Top 9 Crypto Exchanges in Canada in 2025 (Fully Regulated)

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Finding the best crypto exchanges in Canada can be difficult since the Canadian government has specific regulations surrounding cryptocurrencies. This is why we tested over 30 crypto exchanges that are available in Canada to find those that are fully compliant with local laws. Our research methodology included a range of key metrics, such as fees, safety, payment methods, supported coins, user experience, and trading features.

Based on our research, Kraken stands out from the competition due to its competitive trading fees and support for 200+ CAD pairs. You’ll also be able to make deposits and withdrawals in Canadian dollars. Moreover, this crypto exchange is suitable for both beginners and experienced traders who can make use of its advanced trading dashboard – Kraken Pro. Other top contenders include Coinbase Canada, Bitbuy, and Best Wallet, each with its own set of advantages.

Keep reading to learn all about them and pick the right Canadian crypto exchange for your needs!

The Best Canadian Cryptocurrency Exchanges Reviewed

There are numerous factors to consider when weighing up which crypto exchange to use, especially when taking into consideration details that are unique to Canada, such as specific regulations and the use of the Canadian dollar.

Our experts have reviewed the best Canadian crypto exchanges in full, highlighting the standout features for each platform. Read on to find the most suitable option for you.

1. Kraken — Overall Best Canada Crypto Exchange in 2025

In our view, Kraken is the best Canadian cryptocurrency exchange on the market. Founded in 2011, Kraken has been offering crypto trading services for more than 13 years. It offers two ways to buy and sell crypto. First, the basic Kraken exchange is aimed at beginners. You simply need to choose which crypto you want to buy, type in the amount, and confirm the order.

Experienced investors might consider Kraken Pro. This is an advanced trading dashboard that comes packed with features. You’ll find real-time charts with technical indicators, drawing tools, custom order types, and in-depth order books.

After registering and uploading KYC documents, you can easily deposit Canadian dollars. Accepted payment methods include domestic wires, in-person bank deposits, and Interac e-Transfer. Debit and credit cards are also accepted. Trading commissions on Kraken start at just 0.26%. Lower fees are available when trading larger amounts. The minimum deposit is just $10.

Visit Kraken

2. Coinbase Canada — Best for First-Time Crypto Investors

First-time investors might consider Coinbase the best option. This user-friendly crypto exchange was founded in 2012. It boasts a regulated framework, robust security, and a public stock listing on the NASDAQ.

Coinbase Canada accounts take under 10 minutes to open – including the ID verification process. Canadians can then buy Bitcoin instantly with a debit/credit card. You can also buy 200 other coins, including some of the best cryptocurrencies to buy, such as Ethereum, Uniswap, Chainlink, Dogecoin, Polygon, and Solana.

In terms of fees, using a debit/credit card to buy crypto will cost you 3.99% of the investment amount. The other option is to deposit funds via Interac e-Transfer — this is fee-free. You can reduce trading commissions by using the advanced dashboard. This comes with charting tools and technical indicators, so it might not appeal to newbies. Coinbase is available on desktop and mobile browsers. It also offers a native mobile app for iOS and Android.

Visit Coinbase

3. Bitbuy — Crypto Exchange in Canada With 0% Interac e-Transfer Deposits

Next is Bitbuy, a Canadian cryptocurrency exchange that was founded in 2016. Headquartered in Toronto, Bitbuy is registered with FINTRAC and approved by the Ontario Securities Commission. It also has approval from the Canadian Securities Administrators, ensuring a safe trading experience.

Bitbuy is the best option for depositing funds with Interac e-Transfer. You won’t be charged any deposit fees. What’s more, the payment will be credited in under 30 minutes. The minimum Interac e-Transfer deposit is just $50. Bank wires are also fee-free, but the minimum increases to $10,000. Other options include debit/credit cards and Apple Pay. However, fees range from 1.95% to 2.95%.

Once you’ve made a deposit, you’ll need to pay trading commissions. Beginners might consider the ‘Express Trade’ feature. Although this costs 2% of the purchase amount, it’s particularly useful for first-time investors. Experienced traders can use the ‘Pro’ tool, which reduces the commission to 0.10%. Bitbuy supports Bitcoin and 42 altcoins.

