Best Crypto Exchange in Canada June 2026
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We evaluated 10+ Canadian crypto exchanges based on security, fees, features, and compliance. Bitbuy is the safest, Newton offers the lowest fees, and Coinbase is the best overall for ease of use.
Our expert team compared platform regulation, staking options, and supported assets. Kraken excels for staking, Wealthsimple is beginner-friendly, and NDAX prioritizes asset security with insurance coverage.
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Our top picks for the best crypto exchanges in Canada
Canadian traders need crypto exchanges that comply with local regulations while offering competitive features. Reliability, security, and support for diverse coins are key factors in making a choice.
Whether you're an experienced trader seeking high performance with the right balance of transaction fees and advanced features, or a newcomer looking for an easy entry into the crypto space, our recommendations will guide you to the best crypto exchange in Canada that fits your needs.
Best crypto exchanges in Canada reviews
Bitbuy is a notably compliant and exceptionally transparent crypto exchange, known for its strong security measures and offline cold storage of user funds. It has never been hacked, and if such an event were to occur, Bitbuy's comprehensive insurance policy with BitGo would likely cover users' losses.
Catalyx stands out for its strict compliance with regulatory bodies like FINTRAC, IIROC, and the OSC. It offers a variety of crypto-CAD markets and follows industry standards for security.
Coinbase offers access to more than 150 tradable cryptocurrencies, making it an excellent choice for investors entering the crypto space. The platform is known for its user-friendly interface, simplifying one-time or recurring crypto transactions.
Coinsmart prides itself on offering a user-friendly platform for trading 16 popular cryptocurrencies. It follows industry best practices for security and employs Chainanalysis to flag high-risk transactions.
Kraken is a leading player in Canada's cryptocurrency market, serving over 9 million clients in 190 countries and boasting a substantial $207 billion in quarterly trading volume. This exchange offers access to more than 200 cryptocurrencies, including popular options like Bitcoin, Ethereum, Polkadot, and Axie Infinity Shards, with a low minimum investment of $10.
NDAX prioritizes the security of user funds, with the majority of assets held offline and protected by multiple insurance policies. It's registered with FINTRAC and offers a range of popular cryptocurrencies for trading.
Newton offers a wide range of more than 70 cryptocurrencies on its user-friendly platform. It charges no commission fees and has competitive spreads, making it attractive for crypto enthusiasts.
Shakepay focuses on Bitcoin and Ethereum, offering a secure platform with insurance coverage for offline assets. It follows stringent security practices and encourages users to transfer assets to cold wallets for added security.
Swapzone allows users to compare exchange offers for various crypto pairs, offering a one-stop-shop for crypto trading. It is non-custodial and doesn't require registration, enhancing user privacy.
VirgoCX supports over 60 cryptocurrencies and offers NFT trading. It boasts strong partnerships with trusted institutions, including Coinbase Custody and Coincover.
Wealthsimple offers a user-friendly platform for trading 140+ cryptocurrencies, with a low entry barrier of just $1. It prioritizes security, with assets held by Gemini Trust and insured for $200 million.
What is the safest crypto exchange in Canada?
In the world of Canadian cryptocurrency exchanges, one platform consistently shines as the best crypto exchange in Canada in terms of safety and regulatory compliance: Bitbuy. Bitbuy's commitment to security is reflected in its robust infrastructure and adherence to Canadian regulatory standards.
Operating under the registration of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business, Bitbuy ensures a secure environment for users' funds. Additionally, Bitbuy employs stringent security measures, including cold storage of assets and two-factor authentication, making it the safest crypto exchange in Canada overall.
What is the best crypto exchange in Canada for beginners?
Wealthsimple is our pick of the best crypto exchange in Canada for those new to cryptocurrency.
It offers a user-friendly platform where you can trade 57 different cryptocurrencies, and you can get started with as little as $1. Security is a top priority, with assets held by Gemini Trust and insured for $200 million, providing peace of mind for new investors.
Different types of crypto exchanges in Canada
Canadian crypto exchanges come in various forms, each with its own set of characteristics and advantages:
Centralized Exchanges (CEX): These exchanges, such as Bitbuy and Kraken, operate similarly to traditional financial institutions. They are regulated by Canadian authorities, ensuring compliance with financial regulations. Centralized exchanges offer high liquidity and a wide range of trading options.
Decentralized Exchanges (DEX): DEX platforms allow peer-to-peer trading directly from users' wallets, eliminating the need for intermediaries. DEXs prioritize privacy and security by putting users in control of their funds.
Hybrid Exchanges: Some Canadian exchanges, like NDAX, incorporate elements of both centralized and decentralized models. They work to combine the liquidity and regulatory compliance of centralized exchanges with the security and privacy benefits of decentralized ones.
Which Canadian crypto platform has the lowest fees?
Newton sets itself apart by offering an extensive range of over 70 cryptocurrencies on its user-friendly platform. But what's even more enticing is its fee structure. Newton charges no commission fees, making it an attractive option for crypto enthusiasts.
Instead, they generate revenue by applying competitive spreads to trades, calculated as the difference between the midpoint and the bid/ask price, and you can rest assured that funding and withdrawing your assets on Newton is entirely fee-free. This makes Newton the best crypto exchange in Canada for low fees.
Final verdict about the best Canadian crypto exchange
Selecting the best Canadian crypto exchange hinges on your individual preferences and goals.
For beginners, Bitbuy’s user-friendly approach is a standout choice. For experienced traders seeking low fees, Newton can be great. Overall, we like Coinbase for its credibility, mobile app, wallet, and ease of use.
Methodology
Crypto exchanges in Canada FAQs
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