Best Crypto Exchanges in Canada with Lowest Fees: A Comprehensive Comparison

Buy Bitcoin & Ethereum Safely with Netcoins Here

Keep up to date with Bitcoin on Bitcoin.org
Keep up to date with Ethereum news on Ethereum.org

Picking the right crypto exchange involves more than just low fees. Sure, low transaction costs are vital - but you also have to factor in security, available cryptocurrencies, and usability. Low-cost platforms like Shakepay, Netcoins and Newton not only offer competitive rates - they stand tall when it comes to overall trading experience. From here, let's delve deeper.

Netcoins is a top-rated cryptocurrency trading platform in Canada known for offering competitive and low fees for trading various cryptocurrencies. Additionally, it provides a user-friendly experience and prioritizes safety and security for its customers' assets.

Our Top Picks for the Best Crypto Exchanges in Canada

At Netcoins, we understand that the best crypto exchanges in Canada must meet crucial criteria to provide users with a seamless and secure trading experience. Among these top picks are Shakepay, Newton, and Wealthsimple Crypto, each offering unique features tailored to different investor preferences. Netcoins Netcoins is a Canadian cryptocurrency exchange that offers a straightforward platform for buying, selling, and trading a variety of cryptocurrencies. Established with the aim of providing a safe, easy, and accessible way for Canadians to enter the cryptocurrency market, Netcoins emphasizes regulatory compliance, user security, and customer support. It caters to both novice and experienced traders by offering a user-friendly web platform and mobile app, along with competitive pricing and educational resources to help users navigate the world of digital currency. Features: Diverse Cryptocurrency Selection : Netcoins supports a wide range of cryptocurrencies, including popular options like Bitcoin, Ethereum, and Litecoin, as well as various altcoins, giving users plenty of choices for building their portfolios. Regulatory Compliance : As one of the first cryptocurrency exchanges to be fully regulated in Canada, Netcoins provides a secure and trustworthy platform for its users. Partnership with QLUE : Netcoins leverages its relationship with its sister company, QLUE (Qualitative Law Enforcement Unified Edge), which specializes in cryptocurrency investigation and blockchain forensics. Live Customer Support : Offering live support through various channels, Netcoins stands out for its commitment to assisting users with any issues or questions they may have, ensuring a smooth trading experience. High Trustpilot Rating : Netcoins prides itself on being one of the highest-rated Canadian cryptocurrency exchanges on Trustpilot, a testament to its exceptional customer service, user-friendly platform, and commitment to security. Simple Interface : The platform is designed to be intuitive for beginners, with straightforward buying, selling, and trading processes, making it easy for anyone to start with cryptocurrency. Educational Resources : Netcoins provides a wealth of educational materials, including articles, guides, and tutorials, to help users understand the market and make informed decisions. No Minimum Orders : Users can trade with no minimum order size, which is ideal for those looking to start small or experiment with different cryptocurrencies without a significant initial investment. OTC Desk : For traders and institutions looking to execute large volume trades, NDAX offers an Over-The-Counter (OTC) trading desk with personalized service and competitive pricing. Costs/Fees: Trading Fees : Netcoins charges a flat trading fee of 0.5% per transaction, which is relatively low and transparent, making it easier for users to understand the costs associated with their trades. Deposit and Withdrawal Fees : There are no fees for depositing CAD or cryptocurrencies into a Netcoins account. However, withdrawing fiat currency to a Canadian bank account incurs a fee, and cryptocurrency withdrawal fees vary depending on the network and congestion. Spread : Like many exchanges, Netcoins earns revenue from the spread between the buy and sell prices. While not a direct fee charged to users, it's an implicit cost to consider when trading. No Hidden Fees : Netcoins prides itself on transparency, aiming to ensure that users are fully aware of any charges they may incur without hidden costs. Why you might want to choose this platform: Given the importance of regulatory compliance in instilling trust and security, Netcoins would stand out. Shakepay Shakepay is a Canadian cryptocurrency exchange and mobile app designed to provide a simple, user-friendly platform for