OKX exchange alternatives in Canada

OKX is a crypto exchange where users in over 180 regions globally can trade more than 300 cryptocurrencies. It’s one of the largest trading platforms in the world, offers a variety of trading types and has a highly rated mobile app. So you may be wondering, “Can I use OKX in Canada?”

Is OKX available in Canada?

Unfortunately, no. As of 2023, OKX is no longer available in Canada. But while OKX doesn’t offer its services to Canadian customers, there are plenty of other reputable exchanges that do.

Keep reading for a closer look at five alternatives to OKX in Canada.

OKX alternatives in Canada

Finder Score	Cryptocurrencies	Fiat currencies	FINTRAC registered
Coinbase
9.7Excellent Coinbase Finder Award	9.7Excellent	288	1		Go to site Capital at risk More info Compare product selection Compare	loading	Why we like it Coinbase is one of the largest crypto exchanges in the world by trading volume. You can deposit funds for free via Interac e-Transfer, and instantly purchase crypto via debit. It offers a user-friendly platform and highly-rated mobile app. Coinbase also offers the option to earn crypto rewards by watching learning videos and completing quizzes. Pros & cons Pros Easy signup process Trade 280+ cryptos Free e-transfer deposits Instant withdrawals to most banks Discounted volume pricing with Coinbase Advanced Registered with the Canadian Securities Administrators (CSA) and Ontario Securities Commission (OSC) Cons Only hold CAD in Canadian accounts No credit card purchases in Canada No margin, futures or options trading in Canada
Kraken
8.8Great Kraken	8.8Great	381	7		Go to site Capital at risk More info Compare product selection Compare	loading	Why we like it Kraken is a well-known name in the crypto world, having been first established in 2011. This global platform lets you trade over 300 cryptocurrencies, offering a simple trading platform for crypto beginners as well as Kraken Pro for advanced traders. There's also a user-friendly mobile app available if you want to trade from your smartphone. Pros & cons Pros One of the world's oldest crypto exchanges Access a wide range of cryptos 24/7 customer support Good for beginners as well as advanced traders Cons Low Trustpilot user ratings You'll find lower fees on other platforms
Paybis
7.7Great Paybis	7.7Great	83	50		Go to site Capital at risk More info Compare product selection Compare	loading	Why we like it If you're searching for a platform that makes it quick and easy to buy crypto as a newbie, Paybis is worth a closer look. This global exchange offers a simple user interface that allows you to buy crypto with fiat currency, and you can also buy via a highly rated mobile app. With 24/7 support available, help is at hand if you have any questions. Pros & cons Pros Beginner friendly Supports a wide range of deposit methods Quick and easy to use Multiple payment options available Cons You can only sell a limited range of cryptos Other platforms have lower fees Paybis Wallet is not available in Canada
VirgoCX
7.3Great VirgoCX	7.3Great	45	2		Compare product selection Compare	loading	Why we like it Founded in 2018, VirgoCX is a Canadian crypto trading platform based in Toronto. This user-friendly platform offers free cash deposits and withdrawals and is designed to offer a quick and easy crypto buying experience for users. There are over 85 cryptos to trade on VirgoCX, and the platform is authorized to do business with Canadians by the CSA. Pros & cons Pros Canadian crypto exchange User-friendly platform Free deposits and withdrawals Multilingual support Cons Spreads of 0.95% to 1.60% Watch out for fees for credit and debit card deposits Not as many cryptocurrencies as some other platforms
8.6Great Bitget	8.6Great	874	45		Compare product selection Compare	loading

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What is the OKX exchange platform?

Launched in 2017, OKX is one of the world’s largest crypto trading platforms. It offers the following features for users in over 100 countries around the world.

Centralized and decentralized exchanges

OKX is best known as a centralized crypto exchange that retains custody of user assets and private keys. But it also launched a decentralized exchange aggregator that offers users prices from over 300 decentralized exchanges.

OKX supported cryptocurrencies

According to CoinMarketCap, OKX provides users with access to 330 coins and tokens. These include major cryptos like BTC, ETH and XRP along with a host of smaller altcoins and emerging cryptocurrencies. There’s an Express Buy feature if you want to buy crypto using your credit or debit card. Also available are USDT, USDC and a wide range of crypto spot trading pairs.

