐⭐⭐⭐⭐
- App works great
- No fee withdraws
Lowest Fees
NDAX
⭐⭐⭐⭐⭐
- Good for traders
- Low spread fee
Most Features
Kraken
⭐⭐⭐⭐⭐
- Oldest exchange
- Crypto trade pairs
Reader Favorite
Wealthsimple
⭐⭐⭐⭐⭐
- Stocks & Crypto
- Easy to use
Affiliate Disclaimer – we earn from qualifying purchases.
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.
Top Canadian Cryptocurrency Exchanges
- 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.
- Shakepay – Recommend for beginners. Easily buy and sell Bitcoin or Ethereum only. Set up limit buys / sells or recurring bitcoin purchases.
- NDAX – Recommended for buying and selling larger amounts. Buy Bitcoin with USDT or USDC trade pair.
- 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.
- Wealthsimple – Simple to use. Higher fees. Trade stocks and crypto in the same app.
- Netcoins – Netcoins is the first publicly owned crypto trading platform in Canada. Buy Bitcoin with US dollars from your Canadian bank account.
- Bitbuy – Join the only Regulated Cryptocurrency Marketplace in Canada. Low fees & top security at Bitbuy® when you buy Bitcoin, Ethereum & more.
- VirgoCX – Buy Bitcoin, Ethereum and other Cryptocurrencies with competitive pricing, commission-free trading, convenient funding options, and 24/7 live support.
- 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.
- 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 |
 | ~0.5% spread | 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 |
 | ~1% – 2% spread | Interac e-Transfer, wire transfers | Bitcoin, Ethereum | Get $30 Sign Up Bonus Learn how to earn free BTC with Shakepay |
 | ~0.2% | Interac e-Transfer, wire transfers, bank draft | Bitcoin, Ethereum, Litecoin, XRP, EOS, Stellar, DOGE, Cardano, Tether, Chainlink, DOT | Get $10 Sign Up Bonus |
 | Interac e-Transfer, bank Transfers | Bitcoin, Ethereum, 100+ more coins | Get $25 USD | |
 | ~0.2% - ~0.3% | Wire transfer, In-person (Canada Post), Etana Custody | Bitcoin, Ethereum, 50+ more coins50+ more coins | Crypto to crypto trading pairs |
 | 0.6% | Interac e-Transfer | Stablecoins -CADC, DAI, USDC, BUSD, USDT | OTC desk with a minimum of $25k per transaction |
 | ~0.5% spread | Interac e-Transfer, online bill payment, bank wire transfer | Bitcoin, Ethereum, Tether, Litecoin, XRP, Bitcoin Cash, QCAD | Fund with USD |
 | 0.20% | Interac e-Transfer, Wire Transfer | BTC, BCH, ETH, LTC, XRP, XLM, EOS, AAVE, LINK |
Canadian Crypto Exchange Overview
Overall Rating
⭐⭐⭐⭐⭐
1. Shakepay
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
Overall Rating
⭐⭐⭐⭐⭐
2. 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.
Fees
~0.6% spread
Crypto withdraw: free up to $5
Funding
Interac E-Transfer
Wire Transfer
Bank Transfers (Plaid)
Coins Available
Bitcoin, 50+ Altcoins
Overall Rating
⭐⭐⭐⭐⭐
3. NDAX
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
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
Overall Rating
⭐⭐⭐⭐⭐
6. Netcoins
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
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
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.
/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.