Since the cryptocurrency boom in 2016/2017, Coinsquare has consistently been the premier Bitcoin and cryptocurrency exchange for Canadians to buy, sell and trade.

Coinsquare is the largest and longest running crypto exchange in Canada that enables its users to easily buy Bitcoin, Ethereum and more through their simple web and mobile platforms within minutes.

Coinsquare Canada cryptocurrency exchange


As a leading exchange in Canada - Coinsquare offers many features for all different types of investors in the country. This includes an Over the Counter (OTC) desk for institutional investors in Canada, an advanced order type interface for seasoned traders and finally a point and click buy that is friendly for retail investors.

All of this for low fees, fast verification and a broad range of payment methods is why Coinsquare was, is and will remain to be the go to Bitcoin platform in Canada.

Independent Reserve - Australian Cryptocurrency Exchange Platfrom


Coinsquare's exchange offer a wide range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Chainlink, Bitcoin Cash and many more.

Their retail friendly platform also offers a nice and clean dashboard for cryptocurrency investors in Canada to track their portfolio performance over time.

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HomeCanada > Best Cryptocurrency Exchanges in Canada

Best Cryptocurrency Exchanges in
Canada (2021)

A complete breakdown of the most popular and trusted crypto exchanges operating in Canada.

David Cohen

Editor at Buy Bitcoin Finder

Best Cryptocurrency Exchanges in Canada

Canada is one of the most crypto-friendly countries around the world with many top-tier exchanges to choose from.

Based on the research conducted by the Buy Bitcoin Finder team, the 5 best crypto exchanges in Canada are:

  1. Bitbuy (best overall exchange)
  2. Newton (cleanest user interface, but bad customer care)
  3. Shakepay (easiest to use)
  4. Binance Canada (best for advanced trading)
  5. Coinsquare (best for institutions)


The information below are extended guides and reviews of Bitbuy, Binance and Coinsquare to inform users about the platforms and what sets them apart from competitors.

Bitbuy Exchange Review

Bitbuy is a leading crypto exchange in Canada that offers by far the most user-friendly way to buy, sell and trade Bitcoin and other digital assets. Based in Toronto, Canada - they offer 10 different cryptocurrencies, an OTC Desk for large transactions and the lowest fees for buying and selling.

Bitbuy Fees

The fees on Bitbuy to trade are very cheap compared to competitors in the market. An instant trade on their platform is 0.5% per transaction, and a market order is 0.1% in fees per transaction.

Bitbuy User Interface

Bitbuy offers arguably the cleanest and easiest to use user interface when compared to other crypto exchanges in Canada. It is extremely easy to deposit Canadian Dollars (CAD) and buy the cryptocurrency of your choice, because it can all be done from one page.

Can I buy Dogecoin on Bitbuy?

Yes, Bitbuy listed Dogecoin as an asset on their exchange on April 1, 2021. This means that you can buy Dogecoin with Canadian Dollars using the Bitbuy crypto exchange.

Bitbuy vs Shakepay

When comparing Bitbuy vs Shakepay, we take the view that Bitbuy is the superior exchange due to the fact that they offer more cryptocurrency pairs and have lower fees.


Is Bitbuy Safe?

Yes - Bitbuy is one of the safest exchanges in Canada and are tightly regulated by FINTRAC. Their customer support is without doubt the best in the industry, so if you have more questions regarding their security or regulatory compliance, be sure to send them a message.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Canadian Dollars (CAD)
Bitbuy Cryptocurrencies
Bitcoin, Ethereum, XRP, Cardano, Dogecoin + 20 more.
Trading Fees
0.1% - 0.5%
Deposit Methods
Interac e-Transfer and Bank Wire
Visit Bitbuy

Newton Review

Newton is one of Canada's latest crypto exchanges that is the first in the country to offer zero-fee trading. Their platform offers Bitcoin, Ethereum, XLM, Ripple and 15 other cryptocurrencies on their sleek and easy to use interface on web and iOS/Android.

Newton Fees

Newton have 0 trading fees to buy or sell cryptocurrency on their Web or iOS/Android app. Their spreads and prices for coins are generally very competitive as well, making Newton one of the cheapest ways to buy Bitcoin in Canada.

Newton Customer Care

We personally had a very bad experience communicating with the Newton customer support team. We sent three support messages and had not heard anything back from the Newton Crypto team for over a month. Caution is advised here. Bitbuy support was friendly and fast in comparison.

