Canadian users face limited options when it comes to crypto trading. Not every platform is approved to operate in Canada, and many have restrictions on features like leverage, stablecoins, or withdrawals.

This makes finding the best crypto exchanges Canada has access to more difficult than it seems. Users need platforms that support CAD, offer fair fees, and meet local regulatory standards.

 

Top 8 Crypto Exchanges in Canada Reviewed

This guide covers the top choices for Canadian users. Each exchange has been reviewed based on supported coins, fees, trading tools, and legal access in Canada.

 

1. Bitunix

Bitunix is a global cryptocurrency exchange launched in 2022 and based in Dubai. It operates legally in Canada with a Money Services Business (MSB) license from FINTRAC, granted in January 2024. The platform supports over 541+ cryptocurrencies for spot trading and 400+ perpetual contracts, making it one of the more diverse options for Canadian users. Despite being a newer exchange, Bitunix sees over $6.4 billion in daily futures volume, reflecting strong international participation. Spot trading volume remains lower, averaging $537 million.

Bitunix allows up to 125x leverage for derivatives and does not require KYC for trading, offering up to $500,000 daily withdrawal under the no-KYC tier. Higher limits are unlocked progressively with KYC levels. Canadians can fund their accounts using crypto, bank transfers, cards, and Apple Pay, with CAD converted through multi-currency rails.

For active traders, the platform offers copy trading, a built-in Buy Low Sell High bot, and multiple futures order types including TP/SL, trailing stop, and trigger orders. There’s no native token, but new users can access a $5,500 welcome bonus. Bitunix also supports 24/7 live chat and email support. Despite its global growth, the exchange’s short track record, modest spot liquidity, and limited fiat ramps may concern conservative users.

What we like about Bitunix:

• Supported Cryptos: 541+
• Futures Contracts: 400+
• Spot fees: 0.10% maker / 0.10% taker
• Futures fees: 0.02% maker / 0.06% taker
• Max leverage: 125x
• KYC required: No

Looking for full details on Bitunix? Check out our complete Bitunix review.

 

Bitunix Pros and Cons

👍 Pros	👎 Cons
✅ No-KYC with $500K daily withdrawal limit	❌ Not regulated by major authorities
✅ Up to 125x leverage	❌ Smaller user base than top exchanges
✅ User friendly	❌ Not available in China
✅ Easy fiat deposits (card, bank, Apple Pay)
✅ High liquidity ($6.4B+ daily volume)

 

Visit Bitunix!

 

2. BYDFi

BYDFi is a Singapore-based exchange operating since 2019, legally accessible to Canadian users through its FINTRAC registration. It also holds a FinCEN registration in the United States, aligning with both AML and KYC compliance requirements.

Canadian users can access over 801+ cryptocurrencies for spot and 421+ futures contracts for trading, with up to 200x leverage on derivatives. The exchange averages $5.6 billion in daily futures volume, though spot trading remains lighter at $163 million. BYDFi supports advanced tools like grid and martingale bots, copy trading, and demo accounts for practice environments.

Spot trades are zero fee for makers, with 0.10% taker fees. Futures trading is priced at 0.02% (maker) and 0.06% (taker). Fiat deposits are supported through bank transfers, cards, and third-party services like Banxa, Alchemy Pay, and Mercuryo, but fiat withdrawals are not available.

No KYC is required for basic use, with withdrawal limits of up to 1 BTC daily. Higher tiers increase access and limits. There’s no native token, but users can claim a $300 trading bonus. BYDFi is available in English and supports 24/7 live chat and email support, currently rated 8/10.

While BYDFi delivers strong leverage and trading tools, it has a limited fiat pipeline and lower spot liquidity. It also remains restricted in countries like the UK, Pakistan, and Iran.

What we like about BYDFi:

• Supported Cryptos: 801+
• Futures Contracts: 421+
• Spot fees: 0.00% maker / 0.10% taker
• Futures fees: 0.02% maker / 0.06% taker
• Max leverage: 200x
• KYC required: No

Get the full scoop on fees, features, and assets in our BYDFi review.

