Best Crypto Brokers and Trading Platforms in Canada

28 Aug Best Crypto Brokers and Trading Platforms in Canada

Best Crypto Brokers and Trading Platforms in Canada

This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose. It ensures that the exchanges are operating in your interest with the guidelines set by the local regulators.

Peer to Peer Exchanges

• Overall, the broker provides solid payment options that cater to a wide range of trader preferences.
• It is a Canada-based company and offers a wide selection of crypto assets to choose from.
• Bitget is a highly recommended crypto trading platform in Canada for its innovative features.
• For those interested in leverage trading, BYDFi stands out as the premier crypto exchange.
• Newton is one of the best platforms in Canada for charging a low spread on trades instead of traditional fees.
• Its service is available in Canada with more than 100 other countries worldwide.
• If you’re holding a position of significant size, it may be worth placing multiple, smaller stop losses.

Ensure the platform also supports your preferred language and complies with local regulations to facilitate a hassle-free trading experience. The platform is designed to make crypto transactions as straightforward as possible, offering seamless onboarding for new users. In addition to its web platform, Coinbase has a highly rated mobile app that offers all the functionalities needed to manage digital assets on the go. From buying and selling Bitcoin to exploring hundreds of altcoins, Coinbase provides users with access to a broad spectrum of the crypto market. You can fund your account using Interac e-Transfers, wire transfers, and crypto deposits.

Who Regulates Crypto Trading in Canada

The customer support team at VirgoCX helps users and promptly addresses issues. There are no deposit fees, and the network expenses of cryptocurrency withdrawals are covered by a monthly subsidy of up to $6 CAD. We recommend Gemini to be the best crypto exchange in Canada as cryptocurrency broker canada it offers a safe and regulated marketplace for purchasing, selling, and holding cryptos. Gemini, which was founded in 2014 by the Winklevoss twins, is renowned for its strict adherence to financial regulations and security protocols.

• Most exchanges and brokers allow you to link your bank account directly for a bank transfer, or you can use a bank wire to deposit money.
• Unlike most other leverage trading platforms that offer a maximum of 100x or 125x leverage, BYDFi surpasses the competition by a significant margin.
• Regulating Canadian cryptocurrency would also protect Canadian investors from fraudulent activities.
• There is little to no regulation of this trading field, and cryptocurrency is not backed by the government.
• FINTRAC analyzed a sample of approximately 5,000 suspicious transaction reports related to fentanyl and synthetic opioids that were filed between 2020 and 2023.
• In addition, crypto exchanges are also required to comply with anti-money laundering (AML) and counter-terrorist financing (CTF) policies.
• It is a Fintrac regulated exchange, supporting a wide range of currencies including BTC, Ether, USDT, DAI, Bitcoin Cash, Doge, UNI, Litecoin, USDC, XLM, EOS, and PAXG.

Payment methods

Based out of Montreal, Canada, Shakepay enables its users to exchange Bitcoin in minutes with Interac e-transfers. The Shakepay application is available on both Google Play Store and iOS App Store. To date, Shakepay has facilitated more than 3 billion in digital currencies bought and sold. There are some restrictions on the supported cryptocurrencies for residents within Canada to be aware of. Certain assets cannot be deposited, held, or traded on Kraken for users in Canada such as EWT, GRT, ANKR, BNT ENJ, FLOW, GHST, LPT, MATIC, MKR, RARI, REN, SAND, SUSHI or ZRX.

Good Features to Look For

If you like spot trading, the fees are 0%, and if you prefer futures trading, the fees are 0% for makers and 0.01% for takers. You can also take advantage of this unique limited offer, where you can claim 10% off all your trading fees and receive $30 FREE USDT using our link. Before signing up to the exchange, first, confirm if there are deposit and withdrawal fees to fund your account. Some exchanges charge a flat fee no matter the size of the trade, others charge a percentage. The fee will be built into the spread, the difference between the sell price and buy price. NDAX, the National Digital Asset Exchange, is the best crypto exchange in Canada for low fees, charging just 0.2% on all trades.

They also offer a rewarding loyalty scheme that allows traders to earn their own native cryptocurrency (KCS). KuCoin has an extensive array of additional features that experienced traders will love. Margin trading, Spot trading, P2P marketplace, Futures trading and Crypto lending are all available on this platform. Coinberry is a Canadian crypto exchange founded in 2017, with a focus on making it simple for Canadians to buy and sell cryptocurrency. They started off with only a few coins on offer, but have now expanded to support 37 of the most popular cryptocurrencies.

How To Buy Bitcoin in Canada: 20 Best Ways

We particularly liked Eightcap’s tight spreads and low trading fees, especially on its Raw account, where spreads start at 0.0 pips with a commission of $3.50 per lot. The inclusion of both MetaTrader 4 and MetaTrader 5 platforms ensures that traders have access to robust tools for analysis, automation, and order execution. The broker’s diverse asset offering, including 250+ cryptocurrencies, caters to modern trading trends and expands opportunities for portfolio diversification. Coinbase is a leading platform in the cryptocurrency space, offering users a simple and secure way to buy, sell, and manage digital assets.