Crypto.com and BitMEX are both reputable platforms in the world of cryptocurrency trading, yet each offers unique strengths. Crypto.com provides a comprehensive array of features including staking, Visa card rewards, and 400+ coins, while BitMEX specializes in advanced derivatives like margin trading and perpetual contracts. For Canadians, though, the comparison is largely one-sided: BitMEX has listed all of Canada as a restricted jurisdiction since late 2023 and shows no sign of returning.
Crypto.com Vs BitMEX: Which Is Better For Canadians?
Crypto.com wins by default for Canadians. BitMEX shut down its exchange on September 23, 2026, so no one, including Canadians, can trade there any more and only withdrawals remain. Since BitMEX no longer operates for Canadians, I recommend Coinbase (9.8/10, #1 on my list): open a Coinbase account.
How Do Crypto.com And BitMEX Compare, Fact By Fact?
Every row below comes from each company’s own pages and the Canadian registries, checked October 2026. Where a row has no fair winner, it says so.
Crypto.com Vs BitMEX: Master Spec Table
Crypto.com
BitMEX
Winner
Company
Foris DAX CAN ULC, an Alberta unlimited liability corporation (Crypto.com Canada). Global brand says trusted since 2016. HQ city, founders, funding, staff: Not published for the Canadian entity.
Operator: HDR Global Trading Limited (Seychelles). Founded, founders, funding: Not published. Ceased all exchange operations 2026-09-23.
Depends
Regulation
CSA restricted dealer (CSA decision May 8, 2025). FINTRAC MSB C100000094, expiry 2027-06-30. Not a CIRO member. AMF: Not verified. CIPF: none for crypto.
Not registered in Canada. No FINTRAC, CSA or CIRO entry found as of 2026-10-02.
Crypto.com
Assets
417 spot base assets on the global Exchange; the Canadian app list is narrower and not published. USDT not available to Canadians.
Perpetual and futures contracts only; no spot. Not available to Canadians.
Crypto.com
Price
Canadian app fee schedule Not published. Canada marketing: maker/taker from 0.08%/0.18%. App buys include a spread. Global Exchange L1 0.25%/0.50%.
Tiered maker/taker fees on derivatives, rates Not published. Closed.
Crypto.com
CAD In
Interac e-Transfer, free from Crypto.com (CAD 20 to 25,000 per deposit). Other CAD methods Not verified.
No longer available to Canadians
Crypto.com
CAD Out
Sell to the CAD Account, then Interac Standard Transfer back. Needs one prior CAD deposit; internal review up to 1-3 business days. Fee Not verified.
No longer available to Canadians
Crypto.com
Crypto In And Out
On-chain deposits and withdrawals supported; networks, minimums and fees Not verified for Canada.
Crypto-only funding; website withdrawals stay open, API withdrawals ended 2026-09-28, monthly fee on balances, per CoinDesk.
Crypto.com
Custody
Custodial. Cold storage share, insurance and proof of reserves Not verified on a Canadian page.
All BTC in cold storage with multi-signature wallets, per BitMEX's old claims. Operator wound down trading; withdrawals only.
Crypto.com
Verification (KYC)
Government ID and identity verification required before CAD deposits; selfie, address, SIN and clearing time Not verified.
No longer available to Canadians
Depends
Account Types
Personal account confirmed; a business offering exists globally. Joint, TFSA and RRSP Not verified.
No longer available to Canadians
Crypto.com
Provinces
Serves Canada via the restricted dealer decision; per-province list and French support Not verified.
No longer available to Canadians
Crypto.com
Extra Products
Visa prepaid card, staking, Earn, tokenized stocks, prediction markets and perpetuals are advertised globally; Canadian availability Not verified.
No longer available to Canadians
Crypto.com
Tax Tools
Not verified for Canada.
No longer available to Canadians
Crypto.com
App
iOS Canada 4.63 (66,198 ratings); Google Play 4.4 (692K reviews, global total). Web app yes.
Apps closed with the exchange.
Crypto.com
Support
In-app chat and help centre. Phone, hours and French support Not verified.
What Are The Key Differences Between Crypto.com And BitMEX?
Crypto.com Vs BitMEX: Side By Side
Crypto.com
BitMEX
Description
Crypto.com is one of the world's largest crypto platforms and one of the few global exchanges registered to operate in Canada, through Foris DAX CAN ULC as a restricted dealer. It offers its own coin (CRO), staking, a Visa prepaid crypto card with cashback, and an all-in-one app.
BitMEX was a veteran crypto derivatives exchange offering futures and perpetual contracts with up to 100x leverage. You could not deposit fiat, only crypto, and it was aimed at experienced traders. Canada was a restricted jurisdiction in BitMEX's terms before closing, and the exchange ceased all operations on 2026-09-23.
