Provider
Bank Transfer
Visa/Mastercard
Available Crypto
Our Score
YES
NO
  • Bitcoin
  • Ethereum
  • Ripple
  • +4 more
YES
YES
  • Bitcoin
  • Ethereum
  • DASH
  • + 37 more
YES
YES
  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • +7 more
YES
YES
  • Bitcoin
  • Ethereum
  • Monero
  • + 210 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 80 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 30 more

Cryptocurrencies have become extremely popular all over the world. While most news regarding the topic does still come out of the US, crypto trading- or regulation-related discussions are happening everywhere else, as well. With that point in mind, in this article, we’re going to try to find the best crypto exchange Canada.

Our list today will include two types of platforms - Canadian crypto exchanges, and also exchange services that are based out of the country, but still offer their services to residents of Canada. Before that, though, it’s actually worth clearing some things up, and establishing a clear idea of Canada’s stance on all things crypto.

The list in question, however, will look like so:

Canadian Crypto Regulations: Is Crypto Legal, or Banned?

Before we can start digging deeper into the list of options for best crypto exchange Canada, evidently, the most important fact to establish is this - is crypto legal in the country, in general?

Well, yes - very much so, actually!

While there are rules and regulations in place that prevent even the best Canadian crypto exchanges from being able to offer their users decentralized trading capabilities, the country is actually a leader in regards to crypto-related laws. Cryptocurrencies have been officially taxed in Canada since 2013 - a long time before many other countries even acknowledged their existence!

While being the spearhead in all crypto-related questions, though, Canada has always remained cautious regarding the topic. Many people question is cryptocurrency legal in Canada simply due to the fact that there are a lot of scams still happening in the industry, to this very day.

Best crypto exchange Canada: Toronto, CA.

In order to avoid the aforementioned scams, though, it’s important that you use only the best crypto exchanges in Canada. This includes both those platforms that have established themselves within Canada itself, and others that offer Canadian citizens the ability to trade on them.

Admittedly, a huge portion of the best crypto exchanges in Canada are going to be the best exchange platforms to use for all of your crypto trading, overall, and no matter where you’re based. This is because, due to Canadian laws, the top KYC-enforcing exchanges on the market are able to operate within the country, without many hurdles.

That being said, though - what are the main features that you should be looking for?

Best Crypto Exchange Canada: Evaluation Criteria

Evidently, there are no features that would be specific to a Canadian crypto exchange, or the best exchange platform operating in Canada, that wouldn’t be expected from an exchange that’s located anywhere else.

If Canada had different crypto laws, sure - exchanges that fail to comply with them would likely be banned from operating in the country. However, if you’re not looking for a decentralized way to trade, and are willing to pass all of the mandatory KYC verification checks, the list of possibilities becomes much broader.

Best crypto exchange Canada: a man in front of a laptop with some graphs.

At the top of the things that you should be looking at, you’ll find security - this one goes without saying. There is nothing more important when trading crypto than how secure and reliable the exchange is. All of the best crypto exchanges in Canada should possess the toughest security features, no matter the context.

Next up, coin and token variety. No matter if you’re a DCA-type of a person, or someone who is aspiring to become a successful day trader, you’re probably going to want to find an exchange that allows you to trade multiple different token pairs.

While you might only be interested in Bitcoin or Ethereum at the beginning, with time, those interests may broaden - it’s more convenient to be able to purchase all of your favorite altcoins on the same platform!

Best crypto exchange Canada: a man working on his crypto investment portfolio.

Following that, don’t forget to check the fees of the best crypto exchange Canada that you might think about using. Some platforms offer decent fee models, others are a bit more expensive in that regard - whatever the case might be, fees are something that can really cut into your potential profits, so it’s definitely a topic worth addressing.

Lastly, you should also consider whether or not the exchange supports credit card and bank transfer payments, and just how beginner-friendly it is, in the grand scheme of things.

All of that being said, let’s move on to the list and find the best cryptocurrency exchange in Canada!

