9 Best Crypto Exchanges In Canada

In Canada, there are many reputable crypto exchanges available for residents to purchase digital assets. It can be a difficult task for beginners to find an exchange that's the right fit with so many options. We have reviewed 70+ crypto platforms and will list our top-rated cryptocurrency exchanges in Canada so you can make an informed decision. 

our Pick

Best Crypto Exchange For

Bitbuy

Best Crypto Exchange For

kraken

Best Crypto Exchange For

coinbase

Top Cryptocurrency Exchanges In Canada

Here are the best Canadian exchanges to buy Bitcoin and cryptocurrencies for 2021.

  1. Coinbase (best for reputation)
  2. Binance (best for low fees)
  3. BitBuy (best for beginners)
  4. Kraken (best for bank transfer) 
  5. Gemini (best for security)
  6. Crypto.com (best for VISA card)
  7. CEX.IO (best for credit card)
  8. NDAX (best for zero deposit fee)
  9. MyBTC (best for Bitcoin only)

This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

Crypto Exchanges In Canada: Comparisons

This comparison guide provides an overview of the most popular exchanges in Canada to buy, trade and sell Bitcoin and other altcoins. Our assessment is based on thorough research into the platform's features, trading pairs, payment options, supported currencies, trading fees, customer support and security methods. 

Exchange

Crypto Assets

Fees

Rating

Promotion

Website

Review

binance

Binance

200+

0.1%

4.8/5

20% off trading fees

coinbase

Coinbase

37

0.5%

4.7/5

$5 BTC bonus (USA only)

Bitbuy

Bitbuy

9

0.2%

4.6/5

$20 bonus for $250+ deposit

kraken

Kraken

47

0.16% / 0.26%

4.6/5

None available at this time

gemini

Gemini

26+

0.5%

4.6/5

$10 BTC when buy/sell > $100

crypto.com

Crypto.com

80+

0.2%

4.5/5

$10 when stake > 1000 CRO tokens

cex.io

CEX.IO

31

0.25% / 0.16%

4.2/5

None available at this time

ndax

NDAX

13

0.2%

4/5

None available at this time

mybtc

MyBTC

1

Varies

3.7/5

None available at this time

Note that some exchanges require you to own a Bitcoin wallet such as a Ledger Nano X. If you don't have a wallet, read our guide on the top Bitcoin hardware wallets.

Top Crypto Exchanges Canada: 2021 Reviews

1. Binance

Binance is the largest crypto exchange in the world for buying, trading and selling digital currencies. In terms of trading volume and liquidity, Binance is ranked #1 which allows the platform to offer competitive spreads and low trading fees to swap coins. The exchange supports residents in the US to buy, trade and sell cryptocurrencies using US Dollars. Binance has recently announced Canadians can use the exchange to deposit and withdraw USD to local banks in Canada using SWIFT Transfers.

Binance does not support bank transfer or Interac e-Transfer using CAD from a local bank account. This may be a limitation for individuals that want to buy Bitcoin or crypto with CAD, however, there are plenty of features and benefits on the platform once funds have arrived or transferred from another provider.

binance website

Binance offers one of the lowest trading fees between 0% and 0.1% to trade Bitcoin to other altcoins or stablecoins. These are one of the cheapest rates compared to other exchanges that we have reviewed. Furthermore, there are fee rebates and discounts for holding BNB tokens or using our referral link for a 20% discount on trading fees. 

Binance exchange also offers a wide range of financial services and advanced features that include:

  • Basic and advanced trading charting to suit users of varying skill 
  • Margin trading platform to trade crypto with leverage
  • Derivatives and leverage tokens (3X)
  • A secure Binance wallet to store cryptocurrency assets
  • Binance offers a savings account to earn interest on crypto
  • Crypto loans and Binance staking pools 
  • Binance VISA Card to covert and pay with crypto

Features:

  • The leading cryptocurrency exchange in the world
  • Multiple trading pairs against fiat, altcoins and stablecoins
  • Variety of payment options to deposit USD
  • Low fees, high trade volume and trading fee discounts
  • Spot, Futures, options and margin trading from a single platform
  • Earn interest on crypto with a Binance savings account

Ease of use

Reputation

Deposit methods

Fees

2. Coinbase 

Coinbase is a USA based cryptocurrency exchange that is well-known for providing a simple, reliable and easy-to-use platform that is suited for beginners. The exchange is used by over 30 million individuals and institutions worldwide and supports investors located in Canada to buy digital assets such as Bitcoin to Ethereum XRP, Litecoin, Bitcoin Cash and many others.

