With Cryptocurrencies becoming more and more mainstream, Canadians seemed be jumping onto this trend more then ever. With many crypto scams out there it is increasingly important that investors go with a regulated and trustworthy crypto exchange. That is why we have compiled a list of the top crypto exchanges for Canadians in 2022.
These top crypto exchanges for residents in Canada are fully regulated to provide cryptocurrency products to Canadian investors. We will compare them against each and see which ones are on top. I have personally used all 4 of these crypto exchanges and continue to use them. Non of the exchanges I have used are 100% perfect, all of them have pros and cons to them which we get into as well.
The 4 Top Canadian Crypto exchanges are:
- Coinberry
- Coinbase
- NDAX
- Coinsquare
The Best Crypto Exchanges in Canada 2022
#1 coinberry
Coinberry Summary
Coinberry is undoubtedly one of the top crypto exchanges for Canadians. You most likely haven’t heard of them because they barley advertise themselves.. well that’s because they don’t have to. What makes coinberry stand out from other Canadian crypto exchanges are their low fees (spreads) and zero deposit or withdrawal fees. Coinberry makes money on the “spread” and have fully transparent prices with no hidden charges and no additional fees. Their registration process is simple and easy, in most cases new clients will be able to start purchasing cryptos in minutes.
Features
- 24/7 customer support available via phone, live chat or email
- Supports 20+ cryptocurrencies.
- Low fee crypto provider
- No deposit or withdrawal fees
- Many positive client reviews
- store our member’s information on non-Canadian servers.
- Immediate (0-5min) deposits with interac e-transfer.
- User-friendly App and online trading platform.
List of Cryptocurrencies Offered
- Bitcoin
- Ethereum
- Bitcoin Cash
- Litecoin
- Stellar
- Cardano
- Dogcoin
- Curve
- Kyber Network
- Polkadot
- Synthetix
- Yearn Finance
- Aave
- Balancer
- Uniswap
- Basic Attention Token
- Chainlink
- Compound
- Ripple
Fees and Costs
- Deposit and withdrawal fees – 0%
- Spreads – 0% to 2.5%
Deposit/Funding methods
- Interac e-transfer
- Bank wire transfer
Signup Bonus
Yes receive $30 trading credit after you trade at least $50 with this Link
Best For
Investors or beginners looking for lower fees and the highest bonus credit.
#2 Coinbase
| 0x ZRX | Braintrust BTRST | Fetch.ai FET | Mirror Protocol MIR | Request REQ | Wrapped LUNA WLUNA |
| 1inch 1INCH | Cardano ADA | Filecoin FIL | Moss Carbon Credit MCO2 | Ribbon Finance RBN | XYO Network XYO |
| Aave AAVE | Cartesi CTSI | Function X FX | mStableUSD MUSD | Shapeshift FOX Token FOX | yearn.finance YFI |
| Alchemix ALCX | Celo CGLD | Gala GALA | NKN NKN | Shiba Inu SHIB | Zcash ZEC |
| Alchemy Pay ACH | Chainlink LINK | Gitcoin GTC | NuCypher NU | SKALE SKL | |
| Adventure Gold AGLD | Chiliz CHZ | Gods Unchained GODS | Numeraire NMR | Solana SOL | |
| Algorand ALGO | Civic CVC | Golem GNT | OMG Network OMG | Spell Token SPELL | |
| Amp AMP | Clover Finance CLV | GYEN GYEN | Orchid OXT | Stellar Lumens XLM | |
| Ampleforth Governance Token FORTH | Compound COMP | Harvest Finance FARM | Origin Token OGN | STORJ STORJ | |
| Ankr ANKR | Cosmos ATOM | Horizen ZEN | OriginTrail TRAC | SUKU SUKU | |
| API3 API3 | COTI COTI | IDEX IDEX | Orion Protocol ORN | SuperFarm SUPER | |
| ARPA Chain ARPA | COVAL COVAL | iExec RLC RLC | Paxos Standard PAX | SushiSwap SUSHI | |
| Assemble Protocol ASM | Crypto.com Chain CRO | Immutable X IMX | Perpetual Protocol PERP | Synthetix Network Token SNX | |
