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The easiest way to buy Bitcoin online.

Buy Bitcoin online in any country. Supporting 80+ payment methods.

Our favourite exchanges from 

Canada

A selection of the easiest, cheapest and fastest cryptocurrency exchanges in country.
Hand picked by the Buy Bitcoin Finder team.

Overall Best

The best exchange in Canada to buy crypto and Bitcoin.

Trading

The best exchange for crypto trading in Canada.

Local

The best local option for crypto investors in Canada.

Buy Bitcoin 

Canada

Buy Bitcoin safely and instantly in Canada through our trusted exchange affiliates and partners.

How to buy Bitcoin

Buying Bitcoin in Canada is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".

Where to buy Bitcoin

Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in Canada. Buy Bitcoin Finder gives order placement preference to exchanges located in Canada, or exchanges that enable the smoothest verification for citizens of Canada.

Easy to use, fast and secure.

Residents of the United States, United Kingdom, Australia, Japan, Canada and other countries can use Coinbase to buy Bitcoins and other cryptocurrencies using a debit card or credit card.

Coinbase provides a simplistic user interface that delivers bitcoin to your account instantly when you buy using a debit card. Coinbase generally charge a fee of 3.99% per transaction.

Payment Methods

Bank Transfer (ACH)
Bank Transfer (SEPA)
Credit Card
Debit Card

Pros

  • Easy way for users to buy Bitcoin and crypto
  • Instant buy available with a debit card
  • The largest and most trusted exchange worldwide

Cons

  • Fees can be high with debit card purchases only.
Ease of Use
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Buy Bitcoin with Coinbase

The premier place to buy Bitcoin in Canada

Coinsquare is the largest and longest running crypto and Bitcoin exchange in Canada. It enables users to easily buy and sell Bitcoin, Ethereum and other cryptocurrencies within minutes in Canada.

They offer low fees, fast verification and many payment methods to buy Bitcoin.

Payment Methods

Bank Transfer
SWIFT

Pros

  • Canada's most prestigious Bitcoin exchange
  • Easy to use platform with portfolio dashboard
  • Low fees, secure and instant CAD deposits

Cons

Ease of Use
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Buy Bitcoin with Coinsquare

Best in class for security and data protection.

Kraken was founded in mid-2011 by long time Bitcoin advocate Jesse Powell and has grown to become one of the world's largest exchanges. Based on volume alone, they are the largest exchange in Europe and the UK.

Kraken is one of the most trusted exchanges worldwide.

Payment Methods

SWIFT
Bank Transfer (ACH)
Bank Transfer (SEPA)
Bank Wire

Pros

  • Very low fees for traders. 0.25% maker and taker fees
  • Best in class for security and data protection
  • Great volume for traders needing liquidity

Cons

  • User interface can be confusing to newbies
Ease of Use
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Buy Bitcoin with Kraken

No Fee Crypto Trading in Canada

Newton boasts the title of being Canada's first no fee crypto trading platform and app.

They offer an extremely sleek user interface for Canadian's to buy, sell and trade over 20 different cryptocurrencies. As a local exchange in Canada, Newton are both PIPEDA compliant and FINTRAC regulated.

Payment Methods

Bank Transfer
Bank Wire
Debit Card
+ Many more

Pros

Cons

Ease of Use
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Buy Bitcoin with Newton

Leading Canadian exchange with low fees and great support

BitBuy is a Bitcoin exchange based in Canada. They are different to most local exchanges in Canada as they are on of the few that allow you to buy Bitcoin and other cryptocurrencies with a Credit Card for relatively low fees. The exchange is well known for their great support team who are available 24/7 through live chat, email and phone.

Payment Methods

Bank Transfer
Credit Card
Interace e-Transfer
SWIFT

Pros

  • Well known for their low fees
  • Great security protocols and reputation

Cons

  • Relatively low buying limits
Ease of Use
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Buy Bitcoin with BitBuy

Buy Bitcoin in minutes in Canada

Shakepay is a new and highly regarded Bitcoin and cryptocurrency exchange based in Canada. They have an easy to use web app and iOS/Android app that enables users to buy Bitcoin and other cryptocurrencies within minutes.