 

BYDFi Pros & Cons

👍 BYDFi Pros	👎 BYDFi Cons
✅ 801+ Cryptos supported	❌ No staking, lending, or NFT products
✅ Features copy trading, grid bots, demo accounts, and MoonX memecoin tool	❌ Lacks advanced order types
✅ Low fees
✅ Up to 200x leverage
✅ Registered with U.S. FinCEN and Canada FINTRAC
✅ Free demo account

 

Visit BYDFi!

 

3. Coinbase

Coinbase is one of the most established global crypto exchanges, operating since 2012. The Canadian Securities Administrators (CSA) have granted Restricted Dealer status to Coinbase Canada Inc., making it the first international exchange authorized to offer crypto services across all Canadian provinces and territories.

The exchange supports 297+ cryptocurrencies for spot trading, including major assets like Bitcoin, Ethereum, Solana, and Avalanche. There are also 164 futures contracts accessible via institutional offerings. Coinbase requires full KYC and enforces user limits based on verification tiers, with up to $200,000 in daily withdrawal limits for verified accounts.

Coinbase offers Coinbase One in Canada, which includes a 30-day trial of zero trading fees, increased staking rewards, and priority customer support. Fiat deposits are supported in USD, EUR, and GBP through cards and crypto rails. CAD transactions are processed via Interac e-Transfer, integrated through a partnership with Peoples Trust.

While it provides high-grade security and ease of use, Coinbase charges 0.40% maker and 0.60% taker fees on spot trades, making it one of the costlier platforms. It also lacks advanced trading tools such as margin, copy trading, and automated strategies, which limits its appeal to professional traders.

What we like about Coinbase:

• Supported cryptos: 297+
• Futures Contracts: 164+
• Spot fees: 0.40% maker / 0.60% taker
• Futures fees: 0.05% maker / 0.05% taker
• Max leverage: 10x
• KYC required: Yes

Read our in-depth Coinbase review for a full breakdown of what it offers.

 

Coinbase Pros & Cons

👍 Coinbase Pros	👎 Coinbase Cons
✅ Reputable exchange	❌ High trading fees
✅ Very secure crypto trading platform	❌ No Futures
✅ Very beginner-friendly	❌ Lacks advanced trading features
✅ Highly regulated	❌ No live chat support
✅ Euro deposits supported

 

Visit Coinbase!

 

4. BTCC

Founded in 2011, BTCC is one of the longest-running crypto derivatives exchanges. It is licensed by FINTRAC in Canada, allowing it to operate legally and in compliance with AML/KYC standards. The platform maintains a risk reserve fund seeded with 1 million USDT, and allocates 5% of all trading fees to it. Assets are secured through cold wallet storage, 2FA, and whitelisted withdrawals.

BTCC specializes in high-leverage trading, offering up to 500x leverage on futures contracts. It supports over 314 perpetual pairs, alongside 400+ spot cryptocurrencies. While it has recently added spot markets, the exchange remains primarily geared toward derivatives traders.

Copy trading is available, and users can also access forex, stock, and commodity markets, making it suitable for multi-asset strategies. BTCC does not require KYC for basic usage, with a withdrawal limit of $10,000 per day under the no-KYC tier. Higher verification levels unlock up to $1 million in daily withdrawals.

Spot trading fees are 0.20% (maker) and 0.30% (taker), while futures are charged at 0.02% maker and 0.045% taker. The exchange does not support fiat deposits or withdrawals and is not recommended for spot-focused users due to its limited asset selection.

What we like about BTCC:

• Supported cryptos: 400+
• Futures Contracts: 314
• Spot fees: 0.20% maker / 0.30% taker
• Futures fees: 0.02% maker / 0.045% taker
• Max leverage: 500x
• KYC required: No

Explore all features, trading fees, and more in this full BTCC review.

