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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 most of these exchanges have similar features and services, which makes it difficult for users to choose one over another.
Looking for the best Bitcoin exchange? The hunt is over. Discover our top 15 picks for the best exchanges to buy, sell, & invest in Bitcoin.
So, how do you determine the best Bitcoin exchange? Well, factors such as security and fees should obviously be considered.
Then it comes down to your preferences regarding the features you need and whether the exchange is convenient for you. Bitbuy, CoinSmart, Coinberry, Newton, VirgoCX, Shakepay, Netcoins, NDAX.io, Crypto.com, KuCoin, Gemini, Coinbase, Binance, Coinmama, and CEX.io are our top recommendations.
Thankfully, we’ve saved you from doing all this research on your own. To help you find the best Bitcoin exchange, we’ve combed through dozens of reviews and analyzed hundreds of user ratings. The result is a comprehensive list of the best exchanges that sell bitcoin in Canada.
When looking for the best Bitcoin exchange, there are several factors you should consider:
Some cryptocurrency exchanges offer more protection than others. Some offer two-factor authentication (2FA), requiring additional verification steps such as entering a code sent via text message or email. This adds an extra layer of protection against hackers and other malicious actors trying to steal your money.
The convenience of using a particular exchange is vital because not everyone has time to research different platforms. Some exchanges provide instant buying and selling, while others require you to wait for confirmations. You want to find an exchange that offers both quick transactions and easy account management.
Some exchanges charge fees for specific actions, including sending money to or withdrawing money from your wallet. Fees vary by exchange, but they typically range between 0% and 5%. The lower the fee, the better.
There’s no point in choosing an exchange that doesn’t have the tools you need. Some exchanges allow you to deposit fiat currency into your wallet, while others only accept cryptocurrencies. There are exchanges that let you trade BTC/USD, while others only allow trading BTC/CAD. And several exchanges allow you complete anonymity, while others require KYC (Know Your Customer).
We’ve compiled a list of our favourite exchanges based on the criteria listed above and rated them accordingly. In no particular order, here are the top exchanges that sell bitcoins in Canada:
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Bitbuy is one of the best bitcoin exchange platforms in Canada. Since its start in 2016, hundreds of thousands of Canadians have used the platform to trade more than $4 billion in digital assets. Bitbuy currently accepts 17 coins, including Ethereum, Bitcoin, Stellar, EOS, Bitcoin Cash, Chainlink, Litecoin, etc.
With Bitbuy, you can use Interac e-Transfers, bank wires, and crypto transfers to finance your account. When it comes to security, Bitbuy is a registered MSB with FINTRAC, and 99% of its crypto assets are kept in cold storage.
It also uses 2FA to keep your account safe. Lastly, when you make your first deposit of $250 or more, you’ll get a $40 bonus.
Bitbuy is ideal for beginner traders, but its Pro Trade platform also serves seasoned investors access to TradingView charts for easy technical analysis. Another reason we deemed Bitbuy to be the best bitcoin exchange platform in Canada is its excellent customer service, available 24/7.
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CoinSmart was started in 2018 in Toronto and is now traded on the NEO Exchange under the ticker symbol “SMRT.” This platform offers the best bitcoin exchange in Canada because it makes trading very easy. With Coinsmart, you can buy and sell 16 of the most popular cryptocurrencies.
Coinsmart has an app for iOS and Android phones and tablets. It has a custodial wallet, so new and experienced crypto traders can use it. Coinsmart would instantly verify your account, and your deposits would show up the same day. When you open a new account and deposit at least $200, you’ll get a $50 BTC bonus. Furthermore, bank transfers over $2,000 don’t cost anything.
CoinSmart uses cold storage and 2-Factor Authentication to keep account assets safe (2FA). With CoinSmart, you can add money to their accounts using Interac e-Transfer, bank wire, bank draft, credit and debit cards, and SEPA. Furthermore, they are registered with FINTRAC in Canada as a Money Service Business (MSB) and the Ontario Securities Commission as a restricted dealer (OSC).
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The company was started in 2017 and had its headquarters in Toronto. The platform works with more than 18 coins, including BTC, ETH, LTC, DOGE, etc. Coinberry has the best bitcoin exchange in Canada.
