Canada’s crypto scene has changed significantly over the past two years. With stricter regulations, the exit of giants like Binance and Bybit, and new compliance rules from the Canadian Securities Administrators (CSA), traders are left asking: which platforms are actually worth using in 2025?
Whether you’re a first-time investor or a seasoned trader, the right exchange can make or break your experience. Below, we highlight the best crypto exchanges in Canada – covering security, fees, CAD support, and advanced features.
Top 10 Crypto Exchanges in Canada
| Exchange | Best For | Supported Assets | Trading Fees | CAD Payments | KYC Required |
|---|---|---|---|---|---|
| Bitbuy | Beginner-friendly, local | 60+ | 0.5% (Pro) | Interac, Wire | Yes |
| Kraken | Advanced traders | 340+ (Canada: 250) | 0%–0.40% | Wire, Interac, Cash | Yes |
| Bitunix | Derivatives & low fees | 500+ | 0.08% spot / 0.02% futures | Card, P2P | Optional |
| Bitget | All-in-one features | 1,300+ | 0.1% spot / 0.02% futures | Interac, P2P | Yes |
| Crypto.com | Rewards & prepaid card | 300+ | 0%–2.99% | Card, Bank | Yes |
| NDAX | Low fixed fees | 30+ | 0.2% flat | Interac, Wire | Yes |
| Newton | Clean UI, no deposit fees | 70+ | 1%–1.6% spread | Bank, Card | Yes |
| Shakepay | Bitcoin & Ethereum only | 2 | 0% (spread only) | Interac, Wire | Yes |
| Coinsquare | Trusted Canadian veteran | 60+ | 0% (spread model) | Interac, Wire | Yes |
| Zengo | Mobile wallet + exchange | 320+ | Spread fees | Card, Bank | No (MPC security) |
Key Players Breakdown
1. Bitbuy
Toronto-based and CIRO-regulated, Bitbuy is Canada’s flagship exchange. It has never been hacked and offers both beginner-friendly Express Trade and a Pro platform. Fees are competitive, and Interac integration makes CAD deposits seamless.
2. Kraken
Kraken is a global giant, but in Canada it operates under local restrictions—no USDT, no staking, limited assets. Still, it’s unmatched in security and liquidity, with the unique option to deposit cash at Canada Post.
3. Bitunix
One of the newer entrants, Bitunix has grown rapidly thanks to its derivatives-first focus. With up to 125x leverage, 500+ spot markets, staking, and copy trading, it rivals global competitors while remaining accessible to Canadians via card and P2P payments.
4. Bitget
Bitget is a global powerhouse with 1,300+ assets, CAD support via Interac, and a thriving P2P marketplace for Canadians. Its copy trading ecosystem makes it attractive for those who want to follow pro traders.
5. Crypto.com
Popular for its crypto debit card and ecosystem perks, Crypto.com has a strong presence in Canada. While its fees can be higher than local competitors, the range of supported coins and cashback rewards make it appealing.
6. NDAX
A Calgary-based exchange that prioritizes compliance, transparency, and low costs. Its flat 0.2% trading fee and segregated bank accounts make it a safe choice for Canadians seeking a no-frills exchange.
7. Newton
Known for its user-friendly design and no-fee deposits/withdrawals, Newton is great for casual traders. Spreads can be a bit wider, but its clean interface appeals to beginners.
8. Shakepay
Focused only on Bitcoin and Ethereum, Shakepay is ideal for dollar-cost averaging (DCA) into the top two cryptos. It has zero commission, a “shake-to-earn” gamified feature, and an ultra-simple app.
9. Coinsquare
One of Canada’s oldest platforms, Coinsquare is CIRO-regulated and has built a reputation on compliance and security. Best suited for those who value regulation and CAD fiat rails.
10. Zengo
Technically more of a mobile wallet than a traditional exchange, Zengo has become popular thanks to its keyless MPC security model and smooth fiat on/off-ramps. A solid choice for traders who prioritize self-custody.
Regulations & Taxes in Canada
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Licensing: Exchanges must register with FINTRAC as MSBs and often as restricted dealers with provincial securities commissions.
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Recent exits: Binance, Bybit, and OKX withdrew from Canada in 2023–2024 after tighter CSA guidelines.
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Taxes: The Canada Revenue Agency (CRA) treats crypto as a commodity. Selling, trading, or spending crypto can trigger capital gains tax (50% of gains taxed at your marginal rate). Mining, staking, and airdrops are taxed as income.
How to Choose the Right Exchange
When picking a Canadian exchange in 2025, consider:
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CAD on/off ramps – Interac e-Transfer is the most convenient.
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Regulatory compliance – Stick to platforms registered with CIRO, CSA, or FINTRAC.
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Security – Look for cold storage, 2FA, insurance policies, and proof of reserves.
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Features – Do you want staking, derivatives, or just simple buying and selling?
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Fees & spreads – Active traders should prioritize low-maker/taker fees.
Key Takeaways
Canada’s crypto exchange landscape in 2025 is more mature, but also more fragmented. For locals, Bitbuy and NDAX stand out as safe and compliant homegrown platforms. For global access and features, Kraken, Bitget, and Bitunix lead the pack. Casual investors may prefer Newton, Shakepay, or Wealthsimple, while security-conscious users should consider Zengo.
Ultimately, the best exchange is the one that balances compliance, convenience, and cost with your trading style.
