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Best crypto exchanges in Canada
6 licensed crypto exchanges, ranked on the company that would actually open your account. How we rate
Cryptoassets are highly volatile and largely unregulated in some countries. You could lose all the money you invest, and you may not be protected by a compensation scheme.
All 6 crypto exchanges
| # | Exchange | Trading fee | Cryptoassets | Min. deposit | Coinish Score | Actions |
|---|---|---|---|---|---|---|
| 1 | | 0.5% | 405+ | Not verified | 80rated 4.1/5 | |
| 2 |  Licensed in Canada · CSA | Not verified | 400+ | Not verified | 79rated 4.2/5 | |
| 3 |  Licensed in Canada · CSA | 0.8% | 200+ | Not verified | 75rated 4.0/5 | |
| 4 |  Licensed in Canada · CSA | 0.5%App fee | 170+ | Not verified | 67rated 3.4/5 | |
| 5 |  Licensed in Canada · CIRO | 1%App fee | Not verified | Not verified | 60rated 3.2/5 | |
| 6 | Licensed in Canada · CSA | 0.2% | 65+ | $0 | 49rated 3.5/5 |
Good to know
Crypto rules in Canada
Crypto trading platforms serving Canadians, including those based abroad, must be registered with Canadian securities regulators.
Regulator sources (1)
“Platforms located outside of Canada that provide services to Canadians must also be registered in Canada”
securities-administrators.ca · Mar 5, 2026
Crypto in Canada at a glance
- 6 crypto exchanges with a verified licence serve residents of Canada: 6 hold a local licence (CSA and CIRO).
- Top pick by Coinish Score: Coinbase (80/100, Editor Rating 4.1/5).
- Lowest order-book trading fee: 0.2% (NDAX).
- No minimum deposit: NDAX.
How this ranking works
Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Canada, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate
Crypto in Canada: what to know
Of the 6 crypto exchanges on this list, 5 hold a licence from the CSA (Coinbase, Crypto.com, Kraken and 2 more) and 1 holds a licence from the Canadian Investment Regulatory Organization (CIRO) (Webull).
Base-tier spot taker fees on the order-book exchanges here run from 0.2% (NDAX) to 0.8% (Kraken). Apps without an order book charge a per-trade fee instead: Wealthsimple 0.5% and Webull 1%.
What to check before you open an account in Canada
- Search the company name on the CSA and CIRO registers (securities-administrators.ca and ciro.ca).
- Check which company your contract is with. Coinbase, for example, onboards residents of Canada through Coinbase Canada Inc. (CSA decision (April 3, 2024)), and the name on the account-opening documents should match the list.
Is crypto trading legal in Canada?
Yes, with a licensed provider. Crypto trading platforms serving Canadians, including those based abroad, must be registered with Canadian securities regulators.
Source: securities-administrators.ca
What is the best crypto exchange in Canada?
By Coinish Score, Coinbase (80/100, Editor Rating 4.1/5), through Coinbase Canada Inc. (CSA decision (April 3, 2024)). Crypto.com (79) and Kraken (75) follow. The score rates the company that would serve you in Canada, so the same brand can rank differently in another country.
Is crypto held on an exchange protected in Canada?
Crypto held with an exchange is not covered by investor compensation schemes, so the exchange's own safeguards (segregated client assets, cold storage, proof of reserves) matter more than for a broker account.
Source: cipf.ca
Do you pay tax on crypto profits in Canada?
The CRA treats gains from disposing of crypto-assets as either business income or capital gains, and you must report them.
Coinish isn't a tax adviser: check your own situation with the tax authority or an accountant.
Source: canada.ca
Coinish provides general information only. Nothing on this site is investment, tax or legal advice.