Cheapest Cryptocurrency Exchange (October 2026)

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 ever before.

In fact, according to CoinMarketCap, there are currently over 10,100 cryptocurrencies in existence as of May 2022. This number continues to grow by the day. Looking for the cheapest cryptocurrency exchange? Our guide is all you need to buy & sell cryptocurrency in the most cost-effective way.

For Canadians looking to buy cryptocurrency, Bitbuy offers the most competitive pricing. Coinsmart comes in at a close second as one of the cheapest cryptocurrency exchanges. And Coinberry is the third cheapest on our list. Other cost-effective exchanges include Newton, VirgoCX, Shakepay, Netcoins, NDAX.io, Crypto.com, KuCoin, Gemini, Coinbase, Binance, Coinmama, and CEX.IO.

You may not realize that your choice of cryptocurrency exchange dramatically impacts how much money you can make from trading. As a result, choosing the best of these platforms is essential as a crypto trader. The most important thing to consider is how convenient buying and selling digital currency is.

While considering security and safety, look into how much the exchange charges transaction fees. As such, finding the cheapest cryptocurrency exchange that offers the best rates will save you both time and money. Below we have reviewed some of the top crypto exchanges available today regarding transaction fees. We hope that this review helps you find the best place to buy, sell, trade, and store your coins safely.

What to Consider When Finding the Cheapest Cryptocurrency Exchange?

The first thing to consider is whether or not the exchange offers fiat onramps. If you want to purchase Bitcoin (BTC) or Ethereum (ETH), you need to fund your account. You do this using traditional bank accounts like credit cards or debit cards. While many platforms allow users to deposit funds via wire transfer, these methods carry high fees and take days to clear.

You’ll also want to check if they allow you to deposit using your local currency. Some platforms only accept deposits in USD, while others don’t care where you get your money. However, you should be able to deposit and withdraw using Canadian dollars.

Another factor to consider is whether the exchange supports multiple cryptocurrencies. Suppose you plan to invest in several different types of altcoins. In that case, you’ll want a platform that allows you to swap between them easily.

Also, you need to consider the ease of use. If you’re new to crypto trading, you might be overwhelmed by all the different options. A good exchange should provide intuitive user interfaces so that you don’t have to spend hours learning about complex features.

Here are the main features you must look for in any cryptocurrency exchange before signing up:

Payment Options

A cryptocurrency exchange should have a plethora of payment options to suit several users. You should be able to use the most common alternatives like traditional bank transfers and credit cards. Aside from the available methods, check to see what fees you have to pay for using them.

Supported Coin

The more coins the exchange supports, the better for you. Of course, this should include the common ones like Bitcoin, but less popular options should also be available.

Website’s Interface

If you’re new to the scene, you need an accessible site. Avoid cryptocurrency exchanges whose page is too clustered for you to understand. Once you have found your footing, these complicated platforms won’t be a problem.

Transaction Fees

You don’t want the stress of paying extra every time you transact on an exchange. Therefore, one of the questions you need to answer is how much it takes to buy and sell. If the extra fees it incurs are too high, opt fr another option.

Customer Support

Customer support should be your first stop when you face difficulties on these platforms. This section is where you should be able to get answers to your questions. No matter how challenging it is. So, you can see why it’s necessary to have reliable customer service available. 

While these sites would have an FAQ page, you should look for more diversity. There should be an email address you can message and live chat to connect with a representative. The best of these sites would have a telephone number you can call to speak to someone directly. Furthermore, you should check to see how many hours they work daily.

Regulation and Security

One of the most crucial aspects you should consider is the regulation. What license do these sites have to operate? What jurisdiction can they offer services legally? Always ensure that these exchanges have legal backing before creating an account.

Furthermore, they should boast of security protocols that keep your money safe. Ensure they use cold storage to protect your assets. It’s also good to read their terms and conditions and learn more about their privacy policy.

Trading Tools

Even if you’re an experienced trader, you need tools to facilitate your work. Some of the essential things to look for include an OTC desk and a live order book.

The Cheapest Cryptocurrency Exchange: Top 15 Ranked

This review will cover the top 15 ranked exchanges based on their fees, customer support, and reputation. Keep reading to learn which exchange is the cheapest among the best!

