Looking to buy Algorand (ALGO) in Canada? I’ve got you covered. I’ve been trading crypto in Canada since 2016, testing over 50 exchanges to find the best ways for Canadians to grab ALGO. With my popular YouTube channel, OCryptoCanada, and thousands of subscribers riding along, I’ve zeroed in on which platforms work best for us. Whether you’re a beginner or a seasoned trader, this guide will help you make a smart, informed call.
Disclaimer: This article contains affiliate links. They help support OCryptoCanada, allowing us to keep delivering independent, honest content for you. Rest easy—these links don’t shift our rankings. Nearly every exchange has a referral program anyway, so it’s just how crypto works!Why Buy Algorand (ALGO)?
Where to Buy Algorand (ALGO) in Canada in 2025
If you’re in Canada and looking to buy Algorand (ALGO) in 2025, I’ve got some top platforms to share. Here’s my go-to choice for trading Algorand (ALGO) with confidence and security.
1. Bitbuy (Safest Canadian Option, Higher Fees)
Bitbuy is my go-to for Algorand (ALGO) trading due to its top-tier security, standing out as the safest Canadian exchange at the moment as per my test, though it’s also among the most expensive.
Sign up with Bitbuy by providing a valid government-issued ID, a selfie holding that ID, and proof of address. This is required for Canadian KYC compliance to prevent fraud, money laundering, and terrorism financing, ensuring a secure trading environment for all users. Deposit funds using Interac e-Transfer or wire transfer, which is convenient for Canadians, or use cryptocurrency deposits. Navigate to QuickTrade or Pro Trade, select the Algorand (ALGO) pair, and execute your order.
Bitbuy is safest because it’s registered with FINTRAC, CIRO, and OSC for regulatory compliance. On top of that, 90% cold storage, 2FA, and regular audits for security. Assets insured with 90% cold storage and cash up to $1M per account. As for fees, Bitbuy is on the higher side; they charge a 0.50% flat fee for Algorand (ALGO) unless you switch to Pro Trade where they charge 0.10% maker, 0.20% taker. Deposits are free, withdrawals vary by method (1.5% for Interac e-Transfer as the most popular one). Bitbuy offers over 50+ cryptocurrencies for trading at the moment, including Algorand (ALGO). For Canadian traders specifically, Bitbuy’s robust compliance and security make it a trusted and legal option for Algorand (ALGO).
If you’d be so kind as to use my referral link, you’ll get a $50 bonus that helps support my blog.
2. NDAX (Balanced Option with Low Fees and Security)
NDAX is my pick for Algorand (ALGO) trading if you’re after a balanced exchange with low fees, good coin selection, strong security, and full regulatory compliance—refer my video review.
Sign up with NDAX by providing a government-issued ID, a selfie with your ID, and proof of address. This is for KYC compliance to ensure security, prevent fraud, and comply with anti-money laundering regulations. Deposit funds using Interac e-Transfer for CAD, wire transfer, or direct crypto deposits—super convenient for Canadians. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
NDAX is considered the safest in Canada because it’s registered as an MSB with FINTRAC and AMF, has 95% cold storage for crypto, uses multi-signature wallets, and has strict security measures like 2FA. They also hold SOC2 Type II certification for security. For fees, NDAX offers competitive rates with a flat 0.2% trading fee for both buying and selling Algorand (ALGO). Deposits are free, but withdrawals have a fee, like $1.50 for e-Transfers and $4.99 for EFTs. NDAX currently supports trading for over 35 cryptocurrencies, including Algorand (ALGO). For Canadian traders, NDAX’s low fees and top-notch security make it a reliable and legal option for Algorand (ALGO).
If you’d be so kind as to use my referral link, you’ll get a $10 bonus that helps support my blog.
3. Coinbase (Most Reputable, Beginner-Friendly Option)
Coinbase is my top choice for Algorand (ALGO) trading if you’re a beginner, thanks to its easy interface and learning incentives—refer my video review. It’s the most reputable exchange out there, perfect for getting started with crypto.
Sign up with Coinbase Canada by providing your name, email, phone number, and government-issued ID for identity verification. This is to comply with KYC and AML regulations, ensuring a secure and compliant platform. Deposit funds using Interac e-Transfer, wire transfers, or direct crypto deposits—simple options for Canadians. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
Coinbase Canada is one of the safest due to its registration as a Restricted Dealer with the Canadian Securities Administrators (CSA), 98% cold storage for digital assets, 2FA, and insurance through the Coinbase Custody Trust Company for USD balances up to $250,000. Coinbase Canada fees include a spread of about 0.50% on Algorand (ALGO) transactions, with additional fees for certain payment methods like 3.99% for credit/debit card purchases. Withdrawal fees vary but include a network fee for crypto. Over 200 cryptocurrencies are available for trading on Coinbase Canada, including Algorand (ALGO). For Canadian traders, its user-friendly design and strong compliance make it a secure and legal option for Algorand (ALGO).
