Best Crypto Exchanges in Canada 2023

Looking for the best crypto exchange in Canada? You’ve come to the right place! This ultimate step-by-step guide on crypto investing outlines the top 5 crypto exchanges to buy Bitcoin in Canada. Plus fees, deposits, coins available and withdrawal limits.

Hello, I’m Blooming Umoren.👋 In today’s tutorial, I’m going to walk you through an overview of the top 5 crypto exchanges to buy crypto in Canada. When looking for the best way to buy Bitcoin in Canada, it’s important to consider all the features each platform has to offer. Below, I have highlighted the best crypto exchange platforms in Canada for beginners and advanced traders and investors:

If you have any question(s), leave them in the comments section below and I will answer them. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

So let’s go straight into today’s tutorial:

Top 5 Crypto Exchanges Canada

1. NDAX

NDAX is a simple, easy-to-use and secure crypto exchange to buy and sell Bitcoin and 28+ other cryptos instantly. The platform is quite intuitive for beginners and provides powerful advanced trading features and tools for experienced and professional traders.

Features: Get $10 Sign Up Bonus – NDAX Referral Code

NDAX - Best Canadian Crypto Exchange - Blooming Umoren

Users: Excellent choice for both beginners and advanced traders

Deposits: Free deposits for Canadian dollars and cryptos

Withdrawals: $4.99 flat fee for withdrawal to Canadian bank account. Whether you’re withdrawing $5,000 or $100,000 the fee will always be $4.99. Crypto withdrawal fees vary.

Trading Fees: Low trading fee of 0.20% for buying and selling cryptocurrency. For example, when you buy or sell crypto for $1000, your trading fee is $2. 

Crypto offered: Bitcoin, Ethereum, XRP, Bitcoin (LTC), EOS, Stellar (XLM), Dogecoin (DOGE), Cardano (ADA), Tether (USDT), ChainLink (LINK), Polkadot (DOT), Uniswap (UNI), The Graph (GRT), Compound (COMP), Aave (AAVE), Polygon (MATIC), Shiba Inu (SHIB), Fantom (FTM),  Axie Infinity (AXS), Decentraland (MANA), Hedera (HBAR), Avalanche (AVAX), Solana (SOL), Algorand (ALGO) and more!.

How To Fund Your NDAX Account Options: Multiple funding /deposit methods including Interac e-transfer, bank draft, wire transfer and crypto.

Crypto Transfer To Wallet: Supports transfers of Bitcoin or Ethereum to other crypto exchanges platforms or cold wallet such as Ledger. As explained in the crypto for beginners tutorial – 5 Things To Do Before Investing In Crypto, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X. 

There are several crypto cold hardware wallets and the best are the Ledger Nano X or the Ledger Nano S Plus.

Best Crypto Wallet - Ledger Nano X -Blooming Umoren

It’s important to buy your crypto hardware wallet directly from the manufacturer and not on any third party websites such as Amazon, eBay, Costco etc. This is to ensure the authenticity of your device and to prevent storing your crypto on a compromised device.

CLICK HERE TO ORDER YOUR LEDGER NANO X

How To Open An NDAX Account?: To get started, sign up here. NDAX offers instant id verification for new clients which means you can start buying any crypto as soon as you create and fund your account.

When you sign up with NDAX fund your account with $100 or more and buy any crypto of your choice, you’ll receive $10 cash back.  

Other Features: Same-day deposits and withdrawals, fast processing times for deposits and withdrawals, 24/7 live customer support, referral program, advanced order types – stop order, trailing stop order, limit order, secure digital asset storage, and many more.

Summary:

NDAX offers a user-friendly platform for both beginners and advanced traders. It offers lowest trading fees in Canada with free fiat and crypto deposit. It offers robust features such as instant account verification process, fast processing time for deposits and withdrawals and largest selections of crypto coins in Canada. 

