Want to scoop up Monero (XMR) in Canada? I’m here for you. I’ve been trading crypto in Canada since 2016, testing over 50 exchanges to find the slickest ways for Canadians to nab XMR. With my YouTube channel, OCryptoCanada, and thousands of subscribers along for the ride, I’ve pinned down what works best for us. Whether you’re just starting out or a crypto veteran, this guide will lead you to a smart, confident pick.
Disclaimer: You’ll find affiliate links in this article. They keep OCryptoCanada thriving, so we can share independent, honest content with you. Rest easy—they don’t change our rankings. Pretty much every exchange runs a referral program, so it’s all part of the crypto scene!Why Buy Monero (XMR)?
Monero (XMR) isn’t just another cryptocurrency—it’s the gold standard for privacy, using cutting-edge tech to keep your transactions untraceable and secure. Canadians might be drawn to its focus on financial freedom and anonymity, whether you’re in Vancouver or the Prairies. As of April 30th, one XMR costs . But a heads-up: privacy coins like XMR can be volatile and face regulatory scrutiny, so research thoroughly before diving in!
Where to Buy Monero (XMR) in Canada in 2025
If you’re in Canada and looking to buy Monero (XMR) in 2025, I’ve got some top platforms to share. Here’s my go-to choice for trading Monero (XMR) with ease and confidence.
1. Bitget (Global and one of the biggest crypto exchanges)
Bitget is my go-to for Monero (XMR) trading due to its low fees and robust platform. Bitget stands out as a top choice for Canadians looking to buy Monero (XMR) in 2025, ideal for daily trading with 800+ coins and low fees. Not available in Alberta & Ontario—refer my video review!
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—I trust it for my trades. Bitget’s fees include a 0.1% spot trading fee for Monero (XMR), 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 Monero (XMR). Deposit methods include bank transfers, credit/debit cards (through third-party providers), and various crypto deposits—most Canadians use their P2P marketplace or simply deposit crypto, so here’s how I do it:
- Sign up with crypto regulated exchanges in Canada; I’ll use Coinbase in this example because of free deposit and very fast speed.
- Deposit CAD via Interac e-Transfer (or bank transfer, but it will be longer) to Coinbase.
- A few mins later, if funds receive, buy USDC with them (stablecoin attached to USD).
- Send the USDC to your Bitget Wallet (I explained in detail in my video).
- Trade received USDC on Bitget to USDT—now you have access to over 800 crypto pairs on Bitget, including Monero (XMR)!
To sign up with Bitget, you need to provide 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—keeps it secure and legit. 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! For Canadian traders specifically outside Alberta & Ontario, Bitget’s low fees and extensive coin selection make Monero (XMR) trading accessible on the go.
2. Bitunix (Best for privacy, low fees, and extensive crypto pairs)
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 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 Monero (XMR), 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 Monero (XMR). 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, balancing privacy with security measures. Navigate to the trading section, select the Monero (XMR) 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.
3. MEXC (The cheapest exchange with the most coins)
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 for Monero (XMR), 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 Monero (XMR). Deposit methods include crypto transfers; no direct fiat deposit options are available, but third-party services like Banxa or MoonPay can facilitate fiat purchases. 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 Monero (XMR) 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.
4. Uphold (A unique platform allowing users to trade both crypto and metals)
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 Monero (XMR) 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 Monero (XMR). 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 Monero (XMR) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
5. Kraken (A global exchange with considerably low fees)
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 Monero (XMR) 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 Monero (XMR). 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 Monero (XMR) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
6. KuCoin (One of the largest global exchanges by volume)
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—I recommend PureVPN. KuCoin charges a 0.1% spot trading fee for both makers and takers on Monero (XMR), 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 Monero (XMR). 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 Monero (XMR) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
7. Coinsquare (Improved with top-tier security and UX)
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 of Monero (XMR), 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 Monero (XMR). 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 the trading section, select the Monero (XMR) 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.
8. Netcoins (Higher fees but compliant and secure)
Fees are on the higher end (0.5%). An okay platform, but better options exist for buying crypto.
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 trades of Monero (XMR), 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 Monero (XMR). 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 trading section, select the Monero (XMR) pair, and execute your order.
You can sign up here, but IMO there are better exchanges to buy Monero (XMR) for Canadians.
How to Keep Your Monero (XMR) Safe
For short-term trading, keeping XMR on Kraken or Coinsquare is fine—they’ve got solid security. But for long-term holding (think snowy private days!), transfer it to a secure crypto wallet—Monero’s privacy shines off exchanges! 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 Monero GUI wallet keeps it ultra-safe. Stash that seed phrase somewhere secure (not your phone!).
How to Sell Monero (XMR) in Canada
Ready to cash out? Selling XMR is a snap:
- Move your XMR back to your exchange wallet.
- On Coinsquare or Netcoins, hit “Sell” and convert to CAD. Bitget or Kraken? Swap XMR to BTC/ETH, then CAD on a platform like Bitbuy or NDAX.
- Withdraw via e-Transfer or wire. For the slickest cash-out tricks, watch my video for fees and timing tips!
Frequently Asked Questions (FAQs)
Can I buy XMR in Canada?
Yes! Coinsquare, Netcoins, Bitget, and more—8 exchanges—list XMR. Bitbuy, NDAX, and Coinbase don’t yet.
Which exchange is best for buying XMR in Canada?
Coinsquare or Netcoins for CAD ease. Uphold’s great for beginners. Crypto.com’s a solid pick too.
Is buying XMR a good investment?
XMR’s privacy tech has unique appeal, but it’s volatile and regulated—only risk what you’re okay losing.
Disclaimer: This article includes affiliate links. They help support OCryptoCanada, letting us keep delivering independent, no-BS content for you. No stress—these links don’t affect our rankings. After all, almost every exchange has a referral program, so it’s just part of the crypto gig!
I hope this guide helps you grab XMR in Canada with ease. Crypto’s a wild ride—do your research and stay sharp!
Happy trading!