You can instantly deposit money with credit cards and INTERAC e-transfers. There are no fees for CAD deposits or withdrawals.
Gemini Trust Company LLC, a regulated custodian, keeps most of the coins in cold storage. 2FA is also used to protect accounts. Trading fees can be as high as 2.50 percent of the price spread per trade, but fiat currency deposits and withdrawals are free. Interac e-Transfer and wire transfer are both accepted by Coinberry.
Coinberry’s autopilot feature is another reason why it is Canada’s best bitcoin exchange platform. This feature lets consumers buy cryptocurrency automatically using dollar-cost averaging.
Dollar-cost averaging is a top-performing investment strategy, and Coinberry is the only Canadian crypto exchange that offers it.
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Newton is a Canadian trading platform for digital currencies based in Toronto. It was started in 2018 and has one of the largest selections of digital currency assets in the Canadian crypto space.
Hundreds of thousands of Canadians use Newton to buy and sell cryptocurrency because it has low spreads, many buyers and sellers, and instant verification.
Newton is a trading platform that doesn’t charge any fees and can be used on all devices, including those with iOS and Android. The platform works with more than 60 digital coins and tokens.
Newton is a safe, legal platform registered with FINTRAC as a Money Service Business. The platform also works with DV Trading, which gives you access to large pools of liquidity and Balance security.
This platform is best suited for novices as it lacks advanced charting tools. It offers numerous beneficial services, like commission-free trading, third-party custody, and quick account verification.
Newton is the best bitcoin exchange for Canadians wishing to trade bitcoin with minimal costs.
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VirgoCX was started in 2018 and is Canada’s leading regulated platform for trading cryptocurrencies. They are committed to giving their customers the best technology, the most liquidity, and the best security.
It supports over 30 coins and can be used to access NFT brokerage services, foreign exchange, and over-the-counter trading.
VirgoCX’s user-friendly platform and simple interface are great for crypto newcomers. VirgoCX does not impose deposit fees, either fiat or cryptocurrency, making money from the spread.
Buy and sell VirgoCX coins with a few taps on iPhone or Android. Even if you’ve never used a crypto exchange, the platform is straightforward.
With VirgoCX, you can perform huge transactions with a few clicks. VirgoCX offers 30 cryptocurrencies and stable coins. Furthermore, VirgoCX is the only Canadian crypto exchange that offers NFTs. This provides VirgoCX with an edge over its competitors as the best bitcoin exchanges. VirgoCX is an excellent choice if you want to invest heavily in crypto.
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Shakepay is where Canadians can buy and sell cryptocurrencies like Ethereum and Bitcoin almost instantly. They are known for making purchases quickly and without any fees. Shakepay is different from other exchanges because it only lets you buy, sell, and store Bitcoin and Ethereum.
Shakepay is the fastest way to buy or sell cryptocurrency. You can create a purchase or sell order and set notifications to know when Bitcoin or Ethereum reaches a specific price.
Even though Shakepay doesn’t charge commissions, a variable price spread can cost you up to 3% on both “buy” and “sell” transactions.
Compared to other exchanges, Shakepay’s fees are pretty good. It doesn’t charge any fees and lets you deposit and withdraw Canadian dollars for free.
You can also withdraw cryptocurrency for free. Shakepay pays for mining fees, which is a rare perk that most exchanges don’t offer.
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Netcoins Crypto Exchange is one of the best places to buy and sell cryptocurrencies in Canada, which started in 2014. At the moment, only Canadians can use it. Still, investors and traders in Europe and the United States will be able to use it soon. It has more than 60 coins. You can access Newton on the web and via mobile apps for your phone.
Netcoins has a user-friendly platform for expert and new investors. The platform allows free fiat and cryptocurrency for deposit and withdrawal using credit/debit cards. Furthermore, Netcoins runs a secure platform, and its sister business, Qlue.io, monitors blockchains. A live chat, phone, and email are available seven days a week.
Netcoins is the best bitcoin exchange platform because of its efficient interface, making trading quick, cheap, and safe. It is an easy-to-use platform regulated by FINTRAC and is excellent for beginners.
The fees to trade are low, and there are no fees to deposit money. The platform makes it easy to sell coins or move the funds to your wallet after buying coins.