On Shakepay, users can cashin and cashout their cryptocurrencies with no fees, instantly. They offer Interac e-Transfer, EFT & Wire Transfer for deposits and withdrawals.

Payment Methods

Interace e-Transfer
EFT
Bank Wire
+ Many more

Pros

  • Easy to use web and mobile app
  • No deposit or withdrawal fees
  • Based in Montreal, Canada

Cons

  • Only offer Bitcoin and Ethereum
Ease of Use
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Buy Bitcoin with Shakepay

Bitcoin trading platform trusted by the Canadian Government

Coinberry is an exchange based in Canada that offers a sleek and simple user interface on both their web and mobile app that enables users to buy, sell and trade Bitcoin, Ethereum and more.

Notably, they are the only FINTRAC registered and PIPEDA compliant trading platform in Canada.

Payment Methods

Bank Transfer
Interace e-Transfer
Debit Card
SWIFT

Pros

  • Wide variety of payment options
  • Trusted by regulatory authorities in Canada
  • Quick verification times

Cons

  • Coinberry only offers 6 different cryptocurrencies
Ease of Use
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Buy Bitcoin with Coinberry

The premier exchange for institutional investors

Gemini was founded by well known venture capitalists, the Winklevoss twins. They are a New York based Bitcoin exchange that enable residents of the United States, United Kingdom, Canada and more to buy, sell and trade using their exchange.

Gemini offer both a web application and iOS/Android app that enable users to buy Bitcoin and other cryptocurrencies within minutes.

Payment Methods

Bank Transfer (ACH)
Bank Transfer (SEPA)
Bank Wire

Pros

  • The premier exchange for institutional investors
  • Highly regarded security and reputation
  • Easy to use iPhone and Android App

Cons

  • Not available in all US states
Ease of Use
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Buy Bitcoin with Gemini

Buy Bitcoin with a Debit Card or Credit Card Instantly

Coinmama allows users from any country around the world to buy Bitcoin, buy Ethereum and buy Chainlink using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.

If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee. Coinmama is an extremely private and secure option to buy Bitcoin as they will send it to your personal Bitcoin wallet, as opposed to having the Bitcoin or cryptocurrency on a managed and less secure wallet on their platform.

Payment Methods

Credit Card
Debit Card
Bank Transfer (SEPA)

Pros

  • Buy Bitcoin with a Debit Card and Credit Card in any country
  • Highest limit to buy Bitcoin using a Credit Card
  • Reliable and trustworthy exchange

Cons

  • Relatively high fees when using a Debit Card or Credit Card
Ease of Use
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Buy Bitcoin with Coinmama

The Best Bitcoin and Cryptocurrency Exchange in Cayman Islands

CoinField is the best known Bitcoin and cryptocurrency exchange based in the Cayman Islands. They offer an end to end service for all kinds of crypto users including an easy to use exchange with an iOS and Android app, as well as a market leading OTC desk for institutional and high net worth investors.

CoinField are operational across 193 different countries and offer a wide range of payment methods and fiats to onboard into the digital asset space.

Payment Methods

Bank Transfer
Bank Wire
SWIFT
+ Many more

Pros

  • 6 fiat deposit and withdrawal options
  • Offer over 20 different crypto pairs
  • Users can buy Bitcoin with PayPal

Cons

  • The do not offer any of the new DeFi coins
Ease of Use
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Buy Bitcoin with CoinField

The premier exchange for Bitcoin traders

Binance is arguably the world’s largest Bitcoin and cryptocurrency exchange. They offer the best platform for crypto to crypto trades if you are looking to boost your Bitcoin holdings and stack some satoshi’s.

Buy Bitcoin Finder recommends Binance as the best place to trade Bitcoin against other cryptocurrencies for the lowest fees and the deepest liquidity. Binance also offer a Bitcoin Futures trading platform with up to 125x leverage.

Payment Methods

Credit Card
Debit Card
Bank Transfer
+ Many more

Pros

  • The best exchange in the world to trade cryptocurrency
  • Binance offers margin trading, futures and various Bitcoin and crypto pairs
  • Easy to use interface for new traders

Cons

  • Fees for day traders can get expensive if you do not trade using Binance coin
Ease of Use
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Buy Bitcoin with Binance

Buy Bitcoin, stocks, commodities and currencies all in one platform

eToro is a world renown multi-asset brokerage company that allows users to buy Bitcoin as well as buy and trade other cryptocurrencies, stocks, ETFs, currencies, indices and commodities. eToro is well-known for it's "social trading" platform, which gives users the ability to follow popular trader and copy their trades live on the platform.

eToro is a well respected business that is best in class in terms of security and regulation from a global standpoint. eToro is available in most countries around the world including Australia, Canada, United States, United Kingdom, New Zealand and more.

