Robinhood Canada crypto review
- Fiat currencies
- 1
- Supported assets
- 76
Our verdict
This popular, low-cost investing app is now in Canada, but it currently supports crypto trading only.
Robinhood made a name for itself in the USA by offering $0 commissions and a user-friendly trading experience. And as of July 2026, Robinhood is now available in Canada, but with one key caveat: it currently only offers crypto trading.
You can buy and sell over 50 cryptos with Robinhood Canada, and you get the sort of user-friendly experience you'd expect from this mobile-first provider. Trading fees are transparent and competitive too, but users who want access to a wider range of cryptos will need to look elsewhere.
Best for: Simple crypto trading with competitive fees.
Pros
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User-friendly app
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Transparent 0.5%–1.85% (built into execution price) trading fee
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Supports e-Transfers
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Regulated trading platform
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Also offers a self-custody wallet
Cons
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Crypto only
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Other platforms support more cryptos
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No staking
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Wire transfer withdrawal fees apply
Details
Product details
| Name | Robinhood Crypto |
| Deposit methods | Bank transfer, Cash, Debit card |
| Supported Cryptocurrencies | BTC, BCH, BSV, LINK, COMP, DOGE, ETH, ETC, LTC, MATIC & 63+ more |
| Trading fee | 0.5%–1.85% (built into execution price) |
| Withdrawal Fees | Free for CAD withdrawals via Interac e-Transfer Crypto withdrawals charge a blockchain network fee |
| Fiat Currencies | USD |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
What is Robinhood?
Robinhood is an American investing app best known for offering commission-free trading. Founded in 2013, it offers stock, ETF, option and crypto trading to users in the USA, plus other services like wealth management and credit cards.
As of July 2026, Robinhood is now also available in Canada. But it doesn’t offer many of the features it provides to US users, and it currently only supports crypto trading in Canada.
When did the Robinhood app enter the Canadian market?
On June 1, 2026, Robinhood announced its arrival in the Canadian market after completing its acquisition of Toronto-based WonderFi. WonderFi is the company behind the Bitbuy and Coinsquare crypto platforms, which will become part of the Robinhood brand.
Robinhood officially became available in Canada on Canada Day, 2026.
Can you trade stocks and ETFs on the Robinhood app in Canada?
No. As it stands, Robinhood is a crypto-only trading platform in Canada.
However, Johann Kerbrat, Robinhood’s senior vice-president and general manager of crypto, said in an interview with The Globe and Mail that the platform’s long-term plan is to “bring the entire Robinhood” to Canadian users.
That means features like stock, ETF, option and prediction market trading could one day be available through Robinhood in Canada. But when those products will become available remains to be seen.
Robinhood features
Canadian users can take advantage of the following features with Robinhood:
- Trade 50+ cryptos. Robinhood Canada lets you buy, sell and hold over 50 cryptos, including major assets like Bitcoin, Ethereum, BNB and USDC.
- $0 fees. Robinhood is offering $0 trading fees until September 30, 2026. After the promo period ends, a 0.5%–1.85% (built into execution price) fee will apply per trade.
- Trade in CAD. While some exchanges offer USD crypto pairs, Robinhood Canada offers CAD crypto pairs so you can avoid currency conversion costs.
- Recurring investments. Robinhood supports recurring investments, so you can set up a recurring buy order to make regular investments in a coin or token of your choice.
- Price alerts. It’s easy to set up price alerts to be notified when the price of a crypto moves outside of a certain threshold or reaches a 52-week high or low.
- Robinhood Wallet. Robinhood also offers its own self-custody crypto wallet, a Web3 wallet that supports multiple blockchains including Bitcoin, Ethereum, Solana, Polygon, Arbitrum and Optimism. The wallet is available to download separately from the Robinhood Canada trading app.
Best crypto exchanges and apps in Canada
What cryptos can I trade on Robinhood in Canada?
