Best crypto exchanges

Compare crypto exchanges

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Finder Score	Fiat currencies	Cryptocurrencies	Deposit methods	Disclaimer
Promoted 9.5Excellent Kraken	9.5Excellent	7	379	Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Apple Pay, Google Pay	Earn rewards by holding USDC on Kraken. All Kraken users earn 1.75%, while Kraken+ members earn 4.25%. Rewards accrue automatically based on your USDC balance. T&Cs apply.	Certain trading features are limited or unavailable to residents of Ontario and Quebec.	Go to site Capital at risk More info Compare product selection Compare	loading
Promoted 9.5Excellent Coinbase	9.5Excellent	1	288	Debit card, Electronic Funds Transfer, Interac e-Transfer, PayPal	Go to site Capital at risk More info Compare product selection Compare	loading
Promoted 8.9Great Bitbuy	8.9Great	1	62	Cryptocurrency, Interac e-Transfer, Wire transfer	Go to site Capital at risk More info Compare product selection Compare	loading

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Finder Score for crypto exchanges

To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.

Read the full methodology

Frequently asked questions

Beginner’s guide to crypto

• Where can I buy and sell crypto?

  To buy and sell crypto in Canada, you need to sign up to a cryptocurrency exchange or app. Increasingly, you can buy and sell crypto through banking apps like Wealthsimple. Our guides and comparisons help you to filter down your options to what’s important to you.

  Crypto guides are plastered with warnings and there’s a good reason for that, which is that crypto is incredibly volatile and you could lose all your money. It’s worth knowing that before you take the plunge.

• What is an altcoin?

  Altcoin stands for alternative coin, and refers to any cryptocurrency other than Bitcoin (BTC). This broad term covers everything from coins like Ether (ETH), which was released in 2014 and has a 12-figure market cap, right down to brand new crypto coins which were invented this morning.

• Are Bitcoin and BTC the same thing?

  Yes, Bitcoin is also known as BTC (and, less commonly, XBT). All cryptos have a “code”, called a ticker symbol, which is typically 3 letters but can be 4 or more. Bitcoin is BTC, Ether is ETH, Ripple is XRP and so on.

• What's the difference between a wallet and a crypto exchange?

  Typically, a crypto wallet is used to safely store your crypto (online or offline) and it can be hardware or software. Whereas, a crypto exchange works like a stock exchange where you can buy or sell crypto by dealing with other crypto investors, and the exchange itself acts as a middleman (or broker) to help facilitate trades.

How do you pick the best crypto exchange?

• How do I choose the right crypto exchange?

  This depends on what cryptocurrencies you’re interested in and how you plan to invest. We’ve listed some of the best crypto exchanges that excel in different categories, but the best exchange for you to use will be based on which one suits your needs and budget.

  First, think about how you plan to invest in cryptocurrency (or whether you’re looking to trade crypto assets). If you’re a complete beginner, check out the more beginner-friendly apps and platforms that are simple to use and have some useful learning resources.

  If you happen to know your hash rates from your halvings, you might want to think about using one of the crypto exchanges offering more advanced trading features to help you make the most of your investing experience.

  Whether you’re a beginner or experienced crypto trader, it’s always worth comparing fees to try and find the best crypto exchange available in Canada with low fees to ensure you get the most value from your digital investments.

• What is the best crypto exchange in Canada according to Reddit?

  There’s no single thread where all the crypto-enthusiast Redditors get together to vote on the best Canadian crypto exchange. However, a number of posts, threads and comments have highlighted exchanges such as Coinbase, which is also on our list as one of the best.

• How do maker and taker fees work?

  To trade crypto, there has to be a buyer and a seller. The people adding to the order book are makers. For example, if you’re selling a coin at a high price. These orders didn’t exist beforehand, so you’re making more options available. If you buy or sell at a price which is already available, you’re taking options away. Both makers and takers can be charged a fee when trading, called – you guessed it – maker fees and taker fees.

• Can I leave my crypto funds on the exchange?

  It’s up to you whether you want to leave your funds on an exchange or store them in your own private wallet, which can be done either online or offline. If you do choose to leave your funds on an exchange, it would help to choose one which has additional insurance. This is because the exchange could be hacked, which is something that has happened at very large crypto exchanges in the past.

• What's the best decentralized exchange or non-KYC crypto exchange?

  We don’t score and rate decentralized exchanges or those that don’t follow “know your customer” (KYC) requirements because these exchanges don’t comply with the rules.

Crypto safety and protection

• Is it legal to buy Bitcoin?

  Yes, it is legal to buy and sell Bitcoin (BTC) in Canada. In order to ensure you’re being legally compliant, it’s a good idea to use only crypto exchanges which are registered with FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada).

• Can I buy crypto in Canada?

  Yes, you can trade crypto legally from Canada on FINTRAC registered exchanges like those in this guide. There are currently no signs that crypto trading will be made illegal in Canada.