| Augur REP | Curve DAO Token CRV | Internet Computer ICP | PlayDapp PLA | tBTC TBTC | |
| Avalanche AVAX | Dai DAI | IoTeX IOTX | Polkadot DOT | Tellor TRB | |
| Axie Infinity AXS | Dash DASH | Jasmy JASMY | Polkastarter POLS | TerraUSD UST | |
| Badger DAO BADGER | Decentraland MANA | Keep Network KEEP | Polygon MATIC | Tether USDT | |
| Balancer BAL | DerivaDAO DDX | Kryll KRL | Polymath POLY | Tezos XTZ | |
| Bancor Network Token BNT | DFI.Money YFII | Kyber Network KNC | Powerledger POWR | The Graph GRT | |
| Band Protocol BAND | District0x DNT | LCX LCX | Quant QNT | Tribe TRIBE | |
| BarnBridge BOND | Dogecoin DOGE | Litecoin LTC | QuickSwap QUICK | TrueFi TRU | |
| Basic Attention Token BAT | Enjin Coin ENJ | Livepeer (LPT) LPT | Radicle RAD | UMA UMA | |
| Biconomy BICO | Enzyme MLN | Loom Network LOOM | Rai Reflex Index RAI | Uniswap UNI | |
| Bitcoin BTC | EOS EOS | Loopring LRC | Rally RLY | USD Coin USDC | |
| Bitcoin Cash BCH | Ethereum ETH | Maker MKR | Rari Governance Token RGT | Voyager Token VGX | |
| Bluzelle BLZ | Ethereum Classic ETC | Mask Network MASK | Rarible RARI | Wrapped Bitcoin WBTC | |
| Bounce Token AUCTION AUCTION | Ethereum Name Service ENS | Measurable Data Token MDT | Ren REN | Wrapped Centrifuge wCFG |
| 0x ZRX | Braintrust BTRST |
| 1inch 1INCH | Cardano ADA |
| Aave AAVE | Cartesi CTSI |
| Alchemix ALCX | Celo CGLD |
| Alchemy Pay ACH | Chainlink LINK |
| Adventure Gold AGLD | Chiliz CHZ |
| Algorand ALGO | Civic CVC |
| Amp AMP | Clover Finance CLV |
| Ampleforth Governance Token FORTH | Compound COMP |
| Ankr ANKR | Cosmos ATOM |
| API3 API3 | COTI COTI |
| ARPA Chain ARPA | COVAL COVAL |
| Assemble Protocol ASM | Crypto.com Chain CRO |
| Augur REP | Curve DAO Token CRV |
| Avalanche AVAX | Dai DAI |
| Axie Infinity AXS | Dash DASH |
| Badger DAO BADGER | Decentraland MANA |
| Balancer BAL | DerivaDAO DDX |
| Bancor Network Token BNT | DFI.Money YFII |
| Band Protocol BAND | District0x DNT |
| BarnBridge BOND | Dogecoin DOGE |
| Basic Attention Token BAT | Enjin Coin ENJ |
| Biconomy BICO | Enzyme MLN |
| Bitcoin BTC | EOS EOS |
| Bitcoin Cash BCH | Ethereum ETH |
| Bluzelle BLZ | Ethereum Classic ETC |
| Bounce Token AUCTION AUCTION | Ethereum Name Service ENS |
| Fetch.ai FET | Mirror Protocol MIR |
| Filecoin FIL | Moss Carbon Credit MCO2 |
| Function X FX | mStableUSD MUSD |
| Gala GALA | NKN NKN |
| Gitcoin GTC | NuCypher NU |
| Gods Unchained GODS | Numeraire NMR |
| Golem GNT | OMG Network OMG |
| GYEN GYEN | Orchid OXT |
| Harvest Finance FARM | Origin Token OGN |
| Horizen ZEN | OriginTrail TRAC |
| IDEX IDEX | Orion Protocol ORN |
| iExec RLC RLC | Paxos Standard PAX |
| Immutable X IMX | Perpetual Protocol PERP |
| Internet Computer ICP | PlayDapp PLA |
| IoTeX IOTX | Polkadot DOT |
| Jasmy JASMY | Polkastarter POLS |
| Keep Network KEEP | Polygon MATIC |
| Kryll KRL | Polymath POLY |
| Kyber Network KNC | Powerledger POWR |
| LCX LCX | Quant QNT |
| Litecoin LTC | QuickSwap QUICK |
| Livepeer (LPT) LPT | Radicle RAD |
| Loom Network LOOM | Rai Reflex Index RAI |
| Loopring LRC | Rally RLY |
| Maker MKR | Rari Governance Token RGT |
| Mask Network MASK | Rarible RARI |
| Measurable Data Token MDT | Ren REN |
| Request REQ | Wrapped LUNA WLUNA |
| Ribbon Finance RBN | XYO Network XYO |
| Shapeshift FOX Token FOX | yearn.finance YFI |
| Shiba Inu SHIB | Zcash ZEC |
| SKALE SKL | |
| Solana SOL | |
| Spell Token SPELL | |
| Stellar Lumens XLM | |
| STORJ STORJ | |
| SUKU SUKU | |
| SuperFarm SUPER | |
| SushiSwap SUSHI | |
| Synthetix Network Token SNX | |
