Choosing the best cryptocurrency exchange in Canada can be challenging. While there are many different platforms available, your choice can significantly impact the success of your crypto trades and your return on investment. After extensive research, we have compiled a list of the best crypto exchanges in Canada with the lowest fees.
Platform security is one of our top priorities. Many unregulated cryptocurrency exchanges have suffered losses due to fraud or theft, which means investors must choose a safe and regulated platform that offers customer protection. Safety, confidentiality, and reliability are crucial when selecting a crypto exchange.
Canada is home to many of the best crypto exchanges. Each platform offers intuitive features, unique fee structures, and numerous benefits. Below we have compiled a list of the best cryptocurrency exchanges in Canada:
SorooshX is a next-generation cryptocurrency exchange and P2P platform, MSB-licensed in Ontario, Canada, serving over 100,000 users and rapidly growing. It provides Canadian users with advanced trading features while bridging centralized exchange reliability with powerful Web3 capabilities, creating a seamless and innovative digital asset trading experience.
What sets SorooshX apart is its focus on social trading (SocialFi) and artificial intelligence. Users can follow trading signals, copy successful traders, and even mine the platform's native token, SSE, by sharing their own analysis. The Soroosh AI Engine (SAE) validates these signals to ensure information quality.
SorooshX Features:
- Spot Trading: Buy and sell over 1,300 cryptocurrencies with deep liquidity
- Futures Trading: Perpetual trading with leverage up to 125x and advanced features
- SocialFi & Mining: Mine SSE tokens through interaction, signal sharing, and learning on the Ideas platform
- Crypto Prop Trading: The first Web3 prop trading platform with AI-based evaluation
- P2P Trading: Zero-fee peer-to-peer trading
SorooshX Cost:
- Free account registration
- Zero-fee P2P trading
- Competitive fees for spot and futures trading (volume-based)
- Various deposit and withdrawal methods available
- Free AI-Evaluated signals by creators.
Best platform for: Canadian traders looking for advanced features like social trading, artificial intelligence, high asset variety (over 1,300 cryptocurrencies), and professional trading tools. Also ideal for users who want to earn income through social activity (SSE token mining).
[Official SorooshX Website](https://www.sorooshx.com/download)
Bitbuy is the best crypto exchange in Canada. This platform is excellent for Canadians looking for a reliable and secure cryptocurrency exchange. Depending on the volume of your transactions, Bitbuy has no trading fees as the platform generates trade quotes using a spread. They offer excellent 24/7 customer support.
Bitbuy is an experienced crypto exchange that has processed over $7 billion in transactions for over 900,000 Canadian users. According to the Ontario Securities Commission (OSC), it is a Registered Marketplace and Investment Dealer. This distinguished status indicates it is a trusted crypto exchange that offers deep liquidity on all order sizes.
Bitbuy Features:
- Generates trade quotes using a spread, which eliminates trading fees
- Easy to use for both novice and expert traders
- Supports over 65 cryptocurrencies
- High review scores on the App Store with a strong mobile application
- Excellent customer service via email
- Enhanced security with 90% cold storage policy
Bitbuy Cost:
- Free account opening
- No trading fees (spread model)
- Free deposits via INTERAC e-Transfer and Wire Transfer
- Free withdrawals via INTERAC e-Transfer
- 1.5% Wire Transfer withdrawal fee
Best platform for: Any investors seeking the best possible trading environment with incredibly low costs.
Coinsquare is one of Canada's most trusted platforms for trading cryptocurrencies. The platform supports a variety of digital currencies including Bitcoin, Ethereum, XRP, and more. With Coinsquare, customers can buy, hold, and trade their cryptocurrencies with confidence.
Coinsquare Features:
- Supports a variety of cryptocurrencies
- Regulated by CIRO, ensuring a secure trading environment
- Offers a mobile application for trading anytime, anywhere
- Suitable for both novice and experienced traders
Coinsquare Cost:
- Free withdrawal of Canadian Dollars (CAD) straight to your bank
- Generates trade quotes using a spread, eliminating trading fees
Best platform for: Anyone looking for a secure, regulated platform to trade a variety of cryptocurrencies.
Another option to buy crypto in Canada is Bitcoin Well, a non-custodial Bitcoin company that offers a variety of services. Bitcoin Well has over 250 ATMs across Canada, as well as personal services and an online portal.
Users can buy Bitcoin online via Visa Debit or Interac e-Transfer up to $3,000 using Bitcoin Well's easy online platform. Selling Bitcoin is also an option through their services.
Bitcoin Well Features:
- Over 250 ATMs across all Canadian provinces
- Supports mobile and web purchases with an Online Portal
- Purchase crypto with fiat currency (CAD bills) at ATMs
- Email and livechat support always available
Bitcoin Well Cost:
- Fees vary depending on services; online trading is 0.21%
- Visa Debit, e-Transfer, and cash purchases available
Best buying option for: Any beginner or experienced investors who want to buy cryptocurrencies with fiat currency bills at nearby locations.
