9 Best Crypto Exchanges In Canada For January 2025

As more than one million Canadians hold cryptocurrencies, good crypto exchange platforms are essential to offer a safe and secure crypto environment. Our researchers dived deep into the Canadian crypto market, searching for the best crypto exchange in Canada. We made our list from a broad number of exchanges and only listed exchanges that met certain criteria such as user base, trading volume, and regulatory compliance.

We recommend Gemini to be the best crypto exchange in Canada as it offers a safe and regulated marketplace for purchasing, selling, and holding cryptos. Gemini, which was founded in 2014 by the Winklevoss twins, is renowned for its strict adherence to financial regulations and security protocols.

It provides a very flexible option for both novice and experienced traders to select from the varied order types and advanced charting.The Canada BTC exchange also includes the option of cold storage, which allows consumers to store cryptocurrency in their hot crypto wallets.

To trade on the platform, consumers must first link their bank accounts and conduct a wire transfer or ACH deposit from a bank. It runs all day and night. The majority of users’ cryptocurrency is kept offline in “cold storage,” while their accessible funds are kept in an insured “hot wallet,” guaranteeing the highest level of transaction security.

Its user-friendly interface makes it easier for users to navigate. Compared to other platforms, the exchange charges low fees and has tight spreads. They offer a rewards program to incentivize users with discounted spreads based on their trading volume. The exchange is regulated by FINTRAC & CSA. Investors in Canada can feel secure knowing that their cryptocurrency assets are protected by the best security standards in the business and are covered by multimillion-dollar insurance.

The customer support team at VirgoCX helps users and promptly addresses issues. There are no deposit fees, and the network expenses of cryptocurrency withdrawals are covered by a monthly subsidy of up to $6 CAD.

As one of the top crypto exchanges in Canada, Coinbase takes great pleasure in its four pillars of accessibility, community, accountability, and honesty. Coinbase is a publicly listed business that complies strictly with regulations. It is registered with the OSC and FINTRAC, is insured by BitGo, and is shielded by Fireblocks, a blockchain security service provider including two-factor authentication systems. This will prevent unauthorized sign-in and trading from your account and will reduce the chances of getting hacked.

To confirm you’re human and comply with Know Your Customer (KYC) rules, you’ll need to provide personal information such as your name, email address, and proof of residence.

In Canada, Coinbase supports various payment methods such as bank transfers and credit cards, making it easy for users to deposit funds and purchase cryptocurrencies like Bitcoin, Ethereum, etc. With its strong security, it has become one of the most reliable platforms for users in Canada.

Bitget is a highly recommended crypto trading platform in Canada for its innovative features. It was founded in 2018 by offering various crypto services like margin trading, spot trading, copy trading, AI trading bots, and crypto-to-crypto trading.

The centralized crypto exchange platform is known for its robust security measures such as multi-factor authentication and cold storage for cryptocurrencies to protect user funds.

It has a substantial US$424 million Protection Fund, which has a reserve ratio of 175% as of January 9, and a transparent monthly Proof of Reserve. The token acquisition process is revolutionized by the novel CandyBomb approach, which sets it apart from Bitget Launchpad. It offers a simple substitute for Bitget Launchpad, which forces users to lock their BGB holdings to perhaps gain access to fresh tokens at a reduced price.

Since its founding in 2016, Bitbuy has grown to become one of Canada’s top cryptocurrency exchanges, serving 24 different cryptocurrencies and counting over 400,000 Canadian investors. You may feel secure knowing that your funds are safe with one of the top Canadian cryptocurrency exchanges, Bitbuy, which is based in Toronto and is FINTRAC-registered as a Money Service Business (MSB).

High liquidity and affordable fees are the two primary features of the platform that make it an ideal choice for traders. Bitbuy also offers a simple Express Trade option for fast and simple transactions, along with complex trading tools via its Pro Trade platform.

For most Canadians, Bitbuy is one of the dependable and all-inclusive platforms dedicated to security, compliance, and user accessibility.

Coinsmart is a reputable cryptocurrency exchange in Canada, known for its easy-to-use interface and dedication to making crypto trading more accessible to the residents of Canada. It was established in 2018, headquartered in Toronto, and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This platform supports a wide range of cryptocurrencies like Bitcoin, Ethereum, Ripple, etc. making it a perfect choice for both new and expert traders.

Coinsmart provides a range of payment options including credit cards, bank wire transfers, and Interac e-Transfers, giving customers convenience in funding their accounts and making withdrawals.

The exchange is renowned for its reasonable rates and open fee structure, which enables users to optimize their trading efficiency. The platform also offers educational materials and a SmartGuarantee feature that guarantees fast trade execution and swift crediting of deposits.