Coinbase canada

The deposit fees using a debit card are 3.99% which is a high cost of entry for new investors that wants to buy crypto with CAD. Intermediate users and traders can use the Coinbase Pro trading platform has high liquidity and is equipped with advanced crypto charting features and risk management tools that will benefit professional and experienced traders. The fees are very competitive at 0.5% per trade. 

coinbase canada payment methods

Residents in Canada can instantly purchase crypto using a debit card and withdraw funds via PayPal. Similar to Binance, the exchange does not allow bank transfers using a local Canadian bank account. However, Coinbase is best known for its simplicity, ease of use and bank-like security measures to ensure customer funds and personal information are kept safe at all times. To date, there have been no reported hacks and funds stored online are covered by an insurance policy.

Features:

  • Suitable exchange for beginners and accepts CAD deposits
  • Coinbase Pro features advanced trading tools and indicators
  • Supports the most popular cryptocurrencies
  • Quick and easy to monitor crypto portfolio on website or app
  • Get free crypto by staking coins or learning about crypto
  • Secure wallet to store Bitcoin and other digital assets

Ease of use

Reputation

Deposit methods

Fees

3. Bitbuy

Bitbuy is a locally owned and operated cryptocurrency exchange that was established in 2016 and is regulated by FINTRAC, an entity of the Federal Government of Canada. The platform offers a reliable, convenient and secure way to buy Bitcoin and other cryptocurrencies and was ranked amongst the 2020's fastest-growing companies in Canada. 

bitbuy

Further to new Canadian regulations, assets held within Bitbuy’s cold storage have been transferred to BitGo Trust Company who are a leading qualified custodian that are purpose-built for storing digital assets. All assets held in custody with BitGo are covered by a comprehensive insurance policy, giving customers can have peace of mind when using Bitbuy.

Bitbuy is available to customers that reside in Canada only. The exchange is limited to deposits in Canadian dollar (CAD) deposits coming from Canadian banks and/or financial institutions. The exchange does not support payments in US Dollars, Euros or British Pounds.

bitbuy fund account

Bitbuy supports two payment options for its customers located in Canada to deposit CAD to the exchange to use for buying, trading or selling cryptocurrencies. The CAD deposit options include a bank account transfer and Interac e-Transfers which are near-instant. For large investments, using a bank or wire transfer is the best way to buy cryptocurrencies with CAD. Customers that are looking to make a smaller and same-day purchase can use Interac e-Transfers which has a minimum spend is $50 up to $10,000.

Features:

  • Canada only crypto exchange since 2016
  • Beginner-friendly, suited to new crypto investors
  • Bank wire and Interac e-transfers to deposit CAD
  • Mobile app available for iOS and Android devices
  • Extensive customer support guides, FAQ's and quick response rates

Ease of use

Reputation

Deposit methods

Fees

4. Kraken

Kraken is a Bitcoin and cryptocurrency exchange that was founded in 2011 that is recommended for trading. The platform is a top 5 exchange based on traffic, liquidity and spot trading volume according to coinmarketcap. Kraken Exchange has over 70 crypto pairs to buy, trade and sell with new assets added frequently. Users can trade crypto and traditional markets such as Forex pairs like the EUR/USD.

Since its inception to the market, Kraken has become a leading exchange with a high reputation for ease of use, safety and competitive pricing. The platform is suited for experienced crypto investors to make quick fiat deposits and withdrawals, visualize portfolio performance and track all digital assets in a single location.

kraken canada

Compared to Binance and Coinbase, there are more options to deposit CAD to Kraken that includes wire transfers, cash at a local Canada Post or SWIFT for internationals. The best method for Canadians to deposit funds is using a local wire transfer which has no fees and takes between 1 and 5 business days to process. A faster method is using cash that takes 30-60minutes to complete. However, will attract a 1.25 CAD + 0.25% surcharge for convenience.  

kraken deposit fees CAD

There are some restrictions on the supported cryptocurrencies for residents within Canada to be aware of. Certain assets cannot be deposited, held or traded on Kraken for users in Canada such as EWT, GRT, ANKR, BNT ENJ, FLOW, GHST, LPT, MATIC, MKR, RARI, REN, SAND, SUSHI or ZRX. Overall, Kraken is an excellent choice to buy crypto with CAD and trade for other altcoins.