Coins
400+ on its global exchange, though the list for Canadians is smaller because registered platforms must restrict certain assets. USDT has not been available to Canadians since 2023-01-31. The exact Canadian app list is not published.
Perpetual and futures contracts on major cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, Dogecoin, Cardano and Avalanche. None were accessible from Canada.
Fees
The Canadian app fee schedule is not published. Canada marketing says maker and taker fees from 0.08% and 0.18%; the global Exchange starts at 0.25% maker and 0.50% taker (Level 1). App purchases carry a spread. CAD deposits by Interac e-Transfer are free.
Free crypto deposits and free BTC withdrawals (network fees could apply on other assets). Low, tiered maker/taker fees on derivatives. Balances now face a monthly fee, per CoinDesk.
Pros
One of only two major global exchanges registered as a restricted dealer in Canada
Wide range of coins
Suitable for beginners and pro traders
Interac e-Transfer with free deposits
Staking available (assets and rates not verified)
Deep derivatives liquidity and one of the longest track records in crypto futures
Low, tiered maker/taker fees
Advanced order types
Handy leverage slider for adjusting risk per trade
Cons
Only CAD is accepted for the Canadian CAD Account, no credit or debit card for CAD funding verified
Coin selection in Canada is smaller than the global exchange
App pricing includes a spread on top of quoted fees
USDT delisted for Canadians, and no margin or leverage under restricted dealer conditions
Some altcoins carry annual purchase limits outside BC, AB, MB and QC (see Account Limits)
Customer service is a common complaint, chat-based and often slow (Oleg's original note, not re-tested)
Closed on 2026-09-23
Canada was a restricted jurisdiction before closure
Not suitable for simply buying crypto, no fiat deposits
Only suitable for traders who understood contract trading
Checkered regulatory history in the US
Security
Crypto.com describes cold storage and security certifications, but a Canadian page with cold storage share, insurance amount or proof of reserves was not found. Treat those claims as unverified. Crypto.com's own FAQ says nothing about CIPF covering crypto, and CIPF never covers crypto.
All BTC held in cold storage, multi-signature wallets, withdrawals audited by hand by BitMEX employees, 2FA. Never hacked in over a decade of operation, per our old row.
Methods To Buy
Interac e-Transfer (CAD Account), crypto deposits. Cards and other methods were not verified for Canada.
Canadians could not use BitMEX. Funding was crypto only (BTC, USDT and other supported assets), with no fiat rails.
App
Apple Canada 4.63 (66,198 ratings), Google Play 4.4 (692K reviews, global store total), checked 2026-10-01.
BitMEX had iOS and Android apps, inaccessible to Canadians and now closed.
Account Limits
CAD Account deposits CAD 20 to 25,000 each, balance cap CAD 100,000. As a restricted dealer, Crypto.com applies regulator-set net purchase limits on non-major assets;
Not applicable. Full KYC was required before trading elsewhere.
How Do You Fund And Cash Out Crypto.com And BitMEX In Canada?
Crypto.com: CAD Deposits
Method
Fee
Minimum
Maximum
Speed
Interac e-Transfer (Standard Transfer or Request Money)
Free by Standard Transfer (bank may charge); Request Money was reported at 1% capped at CAD 10, not
CAD 20
CAD 25,000 per deposit
Not published on the help page
Crypto.com: CAD Withdrawals
Method
Fee
Minimum
Maximum
Speed
Interac Standard Transfer
Not published
Not published
Not published
Internal review up to 1-3 business days, then usually instant, up to 30 minutes
BitMEX: CAD Withdrawals (When It Operated)
Method
Fee
Minimum
Maximum
Speed
Crypto withdrawal via website
Not published
Not published
Not published
Not published
Bank-side Interac limits also apply. Per-method fees for withdrawals and card or wire funding were not retrievable. BitMEX never accepted fiat.
What Does It Actually Cost To Buy On Crypto.com?
Worked Cost, Buy Only And Buy Plus Sell (Round Trip)
Amount
Crypto.com Buy
Crypto.com Round Trip
CAD 100
Not published
Not published
CAD 500
Not published
Not published
CAD 1,000
Not published
Not published
CAD 10,000
Not published
Not published
Crypto.com: Canadian app fee schedule and spread not published on a fetched page (2026-10-03). Do not compute an all-in cost. Neither publishes a maker and taker schedule because there is no order book: the spread is the fee. If cost matters most, NDAX (flat 0.20%) or Kraken Pro are cheaper places to buy in Canada. Ranges reflect each platform’s published band, not a single quote. Bank and network fees are not included.
What Do Crypto.com And BitMEX Offer Beyond Buying And Selling?
Crypto.com Only
CAD Account: Hold CAD, deposit by Interac, balance cap CAD 100,000 (higher for Prime). Sell crypto to CAD and withdraw to your bank.
