10 Best Cryptocurrency Exchanges in Canada 2024

The crypto rush is on in Canada! As cryptocurrencies like Bitcoin and Ethereum gain mainstream traction, Canadians are looking to get in on the action. But with so many crypto exchanges available, how do you choose the right platform to buy and sell digital currencies? In this article, we list the top cryptocurrency exchanges that will allow Canadians to buy, sell, and trade virtual currencies in 2024. Whether you’re a first-time investor looking to dip your toes into crypto or a seasoned trader aiming to take your portfolio to the next level, you’ll find the perfect exchange for your needs here.

So sit back and read on for our picks of the 10 best cryptocurrency exchanges in Canada for 2024! It’s the ultimate guide to navigating the booming crypto space as a Canadian investor. As one of the largest and most well-known cryptocurrency exchanges globally, Coinbase is an obvious choice for Canadian crypto investors. Coinbase makes crypto trading easy for beginners with its simple and intuitive interface, yet it still offers robust tools for advanced traders.

This exchange offers 100+ cryptocurrencies to trade and invest in, some of the highest liquidity of any platform, and industry-leading security measures like 98% cold storage of funds offline. Coinbase has competitive trading fees at 0. 50% and convenient funding options for Canadians including Interac e-Transfer and wire transfer.

The mobile app allows you to securely trade cryptocurrencies on the go. If you’re looking for an established, trusted exchange to serve as a one-stop shop for all things crypto, look no further than Coinbase. Based in San Francisco, Kraken is one of the largest crypto exchanges and the leader in euro-denominated trading.

Kraken offers excellent liquidity and competitive fees that scale based on your 30-day trading volume. Added benefits for Canadians include low funding fees for domestic wire transfers and Interac Online payments. Kraken has a robust selection of coins available for Canadian dollar and cryptocurrency trading pairs.

The exchange provides industry-leading accountability through its proof of reserves audits. Kraken’s advanced trading interface offers margin trading and other tools for seasoned investors. If you prefer a crypto exchange focused on the Canadian and European markets, Kraken is a premier option.

Although headquartered in Singapore, KuCoin has become a popular exchange for Canadian crypto enthusiasts. KuCoin distinguishes itself from competitors by offering an exceptionally wide variety of altcoins and crypto gems not available on most mainstream platforms. With low trading fees of just 0.

10%, they are competitive for high-volume traders. Although KuCoin once suffered a hack, it covered all losses for users and has since revamped security protocols. Conveniently, Canadians can complete expedited verification using NDAX QuickTrade with an email confirmation code.

Overall, KuCoin is ideal for investors looking to diversify their crypto portfolio by accessing up-and-coming coins before they hit major exchanges. Crypto. com is best known for its Visa crypto debit card integrated with its exchange and wallet app.

This Hong Kong-based company provides a seamless experience for Canadians to buy, trade, spend, earn interest on, and even borrow crypto. While they have high trading fees at 0. 40%, unique perks like up to 14.

5% interest on coins make it a great option for long-term holders. Crypto. com also allows users to easily convert cryptocurrencies to fiat at true cost using bank transfers with no fees.

With low bank transfer fees and Interac e-Transfer funding, Crypto. com makes moving funds conveniently between crypto and Canadian bank accounts a breeze. Founded by the famous Winklevoss twins, Gemini has been growing rapidly as an established, trustworthy crypto exchange catering to Canadian and global clientele.

Gemini stores 95% of assets in cold storage and undergoes regular bank-level audits to prove holdings. As a licensed New York trust company, they meet the highest compliance standards. Gemini offers a straightforward mobile app and ActiveTrader interface for web-based trading.

While trading fees start relatively high at 0. 50%, they become very competitive at higher monthly volume tiers. Additional perks include a generous cryptocurrency rewards program on debit card purchases and 10 free monthly withdrawals.

For Canadians seeking a secure, compliant exchange option, Gemini is a strong contender. Experienced crypto traders who don’t mind limited funding options should check out Bitfinex. Based in Hong Kong, Bitfinex leads crypto exchanges in terms of trading volume across all currencies.