1. Binance - The Most Popular Cryptocurrency Exchange in the World

Ranks #1 out of 7 Crypto Exchanges

Verified Staff Pick

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Expiration date: 12/12/2022
2817 People Used
Only 46 Left
Rating
5.0

If you’re not fixated on finding the best Canadian crypto exchanges, and are willing to use a platform that isn’t specifically based within the country, in most cases, Binance is going to be the way to go.

If you have any experience in the field of crypto, or have spent at least a day researching the topic, the name shouldn’t sound unfamiliar. Binance is often considered to be the most popular cryptocurrency exchange platform in the world - whether you’d be from Canada, the US, or the middle of the EU, you can’t really go wrong by picking and using Binance as your primary crypto trading platform.

What makes it so great? Truth be told, Binance has all of the core features and aspects of a reliable exchange platform covered!

Best crypto exchange Canada: Binance.

For starters, it’s the leader in the industry, as far as security and regulation compliance are concerned. Binance employs strict KYC verification for all of its users - if you want to trade or purchase crypto coins on the platform, you’ll need to verify your identity before you do so.

While we won’t get into the discussion of centralization and decentralization, suffice to say that Binance’s stance is definitely that which is much better-approved by regulators, including those in Canada.

Another factor that makes Binance one of the best crypto exchanges in Canada is the variety of coins and tokens that you’ll be able to trade on the platform. Binance houses a huge number of cryptos - everything from Bitcoin, Ether, and ADA, all the way to ERC-20 and BEP-20 tokens, as well!

Fee-wise, naturally, Binance is also at the top. It enforces up to 0,1% trading fees on its customers. Needless to say, such fees are very decent, especially given all of the other perks available on the exchange!

BINANCE

Analytical Tools

Mobile App

Security

|
|
|
|
|
Very Poor
Average
Excellent

Social Trading

Copy Trading

Additional Features

A Comprehensive User Center that Displays All The Information You Need in One Place

Anonymity

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Table: The features of the Binance cryptocurrency exchange

Are you interested in the best crypto exchange Canada because you’ve been looking for a way to trade NFTs? If so, I’ve got even better news for you - once you register and pass the KYC checks on Binance, in addition to trading, you will also be able to use the Binance NFT Market - a place where people can create and trade BEP-based non-fungible tokens!

All things considered, Binance is undoubtedly one of the best crypto exchanges in Canada. While not being a Canadian exchange per se, it still has no issues operating within the country, since Binance complies with all of the crypto regulatory standards enforced by the Canadian government and lawmakers. Definitely a platform worth checking out!

Visit Binance
...or read our Binance review

2. BitBuy - The Best Canadian Cryptocurrency Exchange

Ranks #2 out of 7 Crypto Exchanges

Are you looking for the best Canadian crypto exchange? If that’s the case, naturally, your go-to option should be BitBuy.

If you frequent the Canadian crypto scene, you might have heard about BitBuy - otherwise, it’s not a very well-known exchange platform. This is because the exchange is only available to be used in Canada, and only if you have a Canadian phone number.

This isn’t ideal if you reside somewhere else in the world - at the same time, it’s great news for anyone who’s looking for the best Canadian cryptocurrency exchanges!

Admittedly, being based in Canada doesn’t automatically result in BitBuy being a reliable and noteworthy platform. Thankfully, it is - this is echoed by many user reviews, as well!

Best crypto exchange Canada: BitBuy.

BitBuy enforces strong security features, both in regards to your crypto wallet, and also any personal information that might be present on the site, too. The platform is constantly being audited, and follows all of the regulations and rules enforced within the country.

This is another point worth considering, as well. Granted that BitBuy is a Canada-based exchange, it is able to comply with all of the regulations present within the country, and also update their service model anytime that a new law gets passed into existence.

This is very notable, since it allows all of the platform’s users to remain calm and assured that they’re using an official, legitimate crypto exchange.

