8 Best Crypto Exchanges in Canada (For July 2026)

Newton – Canada’s Best Crypto Exchange for Safety & Security

Newton is one of the best beginner-friendly crypto exchanges with low trading fees in Canada. It offers popular digital currencies such as Bitcoin, Ethereum and Polkadot as well as many other altcoins. In fact, they constantly add new coins and improve their platform. Newton has a sleek, modern interface that will appeal to beginner crypto investors. Its cryptocurrency trading platform is easy to navigate and users can take advantage of free deposits and withdrawals.

The platform constantly improves, recently adding a recurring buys feature, allowing users to automate crypto purchases, and partnering with Koinly for seamless crypto tax reporting.

One of the key advantages of using Newton is its fee structure. 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.

Even though Newton claims to be a no-fee crypto exchange, it has higher spreads than exchanges that charge trading fees (similar to NDAX and Shakepay). However, it is still a pretty decent crypto platform and fees are pretty cheap. If you decide to use Newton, make sure to check our Newton crypto exchange review. For example, we spent $100 with Newton Canadian crypto exchange. When making the trade we received $99.10 worth meaning we lost $0.90 or 0.90% to the spread and that's your only expense. Newton also covered network fees for withdrawal which is a significant advantage for its users. The spread on Newton ranges from 0.40% to 0.90%, which is competitive within the market. 

Newton supports various deposit methods, including Interac e-Transfer, Wire transfer, and the ability to directly connect a bank account, which is particularly convenient for users dealing with Canadian dollars.

Newton's ease of use and focus on popular cryptocurrencies make it the premier choice for beginner traders in Canada's cryptocurrency market.

It also offers instant verification, which is great if you want to purchase your first crypto fast.

In terms of customer support, Newton provides assistance through email, catering to user queries and concerns. Security is a significant focus for the platform, which includes daily exchange backups and third-party custody of assets, mostly kept offline for enhanced safety. Furthermore, Newton's direct bank integration is a measure designed to reduce the risk of fraud, thereby increasing the security of transactions for its users.

The best thing about Newton is the crypto assets they offer and they grow this list every month. They currently offer over 70+ cryptocurrencies which makes them the best Canada-based crypto exchange when it comes to crypto selection.

If you’d like more advanced trading features, Newton is working on a Pro trading platform that is currently in its Beta stage. 

Pros:

• No deposit or withdrawal fees 
• Wide selection of coins available
• You can export a T5 statement
• Sleek interface
• Newton Pro for advanced traders in Beta stage

Cons: 

• No live chat support
• No credit card deposits. Debit must be pre-approved.
• High fee on spreads

Blofin – Ranked #1 for Cheapest Fees & Privacy in Canada

After Binance's exit from the Canadian market (and Bitget), Blofin has secured this spot on our list. It's the best crypto exchange for Canadians in terms of crypto coins selections (over 400) and fees. Blofin is a global exchange catering to skilled users and offers a vast selection of altcoins for Canadian crypto traders.

Notably, Blofin stands out with its competitive trading fees of just 0.1% for spot trading, which can be further reduced through VIP tiers based on trading volume. The trading fees are not comparable with many local Canadian crypto exchanges, it is very very low due to the high volume.

Additionally, Blofin offers low fees on futures trading starting at 0.02% maker and 0.06% taker, making it even more appealing for active traders. While deposits in cryptocurrency are free, purchasing crypto with CAD requires a debit card or a third-party service like Banxa. 

Compare to Bitbuy, it offers over 400+ cryptocurrency coins, so it’s the perfect choice for people who like to invest in altcoins. Blofin boasts a robust daily trade volume of over $500 million, ensuring ample liquidity. With a CoinMarketCap rating of 847 out of 1000 for its BTC/USDT pair, Blofin demonstrates good liquidity, resulting in competitive fees and narrow spreads.