Bitbuy

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• Serving 350,000+ Canadians
• Over $4 billion traded
• Refer a friend and get $40

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1. Bitbuy

Bitbuy is a Canadian cryptocurrency exchange that opened its doors in 2016. The Toronto-based company has over 400,000 Canadian traders, thanks to its ease of use and low fees. Its simple interface makes it easy for beginners to navigate and even easier for those who already know what they’re doing.

Bitbuy is the cheapest cryptocurrency exchange in Canada, with 0.1% – 1.5% transaction fees. Since it’s available to only Canadian residents, it only accepts Canadian dollars for transactions. Users can deposit funds through Interac e-transfers, crypto deposits, and bank transfers.

Furthermore, the exchange is the first regulated cryptocurrency marketplace in Canada and is registered under FINTRAC. All funds on Bitbuy’s cold storage are maintained by BitGo Trust Company with an insurance cover, giving you peace of mind.

Cryptocurrency traded: Bitcoin, Ethereum, Solana, SushiSwap, UniSwap, Bitcoin Cash, AAVE, Cardano, Chainlink, Polygon, Dogecoin, Litecoin, EOS, Polkadot, Stellar Lumens.

Minimum Deposit: $50

Bonus: Bitbuy offers a $30 welcome bonus when you sign up on the platform and make your first transaction.

Fees: Pro trade fee 0.1% – 0.20%, express trade fee 0.20%. CAD deposits and withdrawals using Interac e-transfer incur a 1.50% fee. On the other hand, bank wires CAD deposits incur a 0.50% charge, while withdrawals incur a 1.00% transaction fee. Digital currency withdrawal fees vary.

CoinSmart

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• Smart trade feature for quick trading
• Instant account verification
• Fund through e-transfer

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2. CoinSmart

Also based in Toronto, Canada, CoinSmart is another popular choice for Canadians looking to buy bitcoin and other cryptocurrencies. This cryptocurrency exchange is registered as a money exchange business with FINTRAC and audited by the Ontario Securities Commission (OSC).

The platform supports several deposit methods, including credit and debit cards, Interac e-transfers, wire transfers, bank draft, and ETF. However, transaction fees vary depending on the method used.

Cryptocurrency traded: Bitcoin, Ethereum, Avalanche, Polygon, Solana, Bitcoin Cash, Litecoin, Stellar, Cardano, EOS, NEO, Tether, Uniswap, Chainlink, Shiba Inu, and Polkadot.

Minimum Deposit: $100

Bonus: You can get $50 CAD worth of Bitcoin when you sign up using the promo code COMPAREWISE. You have to note that you must fund your account with a minimum of $200.

Fees: The trading fees on CoinSmart range from 0.20% to 0.30%. Deposits via wire transfer are free, while withdrawals incur a 1.00% fee. Fees on Interac e-transfers vary between 0% and 1.5%, while debit/credit cards may go up to 6%.

Coinberry

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• Over 35 cryptocurrencies available
• Cheapest crypto exchange, 0% deposit & withdrawal fees
• Fund using e-transfer

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3. Coinberry

Next on our list of the cheapest cryptocurrency exchange in Canada is Coinberry. Though it launched in 2017, this crypto exchange is one of the most affordable platforms on our list. Coinberry comes with zero fees when depositing or withdrawing CAD.

Users can fund their accounts using various deposit methods like credit cards and debit cards. Others include Interac e-transfer, crypto deposits, and wire transfer.

Coinberry became the first Canadian crypto exchange to provide Bitcoin tax payment through its partnership with the Richmond Hills and Innisfil cities. Its most appealing feature is the Coinberry Autopilot. The feature allows you to purchase crypto automatically through the dollar-cost averaging strategy.

Cryptocurrency traded: Supports 18 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, and Stellar.

Minimum Deposit: C$100

Fees: There are no fees for CAD deposits and withdrawals. However, each spread may have a trading fee ranging from 0% to 2.5%.

Newton

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• Get a $25 bonus when you sign up
• Canada's low-cost crypto trading platform
• Instant account verification & e-transfer deposit

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4. Newton

Newton launched in January 2018 and has solidified itself as one of the leading crypto exchanges in Canada. It provides a fast signup process and instant verification to ensure users can start buying and selling cryptocurrencies within minutes.