Considering other features that make BitBuy one of the best Canadian crypto exchanges, the platform has a functional mobile app that allows you to trade on the go, is quite simple to use even if you’ve never traded crypto before, and offers fiat currency support, too.

Best crypto exchange Canada: cryptocurrencies available on BitBuy.

The only “negative” aspect that can be associated with BitBuy is that it only supports 9 crypto assets. Naturally, these include cryptocurrencies such as Ether and Bitcoin, and also some of the less-known assets, such as AAVE or EOS.

All things considered, if you need the best Canadian crypto exchange, BitBuy is certainly going to be your best bet here. This is both in regards to the fact that the platform is based in Canada, and also due to all of the features that it provides to its users. Definitely worth checking out!

Visit Bitbuy
...or read our Bitbuy review

3. Kraken - A Wide Range of Supported Cryptocurrencies

Ranks #3 out of 7 Crypto Exchanges

Verified Staff Pick

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Expiration date: 12/12/2022
8766 People Used
Only 59 Left
Rating
5.0

Kraken is a US-based cryptocurrency exchange. It’s often listed as one of the best exchanges, overall, since it’s supported in a wide list of countries worldwide. With Canada being one of these countries, Kraken automatically becomes one of the best crypto exchanges in Canada, for a selection of different reasons.

For starters, Kraken supports over 150 different crypto coins and assets. Compared to many other exchanges that operate or are based in Canada, this is a huge number! Naturally, it includes all of the main cryptocurrencies, and also a wide array of different tokens, as well!

This token and coin variety makes Kraken a contender for the spot of the best cryptocurrency exchange in Canada for any traders who are still uncertain about what coins they’d like to trade, and want to keep their options less limited.

Best crypto exchange Canada: Kraken.

Kraken is also considered by many to be a beginner-friendly gateway into the world of crypto trading. The exchange has both a desktop interface, and a handy mobile app where you can access your wallet, and participate in trades. Both of these interfaces are very intuitive and simple to navigate through, and shouldn’t cause any sort of confusion to the user.

While this probably doesn’t need to be exclaimed, Kraken complies with all of the regulations set by the Canadian government. Using the platform, you will be able to remain assured that you’re not breaking any laws, especially since the exchange in question enforces strict KYC checks for all of its customers. It wouldn’t really appear on any “best crypto exchange Canada” lists if it didn’t!

Additionally, the fees over at Kraken are some of the best ones that you might come across. They range all the way from 0% on all of your trades, to 0,26% per transaction. Even with the latter number, this is still pretty good!

KRAKEN

Pros

  • Secure and reliable
  • Low fees
  • A good amount of fiat currencies accepted

Cons

  • Not the most helpful customer service

Value For Money

Customer Support

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Table: The pros and cons of the Kraken cryptocurrency exchange

The downside of using Kraken as your option of the best crypto exchange Canada is the fact that you won’t be able to trade some specific crypto tokens in the country, and use a few services otherwise available on the exchange. The limits aren’t *too* harsh, but if you wanted to trade tokens such as SUSHI, this won’t be possible.

All of that being said, Kraken is definitely one of the better choices, as far as Canada-based crypto trading goes!

Visit Kraken
...or read our Kraken review

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

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4. Coinmama - Simple to Use, Non-Custodial

Ranks #4 out of 7 Crypto Exchanges

Verified Staff Pick

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Expiration date: 12/12/2022
2375 People Used
Only 92 Left
Rating
5.0

Coinmama is a relatively rare name among the different user “best crypto exchange Canada” lists. While it might not be as well-known as major crypto exchanges such as Kucoin or Binance, Coinmama still has a lot of beneficial features to offer to its users.

One of these features involves simplicity and ease of use. Crypto enthusiasts who use Coinmama note that the platform is going to be oriented around both beginner traders, and also those who are more advanced in the field. This is because, while you can keep things simple, you may also choose to use some of the advanced features of the platform.