Robinhood currently supports the trading of over 50 cryptocurrencies. It also plans to add support for more coins and tokens in the future. The following cryptos are available for Canadian users to trade:
Popular crypto assets on Robinhood Crypto
- BTC
- BCH
- BSV
- LINK
- COMP
- DOGE
- ETH
- ETC
- LTC
- MATIC
- 63+ more
Popular assets Robinhood Crypto does NOT support
- This exchange supports all of the popular cryptocurrencies we checked for
Robinhood fees
Robinhood is running a no-fee offer for an introductory promotional period, with zero trading fees for Canadian customers until September 30.
When the promo period ends, Robinhood will charge a flat fee of 0.5%–1.85% (built into execution price) per trade. So if you place a $400 trade, a $2 fee will apply.
Robinhood payment methods
There are two ways to deposit CAD into your Robinhood account:
- Interac e-Transfer
- Wire transfer
Robinhood Canada does not charge any deposit fees, but there is a minimum wire transfer limit of $10,000.
How do I withdraw money from Robinhood?
You can withdraw money from your Robinhood account via e-Transfer or wire transfer.
If you’re sending an e-Transfer, there is a minimum transaction amount of $20 and a maximum of $2,000.
For wire transfers, a minimum limit of $10,000 applies and there is also a 1.5% fee.
Pros and cons of Robinhood Canada
Pros
- Flat 0.5%–1.85% (built into execution price) trading fee. Robinhood Canada charges a transparent and competitive fee of 0.5%–1.85% (built into execution price) per trade.
- User-friendly app. The Robinhood app boasts a clean and simple design, making it easy to use.
- Recurring investments. Robinhood allows you to set up recurring purchases so that you can automatically invest in a specific cryptocurrency on a schedule that suits you.
- Trade CAD pairs. Robinhood offers CAD crypto pairs, so you don't need to worry about CAD/USD conversion costs when trading crypto.
Cons
- Crypto only. Unlike Robinhood in the USA, which supports stock, ETF and option trading, Robinhood Canada currently only offers crypto trading.
- Limited cryptos compared to some competitors. Some other platforms support a much wider range of crypto assets.
- No staking. Staking is not yet available on Robinhood Canada.
- Wire withdrawal fees. You'll pay a 1.5% fee for wire transfer withdrawals.
- Delayed withdrawals. Cash withdrawals from your Robinhood account usually take 1 – 2 business days to complete.
Robinhood mobile app
In the USA, Robinhood’s clean and easy-to-use mobile app played a big part in cementing its reputation as a beginner-friendly platform. The Robinhood Canada app offers a similar experience for users.
It offers a simple user interface that’s easy to understand and navigate straight away. You can use the app to deposit and withdraw funds, buy and sell crypto, check the performance of your portfolio, check real-time prices, and set up watchlists and price alerts.
How do the Robinhood US and Robinhood Canada apps differ?
The biggest difference between Robinhood in the US and Canada is the assets users can trade.
In Canada, Robinhood supports crypto trading only.
In the USA, users can trade stocks, ETFs, crypto, options, futures and prediction markets. The platform also offers managed portfolios with Robinhood Strategies, retirement account investing, custodial accounts, social trading features, banking services and credit cards. So compared to the US offering, Robinhood Canada is quite limited.
However, where the two apps are similar is in terms of the user experience they offer. Both provide a sleek and streamlined experience, and both are easy to use for beginners.
Is Robinhood legal in Canada?
Yes, Robinhood is a legal and properly regulated crypto trading platform in Canada. It entered the Canadian market by acquiring Coinsquare Capital Markets Limited, which features on the Canadian Securities Administrators’ list of crypto platforms authorized to do business with Canadians.
How is the Robinhood app regulated in Canada?
Robinhood now controls Coinsquare Capital Markets Limited, which is a CIRO Dealer Member providing order execution only services. The platform is fully compliant with Canadian regulatory requirements, including purchase limits and KYC identity verification.
Is Robinhood safe to use?
Yes, Robinhood is generally regarded as a safe trading platform.