CLICK HERE TO SIGN UP - $10 bonus
2. ShakePay

Shakepay is a user-friendly crypto platform for beginners. This is one of the simplest cryptocurrency platforms in Canada to buy and sell Bitcoin and Ethereum.

Features: Get $30 Cash Back – ShakePay Referral Code: MFZ0JPC

ShakePay - Blooming Umoren

Users: Excellent choice for beginners.

Deposits: Free deposits for Canadian dollars and cryptos.

Withdrawals: Free withdrawals 

Trading Fees: ShakePay offers no trading fees for buying and selling cryptocurrency. However, ShakePay features variable price spread on buy and sell trades ranging from 1% – 3%.

Crypto offered: Bitcoin (BTC) and Ethereum (ETH)

How To Fund Your ShakePay Account Options: Multiple funding /deposit methods including Interac e-transfer, wire transfer and crypto.

How To Open A ShakePay Account?: To get started, sign up here and get $30 bonus. Once you create your account and fund it, you can buy Bitcoin or Ethereum within minutes. 

When you sign up, and fund your account with $100 or more and buy any crypto of your choice, you’ll receive $30 cash back.  

Recurring Buys: Automatically buy Bitcoin or Ethereum daily, weekly or monthly.

Limit Orders: Place a buy or sell order at a price you set

Crypto Transfer To Wallet: Supports transfers of Bitcoin or Ethereum to other crypto exchanges platforms or cold wallet such as Ledger.

As explained in the crypto for beginners tutorial – 5 Things To Do Before Investing In Crypto, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X.

There are several crypto cold hardware wallets and the best are the Ledger Nano X or the Ledger Nano S Plus.

Other Features: Fast deposits and withdrawals, responsive customer support, referral program and more.

NOTE: Ensure you include your unique reference code in your Interac transfers from your bank to ShakePay. Without this reference code, ShakePay will be unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your ShakePay account to avoid any delay in deposits.

Summary:

ShakePay offers a beginner-friendly platform for crypto investing. You can buy Bitcoin in as little as 10 minutes once you fund your account with Interac e-transfer. It offers free deposits and withdrawals and commission free-trades.

To start investing in crypto today with ShakePay

CLICK HERE TO SIGN UP - $30 bonus
3. BitBuy

Established in 2016, BitBuy is a solid Canadian crypto trading platform for beginners and advanced crypto traders. It offers 15 crypto coins including Bitcoin, Ethereum, Aave, Polygon, Polkadot, Cardano, Solana and more. BitBuy’s simplicity makes it attractive for beginners while also offering tools for advanced traders.

Features: Get $20 Cash Back – BitBuy Referral Code: AXLRI246X

BitBuy Logo - Blooming Umoren

Users: Excellent choice for beginners and advanced traders.

Deposits: Variable deposit fees

Interac e-transfer = 1.5% deposit fee with minimum deposit of $50 and $10,000 max. daily within minutes

Bank wire = 0.5% deposit fee with minimum deposit of $20,000 and $500,000 max. in 2 – 3 business days.

Free crypto deposits.

Withdrawals: Variable withdrawal fees

Interac e-transfer = 1.5% withdrawal fee with minimum deposit of $50 and $10,000 max. daily within 24 hrs

Bank wire = 1.00 % withdrawal fee with minimum withdrawal of $20,000 and $500,000 max. in 2 – 3 business days.

Variable crypto withdrawal fees

Trading Fees: Trading fee of 0.20% for buying and selling cryptocurrency. 

Crypto offered

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH), EOS, Chainlink (LINK), Aave (AAVE), Uniswap (UNI), Polkadot (DOT), SushiSwap (SUSHI), Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), Cardano (ADA) and more!.

How To Fund Your BitBuy Account Options: Multiple funding /deposit methods including Interac e-transfer, wire transfer and crypto.

How To Open A BitBuy Account?: To get started, sign up here for a $20 bonus. Once you create your account and fund it, you can buy your crypto of choice. 

When you sign up, and fund your account with $250 or more and buy any crypto of your choice, you’ll receive $20 cash back. 

Crypto Transfer To Wallet: Supports transfers of Bitcoin or Ethereum to other crypto exchanges platforms or cold wallet such as Ledger.

As explained in the crypto for beginners tutorial – 5 Things To Do Before Investing In Crypto, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X.

There are several crypto cold hardware wallets and the best are the Ledger Nano X or the Ledger Nano S Plus.

Other Features: Responsive deposits and withdrawals, responsive customer support, referral program and more.

Summary:

BitBuy is one of the popular crypto exchanges platforms in Canada for beginners and advanced crypto users. For beginners, BitBuy offers a simple trading layout where you can trade crypto with the Express Trade platform while for advanced crypto traders, you can access robust trading features, charts and order types with the Pro Trade platform. It offers variable deposit and withdrawal fees.

Note: Ensure you include your unique reference code in your Interac transfers from your bank to BitBuy. Without this reference code, BitBuy will be unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your BitBuy account to avoid any delay in deposits. 

To start investing in crypto today with BitBuy

CLICK HERE TO SIGN UP - $20 bonus
4. Newton

Established in 2018, Newton has the largest selection of crypto coins in Canada. It supports 60+ crypto coins and tokens with zero-trading fees. With Newton, you can buy any of these 60+ coins directly with Canadian dollars within minutes.

In addition, Newton charges no fee for fund deposits and withdrawals.   Newton is a simple user-friendly Canadian crypto exchange for beginners and experienced crypto traders.

Features: Get $25 Cash Back – Newton Referral Code: V9IAA3

Users: Excellent choice for beginners and intermediate traders.

Deposits: Free deposits for Canadian dollars and cryptos

Withdrawals: Free withdrawals 

Newton Trading Fees: Newton offers no trading fees for buying and selling cryptocurrency. Price  spread on buy and sell for ~ 0.7%.

Crypto offered

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH), EOS, Chainlink (LINK), Aave (AAVE), Uniswap (UNI), Polkadot (DOT), SushiSwap (SUSHI), Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), Cardano (ADA), Enjin Coin (ENJ), Yearn Finance (YFI), Avalanche (AVAX), Ankr (ANKR), Harmony (ONE), My Neighbour (ALICE), USD Coin (USDC), Synthetic (SNX), Tether (USDT), Pax Gold (PAXG), Chromia (CHR), Loopring (LRC), Cosmos (ATOM), Gala (GALA), The Sandbox (SAND), Elrond (EGLD), Ren (REN), Chiliz (CHZ), OMG Network (OMG), Fantom (FTM), Ox (ZRX), Axis Infinity (AXS), Curve DAO (CRV), Maker DAO (MKR), Dai (DAI), Basic Attention (BAT), Compound (COMP) and more!

How To Fund Your Newton Account Options: Multiple funding /deposit methods including Interac e-transfer, wire transfer and crypto.

How To Open A Newton Account?: To get started, sign up here for a $25 bonus. Once you create your account and fund it, you can buy your crypto of choice. 

When you sign up, and fund your account with $100 or more and buy any crypto of your choice, you’ll receive $25 cash back. 

Crypto Transfer To Wallet: Supports transfers of some coins to other crypto exchanges platforms or cold wallet such as Ledger. Note that Newton does not allow transfer of all coins to your wallet. 

As explained in the crypto for beginners tutorial – 5 Things To Do Before Investing In Crypto, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X.

There are several crypto cold hardware wallets and the best are the Ledger Nano X or the Ledger Nano S Plus.

Other Features: Fast deposits and withdrawals, responsive customer support, referral program, app compatible across multiple devices and more.

Summary:

Newton is a top Canadian crypto exchange that has the largest selection of crypto coins for beginners and advanced crypto users. Buy over 60+ cryptocurrencies directly with Canadian dollars and transfer major coins to your wallet. Offers zero deposit and withdrawal fees as well as zero trading fees. Offers variable spread on buy and sell price. 

If you’re looking into trading a large selection of cryptocurrencies in Canada, Newton is a solid platform to buy and sell Bitcoin and many more coins directly with Canadian dollars. 

NOTE: Ensure you include your unique reference code in your Interac transfers from your bank to Newton. Without this reference code, Newton will be unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your Newton account to avoid any delay in deposits.

To start investing in crypto today with Newton

CLICK HERE TO SIGN UP - $25 bonus
5. Binance

Founded in 2017, Binance is the world’s largest crypto exchanges with over 400+ coins. It supports over 50+ fiat currencies including CAD, USD, EURO, NGN and more. It’s built both for beginners and experienced crypto traders with advanced and robust trading tools and resources for crypto investing and trading.

Binance also offers a maximum trading fee of 0.1% per transaction and is available to customers anywhere in the world. It offers trading platforms for basic, intermediate and advanced traders per your trading experience and preference. Offers NFT marketplace to buy and sell non-fungible tokens.

Features: World’s Largest Crypto Exchange – Sign Up

Users: Excellent choice for beginners, intermediate and advanced traders.

Deposits: Free crypto deposits and variable deposit fee depending on deposit method e.g. peer-to-peer (p2p), debit card, credit card, bank transfer, wire transfer. 

Withdrawals: Variable withdrawal fees

Trading Fees: Variable trading fees depending on trading volume

Crypto offered: Over 400+ coins including Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Aave (AAVE), Uniswap (UNI), Polkadot (DOT), SushiSwap (SUSHI), Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), Cardano (ADA), Enjin Coin (ENJ), Yearn Finance (YFI), Avalanche (AVAX), Ankr (ANKR), Harmony (ONE), Cosmos (ATOM), Gala (GALA), The Sandbox (SAND), Elrond (EGLD), Ren (REN), Chiliz (CHZ), OMG Network (OMG), Fantom (FTM), and many more

How To Fund Your Binance Account Options: Multiple funding /deposit methods including p2p transfer, debit card, credit card, wire transfer and crypto.

How To Open A Binance Account?: To get started, you can sign up here. Once you create your account and fund it, you can buy your crypto of choice. 

Crypto Transfer To Wallet: Supports transfer of several coins to other crypto exchanges platforms or cold wallet such as Ledger. Binance allows users to withdraw any coin from your Binance wallet to your wallet of choice.

As explained in the crypto for beginners tutorial – 5 Things To Do Before Investing In Crypto, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X.

There are several crypto cold hardware wallets and the best are the Ledger Nano X or the Ledger Nano S Plus.

Other Features: Staking for rewards on coins, crypto-to-crypto trading pairs, robust trading options including limit orders, margin trading, spot trading, recurring buys, fast deposits and withdrawals, responsive customer support, referral program, app compatible across multiple devices, trust wallet, and more.

Summary:

Binance is the world’s largest crypto exchange with the largest selection of crypto coins for beginners, intermediate and advanced crypto users. Buy over 400+ cryptocurrencies from anywhere in the world. Access to NFT marketplace to buy and sell NFTs as well as Binance staking rewards.  

If you’re looking into trading a large selection of cryptocurrencies from anywhere in the world, then Binance is the best crypto exchange platform for that. Access several coins via multiple devices worldwide.

To start investing in crypto today with Binance

CLICK HERE TO SIGN UP - $25 bonus

Once steps 1 through 5 are completed, you’re ready to buy Bitcoin.

Below is the next article to walk you through how to buy your first Bitcoin.

Questions?🤔

If you have any question(s), leave them in the comments section below. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

See you in the next class! 👋

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I’m Blooming Umoren. I enjoy teaching about stock market & cryptocurrencies investing as long term cornerstones for creating and building multi-generational wealth.


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