 

BTCC Pros and Cons

👍 BTCC Pros	👎 BTCC Cons
✅ High leverage up to 500x on futures	❌ High spot trading fees
✅ No KYC required for withdrawals up to $10,000/day	❌ No fiat withdrawal support, crypto only
✅ Supports copy trading and demo accounts
✅ Offers forex and commodity trading options
✅ Strong proof-of-reserves ratios (135% in June 2025)

 

Visit BTCC!

 

5. BloFin

BloFin is a Cayman Islands-based crypto exchange known for its high-frequency trading tools and low-fee derivatives. The platform is ISO 27001 certified and integrates with Fireblocks and Chainalysis, enhancing custody and compliance protections for users in regulated environments like Canada.

Although the exchange is currently not accessible to Canadian residents, it remains widely used by Canadian traders accessing through alternate means. BloFin supports 564+ spot assets and 440+ perpetual contracts, with up to 150x leverage on derivatives. The average daily futures volume exceeds $9.7 billion, while spot activity remains around $433 million.

No KYC is required for up to $20,000 daily withdrawals, making it suitable for mid-size non-custodial traders. Supported deposit methods include credit/debit cards, Google Pay, Neteller, and SEPA via providers like Alchemy Pay, Simplex, and Unlimit. Fiat withdrawals are not supported.

Fees are competitive, with 0.10% maker/taker on spot, and 0.02% maker / 0.06% taker on futures. BloFin also features Demo trading, Signal, TWAP, and Grid bots, designed for automated trading strategies. Live support is available 24/7, with user satisfaction rated at 9/10.

What we like about BloFin:

• Supported cryptos: 564+
• Futures Contracts: 440+
• Spot fees: 0.10% maker / 0.10% taker
• Futures fees: 0.02% maker / 0.06% taker
• Max leverage: 150x
• KYC required: No

Don’t miss our full BloFin review; fees, tools, and supported tokens covered.

 

BloFin Pros and Cons

👍 BloFin Pros	👎 BloFin Cons
✅ No-KYC exchange with global access (incl. US, UK, Canada)	❌ Relatively new
✅ Supports 564+ spot cryptocurrencies and 440+ futures contracts	❌ Fiat withdrawals are not supported
✅ Up to 150x leverage on futures	❌ Liquidity depth is moderate
✅ Bot trading supported
✅ Full Proof of Reserves
✅ Customer support is available 24/7 via live chat and email

 

Visit BloFin!

 

6. Gemini

Gemini is a U.S.-based crypto exchange founded in 2014 by Tyler and Cameron Winklevoss. Known for its compliance-first approach, the platform is fully licensed and offers a secure environment for crypto trading.

The exchange supports 77+ cryptocurrencies for spot trading and 23 futures contracts, with leverage of up to 20x on derivatives. Fiat deposits are accepted in USD, GBP, EUR, and several additional currencies. Funding options include cards and crypto, though fiat withdrawals are not supported for all regions.

Gemini charges 0.25% maker and 0.35% taker fees for spot trading, while futures are priced at 0.02% maker / 0.07% taker. The platform does not support margin, copy trading, or automation tools. It also requires full KYC, with verified users allowed up to $100,000 in daily withdrawals.

The exchange includes staking support, institutional custody, and integrates well with regulated financial infrastructure, but its high fees and limited asset selection make it better suited for basic traders than advanced users.

What we like about Gemini:

• Supported cryptos: 77+
• Futures Contracts: 23+
• Spot fees: 0.25% maker / 0.35% taker
• Futures fees: 0.02% maker / 0.07% taker
• Max leverage: 20x
• KYC required: Yes

Need more info? Dive into our complete Gemini review for details.