It also boasts an easy user interface that makes it easy for beginners to navigate. Newton’s main focus lies on security and privacy. The company stores most of its funds offline to protect against hacks and security breaches. It also holds all customer information exclusively in Canada to ensure maximum protection.

Another benefit of using Newton is that it provides Canada’s most extensive cryptocurrency portfolio, with over 80 coins available for trade. Newton also updates this list monthly to ensure users access the latest altcoins.

Cryptocurrency exchanged: Bitcoin, Ethereum, Litecoin, Stellar, Bitcoin Cash, Dogecoin, USDC, USDT, Chainlink, Aave, and Uniswap.

Minimum Deposit: C$100

Bonus: Users can refer their friends and earn C$25 on each new and qualified signup.

Fees: Newton doesn’t charge any fees on CAD deposits and withdrawals. However, there’s a 0.40% to 0.72% spread depending on the coin.

VirgoCX

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• Zero deposit fees for e-transfer or wire transfer
• Zero trade fees, trade fast and free
• Trade 25+ cryptocurrencies for free

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5. VirgoCX

If you need a well-grounded crypto trading platform, check out VirgoCX. Founded in 2018, VirgoCX aims to provide everything a Canadian needs to start navigating through the crypto world effortlessly.

One significant advantage of using VIrgoCX is that it allows you to deposit and withdraw in CAD and USD. Furthermore, there are no deposit, withdrawal, or trading fees on the platform, making it the cheapest cryptocurrency exchange on this list.

The best part about VirgoCX is that it caters to all levels of investors. These include people looking to trade all types of coins to miners and traders who want to trade large blocks. Its same-day, no-limit, rapid settlement system ensures that trades are processed quickly and efficiently.

As if these aren’t enough, VirgoCX covers the first $6 in mining fees when withdrawing ERC20 tokens. As a security measure, the company maintains a 95% cold storage policy to ensure your money remains safe. It also requires a 2-factor authentication (2FA) to log into your account.

In addition, it supports over 50 cryptocurrencies, including stablecoins, altcoins, and metaverse coins. It also offers an NFT marketplace where users can buy and sell collectibles.

Cryptocurrency traded: Bitcoin, Ethereum, Doge, Shiba Inu, Tether_TRC20, Decentraland, etc.

Minimum Deposit: This depends on the payment method used. There’s no minimum when depositing CAD using Interac e-transfer, while the minimum amount for wire transfers is $3,000. The minimum USD deposit via wire transfer is $500, while crypto deposits are free.

Fees: Cash deposits and withdrawals are free. Crypto deposits are free, while withdrawals are free for all major coins. Spreads, however, attract a 0.5% – 1% fee.

Shakepay

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• Fast, secure, & reliable
• Zero fees to trade crypto
• Crypto Visa card included

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6.  Shakepay

ShakePay provides Canadians with a fast, secure, and reliable way to purchase digital currencies. While you may not consider them a fully blown crypto exchange, their app makes it easy for beginners to get started. It provides the essential tools for buying and selling Bitcoin and Ethereum.

Shakepay also doesn’t charge any fees for its services. This is possible because users don’t trade among themselves but with the platform. What they do is they add a few extra cents to the purchase of cryptos and remove some from the selling price.

The Montreal-based company allows users to deposit and withdraw CAD via Interac e-transfer and wire transfer. Another great thing about ShakePay is that it has a mobile app which means you can use it anywhere you go.

The most significant appeal of ShakePay is that it offers a crypto VISA card. With this card, users can spend their cryptocurrency wherever Visa is accepted and get cashback in Bitcoin. Getting a card is easy. You need to complete the signup process and request it on the dashboard.

Cryptocurrency tradable: Bitcoin and Ethereum.

Minimum Deposit: $5

Fees: Deposits and withdrawals are free. However, the platform charges 1.2% to 2.5% for trading.

Netcoins

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• Fast, one-click trading
• Pay bills and make purchases with crypto
• Earn cashback in BTC

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7.  Netcoins

Netcoins is the oldest site on our best cryptocurrency exchange list. Since its founding in 2014, this Canadian exchange has supported cryptocurrency exchange with CAD and USD. Therefore, it allows users to get their hands on crypto.