buying, selling, and transferring cryptocurrencies, specifically Bitcoin and Ethereum. It caters primarily to the Canadian market, offering services that allow users to convert CAD (Canadian Dollars) to cryptocurrency and vice versa swiftly. With a focus on ease of use, Shakepay aims to make the cryptocurrency market accessible to beginners and experienced traders alike. The platform distinguishes itself through a range of features and a transparent fee structure that encourages more users to explore the world of digital currencies. Features: Instant Verification : Users can quickly get started with instant verification, reducing the wait time to buy or sell cryptocurrencies. Commission-Free Trading : Shakepay offers commission-free trading, allowing users to trade Bitcoin and Ethereum without direct transaction fees. Shakepay ShakingSats : A unique feature where users can earn free Bitcoin daily by physically shaking their phone once they have made a purchase on the app. Interac e-Transfer Funding : Canadian customers can easily fund their accounts using Interac e-Transfers, facilitating quick and convenient transactions. Peer-to-Peer (P2P) Payments : Shakepay allows users to send and receive Bitcoin and Ethereum to and from other Shakepay users instantly and without fees. Visa Prepaid Card : Shakepay offers a Visa prepaid card, enabling users to spend their cryptocurrency holdings in Canadian dollars at merchants that accept Visa. Costs/Fees: Spread : Shakepay makes money from the spread, which is the difference between the buy and sell price of the cryptocurrency. The spread can vary but is typically around 1.2% to 2.5%, depending on market conditions. No Direct Trading Fees : There are no direct fees for buying or selling cryptocurrencies on Shakepay. Withdrawal Fees : While Shakepay does not charge fees for fiat withdrawals to Canadian bank accounts, there may be network fees associated with cryptocurrency withdrawals, which are standard across the blockchain network and not specific to Shakepay. Deposit Fees : There are no fees for depositing CAD via Interac e-Transfer or wire transfer, nor for depositing Bitcoin or Ethereum. Why you might want to choose this platform: Looking to engage with cryptocurrency casually and enjoy gamified rewards with its ShakingSats feature. Newton Newton is a popular cryptocurrency exchange based in Canada, known for its user-friendly interface and a wide selection of supported cryptocurrencies. It positions itself as a no-fee cryptocurrency trading platform, aiming to make buying and selling digital assets as straightforward and cost-effective as possible for Canadians. Newton emphasizes security, liquidity, and transparency, striving to offer competitive spreads and easy access to the crypto market for both beginners and experienced traders. The platform supports a variety of funding and withdrawal options, making it a versatile choice for anyone looking to engage with the cryptocurrency space in Canada. Features: Wide Selection of Cryptocurrencies : Newton offers a broad array of cryptocurrencies for trading, including major coins like Bitcoin, Ethereum, and Litecoin, along with various altcoins, providing users with the opportunity to diversify their portfolios. Zero Fees for Trading : The platform advertises zero fees for buying and selling cryptocurrencies, appealing to traders looking to maximize their investments without worrying about extra costs. Direct CAD Deposits and Withdrawals : Users can easily fund their accounts with Canadian dollars via Interac e-Transfer, wire transfer, or bank draft, making the process of buying and selling crypto more accessible. High Liquidity : Newton provides high liquidity, which facilitates quicker trades and more stable prices, benefiting users by providing closer matches to the market rates for cryptocurrencies. Advanced Security Measures : The platform uses state-of-the-art security measures, including cold storage for a significant portion of its assets, two-factor authentication (2FA) for users, and partnership with leading security firms to ensure the safety of its customers' funds. Instant Verification : Newton offers quick and easy account verification, allowing new users to start trading in a matter of minutes. Costs/Fees: No Trading Fees : Newton does not charge any direct fees for trades, making it an attractive option for users looking to conduct frequent transactions without incurring costs. Spread : While trading fees are non-existent, Newton earns money through the spread, the difference between the buying and selling prices of cryptocurrencies. The spread varies by asset and market conditions but is generally competitive. Network Withdrawal Fees : Although