Welcome Bonus: Canada keeps the legacy milestone-based Welcome Bonus after KYC; the amount was not verified.
BitMEX Only
Futures and perpetual contracts (closed): Up to 100x leverage on crypto derivatives. Trading ceased 2026-09-23.
What Happens To Your Money If Crypto.com Or BitMEX Fails?
Crypto.com:Crypto.com in Canada is a restricted dealer under the CSA, so it must hold client assets with conditions set by regulators, but CIPF never covers crypto. A third-party insurance figure, cold storage share and proof of reserves were not found on a Canadian page, so none can be relied on here. Coins are held by the company until you withdraw. If the company failed or was hacked, you would be an unsecured claimant for anything not recovered, and withdrawals could be paused.
BitMEX: BitMEX says it closed by owner decision after a business review and that it is unrelated to legal or regulatory issues, per CoinDesk. If you still have a balance, withdraw through the website, since API withdrawals ended on 2026-09-28 and balances face a monthly fee. No Canadian regulator covers BitMEX, so there is no compensation scheme for crypto left behind.
How Are Crypto.com And BitMEX Treated For Tax In Canada?
Crypto.com: Buying with CAD is not a disposition. Selling for CAD, swapping one coin for another and spending crypto are dispositions you report to the CRA. Export formats and any CRA-ready report were not verified.
BitMEX: Derivative gains and losses on BitMEX were taxable for CRA purposes. Export your trade and wallet history now. Export formats: Not published.
Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.
Which Should You Choose, Crypto.com Or BitMEX?
Choose Crypto.com If
You want a mainstream app with a wide coin list and are fine with spread-based pricing
You are not buying on fee transparency alone, since the Canadian fee schedule is not published
Choose BitMEX If
You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.
What Happened To BitMEX?
BitMEX shut down its exchange on September 23, 2026, so no one, including Canadians, can trade there any more and only withdrawals remain.
BitMEX's own legal page says it ceased trading on September 23, 2026. The operator was HDR Global Trading Limited (Seychelles). According to CoinDesk, withdrawals through the website stay open, API withdrawals ended September 28, and balances face a monthly fee.
CoinDesk reports the owner decided to close after a business review, and BitMEX says it is unrelated to legal or regulatory issues. Canada was already a restricted jurisdiction in BitMEX's terms before it closed.
If you still have a balance, use the website withdrawal route, since API withdrawals have ended and balances face a monthly fee. Move the coins to a wallet you control or to a registered Canadian platform.
What Should BitMEX Users Use Instead?
The practical answer is Crypto.com, since it is available to Canadians today. Here is what I can verify about it.
Crypto.com: A broad app with a crypto card.
Crypto.com At A Glance
Item
Detail
Regulator
Restricted Dealer (Foris DAX CAN ULC, CSA decision May 8, 2025), FINTRAC MSB registration C100000094 valid to June 30, 2027. Not a CIRO member.
Trading Cost
Crypto.com's Canadian fee schedule could not be retrieved, so I cannot give you a clean number.
CAD Funding
Zero-fee deposits by bank transfer, card or crypto wallet; limits not retrievable
Kraken: Beginners who want to learn, then cheaper trading on Kraken Pro. It is a registered Canadian dealer with a wide coin choice, which is the sensible replacement here.
Kraken At A Glance
Item
Detail
Regulator
Restricted Dealer with the OSC and every provincial and territorial regulator (Payward Canada Inc., CSA decision April 1, 2025), FINTRAC MSB M19343731. Not a CIRO member.
Trading Cost
Kraken Pro starts at 0.40% maker and 0.80% taker for the first tier, dropping to 0.30% and 0.60% from USD 2,500 of 30-day volume and 0.22% and 0.38% from USD 10,000.
CAD Funding
Free Interac e-Transfer deposits
Coins
About 498 tickers (derived)
Best For
Beginners who want to learn, then cheaper trading on Kraken Pro
How Do Crypto.com And BitMEX Compare On Fees, Funding, And Coins?
Crypto.com Vs BitMEX, Verified Facts
Item
Crypto.com
BitMEX
Status
Restricted Dealer (Foris DAX CAN ULC
Closed; withdrawals only
Trading Fees
Not published for Canada; marketing says as low as 0.08% maker and 0.18% taker
None available
CAD Funding
Zero-fee deposits by bank transfer, card or crypto wallet; limits not retrievable
None available
Coins
417 on the global exchange; Canadian app narrower
None available
BitMEX, in the past tense: BitMEX was a derivatives exchange. It is closed, so there is no current fee, coin or product to compare.
