Crypto Exchange Comparison Tool

Compare Canada's best crypto exchanges! We've done the hard work for you, and reviewed 15 of Canada's most popular crypto exchanges using data and real testing.

The charts below let you compare 15 crypto exchanges on costs, features, security and much more side-by-side. All of this data is provided for free. Sign up with the links below to get a free bonus and help keep this page updated. 

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Best Crypto Exchanges Canada

Based on our research and experiences, these are our top recommendations in 2021:

Header

Overall Ranking

Coins

Best Total Purchase Fee

Beginner Friendly?

Pro Trading Terminal?

Min. $CAD Deposit

Fastest Deposit Time

1/15

40+

0.69%

Yes

No

$0

0-30 mins

2/15

350+

0.24%

Yes (app)

Yes

$0

Instant

3/15

20+

0.50%

Yes

Yes

$0

0-30 mins

4/15

30+

0.66%

Yes

Yes

$0

0-30 mins

5/15

2

1.43%

Yes

No

$5

0-30 mins

6/15

50+

0.80% + $1.25

Medium

Yes

$4

30-60 mins

7/15

100+

1.52%

Medium

Yes

$100

Instant

8/15

20+

1.48%

Yes

No

$20

0-30 mins

9/15

7

1.41%

Yes

No

$10

Instant

10/15

40+

4.55%

Yes

Yes

$0

Instant

11/15

30+

3.48%

Yes

No

$0

Instant

12/15

9

2.29%

Yes

Yes

$100

0-6 hours

13/15

19

2.83%

Yes

No

$50

Instant

14/15

10+

2.60%

Yes

Yes

$100

Instant

15/15

10

0.72%

Yes

Yes

$20

0-2 days

Fees & Spread

Platforms with the best overall prices are:

1. Newton

  • Best all-around low fees. Low spreads and total purchase fees, free deposits and withdrawals and comparatively cheap crypto withdrawal fees

2. Binance

  • The cheapest platform once you get funds deposited. Unfortunately, it's more difficult to deposit $CAD (best option is to deposit crypto from Newton or use the P2P exchange)
  • Low trading fees, tight spreads and lots of volume!
  • Crypto withdrawal fees are high for some coins

3. NDAX

  • 2nd lowest total purchase fee! Low spreads and free deposits
  • Downside is $25 fixed fee on fiat withdrawals and comparatively higher crypto withdrawal fees
Header

Best All-In Purchase Fee

Standard Trading Fee

$CAD Deposit Fee

BTC Spread (03/01/21)

BTC Buy Price

BTC Sell Price

Reference Price Difference

Reference Price (Google)

