Compare Canada's
Crypto Exchanges
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🇨🇦 2025 Awards
This Year's Best Crypto Exchanges for Canadians
Canada's Toughest Review
We tested 25 platforms in our fourth annual review.
25
Platforms Reviewed
1,050
Data Points
4th
Annual Review
Our Winners
Here are the best crypto exchange for Canadians:
Best Overall
#1
NDAX
Best Runner Up
#2
Kraken Pro
Best Day Trading Exchange
#3
Bitget
Best No KYC Exchange
#4
BYDFi
Best User Experience
#5
Newton
Compare The Winners
Header |  |  |  |  |
|---|---|---|---|---|
Ranking | Best Overall | Runner Up | Best Trading Platform | Best User Experience |
Coins | 35+ | 250+ | 750+ | 70+ |
Total BTC Purchase Fee with $CAD* | 0.41% | 0.69% | $CAD not supported | 1.19% |
BTC Spread** | 0.52% | 0.01% | 0% | 2.26% |
Trading Fee | 0.20% | 0.25% / 0.40% | 0.10% | 0% (Spread) |
$CAD Wallet | Yes | Yes | No | Yes |
$CAD Funding Fee | Free | 0.50% | N/A | Free |
Beginner Friendly | Yes | Yes | No | Yes |
Promotion | $10 free when you deposit $100 | Click below to see the current offers | 10% Lifetime Discount + $1,000 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 25+ 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
2024
In RankFi's fourth annual review, we analyzed 25 platforms available in Canada. NDAX remained as Canada's cheapest place to buy Bitcoin, with Kraken Pro a close second.
🏆 1st | NDAX (Best Overall) | 6. | MEXC (The Most Altcoins) |
🥈 2nd | Kraken Pro (Best Runner Up) | 7. | Shakepay (Best for Beginners) |
🥉 3rd | Bitget (Best Altcoin Exchange) | 8. | Bitcoin Well (Bitcoin-Only App) |
4. | BYDFi (Best No KYC) | 9. | Crypto.com Exchange |
5. | Newton (Best UX) | 10. | VirgoCX |
Didn't Make Our Top 10: Crypto.com, Coinbase, Netcoins, Bitbuy, Coinsquare, LBank, PayTrie, Gemini, Wealthsimple Trade, Bitcoin Well, Bull Bitcoin, Beaver Bitcoin, Kraken (regular version), Bitvo (shut down), Coinsmart (shut down) | |||
2023
In our third annual review, we reviewed 25 cryptocurrency exchanges. However, 8 platforms closed their doors for various reasons.
🏆 1st | NDAX (Best Overall) | 10. | Bull Bitcoin |
🥈 2nd | VirgoCX (Best Runner Up) | 11. | Bitbuy |
🥉 3rd | MEXC (Best for Leverage & Altcoins) | 12. | Coinbase |
4. | Kraken (Best for Staking) | 13. | PayTrie |
5. | Newton (Best User Experience) | 14. | Coinsquare |
6. | Shakepay (Best for Beginners) | 15. | Gemini |
7. | Crypto.com (Best Rewards) | 16. | Bitvo |
8. | Wealthsimple Trade (Crypto in TFSA) | 17. | Coinsmart |
9. | Netcoins | Closed: | Binance, KuCoin, Coinberry, Bittrex, Coinbase Pro, Quick Trade, Gate.io, FTX |
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
Coinsquare
NDAX
VirgoCX
KuCoin
Crypto.com
Wealthsimple Trade
Netcoins
Binance Canada
Coinbase Canada
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Disclaimer: This website provides general information and comparisons of cryptocurrency exchanges and financial products for educational purposes only. We are not a registered investment advisor, broker-dealer, or financial institution. The information provided does not constitute financial, investment, tax, or legal advice and should not be relied upon as such. Cryptocurrency trading involves substantial risk of loss and may not be suitable for all investors. We may receive compensation from some of the companies featured through affiliate partnerships, which does not influence our editorial content or rankings. Always conduct your own research and consult with qualified professionals before making any financial decisions.
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