The exchange profits from the spread, which is the difference between the highest bid price and the lowest ask price. Many Canadian crypto exchanges charge crazy spreads but not Blofin. Despite not being FINTRAC-regulated, Blofin prioritizes security and employs measures to safeguard user accounts. Two-factor authentication is available, and email notifications are sent for logins and withdrawals. To identify genuine emails, an anti-phishing code can be set up, providing added reassurance. 

Blofin prioritizes the protection of customer funds and offers comprehensive insurance coverage through Fireblocks. In the event of asset loss through no fault of the account holder, a claim can be made. But remember, not your keys, not your coins so always get a personal hardware crypto wallet and transfer major crypto funds to your own crypto wallet for extra safety.

The Blofin app receives high ratings and offers user-friendly features on both iOS and Android. Additionally, their customer support impressed us with their prompt resolution of our specific crypto asset withdrawal issue within 24 hours. While its platform is certainly not for beginners (even though, they made their interface user-friendly recently), once you get used to the advanced interface, Blofin offers so much that you’ll probably never look at another exchange again.

Pros: 

• Good for Canadians looking to buy and trade altcoins
• Extremely Low trading fees
• Copy trading
• Advanced order types
• Margin trading (up to 150x leverage)
• Futures trading
• 400+ coins
• Simple or advanced interface

Cons: 

• Not beginner-friendly
• No FINTRAC registration in Canada
• Higher KYC levels restricted in Canada

Bull Bitcoin – Ranked #1 for Bitcoin-Only Trading in Canada

If you want to trade Bitcoin only, then Bull Bitcoin is your best choice. 

Bull Bitcoin is a unique Bitcoin trading platform in Canada that lets you pay your bills with Bitcoin (currently disabled). This includes your phone, internet, water, insurance, electricity bills, and even taxes to CRA. It's perfect for people who only want to buy Bitcoin because that's all they offer.

Bull Bitcoin isn't like other crypto exchanges; it's simpler and great for beginners. You can put Canadian dollars into your account using Interac e-Transfer, wire transfer, or by paying with cash or debit at Canada Post.

A cool thing about Bull Bitcoin is that they send the Bitcoin straight to your cold crypto wallet. This means you don't have to pay the extra fees that other exchanges charge. Also, when you buy Bitcoin from them, there are no extra fees. You pay exactly the price they show, which makes it a cheap place to buy Bitcoin in Canada.

Bull Bitcoin follows all the Canadian rules because it's registered with FINTRAC, a government agency. Plus, their customer service is really good and people are happy with it.

Pros:

• Send funds via e-Transfer or wire
• No withdrawal fees or wait times
• Recurring buys directly from your bank account
• Pay bills with bitcoin

Cons:

• Only bitcoin available 
• No advanced order types

NDAX.io, recognized as Canada’s #1 Exchange for Cashing Out Crypto

NDAX has consistently demonstrated its adaptability and commitment to compliance, earning it a spot in the top-5 of our latest rankings. This beginner-friendly crypto exchange offers an array of popular digital currencies and has recently enhanced its services to better accommodate Canadian users. I use NDAX for cashing out crypto to my Canadian bank account because of their low fees and excellent, fast service.

With the latest updates, NDAX now supports USD deposits, broadening its accessibility to include both Canadian and U.S. dollars. While it has discontinued accepting bank drafts, it has introduced more versatile withdrawal options, including Interac withdrawals for just $1.50. This improvement ensures that fiat withdrawals are not confined to the previous $4.99 Bank EFT fee. Additionally, NDAX has expanded its BTC withdrawal methods to include three more options, one of which is free, further reducing the cost for users. We even included NDAX as one of the best Canadian exchanges  to cash out crypto in Canada.

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.

In terms of regulatory compliance, NDAX has taken proactive steps by filing a Pre-Registration Undertaking (PRU) with the Canadian Securities Administrators (CSA), ensuring it remains in strict adherence to Canadian financial regulations.

