Best Crypto Exchanges Canada

One of the many reasons Wealthsimple is considered one of the best Canadian crypto exchanges is how secure it is. All coins at Wealthsimple are held by Gemini Trust Company LLC - one of the largest regulated crypto custodians and insured for $200 million on assets in cold storage. Not only this, but your assets are also protected by Coincover to insure against theft. Wealthsimple also follows best practices for storing data by encrypting all financial information, utilizing 2FA protection for accounts, and offering a bug bounty for white-hat hackers to find and resolve security flaws.

There are currently 57 cryptocurrencies available on Wealthsimple, from mainstays like BTC and ETH to popular DeFi tokens like UNI and SUSHI, and gaming tokens like MANA and SAND.

Yes - the Wealthsimple app is available free on Google Play and iOS for those who want to check their portfolio on the go.

Wealthsimple is quite unique in that they earn no revenue from investors trading crypto on their platform - so they don't charge commission fees or deposit and withdrawal fees. Instead, Wealthsimple charges a simple 1.5% - 2% operations fee per transaction to cover third-party custodian expenses for Gemini. If you're staking on Wealthsimple - for example staking Solana (SOL) - the fee is a flat 30%.

There is no minimum deposit with Wealthsimple, so you can invest as little or as much as you want. For withdrawals, cryptocurrency accounts have a $25,000 daily withdrawal limit.

Yes, Wealthsimple has KYC for individual investors and KYB for business clients. You'll need to upload documents verifying your identity to use Wealthsimple.

Worried about whether your crypto is safe on Bitbuy? Don't be. Bitbuy is a highly compliant and transparent crypto exchange. 95% of user funds are kept offline in cold storage, and transaction data is live-monitored for patterns to pick up red-flag activities early. Bitbuy account security is also strong - you can opt for 2FA via Google Authenticator or Authy.

Bitbuy supports 24 cryptocurrencies - mainly focusing on the most popular coins like BTC, ETH, SOL, and ADA.

Yes, Bitbuy has a mobile app available on Google Play and iOS to download for free.

Bitbuy offers express and pro trades - each with a different fee structure. Pro trades are cheaper at an average of 0.1% maker and 0.2% taker fee. For express trades, the fees are slightly higher and will depend on the cryptocurrency you're buying, selling, or trading.

Bitbuy has a minimum deposit of $50 for most payment methods and a maximum withdrawal limit of between $5,000 and $10,000 every 24 hours for fiat currency depending on your withdrawal method. You'll also pay between a 0.5% and 1.5% deposit and withdrawal fee depending on your payment method.

Yes, because Bitbuy is registered with FINTRAC they must have KYC verification processes to legally operate in Canada - so you'll need proof of identity to use Bitbuy.

Worried about whether your crypto is safe on Crypto.com? Don't be. Crypto.com employs robust security measures, including multi-factor authentication, withdrawal protection, and compliance with top industry standards. User funds are held offline in cold storage, while transaction data is continuously monitored for suspicious activities. Additionally, Crypto.com maintains an extensive insurance policy to protect against potential losses due to security breaches.

Crypto.com supports over 300 cryptocurrencies, catering to a wide range of investors with options like BTC, ETH, DOGE, and many more.

Yes, Crypto.com offers a mobile app available on both Google Play and the Apple App Store.

Crypto.com uses a tiered maker/taker fee structure based on your 30-day trading volume, with maximum fees at 0.75%. Users can enjoy further discounts by holding and staking CRO.

Yes. Minimum deposits and maximum withdrawals vary depending on your payment method.

Crypto.com is registered with FINTRAC in Canada and collects user data through KYC verification. As such, the exchange may be requested to share information with relevant authorities in order to ensure tax compliance.Yes, because Bitbuy is registered with FINTRAC they must have KYC verification processes to legally operate in Canada - so you'll need proof of identity to use Bitbuy.

Security is a top priority for any of the best crypto exchanges in Canada. VirgoCX is approved as a restricted dealer by the Canadian Securities Administrators (CSA) and registered with FINTRAC as a Money Service Business (MSB) - so they're highly compliant with the storage and use of user funds. All fiat assets are held with a trusted banking partner in Canada, separate from VirgoCX operational funds. User crypto assets are stored offline with Coinbase Custody, a qualified and reputable crypto custodian. VirgoCX is regularly audited for security by trusted third-parties and assets are insured by both Coinbase Custody and Coincover.

VirgoCX supports more than 60 cryptocurrencies including fan favorites like Bitcoin, Ethereum, and Dogecoin.

Yes, VirgoCX has an app available on Android and iOS.

VirgoCX applies a trading spread between 0.4% to 0.95% depending on the bid and ask prices and the cryptocurrency involved.

It's free to deposit CAD via interac e-transfer and wire transfer, although the latter has a minimum deposit of $3,000. You can withdraw a maximum of $10,000 daily via Interac e-transfer, or enjoy unlimited withdrawals via wire transfer. All fiat deposits and withdrawals are free.

Yes - as a FINTRAC and CSA registered exchange, VirgoCX has KYC identification in place. It usually takes between 1 to 2 days to verify.