Payment Methods

Bank Transfer
POLi Pay & Osko
Bank Wire
SWIFT

Pros

  • Gold standard in terms of regulation and security
  • Simple user interface for new traders
  • Social trading allows you to copy trade famous traders

Cons

  • It isnt a pure Bitcoin exchange, which results in high fees
Ease of Use
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Buy Bitcoin with eToro

Peer to peer (P2P) Bitcoin exchange

Local Bitcoins is a decentralized exchange that acts as an escrow service to facilitate peer to peer buys and sells of Bitcoin by allowing users to list their own Bitcoin advertisements or trades.

Users can choose to meet and pay in person or online, making Local Bitcoins the most private way to buy Bitcoin. Local Bitcoins facilitates transactions in Australia, New Zealand, United Kingdom, United States, South Africa and virtually every other country around the world.

Payment Methods

Bank Transfer
Cash
SWIFT
+ Many more

Pros

  • The best choice for privacy
  • Requires no personal information
  • Instant purchases available with cash

Cons

  • Users must be careful of scams
  • Slightly higher Bitcoin price than exchanges
Ease of Use
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Buy Bitcoin with Local Bitcoins

CoinCorner is a long running Bitcoin exchange that is bade in the Isle of Man. As an exchange, they are one of the most widely available on-ramps for Bitcoin with users in the United Kingdom, most of Europe, New Zealand, CanadaAustralia, South Africa and certain Asian countries.

CoinCorner offer a variety of payment methods to onboard and require no verification or KYC for purchases under 100 pounds.

Payment Methods

Bank Transfer
Credit Card
Debit Card
+ Many more

Pros

  • Trusted company based in the UK
  • Instant credit card purchases
  • Diverse payment options

Cons

  • 1% fee is higher than standard
  • No transparent pricing before sign up
Ease of Use
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Buy Bitcoin with CoinCorner

Based in Hong Kong, Bitfinex has been one of the longest running and largest USD and USDT (Tether) based Bitcoin exchanges around the world. Bitfinex is a go to exchange for institutional investors, with bank wires being one of the only options to onboard with the cryptocurrency exchange.

Notably, In August 2016, Bitfinex was involved in one of the larger hacks in Bitcoin and cryptocurrency when the lost around 30% of all user funds.

Payment Methods

Bank Wire

Pros

  • A good option for institutional investors
  • Low maker and taker fees

Cons

  • Has been hacked before
  • Limited payment options
Ease of Use
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Buy Bitcoin with Bitfinex

Decentralized Bitcoin exchange

HodlHodl is a global peer to peer Bitcoin exchange, which only requires an email to register. Hodl Hodl have no KYC and are one of the most private exchanges to use alongside other peer to peer exchanges like LocalBitcoins.

Payment Methods

Bank Transfer
Cash
Bank Wire
+ Many more

Pros

  • Buy Bitcoin with no KYC
  • Bitcoin is at competitive prices

Cons

  • Can take a while to buy Bitcoin
  • Relatively new exchange
Ease of Use
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Buy Bitcoin with HodlHodl

Industry Leading Bitcoin Futures Trading Platform

Binance has created an industry leading Bitcoin Futures trading platform that allows users to trade Bitcoin, Ethereum, Chainlink and more against Tether (USDT) with up to 125x leverage. You can open a Binance Bitcoin Futures account anywhere around the world in minutes and gain access to deep liquidity, fast execution and an array of different features.

Click this link for an in depth Binance Futures Review.

Binance have the lowest fees for Bitcoin Futures trading and if you sign up through this link, you will get 10% taken off your trading fees.

