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The hype around owning and trading cryptocurrencies continues to see robust growth. As such, everyone is keen to determine which app is the best crypto app for trading. Multiple cryptocurrency brokers have rolled out mobile applications to allow for easy crypto transactions. And, with so many to choose from, selecting the best can be daunting.
Searching for the best crypto app? Here are our top 15 taking customer service, security, available cryptocurrencies, & more into account.
So, which is the best crypto app? Some of our favourites include Bitbuy, Coinsmart, Coinberry, Crypto.com, Coinbase, and Binance. But it’s best to select the app that meets your specific trading needs. Consider factors such as the app’s currency options, security, and level of customer service. It is essential to do your own research and compare multiple platforms before settling on one.
If you are looking for the best crypto app to start investing, you have come to the right place. This guide is meant to educate you on the top 15 crypto apps you can use here in Canada.
Moreover, we believe in the importance of careful selection and answering the common questions surrounding the topic. So, we have laid out the factors to consider and have answered some of the frequently asked questions.
The crypto world has seen the growth of many crypto exchanges, and you need to be vigilant in your selection. The following list highlights our top picks for the best crypto trading apps you can find.
Our criteria follow popularity, regulations compliance, crypto coins and tokens available, among other notable factors. Here are our top picks worth your attention in 2022.
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Founded in 2016, Bitbuy is a reputable Canadian-based cryptocurrency trading platform in Toronto, Canada. It boasts over 400,000 Canadian traders and has become the best crypto app for 2022.
Bitbuy is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and approved by the Ontario Securities Commission. The platform’s mobile app is available for both Android and IOS customers.
You can buy the following coins on the platform:
You can fund your account through bank transfer, crypto deposits, and Interac e-Transfer. Their trading fees are affordable, averaging 0.1-0.2%. INTERAC deposits and withdrawals stand at 1.5%, whereas bank wire deposit and withdrawal average at 0.5% and 1%, respectively.
The account is free to open, and you get a $40 bonus upon making an initial deposit of $250 or more. You can also enjoy a $40 bonus when referring a friend to the platform.
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Started in 2018, Coinsmart is another on our best crypto app list based in Toronto, Canada. The platform offers excellent services for starters, such as responsive customer support.
You can invest in the following coins:
Coinsmart allows you to fund your account through credit/debit card, bank wire/draft, Interac e-transfer, and EFT. The trading fees amount to 0.2%, and Interac and bank deposits add up to 0%. However, a 1% fee is involved for bank and EFT withdrawals.
The platform is registered with FINTRAC giving you a security guarantee. Moreover, you can open a free trading account and get a $50 bonus upon making a $200 deposit.
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Coinberry launched in 2017 and registered with FINTRAC as a Money Service Business (MSB). It is also compliant with the Personal Information Protection and Electronic Documents Act (PIPEDA) for top security assurance.
Currently, you can access coins such as:
The platform has a unique feature, the Coinberry Autopilot. With this feature, you can buy crypto in real-time through dollar-cost averaging, which is an excellent investing strategy.
You can top up your account through wire transfers, Interac e-Transfer, and crypto deposits. The trading fee averages 2.5% or less, and deposits/withdrawals are free.
Upon signing up and completing a trade of $50, you get a $20 bonus. Their referral program awards you the same bonus after your referral completes the $50 trading. Plus, you can get up to $475 in trade credit.
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Newton is your best option if you are looking for a crypto platform storing your digital assets offline. Newton was launched in January 2018 and is registered with FINTRAC as a money service business.
Newton is a Toronto-based company and supports more than 60 crypto coins, including
You can fund your account through pre-authorized debit and crypto deposits, Interac e-Transfer, and wire transfers. The platform’s trading fees amount to 0%. However, there is a price per spread fee amounting up to 0.70%.
A Newton trading account is easy to open and get verified. You also get a $25 bonus when completing a $100 buy transaction. There is also a referral bonus of $25 for every successful referral you onboard to the platform.
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Another app on our best crypto app list is the VirgoCX. This platform operates out of Toronto, Canada, and was launched in 2018.
If you are looking to buy altcoins ahead of everybody else, this is your platform. It has over 50 coin types, including stable coins, Metaverse coins, and a Non-Fungible Tokens (NFT) marketplace.
You can buy crypto coins such as:
You can rest assured of a smooth trading experience since there are no trading, deposit, or withdrawal fees. The platform also boasts a two-factor authentication and a 95% cold storage policy to ensure top security.
The account opening process is straightforward since it is free, and you get a $30 bonus upon a $100 deposit. You also get the same bonus amount for every friend you refer to the platform.