They offer an advanced trading interface with charting tools, indicators, margin trading with up to 100x leverage, derivatives trading, and more tools for power users. While Bitfinex fees are higher for market takers at 0. 20%, they don’t charge makers for liquidity provision.

Verification for Canadians involves more invasive processes, like facial recognition software. While it is not ideal for crypto beginners, Bitfinex offers sophisticated traders elite-level functionality for maximizing portfolio performance. Calling themselves “the fastest crypto exchange on Earth”, Phemex is perfect for high-volume crypto derivatives traders who prioritize lightning-fast order execution over bells and whistles.

Phemex launched in 2019 but already ranks as a top exchange by derivatives trading volume. They offer up to 100x leverage on BTC and ETH perpetual contracts as well as spot and futures trading for other major cryptocurrencies. Advanced order types include Post-Only, Fill or Kill, Sweep Collateral, and more.

Although Canadians have limited deposit options, Phemex has some of the lowest trading fees starting at 0. 02% for taker trades. If you’re a technical trader aiming to ride volatility peaks, Phemex delivers split-second order execution crucial for profitable arbitrage and scalping strategies.

ProBit Global usually flies under the radar of Canadian traders but deserves recognition for developers and crypto projects. This exchange based in South Korea provides specialized tools tailored for token projects raising funds or distributing coins through IDO/ICO platforms. ProBit Global offers 600+ crypto pairs with deep liquidity.

They provide a streamlined listing process and affordable fees for projects to list new coins. Unique perks like integrated digital wallets, 24/7 global customer support, and even professional marketing assistance help projects thrive through fundraising phases. For Canadian developers seeking an ideal exchange to launch custom tokens and hype newly-created cryptocurrencies, check out ProBit Global.

Dubbed “Canada’s exchange”, Bitbuy tailors its platform specifically to Canadian crypto investors. They make buying and selling coins easy with convenient Interac e-Transfer, Flexpin voucher, and bank wire funding methods. Bitbuy fees are very reasonable at 0.

20% to 0. 30% depending on fiat vs crypto trading pairs. As Canada’s first regulated crypto exchange, Bitbuy provides reliable and compliant crypto trading meeting local regulatory standards.

Plus they insure crypto assets through Knox security. While Bitbuy has fewer coin options compared to international competitors, they provide excellent liquidity for major cryptocurrencies like Bitcoin, Ethereum and Litecoin against the Canadian dollar. Overall, Bitbuy succeeds in making crypto investing seamless for beginners and veterans alike.

And finally, no list of top crypto exchanges would be complete without the world’s highest volume exchange, Binance. Originally founded in China and now operating globally from Malta, Binance dominates the crypto trading realm. With its unmatched variety of altcoins and massive liquidity pools, you’ll never lack trading opportunities on Binance.

They continually innovate with offerings like tokenized stock and derivatives trading, visa debit cards, crypto loans, and more. While Binance charges a higher 0. 10% trading fee, they offer discounts through BNB coin holdings.

Binance provides top-grade security and insurance safeguards to give traders peace of mind. The main drawbacks for Canadians include limited funding methods and lack of fiat trading pairs. However, for accessing the deepest crypto liquidity pools, Binance remains the undisputed industry leader.

As the crypto industry sees astronomical growth, more Canadians are looking to dive in and start trading digital assets and altcoins. Canada, recognized for its forward-thinking stance in technology and innovation, has become a significant hub for cryptocurrency activities. This includes the notable presence of Quantum AI in Canada .

After comparing critical factors like fees, payment methods, verification processes, security, coin availability, and more – we narrowed down the crowded playing field to the absolute top 10 crypto exchanges suited for Canadian investors in 2024. By understanding the strengths of each exchange ecosystem for funding, trading features, coin diversity, and security qualifications – Canadians can select their ideal exchange based on personal preferences and investment strategies. So peruse our list, choose the best-fit platform for your portfolio – then sign up to start leveraging these robust crypto marketplaces providing key access points into the developing digital asset economy.

The tools and capabilities to begin your crypto trading journey are waiting!.