0.24%*

0.10%

Free*

0.03%

$62,173

$62,156

Buy: +0.19%

Sell: +0.16%

 $62,058

2.29%

0.1% / 0.2%

1.50%*

0.79%

$62,427

$61,938

Buy: +0.59%

Sell: -0.19%

$62,058

4.55%

3.99%

N/A

1.20%

$62,406

$61,666

Buy: +0.56%

Sell: -0.63%

$62,058

2.83%

Free

Free

3.32%

$63,814

$61,764

Buy: +2.83%

Sell: -0.47%

$62,058

2.60%

0.20%

Free*

1.38%

$59,340*

$58,530*

Buy: +2.40%

Sell: +1.03%

$57,932

0.72%

0.1% / 0.2%

Free

0.50%

$62,383

$62,073

Buy: +0.52%

Sell: +0.02

$62,058

1.52%

Free

Free

2.77%

$57,550*

$56,000*

Buy: +1.52%

Sell: -1.23%

$56,688

0.80% + $1.25

0.16% / 0.26%

$1.25 + 0.25%

0.25%

$62,238

$62,082

Buy: +0.29%

Sell: +0.04%

$62,058

0.50%

0.20%

Free

0.40%

$62,245

$62,000

Buy: +0.30%

Sell: -0.09%

$62,058

1.41%

0.50%

Free

1.71%

$62,621

$61,568

Buy: +0.91%

Sell: -0.80%

$62,058

0.69%

Free

Free

1.27%

$62,486

$61,701

Buy: +0.69%

Sell: -0.58%

$62,058

1.48%

Free

Free

2.63%

$41,618*

$40,551*

Buy: +1.48%

Sell: -1.13%

$41,010

1.43%

Free

Free

2.54%

$62,945

$61,387

Buy: +1.43%

Sell: -1.09%

$62,058

0.66%

Free

Free

0.90%

$57,573*

$57,058*

Buy: +0.66%

Sell: -0.24%

$57,196

3.48%

1.48%

Free

3.43%

$63,298

$61,200

Buy: +2.00%

Sell: -1.40%

$62,058

More Information

  • The price of each platform was tested on Mar 01, 2021 within seconds of each other. *Crypto.com, VirgoCX, Coinsmart and Quick Trade were tested on different dates.
  • Best All-In Purchase Fee: The total of all fees (trading fees, deposit fees, etc) plus the reference price difference. 
  • Reference Price: We used Google's price of BTC as a baseline (they take data from Coinbase)
  • The Spread and All-In Purchase Fee fluctuate daily but is helpful for comparing!
  • *Binance has a 0.24% purchase fee but is only through the P2P Exchange which has limitations


Features

Platforms with the best features and user experience are:

1. Binance

  • Binance offers the most features and coins by far
  • Other features include interest accounts, crypto loans, liquidity pools, NFTs and much more

2. Crypto.com

  • Other features include Crypto Cashback Credit Cards, DeFi and more

Coins

Mobile App

Web App

Instant Buy

Limit Orders

Recurring Buys

Advanced Charting Tools

Staking or Rewards

Margin

Futures

350+

9

40+

19

10+

10

100+

50+

20+

7

40+

20+

2

30+

30+

Deposits & Withdrawals

Platforms with the best deposits and withdrawals are:

1. Newton

  • Free deposits and withdrawals with multiple options
  • Some of the cheapest crypto withdrawal fees (they cover first $5 of network fees)

2. Shakepay

  • Free deposits and withdrawals with multiple options
  • Only Canadian platform with 100% free crypto withdrawals (network fees are covered)

E-Transfer

Wire Transfer

Connect Bank Account

Credit/Debit Card

Other

No

No

No

Min. 2.00% fee

P2P Exchange

Free & Instant*

1.50% fee

0-6 hours

0.50% fee (2-3 days)

$20k min.

No

No

-

No

No

No

Min. 3.99% fee

PayPal Withdrawals

Instant

Free

0-30 mins

Free (2-3 days)

$10k min.

No

No

-

Deposits Only

0%-1.5% fee

Same day

Deposits: Free

Withdrawals: 1% fee

1-5 days

Deposits: Free

Withdrawals: 1% fee

1-5 days

Up to 6% fee

-

Free (deposits only)

0-2 days

2% fee (3-9 days)

$10k min.

2% fee (withdrawals only)

1-3 days

No

-

Free (0-2 days)

No

No

Min. 3.5% fee

-

No

$11.50 fee (1-5 days)

No

No

Canada Post (in person)

$1.25 + 0.25% fee

Free (deposits only)

0-30 mins

Free deposits

$25 withdrawal fee

0-1 days

Free deposits

$25 withdrawal fee

0-1 days

No

-

Free

0-30 mins

Free (deposits only)

0-3 days

No

5%+ Fees

Online Bill Payment

Free & 1-2 days

Free (0-30 mins)

Free (2-3 days)

Free (Up to 4 days)

No

-

Free

No

No

No

-

Free (0-30 mins)

Free (1-2 days)

No

No

-

Deposits: Free

Withdrawals: 0.5% fee

0-30 mins

Deposits: Free

Withdrawals: 0.5% fee

24 hours

No

No

-

No

No

Free

$1000 instant then 2-5 days

No

-

Security

Platforms with the best security and reputation are:

1. Kraken

  • Founded in 2011
  • Never been hacked, great reputation
  • 8+ user security features

2. Coinbase

  • Founded in 2012
  • Never been hacked, great reputation
  • 8+ user security features
  • Publicly traded company in USA

3. Wealthsimpe

  • x

4. Netcoins

  • Founded in 2012
  • Owend by a publicly traded company

2FA

Cold Storage Policy

FINTRAC Regulated?

Crypto Withdrawals Allowed?

Hacks or Severe Incidents?