NDAX's platform boasts over 30 different cryptocurrencies and maintains its 0.2% fixed buy/sell fee, which simplifies calculating trading costs. For instance, a $100 Interac deposit incurs no fees, ensuring full value transfers. The trading fees remain competitive with a buy/sell spread that keeps costs low for users. The platform also facilitates quick and easy Interac deposits, enhancing user convenience.

Security continues to be a top priority for NDAX, which secures its assets in cold storage using Ledger Vault, significantly minimizing online threats and enhancing investment safety.

These enhancements make NDAX an even more appealing choice for Canadian crypto traders, reaffirming its position as one of the most cost-effective and secure exchanges in the market.

Check out more about it in our NDAX review.

Pros: 

• Free deposits
• No deposit/withdrawal minimum or maximum
• Fixed 0.2% buy/sell fee
• Wide range of coins available
• Fast Interac deposits 
• Send, request, and gift crypto to another NDAX user for free, instantly
• Address whitelisting

Cons: 

• Limited to CAD and USD deposits.
• Does not accept credit/debit card payments.
• Reduced deposit method options with the removal of bank drafts.
• Hidden fees (e.g. spread)

Kraken (#1 Crypto Exchange Under Beginner-Friendliness Category & Reputation in Canada)

If you're new to trading crypto, Kraken is a great place to start because they have an extensive Learn center with guides, articles, and videos. In this resource hub, you can access comprehensive information on cryptocurrencies and trading basics. The materials are straightforward, making it easy to learn at your own pace. It's a good way to build your knowledge before diving into trades. Not to mention, Kraken provides you with endless education materials for free.

The fees on Kraken are among the lowest in the crypto exchange industry for advanced users on Kraken Pro, with maker fees as low as 0.16% and taker fees at 0.26%, which decrease with higher volume. On the standard platform, there's a flat 1% fee plus spread for simpler buys, but overall, Kraken has built a reputation as an ideal platform for novice traders, thanks to its clean interface and robust security measures.

Novice traders often prioritize ease of use and security in their trading platforms, both of which Kraken excels at. However, for absolute beginners using the basic buy/sell features, the fees can be higher than Pro, though still competitive. For those just starting out with crypto trading, view any initial fees as an investment in a secure and educational platform designed to introduce you to the cryptocurrency universe and its mechanisms.

I highly recommend Kraken as the starting point for all beginners in Canada. After you've built up some experience and feel sure about your trading decisions, you're free to switch to another exchange if you wish, though Kraken's Pro version offers advanced tools at low costs.

In terms of security and variety, Kraken stands out. It is one of the oldest exchanges, ensuring transparency and reliability. Being registered as a Money Services Business with FINTRAC adds to its credibility. Moreover, Kraken ensures the safety of assets by holding the majority of bitcoin and other cryptocurrencies in cold storage, with wallets and private keys securely encrypted. Advanced security features like Proof of Reserves, bug bounties, and employee checks further reinforce this aspect. Kraken offers solid customer support with 24/7 availability via chat, email, and phone, and has received positive feedback for responsiveness, though some users note occasional delays during high volume.

Pros: 

• Easy for beginners 
• Fully compliant in Canada (FINTRAC-registered)
• Easy deposits with Interac e-Transfer
• Great UI
• Wide range of cryptocurrencies (over 400)
• Educational resources
• Secure and compliant

Cons: 

• Fees can be higher on basic interface (use Pro for lower)
• Advanced tools in Kraken Pro
• Customer service can have delays
• Occasional platform updates may cause brief downtime
• Limits on purchases for new users

Bitcoin Well

Let me tell you about Bitcoin Well, a platform that's quite similar to Bull Bitcoin. Both focus exclusively on BTC trading and share many features, but there are some interesting differences.

Why do I rank Bull Bitcoin slightly higher? They were pioneers in bill payments with Bitcoin, offering this feature long before Bitcoin Well caught up. Also, Bull Bitcoin currently offers gift card purchases - a feature Bitcoin Well is planning to add soon.

But Bitcoin Well has its own strengths. I've found their user interface much more intuitive and user-friendly. What really impresses me is their 1.2% spread - the lowest among regulated Canadian crypto services.