4. Best Wallet — Decentralized Crypto Exchange With Complete Anonymity

We found that Best Wallet is one of the best decentralized crypto exchanges for Canadians. As a decentralized exchange, or DEX, you won’t be required to open an account. There is no need to provide personal information, contact details, or ID verification documents.

Instead, Best Wallet enables you to trade in complete anonymity. All you need to do is connect a private wallet to Best Wallet and choose which crypto coins to trade. Currently, Best Wallet supports all coins on the Ethereum, BNB Chain, and Polygon networks. Other networks will be added soon. Best Wallet uses external liquidity pools to facilitate trades. This means Canadians get the most competitive prices in the market.

Best Wallet is also a great option for storing cryptocurrency. It comes as a mobile app for iOS and Android. You can protect the wallet with two-factor authentication, a passcode, and biometrics. Best Wallet will soon be launching a native token, BEST. This is tipped to be one of the best future cryptocurrency projects.

Visit Best Wallet

5. Crypto.com — Zero-Fee CAD Bank Transfers and 0.075% Commissions

Last on this list of Canadian exchanges is Crypto.com. We found that this exchange offers some of the lowest fees in the market. For a start, trading commissions cost just 0.075% per slide. This means you’ll pay just $0.75 for every $1,000 traded. Crypto.com offers reduced trading commissions when you hit volume milestones. You’ll also get lower fees when holding Crypto.com’s native coin, CRO.

Another benefit is that Crypto.com offers fee-free bank transfers for Canadians. The minimum deposit is just $20, which is ideal for first-time investors. Crypto.com also accepts debit/credit card payments. However, this will set you back 2.99%. Crypto.com supports more than 250 cryptocurrencies, including Bitcoin, Ethereum, Solana, Polkadot, and Polygon.

It’s also one of the best places to earn crypto yields. For instance, you’ll get APYs of up to 5% when depositing Bitcoin. Rates depend on the lock-up term, which ranges from a flexible 1-month to 3 months.

6. Wealthsimple – Best Canada Crypto Exchange for Spot Traders

Wealthsimple is an all-in-one Canadian exchange that allows you to trade and invest in stocks, ETFs, gold, and over 150 cryptocurrencies. While it doesn’t offer derivatives trading, it’s a great platform for spot investors and those looking to diversify their portfolios beyond crypto.

In addition, the platform lets you easily dollar-cost-average (DCA) into your favorite coins by automating purchases at preset amounts and intervals. Wealthsimple also allows you to put your investments to work by staking Ethereum, Solana, Cardano, and Polkadot with an APY of up to 9%.

Fees, however, are among the highest we’ve seen, especially for low-volume traders. If you hold less than CAD 1,000 in your account, you’ll pay up to 2% on every crypto purchase. While the fees gradually decrease as you increase your holding amounts, you’ll need to reach over CAD 10 million to reach the lowest tier, which is 0.05%.

7. Ndax — Best Canadian Trading Platform for Institutional Investors

Ndax is a crypto trading platform tailored specifically for Canadian users. This Calgary-based platform is registered with FINTRAC and Revenue Québec as a Money Service Business. Ndax supports zero-fee crypto deposits and free Interac e-Transfer and wire transfers, while withdrawals come with a flat fee rate of $1.50 (for Interac e-Transfer) and $4.99 (for wire transfers). You can also trade 58 cryptocurrencies for a 0.2% fee.

Ndax is suitable for institutional investors due to its CIRO membership and CIPF protection. This means that your CAD deposits will be protected by the Canadian Investor Protection Fund. The platform also offers Over-the-Counter (OTC) services designed for high-net-worth individuals, which will enable you to execute large trades with minimum slippage. In addition to that, you’ll get to use its Treasury service and simplified tax reporting tools.

Ndax holds most of its users’ funds in cold storage provided by Ledger Vault, while fiat currencies are kept in a segregated bank account. For insurable incidents, Ndax holds $5 million USD in its cold wallets to cover internal theft and Hardware Security Module malfunction, $3 million USD in its hot wallets, and $5 million CAD in general business liability.

8. Coinmama — Instantly Buy Cryptocurrencies With a Debit/Credit Card

If you’re looking for the fastest way to buy crypto in Canada, Coinmama is a great option. Launched in 2013, Coinmama is a trusted crypto exchange with offices in Vancouver. Its parent company, Wellfield Technologies Inc., trades on the TSX Venture Exchange. As such, you should have no concerns about legitimacy.