Founded

Yes

Yes

Unsure

Yes

Yes (2019)

2017

Yes

95% policy

Yes

Yes

No

2016

Yes

Yes

Yes

Yes

No

2012

Yes

Yes via Gemini

Yes

Yes

Allegedly (2020)

2017

Yes

Yes via BitGo

Yes

Yes

No

2018

Yes

95% policy

Yes

Yes

Yes (2020)

2014

Yes

100% via Ledger Vault

Yes

Yes

No

2016

Yes

95% policy

Yes

Yes

No

2011

Yes

Yes via Ledger Vault

Yes

Yes

No

2018

Yes

Unknown

Yes

Yes

No

2014

Yes

Yes

Yes

Yes

No

2018

Yes

95% policy

Yes

Some coins

Yes (2020)

2014

Yes

Yes

Yes

Yes

No

2015

Yes

95% via Ledger Vault

Yes

Yes

No

2018

Yes

Yes via Gemini

Yes

No

No

2014

What Is The Best Overall Exchange For Canadians?

Based on using and reviewing 15 popular exchanges, Newton is the best overall. Newton has the second best BTC purchase of 0.69%, 5-30 minute deposits via e-transfer, and 40+ cryptocurrencies you can trade. It's also beginner friendly. For the downsides, Newton has slow or non-responsive customer support and slow account verification when there is lots of demand. Despite that, I think Newton is the best overall exchange for most Canadians.

What Is The Best Exchange For Beginners?

All platforms are beginner friendly but Shakepay is the most simple, fastest, and easiest exchange to use. Highlights include a good user-interface, instant deposits, and users that get referred join the ShakingSats program. This lets you shake your phone to earn free Bitcoin every single day.

Which Exchange Has The Lowest Fees?

NDAX had the lowest fees to purchase Bitcoin as cheap as possible (0.50% total purchase fee). This is thanks to a low spread and free deposits. However, the only downside is a $25 fixed fee to withdrawal $CAD and relatively high crypto withdrawal fees. 

What's The Best Place for Altcoins?

Binance offers 350+ altcoins, 0.1% trading fees, and is one of the world's largest crypto exchanges. The best way for Canadians to use Binance is to buy crypto on Newton (or one of the exchanges above) and transfer it to your Binance account. Since Binance is not available in Ontario anymore, Kucoin or Kraken is a good alternative

More Reviews and Comparisons

Still can't decide? Here are other popular comparisons you might be interested in:

Overall Rankings

Newton Crypto Exchange

1. Newton

Methodology

The best platform for the majority of Canadians is Newton, with a wide variety of coins (40+), low fees (top 3 all-around) and a well-designed mobile and web interface. Depositing and withdrawing Canadian dollars is also free and easy with e-transfer.

Where Newton Did Well:

  • Top 3 all-around lowest fees (for buying, selling and withdrawing crypto)
  • Variety of 40+ coins (top 5 overall)
  • User-friendly mobile app and web interface

Where Newton Fell Short:

  • Customer support speed is not consistent or reliable
  • Lack of advanced features
  • It may take a long time to verify a new account
Binance Exchange

2. Binance

Methodology

Binance is ranked second overall for it's huge selection of altcoins, low fees and array of features. However, since you can't connect a CAD bank account you'll also need a Canadian-based exchange like Newton for depositing and withdrawing dollars. 

Where Binance Did Well:

  • More than 350 altcoins (#1 overall)
  • Low trading fees (max. 0.1%) and low spread
  • Tons of advanced features (staking, interest accounts, margin and much more) 
  • Largest crypto exchange in the world

Where Binance Fell Short:

  • Beginners may find it overwhelming
  • Can't connect CAD bank account for deposits or withdrawals (must use P2P exchange, credit card or deposit crypto)
  • Not available in Ontario starting Dec 2021
  • Withdrawal fees can be high for some coins
NDAX Exchange

3. NDAX

Where NDAX Did Well:

  • Beginner and advanced features
  • Low fees for buying, selling and trading crypto (#2 overall)
  • Many security features

Where NDAX Fell Short:

  • Comparatively higher crypto withdrawal fees
  • Mobile app is still in beta
  • Fixed $25 fee to withdraw fiat
VirgoCX Exchange

4. VirgoCX

Where VirgoCX Did Well:

  • Zero trading fees and low spreads (3rd cheapest total purchase fees)
  • Beginner and advanced features
  • 24/7 live support

Where VirgoCX Fell Short:

  • User interface might be confusing
  • 0.5% fee for fiat withdrawals and higher crypto withdrawal fees
  • Low ratings on Google Play app
Shakepay Exchange

5. Shakepay

Where Shakepay Did Well:

  • The easiest and most user-friendly platform
  • Crypto withdrawal fees are covered
  • Shake your phone to earn free BTC daily