If you’d be so kind as to use my referral link, it helps support my blog.
4. Bitget (Best for Daily Trading with Low Fees)
Bitget is my go-to for Algorand (ALGO) trading due to its low fees and robust platform. It’s a global powerhouse and one of the biggest crypto exchanges, ideal for daily trading with 800+ coins. Not available in Alberta & Ontario—refer my video review.
Sign up with Bitget by providing personal details like your name, date of birth, nationality, and identity document number, along with a photo of your ID and a selfie for KYC verification, ensuring compliance with AML and CTF regulations. Most Canadians use their P2P marketplace or deposit crypto—here’s the step-by-step: Sign up with a crypto-regulated exchange in Canada; I’ll use Coinbase in this example because of free deposits and fast speed. Deposit CAD via Interac e-Transfer (or bank transfer, but it will be longer). A few minutes later, if funds are received, buy USDC with them (stablecoin attached to USD). Send the USDC to your Bitget wallet (I explained in detail in my video, time code 7:27). Trade received USDC on Bitget to USDT, and now you have access to over 800 crypto pairs on Bitget, including Algorand (ALGO)! Navigate to “Spot Trading,” select the Algorand (ALGO)/USDT pair, and execute your order.
Bitget is considered safe globally with regulatory licenses in the US, Canada (except Ontario), and Australia, alongside high-security measures like $300M in cold storage, 2FA, and monthly Proof of Reserves audits. Bitget’s fees include a 0.1% spot trading fee for Algorand (ALGO), which can be reduced to 0.08% with BGB token payment. Futures trading fees are 0.02% for makers and 0.06% for takers. Deposits are free, withdrawal fees vary by cryptocurrency. Bitget supports trading for over 800 cryptocurrencies, including Algorand (ALGO). Deposit methods include bank transfers, credit/debit cards (through third-party providers), and various crypto deposits. For Canadian traders, it’s a secure option with a user-friendly mobile app that makes Algorand (ALGO) trading accessible on the go.
If you’d be so kind as to use my referral link, you’ll get a 50 USDT bonus when depositing over 500 USDT that helps support my blog.
5. Bitunix (Best for Privacy and Anonymity)
Bitunix is best for Canadians who value privacy and anonymity, low fees, and access to 200+ crypto pairs. No KYC with up to 500,000 USDT/day limits—all you need is just your email and password, no ID verification required. Refer to my video review.
Bitunix is considered safe with its US MSB License, Canada MSB License, and Philippines VASP License, 2FA, cold storage, regular security audits, and a reserve fund exceeding user holdings. Bitunix’s fee structure includes 0.10% for spot market takers for Algorand (ALGO), decreasing with volume, and for futures, 0.06% for takers and 0.02% for makers. Deposits are free, but withdrawal fees vary by cryptocurrency. Bitunix supports over 190+ trading pairs for spot and futures trading, including Algorand (ALGO). Deposit methods include crypto transfers; there are no direct fiat deposit options—you can deposit via Coinbase.
To sign up with Bitunix, you don’t need KYC for basic trading, enhancing privacy. However, for higher withdrawal limits or advanced features, you might need to provide ID for verification. This approach balances privacy with security measures. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get bonuses from Bitunix and that helps support my blog.
6. MEXC (Cheapest Fees with the Most Coins)
MEXC is the cheapest exchange (0.02% fees) with the most coins (2,000+). No KYC with high limits. Not available in Canada, but accessible via VPN at your own risk.
MEXC is considered safe with its licenses from Estonia and the US, alongside robust security like 98% cold storage, 2FA, withdrawal whitelisting, and a Proof of Reserve system ensuring assets are over 100% backed. MEXC is not registered under Canadian securities laws, so they technically do not provide services for Canadians with certain limitations on features due to regulatory compliance. Many use VPN and still use MEXC due to its extreme low fees and NO KYC option—I am using PureVPN. MEXC charges 0% for spot makers and 0.1% for takers on Algorand (ALGO), with futures at 0% for makers and 0.01% for takers. There are no deposit fees for crypto, but withdrawal fees vary by cryptocurrency. MEXC supports trading for over 2,900 cryptocurrencies, including Algorand (ALGO). Deposit methods include crypto transfers; no direct fiat deposit options are available, but third-party services like Banxa or MoonPay can facilitate fiat purchases—you can also deposit via Coinbase.