The platform didn’t start as a crypto exchange. It provided Bitcoin automatic teller machines (ATMs) at launch while providing more established institutional investors private trading services. Netcoins has since expanded to become a convenient and reliable trading platform that caters to all levels of traders.

Like Shakepay, Netcoins offers a VISA prepaid card that allows you to withdraw your crypto earnings as Canadian dollars. You can use it to pay bills and complete transactions wherever VISA is accepted. Plus, you earn a cashback in Bitcoins whenever you use the card.

Another unique feature of Netcoins is its one-click trade and limit orders that allow you to buy or sell cryptocurrencies without any professional assistance. Also, the platform boasts an intuitive interface that is easy to navigate and understand.

Tradable assets: Netcoins currently supports 11 coins, including Bitcoin, XRP, EOS, Bitcoin Cash, Tether, Litecoin, Ethereum, ALGO, etc.

Minimum Deposit: $50

Fees: You can deposit and withdraw your CAD free of charge. You can also deposit your crypto for free; however, withdrawal attracts a flat fee (Bitcoin – 0.0005 BTC). Crypto asset trading attracts a 0.5% fee plus additional spread/markups.

NDAX

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• Instantly buy crypto with low 0.2% trading fees
• Lowest fees in Canada plus earn more with staking
• Largest portfolio of coins in Canada

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8.  NDAX

NDAX.IO is a relatively new exchange that was founded in 2017. The Calgary-based crypto exchange provides a wide range of services that help users monitor their assets. It supports instant deposits and withdrawals in Canadian dollars, a mobile app for iOS and Android, low trading fees, and other asset management tools.

It offers some of the lowest fees, making many Canadians believe NDAX.IO is the cheapest cryptocurrency exchange available. It doesn’t even charge any fees when depositing funds.

Security is also something NDAX.IO takes seriously. The platform’s partnership with Ledger Vault ensures that user funds are kept safe in cold storage. Furthermore, the platform hasn’t experienced any cyber attack since its inception compared to other companies in the industry.

NDAX also offers a variety of payment methods for Canadians who want to make purchases using CAD. Users can fund their accounts through Interac e-transfer, Wire transfer, and bank draft. However, it doesn’t support payments with credit or debit cards.

Tradable Assets: NDAX.IO supports over 13 digital currencies, including Bitcoin, Dogecoin, Cardano, Litecoin, USDT, Compound, Aave, Chainlink, Ethereum, XRP, Polygon, EOS, Stellar Lumens, Polkadot, Uniswap, and many more.

Minimum Deposit: There are no minimum or maximum deposits and withdrawals on the platform.

Fees: Deposits on the platform are free. You can also send, request, and gift cryptos to other NDAX users for free. However, there’s a fixed 0.2% fee on all buy and sell orders. Bank and wire withdrawals also attract a $25 fixed fee. Then there are hidden fees on spreads.

Crypto.com

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• Accessible in most countries
• Stacking capabilities to earn interest
• Several tiers of Visa cards

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9.  Crypto.com

Crypto.com is another popular Canadian crypto exchange that has been around for quite some time now. With over 10 million users, Crypto.com has become one of the most trusted platforms among beginners and seasoned traders alike.

Crypto.com only recently opened its doors to Canadian residents in January 2021, but it already has a strong presence in the country. Furthermore, it provides a more mature experience than other Canadian exchanges.

Besides supporting over 250 cryptocurrencies, Crypto.com allows users to deposit any coin for free. Thus, it is ideal for people looking to uncover the best altcoins before others find them.

Crypto.com also has unmatched features such as options and futures trading, interest-bearing coin staking, and an intuitive wallet. Furthermore, it allows you to trade coins with up to 10x leverage when you feel confident about your trades. Plus, it allows you to buy newly listed coins at up to 50% off the market price.

Tradable assets: Crypto.com supports over 250+ tokens, including Bitcoin, Ether, Ripple, Dash, Monero, Zcash, NEO, Binance Coin, and Cronos.

Minimum Deposit: $20

Fees: Deposit is free. New users enjoy three months of free trading with an average trading fee of 0.4% from the fourth month.