Market participants can swap different cryptocurrencies that can be purchased or sold with fiat currencies on the popular cryptocurrency exchange, Kraken. With a daily average volume of trade of over $965 million, Kraken was the sixth-largest cryptocurrency exchange in the world. With 95% of deposits kept offline in cold storage facilities located all over the world, Kraken not only provides secure currency storage but also guarantees robust security measures.

Its servers are housed in safe enclosures under constant observation from security cameras and armed guards.

NDAX, a safe, regulated, and cutting-edge cryptocurrency trading platform, was established in 2018 to enable everyone to take part in and benefit from the contemporary digital economy. With NDAX, cryptocurrency will become more accessible to all Canadians, enabling them to trade, buy, sell, stake, and profit more from their crypto assets no matter where they are.

From novice investors to seasoned traders, NDAX is made to meet their demands with affordable, clear trading costs and the option to trade digital assets in Canadian dollars.

With the platform’s secure crypto storage, several funding options, and same-day withdrawal and deposit settlements, you can concentrate on crypto asset trading, monitoring, and portfolio management instead of worrying about other things.

Crypto.com is a prominent cryptocurrency platform in Canada because of its extensive financial services and easy-to-use interface. It was established in 2016 and has its headquarters in Hong Kong, with rapidly growing services all over the world and a strong presence in Canada.

The crypto buying site is one of the most flexible choices for Canadian traders and investors as it supports more than 250 cryptocurrencies, including well-known assets like Bitcoin, Ethereum, Polkadot, etc. With cutting-edge security methods like two-factor authentication (2FA) and cold storage for the bulk of user funds to protect assets against potential threats, Crypto.com is renowned for its safe trading environment.

Our list of the best Canadian crypto exchanges is comprehensive and detailed. Our team browsed through lots of exchanges and here are the metrics that guided our research

Low fees

Trading fee is important when it comes to crypto trading. High and non-transparent trading fees can quickly eat into your profits. You must understand the fee you’re paying to the crypto exchange of your choice. Low-fee cheap crypto exchanges are essential for high volume traders.

Security

The exchanges on our list use a couple of strategies to secure your funds. Some use 2FA and other modern security measures. Most crypto exchanges on our list have the funds stored on transparent cold wallets for transparency and accountability.

Service Offered

Look into the services and cryptocurrencies listed. Not all exchanges have the coins you want. Some exchanges also offer leverage trading, with higher leverage than others. Look into these finer details if you want to go beyond basic trading.

Customer Support

We opted for exchanges with steady and reliable customer support. You need an exchange that can support you through your difficult times.

Regulatory compliance

Finally, it is important to trade on legally compliant exchanges. It ensures that the exchanges are operating in your interest with the guidelines set by the local regulators.

For most users, Gemini is the best crypto exchange in Canada for its balance of features, fees, and security. However, all of the exchanges on this list are a solid choice, depending on the features you’re looking for.

Canada seeks to regulate cryptocurrency as it recognizes the opportunities within that industry as well as the associated risks. Canada’s PCA amendment of 2014 was one of the earliest efforts. However, Canada still has a long way to go in regulating cryptocurrencies. The nation has yet to spell out defined rules for the industry, making it difficult for crypto businesses to comply.

Regardless of the regulatory challenges, Canada has made significant progress in embracing blockchain technology and encouraging crypto activities. One of its notable efforts is Project Jasper, which was a collaborative effort of financial institutions in Canada to understand how distributed ledger can improve payments. Canada also approved its first blockchain exchange-traded fund (ETF) showcasing its interest in making crypto assets mainstream.

Furthermore, Canadian authorities have also paid closer attention to crypto exchanges and service providers to ensure safety and compliance. So, Canada requires crypto exchanges to register with the Financial Transactions and Reports Centre of Canada (FINTRAC). In addition, crypto exchanges are also required to comply with anti-money laundering (AML) and counter-terrorist financing (CTF) policies.

FINTRAC’s core role is to detect and prevent financial crimes such as money laundering. It plays a huge role in regulating crypto activities in Canada. Part of its role includes enforcing compliance. Crypto exchanges are expected to maintain records of transactions as well as report large cash transactions. FINTRAC also conducts audits on exchanges to ensure they maintain the highest standard of compliance.

With the strong scope of growth in the crypto market in Canada, we have listed these best crypto exchanges for the users’ support in terms of feasibility and support.

As every crypto exchange platform holds both positive and negative aspects, therefore, we recommend all the users to analyze your trading needs and then select the best one. This helps you in coming up with an effective trading strategy and more chances of correctness will be there.