In this guide, we cover the best crypto trading platforms in Canada and how to pick the right one for you in 2025. Here’s what to know and how to ensure you choose best for your own personal requirements. Coinsquare, launched in 2014, is another crypto exchange authorized to do business in Canada. It is well funded, offers about 65 cryptocurrencies to trade, and has tiered offerings to suit both new and experienced investors. A crypto exchange app typically allows you to deposit funds, convert money into a cryptocurrency, transfer between cryptocurrencies, and withdraw cryptos.
Best for Low Fees
They accept CAD and USD deposits and withdrawals through Interac e-Transfer and wire transfer, making it easy to move money in and out. I ensure most crypto exchanges I recommend is registered with FINTRAC and follows Canadian regulations (the ones that do not are marked properly). While platforms like KuCoin might offer attractive features, they lack proper Canadian oversight. If something goes wrong – like the FTX bankruptcy – your funds won’t have the same protections as regulated exchanges. This feature allows easy and convenient deposit of funds from any Canadian online bank account, addressing a major hurdle for Canadian crypto traders. Customer support is available through email, ensuring assistance for users’ queries and issues.
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They aim to offer the functionality of a CEX with the privacy of a DEX, providing the best of both worlds. Also, you might not be able to deposit money and convert it into cryptocurrency using a DEX. This is because they are primarily limited to converting one cryptocurrency into another. This platform is easy to join (instant ID verification) and has one of the lowest fees in Canada. Wealthsimple Digital Assets Inc. is a virtual currency dealer money services business authorized by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Security features
Hedge With Crypto is an independent publisher that provides objective and free content. However, our editorial content remains unbiased, reflecting our own opinions or the general information available. For more information on our company policies, read the Affiliate Disclosure, Privacy Policy, and Terms & Conditions. Automated trading is another major feature, with Expert Advisors (EAs) and scripts facilitating algorithmic strategies and backtesting directly within the platform. Traders can test ideas against historical data and automate execution without manual intervention. Moreover, the same advantages that make Bitcoin and its brethren appealing to cybercriminals can be exploited by the authorities to find and seize unscrupulous individuals’ funds.
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- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
- However, you should stay aware of tax implications, as crypto is not legal tender in Canada, and certain activities may incur capital gains taxes.
- Security-wise, Bitbuy supports 2FA, 90% cold storage of assets backed with comprehensive insurance, and it’s a FINTRAC-registered MSB approved by the OSC and the CSA.
- Novice traders often prioritize ease of use and security in their trading platforms, both of which Coinbase excels at.
- Bitbuy is a top Canadian crypto trading platform operating out of Toronto.
A broker Metatrader 5 is a financial intermediary that enables traders to access the Metatrader 5 trading platform and interact with global financial markets. Its primary role includes providing technical infrastructure, allowing connection to live markets, real-time data feeds, and reliable order execution within the Canadian regulatory framework. Metatrader 5 is a multi-asset trading platform developed by MetaQuotes Software, released in 2010 to serve the growing needs of Forex, CFD, and financial instrument trading. Metatrader 5 is compatible with most major Canadian brokers and operates seamlessly across desktop (Windows, macOS), mobile devices (iOS, Android), and a dedicated web platform. Yes, Binance is one of the best Bitcoin trading platforms due to its low fees, high trading volume, deep liquidity, and wide selection of crypto assets. If you’re an experienced trader, you can execute your day trading cryptocurrency strategy on Bitbuy Pro, which offers advanced charting, limit & market orders, technical indicators, and more.
How Does FXEmpire Choose The Top Crypto Platforms In Canada?
For example, you will typically hold the key to your wallet, which could be a password or a list of 12 or 24 words, so only you can access your cryptos. However, they are not as user-friendly as centralized exchanges and are not ideal for beginners. Instead, anyone can visit one and exchange different cryptocurrencies, and anyone who joins the network can certify transactions. Binance also has platforms you can install on Windows, macOS, and Linux. NDAX (National Digital Asset Exchange) is a Canadian cryptocurrency exchange operating out of Calgary.
f. Customer Support
Keep in mind, this isn’t an exhaustive list—there could be an exchange out there that’s a perfect match for your needs that I haven’t covered. If you are a frequent trader, you may want to choose an exchange that offers discounted trading fees for high-volume traders. Some exchanges offer discounted fees if you pay using their own cryptocurrency. It’s important to note that decentralized exchanges typically don’t offer the same conveniences that centralized exchanges do.
- It is easy to understand for those who are just beginning to invest in crypto, and it offers great tools to advanced traders.
- After registering with the selected broker, you will receive login credentials that allow you to access Metatrader 5 from your desktop, web, or mobile device.
- BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers.
What payment methods can I use to deposit into my broker account or purchase crypto?
Wealthsimple Crypto also offers crypto staking of ETH, ADA, and SOL to earn staking rewards of up to 4.5% p.a. Interactive Brokers provides several resources to help you better understand IBKR products and services, markets and technology. IBKR puts serious investors in control by combining low pricing, global market access, award-winning technology, and deep financial strength. With equity capital of USD 18.5 billion,1 and 160+ global market centers, IBKR truly serves investors who demand more.
The more liquidity an exchange has, the quicker it will be to complete trades. Larger crypto exchanges tend to have higher liquidity than smaller ones. Check that the exchange you want to use supports your chosen devices. Because of this, many investors opt to use decentralized exchanges.
IBKR is the Professional’s Gateway to the World’s Markets
For asset protection, Shakepay employs cold storage for coins, significantly reducing the risk of security breaches. Additionally, the platform offers Two-Factor Authentication (2FA), providing an extra layer of security for user accounts. The platform offers 0% fees for CAD funding, CAD withdrawals, and crypto deposits/withdrawals, with up to a $5 network fee waiver. Additionally, Newton does not charge commissions or trading fees, making it an economically attractive option for traders. Indeed, NDAX offers free deposits, fixed withdrawal fees, and a fixed 0.2% buy/sell fee, simplifying the calculation of trading costs. We tested this by transferring $100 to our NDAX account using Interac, receiving the full amount without any deposit fees.
Buying Bitcoin with this deposit, we acquired $99.80 worth of BTC, incurring a nominal fee of just $0.20 (0.2%). Upon selling the Bitcoin, we received $99.24, reflecting a loss of $0.56 (0.56%). The minimal spread of only 0.36% in this transaction underscores NDAX’s competitive pricing. Withdrawing our funds back to the bank incurred a modest $1.5 fee, totaling $97.74 returned.
You’ll also get your own dedicated account manager who will find you the best price for your trade. They’ll send you real-time quotes and you can execute the trade when you want. It’s extremely easy to use and its unique feature is that it does not charge fees. If you’re a serious crypto investor and are looking to throw down a large chunk of change you might be wondering about the safest way to buy. Similarly, perhaps your crypto investments have netted you big profits and you’re looking to sell a large amount, you’ll want to find the cheapest and safest way so you don’t lose your money.