Their fee structure is straightforward. You're looking at a 1.2% spread for verified accounts, regardless of how quickly you want your transaction processed. I tested this with a $100 transaction and received 0.00249634 BTC (worth $99.59), which aligns with the 1.2% spread they advertise.

For those not in a rush, opting for a 24-hour processing window essentially eliminates the transaction fee. On the flip side, for those in need of expedited transactions, a higher fee option is available. This system empowers users to tailor their buying experience and align transaction costs with their urgency.

Users can add Canadian dollars to their accounts using an Interac e-Transfer, wire transfer, Visa debit, or even through Bitcoin ATMs. They only deal in Canadian dollars, which I find makes things simpler for Canadian users. I reviewed it all in my video review:

Unlike many other exchanges, Bitcoin Well does not offer a mobile crypto app for iOS or Android, which might be a consideration for users who prefer trading on the go. However, the exchange compensates for this with robust customer support options, including phone, email, and an online ticketing system, ensuring that users can get assistance whenever they need it.

What sets them apart is their bill payment feature - you can use Bitcoin to pay regular bills right through their platform. They've also introduced a Recurring Buy feature, which I think is great for dollar-cost averaging.

Bitcoin Well has also introduced a new Recurring Buy feature, automating bitcoin purchases at regular intervals. This addition, along with the platform’s growth into serving both Canada and the USA, showcases its evolving services.

Security is a top priority for Bitcoin Well. Being a public company, it adheres strictly to Canadian regulations and is registered with FINTRAC. This registration not only ensures the legality and transparency of the exchange but also instills confidence among users. Furthermore, users maintain full custody of their bitcoin, providing an additional layer of security and peace of mind.

Read more in our Bitcoin Well review.

Pros: 

• Bitcoin Well, being a public company, offers unmatched transparency combined with the advantage of immediate self-custody of assets, and the option to buy bitcoin privately with cash.
• Users experience the convenience of no withdrawal fees, multiple online payment options like Visa debit, e-Transfer, and wire, and the unique capability to pay bills with Bitcoin.

Cons: 

• You can trade Bitcoin only

Shakepay

Shakepay is a Montreal-based trustworthy exchange that offers free and fast deposits and withdrawals and is considered one of the best Canadian crypto exchanges for beginners. You can deposit Canadian dollars (CAD) via Interac e-Transfer or wire transfer. Verification can be instant meaning you can start depositing and trading right away. Shakepay is fast, beginner-friendly, and has a modern interface.

We say "bitcoin exchange" on purpose, because Shakepay offers two coins only: Bitcoin and Ethereum. This narrow range might be a drawback for traders looking to diversify their cryptocurrency portfolio. Be aware, there are many hidden fees involved that we considered in our Shakepay review.

Shakepay stands out for its free deposits and withdrawals, a feature that can be particularly attractive for users. However, it's important to note that the exchange has a relatively high spread, ranging from 1.2% to 2.5%. This spread, which is the difference between the buying and selling prices, can significantly impact the cost of transactions, making trading fees on the higher side.

When we transferred $100 to our Shakepay account using Interac, we received the full amount as there were no deposit fees. However, after buying Bitcoin, we got 0.0032 BTC, valued at $98.33, losing $1.67 (1.67%) due to the spread. Later, selling the Bitcoin gave us $97.68, with a further loss of $0.65 (0.66%) again because of the spread.

It offers a unique referral program where, if you refer a friend who signs up using your referral link, you can shake your phone every day to receive small amounts of Bitcoin. The more people you refer, the more Bitcoin you earn. The only downside is remembering to shake your phone every day to receive your rewards. Similar to Netcoins, they also offer a crypto visa card, which you can use Canada-wide and receive cashback in Bitcoin.

Security-wise, Shakepay takes robust measures to protect its users' assets and data. The exchange is registered with FINTRAC, aligning with regulatory compliance and adding a layer of credibility. 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.