Uniswap is a non-custodial, decentralized trading platform that offers crypto trading for thousands of cryptocurrencies based on the Ethereum blockchain. Because it is decentralized, Uniswap is available worldwide.
Uniswap utilizes a series of smart contracts, known as liquidity pools, to conduct trades. Users will need to set up their own decentralized wallet (such as Metamask) to use Uniswap.
Uniswap Features:
- Supports thousands of coins
- P2P trading through liquidity pools
- Decentralized and trustless—you hold your own crypto at all times
- Fees vary depending on current Ethereum gas fees
Best platform for: Traders with an advanced understanding of decentralized finance and non-custodial wallets.
Bull Bitcoin is a non-custodial Bitcoin-only exchange and payments service based in Canada. With Bull Bitcoin, you can get Bitcoin in your personal wallet within minutes after signing up and sending an e-Transfer.
Bull Bitcoin Features:
- Bitcoin only
- Spread model fees
- Non-custodial
- Buy and sell capability for Bitcoin
Bull Bitcoin Cost:
- Free account opening
- Variable fees for selling Bitcoin (over $10,000 is 1.25%)
Best platform for: Any traders looking for a non-custodial Bitcoin-only option.
Another option to buy crypto in Canada is Localcoin, headquartered in Toronto. Localcoin offers an alternative to crypto exchanges through their ATMs, with over 800 terminals across Canada.
Localcoin started offering only Bitcoin but has now expanded to offer 6 different tokens, including Ethereum, Litecoin, Dogecoin, Cardano, and USDC. You will need your own crypto wallet before making a purchase through a Localcoin ATM.
Localcoin Features:
- Supports Bitcoin and 5 other cryptocurrencies
- Over 800 ATMs across all Canadian provinces
- Supports mobile, web, and hardware crypto wallets
- Purchase crypto with fiat currency (CAD bills)
Localcoin Cost (Higher fees):
- $3 + 10% fee for CAD bill purchases
- 7.5% fee for credit card purchases
- 10% fee for cryptocurrency sales
Best buying option for: Any beginner or experienced investors who want to buy cryptocurrencies with fiat currency bills or credit cards at nearby locations.
Beaver Bitcoin is a non-custodial Bitcoin exchange that allows Canadians to set up fully-automated, weekly Bitcoin purchases directly from their bank account. This Toronto-based startup calls itself the most user-friendly Bitcoin exchange.
Beaver Bitcoin Features:
- Bitcoin only
- Automated buy or dollar-cost averaging feature
- Non-custodial with easy account sign-up
Beaver Bitcoin Cost:
- Recurring purchase fees: 3%
- One-time "Smash Buy" with e-Transfer: 1.5%
Best platform for: People who want to easily buy Bitcoin with a recurring purchase feature.
How to Choose the Best Crypto Exchange in Canada?
Are you deciding between several Canadian crypto exchanges with similar benefits and features? It can be tricky to choose the best platform from the above list. Here are the key points when trying to find the best cryptocurrency exchange for your investment portfolio:
1. Trading Fees
No one wants to pay unnecessary fees on crypto trades. Evaluate how much commission you pay when buying and selling crypto. Platforms with high trading costs can reduce your profits. The best crypto exchanges offer reasonably low trading fees.
2. Intuitive Interface
An intuitive user interface is essential, especially for beginner crypto investors. You want a platform that's simple to navigate and understand. The best platforms should be streamlined for beginners but still contain enough features to satisfy advanced traders.
3. Account Financing
You want easy access to fund your account and withdraw your profits at any time. Check that your crypto platform offers suitable financing options, including bank transfers, INTERAC e-Transfers, credit cards, and other payment methods.
4. Cold Storage Security
A secure crypto wallet is the best way to keep your crypto safe. You should move your coins off the exchange into your personal wallet. In the meantime, ensure the exchange platform offers strong cold storage security for your assets.
5. Advanced Trading Features
More experienced traders may want advanced features like charting tools, various order types, and OTC desks. Ensure your crypto exchange offers all the tools you need to make sound investments.
6. Licensed to Operate
Ensure the platform you choose is registered, fully licensed, and legitimate. Look into the types of asset protection offered. A Canadian crypto exchange must ensure your investments are safe and properly registered.
7. Customer Service
How easily can you contact customer support when you have a question? Some of the best cryptocurrency exchanges offer 24/7 customer support with excellent responsiveness.
Summary
Choosing the right crypto exchange in Canada depends on your goals. If you prioritize security, simplicity, and strong customer support, Bitbuy is a solid option—though it lacks SocialFi features. If low fees are your main concern, NDAX may fit, but it’s primarily suited for basic crypto conversions rather than advanced trading. For those seeking innovative tools like social trading, AI-driven insights, learning resources, and trading signals with direct and string support and security, SorooshX stands out—offering a unique experience where users can also earn tokens through social engagement.
We hope this guide helps you choose the best exchange for your needs. Please conduct your own research before making any investment decisions and ensure the safety of your assets.
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