Did you know that 90% of Canadians have heard of Bitcoin but only 5% own it? This doesn’t mean cryptocurrencies are unpopular. In fact, they are more popular than ever before.
It does signal that many cryptocurrency traders and looking into altcoins rather than trading Bitcoin. If you want to get started with crypto trading, you need to join an exchange.
Keep reading to learn the top Canadian crypto exchange options to choose from.
CoinSmart is the best Canadian crypto exchange for those looking for low trading fees of 0.2%.
Beginner traders can get an easy start with this exchange because they offer 24/7 customer support and instantly verify accounts. Other benefits of using this exchange include:
- Various cryptocurrencies
- Registered Marketplace by the OSC
- User-friendly for beginners
- 95% cold story policy
Opening an account and making deposits are free. Bank wire withdrawals and ETF withdrawals have a 1% fee.
Bitbuy is another exchange where you can buy Canadian cryptocurrency in a reliable way. The trading fees are 0.2% but they have an advanced trading platform that offers fees as low as 0.1%.
The benefits of Bitbuy and CoinSmart are almost exact. The only difference is that Bitbuy has a 99% cold storage policy. This is great for users looking to keep their funds extra secure.
VirgoCX is a Toronto-based Canadian crypto exchange that offers over 50 cryptocurrencies. This is more than the above two exchanges combined.
For example, this exchange offers USD coins in Canada which many exchanges don’t have. You can buy USDC and get a welcome bonus of $30 CAD in the process when you sign up.
It offers a mobile app that is intuitive but easy to use for beginners and seasoned traders. Other benefits and features include:
- Free fiat deposits and withdrawals
- Free deposits and withdrawals for most cryptos
- 24/7 customer support
- 95% cold storage policy
Like deposits and withdrawals, it’s also free to open an account!
Crypto.com isn’t technically a Canadian exchange, but it is a major global player that Canadian investors use.
It supports the most cryptocurrencies compared to other exchanges on this list making it a great option for those who want to invest in not-so-popular altcoins. You can even purchase newly listed coins at up to 50% off.
This exchange also offers unique features like futures contracts, staking coins, and leverage trades. The exchange is quick but comes with a price. The average trading fee is 0.4% but opening an account is free.
This is the best exchange for investors looking into altcoins. If you only want to buy and sell popular coins like Bitcoin and Ethereum, CoinSmart or Bitbuy is the better option.
Join a Canadian Crypto Exchange Now!
Canadians prefer to join a Canadian crypto exchange for security purposes, but anyone can open an account to trade!
All the options in this guide are popular among Canadians and around the world. They are all user-friendly, offer customer support, and have cold storage policies for additional security.
Decide which is best for you depending on what coins you want to buy and sell. Don’t forget to keep coming back for more helpful articles like this.