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NDAX.io is a Canadian platform for trading cryptocurrencies. It was started in 2018 and is based in Calgary, Alberta. NDAX.io offers a clean and easy-to-use interface, and you can choose from 30 different cryptocurrencies to trade.
The signup process for NDAX.io is quick, which is excellent for both new and experienced traders.
NDAX.io is the best bitcoin exchange platform because it has a wide range of cryptocurrencies and options for staking.
Users can also get a lot out of a referral program that rewards them for bringing in new users and customers who keep coming back. The security features and the easy-to-use trading platform interface make it suitable for new and experienced traders.
NDAX is the best bitcoin exchange platform because it has low fees, an excellent customer service team, and many cryptocurrencies to trade. Since staking was added, it has become a much more exciting and potentially profitable place to trade cryptocurrency.
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Crypto.com began in Hong Kong in 2016. It now has over 10 million global consumers and over 250 coins. This platform offers cryptocurrency-related financial solutions in 90 countries.
Aside from buying and holding, Crypto.com is ideal for people who want to trade or invest. It’s fantastic for aggressive traders and anyone interested in using crypto as a currency, not just an investment.
The platform is available both on Android and iOS. This app shows your portfolio and a list of popular assets and allows you to trade and stake your crypto assets.
You can also pay for things with cryptocurrency and apply for a Crypto.com credit card. Crypto.com is the best bitcoin exchange platform because you can learn about the blockchain and the currency on each currency’s page.
You can connect more than one digital wallet to Crypto.com, and the site also has its ways to store cryptocurrency. One of them is the DeFi Wallet, a separate app that lets users earn rewards on tokens used in decentralized finance apps supported by blockchain networks.
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KuCoin is a safe place to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, etc. It has a high number of users, many supported assets and services, low trading fees, and a relatively high level of liquidity.
KuCoin is one of the best bitcoin exchanges because it supports many crypto assets. Besides letting you buy and sell 200 cryptocurrencies, KuCoin also charges very low fees worldwide.
Furthermore, it charges a 0.1 percent fee per trade and small fees for trading futures. Other side attractions include bonuses and discounts.
KuCoin is the best bitcoin exchange platform because of its trading bot. Using this feature, you can perform trades by choosing different automated options like Classic Grid, where you sell high and buy low. The DCA option allows you to invest small amounts instead of a lump sum. And the Futures Grid option will enable you to leverage and go short if you expect a coin’s price to go down.
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Gemini is an easy-to-use exchange for digital currencies that could be good for both new and experienced traders. The site offers a good assortment of 63 cryptocurrencies to trade and robust account security and compliance.
There are many ways to buy and sell crypto, the interface is safe and easy for beginners to use, and you can earn interest on crypto in your store. The wallet includes cold storage, digital insurance, and U2F security with a hardware key.
Furthermore, the platform lets you connect with other software tools by giving you public API keys. This exchange is an excellent choice for fund managers and other institutional traders.
In addition to its features, you receive a cryptocurrency rewards credit card, earn interest on crypto and pay stores using crypto. Gemini is a good choice if you want to invest or trade in cryptocurrencies.
It has the best security features, its hot wallet, and a full support center. The company has made deals with more than 30,000 stores so that you can use your account and stored cryptocurrency to pay for things.
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Coinbase is the best bitcoin exchange platform with over 100 tradable cryptocurrencies, including Ethereum and Dogecoin. It is also a place to invest in cryptocurrencies. Coinbase is a big company with more than 89 million users and $278 billion in assets on its platform.
A built-in news feed gives regular updates about the cryptocurrency market. It also has a watchlist that lets you see how prices have changed over time or get notified when prices go up or down.
Furthermore, the exchange supports Two-step verification, FDIC-insured USD balances of up to $250,0001, AES-256 digital wallet encryption, and multi-signature wallets.
Earning crypto while watching short videos to learn about investing is why Coinbase is the best bitcoin exchange platform. Furthermore, you can put money into the Proof of Stake (PoS) network to get a return on their assets.
With Coinbase, you can also send money from the sale of altcoins to your PayPal. The platform is easy for beginners to use, it lets you withdraw to PayPal, and there are ways to earn cryptocurrency.