Yes - NDAX makes account security a priority. The majority of user funds are held offline in a multi-signature wallet with Ledger Vault. As well as this, user fiat is segregated from NDAX operating capital in a dedicated Canadian Crown-owned financial institution bank account - so you never have to worry about your funds in the event of insolvency. NDAX accounts have mandatory 2FA for deposits and withdrawals, as well as email notifications for logins.

There are 33 cryptocurrencies on NDAX - with the usual contenders like Bitcoin, Ethereum, and Cardano, as well as popular altcoins like ALGO, COMP, and UNI.

Yes - the NDAX app is available on Play and iOS App Store.

NDAX attracts investors with a low, flat 0.2% buy and sell fee. There are no deposit fees and the withdrawal fee is a flat rate of  $4.99 regardless of your payment method.

There are no minimum deposits or maximum withdrawals on NDAX and all payment methods take a maximum of 1 business day to process.

Yes, as part of their Anti Money Laundering policy and FINTRAC agreement - NDAX has a KYC identification procedure. NDAX state in most instances verification is instant.

Newton exchange prides itself on transparency and security. The exchange is partnered with Coinbase to provide institutional-grade storage for all customer assets, so it should come as no surprise that customer assets are held offline, in distributed locations. Newton also supports 2FA for accounts via Authy Push Authentication.

Newton has one of the best selections of cryptocurrencies for Canadian investors with more than 70 cryptocurrencies available. You'll find all the popular coins you'd expect, as well as some DeFi favorites like MKR, YFI, CRV, and SNX.

Yes, Newton supports iOS and Android.

Newton opts for the spread fee structure. The exact spread fee you'll pay depends on the cryptocurrency you're buying or selling but you can expect 1% to 2% on average.

There are no deposit fees on Newton and they'll cover the first $5 in network fees for withdrawals, so withdrawals are often free of charge too. Depending on your payment method, the maximum withdrawal is $50,000 a week - excluding wire transfers.

Yes, Newton must conduct identity verifications for all users as part of its agreement with FINTRAC. Automated verification is almost instant, only taking a couple of minutes to complete. Some users may need to use manual verification if they're unable to complete automated verification.

Shakepay stores the majority of digital assets offline in cold storage, with a regulated custodian who holds SOC 1 Type II and SOC 2 Type II certifications. As well as this, all assets in cold storage are insured for damage, theft, and loss of private keys. Shakepay is incredibly transparent when it comes to the way they operate - anyone can read their proof of reserves and security report showing they store customer funds and assets separate from Shakepay operational funds.  For account security, all accounts have SMS 2FA as standard and Shakepay recommends upgrading to TOTP 2FA, for withdrawals you can opt-in for email confirmations and the Shakepay app also supports biometric unlock.

Shakepay only supports two cryptocurrencies - Bitcoin and Ethereum.

Yes - Shakepay has a mobile app on Android and iOS, that supports biometric unlock for added security.

Shakepay is commission-free, instead, they make money by setting their own BTC and ETH prices. You can see the current price on the buy & sell page in Shakepay.

There are no fees related to CAD deposits or withdrawals on Shakepay, but there is a $5 minimum deposit and you can only withdraw a maximum of $10,000 per transaction for inter e-transfers.

Yes - Shakepay has KYC because it is regulated by FINTRAC and Revenu Quebec.

MyBTC.ca is a secure and FINTRAC-regulated exchange that benefits from a non-custodial model. This means the exchange doesn't hold your assets in its own digital wallet - so MyBTC.ca is a far less appealing target for hackers than most exchanges. Your BTC goes directly to your private wallet or directly to the private wallet you're selling to.

MyBTC.ca only supports Bitcoin - but it is one of the best Canadian crypto exchanges for Bitcoin investors.

No, there is no MyBTC.ca app.

The fees you'll pay on MyBTC.ca all depend on your purchase method - but they're high, up to 9.75%, while selling fees are between $5 to $50 depending on your payment method.

Minimum deposit amounts depend on your payment method, but excluding bank wire, the minimum deposit is between $20 to $75. The maximum withdrawal also depends on your payment method and is between $2,500 to $100,000.

Yes. MyBTC.ca has KYC, as required by FINTRAC.

Netcoins follows industry best practices when it comes to security - including 2FA for accounts via Google Authenticator and Authy and Netcoins is BitBank verified and FINTRAC registered. Despite this, Netcoins was subject to a relatively small hack in 2022.

There are 36 cryptocurrencies on Netcoins, including popular coins like BTC, ETH, and USDC and smaller altcoins like APE and GALA.

Yes - Netcoins is available on Android and iOS.

Netcoins has a flat 0.5% trade fee, but no deposit or withdrawal fees for fiat.

Netcoins has no funding fees and free cash withdrawals, with a minimum deposit of $10.

Yes - Netcoins has KYC like all of the best crypto exchanges in Canada do. Netcoins offers automated KYC processes in most instances which will verify users in minutes.

CoinSmart has now been acquired by Bitbuy and is no longer accepting new users.

Coinberry has been acquired by Bitbuy and is no longer accepting new users.