| tBTC TBTC | |
| Tellor TRB | |
| TerraUSD UST | |
| Tether USDT | |
| Tezos XTZ | |
| The Graph GRT | |
| Tribe TRIBE | |
| TrueFi TRU | |
| UMA UMA | |
| Uniswap UNI | |
| USD Coin USDC | |
| Voyager Token VGX | |
| Wrapped Bitcoin WBTC | |
| Wrapped Centrifuge wCFG |
Coinbase Summary
Coinbase is the most popular and known crypto exchange in Canada and the United States. They were the first publicly traded Crypto exchange with the ticker “COIN” on the Nasdaq. To many, knowing this may increase their confidence/trustworthiness in the platform. With that being said, Coinbase is highly regulated and have shareholders to please, this comes with pros and cons. Coinbases KYC (know your customer) and registration process is one of the easiest and quickest of the top crypto exchanges. Coinbases fees are somewhat higher then other exchanges but this also depends on the market volatility at the time and the amount of crypto you are purchasing at that moment. The main reason what makes Coinbase so good is that they offer over 135 Cryptocurrencies to purchase right on their platform. Coinbase is the best Canadian exchange platform for beginners.
Features
- 24/7 customer support available via phone, live chat or email
- Instant account verification
- Most well know crypto platform
- crypto insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.
- Supports 135+ cryptocurrencies.
- All Cryptos available can be withdrawn to crypto wallets
- Ability to trade cryptos with other cryptos instantly.
- Immediate deposits with interac debit.
- User-friendly for beginners and advanced traders.
- 98% of customer funds are stored offline.
Fees and Costs
Deposit/Funding methods
- Interac debit
- Bank wire transfer
Signup Bonus
Yes get $12 worth of Bitcoin for free, when you purchase $127 worth of crypto with this link
Best For
Investors or beginners who are looking to trade a wide range of stablecoins or altcoins but are not to concerned with fees.
#3 NDAX
NDAX Summary
NDAX is a Canadian cryptocurrency exchange which is integrated into the Canadian banking system. NDAX is incorporated in the province of Alberta and has its headquarters in Calgary. Traders using NDAX will benefit from their low trading fees. Their trading platform features high quality charting where you can use custom indicators and draw features. NDAX also has a wide selection of cryptocurrency tokens and coin that are fully withdrawable to your own crypto wallet.
Features
- 24/7 customer support available via phone, live chat or email
- high quality, security and compliance standards for retail clients and institutional clients.
- Supports 20+ cryptocurrencies.
- The ability to withdrawal a wide range of cryptocurrencies to a crypto wallet.
- 5 million USD on its cold wallets to cover internal theft and Hardware Security Module malfunction
- Segregated bank account held at a Canadian Crown-owned financial institution
- Immediate (0-5min) deposits with interac e-transfer.
List of Cryptocurrencies Offered
- Bitcoin
- Ethereum
- XRP
- Tether
- Cardano
- MATIC
- Shiba Inu
- Terra
- USDC
- Decentraland
- Polkadot
- EOS
- Chainlink
- Avalanche
- Fantom
- Dogecoin
- Litecoin
- Hedera
- Stellar
- The Graph
- Axie Infinity
- Uniswap
- Aave
- Compound
Fees and Costs
- Crypto Buying and Selling fee – 0.2%
- Withdrawal fee – $25 flat fee
Deposit/Funding methods
- Interac e-transfer
- Bank wire transfer
- Bank draft
Signup Bonus
Yes $10 with this Link after depositing $100 with NDAX.
Best For
Any beginner or advanced trader looking for a Canadian crypto exchange with tight spreads.
