Most Well-Known Cryptocurrency Exchanges in Canada
When investing in cryptocurrency, it is important to choose a good and well-reputed cryptocurrency exchange. In this article, we will be looking at top cryptocurrency exchanges in Canada.
There are many good options available in Canada where users can easily buy Bitcoin Cash or other cryptocurrencies. Before looking for the best cryptocurrency exchanges in Canada, remember to consider factors such as region, currency, available cryptocurrencies, payment methods, fees, etc. The cryptocurrency exchange you select is the most crucial step of your investment journey. Your decision will affect how successful your transactions are, how readily you can purchase and sell coins, and, in certain situations, whether you get your money back at all.
As a Canadian crypto trader, you will constantly look for the most significant crypto exchange that Canada offers. Here is a list of the top six cryptocurrency exchanges in Canada. The list will help you make an informed decision the next time you buy, sell or invest in the cryptocurrency market.
- Coinbase:
Coinbase offers service in Canada as well as over 100 other countries across the world. You can start using the Coinbase app to buy and trade cryptocurrencies and earn free crypto assets by downloading it from the Google Play Store or the iOS app store.
Coinbase also offers a popular wallet service and a card service. Coinbase offers cryptocurrency for purchase, sale, deposit, and withdrawal. Although not all currencies support all functions, most digital coins provide all four functionalities.
Coinbase is considered one of the most well-known cryptocurrency exchanges globally, with more than 30 million customers. Its 24/7 customer support and helpline have helped hundreds of beginners get started according to their own investment strategies.
- Bitbuy:
Bitbuy is one of the best crypto exchanges in the world for many reasons. It provides its customers a safe and secure experience and ensures that you can buy and sell crypto safely. Even though it gives the customers a safe experience, it also stands out regarding user-friendliness.
Because of its super-friendly interface, it is easy to use as you can instantly buy and sell crypto via an Interac e-Transfer in Canada. Another important reason we believe BitBuy is the most acceptable crypto exchange in Canada is that it provides excellent customer service. This means you may look out for support or ask questions at any time – 24 hours a day, seven days a week.
- Shakepay:
Shakepay, based in Montreal, Canada, allows customers to trade Bitcoin for Interac e-transfers in minutes. Shakepay is available on both the Google Play and iOS App Store. It has handled the purchase and sale of over $3 billion in digital currencies so far. Its services have benefited over 600,000 Canadians.
Shakepay enables the lightning-fast purchase of Bitcoin and the commission-free purchase and sale of Bitcoin and Ethereum at market-leading pricing. Shakepay maintains the bulk of its digital currencies safely offline to provide a high degree of security, backed up by an insurance policy created specifically for Shakepay.
- Newton:
Newton supports over 75 cryptocurrencies and offers a user-friendly mobile app that has received positive feedback on both iPhone and Android. Newton does not impose trading fees, and its spreads are minimal, ranging from 0.2 percent to 0.7 percent depending on the coin.
Newton’s more excellent spreads make it more expensive overall than Bitbuy. Nonetheless, Newton is a fair exchange with a knowledgeable customer service team, being a viable alternative for Canadian cryptocurrency traders.
- CoinSmart:
CoinSmart is another excellent option for Canadians seeking a trustworthy and reliable crypto exchange. CoinSmart, like Bitbuy, has cheap trading costs of 0.2 percent. They provide exceptional customer service through phone, live chat, and email 24 hours a day, seven days a week, and user accounts are validated promptly.
As a new CoinSmart user, you will receive a $50 bonus when you fill your account, which you may use to purchase Bitcoin, Ethereum, or any of the 16 assets supported by CoinSmart. CoinSmart is a good alternative if you search for a highly secure, trusted crypto platform.
- Coinberry:
Coinberry accepts 18 different cryptocurrencies and charges no CAD deposits and withdrawal fees. Users may deposit money instantaneously using credit cards and INTERAC e-transfers, and while Coinberry has not achieved the widespread appeal of Bitbuy, it’s still a fantastic, very secure exchange. As a beginner investor, Coinberry can prove to be the first yet easy step of the journey.
End note:
Above mentioned Canada-based cryptocurrency exchanges are the top and most well-known exchanges. You have to choose the one that fulfills your cryptocurrency investing needs the best.
However, the one you choose must support the digital currencies you wish to trade and your preferred payment method. Lastly, doing your own research is critical before randomly selecting an exchange, as your whole investment journey depends on it.