Features:

  • Deposit CAD using a local wire transfer or cash deposit
  • Charting interface is simple use and navigate
  • High trading volume and liquidity in order books
  • Earn passive rewards by staking coins like Cardano
  • Full-time staff to offer 24/7 support to users

Ease of use

Reputation

Deposit methods

Fees

5. Gemini

Gemini is a New York-based firm and regulated cryptocurrency exchange that was founded by the Winklevoss twins. The exchange has focussed on simplicity and ease of use, making it an appealing way for Canadians to discover popular coins and DeFi tokens through an intuitive and elegant web interface or mobile application.

Gemini provides a secure place for individuals, traders and institutions to buy, sell, and store digital currencies and also earn interest. Notable features include an advanced trading platform, custody service, secure wallet, mobile trading app and off-exchange crypto trades. 

Gemini Canada

Gemini customers in Canada can seamlessly transfer funds into the Gemini Exchange to buy and sell crypto using Canadian Dollars. The most popular method is to deposits funds using a bank transfer or wire transfer which has zero fees. Customers can also buy crypto on Gemini using a debit card transaction which incurs a 3.49% fee on the total amount, which is slightly cheaper than Coinbase. Overall, Gemini is a recommended for Canadian's due to its support for local bank transfers with zero fees and the beginner-friendly user interface on its desktop and mobile apps.

Gemini CAD deposit fees

Features:

  • Beginner-friendly and simple to use
  • Competitive fees of 0.5% per transaction that reduces with volume
  • Accepts CAD deposits using bank/wire transfers
  • Recurring orders and set price alerts
  • Spend crypto using the Gemini mobile app

Ease of use

Reputation

Deposit methods

Fees

6. Crypto.com

With over 10 million customers worldwide, Crypto.com Exchange and Crypto.com App are premium cryptocurrency services that are ideal for beginners and experienced investors to purchase crypto using Canadian dollars and trade on a their advanced trading platform. The platform can be used to buy, sell, trade, spend, store, earn, loan cash and even pay bills with crypto. Crypto.com App offers very good deals for new and existing cryptocurrency investors such as:

  • 90 days of zero-fee crypto trading for new users
  • Up to 50% trading fee reduction on all trades for existing users of the Exchange
  • 2% bonus deposit interest rate for deposits made in the first 30 days  
  • Send crypto to Crypto.com App users instantly without fees
  • Buy Bitcoin with 0% credit card fees

There is the option to buy crypto using a credit card for Canadians, however, the current banks are not crypto-friendly and have been reports of the transaction being blocked. An alternative is to use a debit card on the Crypto.com app or use e-transfer through a local bank account that supports Autodeposit. For a list of Canadian banks that support Autodeposit, visit this page.

crypto.com

Features:

  • Beginner-friendly mobile app with rapid account verification
  • Supports CAD deposits using a credit/debit card, bank transfer and e-transfer
  • Fast and secure trading exchange with high liquidity
  • Crypto.com Visa Card to spend crypto and earn up to 8% cashback
  • Earn up to 14% interest on crypto assets

Ease of use

Reputation

Deposit methods

Fees

7. CEX.IO

CEX.IO is a popular UK crypto exchange to buy Bitcoins instantly using its website or mobile app. CEX.IO is considered to be one of the best crypto exchanges in the world to buy Bitcoin, Dash, XRP, Stella and others with Canadian dollars. The exchange supports a wide variety of deposit methods including credit cards, debit cards, bank transfers, Skrill and more. 

For Canadians, the best method to deposit CAD is using a VISA or Mastercard. CEX.IO is also one of the few exchanges in the world that lets customers sell coins instantly withdraw fiat profits to a VISA or Mastercard or CEX.IO balance. 

CEX.IO Canada

In terms of trading fees, CEX.IO uses a maker and taker model to determine the appropriate fee to charge users on the exchange. The fees start from 0.25% and 0.16% respectively and reduce with higher trading volumes over a 30 day period. For credit or debit card purchases using a VISA or Mastercard, a fee of 2.99% applies to deposits and up to 3% + $5 to withdraw money back to the bank card. Overall, CEX.IO is a solid exchange available for Canadians to use that is simple to use and has lower card fees compared to Coinbase.