Coinmama allows you to purchase crypto instantly with a debit/credit card. You’ll need to enter your unique wallet address when setting up the order. Once the debit/credit card payment is processed, the crypto will be transferred to your private wallet automatically. This removes the counterparty risks you’ll get with other Canadian crypto exchanges.

Now for the bad news: Coinmama is one of the most expensive crypto exchanges in Canada. For a start, debit/credit card purchases cost between 3.24% and 3.34%. You’ll also need to pay the Coinmama commission. This ranges from 0.9% to 3.9%, depending on your account tier. Coinmama supports more than 100 cryptocurrencies.

9. Bitget — Best for Copy Trading and Advanced Trading Features

Bitget is an excellent choice for Canadian traders looking for copy trading and advanced features. Founded in 2018 and headquartered in the Seychelles, this rapidly growing exchange has established itself as one of the top players in the crypto space. The platform has a simple account opening process and supports over 500 cryptos for spot trading. Users can access multiple trading options, including spot, futures, and margin trading, all via an intuitive interface.

Bitget’s key feature is its copy trading platform, which allows users to replicate trades from over 180,000 elite traders. The platform also offers advanced features like Spot Grid and Martingale trading bots for automated trading strategies. The platform also has a competitive fee structure, with spot trading fees at 0.1% and futures trading fees from 0.02% to 0.06%.

It’s worth noting that the exchange has a protection fund worth $350 million and a proof-of-reserves system showing a 200% reserve ratio. It has also received high security ratings from CertiK. The platform also has attractive staking rewards for those looking to make passive income on their idle assets.

Methodology: How We Selected The Best Crypto Exchanges in Canada

Canadian crypto exchanges come in many shapes and sizes. We ranked the best providers based on a meticulous methodology. This explored key metrics such as security, licensing, supported coins, trading volumes, and commissions.

We’ll now break down our research method in a lot more detail. This will help you choose the best exchange for your requirements.

Lowest Trading Fees – 25%

Crypto exchanges charge trading fees, ensuring that they generate sufficient revenues. Most exchanges charge a variable fee that’s multiplied by your trading volume.

For example, Kraken Canada charges 0.26% per slide, meaning you pay a commission every time you buy or sell crypto. So, if you bought $1,000 worth of Ethereum on Kraken, your trading commission would amount to $2.60.

Like many exchanges, Kraken reduces the trading commission when you hit certain milestones. For instance, this reduces to 0.24% per slide when trading at least $50,000 in a 30-day period.

Crucially, you’ll want to pay the lowest trading fees possible. Otherwise, fees will eat away at your potential profits. The ‘spread’ should also be considered. This fee is rarely advertised by crypto exchanges. It’s simply the difference between the ‘buy’ and ‘sell’ prices. If the spread is too high, you could be overpaying to trade.

Wide Range of Payment Methods – 25%

You won’t be able to buy crypto in Canada without first making a deposit. This means using a traditional payment method to deposit Canadian dollars.

The fastest option is to use a debit/credit card. This is because your purchase will be credited instantly. However, this is also the most expensive option. For example, Coinbase and Coinmama charge debit/credit card fees of up to 3.99% and 3.9%, respectively. Bitbuy is slightly more competitive, charging 2.95%.

A more cost-effective option is to deposit funds via Interac e-Transfer. This payment method comes without deposit fees at Kraken, Coinbase, and Bitbuy.

Although it’s not instant, Interac e-Transfer deposits are usually credited within 30 minutes. You can then buy your chosen crypto assets with Canadian dollars.

Highest Trading Volume – 20%

Often overlooked by beginners is the average trading volume. This is an important metric to consider when choosing a Canadian cryptocurrency exchange.

If trading volumes are too low, there might not be enough liquidity. This means wider market spreads and potential difficulties when cashing out.

For example, more than $1.3 billion worth of crypto was traded on Kraken in the past 24 hours. On Coinbase, this figure stood at over $4 billion. This means Canadian traders will face no liquidity issues when using these exchanges.