KuCoin

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• Available in over 150 countries
• Supports 500+ cryptocurrencies
• Great for beginners and pros

Trade over 600 coins for extremely cheap fees, starting at only 0.1% - Claim this offer

10.  KuCoin

KuCoin is yet another popular Canadian crypto exchange based in Canada. The company was founded in 2017 and currently boasts over 200 coins and 400 markets. The main reason why KuCoin remains so popular is that it doesn’t force KYC verification. This means that anyone can open an account without providing personal information.

KuCoin offers one of the most impressive suites of tools available on any exchange today. It includes margin and futures trading, fiat onramp, non-custodial trading, lending and staking services, peer-to-peer trading, etc.

Tradable assets: KuCoin supports over 200 + cryptocurrencies, including Bitcoin, Ethereum, Tether, Binance Coin, Cardano, XRP, USD Coin, Dogecoin, Polkadot, Uniswap, and more.

Minimum Deposit: $5

Fees: KuCoin bases its fee on a tiered taker/maker system where trading fees range between 0.0125% and 0.1% depending on your tier level. This makes it another option when looking for the cheapest cryptocurrency exchange.

Gemini

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• Secured with a state-of-the-art storage system
• Buying and selling crypto is simple, reliable, and secure
• 24/7 customer support

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11.  Gemini

Gemini might be just what you’re looking for if you need a user-friendly platform that makes it easy to buy and sell digital currencies. Its features cater to all types of traders, from casual investors to experienced professionals.

The exchange is known for being extremely secure, so industry experts often recommend it. While it boasts low transaction costs, its fees are higher than others on the list. Therefore, it’s not suitable for people who like making small trades.

However, Gemini outweighs this lapse with other benefits such as a hot wallet and crypto prepaid card. Users can also enjoy interest-earning accounts, peer-to-peer trading platforms, and more.

Tradable assets: Gemini supports over 70 currencies. These include but are not limited to Bitcoin, Chainlink, Dogecoin, Polygon, Uniswap, Bitcoin Cash, Ethereum, and Dai.

Minimum Deposit: $2

Fees: Like every of the cheapest cryptocurrency exchange, the fees on Gemini varies. It has a fixed amount for trades under $200 and as little as 1.49% for transactions above $200. However, users who prefer debit and credit cards pay higher fees of 3.49%.

Coinbase

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12.  Coinbase

Since the exchange debuted in 2012, it has gathered an enormous following. Today, it is one of the largest and cheapest cryptocurrency exchange sites by trading volume. An intuitive interface and a user-friendly site are the best places to start as a beginner.

Buying and selling is a breeze, as it supports several cryptocurrencies. Users can earn interest in their balances or get a small amount of a new virtual currency via Coinbase. One thing to note is that you’ll have to deal with high transaction fees when using this platform.

Thankfully, upgrading to Coinbase Pro eliminates this problem by lowering its service fee. It also comes with several perks exclusive to pros.

Furthermore, it is accessible via the web and mobile devices like Android and iOS. Both platforms offer the same experience and are simple to use.

Tradable assets: Trading on Coinbase is possible in over 100 cryptocurrencies. Some of the options available include Bitcoin, Ethereum, USD coin, Dogecoin, Algorand, and Stellar lumens. Its list of virtual coins is still growing with the introduction of more of these currencies.

Fees: The trading fees on Coinbase Exchange follow a maker-taker fee model. Orders that provide liquidity (maker orders) incur different fees than orders that receive liquidity (taker orders). Amounts depend on the pricing tier when you place an order, not where you would be in after a trade. When placing an order at the market price, the platform considers you a taker and charges a fee between 0.5% and 0.6%.

Binance

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• Trade 65+ cryptocurrencies
• A low-cost crypto trading platform for Canadians
• P2P trading, spot trading, and margin trading

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13.  Binance

You can’t mention the cheapest cryptocurrency exchange platforms without mentioning Binance. Binance offers a wide range of trading opportunities to its users. In addition to spot trading, the top platform allows users to trade margins, options, and futures around the clock.

Binance Futures has become one of the most liquid derivatives exchanges globally because of its wide range of trading pairs. Orders for purchase and sell will always be filled on time, and traders will not have to worry about slipping.

Another perk of Binance Futures is its incredibly inexpensive charge structure. Traders can keep more of their hard-earned gains as maker/taker fees might be as little as 0.000 percent /0.017%. Holding BUSD or BNB reduces these fees even further.