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This is one of the oldest in Canada and an essential contender on our best crypto app list. The company started its operations in 2015. It is based in Montreal, Canada, and has enabled over 900,000 Canadian traders’ transactions.
As of this writing, Shakepay offers two crypto coins:
The platform’s account top-up options include wire transfers, Interac e-Transfer, and crypto deposits. Their trading fees are dependent on the price spread averaging 1-3%, and the deposit/withdrawal is free. Shakepay is registered with RevenuQuebec and FINTRAC as an MSB, and the digital assets are also stored offline.
Moreover, you get a $30 bonus after trading $100 on BTC or ETH. When you refer a friend, you both get the referral bonus after they meet the $100 trading mark.
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This platform opened its doors in 2014 and started as a Bitcoin trading service. It is a public company hosted by BIGG Digital Assets, its parent company.
In the initial stages, Netcoins offered three crypto coins to its users. However, with the progressive growth, users can now access
The account deposit options include bank wires, Interac e-Transfer, and online bill payment. Your withdrawals and deposits are free. However, a 0.5% trading fee applies alongside additional spreads.
As of this writing, their website states you can earn a $60 bonus after trading your first $100. Netcoins also has a referral program where you can get a bonus on every successful referral that meets the $100 trading mark.
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Established in 2017, Ndax.io is a Calgary, Canada-based crypto trading platform. Ndax.io is an abbreviation of National Digital Assets Exchange Inc.
The platform currently supports various crypto coins, including:
You can deposit funds into your ndax.io account through Bank draft, certified cheque, Interac e-transfer, and wire transfer. It will cost you 0.20% when buying and selling crypto through the platform. However, you will incur a $25 fee when withdrawing via EFT or bank transfer.
The platform is a money service business registered with FINTRAC. The company also has a strict cold storage policy of 95-98% alongside a two-factor login for all accounts.
Ndax.io has a straightforward joining process, and you can get verified in minutes. Upon signing up, you get a $10 bonus after making a $100 deposit. The platform awards you a 10% bonus for every successful referral every time they trade.
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When looking for the best crypto app, no list is complete without Crypto.com, which boasts over 10 million users. The platform offers its users a wider variety of altcoins that are yet to be undiscovered by the masses.
This crypto exchange provides a wide range of coins, including:
Crypto.com offers only one account top-up option, and that is wire transfers. Their trading fees average at 0.4% with free deposits.
The account is easy to open and gives you three months of free trading. The platform also allows its users to stake their coins, whereby you can earn daily interest.
Upon signing up, you are eligible for a US$50 worth of Crypto.com Coin (CRO) after staking $1000 CRO. With the platform’s referral program, you can earn up to $2000 in CRO for every successful referral who meets the laid terms.
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This Seychelles-based crypto exchange platform was launched in 2017. It currently boasts over 10 million users from 200+ countries.
Users can access over 600 crypto coins, including
KuCoin has a reputation for its low fees, which are 0.1% for spot-on trading. However, these trading fees are subject to reduction depending on your 30-day trading volume.
The platform’s users can top up their accounts through Apple Pay, Google Pay, or credit and debit card. Note that they do not accept bank transfers.
The account opening process is simple, and you can choose to trade without verifying your account. However, you need to undergo the Know Your Customer (KYC) verification process to access the advanced trading tools.
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Launched in 2014, Gemini makes it to our list for its beginner-friendly interface and learning resources. If you are new to the crypto world, this platform offers the best pool to learn the ropes.
Gemini has around 100 crypto-assets for its users, and you can get stable coins and altcoins. Some of the crypto coins available include
The platform is American-based and regulated by the New York Department of Financial Services (NYDFS). You can set up price alerts on the coins you invest in or follow within their mobile app.
Gemini’s trading fees vary with the kind of transaction and typically max out at 1.49%. The platform charges a 3.49% fee on credit card buys and a 0.5% for mobile users.
You can fund your Gemini crypto account through debit and credit card transfers and bank transfers. Upon opening an account with this crypto platform, you earn a $100 bonus when you spend $1000 or more within the first 30 days.
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Founded in 2012, Coinbase is one of the oldest and best crypto platforms you can use. The platform boasts over 68 million users, 134,000 partners globally, and 8000+ institutions.
Initially, the platform traded Bitcoin only but has added more crypto coins. Currently, you can access the following coins:
You can fund your Coinbase account through a bank account transfer, a debit or credit card, or a crypto wallet. When buying crypto up to $200, you get charged $0.99 to $2.99, depending on the amount spent. However, with transactions above $200, the rates switch to a percentage basis.