Features:

  • Over 4 million registered users on the platform
  • Buy crypto with a debit or credit card
  • Instantly withdraw your fiat profits to VISA or Mastercard
  • Margin trading with leverage up to 100x
  • Hold coins on the platform to earn staking rewards
  • Responsive 24/7 customer support

Ease of use

Reputation

Deposit methods

Fees

8. NDAX

NDAX.IO, or otherwise known as the National Digital Asset Exchange, is a local cryptocurrency trading exchange based in the province of Alberta. The exchange allows residents within Canada to buy, trade and sell 13 crypto's such as Bitcoin, Ethereum, Dogecoin and others. NDAX.IO has been designed for beginners with its easy-to-use platform and offers a variety of features such as same-day CAD deposit and withdrawals, low trading fees, a mobile trading app, OTC desk and tools to track and manage a crypto portfolio.

NDAX deposit methods

NDAX is one of the safest cryptocurrency exchanges in Canada and has partnered with Ledger Vault, an institutional-grade digital asset security solution to bring the highest level of protection. Customer's assets are stored in world-class multi-signature cold storage wallets or Canadian Crown-owned bank in segregated accounts. Since its launch, NDAX has never been hacked or compromised, unlike other Canadian exchanges that have been hacked in the past.

Features:

  • Beginner-friendly design for all experience levels
  • Reputable exchange in Canada with CAD and USD deposits
  • Deposit CAD using wire transfer, Interac e-Transfer or Bank draft
  • No fees to deposit or withdraw funds
  • Competitive trading fees of 0.2% per trade
  • OTC desk for large orders

Ease of use

Reputation

Deposit methods

Fees

9. MyBTC

MyBTC is a well established Canadian cryptocurrency exchange that was launched in 2016. The exchange offers a safe and easy way to purchase Bitcoin using a variety of common payment methods available such as credit/debit cards, Interac E-transfer, bank wire and Flexipin cash vouchers. The broker is non-custodial by design that allows a secure transfer of BTC directly to the user's wallet.  

MyBTC Deposit options

A benefit of MyBTC is the simple and easy-to-use interface that will suit all types of individuals with various levels of investing knowledge. The website shows each payment method and its transaction speed, daily limits and verification requirements. The customer can choose a suitable payment method by comparing the options to begin the process to obtain Bitcoin. 

MyBTC.CA also has an excellent track record for providing high-quality and responsive customer service. According to Trustpilot, the exchange has an overall star rating of 4.7/5 based on 199 customer reviews. 

Features:

  • Proudly Canadian Bitcoin-only exchange
  • Safe and secure CAD deposit options
  • Simple and beginner-friendly user interface
  • Non-custodial exchange that provides robust security
  • Excellent feedback on customer support team

Ease of use

Reputation

Deposit methods

Fees

How We Rated Them

With so many cryptocurrency exchanges to use, it can be a challenging task for beginners. We have individually researched each exchange listed above and rated the performance against the following criteria. 

Trusted and Regulated

Using a FINTRAC regulated exchange is the safest option to buy and sell crypto in Canada. A global crypto exchange that supports customers from Canada and is regulated within the USA is also a good option. The US enforces some of the world's highest standards of financial laws and regulations that govern the digital currency industry. 

Beginner-Friendly

Ease of use is an important consideration for beginners that have limited experience using an exchange, broker or trading platform. New investors looking to convert fiat currency to cryptocurrencies are better suited using a simple and quick user interface on a desktop or a mobile app. We assess the user-friendliness of the desktop and mobile applications. 

Deposit Methods

The availability of local supported payment methods to fund an account should be at the forefront of new investors in Canada. Our rating checks the deposit methods available for residents in Canada using Canadian Dollars. For example, one of the quickest and most accessible deposit options is using a credit card linked to a local bank.

Withdraw to a Local Bank Account

Not all exchanges allow the withdraw of CAD to a bank account. This is an important feature for investors that will eventually cash out of their investment to a personal bank account. 

Supported Cryptocurrencies

Bitcoin is widely available on the vast majority of digital currency platforms. However, there are thousands of other altcoins and tokens that have become popular. Our rating takes into consideration the number of cryptocurrency assets available and the trading pairs against cryptos and fiat currencies.

Wallet Security

The risk of online scams, fraud and theft is a major concern in the blockchain community. Our scoring system assesses the platform's security features to ensure the safety and protection of funds stored by the exchange. Common security measures include cold wallet storage, multi-signature withdrawal process and Two-Factor Authentication (2FA).

Fees

There are several different fee structures to be aware of when using a crypto exchange. There are fees to deposit CAD using a variety of deposit methods, withdraw funds and trade between assets. Exchanges also charge spread fee which is often a 'hidden cost' and not fully disclosed. Our review takes into consideration all fees associated with depositing, buying, trading, selling and withdrawing.

