🇨🇦 2023 Awards
This Year's Best Crypto Exchanges for Canadians
The Toughest Review In Canada
We conducted the most comprehensive review of Canadian cryptocurrency exchanges.
25
Platforms Reviewed
1,050
Data Points
3rd
Annual Review
🇨🇦 The Winners
Here are the best places for Canadians to buy crypto:
🏆 Best Overall
 |
🏆 2nd Overall
 |
3. Runner Up
 |
🏆 Best for Altcoins
 |
🏆 Best for Altcoins in Ontario
 |
Other Top Picks
 | Most Beginner-Friendly | |
 | Best Staking & Rewards | |
| Best for Professionals | |
| Trade Without ID |
Compare The Best
Header |  | |  | |  |
|---|---|---|---|---|---|
Ranking | Best Overall | Second Place | Runner Up | Best For Altcoins | Best For Altcoins Ontario |
Coins | 30+ | 60+ | 70+ | 600+ | 700+ |
Total BTC Purchase Fee with $CAD* | 0.49% | 0.66% | 0.69% | 1.60% | 2.82% |
BTC Spread** | 0.35% | 1.11% | 1.34% | 0% | 0% |
Trading Fee | 0.20% | 0% | 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 | 0.000399 BTC | Free | $5 off mining fees | 0.0005 BTC | 0.0005 BTC |
Beginner Friendly | Yes | Yes | Yes | No | No |
Promotion | $10 free when you deposit $100 | $30 free when you deposit $100 | $25 free when you trade $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.
Previous 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) | - | - |
About
Crypto Exchanges
Stay Updated
Connect
©2023 RankFi.com
The material contained on this website is for informational purposes only and RankFi.com, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell investments nor is it to be construed as investment advice. RankFi.com is not a registered investment, legal or tax advisor or a broker/dealer. All content should be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment.