Best Crypto Exchanges in Canada in 2023 (Rated & Reviewed)
It’s no secret that Canada is the most technologically advanced country in the world, with extreme financial stability in terms of bitcoin technology. They have access to multiple Crypto exchanges that makes digital asset trading seamless. Additionally, providing ways for investors to buy Bitcoin or Ethereum using Canadian trading platforms.
However, identifying the right, secure, and easy-to-use Crypto exchanges in Canada seems challenging when you have multiple options available.
Here’s a List of 5 Best Crypto Exchanges in Canada in 2023 (Rated & Reviewed):
Binance
Binance is among the largest Crypto exchanges in Canada, with more than 130 million registered users. It allows a huge level of transactions and charges competitive fees.
CoinSmart
CoinSmart Crypto exchange is the best Canadian Cryptocurrency exchange with trading features to buy BTC Canada, Ethereum, Ripple, Litecoin, and more.
Zengo
Zengo is the most secure Cryptocurrency exchange for Canadians. It supports 70 + Cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other trading pairs.
Crypto.com
Crypto.com is a digital wallet that comes under top Canadian Cryptocurrency exchanges. It allows you to buy, sell and exchange Cryptocurrencies in Canada.
BitBuy
BitBuy is the finest Crypto exchange in Canada, founded in 2016. The company has been around for years and has earned a good reputation for its service and security.
Well, if you are going through the same and are puzzled about which one is best considering all the cryptocurrency markets in Canada, then look no further.
We’ve compiled some of the best Crypto exchanges in Canada in 2023 that will assist you in making a wise decision before signing up for an account with one of these exchanges.
1. Binance
Binance is a reliable and secure Crypto trading platoform in Canada.
Thomas’ Take
Binance offers users a wide range of popular digital currencies and tokens with 600+ tradable coins, including bitcoin (BTC), Ethereum (ETH), and ripple (XRP).
It is available for trading on desktop and mobile devices. If you want to know what Crypto app to use in Canada, the Binance app is the best option for Android devices.
The exchange has a large amount of liquidity as it trades over $74 billion daily. This liquidity allows users to trade any coin on the platform. The company also supports 40+ fiat trading pairs, making it easy for its users to acquire any currency without leaving the platform.
Binance has its token called Binance coin (BNB). It is part of their payment process and can be purchased using BTC or ETH.
PROS
- It offers 600+ tradable Cryptocurrency coins.
- Advanced interface with low trading fees.
CONS
- Currently unavailable in Ontario, Canada.
- Regulatory issues have been encountered.
Best For
Low Trading Fees
Price
Fee depends on Transaction Amount
Ease of use
Simple to use
Crypto tokens available:
350+
Our second option is:
2. CoinSmart
CoinSmart has an interactive design and multiple Cryptocurrencies.
Thomas’ Take
The exchange has been operating since 2017, and it has been providing Canadians with an easy way to buy and sell digital currencies since then. It offers margin trading, allowing users to borrow coins from the exchange to leverage their trades.
The platform offers a mobile app that supports multiple languages and has an intuitive design that makes it easy for anyone to use. The CoinSmart exchange has various deposit methods, including credit/debit cards, bank, and wire transfers. So you can buy bitcoin in Canada with a credit card easily.
Additionally, In case of making an international transfer, you should use one of their supported payment methods: SEPA transfer or direct deposit into your account from your bank account.
If you are looking for a reliable Canada Crypto exchange, CoinSmart is one of the best options available today.
PROS:
- It offers same-day deposits and account verification.
- The trading interface is easy to use and designed for beginners.
CONS
- 6% credit/debit card deposit fees.
- Withdrawal fees of 1%-1.5% are applicable.
Best For
Quick Account Verification
Price
Fee depends on Transaction Amount
Ease of use
Easy to use
Crypto tokens available:
9
3. ZenGo
ZenGo has plenty to Cryptocurrencies to boost your Crypto trade in Canada.
Thomas’ Take
The keyless wallet has been rated very well by the market and users. It’s easy to use and offers great customer support, which is not something you’ll find at every Crypto exchange. Zengo also ensures low trading fees and a wide range of available altcoins.
Well, it’s important to note that Zengo doesn’t offer a fiat-to-Cryptocurrency exchange service. However, it provides an easy way to buy Cryptocurrencies using Canadian dollars through its wallet or credit card.
Additionally, the Zengo Crypto exchange has zero trading fees, low deposit minimums, and high withdrawal limits. The platform also provides an easy-to-use interface for beginners and experienced traders alike.
PROS
- Best Crypto exchange for beginners with unique features
- Reliable customer support
CONS
- Not entirely a custodial exchange.
- Third-party involvement in storing private keys.
Best For
Reliable Customer Support
Price
Fee depends on Transaction Amount
Ease of Use
Easy to use
Crypto tokens available:
5,550
4. Crypto.com
Crypto.com is the best Canadian Crypto Exchange platform with mobile and web applications.
Thomas’ Take
The company aims to bring digital assets to the mainstream by creating a simple and easy-to-use platform. It offers web and mobile applications for various operating systems, supporting over 80 languages. You can use the Crypto.com wallet for Ethereum and other Cryptocurrencies, with support for additional coins coming soon.
Moreover, it offers a wide range of trading accounts for beginners, ranging from free accounts with no fees to premium accounts with significant trading fees.
The service offers fast transactions (less than 2 seconds), low fees (0%), and no required signup or verification process. The deposit methods include bank transfer and credit/debit cards.
PROS
- No additional fee is required.
- User-friendly interface with a wide range of features.
CONS
- Poor customer service and high withdrawal fees.
- Restricted Cryptocurrency assets.
Best For
Wide Range of Crypto Trading Features
Price
Fee depends on Transaction Amount
Interface
Medium Easy
Crypto tokens available:
250+
5. Bitbuy
Bitbuy has outstanding feactures and reliable customer support for enthusiastic Crypto traders.
Thomas’ Take
The exchange offers 24+ Cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Users can buy and sell Bitcoin using USD, CAD, or EUR. Bitbuy ensures a wide range of payment methods for users to fund their accounts, including Bank wire transfers, iDeal, SEPA, and Interac Online.
Besides, Bitbuy supports 24/7 customer support via phone or live chat services using an interactive voice response system (IVR). Users can contact support via email if they need assistance with any technical issues on their account or have questions about the platform itself or its functionality.
The best exchange for Crypto Canada offers trading software for both Windows and Mac operating systems and iOS and Android devices for mobile applications.
PROS
- High-end functionality
- Great customer support and low trading fees.
CONS
- Supported coins are limited.
- Not good for beginners due to certain risks
Best For
Smooth Functionality
Price
Depends on Transaction Amount
Interface
Super easy
Crypto tokens available:
100+
Final Thoughts
There are many factors you must consider when choosing a Crypto exchange. If you’re new to trading, we recommend you start by selecting a platform with low fees and high liquidity. Well, if you have planned to invest in the Canadian Crypto exchange, the above-reviewed best Crypto exchanges in Canada in 2023 can save you time and effort.