Coinbase fees appear as per the following table:
| Transaction Type | Fees |
| Coinbase USD wallet and bank account | 1.49% |
| Credit card and Crypto transactions | 2% |
| ACH transactions | 0% |
| Immediate Card withdrawals | 1.5% |
| Credit or debit cards | 3.99% |
| Outgoing wire transfers | $10 or $25 |
There is also a spread fee amounting to 0.5% on the sales. However, this may change due to the market value fluctuations.
The platform has an excellent referral program whereby you can invite your friends to the app. Upon signing up and transacting over $100, you both get a $10 bonus. Alongside that, you can become a Coinbase affiliate and earn 50% of your referrals’ trading during their first three months.
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The platform makes its way into our list, for it is one of the major crypto trading platforms around the globe. Alongside the Android and IOS mobile applications, you can also install its software on your Mac, Windows, and Linux computers.
Binance offers its users access to over 350 crypto coins. Other services you can find on the platform include:
You can fund the account through cryptocurrency, credit cards, bank transfers, or debit cards, among other options. The deposits and withdrawals to and from your account vary depending on the coin you have or need.
There is also a 0.1% trading fee for members within the lowest entry-level, which gradually lowers with time.
The platform has strict security measures whereby they store the digital assets in cold storage. Other features Binance offers its customers include
Upon opening a Binance account, you get a local e-wallet within the platform to manage your coins. However, note that Binance is not available to Ontario residents.
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Launched back in 2013, Coinmama makes our list of the best crypto exchange platforms for its enhanced security. It has 2-factor login encryption and does not store its customers’ details. This comes after its involvement in the 2019 large-scale hack that exposed users’ credentials.
While most crypto exchanges have a broader variety of coins offered, this platform has nine:
The platform’s trading fees are spread over three tiers:
| Tier | Requirement (90 days) | Fees (%) |
| Curious | Up to $5,000 | 3.9 |
| Enthusiast | Over $5,000 | 3.41 |
| Believer | Over $18,000 | 2.93 |
Coinmama supports funding your account through bank transfers, Apple Pay, Google Pay, and credit or debit cards. Note that the platform has its inventory when you need to buy or sell your crypto.
This means you are not transacting with other users but with the platform itself. And since the transactions are on blockchain, you have to ensure to give the correct crypto destination address. Another con with the platform is that it only has an Android app limiting IOS users.
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This London-based cryptocurrency platform boasts over four million users around the globe. Started in 2013, CEX.io was initially designed to help users mine bitcoin rewards without the much power needed.
The current digital assets available on the platform include
Canadians can fund their CEX.io account through debit or credit cards like Visa and Mastercard alongside bank transfers. Trading fees vary, but if you stick to the spot trading, you can enjoy highs of 0.25%. However, charges go up to 7% in the instant buy option.
The platform is registered with FINTRAC as a money service business, so you can be sure of their compliance. CEX.io also stores its digital assets in offline holdings and has strict data encryption measures.
This crypto trading platform has a referral program that can earn you returns. Moreover, the affiliate cookies last for 30 days, so you can rest assured of getting paid for your efforts.
Many exchange platforms exist alongside these notable crypto exchanges. When selecting the suitable platform, you want to choose the best crypto app.
So how do you filter through the options? Simple, by looking at what each has to offer. Here are the qualities you should look out for in your selection.
While the crypto world has seen robust changes recently, few exchanges have adopted the trends. However, mobile apps give you the convenience of buying and managing your crypto on the go.
Also, note that the app needs to have a simple user interface to allow for quick navigation through the hurdles easily. The app should also be flexible to allow for real-time alert customization.
There are thousands of cryptocurrencies in existence, and exchanges hold different numbers. While some offer hundreds of crypto and related assets, others offer less than ten.
In selecting the best crypto app to use, you want to ensure your preferred platform has the assets you want to invest in. Most platforms offer stable coins, but you have to check out the smaller exchanges if looking for altcoins.
There are no strict regulations governing the cryptocurrency world. For this reason, cybercrime threats are rampant and are eyeing vulnerable crypto exchanges. Also, note that stolen crypto assets are hard to track; hence, you might lose your investments during such an invasion.
In selecting your preferred trading platform, you want to ensure they have the necessary measures to minimize losses and risks. The best apps have two-factor authentication, cold storage facilities, and excellent encryption.
Most crypto exchanges earn their profit through the trading you make within the platform. Whether making a significant or low transaction, you need to know how much the platform charges.
The last thing you would want is to pay the platform the profits you get. Some platforms also reduce the fees when you reach certain tiers or spend a specific period on the platform. The goal is to select the platform with the lowest costs to increase your returns.
Every crypto expert was once a beginner in the trade, and as a newbie, you may not have the knowledge needed. So, selecting a crypto app that is easy to use and manage is vital. Fortunately, crypto apps like Binance, Coinbase, and Gemini are beginner-friendly.