Newton covers the first $5 of the network withdrawal fee for each cryptocurrency, any amount exceeding this is passed on to the user. This fee is variable and depends on the blockchain network's congestion at the time of the withdrawal. No Deposit Fees : There are no fees for depositing funds into a Newton account, whether through cryptocurrency or CAD. No Fiat Withdrawal Fees : Users can withdraw CAD to their bank accounts without any fees, making it straightforward to cash out their investments. Why you might want to choose this platform: The absence of trading fees across a wide array of cryptocurrencies makes it an economical choice for exploring and investing in less common altcoins alongside major ones. Bull Bitcoin Bull Bitcoin is a Bitcoin-exclusive platform based in Canada, distinguishing itself as a non-custodial exchange service that emphasizes the importance of self-sovereignty over one’s digital assets. Founded with a focus on Bitcoin maximalism, Bull Bitcoin advocates for the use of Bitcoin as a means of preserving financial privacy and freedom. The platform caters primarily to Canadian residents, offering them a secure and straightforward way to buy, sell, and spend Bitcoin while reinforcing the principles of decentralized finance. Features: Bitcoin-Only Platform : Bull Bitcoin is dedicated exclusively to Bitcoin, supporting the philosophy that Bitcoin is the most significant cryptocurrency for preserving wealth and ensuring financial privacy. Non-Custodial Service : Users retain full control over their Bitcoin wallets, meaning Bull Bitcoin does not hold customers' bitcoins. This approach aligns with the principle of self-sovereignty in the cryptocurrency space, emphasizing user control and security. Direct Conversion Between CAD and Bitcoin : The platform allows for direct conversions between Canadian dollars (CAD) and Bitcoin, facilitating easy and straightforward transactions for Canadian users. Integration with Canadian Banking : Bull Bitcoin has integrated its services with Canadian banking, making it easier for users to link their bank accounts for seamless transactions. Bylls Feature : One of the standout services of Bull Bitcoin is Bylls, which allows users to pay virtually any Canadian bill using Bitcoin, from utility bills to taxes, thereby promoting the use of Bitcoin in everyday transactions. Advocacy and Education : Committed to the broader adoption and understanding of Bitcoin, Bull Bitcoin is active in advocacy and education around Bitcoin, offering resources and support for newcomers to understand the value and mechanics of Bitcoin. Costs/Fees: Transaction Fees : Bull Bitcoin charges a fee for buying and selling Bitcoin, which is disclosed upfront to the user. These fees are competitive within the Canadian market and are designed to reflect the non-custodial and direct nature of their service. No Hidden Fees : Emphasizing transparency, Bull Bitcoin ensures that all fees are clearly stated, with no hidden charges. This transparency is key to maintaining trust with its user base. Variable Spread : Like many exchanges, Bull Bitcoin works with a spread between the buy and sell prices of Bitcoin. This spread is competitive and is a critical aspect of their pricing model. Why you might want to choose this platform: Bull Bitcoin's non-custodial nature and exclusive focus on Bitcoin Localcoins LocalCoinSwap is a decentralized, peer-to-peer (P2P) cryptocurrency exchange that facilitates direct transactions between users worldwide, offering a platform for buying and selling a variety of cryptocurrencies. Unlike traditional centralized exchanges, LocalCoinSwap provides a more personalized trading experience, allowing users to choose from a wide range of payment methods and trade directly with others without the need for an intermediary. The platform emphasizes privacy, inclusivity, and the freedom to trade, aligning with the core principles of the cryptocurrency movement. Features: Wide Range of Cryptocurrencies : LocalCoinSwap supports numerous cryptocurrencies, allowing users to trade in popular coins such as Bitcoin, Ethereum, and Litecoin, among others, catering to a diverse set of trading preferences. Multiple Payment Methods : One of the platform's most significant advantages is the variety of payment methods available, including bank transfers, PayPal, cash deposits, and more, offering unparalleled flexibility to users. Decentralized Trading : As a P2P exchange, LocalCoinSwap operates on a decentralized model, promoting direct transactions between users. This approach enhances privacy and reduces reliance on central authorities. No Mandatory KYC : In keeping with its commitment to privacy and inclusivity, LocalCoinSwap does