Availability-wise, it would appear that Canadians should be able to trade cryptos on Coinmama without many issues or restrictions. While this might change at any point in time due to the ever-changing nature of the crypto regulation space, it’s good to know that, for now, you can use Coinmama without any major restrictions!

Best crypto exchange Canada: Coinmama.

Well, this is if you don’t count the restrictions imposed by the platform itself. Specifically, Coinmama supports only around 10 different cryptocurrencies. This is a pretty small number of coins, and will likely prove to be an issue if you’re not looking for just the main crypto assets.

On top of that, you won’t really be able to trade cryptocurrencies on Coinmama, per se. More specifically, Coinmama only allows you to ‘purchase’ crypto coins with fiat money - you can’t perform crypto-to-crypto trades.

This is a notable con! If you’re looking to DCA your way into the market, it doesn’t really matter - however, if you want to be an active trader of different cryptocurrencies, this will prove to be an issue.

Naturally, you could just purchase some coins on Coinmama, and then trade them on a different exchange. No matter if you’re looking for the best crypto exchange in Canada, or a high-end exchange, in general, this is often a less-than-ideal option.

Something that might flip the above-given points around is the fact that Coinmama is a non-custodial exchange. What this means is that it has no built-in wallet service of its own - instead, it’s one of those best crypto exchanges in Canada that do not hold their users’ funds, and requires said users to use a wallet of their own.

COINMAMA

Analytical Tools

Mobile App

Security

|
|
|
|
|
Very Poor
Average
Excellent

Social Trading

Copy Trading

Additional Features

-

Anonymity

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Table: Some of the main features of the Coinmama cryptocurrency exchange

While it may sound inconvenient, this is actually a great thing! It resembles a decentralized way of trading, and is a huge factor for those who are worried about the security side of a crypto exchange.

The only single point that’s yet to be mentioned are the fees that you’ll come across over at Coinmama. Unfortunately, while this might be a contender for the spot of the best crypto exchange Canada, it’s not because of some amazing fees that the platform would provide - Coinmama charges up to 3.81% for buying crypto, and up to 3.90% for selling your coins.

The fees are big - that’s for sure. However, if you want to use a non-custodial exchange in Canada in order to buy and sell cryptocurrencies, then Coinmama still remains one of the better options, nonetheless.

Visit Coinmama
...or read our Coinmama review

5. KuCoin - An Exchange for Advanced-Level Traders

Ranks #5 out of 7 Crypto Exchanges

Verified Staff Pick

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Expiration date: 12/12/2022
3827 People Used
Only 41 Left
Rating
5.0

KuCoin isn’t one of the Canadian crypto exchanges - however, it’s still often referenced as a platform that’s quite popular in Canada, nonetheless. There are a few different features that make this cryptocurrency exchange stand out from the crowd.

One of these features is that KuCoin allows users to earn interest on the crypto assets that they store on the platform. Meaning, you can both trade your cryptos, and also earn a passive income simply by keeping the coins on your KuCoin account. That’s a rare perk!

Best crypto exchange Canada: KuCoin.

Something that is also rare in the crypto trading industry is proper customer support. There are a couple of reasons why that’s the case, with the main one being the fact that many crypto exchanges are decentralized, and thus, offer no customer support (all processes on the are automated with the help of smart contracts).

Some of the better-known platforms, such as Binance or Kucoin, do have customer support services - needless to say, they are more than appreciated. The same is true for KuCoin, as well! Customers note that the exchange in question houses some very helpful and understanding support agents, and that this service is truly one of the highlights of the platform in question.

If you’d like to trade cryptocurrencies on KuCoin, you will also be able to enjoy some of the lowest fees on the entire market. While they will surely vary, for the most part, you should face around 0.1% fees with all of your trades. This means that you’ll be able to save a lot on all of your trades, which will, in turn, maximize your potential profits.

Being one of the best crypto exchanges in Canada, KuCoin also houses a huge list of different cryptos for you to trade. There are close to 300 different coins and tokens that you may access on the platform - quite a few more than with many of the platform’s competitors!