To sign up with MEXC, you don’t need KYC for basic trading, which prioritizes user privacy. However, KYC is required for higher withdrawal limits or some trading features, ensuring compliance and security. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a $20 bonus that helps support my blog.
7. Uphold (Unique Crypto and Metals Trading Platform)
Uphold is a unique platform allowing users to trade both crypto and metals with a self-custody wallet.
Uphold is considered safe with its Money Transmitter Licenses across several US states, an MSB license in Canada, and compliance with European regulations like MiFID II. It offers 2FA, cold storage for crypto, and regular security audits. It is legal in Canada under the MSB registration. Uphold’s fee structure includes a spread on Algorand (ALGO) transactions which can range from 0.5% to 1.5%, with specific fees for crypto, bank transfers, and card transactions. Withdrawal fees vary, including a fee for crypto withdrawals. Uphold supports over 120 cryptocurrencies for trading, including Algorand (ALGO). Deposit methods include bank transfers, credit/debit cards, and crypto deposits.
To sign up with Uphold, you need to provide personal information including your name, date of birth, address, and a government-issued ID for KYC verification, ensuring compliance with AML regulations and user security. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
8. Newton (Low Fees with Network Fee Coverage)
Newton is a regulated Canadian exchange with low fees that covers network fees when swapping crypto—refer my video review.
Newton is considered safe with its registration as a Restricted Dealer with the Canadian Securities Administrators (CSA), FINTRAC MSB registration, and 95% cold storage for crypto assets. It also implements 2FA, daily off-site backups, and is legally compliant for operations in Canada. Newton does not charge trading fees directly; instead, it earns from the spread between buy and sell prices for Algorand (ALGO), which is typically 0.5% to 1%. Deposits and withdrawals are free for most methods, but network fees apply for crypto withdrawals. Newton supports trading for over 70 cryptocurrencies, including Algorand (ALGO). Deposit methods include Interac e-Transfer and direct crypto deposits.
To sign up with Newton, you need to provide your identity through KYC, including a government-issued ID and proof of address, ensuring compliance with Canadian regulatory standards for preventing fraud and money laundering. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a $25 bonus that helps support my blog.
9. Kraken (Low Fees with a Strong Canadian Presence)
Kraken is a global exchange with 200+ crypto assets available in the Canadian market and considerably low fees.
Kraken Canada is considered safe with its FINTRAC MSB registration, 95% cold storage for crypto assets, 2FA, and independent security audits. It’s legally compliant to operate in Canada, having filed a pre-registration undertaking with the OSC to become a Restricted Dealer. Kraken Canada charges a 0.16% maker fee and 0.26% taker fee on the Pro platform for Algorand (ALGO) volumes up to $50,000 in 30 days, with fees decreasing as volume increases. Deposits via Interac e-Transfer have a 0.5% fee, and withdrawal fees vary by method. Kraken Canada supports trading for over 200 cryptocurrencies, including Algorand (ALGO). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits.
To sign up with Kraken Canada, you need to provide KYC information like your name, address, and a government-issued ID, ensuring compliance with AML regulations and enhancing user account security. Navigate to the Pro platform, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
10. KuCoin (Advanced Trading with Low Fees)
KuCoin is one of the largest global exchanges by volume. Technically not allowed in Canada, but still used by many for advanced trading and low fees. Not available in Alberta & Ontario.
KuCoin’s safety is based on features like proof of reserves, 98% cold storage, 2FA, and a fund for asset security. However, in Canada, KuCoin is not compliant with current securities laws, resulting in a ban in Ontario and unavailability in other provinces for new KYC. It’s not legally operating in Canada as a regulated exchange, but some users still manage to use it with VPNs or existing accounts (refer to PureVPN). KuCoin charges a 0.1% spot trading fee for both makers and takers on Algorand (ALGO), with potential reductions for holding KCS tokens. Futures trading fees are 0.02% for makers and 0.06% for takers. Crypto deposits are free, but withdrawal fees vary by cryptocurrency. KuCoin supports trading for over 700 cryptocurrencies, including Algorand (ALGO). Deposit methods include various cryptocurrencies; there are no direct fiat deposit options available in Canada.
To sign up with KuCoin, you typically don’t need KYC for basic trading, but for higher withdrawal limits or certain features, you might need to provide ID. However, due to regulatory issues, new Canadian user verification is not supported for KYC compliance in Canada. Navigate to the trading section, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link , it helps support my blog.