 

Gemini Pros & Cons

👍 Pros	👎 Cons
✅ Beginner-friendly with a clean, intuitive interface	❌ Fees are higher than many competitors and can be confusing
✅ Available across all 50 U.S. states, including New York	❌ Limited cryptocurrency selection on both spot and futures markets
✅ Highly rated mobile app with both simple and advanced modes	❌ Customer service limited to chat and email, no live phone support
✅ Earn up to 5.76% APY on supported assets with Gemini Earn	❌ Derivatives trading unavailable in the U.S.
✅ Licensed New York trust company with strong regulatory oversight	❌ Staking options are restricted compared to other exchanges
✅ Pay with crypto at participating merchants via Gemini Pay
✅ Extra account protection with hardware security key support

 

Visit Gemini!

 

7. VirgoCX

VirgoCX is a Canada-based exchange operating under FINTRAC registration and holds Restricted Dealer status with the CSA, allowing it to legally serve users across all provinces. The platform supports 46+ cryptocurrencies for spot trading but does not offer staking, derivatives, or automated strategies. It recently launched VirgoPay, a stablecoin-powered remittance system in partnership with Vaulta, aimed at simplifying international money transfers.

VirgoCX applies trading spreads instead of fixed fees. For Tier 1 assets like BTC and ETH, the spread is 0.95%, while Tier 2 assets incur 1.6%. These spreads cover custodial costs via Coinbase Custody, along with platform overhead.

The exchange is designed for Canadian users prioritizing local compliance and CAD support. However, the lack of advanced trading features and higher spreads may deter cost-sensitive or professional traders.

What we like about VirgoCX:

• Supported cryptos: 46+
• Futures Contracts: Not supported
• Spot fees (Spread-based): 0.95% (Tier 1), 1.6% (Tier 2)
• Futures fees: Not supported
• Max leverage: Not supported
• KYC required: Yes

Everything you need to know, read our full VirgoCX review here.

 

VirgoCX Pros and Cons

👍 Pros	👎 Cons
✅ Regulated under CSA + FINTRAC	❌ Fiat funding only in CAD and USD
✅ Convenient free fiat deposits and withdrawals	❌ Operates only in Canada
✅ Supports both Canadian and U.S. dollars	❌ Only 46+ supported cryptocurrencies
✅ Ideal for both beginners and experienced crypto traders	❌ No staking, margin, or futures
✅ Strong referral program
✅ Versatile platform that caters to OTC, NFT, and FX transactions
✅ Offers VirgoPay for stablecoin remittances
✅ Mobile app for on-the-go trading and monitoring

 

Visit VirgoCX!

 

8. Kraken

Kraken is a U.S.-based cryptocurrency exchange established in 2011, known for regulatory alignment and strong liquidity. It operates legally in Canada through a Restricted Dealer registration granted by the Ontario Securities Commission (OSC) and the CSA, along with a FINTRAC license under Payward Canada Inc.

Canadian users can fund their accounts via free Interac e-Transfer deposits, making it one of the few major exchanges to offer zero-fee CAD transfers. Kraken supports 516 cryptocurrencies for spot trading and 348 perpetual futures contracts, with up to 50x leverage.

The exchange charges 0.16% maker and 0.26% taker fees on spot trades. Futures are priced at 0.02% maker / 0.05% taker. Kraken does not support copy trading, P2P, or automated bots, but offers staking and demo trading for supported assets.

While Kraken’s structure suits professional users looking for regulated environments and high-volume markets, its user interface and limited retail features may not appeal to first-time crypto traders.

What we like about Kraken:

• Supported cryptos: 516+
• Futures Contracts: 348
• Spot fees: 16% maker / 0.26% taker
• Futures fees: 02% maker / 0.05% taker
• Max leverage: 50x
• KYC required: Yes

Want all the details? Read our full Kraken review right here.

 

Kraken Pros & Cons

👍 Kraken Pros	👎 Kraken Cons
✅ FCA-registered and operational since 2011	❌ Futures leverage capped at 50x
✅ Strong security record and proof-of-reserves transparency	❌ No copy trading or advanced automation tools
✅ Offers staking, margin trading, and educational tools
✅ GBP deposits and withdrawals via Faster Payments

 

Visit Kraken!

