Our Top Picks | Why We Picked It | Website |
|---|---|---|
 1.Shakepay | ||
 2. Newton | ||
 3. NDAX |
What We Looked For
Choosing the right cryptocurrency exchange is important, but it can take forever. There are dozens of exchanges in Canada and 600+ worldwide according to CoinMarketCap. That's why here at RankFi, we've reviewed over 50 exchanges total and 20 Canadian exchanges so you can find the best choice. Here is an overview of our top picks for beginners:
The best beginner crypto exchanges will have easy account opening, low fees, a good user interface and easy deposit/withdrawals from a Canadian bank account. However we looked at many other variables as well like:
- Security & Reputation
- Fees & Liquidity
- Coin Selection
- Features & Trading Tools
- Deposit & Withdrawal Options
- And More
Best Beginner Crypto Exchanges
#1
NDAX
39
Coins
0.20%
Trading Fee
0.41%
All-In Fee
NDAX is one of the best crypto exchanges in Canada and it also happens to be beginner-friendly. While it has a trading fee of 0.20%, it's still the cheapest platform on this list with it's all-in fee. NDAX offers beginner and advanced trading features, staking, and recurring purchases.
#2
Shakepay
2
Coins
0% (Spread)
Trading Fee
1.29%
All-In Fee
Shakepay is easily one Canada's best beginner crypto brokers. Even if it's your first time buying digital assets, Shakepay is one of the easiest places to buy and sell Bitcoin and Ethereum. It has quick registration and offers deposits via Interac e-Transfer and wire transfer.
You can also set up recurring purchases if you want to dollar cost average. When it comes to fees, Shakepay makes money on the spread and everything else is free. Deposits, withdrawals, crypto withdrawals and trading fees are all free. You can compare spread fees here.
#3
Newton
70+
Coins
0% (Spread)
Trading Fee
1.19%
All-In Fee
Newton is another crypto brokerage that is simple to use. Canadians can quickly deposit $CAD and purchase over 70 cryptocurrencies. It has a modern mobile app and website that is simple to use.
They offer a wider selection of cryptocurrencies than Shakepay. There are zero deposit, withdrawal and trading fees. However, keep in mind that Newton charges fees in the spread which can be hard to know how much you're paying.
Didn't Make The Cut
To make this post, we reviewed dozens of Canadian platforms. Most of them did not make the final cut because of high fees. However, you can review any of the platforms below if you want to learn more:
- Netcoins (good runner-up)
- Bitbuy (high fees)
- Crypto.com (high fees, difficult to use)
- Coinbase (high fees)
- Wealthsimple Crypto (high fees)
- Compare All Canadian Exchanges
Related Guides
Want more help navigating the crypto world? Here are some guides specific for Canadians:
