Want to pick up some USD Coin (USDC) in Canada? I’ve got your back. Since jumping into crypto trading in Canada in 2016, I’ve checked out over 50 exchanges to figure out the top ways for Canadians to buy USDC. Through my YouTube channel, OCryptoCanada, with thousands of subscribers on board, I know what works best for us. Whether you’re new to crypto or a trading vet, this guide will steer you toward a solid, confident choice.
Disclaimer: This article features affiliate links. They help keep OCryptoCanada going, so we can bring you independent, no-BS content. Don’t sweat it—these links don’t mess with our rankings. Nearly every exchange has a referral program anyway, so it’s just part of the crypto gig!Why Buy USD Coin (USDC)?
Where to Buy USD Coin (USDC) in Canada in 2025
If you’re in Canada and looking to buy USD Coin (USDC) in 2025, I’ve got some solid options for you. Here’s my top choice for trading USDC with confidence and ease.
1. NDAX (Balanced Option with Low Fees and Security)
NDAX is my go-to for USD Coin (USDC) trading due to its low fees and robust platform. It’s a balanced exchange with a good coin selection, strong security, and full regulatory compliance—refer my video review.
NDAX offers competitive rates with a flat 0.2% trading fee for both buying and selling USD Coin (USDC). Deposits are free, but withdrawals have a fee, like $1.50 for e-Transfers and $4.99 for EFTs.
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 USD Coin (USDC) 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. It currently supports trading for over 35 cryptocurrencies, including USD Coin (USDC). For Canadian traders specifically, NDAX’s compliance and security make it a reliable and legal option to buy USD Coin (USDC).
If you’d be so kind as to use my referral link, you’ll get a $10 bonus that helps support my blog. NDAX’s low fees and strong setup make it a great pick for USD Coin (USDC) trading in Canada—I’ve had no issues here.
2. Coinbase (Most Reputable, Beginner-Friendly Option)
Coinbase is my top pick for USD Coin (USDC) 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 USD Coin (USDC) 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. Fees include a spread of about 0.50% on USD Coin (USDC) transactions, with additional fees 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 USD Coin (USDC). For Canadian traders, its user-friendly mobile app and strong compliance make it a secure and legal choice for USD Coin (USDC).
If you’d be so kind as to use my referral link, it helps support my blog.
3. Uphold (Unique Crypto and Metals Trading Platform)
Uphold is my pick for USD Coin (USDC) trading if you want a unique platform allowing users to trade both crypto and metals with a self-custody wallet—refer my video review [insert link].
Sign up with Uphold by providing 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. Deposit funds using bank transfers, credit/debit cards, or crypto deposits—flexible options for Canadians. Navigate to the trading section, select the USD Coin (USDC) pair, and execute your order.
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 USD Coin (USDC) 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 USD Coin (USDC). For Canadian traders, its versatility and compliance make it a secure and legal choice for USD Coin (USDC).
If you’d be so kind as to use my referral link, it helps support my blog.
4. Newton (Low Fees with Network Fee Coverage)
Newton is my choice for USD Coin (USDC) trading if you want a regulated Canadian exchange with low fees that covers network fees when swapping crypto—refer my video review.
Sign up with Newton by providing 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. Deposit funds using Interac e-Transfer or direct crypto deposits—convenient for Canadians. Navigate to the trading section, select the USD Coin (USDC) pair, and execute your order.
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 USD Coin (USDC), 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 USD Coin (USDC). For Canadian traders, its compliance and cost-saving features make it a secure and legal option for USD Coin (USDC).
If you’d be so kind as to use my referral link, you’ll get a $25 bonus that helps support my blog.
5. Kraken (Low Fees with a Strong Canadian Presence)
Kraken is my pick for USD Coin (USDC) trading if you’re after a global exchange with 200+ crypto assets available in the Canadian market and considerably low fees.
Sign up with Kraken Canada by providing KYC information like your name, address, and a government-issued ID, ensuring compliance with AML regulations and enhancing user account security. Deposit funds using Interac e-Transfer, wire transfer, or direct crypto deposits—great options for Canadians. Navigate to the Pro platform, select the USD Coin (USDC) pair, and execute your order.
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 USD Coin (USDC) 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 USD Coin (USDC). For Canadian traders, its low fees and compliance make it a secure and legal choice for USD Coin (USDC).
If you’d be so kind as to use my referral link , it helps support my blog.
6. Wealthsimple Crypto (Stocks and Crypto in One Place)
Wealthsimple Crypto is my pick for USD Coin (USDC) trading if you want the only platform in Canada offering both stock and crypto trading in one place. Crypto trading fees are high, but stock-to-crypto swaps make it unique—refer my video review.
Sign up with Wealthsimple Crypto by providing your name, address, date of birth, phone number, employment information, and your Social Insurance Number (SIN) for KYC, ensuring compliance with Canadian regulations and security standards. Deposit funds by linking your bank account for Interac e-Transfer or using direct crypto deposits—handy for Canadians. Navigate to the trading section, select the USD Coin (USDC) pair, and execute your order.
Wealthsimple Crypto is considered one of the safest in Canada, being the first regulated crypto trading platform under a time-limited regulatory approach via the CSA’s Regulatory Sandbox. It uses Gemini for cold storage, ensuring 90% of assets are offline, employs 2FA, and has insurance through Gemini and CoinCover. It’s fully legal to operate in Canada. Wealthsimple Crypto charges a spread on USD Coin (USDC) trades ranging from 1.5% to 2%, with no deposit or withdrawal fees for fiat. Crypto withdrawals have a network fee. Wealthsimple Crypto supports trading for over 50 cryptocurrencies, including USD Coin (USDC). For Canadian traders, its unique features and compliance make it a secure option for USD Coin (USDC).
If you’d be so kind as to use my referral link, you’ll get a $50 bonus that helps support my blog.
7. Coinsquare (Top Security and UX Post-WonderFi Merger)
Coinsquare is my choice for USD Coin (USDC) trading if you value its significant improvements after merging with WonderFi. Higher fees but offers top-tier security and UX as a regulated custodial exchange.
Sign up with Coinsquare by providing 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. Deposit funds using Interac e-Transfer, wire transfer, or direct crypto deposits—convenient for Canadians. Navigate to QuickTrade or Pro Trade, select the USD Coin (USDC) pair, and execute your order.
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 USD Coin (USDC) 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 USD Coin (USDC). For Canadian traders, its security and user experience make it a solid option for USD Coin (USDC).
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, Decent Option)
Netcoins is an option for USD Coin (USDC) trading, but its fees are on the higher end (0.5%). An okay platform, though better options exist for buying crypto—refer my video review.
Sign up with Netcoins by providing 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. Deposit funds using Interac e-Transfer, wire transfer, or direct crypto deposits—practical for Canadians. Navigate to the express trade section, select the USD Coin (USDC) pair, and execute your order.
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 USD Coin (USDC) 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 USD Coin (USDC). For Canadian traders, it’s a secure choice, but the fees might push you elsewhere for USD Coin (USDC).
You can sign up using this link, but IMO there are better exchanges to buy this coin for Canadians.
How to Keep Your USDC Safe
For short-term use, keeping USDC on an exchange like NDAX or Crypto.com is fine—they’ve got good security. Bitbuy’s an exception; you can’t hold USDC there, just trade it. For long-term storage (think snowy days ahead!), transfer it to a secure crypto wallet—every exchange but Bitbuy lets you withdraw it. I’ve covered the best wallets for Canadians in another guide—check it out for my faves. Quick tip: a hardware wallet like Ledger or a software one like Trust Wallet keeps your USDC locked down. Stash that seed phrase somewhere safe (not your phone!).
How to Sell USDC in Canada
Ready to cash out? Selling USDC is easy:
- Move your USDC back to your exchange wallet (not an option with Bitbuy—you’ll need to trade it to BTC/ETH first).
- On NDAX, Newton, or Crypto.com, hit “Sell” and convert to CAD directly. On Bitget or KuCoin, trade USDC to BTC/ETH, then CAD.
- Withdraw to your bank via e-Transfer or wire. For the best cash-out moves, watch my video for tips on fees and timing!
Frequently Asked Questions (FAQs)
Can I buy USDC in Canada?
Yes! NDAX, Coinbase, Newton, Kraken, and others let you buy USDC with CAD. Bitbuy, Bitget, and a few others need a workaround (trade BTC/ETH).
Which exchange is best for buying USDC in Canada?
NDAX or Newton are tops for direct CAD buys and simplicity. Crypto.com’s great with CAD, while Bitget’s low-fee but needs extra steps.
Is buying USDC a good investment?
USDC’s stable for trading or holding value, but it’s still crypto-adjacent—only risk what you’re okay with.
Disclaimer: This article features affiliate links. They help keep OCryptoCanada going, so we can bring you independent, no-BS content. Don’t sweat it—these links don’t mess with our rankings. Nearly every exchange has a referral program anyway, so it’s just part of the crypto gig!
I hope this guide helps you grab USDC in Canada with ease. Crypto’s got its twists, so do your research and stay savvy.
Happy trading!