Where Shakepay Fell Short:

  • Limited altcoins. Only has Bitcoin and Ethereum
  • Not for advanced traders
  • 8th place for best all-in purchase fee (1.43%) and 11th highest spread (2.54%)
Kraken Exchange Logo 1

6. Kraken

Where Kraken Did Well:

  • Low purchase fees (#6 overall) and tight spreads
  • Stake various coins like DOT, SOL, ADA and more
  • They are known for good reputation and security
  • Variety of 50+ coins
  • Advanced trading features

Where Kraken Fell Short:

  • Doesn't offer e-transfer and wire transfers can be expensive for small investors
  • Low reviews on iOS and Android app
  • Not the most beginner-friendly choice
Crypto.com App

7. Crypto.com

Where Crypto.com Did Well:

  • Crypto Cash Back Visa Cards, DeFi, staking and an array of features
  • Very reputable platform with 10+ million customers
  • Variety of 100+ coins
  • Lots of security features

Where Crypto.com Fell Short:

  • User interface might be confusing
  • Many cheaper platforms. It was 10th place for best all-in purchase fee (1.52%) and 13th for spread (2.77%)
  • Slow fiat deposits and withdrawals. E-transfers can take up to 2 days to process and have low limits
Quick Trade by Coinsquare

8. Quick Trade

Where Quick Trade Did Well:

  • Very easy and user-friendly platform
  • Low crypto withdrawal fees
  • Quick verification

Where Quick Trade Fell Short:

  • Can only withdraw a few cryptocurrencies
  • Many cheaper platforms. It was 9/15 for best all-in purchase fee at 1.48% and a 2.63% spread
  • Parent company, Coinsquare, has a bad past reputation
  • Limited features
Wealthsimple Trade Crypto Logo

9. Wealthsimple

Where Wealthsimple Did Well:

  • Stocks, ETFs and crypto all in one place
  • Best for putting crypto in your TFSA (Bitcoin or Ethereum ETFs) 
  • Very easy and user-friendly platform
  • Instant funding up to $1000

Where Wealthsimple Fell Short:

  • Many cheaper platforms. It was 14/15 most expensive (3.48% total purchase fee) and last place in spread (3.43%)
  • Can't withdraw crypto to external wallet
  • For beginners only. No advanced features
Netcoins Exchange

10. Netcoins

Where Netcoins Did Well:

  • Reputable and owned by a publicly traded company
  • Great, user-friendly platform for beginners
  • Open an account and start trading in 5 minutes

Where Netcoins Fell Short:

  • Cheaper platforms available (1.71% spread and 1.41% total purchase fee)
  • Limited number of cryptocurrencies (7) and features
Coinbase Exchange

11. Coinbase

Where Coinbase Did Well:

  • Trusted, publicly traded company with 60+ million users
  • Staking, earning and a variety of features
  • Very easy, user-friendly interface
  • Variety of 40+ coins

Where Coinbase Fell Short:

  • Most expensive platform overall (4.55% total purchase fee)
  • Can only withdraw fiat via PayPal and can't connect CAD bank account
  • Low limits for new accounts
Bitbuy Exchange

12. Bitbuy

Where Bitbuy Did Well:

  • Beginner and advanced trading interface
  • Good security features

Where Bitbuy Fell Short:

  • Cheaper platforms available. 11/15 place for total purchase fee (2.29%)
  • Deposits and withdrawals are not free (ranges from 0.50%-1.50% fee)
  • Limited coins (9) and features
Coinberry Logo

13. Coinberry

Where Coinberry Did Well:

  • Beginner friendly platform

Where Coinberry Fell Short:

  • Cheaper platforms available. 13/15 place for total purchase fee (2.83%) and had a 3.32% spread
  • Not for advanced users
  • Can't deposit or withdraw all coins
Coinsmart Exchange

14. Coinsmart

Where Coinsmart Did Well:

  • Beginner and advanced trading platform
  • Earn crypto for taking quizzes
  • Live chat and 24/7 support

Where Coinsmart Fell Short:

  • Cheaper platforms available. 12/15 place for best purchase fee at 2.60%.
  • 1% fee on fiat withdrawals
  • Low mobile app reviews and u/x might be confusing
Coinsquare

15. Coinsquare

Where Coinsquare Did Well:

  • Beginner and advanced trading platform
  • 5/15 overall for lowest total purchase fee (0.72%)

Where Coinsquare Fell Short: