Best Crypto Exchanges Canada

🇨🇦 2024 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

2024 Winners

Here are the best crypto exchange for Canadians:

Best Overall

#1
NDAX

NDAX

  • Overview

  • Why We Picked It

30+

Coins

0.20%

Trading Fee

0.49%

All-In Fee

NDAX is the best exchange in Canada because it is the cheapest place to buy Bitcoin and many other popular cryptocurrencies. While it has a 0.20% trading fee, they don't charge any spread fees, unlike most CEXs we tested.

It has beginner and advanced trading, a mobile and web app, and simple deposits via e-transfer or bank transfer. NDAX doesn't have the most coins or features, but it's simply the cheapest place to buy Bitcoin with Canadian dollars.


Best Runner Up

#2
Kraken

Kraken

  • Overview

  • Why We Picked It

240+

Coins

0.16% / 0.26%

Trading Fee

0.71%

All-In Fee

Kraken makes our list because it has hundreds of coins, a great UX, and full support for $CAD deposits and withdrawals. 

The exchange is fully regulated in Canada and considered one of the safest exchanges in the world. You'll also find zero-fee staking and a variety of reasons it's one of the best platforms in Canada.


Best Day Trading Exchange

#3
Bitget

Bitget

  • Overview

  • Why We Picked It

600+

Coins

0.10%

Trading Fee

Bitget is the best exchange for traders because it's has 750+ coins, crypto futures, and everything you need. Plus, it has low fees and billions in daily trading volume. The spot trading fees are just 0.10% and futures trading fees are only 0.02% / 0.05%.

This CEX has over 25 million users and is considered secure with a $400M insurance policy and Proof of Reserves. Canadians have to KYC, but surprisingly, you'll get accepted and then have full access to this awesome trading platform!

With Binance, KuCoin, and many exchanges leaving Canada, Bitget is one of the top picks right now.


Best No KYC Exchange

#4
BYDFi

BYDFi

  • Overview

  • Why We Picked It

500+

Coins

0.10-0.30%

Trading Fee

BYDFi is the best choice if you want a no KYC, no VPN exchange. It has 500+ coins and features that Canadian-based platforms don't offer, like margin trading.

You'll have to deposit crypto, like USDC to get started, but you'll get a great trading platform with advanced tools, perpetual contracts, a wide altcoin selection, and more.


Best User Experience

#5
Newton.co

Newton

  • Overview

  • Why We Picked It

70+

Coins

0.00%

Trading Fee

0.69%

All-In Fee

Newton is a popular crypto platform for it's sleek design and low fees. It was actually our 2022 winner but now, the fees (trading spreads) have risen significantly since then.

Fees aside, Newton is still a solid choice with free e-transfers, $5 off crypto withdrawals, and arguably the best UX out of all platforms.


Compare The Winners

Compare All Crypto Exchanges

Header
NDAX.io
Kraken
Bitget
Newton.co

Ranking

Best Overall

Runner Up

Best Trading Platform

Best User Experience

Coins

30+

240+

600+

70+

Total BTC Purchase Fee with $CAD*

0.49%

0.71%

$CAD not supported

0.69%

BTC Spread**

0.35%

0.05%

0%

1.34%

Trading Fee

0.20%

0.16% / 0.26%

0.10%

0%

$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

How Were These Platforms Ranked?

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.

How Many Cryptocurrency Exchanges Should I Use?

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. 

Who Owns RankFi?

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

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.

PayTrue

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)

-

-

Compare Canada's

Crypto Exchanges

Save hours of research. We signed up for every crypto exchange and brokerage so you don't have to.