Newton vs Shakepay

When comparing Newton vs Shakepay, we take the view that Newton is the superior exchange due to the fact that their fees are lower and they offer more cryptocurrency pairs.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Canadian Dollars (CAD)
Newton Cryptocurrencies
Bitcoin, Ethereum, XRP, Cardano, Dogecoin + 15 more.
Trading Fees
0%
Deposit Methods
Interac e-Transfer and Bank Wire
Visit Newton

Shakepay Review

Shakepay is a secure smartphone and web app that is optimised to simplify the process of buying and selling cryptocurrencies. Their platform boasts the cleanest and easiest to use user interface that enables absolute beginners to seamlessly buy Bitcoin.

Is Shakepay Safe?

Shakepay is a secure digital asset platform that falls under the regulatory purview of FINTRAC and the AMF in Canada. This ultimately means that the Shakepay crypto exchange is licensed and trusted as a Money Service Business.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Canadian Dollars (CAD)
Shakepay Cryptocurrencies
Bitcoin and Ethereum only
Trading Fees
0% Transaction Fees. Wide Spreads
Deposit Methods
Interac e-Transfer, Debit Card and Credit Card
Visit Shakepay

Binance Canada Review

Binance Canada is the Canadian arm of the Binance Global Exchange, which is the worlds largest digital asset trading platform. Their exchange enables Candian citizens to deposit CAD to buy, sell and trade over 250 different crypto assets.

What sets Binance apart from their competitors is their wide range of features. You can trade crypto, trade crypto with leverage and lend out your assets to earn interest all on their easy to use platform.

Is Binance Banned in Canada?

The Binance Canada exchange was banned in Ontario, Canada in June 2021 due to new securities regulations by the Ontario Securities Commission (OSC). You can still use the Binance exchange in Canada in other provinces

Binance Fees

The Binance Canada exchange fees are very cheap and start at just 0.1% per trade. Binance is generally one of the cheapest exchanges to trade on around the world. Read our full Binance Fees review for more information.

Is Binance Safe?

Yes, Binance is a secure exchange to use in Canada outside of the province of Ontario. Binance Canada falls under the regulatory purview of FINTRAC and are ultimately a fully regulated exchange in the country.

Can I buy Safemoon on Binance?

Unfortunately Binance does not yet support Safemoon on their exchange. However, you can deposit Canadian Dollars (CAD) onto Binance and buy Ethereum, then send it do a decentralized exchange to buy the Safemoon Token.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
CAD, USD, AUD, GBP, EUR + 30 More
Binance Cryptocurrencies
Bitcoin, Ethereum, Polygon (MATIC), Cardano, Filecoin, AAVE + 200 more.
Trading Fees
0.1%
Deposit Methods
Interac e-Transfer and Bank Wire
Visit Binance Canada

Coinsquare Review

Coinsquare is a cryptocurrency exchange based in Canada that is tailor made for high-net worth and institutional crypto investores. Their platform offers a wide variety of digital assets agains Canadian Dollars that include Bitcoin, Ethereum, DASH, XRP and many more.

As an institutional-grade exchange, Coinsquare have developed a name for themselves as being the best-in-class with respect to their security procedures. They are regularly touted as the go-to exchange for institutional crypto custody.

Coinsquare Fees

Coinsquare's trading fees are the lowest in Canada at 0.1% per trade on their order book trading platform. If you want to use their easy to use 'instant buy' feature, it is slightly more expensive and costs 0.2% per trade.

You can read more about Coinsquare fees in our extended guide.

Coinsquare Features

As a leading exchange in Canada - Coinsquare offers many features for all different types of investors in the country. This includes an Over the Counter (OTC) desk for institutional investors in Canada, an advanced order type interface for seasoned traders and finally a point and click buy that is friendly for retail investors.

All of this for low fees on Coinsquare, fast verification and a broad range of payment methods is why Coinsquare was, is and will remain the best exchange in Canada.

Is Coinsquare Safe?

Yes, Coinsquare is a 100% proprietary trading platform that is built and operated in Canada. Their cryptocurrency exchange is regulated by FINTRAC in Canada, who are the relevant body that oversees financial transactions in the country.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Canadian Dollars (CAD) only.
Coinsquare Cryptocurrencies
Bitcoin, Ethereum, Ethereum Classic, EOS, XRP, Dogecoin, Shiba Inu and 20 more
Trading Fees
0.1% - 0.2%
Deposit Methods
Interac e-Transfer and Bank Wire
Visit Coinsquare