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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.
The Best Cryptocurrency Exchanges
Canada
Exchange
Available Fiat
Fees
Top Benefits
Get Started
- USD
- EUR/GBP
- + Many more
- Easy way for newbies to buy Bitcoin and crypto
- Instant buy available with a debit card
- The largest and most trusted exchange worldwide
- USD
- EUR
- +25 more
- 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
- CAD
- USD
- Canada's most prestigious Bitcoin exchange
- Easy to use platform with portfolio dashboard
- Low fees, secure and instant CAD deposits
Compare the best exchanges
You can find and compare the best cryptocurrency exchanges in Canada below. Get a detailed view of which Bitcoin exchange is the best fit for you in Canada.
We have also listed and compared the best Bitcoin Futures Trading exchanges in Canada, where you can trade Bitcoin with up to 125x leverage.
Easy to use, fast and secure.
Residents of the United States, United Kingdom, Australia, 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 bitcoins to your account instantly when you buy using a debit card. Coinbase generally charge a fee of 3.99% per transaction. Get $13 AUD free Bitcoin when you sign up through this link and deposit over $130 AUD.
Pros
- Easy way for newbies 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.
Payment Methods
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.
Pros
- Canada's most prestigious Bitcoin exchange
- Easy to use platform with portfolio dashboard
- Low fees, secure and instant CAD deposits
Cons
Payment Methods
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 United Kingdom.
Kraken is one of the most trusted exchanges worldwide.
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
Payment Methods
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.
Pros
- Well known for their low fees
- Great security protocols and reputation
Cons
- Relatively low buying limits
Payment Methods
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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.
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
Payment Methods
Buy Bitcoin with a Debit Card or Credit Card Instantly
Coinmama allows users from any country around the world to buy Bitcoin 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.
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
Payment Methods
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.
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
Payment Methods
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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.
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
Payment Methods
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.
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
Payment Methods
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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, Canada, Australia, 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.
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
Payment Methods
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.
Pros
- A good option for institutional investors
- Low maker and taker fees
Cons
- Has been hacked before
- Limited payment options
Payment Methods
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
Pros
- Buy Bitcoin with no KYC
- Bitcoin is at competitive prices
Cons
- Can take a while to buy Bitcoin
- Relatively new exchange
Payment Methods
Industry Leading Bitcoin Futures Trading Platform
Binance has created an industry leading Bitcoin Futures trading platform that allows users to trade Bitcoin, Ethereum 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.
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.
Pros
- Very low trading fees
- Deep liquidity on Bitcoin and other cryptos
- Up to 125x leverage for futures trading
Cons
- You can only trade against Tether (USDT)
Payment Methods
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.
Pros
- Easy to use mobile app
- Great liquidity on cryptocurrencies
- Well known and trusted brand
Cons
- Not a wide variety of cryptocurrencies
Payment Methods
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.
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
Payment Methods
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.
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