KUCOIN

Overall Score

9.1

Best For

Best for Buying & Selling Crypto with Small Fees

Operating Countries

US, EU, AS, AF

Latest Coupons

All Kucoin Coupons

Verdict

A reliable and well-established cryptocurrency exchange platform.
Visit site
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Table: Some general information regarding the KuCoin crypto exchange

One of the more-interesting features of KuCoin is the fact that it’s oriented towards experienced crypto traders. You’ll find a lot of advanced features available with the exchange, many of which are going to be useful for all individuals who are planning to participate in crypto trading for a long time to come. This does, however, mean that crypto newbies might have a difficult time figuring the platform out.

All of that being said, KuCoin is definitely one of the best crypto exchanges in Canada - while it does have some quirks associated with it (no fiat withdrawals, difficulty of use, etc.), the benefits far outweigh the cons.

Visit Kucoin
...or read our Kucoin review

6. CEX.io - A Very Beginner-Friendly Cryptocurrency Exchange

Ranks #6 out of 7 Crypto Exchanges

CEX.io is an amazing exchange option for anyone located in Canada. The cryptocurrency exchange allows Canadians to trade cryptos on the platform in a hassle-free manner, and comes equipped with a variety of great perks and benefits.

The most obvious of these perks is going to be ease of use. CEX is very beginner-friendly - it possesses a very straightforward user interface, which can be used to trade cryptos, access your wallet, and withdraw funds - all in quick and super-simple ways!

Best crypto exchange Canada: Cex.io.

CEX isn’t only beloved by beginner traders, though. The exchange does offer advanced functionality to anyone who’s interested, but doesn’t make it a point to show these complex features to every single user. Instead, they can be found in a separate section of the website or app.

That’s the other thing, too - CEX has both a desktop version of the exchange, and also a mobile app. The app is perfectly-optimized for all of your potential trading wants and needs, and can be used on the go - great news for active traders!

It wouldn’t really be an option for the best crypto exchange Canada if it didn’t have advanced security features, though! CEX is widely considered to be a very reliable crypto trading platform - it comes with all of the essential security features, such as two-factor authentication, email notifications, and so on.

Fee-wise, CEX is awesome, too! Depending on a few different factors, Canadian traders can expect to encounter fees anywhere from 0%, up to 0,25%. This, in turn, places CEX up there with the best exchange platforms, at least when it comes to transaction fees.

CEX.IO

MasterCard

Wire Transfer

Card

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Table: The different payment methods available on CEX.io

Now, while CEX does support a good variety of trading pairs, the single complaint that some users have regarding the platform is that there’s a limited number of coins available to be traded and exchanged. This limit isn’t very, well… Limiting, for most individuals - however, if you’re in need of some very niche tokens, then CEX might not necessarily be the best option for you.

Still, though - in a general sense, CEX.IO is an amazing exchange platform, and is definitely worth checking out for anyone who’s looking for the best crypto exchange Canada!

Visit CEX
...or read our CEX review

7. Coinbase - Ideal for Beginners

Ranks #7 out of 7 Crypto Exchanges

Verified Staff Pick

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Expiration date: 12/12/2022
4989 People Used
Only 11 Left
Rating
5.0

Coinbase is a very well-known cryptocurrency exchange platform, all around the world. While it isn’t supported in all countries worldwide, granted that it’s on this “best crypto exchange Canada” list, you can probably be sure that this isn’t an issue that Canadians will face.

Coinbase is primarily known for the simplicity factor that it applies to all of the different operations that you might be performing in your trading ventures. It’s one of the easiest-to-use exchanges out there - you can have absolutely zero experience with crypto trading, and face no issues whilst using the platform.

At the same time, Coinbase is no “one-trick pony”, either. The exchange is very respected within the industry, both in regards to the security features that it offers to its users, and also all of the different cryptos supported on the platform.

Best crypto exchange Canada: Coinbase.

