The Best 5 Exchanges to Buy Crypto in Canada in 2024

Canada isn’t one of the countries known for their love for crypto, but it’s still quite a popular destination for crypto businesses. The most important crypto businesses are crypto exchanges, therefore it’s good to check which ones are available to Canadians.

Are you living in Toronto, Vancouver, or any of the other provinces in Canada and seeking a reliable crypto exchange to use? Fret not, because this is what we will address in this guide today. There are few things to note though. 

If you’re choosing a crypto exchange, it is important to choose based on who you are, such as your level of experience. Your choice should also depend on whether you wish to invest in several assets at once. With these in mind, here are the best exchanges you can find in Canada.

Coinbase 

Coinbase is by far the most popular crypto exchange in Canada. You can use it to buy and trade over 260 crypto assets with full backing of local regulators. The exchange, though originally from the U.S, continues to serve users globally.

Coinbase’s platform has a user-friendly design that was intended to accommodate beginners in particular. Therefore if you’re a beginner just getting started, this is the recommended platform to use.

It also has a pro version known as Coinbase Pro, which offers advanced tools for pro traders. The fees on Coinbase are relatively high, but if this is not a problem to you then it is a great choice for a platform to start your crypto journey.

Kraken

Kraken is the most secure crypto exchange in the world, with 13 years of existence and no security breach. It is one of the leading platforms in the world and in Canada, where users are also allowed to stake their assets and earn rewards.

Though the platform offers advanced tools for advanced traders, it is also commonly used by beginners to buy and sell crypto assets. Kraken fees are known to be lower than those of most crypto exchanges, which is another appealing thing about it.

The exchange also has over 350 crypto assets listed, making it rich enough for the average investor to explore different assets.

Crypto.com

If you’re looking for a reliable, regulated crypto exchange to use in Canada, Crypto.com could be what you’re looking for. The exchange has a good reputation with regulators globally, which explains its popularity in Canada in spite of its strict crypto stance.

You can also use it to buy and sell crypto assets as a beginner or a pro. As a foremost crypto staking platform, the exchange also allows users to stake their crypto assets and earn handsome interests.

Though its headquarters are in Singapore, the exchange is available to users all over the world and currently serves over 80 million users. You’ll also enjoy remarkably low fees on this exchange.

Gemini

Gemini is a top-ranking American crypto exchange with a big presence in Canada. The exchange is known for its high security, boasting of military grade encryption that makes it hack proof.

As a user, you’ll be able to stake and earn rewards on your crypto assets as well through the Gemini Earn program. The platform suits users of any skill levels, and is available in all of Canada’s 50 states.

The fees on Gemini are however relatively high, which may be a turn off for some potential users. 

Uphold 

Uphold is an excellent crypto investing platform with presence in many countries including Canada. However, the platform is still in the process of receiving full permission to operate in the country.

Therefore potential users will go through a questionnaire to assess their suitability to use the platform. You can use it to buy and trade hundreds of crypto assets as well as other assets such as silver and gold, something most crypto exchanges can’t offer.