Customer support

Explore the website to find out what communication methods are available to support users that need troubleshooting advice or assistance on the exchange. Most exchanges will provide comprehensive FAQ's and How-To-Guides which are useful for beginners to get started with crypto.

Reviews

Search for online exchange reviews, forum comments and posts on social media is a great way to see what experience other investors and traders have had with the platform.

Types Of Crypto Exchanges

There are different types of cryptocurrency exchanges to select from in Canada which can depend on the users level of experience with investing and trading financial markets. We have outlined the basic types below for each category of investor.

Cryptocurrency Broker 

Brokers do not maintain their own order books and aggregate prices from the largest exchanges in the world to offer the best rates and prices. The platforms are highly suited to beginners that want to buy Bitcoin and cryptocurrency in a simple and easy manner. The platform will comprise of a simple buy and sell order window for users to enter in the amount of crypto to buy using local currency. 

Cryptocurrency CFD Provider

Other brokers such as Plus500 and eToro provide an alternate way for investors to buy cryptocurrency and index funds. These platforms allow traders to speculating on the direction of the price without purchasing the real asset. A Contract For Difference (CFD) follows the price of the asset and can be traded in both directions (e.g. long or short) and with leverage.

Traders can use a CFD provider to practise crypto trading on a demo platform or prefer to earn profits in local fiat currency while still participating in the cryptocurrency market. However, both Plus500 and eToro are not regulated and available to use in Canada.

Cryptocurrency Trading Exchange 

Cryptocurrency trading exchanges such as Coinbase Pro and Binance offer modern and feature-rich platforms with advanced charting packages to allow intermediate to experienced traders to buy, trade and sell crypto for other coins. These types of platforms are suited to altcoin traders that are looking to diversify their portfolio and trading between altcoins.

Trading exchanges feature highly intuitive user interfaces with charting features and tools such as technical indicators, drawing tools and chart patterns to allow traders to analyse the price action and identify trading opportunities. 

binance charts

Trading cryptocurrency using Binance.

Futures & Derivatives Cryptocurrency Exchanges

Derivative exchanges such as Bybit and FTX are recommended for experienced traders only that have an understanding of how to use leverage trading, how and when to use maker and taker orders and have sound risk management principles. Using leveraged positions is risky and traders can potentially lose more than what they deposited into an account. Advanced traders can use leverage up too 100:1 on positions to long or short the market and take advantage of small price movements to grow a trading account very quickly, however, comes with increased risk.

bybit interface

Best Canadian Crypto Exchanges

Best Crypto Exchange With Low Fees

When looking for the cheapest cryptocurrency exchanges within Canada, it is important to consider the trading fee and also spread. One of the lowest fee cryptocurrency exchanges is Binance with fees between 0% to 0.1%. Binance is the largest trading exchange website, however, does not directly accept CAD deposits.

Best Crypto Exchange With Zero Fees & Commissions

There are several cryptocurrency exchanges available to traders that reside in Canada that offer zero-fee crypto trading. These exchanges will offer a membership program or use a native platform token to remove the fee on spot trades. One of the better trading platforms with no commissions or fees is Phemex.

phemex trading zero fees

Best Crypto Exchange For Beginners

Bitbuy is one of the best websites to buy/sell crypto for beginners using the Express Feature. Individuals can use the clean, intuitive, easy to navigate platform which is fully responsive for mobile devices that includes all the trading features available on the desktop version of the site. 

bitbuy express trade

Best Crypto Exchange To Buy Bitcoin

Based on our reviews, Kraken is the best cryptocurrency exchange to buy Bitcoin in Canada as it directly supports local deposit methods using Canadian Dollars. The benefit of using Kraken is access to its advanced trading exchange for individuals to convert Bitcoin into other altcoins such as Ethereum without having to transfer the funds off the exchange.

Best Crypto Exchange To Buy Ethereum

Based on our reviews, Kraken is the better exchange to buy Ethereum in Canada. Kraken support CAD deposits with zero fees, deep liquidity to offer lower spreads on its trading pairs and the ability to swap Ethereum to other digital assets. There are also no fees to cash out of Ethereum to CAD and withdraw to a bank account.

Best Crypto Exchange To Buy Altcoins

Binance is the world's largest cryptocurrency exchange in the world with over 200 altcoins to buy/sell and trade in Canada against fiat currencies and stablecoins. Binance exchange has become a popular destination for crypto enthusiasts of all skill levels to start trading on the exchange due to its high liquidity on altcoin pairs, low trading fees and advanced trading engine. 

