Bitbuy – Bitbuy is built for both inexperienced and veteran investors with Express Trade and Pro Trade, available to all users.  With more than 25 of the most popular cryptocurrencies, fair fees, and an easy-to-use interface, Bitbuy is our favorite Canadian cryptocurrency exchange.

There’s a host of reasons to love Bitbuy. It features several cryptocurrencies, can be used for large trades, offers an excellent offline vault, is fully regulated, and contains several features for both first-time and seasoned traders. You can only use Bitbuy in Canada and an e-transfer fee of 1.5% is a bit steep but there aren’t many cons for Bitbuy.

Crypto.com has established itself as one of the most popular global exchanges thanks to its versatility and range of options. You can trade over 100 different cryptocurrencies, trade in options and futures, stake your coins, and utilize high leverage levels for a big payday.

There aren’t too many downsides to Crypto.com except for a 2.99% Visa and Mastercard deposit fee and the lack of some transfer methods for Canadian users. If you’re looking for a well-rounded exchange that lets you tap into several types of coins and investing methods, Crypto.com should be high on your list.

NDAX – If you want to know exactly what you’re investing in, NDAX is the exchange for you. NDAX hosts tons of resources including the history and overview of individual cryptocurrencies. NDAX is also versatile with free deposits, no withdrawal minimum or maximums, and plenty of cryptocurrency options.

NDAX is one of the best exchanges if you don’t want to be inundated with fees. The low fee structure gives you much more freedom to buy, sell, and withdrawal money from your wallet. Whitelisting your address adds an extra layer of protection for investing in a wide range of coins. NDAX does not accept credit or debit cards and can only trade in Canadian dollars.

Shakepay is designed for those dipping their toes into cryptocurrency market. Shakepay simplifies the process with only two available cryptocurrencies and a beginner-friendly website and app.

It’s best to think of Shakepay as Cryptocurrency 101. You get free despots and withdrawals, plenty of resources, and no commissions on transactions. If you want to try out cryptocurrency but want a good beginner lesson than Shakepay’s simplicity and limited options are perfect. Experienced traders or those wanting to invest in a variety of cryptocurrencies will need something beefier than Shakepay.

Trading in currencies can be risky if you get in with a bad player but Wealthsimple is fully covered by Canadian financial regulations. Canadian financial protections and a unique hacking insurance make Wealthsimple one of the safest exchanges in the Canadian market.

Wealthsimple’s highest ranking factor is in regulations and security but it’s also an easy to use and versatile exchange. You can easily transfer funds to and from different investment accounts and try out different currencies, but high trading fees may limit your transactions. Wealthsimple’s Coincover insures your investment but doesn’t allow users to move their currency into a private wallet.

Coinsmart is loaded with cryptocurrency choices and resources to help you navigate the different platforms. Like Bitbuy, Coinsmart is used by both experienced and rookie traders.

Coinsmart offers several great features including 24/7 support, multiple national currencies like the Euro and American dollar, and the ability to trade altcoins without having to trade Ethereum or Bitcoin first. First-time crypto investors will love the Learn and Earn which lets users receive credits while learning about the exchange. If you move your money frequently, Coinsmart’s heavy usage of fees can drag you down.

Newton bills itself as Canada’s first ‘no fee’ cryptocurrency. This rule applies to both fiat deposits and withdrawals and Crypto withdrawals and trades. If you like to trade and move money frequently, Newton is an excellent exchange.

Newton’s primary draw is the lack of fees. You can buy and sell freely without being dragged down or move money into different accounts without being penalized. A combination of no fee structure and over 30 cryptocurrencies make this the best exchange for a high umber of transactions. Newton is a new company with no pro tools available and no live support.

Coinberry is an excellent exchange if you’re getting started and know you only want to deal in Canadian dollars. Because Coinberry is Canada-dedicated they feature zero withdrawal fees and zero deposit fees.

On top of free deposits and withdrawals you can transfer with no exchange fees and only need to pay 0.02% for Litecoin withdrawal. Coinberry’s online platform and accompanying App are highly rated, intuitive, and great for beginners. Coinberry’s major flaw are the trade fees which can go as high as 2.5% compared to the traditional 0.2-0.5% on most exchanges.

Binance is one of the world’s most popular exchanges, so users have access to even the most obscure cryptocurrencies and platforms. Because of its worldwide popularity Binance offers almost limitless exchanges and the ability to use debit or credit cards for purchase.

Binance has an established reputation, offers a variety of crypto services, accepts dozens of currencies, and offers over 350 different coins. If you’re a jetsetter Binance is the best option for you. Binance has one major drawback for Canadians as it’s unavailable in Ontario. If you’re in any other province and want to take your trading to the next level, Binance can get you there.

If it exists, you can trade it on Gemini. Gemini is a versatile exchange offering trading on 75 different cryptocurrencies and a host of extra benefits like crypto rewards.

Whether you’re a first-time trader or stepping up your game, Gemini gives you tons of trading options but a low minimum of order amounts as well as peer-to-peer trading. With Gemini Earn you can get more than 7% annual interest on your current Crypto holdings. Gemini can be a little tricky for new users and fees can be high but if you take advantage of the rewards, it’s worth it for most users.

VirgoCX is a Canadian-based with systems and fees designed around Canadian users. This framework lets VirgoCX offer many types of deposits and withdrawals free of charge.

VirgoCX is a well-rounded currency for Canadian users that saves you tons on fees. VirgoCX charges no fees in account opening, cash deposits and withdrawals, or crypto deposits and withdrawals. With support on over 50 cryptocurrencies and 24/7 live support there’s plenty to like about VirgoCX.

If you’re ready to make cryptocurrency a part of your daily life you’re ready for Mogo Crypto. Mogo Crypto lets you earn 2% in bitcoin rewards through your daily purchases. Every time you buy groceries or get gas and use the Mogo card, you’re earning bitcoin.

Mogo is great for bitcoin newcomers and offers a simple interface to help you buy and sell. Mogo was also Canada’s first carbon neutral exchange with a larger carbon offset than its mining emissions. Mogo might be too simple for some investors as it only allows for sales of Bitcoin and comes with a heavy 1% transaction fee.