As Coinsquare is a member of the Canadian Investor Protection Fund (CIPF), the cash portion of your account is protected by CIPF coverage. However, it’s worth remembering that CIPF coverage does not extend to crypto assets.
Robinhood also has a variety of security measures in place to help protect your account and funds. These include holding the majority of client coins in cold storage, requiring two-factor authentication for new devices, and crime insurance to protect against losses from theft and cybersecurity breaches.
You can also set up push and email notifications to be alerted to any transfer activity and crypto orders for your account.
Is the Robinhood app trustworthy?
Robinhood is a legit and properly regulated provider. It’s an established platform and is generally seen as a safe place to hold your money.
That said, Robinhood, as a company on the whole, does have a somewhat mixed reputation and has picked up plenty of negative reviews on sites like Trustpilot. It has also been caught up in multiple scandals over the years, some of which have seen the app draw attention from US regulators.
Robinhood app controversies
The most notable Robinhood controversy occurred during the famous GameStop short squeeze of 2021. When investors on Reddit caused the prices and trading volume of meme stocks to surge, Robinhood restricted its users from buying those stocks. Robinhood claimed the restrictions were designed to allow it to meet its clearinghouse collateral requirements, but the move sparked outrage online.
Robinhood has also been penalized by US regulators. In 2021, it was hit with a US$70 million fine from the Financial Industry Regulatory Authority (FINRA) for system outages as well as misleading communication and trading practices.
More recently, the US Securities and Exchange Commission fined Robinhood US$45 million in 2025 for violating over 10 securities law provisions. When the punishment was announced, Sanjay Wadhwa, Acting Director of the SEC’s Division of Enforcement, had this to say in a press release: “Today’s order finds that two Robinhood firms failed to observe a broad array of significant regulatory requirements, including failing to accurately report trading activity, comply with short sale rules, submit timely suspicious activity reports, maintain books and records, and safeguard customer information.”
What do Robinhood reviews have to say?
The Robinhood app in the US generally receives positive reviews and is commonly praised for its ease of use and beginner-friendly interface. However, there are currently limited reviews available for Robinhood Canada.
It’s also worth noting that feedback for the broader Robinhood company on Trustpilot is largely negative. Common complaints include poor customer service, app glitches, and difficulties when making withdrawals, but the app does get positive mentions for its ease of use.
| Site | Details |
|---|---|
| Apple App Store | 2.6/5 stars based on 27 ratings |
| Google Play | 3.5/5 stars based on 3,000 reviews |
Reviews last verified on 12 August 2026
How to buy crypto on Robinhood in Canada
If you want to start trading crypto with Robinhood Canada, here’s what you need to do.
Step 1: Log into your Coinsquare or Bitbuy app
Open your Coinsquare or Bitbuy app. If your account is ready to be migrated over to Robinhood, you will be prompted to move to Robinhood. Tapping this prompt will take you to the Robinhood Canada app download page.
Step 2: Sign up to Robinhood
Download the Robinhood app and enter the email address you use with your Coinsquare or Bitbuy account. You can then complete the onboarding process to sign up for Robinhood Canada.
Once you’ve confirmed your identity, the existing cash and crypto assets in your Coinsquare/Bitbuy account will be accessible through Robinhood. You can also make additional deposits from your bank account or external crypto wallet.
Step 3: Buy crypto
Select the crypto you want to trade and tap Buy. Enter the amount you want to buy and tap Continue, then review the order and complete your transaction.
Alternatives to Robinhood
Unsure whether Robinhood is the right crypto trading platform for you? Check out these alternatives.
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.
Bottom line
If you’re searching for a user-friendly app that lets you trade a host of major cryptos with competitive fees, Robinhood Canada is worth a look. But its support for a limited range of cryptocurrencies means it won’t be the best choice for everyone, so you’ll need to look elsewhere if you want access to a wider range of coins and tokens.
Ultimately, we’re keen to see what features Robinhood rolls out in the coming months and years to get a clearer picture of how it stacks up against the competition.
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Tim Finder
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