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Finder Crypto Trading Platform Awards 2023

Recognizing the best platforms for buying, trading and investing in crypto in Canada.

The Finder Crypto Trading Platform Awards program recognizes the best platforms for investing in crypto in Canada for 2023.

Finder’s cryptocurrency experts and data scientists crunched the numbers and scored crypto trading platforms on a comprehensive list of 63 criteria across 28 platforms. Special attention was paid to the availability of platforms in all Canadian provinces and territories, especially Ontario and Quebec, where access is often restricted.

The platform with the highest score in each category was named the winner, with the products that scored second- and third-highest each receiving a “Highly commended” award. Here are the winners for 2023.

Best crypto trading platform – overall

This award was given to the platform that had the highest average score across each of the 63 criteria.

Winner: Crypto.com

Crypto.com is like a super app for crypto. Canadians everywhere can instantly trade 270+ assets, earn yield or spend with the Crypto.com debit card.

Crypto.com Overall winner award

Highly commended: Binance

Binance provides Canadians with an affordable all-in-one crypto platform that extends far beyond trading to a range of services across the Web3 ecosystem.

Binance highly commended awardNote: No longer operating in Canada.

Highly commended: Gemini

Gemini gives access to simple and advanced trading modes, an NFT marketplace, staking and an insured wallet.

Gemini highly commended award

Best crypto trading platform – value

This award evaluates platforms based on their fees, with a focus on spot market and instant purchase fees. It also takes into account payment methods and the number of coins available to determine which platforms offer the most bang for buck.

Winner: Gemini

Gemini provides excellent value to Canadians through its commitment to security and compliance with reasonable fees to match.

Gemini crypto trading platform value winner badge

Highly commended: Binance

Binance offers an impressive range of features on top of some of the lowest trading fees available in Canada.

Binance crypto trading platform value highly commended badgeNote: No longer operating in Canada.

Best crypto trading platform – beginners

This award recognizes brands that provide a beginner-friendly user experience. It upweights factors such as customer service, value for money, and access to instant purchase features.

Winner: Coinbase

Coinbase is committed to making crypto investing accessible to everyone and offers learning rewards to help Canadians stay on top of the market.

Coinbase crypto trading platform beginner winner badge

Highly commended: Kraken

Kraken is increasingly adding features for beginners such as a simplified trading interface and learning modules for each coin.

Kraken crypto trading platform beginner highly commended badge

Highly commended: Wealthsimple

Wealthsimple understands simplicity is key for beginners, and offers crypto trading and staking through an elegant mobile and desktop interface.

Wealthsimple crypto trading platform beginner highly commended badge

Best crypto trading platform – instant purchases

This award highlights platforms that provide a comprehensive instant purchase experience with an emphasis on value for money.

Winner: Crypto.com

The Crypto.com app offers 270+ cryptos which can be purchased instantly using bank transfer, credit or debit card.

Crypto.com crypto trading platform instant purchase winner badge

Highly commended: Binance

Purchase hundreds of cryptocurrencies instantly on Binance with your payment method of choice: cash, credit or debit card.

Binance crypto trading platform instant purchase highly commended badgeNote: No longer operating in Canada.

Best crypto trading platform – altcoins

This award focuses heavily on the number of coins and tokens available on the platform, in addition to liquidity and trading pairs.

Winner: Crypto.com

Crypto.com offers 270+ coins to Canadians everywhere, which can be purchased instantly via its popular mobile app.

Crypto crypto trading platform altcoins winner badge

Highly commended: Binance

Binance has hundreds of cryptos available for trading through its app and desktop exchange.

Binance crypto trading platform altcoins highly commended badgeNote: No longer operating in Canada.

Best crypto trading platform – extra features

This award recognizes crypto platforms that offer a diverse range of products beyond the standard trading experience, such as NFTs, earning rewards and debit cards.

Winner: Crypto.com

The Crypto.com ecosystem gives Canadians access to NFTs, earning rewards, DeFi and Web3, as well as a debit card for spending.

Crypto.com crypto trading platform extra features winner badge

Highly commended: Binance

Binance continues to innovate with its expansive set of features that extend beyond trading and into wallets, NFTs and Web3.

Binance crypto trading platform extra features highly commended badgeNote: No longer operating in Canada.

Highly commended: Gemini

Gemini strives to ensure a secure and compliant environment for trading, staking, NFTs and managing your portfolio in its native wallet.

Gemini crypto trading platform extra features highly commended badge

Best crypto trading platform – advanced trading

This award takes into account advanced trading features such as order types and charting tools as well as regulatory compliance, liquidity and fees.

Winner: Crypto.com

Crypto.com’s desktop exchange provides Canadian traders with advanced order types, charting tools and low fees across hundreds of assets.

Crypto.com crypto trading platform advanced trading winner badge

Highly commended: Gemini

Gemini’s ActiveTrader platform delivers a professional experience for traders with competitive fees.

Gemini crypto trading platform advanced trading highly commended badge

Highly commended: Kraken

Kraken’s Pro interface provides Canadians with all the features you’d expect from a trading platform with 10 years of expertise.

Kraken crypto trading platform advanced trading highly commended badge

Best homegrown Canadian crypto platform

This award celebrates local Canadian platforms that excel in delivering crypto trading services to customers here in Canada.

Winner: Wealthsimple

Wealthsimple’s comprehensive investment platform offers 50+ cryptocurrencies for trading or staking, on top of a suite of portfolio management tools.

Wealthsimple crypto trading platform winner canadian homegrown exchange badge

Highly commended: VirgoCX

VirgoCX provides a dedicated CAD spot market for 50+ cryptos and stands out for its innovative, automation-led trading features.

Gemini crypto trading platform extra features highly commended badge

Awards criteria

Here’s how our expert analysts assessed Canadian crypto trading platforms to pick the 2023 winner.

Selection criteria

We conducted an extensive review of the cryptocurrency market in Canada in late 2022.

We attempted to include all of the platforms that are registered to operate in Canada, provided they met the requirements set by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to serve Canadian residents. Special attention was paid to the availability of services in all Canadian provinces and territories, with platforms receiving additional points for serving users in Ontario and Quebec. We then refined this list by applying Finder’s due diligence procedures.

The result was 28 cryptocurrency exchanges and brokers who were then measured across 63 individual criteria.

The award for “Best Crypto Trading Platform – Overall” was given to the product that had the highest overall score across all 63 criteria.

All other categories were assessed using different combinations of criteria and weightings which depended on the category. For instance, the Value award upweighted scores based on fee data, and omitted criteria relating to advanced trading products.

2022 winners

2023 marks the second consecutive year of Finder’s Crypto Trading Platform Awards.

The 2023 program builds on our previous analysis, taking into consideration even more data points and evaluating a larger number of platforms.

Take a look at the 2022 Finder Crypto Exchange Award winners.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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