#4 Coinsquare
| Deposit Methods: | Interac e-Transfer, Wire transfer, Wealth Wire, Rushed Wire, Direct Bank Deposit |
| Fiat Currencies: | CAD, USD, EUR, GBP, CHF |
| Deposit Fee: | $0 |
| Withdraw Fee: | 1-2% |
Coinsquare Summary
Coinsquare has been one of the first Canadian crypto exchanges in Canada. The customer experience is always top notch, with any issue being dealt with promptly. Their highly secure login that utilize Google 2FA security will make you gain even more confidence in their services. Fees are relatively low and you are able to deposit Canadian dollars with interac e-transfer within minute and have it ready to purchase crypto. Coinsquare is 100% Canadian and their headquarters are in Toronto Ontario. It is also worth noting that their mobile trading app is one of the worst out of all the established Canadian crypto exchanges.
Features
- 24/7 customer support available via phone, live chat or email
- Instant account verification
- Supports 10 cryptocurrencies.
- Ability to trade cryptos with other cryptos or fiat instantly.
- Low Fees.
- Immediate (0-5min) deposits with interac e-transfer.
- User-friendly for beginners and advanced traders.
- SSL and 2FA enabled, with a 95% cold storage policy on all digital currency.
List of Cryptocurrencies Offered
- Bitcoin
- Ethereum
- Litecoin
- Bitcoin Cash
- Bitcoin Cash SV
- Dogecoin
- Dash
- Ripple
- Ethereum Classic
- Stellar
Fees and Costs
- Trading Fees – QuickTrade – 0.2%-0.4%
- Trading Fees – Advanced Trade – 0.1%-0.2%
- Deposit Fees – None
Deposit/Funding methods
- Interac e-transfer
- Bank wire transfer
Signup Bonus
No but you can sign up with this Link
Best For
Investors who are looking to trade stablecoins or altcoins with the one of the most trustworthy Canadian exchanges.
Top Crypto Exchanges for Canadians FAQ's
Which crypto exchange has the lowest fees in Canada?
One of the lowest fees for a a Canadian crypto exchange is coinberry. coinberry has no deposit or withdrawal fees. The only fee when purchasing crypto is through their “spread,” which is between 0-2.5% more that is offered by their liquidity sources.
What is the best place to buy Bitcoin in Canada?
There are many places to purchase Bitcoin in Canada. Some of the best and trustworthy are Coinsquare, Coinbase and coinberry.
What is the safest crypto Exchange in Canada?
What is the best crypto app in Canada?
The 2 best crypto trading app in Canada are the NDAX app and coinberry app. NDAX has a 4.7/5 rating on the apple app store. Coinberry on the other hand has a 4.5/5 rating on the apple app store.
Which Cryptocurrency exchange would you NOT recommend to Canadians?
I would not recommend the following exchanges/platforms for buying and trading Cryptos:
Wealthsimple Crypto – Why? – high fees and large spread, no option to withdraw physical coins or token into a wallet.
Skrill Crypto platform – Why? – High fees and large spreads, only allowed to withdrawal bitcoin to a wallet.
Blockchain.com – Why? – Limited deposit feature with limited support for Canadians, small selection of tokens and coins.
Pros and Cons Top 4 Crypto Exchanges for Canadians
Coinberry Pros/Cons
coinberry Pros: Some of the lowest fees in Canada. Great mobile app
coinberry Cons: Somewhat of a low trustpilot review score.
Coinbase Pros/Cons
Coinbase Pros: High selection of cryptos to purchase and are withdrawable to a compatible wallet (135+). Good mobile app.
Coinbase Cons: Higher fees than its competitors.
Coinsquare Pros/Cons
Coinsquare pros: Highly secure and simple to use.
Coinsquare Cons: Lack of Cryptocurrencies available to purchase (10 Cryptos). Terrible Mobile app.
NDAX Pros/Cons
NDAX Pros: Great mobile trading app with high user rating. Excellent charting features.
NDAX Cons: The flat rate withdrawal fee ($25) is very high when withdrawing smaller amounts. Ex. $100-$25 fee = $75
Crypto Trading For Canadians
With Cryptocurrencies here to stay, it is important to trade with the very best Crypto exchanges for Canadians for 2022. Investing and making money with cryptos is not easy and in some cases is risky.
With so many untrustworthy exchanges on the web today it is not surprising to find beginners feeling uneasy dipping their toes into cryptos.
Our goal was to put those feelings at ease with our list of the top 4 crypto exchanges for Canadian residents.
About This Article
Author: Mark Prosz
Sources of information and credits for this post include:
https://help.coinbase.com/en/coinbase
https://help.coinberry.com/
https://help.ndax.io/
https://help.coinsquare.com/hc/en-us
*A portion of the Sign up links to brokers websites are affiliate links. We may receive a commission with no charge to you. This enables us to keep creating helpful content for our readers for free.