Every trader can benefit from Binane Futures’ generously wide range of leverage, from $0 to $50,000, regardless of their current account balance. The opportunity to gain regardless of market direction makes this strategy so intriguing. Users can utilize trading tactics like Grid Trading and TWAP with Binance Futures to take advantage of price fluctuations.

Trading Assets: Binance Futures has various cryptocurrencies available. From Dogecoin and Shiba Inu to DeFi tokens, over 530 crypto-to-crypto trading pairs are here. It continually adds new currencies to ensure the greatest possible trading experience.

Minimum Deposit: $50

Fees: If you don’t use Binance coin, you pay a standard 0.1% fee.

Coinmama

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• Buy crypto with a credit or debit card
• Fees from 5.5% to 5.9%
• Made for newcomers

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14.  Coinmama

Coinmama is another straightforward platform that is suitable for beginners. You can transact in dollars or bitcoin, depending on your preference. As a result, you can buy as little as $30’s worth of bitcoin at the current spot trading price on the site’s marketplace.

Before making purchases on the site, you’ll need to buy an online crypto wallet from a different provider to protect your funds. If you’re a newbie and don’t already have a crypto wallet, Coinmama advises ZenGo.

Trading assets: Bitcoin, Ethereum, Tezos, Ripple, Bitcoin Cash, Litecoin, Cardano, Dogecoin, Uniswap, and Chainlink are available on Coinmama. However, customers can only trade bitcoin for fiat currency (such as US dollars) on the exchange.

Minimum Deposit: $30

Fees: Coinmama charges a fee based on the market rate of TradeBlock’s XBX Index plus 2% to trade cryptocurrencies. There is also a commission fee of up to 3.81% on cryptocurrency purchases and 0.9% on bitcoin sales.

CEX.io

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• Earn crypto by staking on CEX.io
• Get CEX.io birthday bonuses
• Buy crypto with a debit or credit card

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15.  CEX.IO

CEX.IO is a global cryptocurrency exchange that allows users to buy, sell, borrow, and earn cryptocurrency. Experienced crypto traders will find what they seek on CEX.IO, with its vast choice of tradable assets and comprehensive trading tools.

CEX.IO is regulated and licensed to operate in all jurisdictions where it provides services, ensuring that investors are using a secure platform. It also allows you to earn cryptocurrency. Users can generate crypto money by staking cryptocurrency held on the exchange.

The best part of using this platform is that it lets users take out crypto-collateralized loans in fiat currency. Therefore, loyal crypto holders can keep their savings in crypto even if they have a temporary need for fiat currency.

Trading assets: Users have over 100 cryptocurrency options available

Minimum Deposit: $20

Fees: It charges 0.03% for transactions over $2,500,000.

What to Know Before Buying Bitcoin

At the time of this writing, the value of 1 Bitcoin is just shy of $40,000. But don’t worry, you can still buy Bitcoin in fractional amounts even if you aren’t obscenely wealthy. Before you buy your slice of Bitcoin pie, however, there are a few things you’ll need to do first. These include: 

• Set up an account with a reputable cryptocurrency exchange. 
• Collect the documents needed to verify your identity for Know Your Customer (KYC) exchanges.
• Get a cryptocurrency wallet.
• Set up your wallet.
• Make sure you have a fast, reliable internet connection. 

You’ll also need to go into the experience with an understanding that cryptocurrencies—and Bitcoin in particular—can be volatile, drastically changing in value from one day to the next. With that in mind, never invest more than you can afford to lose when purchasing cryptocurrency.

Learn how to sign up and claim your bonus from Newton.3 mins

Download app

Download the Newton app from their website.

Create an account

Input your personal details to create an account.

Verify your account

You may be asked to submit your ID to verify your identity.

Fund your account

You can fund your account with e-transfer or wire transfer.

Start trading

Once your funds arrive, you can start trading and get your $25 bonus.

Cheapest Cryptocurrency Exchange Conclusion

Whether you’re a newbie or an experienced trader, the cheapest cryptocurrency exchange platforms make trading better. Besides being less expensive, you can trade in several currencies and enjoy other perks. Now that you know the best of these exchanges, you only have to select one that suits you best. Thanks for checking out the cheapest cryptocurrency exchanges.

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