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Binance is a decentralized cryptocurrency exchange that started in China. It was initiated in 2017 by software developer Changpeng Zhao. Binance is the largest cryptocurrency exchange globally in terms of the trading volume. Still, it is also having trouble with regulations in several countries.
There are hundreds of indicators and overlays for advanced charting. API keys are available to the public to add other software tools. Furthermore, Binance has more than 13 different kinds of trades.
The platform also offers Trust Wallet, a third-party digital wallet. Lastly, Binance lets people from more than 180 countries trade, and Canadians are among them.
Binance is the best bitcoin exchange platform because it provides advanced users and international traders with many options for trading currencies. The Binance platform is easy to use and has three levels based on how much trading experience you have.
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Coinmama makes it easy for people to buy and sell digital currencies. Customers can pay for their purchases in different ways, including digital wallets like Apple Pay. More than 3.1 million people use Coinmama to buy and sell digital assets.
Canada is one of the 197countries that Coinmama serves. Some of the most popular cryptos like Bitcoin, Dogecoin, and Ethereum. Signing up and getting verified takes a few hours in total.
People can use credit and debit cards, Apple Pay, or a bank transfer to buy cryptocurrencies. After you pay, Coinmama sends your crypto right to your crypto wallet.
Coinmama is a simple and easy-to-use place to buy and sell cryptocurrency. It’s an excellent choice for some customers because it’s easy to use.
But it has pretty high fees, and users who want more products, like crypto-rewards credit cards or loans backed by crypto, will have to look elsewhere.
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CEX.IO is a regulated global cryptocurrency exchange where traders and investors can buy, sell, borrow, and earn crypto. CEX.IO was started in 2013 and now has more than 4 million users. It sells goods and services to three types of customers: “Everyone,” “Traders,” and “Businesses.”
For “Everyone,” there are simple ways to buy crypto with fiat currency, a crypto wallet, exchange staking, and a platform for lending crypto. ‘Traders’ can use spot trading, margin trading, and the exchange’s mobile app to trade while they’re on the go.
Lastly, “Businesses” can use CEX.IO PRIME, which offers crypto trading services that are good enough for institutions.
CEX.IO is the best bitcoin exchange platform for its Earn program, which rewards you based on how much crypto you hold. CEX.IO is a good place for experienced crypto traders to find what they are looking for because it has a wide range of assets that you can trade and advanced trading tools.
Bitcoin exchanges allow you to purchase bitcoins from anywhere in the world. They also offer a way to convert your local currency into BTC. However, not all exchanges are created equal. As such, we’ve reviewed the top options available today.
We hope this guide helps you make the best decision when choosing an online bitcoin exchange. Thanks for checking out the best Bitcoin exchange.
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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.
Netcoins and NDAX.io provide the safest platforms to buy and sell bitcoin. Both companies provide two-factor authentication (2FA) as well as multi-signature technology.
TD bank no longer supports buying Bitcoin using their credit card. The only option is to use reputable bitcoin exchanges.
All you have to do is sign up for an account on one of our recommended bitcoin exchanges. Once you're logged in, you'll see a list of currencies and amounts. Click on the amount you'd like to buy/sell. Then click on Buy or Sell.
To withdraw funds from Coinbase Commerce, click Withdraw next to the coin in your Balances area. A popup will ask how much and where to withdraw money.
Yes, Bitbuy is a trusted Canadian company that provides safe and secure digital asset purchases. Their exchange has a FINTRAC license, meaning they comply with government regulations.
Bitbuy comes out on top because of its reduced fees and a more comprehensive range of deposit alternatives. However, this is purely a matter of personal preference. But Coinbase is the best option if you wish to deposit with a debit card.
Canadians in all provinces except Ontario can use Binance. This is due to regulatory restrictions.
Yes, Bitcoin exchanges are legal in Canada. The country's government even has an entire page on its website dedicated to cryptocurrencies.
Canadians cannot use bitcoin to pay their taxes. While it's legal, the government doesn't consider it a legal tender. Canadians can only use bitcoin at retail outlets that accept cryptocurrencies.
It depends on what you want to use your bitcoin for. If you're looking to invest long-term, then Netcoins and NDAX are the most suitable choices. For those who prefer to spend their coins quickly, Bitbuy is the best choice.
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