The ease of usage also extends to how you can quickly navigate through the app to do a specific action. Ideally, you want a well-structured app you can quickly understand and begin trading.
Excellent customer service is a bonus to you when dealing. When selecting a crypto trading platform, you want an exchange that replies quickly to your issues.
Since your money is involved, any delay in customer support could mean losses. It is an excellent decision to check the crypto exchange’s responsiveness.
Similarly, you may have specific questions needing immediate answers as a new investor. In such a case, you want a customer service assistant attending to you in real-time. However, some trading platforms have a chatbot, so be on the lookout.
Before engaging with a crypto exchange, you must check what other customers say about it. If people have a negative attribute towards the best crypto app, they will avoid it. The opposite will happen when you hear of one that everyone prioritizes.
Your research will yield different reputation levels with the many crypto apps in the market. Luckily, Google Play and Apple AppStore allow users to leave reviews about the specific app. Here you can get unbiased customer feedback.
While some exchanges have no limits on the amount you can deposit, they regulate withdrawals. When selecting the best crypto app for you, you want one that allows the maximum withdrawal amount possible.
Also, note withdrawal durations vary with the payment method you prefer. Notable crypto apps usually tell you how much crypto you can withdraw within a specified timeframe. This knowledge will help avoid disappointments and frustrations in the long run.
The last thing you want is to hear that the best crypto app you have invested in has vanished. While there are rampant scam cases, you can avoid falling into their trap by checking their law compliance.
The best crypto app is regulated and registered with the relevant authorities like PIPEDA, FINTRAC, OSC, and NYFDS as MSBs.
Some crypto exchanges are international and may lack the permit to serve your area. While some are operating within the country, they may not be the best crypto app serving your particular province.
So, it is vital to investigate the platform’s reach to avoid getting into trouble or even losing assets. For example, Binance does not serve Ontarians.
Get started and claim your $25 bonus.3 minutes
Download the Newton app from their website.
Input your personal details to create an account.
You may be asked to submit your ID to verify your identity.
You can fund your account with e-transfer or wire transfer.
Once your funds arrive, you can start trading and get your $25 bonus.
Crypto trading apps come in various options and choosing the best crypto app could determine your trading success or failure. However, as an investor, you are after a crypto exchange that can earn you profits.
Technology has made it easier to buy and trade cryptocurrencies since you can do so with a mobile application. Fortunately, most crypto trade exchanges have rolled out the best crypto app to help complete trades on the go.
The list above shows you the top platforms to choose from when selecting the best crypto app. Whether you are a newbie or an expert, this guide will be helpful since it highlights what different crypto apps/platforms offer. Thanks for checking out the best crypto app!
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The Ontario Securities Commission suspended permits for several crypto platforms that were not compliant with its regulations. Unfortunately, Binance was among the platforms denied access, making it suspend its operations in Ontario.
Yes, you can buy any XRP amount you need by signing up to one of the asset's notable crypto apps. The account opening and verification processes are typically straightforward, and you can buy the asset within no time.
Recently, Ripple has been slapped with a US Securities and Exchange Commission (SEC) lawsuit. This has resulted in uncertainty around the cryptocurrency, causing it to plunge and be delisted on notable platforms like Bitbuy, Newton, and Coinsmart.
You can safely stash your crypto coins away in offline storage facilities inaccessible through the internet. Most crypto exchange programs have a strict cold storage policy/offline storage to avoid asset loss through theft, computer failure, or access key loss.
The ideal time to hold on to your coin depends on the market and your investing preference. This could mean six months to a year or even a decade. The hope is that your coins will appreciate and make a good profit return. For example, Bitcoin shot to a high of $60,000 recently. However, it should be noted that the value may fluctuate, resulting in a loss.
Yes and no. While trading in crypto coins can make you a fortune, know that you can also lose your investment. Cryptocurrencies are volatile, and it all boils down to choosing the right coin and making a timely investment which can be a challenge.
You need to register with a notable crypto platform and verify your details. The next step is to fund your account and select the currency you want to invest in.
Different crypto exchange platforms have unique deposit methods accepted. However, the most common deposit methods include credit and debit transfers, bank wires, Interac e-Transfer, and direct crypto deposits.
Yes, however, not directly. Most crypto exchange programs have a bonus feature giving you a specific amount in bonus after meeting their trade terms. You can also earn free bonuses by joining the affiliate programs and onboarding your friends into the platform.
Bitcoin continues to set the pace for many other coins. It is no shock to find prominent retailers, individuals, and businesses accepting bitcoin payments. For example, companies such as Microsoft and AT&T accept bitcoin.
See the top crypto deals and welcome bonuses on the market.
