Compare Canada's
Crypto Exchanges
Save hours of research. We signed up for every crypto exchange and brokerage so you don't have to.
🇨🇦 2023 Awards
This Year's Best Crypto Exchanges for Canadians
Canada's Toughest Review
We tested 25 platforms for our third annual review, versus 18 platforms in 2022.
25
Platforms Reviewed
1,050
Data Points
3rd
Annual Review
🇨🇦 2023 Winners
Here are the best places for Canadians to buy and sell crypto:
Best Overall
#1
NDAX
Best Runner Up
#2
VirgoCX
Best Altcoin Exchange
#3
MEXC
Fourth Place
#4
Newton
Compare The Winners
Header |  |  |  |  |
|---|---|---|---|---|
Ranking | Best Overall | Second Place | Best For Altcoins | Runner Up |
Coins | 30+ | 60+ | 1500+ | 70+ |
Total BTC Purchase Fee with $CAD* | 0.49% | 0.66% | ?? | 0.69% |
BTC Spread** | 0.35% | 1.11% | 0% | 1.34% |
Trading Fee | 0.20% | 0% | 0% | 0% |
$CAD Wallet | Yes | Yes | No | Yes |
$CAD Funding Fee | Free | Free | N/A | Free |
BTC Withdrawal Fee | 0.000399 BTC | Free | 0.0003 BTC | $5 off mining fees |
Beginner Friendly | Yes | Yes | No | Yes |
Promotion | $10 free when you deposit $100 | $20 free when you deposit $100 | Up to a $1000 bonus | $25 free when you trade $100 |
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.
Previous Year's Winners
2022
In our second annual review, we analyzed 18 cryptocurrency exchanges across 60 features each and 1,000+ data points.
🏆 1st | Newton (Best Overall) | 10. | Netcoins |
🥈 2nd | NDAX (Best Purchase Fees) | 11. | Bitbuy |
🥉 3rd | VirgoCX (Best Runner Up) | 12. | Quick Trade |
4. | Binance (Best for Altcoins) | 13. | Coinsquare |
5. | KuCoin (Best for Altcoins Ontario) | 14. | Bittrex Global |
6. | Shakepay (Best for Beginners) | 15. | Coinbase |
7. | Crypto.com (Best Rewards) | 16. | Coinbase Pro |
8. | Kraken (Best For Staking) | 17. | Coinsmart |
9. | Wealthsimple (Crypto in Your TFSA) | 18. | Coinberry |
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) | - | - |
All CEX Reviews
Learn more about any platform. We've reviewed them all.
Newton
Bitbuy
Kraken
Coinsquare
NDAX
VirgoCX
KuCoin
Crypto.com
Wealthsimple Trade
Coinsmart
Netcoins
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