While exchanges such as Binance are going to offer a broader range of supported coins and tokens, Coinbase does still have a pretty decent variety of crypto that you can trade and exchange. These include some traditional cryptocurrencies (i.e. BTC, ETH, XRP), stablecoins (i.e. DAI), and even specific tokens, too (i.e. BAT).

It would be difficult to call Coinbase one of the best crypto exchanges in Canada if it didn’t offer fiat currency support! However, you can easily fund your fiat wallet with a credit or debit card, or via a bank transfer - this is convenient, and also very beginner-friendly, as well.

As far as the negatives are concerned, users of the brokerage platform tend to point out two things - the fact that Coinbase does not support a lot of the more-niche coins on the market, and also the fees that the platform employs for all of its transactions.

Niche token-wise, you won’t really find a wide variety of choice here. While the platform does support some altcoins, if you’re looking to day-trade some new coins or tokens, this won’t be possible with Coinbase. The exchange is usually viewed as a great place to start out your crypto journey, but isn’t generally suitable for advanced-level traders who require a large variety of tokens for their trading purposes.

COINBASE

Overall Score

7.5

Best For

Best for Buying Cryptocurrencies With Your Fiat Money

Operating Countries

US, EU, AS, AF, Australia

Latest Coupons

See All Coupons of Best Exchanges

Verdict

A reliable, well-known and respected cryptocurrency exchange platform.
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Table: Some general information about the Coinbase crypto brokerage platform

On the fee side of things, Coinbase will charge you anywhere from 1,49% up to 3,99% for your trades and crypto acquisitions. Truth be told, those are some significant fees - some of the biggest in the industry!

If this was a major issue for investors and traders, though, Coinbase wouldn’t really be featured in multiple “best crypto exchange Canada” lists. Instead, these fees are mitigated by the level of service that the exchange provides, and also the fact that it’s seen as one of the most reliable options in the industry!

If you’re no longer wondering is cryptocurrency legal in Canada, and are open to using an out-of-country exchange, Coinbase should definitely be high up your list. Note, though, that, same as with other crypto exchanges on this list, you’ll need to pass all of the KYC-related verifications before you can begin trading!

Visit Coinbase
...or read our Coinbase review

Conclusions

This concludes our list of the best Canadian crypto exchanges, as well as the best crypto exchanges in Canada that aren’t necessarily based within the country.

All seven of the platforms discussed on the list above are bound to provide their users with some amazing functionality, multiple coin support, advanced trading features, and top-tier security. Each of the exchanges have their own, unique features, as well, and your choice might ultimately depend on this aspect alone.

On top of that, all of the exchanges discussed above are also legal in Canada - while the laws aren’t always completely obvious, the fact of the matter remains the same! If you reside within the country, and want to start trading cryptocurrencies, there are no better options than one of those listed above!

LEDGER NANO X TREZOR MODEL T

Overall Score

9.8
9.6

Wallet Type

Hardware Hardware

Best For

Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies Best for Easily Control Funds, Manage Balance and Initiate Transfers

Latest Coupons

All Ledger Nano X Coupons All Trezor Model T Coupons

Verdict

One of the best hardware cryptocurrency wallets ever made. One of the most-secure cryptocurrency hardware wallets on the market.
Visit site
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Table: General information about the Ledger Nano X and Trezor Model T hardware cryptocurrency wallets

Do keep in mind that, if you’re going to start trading cryptos, you’re also going to need a reliable cryptocurrency wallet, as well. Make sure to check out Ledger or Trezor - these two hardware cryptocurrency wallet brands offer some of the best and most-secure wallets on the market!

Thanks for reading, and until next time!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

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Recent Best Crypto Exchange Canada User Reviews

5.0/5.0 - Coinbase User
2022-11-30

Average user

The interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - CEX User
2022-11-30

Many cryptos!!