Payment Methods

Cryptocurrency

Pros

  • Very low trading fees at 0.1%
  • Deep liquidity on Bitcoin and other cryptos
  • Up to 125x leverage for futures trading

Cons

  • You can only trade against Tether (USDT)
Ease of Use
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Trade Bitcoin Futures on Binance

Bitcoin futures trading platform with 100x leverage

Bybit is a Bitcoin and cryptocurrency futures trading and derivatives exchange that launched in Singapore toward the end of 2018. The Bybit exchange enables traders to trade cryptocurrency perpetual and futures contracts with up to 100x leverage.

Bybit is known for its impressive matching engine, which is capable of up to 100,000 transactions per second. They offer an easy sign up process, great liquidity, a mobile app and most importantly a secure and trusted futures trading platform.

Payment Methods

Bank Transfer
Bank Wire
Cryptocurrency

Pros

  • Easy to use mobile app
  • Great liquidity on cryptocurrencies
  • Well known and trusted brand

Cons

  • Not a wide variety of cryptocurrencies
Ease of Use
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Trade Bitcoin Futures with ByBit

The longest running Bitcoin futures trading platform

BitMEX is one of the longest running and most popular Bitcoin futures trading and Bitcoin derivatives platforms around the world. Unlike many other exchanges, BitMEX offers both perpetual swap contracts and Bitcoin futures contracts.

Signing up to BitMEX is easy, all you will need is an email address, password and country of residence. Fees on the platform are low and futures contracts generally incur a 0.05% fee to settle.

Payment Methods

Cryptocurrency

Pros

  • Up to 100x leverage
  • "Sandbox" environment to practice
  • Good liquidity for Bitcoin futures

Cons

  • Complaints about network latency
  • Liquidation engine has been problematic in the past
Ease of Use
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Trade Bitcoin Futures with BitMEX

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The State of Bitcoin in Canada

Regulation of Bitcoin Canada (and Cryptocurrencies)

Canada allows the use of digital currencies like Bitcoin, however the regulatory authority of Canada does not consider Bitcoin and cryptocurrencies as legal tender. Canada’s tax laws and rules, such as the Income Tax Act, also apply to Bitcoin/crypto transactions. The Canada Revenue Agency has recently provided clarity and classified Bitcoin as a commodity, stating that the use of Bitcoin to pay for goods and services is to be considered a barter transaction.

In summary, buying Bitcoin in Canada and transacting Bitcoin in Canada is completely legal. 

The Canadian Revenue Agency’s view of Tax, Bitcoin and Canada

The Canadian Revenue Agency (CRA) has recently declared that Bitcoin and other cryptocurrencies are taxable as commodities as opposed to traditional currencies. As discussed above, this means that Bitcoin transactions are viewed as barter transactions.

With respect to profits from trading or selling Bitcoin in Canada, this is considered capital gains. This is largely due to the fact that only a part of that profit will be taxable at the applicable rate. Meaning you will only be taxed the amount that you profited from the transaction, for example:

1. John buys 1 Bitcoin in Canada at $10,000 CAD

2. John then sells that same Bitcoin for $12,000 CAD

3. The taxable amount is the $2,000 profit on the 1 Bitcoin


Mining Bitcoin in Canada

Quebec has been popularised as a great area to mine Bitcoin in Canada due to its inexpensive and largely renewable sources of power. For Bitcoin mining to be effective, it essentially requires the most energy at the lowest cost and this is why Bitcoin mining companies have started to build infrastructure in Quebec. The most popular source of renewable energy in Quebec at the moment is hydropower.


Over-the-Counter (OTC) Bitcoin Canada

If you are a high-net-worth individual or institution looking to buy Bitcoin (over $100,000 CAD) - we recommend you check out a Bitcoin over-the-counter (OTC) desk in Canada. Bitcoin OTC desks offer a personalized and secure service that allows you to buy over $100,000 CAD worth of Bitcoin without worrying about getting a bad price.

Buy Bitcoin Finder recommends Coinsquare as the go to OTC desk for Bitcoin in Canada. They offer fast settlement, personalised service, secure gateways to foreign currencies and much more.


The Price of Bitcoin in Canada

Learn more about the Bitcoin price in Canadian dollars here: BTC Price CAD

Or if you are interested in Ethereum, you can learn more about the price of ETH in Canadian dollars here: Ethereum price CAD

FAQs

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Learn more about Bitcoin with our expert resources and guides.

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