Shakepay has recently emphasized that they store digital currencies in secure offline storage (cold storage) backed by insurance, ensuring enhanced security for users' assets. This adds an extra layer of protection to their platform, which is particularly important for risk-conscious investors.

Shakepay does not offer advanced trading tools because it is aimed at new crypto users and those looking for a simple, easy-to-use experience. It has the best crypto app in Canada based on a well-rated iOS and Android app as well as Shakepay's customer support team that responds quickly. Currently, Shakepay only allows purchases of Bitcoin and Ethereum, but we still think it is one of the best exchanges to buy Bitcoin in Canada.

Pros

• Fast and free deposits and withdrawals
• Unique referral program
• Responsive customer support
• A highly-rated app
• Beginner-friendly interface

Cons

• Only accepts CAD deposits
• Manual verification can take seven days 
• Only Bitcoin and Ethereum are available
• High spread

You can also check our detailed video review on Shakepay crypto exchange:

Wealthsimple Crypto

Wealthsimple Crypto is one of the most reputable and regulated crypto platforms in Canada. It offers popular digital currencies such as Bitcoin, Ethereum, Solana, and over 140 other cryptocurrencies, with the list continuing to expand.

The platform features a clean, modern, app-based interface that appeals strongly to new crypto investors. It’s easy to navigate, supports instant trading (including on weekends/holidays), and integrates seamlessly with other Wealthsimple accounts for a unified experience.

Wealthsimple Crypto constantly improves, with features like recurring investments (automated purchases on daily/weekly/bi-weekly/monthly schedules), crypto-to-crypto swaps to reduce fees, and built-in staking for eligible coins (earn rewards, with platform fees applied).

Fee structure: There are no deposit or withdrawal fees from Wealthsimple itself (network/gas fees apply for crypto transfers and vary by blockchain). Trading fees are tiered and volume-based:

• Core clients: Starts around 2% (reduces with volume).
• Premium ($100k+ assets): Lower, around 1%.
• Generation ($500k+): As low as 0.5%.

Fees are higher than many dedicated exchanges but include custodial and platform services. No commissions on CAD trades, though USD involves FX fees. Many users find the overall cost reasonable for simplicity and security, especially for smaller or infrequent trades.

Example: On a typical trade, expect a spread-inclusive fee in the 1.5–2% range for Core users, with better rates for higher tiers or volume. Always check current pricing in the app.

Wealthsimple supports convenient CAD funding methods like Interac e-Transfer, linked bank transfers, and more. Crypto deposits and withdrawals are available for many supported coins on select networks.

Ease of use and its focus on popular cryptocurrencies, combined with strong regulation as Canada’s first federally regulated crypto platform, make it a top choice for beginner traders. Instant account verification and no minimum deposits help you get started quickly.

Customer support is available via in-app chat (often 24/7 elements) and other channels. Security is a major focus: assets are primarily held in offline cold storage with third-party custodians (e.g., partnerships with reputable providers like Gemini), insurance coverage, SOC 2 compliance, and strong encryption/2FA.

Wealthsimple provides tax documents including crypto transaction reports and T5 slips where applicable, simplifying reporting.

Pros:

• Beginner-friendly app with sleek interface
• Wide selection (140+ coins) with ongoing additions
• No deposit/withdrawal fees (network fees only)
• Recurring buys, swaps, and staking options
• Strong regulation, security, and tax reporting support
• Seamless integration with stocks/ETFs

Cons:

• Higher trading fees/spreads compared to low-fee exchanges (especially for Core tier)
• Limited advanced trading tools (no margin, complex charting)
• Not all coins support full deposit/withdrawal
• Customer support is primarily chat-based (no phone for all queries)

Wealthsimple Crypto prioritizes simplicity, security, and accessibility for Canadian investors over the lowest fees or pro-level features. It’s ideal for long-term holders and beginners rather than high-frequency traders.

(For the most current details, always verify directly in the Wealthsimple app or their help centre, as features and fees can evolve.)