I don't think my lifetime will be enough to try out all the different cryptos that are available on the exchange...:D

Evaluation
Price value
Ease of Use
Experience
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Safety
5.0/5.0 - Kraken User
2022-11-29

The App

Recently tried out the Kraken app and it was a game changer for short trading sessions!!!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Coinmama User
2022-11-29

helpful!

the customer support is very helpful and replies quicly, the FAQs have many solutions to common issues people experience on the platform

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - CEX User
2022-11-28

Good choice

Have been using this exchange for a long time and no major issues have occured. The info on their support section eliminated my concerns

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Kucoin User
2022-11-28

satisfied

props to ku coin for enabling anomynous trading while still maintaining security throughout the exchange platform

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Binance User
2022-11-28

Great for users of all levels

I would agree that it can be harder for newbies in the crypto exchange world to use the platform, but it shouldn't be a reason to avoid Binance altogether. Fell free to follow this Binance review or any other guide to help you through the learning process. Start small and work your way up, keep up with the reasearch. It is a good place for people of all levels.

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - CEX User
2022-11-27

Great for beginners

My start on the platform was easier that antcipated. The support section was very informative and resources were easy to understand as a new trader. Now can navigate and trade with ease!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - Kucoin User
2022-11-27

Trouble with fiat

Just like on some other platforms i had trouble verifying fiat deposits, fortunately customer service help me with this issue in a timeley manner

Evaluation
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Ease of Use
Experience
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Safety
4.8/5.0 - Kraken User
2022-11-26

Fees in EU

Glad fees on this platform are not too high and deposits are free in the EU. I withdraw quite often so those costs do add up ://

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - Coinmama User
2022-11-25

high fees

i knew that every exchange charges fees, but on coin mama it really ads up. at least the withdrawls are free

Evaluation
Price value
Ease of Use
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4.8/5.0 - CEX User
2022-11-25

APP

I prefer the web exchange over the app. Need time to analyse the charts and compare, while the mobile app can be a great alternative for short period of time it can only a fraction of information at a time. I know some people trade solely on the app, but I think it's not for me.

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5.0/5.0 - Coinbase User
2022-11-22

ALL IN ONE

Multi-functional platform! Facilitates the essential functions that other exchanges fail to provide.

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4.8/5.0 - Coinbase User
2022-11-21

expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

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5.0/5.0 - Kraken User
2022-11-21

SIMPLE

The newbie trading makes it very easy to use the platform!

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5.0/5.0 - Kucoin User
2022-11-21

New trader in town

Very happy i decided to choose this platform as a beginner trader, was very easy to learn and use from the start

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4.8/5.0 - Binance User
2022-11-19

Low fees

I was very happy with the low trading fees and security they offer, but still feel that more info could be provided for beginner traders

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4.8/5.0 - CEX User
2022-11-18

varying fees

for small sum trading CEX is one of the best in terms of low fees! but I often trade in high quantities and larger than average sums, so the fees add up and I end up paying a fortune...

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4.8/5.0 - Kraken User
2022-11-15

first exchange

It took me more time than i expected to figure out how to use the exchange. Totally get why not many beginners go for Kraken as their first exchange. Aside from that, have no other issues.

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4.8/5.0 - Coinmama User
2022-11-13

That's it?

Somehow I expected coinmama to have more than 10 coins. I was hoping a wider variety to choose from. I really hope in the future they will add more...

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FAQ

Are cryptocurrencies legal in Canada?

Yes, cryptocurrencies are completely legal in Canada. There are many rules, laws, and regulations present within the country regarding the topic, but, at the end of the day, residents are able to trade most crypto coins and tokens, and use a variety of different cryptocurrency exchange platforms. In fact, Canada is seen as one of the pioneers of regulatory crypto matters, in general!

Can you use foreign cryptocurrency exchange platforms in Canada?

Yes, you can! Naturally, not all exchanges are going to be legal or regulated within Canada - some platforms are outright banned, while others have a lot of restrictions attached to them. It all depends on whether or not you want to trade on a decentralized exchange, and if the exchange enforces strict KYC and AML regulations.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. It’s all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.