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Bitget vs. Binance: What Works Better For Canadians in 2024

Oleg Galeev

Last updated March 12, 2024

Bitget and Binance, two leading cryptocurrency exchanges, have carved their distinct spaces in the crypto world. While both have their strengths, differences such as regional compliance and targeted audience set them apart.

Binance has announced its exit from the Canadian market on 30 September 2023, citing regulatory uncertainties. As a result, we can't recommend Binance over Bitget.


Bitget is a cryptocurrency exchange for skilled users that offers thousand of altcoins for Canadians (and people all over the world) to trade.

Binance was founded in 2017 and is based in Malta. It averages $2 billion in daily volume and executes 1.4 million transactions per second. Canadians can purchase and trade hundreds of different coins with advanced order types. Binance stopped operating in Canada in July 2022.


Over 1000 major coins and altcoins

400+ including BTC, ETH, XRP, DOGE, USDT


Trading fees on Bitget are low at just 0.1%, but can be lower if you pay fees with their token BGB.

0.1% to 0.02% buy fee depending on VIP level


  • Low trading fees
  • Hundreds of altcoins
  • Advanced features
  • Simple KYC process
  • Good for Canadians looking to buy and trade altcoins
  • DEX/P2P trading
  • Advanced order types
  • Margin trading
  • Derivatives and futures trading
  • Stock token trading
  • 400+ coins
  • Low fees
  • Simple or advanced interface


  • No Interac e-Transfer
  • Confusing for beginners
  • No CAD deposits and withdrawals
  • No Interac e-Transfer
  • Not available in Ontario at the moment

Account Limits

No major limits


Methods to buy

  • Credit or debit card
  • P2P platform

Credit/debit, SWIFT bank transfer with USD


  • 2FA
  • Anti-phishing code
  • $300 million insurance for lost assets

2FA, coins held in cold storage with multi-signature wallets, KYC verification process

Mobile and Desktop Trading

Both Bitget and Binance offer robust platforms for crypto trading on desktops and mobile devices. Bitget’s mobile app sports a 4.5-star rating on the Apple App Store and a 4.5-star score on Google Play, indicating a generally positive reception among users. On the other hand, Binance's mobile apps also enjoy strong ratings, with 4.7 stars on the Apple App Store and 4.4 stars on Google Play. Both exchanges provide advanced charting tools and order book data on their desktop platforms, catering to intermediate and advanced traders.


The Bitget platform can be confusing for beginners since there is advanced charting and order book data. Bitget’s mobile app has a 4.4-star rating on the Apple App Store and a 4.6-star rating on Google Play

Trading crypto on Bitget from Canada

Bitget desktop view (trading screen)

Depositing money to Bitget

Bitget depositing screen

Bitget mobile app main screenshot

Bitget mobile app main screen

Bitget mobile app screenshot

Bitget mobile app (coins)

Binance Canada

Binance has a rating of 4.6 stars on the Apple App Store with 22,000 ratings. On Google Play, it has 4.5 stars with 271,000 ratings.

Binance’s app allows its users to switch between the Lite and Pro interfaces making it suitable for both beginners and experienced traders.

Binance’s app interface also closely resembles its desktop counterpart, though, at first glance, it does not seem as user-friendly and intuitive as Coinbase. Binance offers its users multiple ways to purchase crypto depending on the type of trade you want. On its desktop platform, you can select “Convert” for a quick debit or credit purchase, or “Classic” or “Advanced” for more trading types.

Binance desktop platform (Convert)

Binance Convert

Binance desktop platform for advanced users

Binance Advanced

Binance Lite App for beginner users view

Binance Lite App for beginner users

Binance Advanced mobile view for Canadians

Binance App for advanced users

Security Compliance

Bitget uses two-factor authentication for security and emails you about logins or withdrawals. They offer an anti-phishing code for genuine emails and have a $300 million insurance for lost assets, which you can claim if not at fault.

Binance offers world-class security meaning your coins are in relatively safe hands. It offers two-factor authentication, so you can prevent unauthorized access to your account.

Keep in mind, Binance has been hacked before. Back in 2019, hackers stole 7,000 Bitcoin along with customers’ 2FA codes and API tokens. The hackers used phishing and viruses to gain access to the exchange. However, because Binance holds most of its digital assets in cold storage, the hackers only got away with what was in the hot wallet – about 2% of Binance’s Bitcoin holdings at the time.

As long as you take precautions, and transfer your crypto off the exchange to an external cryptocurrency wallet, you should be safe.

Both exchanges prioritize user security. Bitget offers two-factor authentication, email notifications for account activity, and an anti-phishing code for email authenticity. They have an emergency insurance coverage of $300 million to safeguard against unexpected losses. Binance also provides two-factor authentication, withdrawal whitelist options, and has an emergency fund known as SAFU (Secure Asset Fund for Users). However, Binance has faced a security breach in the past where hackers stole a significant amount of Bitcoin, indicating potential vulnerabilities.

Regulatory Compliance

Not regulated by Canadian financial institutions. 

Binance has no restrictions for Canadians, except for Ontario residents. You can use it at full capacity whether it’s a simple buy order at market price or a more advanced order type. 

Post Binance's announcement of its exit from the Canadian market, many Canadians are migrating to alternatives like Bitget. Regarding regulatory compliance, exchanges operating in Canada must adhere to the regulations set forth by Canadian Securities Administrators (CSA) and are subject to federal laws. However, specific compliance details for Bitget and Binance in Canada might need more in-depth investigation, as crypto regulations can be complex and ever-evolving.

Customer support

Reviewers say customer support is unhelpful but most of them are beginners. Bitget is not a crypto exchange for beginners and if you do not know how copy trading or futures trading works, then it is not a good idea to use them, as this customer points out. 

Binance offers 24/7 support and a live chat option. In addition, Binance also has helpful FAQs and online ticketing service for their customers. Binance replied to our concern within a day.

Customer support experiences vary between the two platforms. Bitget has garnered a 2.2-star rating on Trustpilot, with some users criticizing their support. Binance offers 24/7 online support, but users often interact with bots before reaching human assistance, leading to mixed reviews.


Both Bitget and Binance come with their strengths, offering a range of features to cater to different trader needs. However, considering the recent regulatory changes, market shifts, and the overall user experience for Canadians, Bitget edges out as the winner. It's positioned itself as a reliable alternative for Canadians seeking a platform with low fees and a variety of cryptocurrencies.

We recommend choosing Bitget over Binance for your cryptocurrency trading needs. By opting for Bitget through our referral link, you support us in conducting comprehensive independent analyses of crypto trading options for Canadians.

If you find that neither Bitget nor Binance meets your requirements, we encourage you to explore our monthly-updated list of the best exchanges for Canadians to trade crypto. This list provides a range of alternative options that may better suit your specific needs and preferences.


Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.