11. Coinsquare (Top Security and UX Post-WonderFi Merger)
Coinsquare has improved significantly after merging with WonderFi. Higher fees but offers top-tier security and UX as a regulated custodial exchange.
Coinsquare is considered among the safest in Canada due to its CIRO (Canadian Investment Regulatory Organization) regulation, FINTRAC MSB registration, and being the first crypto platform to be a CIRO investment dealer. It employs cold storage for assets (97.5% of digital assets), 2FA, and has insurance for customer cash up to $1 million per account through CIPF. It is fully legal in Canada. Coinsquare’s fee structure includes a 0.5% spread for QuickTrade Algorand (ALGO) trades, while Pro Trade has a maker/taker model (0.2% for makers and 0.4% for takers). Deposits via Interac e-Transfer are free, but withdrawal fees apply, such as 1.5% for e-Transfer withdrawals. Coinsquare supports trading for over 50 cryptocurrencies, including Algorand (ALGO). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits.
To sign up with Coinsquare, you need to provide personal information including your name, address, a government-issued ID, and proof of address for KYC compliance, ensuring the platform meets regulatory standards and enhances user security. Navigate to QuickTrade or Pro Trade, select the Algorand (ALGO) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a $50 bonus that helps support my blog.
12. Netcoins (Higher Fees, Decent Option)
Netcoins has fees on the higher end (0.5%). An okay platform, but better options exist for buying crypto—refer my video review.
Netcoins is considered safe with its registration as a Money Services Business (MSB) with FINTRAC, securities registration in every Canadian province and territory, and being a subsidiary of BIGG Digital Assets, a publicly traded company. It employs 80% cold storage with BitGo, uses 2FA, and regularly publishes proof of reserves. Netcoins is fully legal in Canada. Netcoins charges a 0.5% trading fee for express Algorand (ALGO) trades, with no fee for deposits. Withdrawal fees include 1.5% for Interac e-Transfer, and crypto withdrawals have a small network fee. Netcoins supports trading for over 45 cryptocurrencies, including Algorand (ALGO). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits.
To sign up with Netcoins, you need to provide personal details like your name, address, date of birth, and a government-issued ID for KYC verification, ensuring compliance with Canadian regulatory requirements for security and anti-money laundering. Navigate to the express trade section, select the Algorand (ALGO) pair, and execute your order.
You can sign up using this link, but IMO there are better exchanges to buy this coin for Canadians.
How to Keep Your ALGO Safe
For short-term trading, keeping ALGO on NDAX or Coinbase is fine—they’ve got good security. Bitbuy and Coinsquare won’t let you hold it (trade-only), so plan accordingly. For long-term (think snowy nights ahead!), transfer it to a secure crypto wallet from exchanges like Newton or Kraken. I’ve covered the best wallets for Canadians in another guide—check it out for my top picks. Quick tip: a hardware wallet like Ledger or the official Algorand Wallet keeps your ALGO safe. Stash that seed phrase somewhere secure (not your coat pocket!).
How to Sell ALGO in Canada
Ready to cash out? Selling ALGO is a snap:
- Move your ALGO back to your exchange wallet (if it’s not Bitbuy or Coinsquare—trade to BTC/ETH there first).
- On NDAX or Newton, hit “Sell” and convert to CAD. Bitget or Coinbase? Swap ALGO to BTC/ETH, then CAD elsewhere.
- Withdraw via e-Transfer or wire. For the slickest cash-out tips, watch my video for fees and timing hacks!
Frequently Asked Questions (FAQs)
Can I buy ALGO in Canada?
Yes! Bitbuy, NDAX, Coinbase, Newton, and more—12 exchanges—list ALGO. Only Wealthsimple Crypto skips it.
Which exchange is best for buying ALGO in Canada?
NDAX or Newton for CAD simplicity. Bitget’s low-fee, Coinbase is easy—Bitbuy’s trade-only, though.
Is buying ALGO a good investment?
ALGO’s fast and green with staking perks, but crypto’s volatile—only risk what you can lose.
Disclaimer: This article contains affiliate links. They help support OCryptoCanada, allowing us to keep delivering independent, honest content for you. Rest easy—these links don’t shift our rankings. Nearly every exchange has a referral program anyway, so it’s just how crypto works!
I hope this guide makes grabbing ALGO in Canada a breeze. Crypto’s a wild ride—do your homework and stay sharp.
Happy trading!