Crypto.com's Canadian fee schedule could not be retrieved, so I cannot give you a clean number. Its Canadian marketing says maker and taker fees are as low as 0.08% and 0.18%. For reference, the global Crypto.com Exchange starts at 0.25% maker and 0.50% taker at Level 1, but that is not the Canadian app. Treat app prices as spread-based and check the order preview before you confirm.
Crypto.com says deposits by bank transfer, debit or credit card or an existing crypto wallet are instant and carry no deposit fee, though other fees and spread may apply. I could not retrieve per-method CAD limits or a CAD withdrawal fee, so those stay unknown rather than guessed.
Crypto.com's public exchange data lists 417 tradable spot base assets. That is the global Exchange venue, and the Canadian app list is narrower and not published, so use 417 as a ceiling and not as your menu.
Which Is Safer?
Crypto.com. Foris DAX CAN ULC holds a Restricted Dealer registration and FINTRAC registration. It is not a CIRO member. I could not verify any insurance or cold storage claim from an official Canadian page, so I do not repeat the large insurance and SOC figures that circulate in reviews.
BitMEX. With trading ended and withdrawals only, the question is no longer safety of trading but getting your balance out in time.
Crypto.com Pros And Cons
Pros
Restricted Dealer registration plus FINTRAC registration
Zero-fee deposits stated on the Canadian fee page
One app for trading, cards and rewards
Strong ratings on both app stores
Cons
Canadian trading fees are not published in a form I could verify
Not a CIRO member
Per-method CAD limits and withdrawal fees unknown
Insurance and custody claims not verifiable
Who Should Choose Crypto.com, And Who Should Choose BitMEX?
Choose Crypto.com if you are people who want a wide all-in-one app and accept that the fee picture is less transparent.
Nobody opening a new account in Canada should choose BitMEX. Status: closed; withdrawals only. Existing customers should follow the withdrawal guidance above.
What Changed For Crypto.com And BitMEX In October 2026?
Kraken republished its fee schedule page, which shows the Pro spot entry tier at 0.40% maker and 0.80% taker.
BitMEX ended API withdrawals, per CoinDesk. Website withdrawals remain open.
BitMEX ceased trading after 11 years, according to its legal page and CoinDesk.
The CSA published its Restricted Dealer decision for Foris DAX CAN ULC, the company behind Crypto.com in Canada.
Kraken's Canadian entity received its CSA Restricted Dealer decision and announced free Interac e-Transfer deposits.
Frequently Asked Questions
Is BitMEX Available In Canada?
BitMEX shut down its exchange on September 23, 2026, so no one, including Canadians, can trade there any more and only withdrawals remain.
What Should I Use Instead Of BitMEX?
Kraken is the closest fit I can verify. Beginners who want to learn, then cheaper trading on Kraken Pro.
Is Crypto.com Safe For Canadians?
Restricted Dealer (Foris DAX CAN ULC, CSA decision May 8, 2025), FINTRAC MSB registration C100000094 valid to June 30, 2027. Not a CIRO member.
How Much Does Crypto.com Cost?
Crypto.com's Canadian fee schedule could not be retrieved, so I cannot give you a clean number.
Can I Still Get My Money Out Of BitMEX?
If you still have a balance, use the website withdrawal route, since API withdrawals have ended and balances face a monthly fee. Move the coins to a wallet you control or to a registered Canadian platform.
Do Crypto.com And BitMEX Have Limit Orders?
Crypto.com: Not verified for the Canadian app; the global Exchange has an order book. BitMEX: Yes globally, closed.
Which Coins Can You Buy On Crypto.com And BitMEX?
Crypto.com: Several hundred globally; Canadian list not published BitMEX: Derivatives only, closed
Is The Spread The Fee On Crypto.com And BitMEX?
Crypto.com: App purchases carry a spread on top of any stated fee, so the quoted price is the real cost. BitMEX: No longer applicable.
Does CIPF Cover My Crypto On Crypto.com Or BitMEX?
Crypto.com: CIPF never covers crypto, and Crypto.com is not a CIRO member. BitMEX: CIPF never covers crypto, and this platform no longer serves Canadians.
Are Crypto.com And BitMEX Available In Every Province?
Crypto.com: Served under a CSA restricted dealer decision; province list not verified. BitMEX: No longer available in any province.
Do Interac Deposits Work On Weekends On Crypto.com And BitMEX?
Crypto.com: Not verified; Interac runs 24/7 but Crypto.com's internal review for withdrawals takes business days. BitMEX: No longer applicable.
What Is The Minimum Buy On Crypto.com And BitMEX?
Crypto.com: Deposit minimum CAD 20; minimum buy Not published. BitMEX: No longer applicable.
Can A Business Use Crypto.com Or BitMEX?
Crypto.com: A business offering exists globally; Canadian business onboarding Not verified. BitMEX: No longer applicable.
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.
