🇨🇦 2022 Awards
This Year's Best Crypto Exchanges for Canadians
The Toughest Review In Canada
We conducted the largest independent review of Canadian cryptocurrency exchanges
18
Platforms Reviewed
1,050
Data Points
2nd
Annual Review
🇨🇦 The 2022 Winners
Here are the best places for Canadians to buy crypto:
🏆 1. Best Overall
 |
🏆 2nd Overall
 |
🏆 3rd Overall
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🏆 Best for Altcoins & Lowest Spreads
 |
🏆 Best for Altcoins (Ontario)
 |
Other Top Picks
 | Most Beginner-Friendly | |
 | Best Staking & Rewards | |
| Best for Professionals | |
| Trade Without ID |
Compare The Best
Header |  |  | | |  |
|---|---|---|---|---|---|
Ranking | 🏆 Best Overall | Lowest All-In Purchase Fee | Low All-Around Fees | Lowest Spreads & Most Features | No KYC & Best Binance Alternative |
Coins | 70+ | 30+ | 60+ | 600+ | 700+ |
Total BTC Purchase Fee with $CAD* | 0.69% | 0.49% | 0.66% | 1.60% | 2.82% |
BTC Spread** | 1.34% | 0.35% | 1.11% | 0% | 0% |
Trading Fee | 0% | 0.20% | 0% | 0.10% (or less) | 0.10% (or less) |
$CAD Wallet | Yes | Yes | Yes | No | No |
$CAD Funding Fee | Free | Free | Free | 1.80% | 3.00% |
BTC Withdrawal Fee | $5 off mining fees | 0.000399 BTC | Free | 0.0005 BTC | 0.0005 BTC |
Beginner Friendly | Yes | Yes | Yes | No | No |
Promotion | $25 free when you trade $100 | $10 free when you deposit $100 | $30 free when you deposit $100 | 10% off trading fees forever + up to $50 | 10% off trading fees |
Cell |
- *Total BTC Purchase Fee = CAD Deposit Fee + Trading Fee + Reference Price Difference for buying Bitcoin on Mar 2, 2022 (visit this page to see all the data used for this)
- **Prices & spreads were collected on Mar 2, 2022 at 4:41pm and are subject to change
FAQ
We opened accounts on 18 cryptocurrency exchanges and reviewed each one across 60 variables. For each platform we assessed:
- Fees & Spreads
- Deposit Methods
- Withdrawal Methods
- Security
- Features & Services
- Ease of Use
We published all of the data if you want to review and compare the platforms yourself.
If you only want to buy large coins, then one cryptocurrency exchange is usually enough. However, opening several accounts and wallets is common if you want more altcoins, features and tools to explore the crypto industry and its opportunities.
RankFi is independently owned and operated by a small team of crypto enthusiasts. We are not owned by any cryptocurrency exchanges or companies that can influence the rankings.
Last Year's Winners (2021)
In our first annual review, we assessed 11 cryptocurrency exchanges across 30 variables and 350 data points.
🏆 1st | Newton (Best Overall) | 7th | Coinbase (Earn Free Crypto) |
🥈 2nd | NDAX (Best Purchase Fees) | 8th | Netcoins |
🥉 3rd | Binance (Best for Altcoins) | 9th | Bitbuy |
4th | Shakepay (The Easiest) | 10th | Coinberry |
5th | Kraken (Best Reputation) | 11th | Coinsquare |
6th | Wealthsimple (Crypto in Your TFSA) | - | - |
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