As someone deeply entrenched in the crypto trading world since 2016, I’ve navigated the complexities of buying cryptocurrencies in Canada, especially when it comes to Binance Coin (BNB). With Binance ceasing its operations in Canada due to stringent regulatory requirements, purchasing BNB has become more challenging. The regulatory environment in Canada demanded that exchanges like Binance adhere to specific compliance standards, which they found untenable, leading to their withdrawal from the market.
Why Buy BNB Coin?
BNB is not just another cryptocurrency; it’s the backbone of the Binance platform, offering lower fees for transactions, staking opportunities, and participation in token sales on Binance Launchpad. Its utility extends beyond trading, making it a staple for both short-term traders and long-term holders. As of June 13th, one BNB costs $747.77 CAD
Disclaimer: Throughout this article, I use referral links which extremely help support my blog. If you decide to use them, it's greatly appreciated, but it's entirely up to you!
Where to Buy BNB in Canada?
1. Bitget
Bitget is my go-to for BNB trading due to its low fees and robust platform. Bitget stands out as the top choice for Canadians looking to buy BNB in 2025. The platform offers industry-leading spot trading fees of just 0.1%, with an additional 25% discount available when using BGB (Bitget Token).
- Sign up using my referral link for a 50 USDT bonus
- Deposit CAD through their P2P marketplace or credit card
- Navigate to “Spot Trading,” select the BNB/USDT pair, and execute your order
For Canadian traders specifically, Bitget provides 24/7 dedicated support in both English and French, along with a user-friendly mobile app that makes BNB trading accessible on the go. The platform’s deep liquidity pools for BNB/USDT and BNB/USD pairs ensure minimal slippage and competitive pricing. Regulatory compliance is another key strength, as Bitget follows all Canadian securities regulations and implements proper KYC/AML procedures, making it a secure and legal option for Canadian crypto enthusiasts.
For tax purposes, Bitget provides clear reporting tools that align with Canadian tax requirements, simplifying the often complex process of crypto tax reporting. I easily imported all my transaction to Koinly.
Check out my review on Bitget on my website or watch my YouTube video for a detailed walkthrough.
2. MEXC (VPN required)
MEXC doesn’t officially operate in Canada, but with a VPN, you can access its services. I use PureVPN and select Brazilian IP address. The platform offers highly competitive trading fees starting at 0.02% (cheaper than Bitget), with additional discounts available for MX token holders. What makes MEXC particularly attractive is its exceptional liquidity for BNB trading pairs and the availability of both spot and futures markets.
- Use a VPN to connect to a server in a country where MEXC operates
- Register and verify your account. My link offers various bonuses for new users.
- Fund your account and trade BNB through available pairs like BNB/USDT
Despite requiring a VPN, MEXC provides multiple secure payment options that work well for Canadians, including credit card purchases (I wouldn’t recommend it though) and P2P trading. The platform’s robust security infrastructure includes multi-signature cold wallets and real-time risk monitoring systems. MEXC’s trading interface is highly customizable, featuring advanced charting tools and multiple order types that cater to both beginners and experienced traders.
Note: When using MEXC with a VPN, it's essential to choose a reliable VPN service and understand that this approach may have legal implications depending on your jurisdiction. I use PureVPN.
3. Bitunix
Bitunix offers a unique advantage in the Canadian crypto market as one of the few exchanges legally registered to operate without mandatory KYC requirements for smaller transactions in Canada. The platform allows Canadians to buy BNB without identity verification, making it appealing for privacy-conscious traders. They offer competitive fees and a straightforward user interface. No KYC option available.
- Sign up using my referral link and get bonuses.
- Deposit via credit card or bank transfer
- Use the “Trade” tab to purchase BNB
Use my referral link for bonus perks. Learn more by watching my Bitunix tutorial or reading the detailed review on my blog.
4. Crypto.com
Crypto.com provides a user-friendly platform with BNB available for direct purchase with CAD and fully regulated in Canada. However, I usually I advise against using it based on serious concerns encountered during my extensive testing which I shared in my Crypto.com review for Canadians. The platform’s mobile app suffers from frequent technical issues including withdrawal failures, transaction delays, slow support and interface freezes. Their marketing often promotes misleading rates and cashback offers that come with hidden restrictions.
- Sign up here and complete KYC
- Fund your account with CAD
- Use the “Buy” feature to convert CAD to BNB directly
While the platform appears attractive due to its CAD integration and credit card options, the risks and frustrations outweigh any potential benefits. Consider the other exchanges mentioned above for a more reliable BNB trading experience.
5. Kucoin (Not Available in Ontario & Alberta)
Kucoin is another international exchange where BNB can be traded. It’s known for its security and variety of coins.
- Sign up and verify your account
- Deposit through various methods, including credit card
- Trade BNB on their spot market
KuCoin presents regulatory risks for Canadian users following the Ontario Securities Commission’s (OSC) enforcement action in June 2023. The OSC found KuCoin operating as an unregistered crypto trading platform and banned it from Ontario. Despite this, KuCoin continues to serve Canadian users outside Ontario. Users from other provinces should carefully consider these regulatory concerns before choosing this platform for BNB trading. Yet, many Canadians keep using Kucoin.
6. CoinCatch
CoinCatch might not be as well-known, but it offers BNB trading with no KYC for small amounts, providing some level of anonymity. CoinCatch is a relatively new player in the Canadian crypto market that attracts users with its no-KYC policy for transactions under $3,000, providing some level of anonymity.
- Register on their platform
- Use available payment methods to buy BNB
The platform’s fees appear competitive at 0.2%, but hidden charges often apply to withdrawals.
How to Keep Your BNB Coin Safe
For long-term holding, transferring your BNB to a secure crypto wallet is advisable. I’ve covered the best wallets for Canadians in another guide.
How to Sell BNB in Canada
Selling BNB is straightforward on these platforms. Transfer your BNB back to your exchange wallet and use the “Sell” option to convert back to CAD or another cryptocurrency.
Frequently Asked Questions (FAQs)
Can I buy BNB in Canada?
Yes, through international exchanges like those listed above.
Which exchange is best for buying BNB in Canada?
Bitget for low fees, Crypto.com for ease of use with CAD.
Is buying BNB a good investment?
BNB has utility and potential for growth, but always consider the market’s volatility.
I hope this guide aids you in navigating the purchase of BNB in Canada despite the challenges posed by Binance’s exit. Remember, crypto investments carry risk, so conduct your own research before investing.
Happy trading!