 

How to Select a Crypto Exchange in Canada

Choosing the right platform matters. Each exchange has different rules, features, and costs. Here are the key factors to consider when evaluating the best crypto exchanges Canada supports:

 

1. Fees

Check the trading, deposit, and withdrawal fees before signing up. Some exchanges charge a flat rate, while others use a maker-taker model. Be cautious with platforms advertising “zero fees”, they often charge hidden spreads between the buy and sell price.

For low-cost trading, platforms like BYDFi, Bitget, and Bitunix offer some of the most competitive rates in Canada.

 

2. Customer Reviews

Real user feedback helps reveal what the website won’t. Look for platforms with consistently positive reviews, especially regarding customer support, platform reliability, and withdrawal times.

 

3. Coin Availability

Make sure the exchange actually supports the coins you want to trade. Some only offer large-cap assets, while others list hundreds of altcoins. If you’re interested in broader access to newer tokens, consider platforms like Bitget or BloFin.

 

4. Deposit & Withdrawal Methods

Verify which fiat deposit methods are available. Options may include credit/debit cards, Interac e‑Transfer, SEPA, or crypto-only funding. If flexibility matters, choose platforms that support CAD deposits and offer multiple cash-out options.

 

5. Custody Control

Some exchanges let you withdraw all your assets freely. Others limit off-platform transfers or hold full control (custodial). If you want full ownership, look for non-custodial exchanges or those that allow direct wallet withdrawals.

 

6. Security

Choose exchanges with strong security features; cold wallet storage, 2FA, and whitelisting. Don’t store large balances on any platform. Use offline wallets to reduce exposure, and always back up your recovery keys securely.

 

7. Trading Volume & Liquidity

Higher trading volume means better liquidity. This ensures smoother order execution and less slippage. If you’re trading large amounts or use limit orders, volume matters. Low-liquidity markets can cost you in execution price.

Also check whether the exchange offers margin, limit orders, or other advanced trading tools, especially if you’re an active trader.

 

Bottom Line

Choosing a crypto exchange in Canada requires more than just comparing fees or checking how many coins are listed. Regulation, fiat access, withdrawal limits, and platform transparency all play a role in shaping your experience.

Each platform reviewed above meets different needs. Some focus on low fees, others on regulatory clarity or advanced trading tools. Before creating an account, consider what features matter most to you, whether it’s fast onboarding, high leverage, or simplified CAD deposits.

The right decision will come down to how well the platform fits your goals and how much control you want over your assets. Taking the time to make an informed choice now can help you avoid unnecessary costs and risks later.

 

FAQs

1. Is cryptocurrency trading legal in Canada?

Yes. Trading cryptocurrencies is legal in Canada. Exchanges must register with FINTRAC and, in many cases, with the CSA as Restricted Dealers to operate lawfully.

 

2. How can I avoid scams on crypto exchanges?

Stick to platforms that are registered with Canadian regulators. In this article, exchanges like Coinbase, Kraken, and VirgoCX are fully compliant. Avoid using unlicensed platforms or those that limit withdrawals without warning.

 

3. Is Coinbase safe for Canadian users?

Yes. Coinbase is fully registered in Canada with both FINTRAC and the CSA. It supports Interac e‑Transfer and offers security features such as cold storage and two-factor authentication.

 

4. Which crypto exchanges are approved in Canada?

Among the exchanges listed in this article, the following are authorized to operate in Canada: Coinbase, Kraken, VirgoCX, BTCC, Bitunix, and BYDFi. These platforms are either FINTRAC-registered or hold CSA approval.

 

5. Do I have to pay tax on crypto in Canada?

Yes. Cryptocurrency is considered a taxable asset in Canada. Profits from trading, selling, or converting crypto are subject to capital gains or income tax, depending on how you use it.