Top Crypto Exchanges - Comparewise

Exchanges

Altcoins are gaining track in the crypto space. As an investor, you have a wide array of Altcoins worth your attention. However, choosing the best Altcoin exchange is vital. Are you st...
Finding the best bitcoin exchange to begin your crypto journey or top up your wallet balance can be a daunting task, especially when so many options are available. The problem is that mos...
Whether you're a beginner or an experienced crypto trader, finding the cheapest cryptocurrency exchange is essential to your success. Cryptocurrency trading has become more popular than e...
When choosing a Canadian cryptocurrency exchange, it’s important to consider a variety of factors like deposit methods, ease of use, coin selection, fees, app rating, security customer su...
Launched in 2014 in New York, Gemini is a crypto exchange with 20 cryptocurrencies and over 25 fiat currencies. This cryptocurrency exchange offers a bonus of $10 on sold or bough...
So, you’ve decided to invest in cryptocurrency. One of the easiest ways to buy and sell cryptocurrency is to use a cryptocurrency exchange. But there are a lot on the market, and they all...
               

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Crypto Exchanges

The latest available data estimates suggest that 3.2 percent of Canada’s total population, translating into a figure of 1.2 million, own cryptocurrencies. In 2020, Bitcoin occupied more than 30% of this market. Expert analysts believe that its share will grow exponentially in the days to come, at least till 2027. Yet, Bitcoin is not the only currency that a substantive chunk of Canadian crypto traders is keen to invest in. Ethereum, Ripple, Tether (USDT), Cardano ADA, Binance coin—all of these popular cryptocurrencies occupy a significant share of the Canadian crypto market.

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Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Get $20 CAD of BTC with promo code: COMPAREWISE
Min Investment
$100
Target Return
4-7%
Get up to $5,000 cashback on Canada's #1 trading platform.
Min Investment
$100
Target Return
Varied
Trace crypto on Nexo and earn up to 20% APR
Min Investment
$1
Target Return
Up to 12%
Crypto exchange starting with just $10
Min Investment
$1
Target Return
Varied
Trade 150+ cryptos plus use your crypto for purchases
Min Investment
$1
Target Return
Varied
Buy and sell shares in best-selling paintings
Min Investment
$15,000
Target Return
10-25%
Connect with you fave music & own shares of songs
Min Investment
$1
Target Return
Varied
Earn Up to 17% on your crypto and borrow USD
Min Investment
$1
Target Return
2-18%
Earn rewards when you buy and sell crypto on BlockFi
Min Investment
$1
Target Return
Up to 8.6%
Make, buy, and sell digital art NFT's using Ethereum
Min Investment
$1
Target Return
Varied
A marketplace for small and local business investment
Min Investment
$100
Target Return
10-15%
Online real estate investment in one platform
Min Investment
$25,000
Target Return
9-24%

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June 19, 2022
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FAQs about Crypto Exchanges

Is crypto legal in Canada?

Although digital currencies are not legal tender in Canada and no government or central authority, such as the Bank of Canada, supports them, you can use them to buy goods and services on the internet and in merchant stores that accept crypto payments. You are also free to buy and sell digital currency on open exchanges. As noted earlier, all you need to use digital currencies is a wallet. You can store the wallet yourself or can have a wallet provider manage the currency for you.

Are crypto exchanges taxable in Canada

Yes. Canadian tax rules apply to digital currency transactions, including cryptocurrencies. They are subject to the Income Tax Act. Goods purchased using digital currency require mandatory inclusion in the seller’s income. GST/HST also applies to its fair market value. If you are buying or selling digital currency like a commodity, you must report any gains or losses from selling or buying digital currencies while filing your taxes. Not reporting your income from such transactions is illegal.

Earn Crypto Bonuses

See the top crypto deals and welcome bonuses on the market.