Best Crypto Exchange For Safety

The Gemini platform is one of the safest cryptocurrency exchanges to buy and sell digital assets. The digital asset exchange features institutional-grade measures to protect its user's information and funds stored on the platform. Security features include cold wallet storage, multi-signature withdrawal process, Two Factor Authentication, encryption, whitelisting addresses and brute force login protection.

gemini regulated

Best Crypto Trading Platform

Binance is a popular cryptocurrency trading platform that features an advanced charting system to allow traders to start trading on digital assets like Bitcoin. Powered by TradingView which is a leading charting and social network, Binance users are fully equipped with the best charting tools and trading features for cryptocurrency to trade hundreds of pairs on a single trading site.

Binance also offers margin trading on it's platform for users to crypto trade leveraged positions. The margin exchange is a popular way to short sell Bitcoin and hedge against market volatility. Overall, Binance is one of the top cryptocurrency trading platforms for intermediate, professional and institutional traders.

Best Crypto Trading App

Crypto.com is widely known for its mobile app to create an account, deposit funds, buy and sell crypto and withdraw funds. The Crypto.com app has a fully responsive interface where users can manage their portfolio, send crypto to other users and make instant payments in crypto.

crypto.com mobile app

Cryptocurrency Exchanges That Allow Cash Deposit

Kraken allow individuals in Canada to buy cryptocurrency using a cash deposit at a local news agency. The fees are 1.25 CAD and 0.25% of the total amount, which is slightly higher than a wire transfer using a local bank. The benefit of a cash deposit is the processing time which takes between 30 minutes and 1 hour to complete. There is a minimum deposit amount of 20 CAD using a cash payment.

Cryptocurrency Exchanges That Don't Require ID

Individuals that convert fiat currency (e.g. Canadian Dollars) into cryptocurrency (e.g. Bitcoin) using an online exchange generally need to submit identification documents. This is mandated by the anti-money laundering and counter-terrorism financing (AML/CTF) regulator. There are some exceptions to the rule such as peer-to-peer services like Paxful and instant crypto swap services. These platforms allow users to buy and sell directly with each other that don't always require ID depending on the method of payment. 

paxful

Frequently Asked Questions

Which Crypto Exchange Has The Lowest Fees In Canada?

Based on our research, Binance has the cheapest fees to trade crypto to crypto with fees between 0% and 0.1% that reduces depending on the trading volume over a 30-day period. The trading fee can be further reduced by up to 25% through the Binance Referral and Rewards Program. However, the exchange does not offer a direct option to deposit Canadian Dollars and convert to Bitcoin. Individuals will need to use another exchange in Canada to convert CAD into crypto before trading on Binance.

Kraken offers very low fees based on a maker and taker fee structure that start from 0.16% and 0.26% respectively and reduce with increased trading volume. Individuals can directly deposit CAD to Kraken using a domestic wire transfer with no fees and is a cost-effective option for beginners.

Is Coinbase Good For Canada?

Coinbase is a reputable and popular cryptocurrency exchange that is available for individuals in Canada to buy and sell crypto. The exchange is recommended for beginners due to its ease of use and security of funds held in their custody. The options for residents in Canada to deposit CAD is limited to a debit card only which has a fee of 3.99%. There is no option to use a bank transfer or withdraw Canadian Dollars to a bank account.

Do Canadian Banks Accept Crypto?

Banks in Canada do not accept crypto transactions or provide custody services to store customer's cryptocurrency assets. There are reports of the Royal Bank of Canada, TD Bank and Scotiabank blocking credit card crypto purchases. However, the banks appear to allow CAD transfers using e-Interac and debit cards.

Conclusion

To conclude our article on the best cryptocurrency exchanges in Canada, it is recommended to stick with the popular and reputable exchange that supports Canadian residents. Equally as important, the exchange should accept CAD to avoid foreign conversion fees and be regulated by the authority FINTRAC. The above crypto exchanges are trustworthy and used by millions of customers worldwide to buy, trade and sell cryptocurrency.

If you're are planning to buy and trade cryptocurrencies, make sure to withdraw your profits to a reputable crypto wallet for safe-keeping. It is widely regarded as the best method to protect your crypto investment.

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Kevin Groves
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 and is a swing trader with over 10 years of experience. He loves trading crypto using various platforms and helping others learn about cryptocurrencies via hedgewithcrypto.