not require users to complete Know Your Customer (KYC) procedures for most transactions, allowing for more anonymous trading experiences. Escrow Service : To ensure the security of transactions, LocalCoinSwap provides an escrow service, holding the cryptocurrency being traded in escrow until both parties confirm the completion of the exchange, reducing the risk of fraud. User-Friendly Interface : Designed to be accessible to both beginners and experienced traders, the platform offers an intuitive interface that makes navigating the complexities of P2P trading straightforward. Costs/Fees: Trading Fees : LocalCoinSwap charges a fee for each trade, which is typically a percentage of the transaction amount. The fees are competitive and are used to support the platform's operations and security measures. No Listing Fees : Users looking to list trades on the platform are not charged listing fees, promoting a more dynamic and engaging trading environment. Variable Fees Based on Payment Method : The fees may vary depending on the payment method chosen and the specifics of the trade, reflecting the costs associated with different types of transactions. Cryptocurrency Network Fees : While LocalCoinSwap itself does not charge deposit or withdrawal fees, users must still pay the standard network fees associated with blockchain transactions, which can vary depending on network congestion and the specific cryptocurrency. Why you might want to choose this platform: Maintain privacy and flexibility in payment methods without undergoing extensive KYC procedures Honorable Mention: Bitbuy and NDAX

What is the best Canadian crypto exchange? Netcoins, operating from Vancouver, stands out as the premier cryptocurrency exchange in Canada, especially for those who prioritize regulatory compliance, unparalleled customer support, and a transparent trading environment. As a platform that facilitates direct CAD transactions with your Canadian bank account, Netcoins demonstrates its commitment to regulatory compliance by being registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada). This commitment ensures a high level of trust and security for its users. Moreover, its distinction as the highest-rated Canadian exchange on Trustpilot speaks volumes about its customer service quality, setting it apart in the realm of crypto exchanges. What is the best Bitcoin trading platform in Canada? Bitcoin, the most revered cryptocurrency, is available across various platforms due to its unmatched popularity and recognition. However, for Canadian traders seeking a blend of regulatory compliance, top-notch customer support, and transparent trading conditions, Netcoins emerges as the top choice. Its robust security protocols, combined with a commitment to transparency and safety, ensure that traders can engage with the platform with confidence. The quick verification process and seamless handling of deposits and withdrawals further enhance its appeal, making Netcoins an optimal platform for Bitcoin trading in Canada. What is the best Bitcoin wallet in Canada? For those in search of a secure and reliable Bitcoin wallet in Canada, Netcoins offers a compelling option. The platform's dedication to safety is evident in its stringent security measures and adherence to regulatory standards, providing a safe haven for digital assets. The high level of customer satisfaction, reflected in its Trustpilot ratings, underscores the trust and confidence users place in Netcoins, not just for trading but also for the secure storage of their cryptocurrencies. With Netcoins, users gain access to a platform where transparency, safety, and exceptional customer support converge, offering one of the best Bitcoin wallets in the country. What is the safest crypto wallet in Canada? Netcoins, with its top-rated position on Trustpilot and a strong emphasis on regulatory compliance, hosts one of the safest crypto wallets in Canada. The platform’s transparent approach to security, alongside its rigorous safety measures, ensures that users can store their cryptocurrencies without apprehension. The wallet’s accessibility, coupled with Netcoins’ commitment to customer support, ensures that users have a secure and supportive environment for their digital assets, reinforcing Netcoins as the go-to choice for those prioritizing safety and reliability. What is the best crypto off-ramp in Canada? When considering the withdrawal of crypto in Canada, the significance of low fees and secure transactions cannot be overstated. Netcoins distinguishes itself as a preferred off-ramp solution by offering transparent fee structures and a focus on user safety. This approach, combined with its regulatory compliance and exceptional