Nov 11, 2021

8 min read

Best Crypto Exchange In Canada 2021

Canada is home to many of the world’s largest bitcoin exchanges so it is no secret that buyers have many options to choose from.

Here Are The 21 Best Exchanges In The Canada To Buy Bitcoin.

Coinbase

Coinbase is the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.

Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.

Pros

Established reputation User-friendly interface High liquidity Large purchasing limits Strong security

Cons

Support takes time to respond Slow bank transfers

Buy Bitcoin

Etoro

Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.

Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).

Minimum first time deposit for US users is $50 USD and $200 USD for most countries.

Etoro accepts deposits in USD, EUR, GBP, and AUD.

Pros

Diverse selection of markets Excellent reputation User-friendly interface Great customer support Low fees

Cons

Bitcoins can only be withdrawn in the form of fiat currency

Ƀ Buy Bitcoin

Binance

Binance is a first-rate exchange for experienced traders who are looking for a respectable cryptocurrency marketplace to perform real-time trades.

With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform.

Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.

Pros

Trustworthy management High volume exchange Low fees A large number of cryptocurrency pairs Global support

Cons

Few payment options

Buy Bitcoin

CEX IO

CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.

CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability.

CEX.IO accepts deposits in USD, EUR, GBP, and RUB.

Pros

Established and trustworthy Supported worldwide Low fees Simple credit card purchases Clean user interface

Cons

Verification procedure requires private information Lengthy verification time

Buy Bitcoin

OkCoin

OkCoin is the world’s leading digital asset exchange and provides attractive value for users with exceptional security, transparency, and professionalism.

The exchange is globally licensed with offices in San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea.

OkCoin accepts deposits in USD, EUR, and SGD.

Pros

Excellent customer service Advanced trading tools Low fees

Cons

Tight verification

Buy Bitcoin

Paybis

Paybis is a digital and cryptocurrency exchange that specializes in fast and reliable transactions while providing a large number of payment options.

Paybis accepts deposits in USD, EUR, CAD, GBP, and JPY.

Pros

Large purchasing limits Wide range of payment options Intuitive and user-friendly interface Global support 24/7 Multilingual customer service

Cons

Bank transfers can take 1 to 5 days to complete Above-average fees

Buy Bitcoin

Kraken

Kraken is the world’s largest Bitcoin exchange and offers a vast selection of cryptocurrencies and internationally accepted funding methods.

Kraken Pro provides individual and institutional investors with advanced real-time trading and charting tools.

Kraken accepts deposits in USD, EUR, CAD, GBP, JPY, and CHF.

Pros

Respectable reputation Global support Reliable customer support Tiered verification Affordable fees

Cons

Few payment methods Sophisticated UI

Buy Bitcoin

XCOINS

XCOINS is a peer to peer lending platform on which buyers can buy bitcoins from sellers.

XCOINS accepts loan security deposits and purchases in USD.

Pros

Simple to get started A fast way to acquire bitcoins Great for making extra money on the side

Cons

High fees are incurred There is a low transaction limit for new users

Buy Bitcoin

Coinmama

Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.

Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.

Pros

Available worldwide High purchasing limits Dependable and trustworthy Excellent leadership and customer support Fast and secure transactions

Cons

High fees when purchasing with a credit card or debit card Delay in processing time

Buy Bitcoin

Bittrex

Bittrex is one of the largest cryptocurrency trading platforms in existence and serves customers all over the world.

Bittrex currently accepts deposits in USD for fiat trading only.

Pros

A large number of cryptocurrency pairs Strong security Privacy

Cons

Customer support

Buy Bitcoin

Bitit

Bitit is developed, hosted, and regulated in Paris, France. BitIt is one of the most convenient platforms for buying and selling crypto-assets.

Bitit accepts deposits in USD, EUR, GBP, JPY, AUD, CAD, CNY, HKD, KRW, SGD, ZAR, DKK, SEK, NOK, and TRY.

Pros

Supports many currencies Large selection of cryptocurrencies High purchasing limits Ledger and Trezor wallet support

Cons

Lengthy verification

Buy Bitcoin

Gemini

Gemini is a simple, elegant, and secure way to build your bitcoin and crypto portfolio. Gemini has low fees and a strong reputation.

The dashboard makes it easy for investors to view a snapshot of their holdings upon login.

Gemini accepts deposits in USD, AUD, CAD, EUR, GBP, and HKD for trading.

Pros

Ability to set real-time market limit orders Low fees Clean user interface Strong reputation Great customer support

Cons

Exclusive to a limited number of countries

Buy Bitcoin

Paxful

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful gives vendors the ability to create offers in all currencies.

Pros

Escrow system Security Diverse payment methods Simple user interface (UI) Wide variety of sellers

Cons

Buyers and sellers are at risk of being scammed

Buy Bitcoin

LocalBitcoins

LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.

LocalBitcoins gives vendors the ability to create offers in all currencies.

Pros

Available in every country of the world A diverse selection of buyers and sellers Supports many payment methods Buyers get their bitcoins fast Private

Cons

Lack of cryptocurrency diversity Both sellers and buyers have a chance of being scammed.

Buy Bitcoin

Changelly

Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly.

Changelly accepts USD, EUR, and GBP for buying cryptocurrency.

Pros

Fast Private Low fees High exchange limits 24/7 live chat support

Cons

Limited payment methods

Buy Bitcoin

Poloniex

Poloniex is ideal for those seeking a cryptocurrency trading platform with a large array of technical analysis tools.

Poloniex currently accepts deposits in USDC.

Pros

Hundreds of trading pairs Multifunctional user interface Wealth of trading and analysis tools

Cons

Can be complicated for beginners

Buy Bitcoin

Abra

Abra is an all-in-one cryptocurrency wallet and exchange app available on both iOS and Android platforms.

International Abra users can see all 54 fiat currencies. Citizens in canada can only see TUSD.

Pros

Many payment methods Diverse cryptocurrencies supported

Cons

Slow customer support Mobile only

Buy Bitcoin

Bitsquare

Bitsquare is a peer to peer exchange that allows users to buy and sell bitcoins and exchange them for other altcoins and fiat currencies.

If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.

Bitsquare users can buy and sell bitcoin with all national fiat currencies.

Pros

Respectable reputation Supported globally No registration required Privacy Perfect for advanced traders

Cons

Few payment methods Not suitable for beginners

Buy Bitcoin

BitQuick

BitQuick is an instant bitcoin marketplace that allows buyers to connect directly to sellers and make purchases via cash deposit or SEPA transfer. Buyers are guaranteed to receive their bitcoins within 3 hours of placing an order.

BitQuick accepts deposits in all fiat currencies.

Pros

Get paid within 3 hours 256 bit SSL encryption Simple user interface

Cons

Lack of payment options

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