Most Cryptocurrencies Available – 15%

We also prioritized Canadian exchanges offering a wide selection of crypto assets. This ensures that investors can build a diversified portfolio without needing to use multiple exchanges.

Most exchanges support large-cap cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, and Dogecoin. However, if you’re looking to invest in the best micro-cap cryptos, you might need to do some digging.

Don’t forget to check which trading pairs are available for your preferred crypto. Ideally, you’ll want the crypto to trade against the Canadian dollar. If not, you’ll need to factor in currency exchange fees.

Licensed to Operate – 10%

Not all crypto exchanges accept Canadian clients. This is due to licensing issues. For example, some of the best crypto exchanges, including MEXC, Binance, and KuCoin, prohibit accounts from Canada.

Therefore, we focused exclusively on exchanges that have the legal remit to operate domestically. We also prioritized exchanges that are registered with FINTRAC as a Money Service Business.

This ensures that exchanges comply with Canadian anti-money laundering regulations. Some exchanges take things to the next level by obtaining provincial approval. For example, Bitbuy is approved by the Ontario Securities Commission.

Best Security – 5%

Security is just as important as licensing. This ensures a safe trading experience. After all, many crypto exchanges have been hacked in recent years. Oftentimes, this results in a loss of client funds. With this in mind, Canadians should spend some time researching core security features.

For example, we expect crypto exchanges to offer two-factor authentication (2FA). This generates a unique code whenever you attempt to log in. The code is sent to your smartphone via an approved app, such as Google Authenticator. Put simply, without your smartphone, hackers won’t be able to bypass the 2FA safeguard.

Another important security feature is ‘whitelisting’. This prevents login attempts from unrecognized devices or IP addresses. Canadians should also evaluate the crypto exchange’s internal safeguards. For instance, we expect exchanges to keep the majority of client-owned coins in cold storage. This means your coins are never exposed to live servers.

What’s more, you’ll want to avoid becoming a victim of internal malpractice and fraud. Since the FTX bankruptcy, the best crypto exchanges in Canada have begun publishing ‘proof of reserves.’ This ensures exchanges have enough funds to cover client deposits.

How to Buy Crypto in Canada Using Kraken

We’ve established that Kraken is the overall best cryptocurrency exchange for Canadian investors. This section explains how to buy crypto on Kraken for the first time.

Step 1: Open a Kraken Account

First, you’ll need to visit the Kraken website and click on the ‘Sign Up’ button. Proceed to fill out the registration form. This initially requires an email address, password, and your state/province of residence.

Kraken will then send an email confirmation containing a 6-digit password. Enter the password to complete the registration process.

Step 2: Get Verified

Kraken complies with all relevant laws surrounding anti-money laundering. Therefore, you need to complete the KYC verification process.

First, choose between Kraken and Kraken Pro. If you’re a beginner, we suggest Kraken. This is a user-friendly investment platform that’s aimed at novice traders.

Then, click the ‘Verify Identity’ button. You need to provide your first and last name, date of birth, residential address, and phone number. You also need to state your current occupation.

After that, you’ll be asked to upload two verification documents:

Kraken is currently experiencing a large wave of new account sign-ups. This means it can take several days before your documents are verified. You won’t be able to make a deposit until the KYC checks are complete.

Step 3: Make a Deposit

Now, it’s time to deposit some funds into your verified Kraken account. Kraken accepts Canadian dollar payments, ensuring a fast and cost-effective deposit process.

Step 4: Search for Crypto

Now that your Kraken account is funded, you can search for the crypto you want to buy.

Head over to the spot trading exchange and type in the name of the crypto. In our example, we’re looking for Bitcoin. To ensure we’re trading Bitcoin against the Canadian dollar, we search for ‘BTC/CAD.’ Click the trading pair when it appears.

Step 5: Buy Crypto

The final step is to create a trading order. You’ll find this toward the left-hand side of the trading dashboard. First, click on the ‘Limit’ button. This will reveal a drop-down list of order types.

Select ‘Market’. This means your order will be processed instantly at the current market price. There’s plenty of liquidity on Kraken, so you don’t need to worry about slippage.

Next, in the ‘Total’ box, type in the amount of dollars you want to invest. In our example, we’re buying $250 worth of Bitcoin. Finally, confirm the order. Kraken will then execute it in real time.

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