customer support, ensures that users can withdraw their funds with confidence, knowing they are engaging with one of the most trusted platforms in the Canadian market. What is the cheapest crypto exchange in Canada? Netcoins' transparency in its fee structure makes it a competitive choice for those seeking cost-effective trading options in Canada. Its clear communication regarding trading fees, without hidden costs, ensures that traders can manage their investments efficiently. The platform's commitment to providing a safe and compliant trading environment, along with its top-rated customer support, further cements its position as a preferred choice for Canadian traders looking for transparency and value. What is the most secure crypto exchange in Canada? Netcoins’ reputation as the most secure and safest cryptocurrency exchange in Canada is well-earned, thanks to its rigorous adherence to regulatory compliance and a proactive approach to security. This registered and licensed Canadian business has garnered acclaim for its robust security protocols and transparency, making it a reliable platform for users to buy, sell, and store Bitcoin confidently. With Netcoins, users benefit from a platform where safety, accessibility, and regulatory compliance are paramount, ensuring a trustworthy trading experience. What is the best crypto exchange in Ontario? In Ontario, Netcoins stands as the premier crypto exchange, distinguished by its exceptional customer support, regulatory compliance, and commitment to transparency and safety. Based in Vancouver but serving all of Canada, including Ontario, Netcoins offers a trading environment that is not only secure but also backed by the highest level of customer service, as evidenced by its Trustpilot ratings. For Ontarians looking to delve into crypto investing, Netcoins represents the pinnacle of what a crypto exchange should offer, combining low fees, excellent support, and a steadfast commitment to user safety. Which crypto exchanges are legal in Ontario? Ontario boasts several legal and licensed cryptocurrency exchanges, with Netcoins being among the most notable for its adherence to Canadian and Ontario-specific regulations. This platform, along with others like it, operates under the scrutiny of regulatory bodies such as FINTRAC, ensuring a safe and compliant trading environment for its users. To explore the full list of exchanges registered by regulatory authorities, visiting their official websites would provide the most current and comprehensive information. Is it legal to buy and sell cryptocurrency in Canada? Yes, engaging in cryptocurrency trading is entirely legal in Canada. Traders and users are not breaking any laws by buying, selling, or using cryptocurrencies. However, it's important to note that no cryptocurrency is recognized as legal tender in Canada, and the regulatory landscape continues to evolve. Is Netcoins legal in Canada? Absolutely, Netcoins operates as a legally registered business within Canada, adhering to the stringent regulations and standards set forth by Canadian authorities. This legal standing, combined with its reputation for safety and customer support, positions Netcoins as a leading choice for Canadians seeking a compliant and secure platform for their cryptocurrency transactions. What crypto exchange in Canada is best for beginners? For beginners venturing into the world of cryptocurrency, Netcoins offers an ideal starting point. The platform distinguishes itself with its easy-to-use interface, quick verification process, and unparalleled customer support, ensuring a smooth and accessible entry into crypto trading. The emphasis on regulatory compliance and security further adds to its appeal, making Netcoins a top recommendation for newcomers to the cryptocurrency market. What is the best crypto app in Canada? Netcoins’ mobile application stands out as the best crypto app in Canada, providing users with a seamless and secure trading experience on the go. Highly rated for its user-friendly design and reliability, the Netcoins app ensures that Canadians have access to a top-tier crypto trading platform at their fingertips, available for both Android and iOS devices. What is the best crypto exchange for day trading in Canada? Netcoins emerges as a top choice for day trading in Canada, thanks to its competitive fees, real-time data, and robust security measures. The platform’s transparent fee structure and rapid transaction capabilities make it an attractive option for day traders who require efficiency and reliability in their trading activities. With Netcoins, day traders find a conducive environment for frequent trading, underscored by a commitment to safety and customer support.