OKX fees

OKX trading fees vary depending on your membership tier, which is determined by your OKX assets or 30-day trading volume and where you live. In Australia, maker and taker fees of 0.70% and 0.70%, respectively, apply for users on the lowest tier. But if you upgrade to the VIP 8 tier, you’ll get lower maker and taker fees.

This is a similar fee structure to Bitget, which offers maker fees of 0.02%-0.10% and taker fees of 0.06% - 0.10% for users on its lowest membership tier. For users on the highest Bitget VIP level, you’ll also get access to lower maker and taker fees.

OKX wallet

The OKX Wallet is a universal crypto wallet that can be used to hold over 3,000 coins and tokens. This multi-chain wallet supports over 80 blockchain networks and is available via the web, an app and a browser extension. It also allows you to retain control of your crypto holdings and private keys.

OKX app

The OKX app is free to download from Google Play and Apple’s App Store. You can use it to buy and sell hundreds of cryptocurrencies, find prices across hundreds of decentralized exchanges and access a range of simple and advanced trading tools. As of February 2025, the app has an average user rating of 4.4/5 based on over 880,000 Google Play reviews and an average of 4.6/5 based on over 16,900 App Store reviews.

How does DuckChain on OKX work?

DuckChain is a TON layer 2 blockchain platform designed to provide secure, fast and scalable transactions. Its native utility token, DUCK, is used to pay transaction fees, secure the network and play a role in governance.

DUCK was listed for spot trading on OKX in January 2025. Users in eligible countries can create an account with OKX to buy DUCK tokens using the DUCK/USDT trading pair.

Is OKX legal in Canada?

You cannot use OKX in Canada. While the platform has previously offered its services in Canada, it withdrew from the Canadian market in 2023.

With Canada now one of OKX’s restricted countries, Canadian residents will need to use other properly authorized and regulated exchanges to trade cryptocurrency.

When did OKX come to Canada, and why did it leave?

OKX was founded in 2017 and originally known as OKEx. In March 2023, the platform notified Canadian users by email that it would “no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST.”

“New regulations” were cited as the reason for OKX’s withdrawal from Canada. The announcement came a few weeks after the Canadian Securities Administrators (CSA) issued a notice that tightened the rules around stablecoin trading and required crypto exchanges to file pre-registration undertakings with the CSA.

However, at the time of its withdrawal, OKX indicated that its departure from Canada would be “temporary.”

Does OKX work in Canada?

Canadian residents cannot use OKX to trade cryptocurrency. Following the March 2023 announcement that it was withdrawing from Canada, OKX gave Canadian users until June 22 of the same year to close any open positions and withdraw funds from their accounts.

Meanwhile, if you’re a resident of a country where OKX offers trading services, you may still be able to access your OKX account while visiting Canada. However, you may need to use a VPN to do so.

What countries is OKX available in?

OKX is available in over 100 countries around the world. Contact OKX customer support directly for full details of the countries where the platform is accessible.

Bottom line

You can’t use OKX in Canada, but there are several OKX alternatives available to serve the needs of Canadian crypto traders. Compare the five exchanges listed above as well as a range of other reputable exchanges before deciding which platform is right for you.

Frequently asked questions about OKX

• What organizations regulate crypto in Canada?

  The Canadian Securities Administrators (CSA) plays a key role regulating crypto exchanges in Canada. The CSA's guidance about crypto regulation outlines rules for crypto exchanges, and provincial regulators like the Ontario Securities Commission (OSC) and the BC Securities Commission ensure compliance with those rules.

  FINTRAC also regulates crypto exchanges in Canada. Exchanges must register with FINTRAC as money services businesses, report large transactions and comply with Know Your Customer (KYC) requirements.

• Is OKX a Chinese company?

  OKX was originally founded in Beijing, China. But following moves by regulators to ban crypto exchanges, OKX is now headquartered in the Seychelles.

• Where can I find a list of legal crypto exchanges in Canada?

  The CSA (Canadian Securities Administrators) maintains a list of crypto trading platforms that are authorized to do business with Canadians. It also provides a list of exchanges that have filed pre-registration undertakings with securities regulators as well as a list of banned crypto trading platforms.

• Can I trade MAJOR on OKX?

  Yes. The OKX MAJOR listing was announced in November 2024. MAJOR tokens are used in Major, a play-to-earn game in Telegram, and OKX users can access the MAJOR/USDT trading pair.

To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst as part of our fact-checking process.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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