Business Spotlight

Best Crypto Exchanges And Trading Platforms Canada

In an effort to help you choose the best crypto exchange or trading platform in Canada, our team of experts has analyzed over 30 platforms to find the top picks. Our team consists of Henrik, Jerry, and Anna who together have over 25 years of experience in the field of blockchain and retail trading.

Best Crypto Exchanges And Trading Platforms Canada

We have selected these platforms based on a rigorous review methodology where trading fees, security, interface, mobile applications, payment methods, and local regulations in Canada have been taken into account.

Best crypto exchange Canada list

Here is our curated list of the 7 best crypto exchanges in Canada:

  1. BYDFi - Best crypto exchange and trading platform (Licensed in Canada)
  2. Phemex - Good contract trading platform
  3. Coinbase - Best exchange to buy crypto
  4. Kraken - Good for NFT and staking
  5. NDAX - OTC crypto trading platform
  6. Bitget - Best for copy trading

(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)

Key Takeaways

  • BYDFi stands out as the best overall crypto trading platform in Canada for its adherence to local regulations, diversity in crypto offerings, and user-friendly interface.
  • BitBuy is the top local Canadian exchange, providing a seamless, transparent, and reliable trading experience tailored to the Canadian market.
  • For enthusiasts of NFTs and staking, Kraken offers a secure and diversified platform, ensuring compliance with local regulations and offering low fees.

What is the best crypto exchange and trading platform in Canada?

In order to select only the top platforms, our dedicated team of crypto reviewers has looked at these factors:

  • Overall customer satisfaction
  • Online reviews and reputation
  • Government regulations
  • Trading tools
  • Payment methods
  • Security protocols
  • Usefriendly interfaces
  • Number of listed cryptocurrencies
  • KYC and withdrawal limits

1. BYDFi - Best crypto exchange and trading platform Canada

Best crypto trading platform Canada: BYDFi review

BYDFi rating 9.8/10

BYDFi ranks as the as the best crypto exchange and trading platform in Canada for Canadian crypto enthusiasts seeking a reliable and user-friendly platform

Being based in Singapore, BYDFi operates adhering to the local regulations and is regulated by the American Money Services Businesses, Singapore’s Accounting and Corporate Regulatory Authority, and Estonia’s MTR.

Its strong adherence to international regulations ensures a secure and compliant trading environment, aligning it with the Canadian market's needs and standards.


  • Advanced Trading Options: BYDFi provides advanced trading options such as futures and spot trading, allowing users to diversify their portfolios.
  • Wide Range of Supported Cryptocurrencies: The platform supports a diverse range of cryptocurrencies, including popular ones like Bitcoin and Ethereum, as well as lesser-known altcoins, thus providing more trading opportunities for users.
  • Robust Security Measures: With its multi-signature wallet and 2FA options, BYDFi ensures a high level of security, reducing the risk of unauthorized access and hacks.
  • Competitive Fees: BYDFi offers competitive trading and withdrawal fees, allowing traders to retain more of their profits.
  • User-friendly Interface: The platform’s interface is intuitive and user-friendly, catering to both novice and experienced traders alike.


  • No Social Trading: The absence of social trading features means that users cannot replicate the trading strategies of successful traders directly within the platform, potentially missing out on profitable trading opportunities.
  • No Integration with Hardware Wallets: The absence of integration with hardware wallets may inconvenience those who prefer to store their assets offline for enhanced security.
  • Absence of Staking Options: For those looking to earn additional income through staking, the lack of such options on BYDFi might be a disadvantage, compelling users to use additional platforms for staking purposes.

Why we chose it

BYDFi stands out as the best crypto exchange in Canada due to its commitment to providing a seamless and secure trading experience. Its adherence to strict international and local regulations instills confidence in Canadian traders. The extensive range of supported cryptocurrencies and advanced trading options make it versatile for all kinds of investors, whether they are experienced or new to the crypto world. The platform’s intuitive interface and competitive fee structure further solidify its position as the preferred choice for Canadians.


  • Leveraged Trading
  • Demo Trading
  • Advanced Charting Tools
  • Responsive Customer Support
  • Variety of Deposit Methods
  • Regular Promotions and Bonuses
  • Risk Management Tools
  • Mobile Trading

2. Phemex - Best crypto app for contract trading

Best crypto contract trading app Canada: Phemex review

Phemex rating 9.6/10

Phemex stands out as the best crypto contract app in Canada, garnering a reputation for its user-friendly interface, diverse contract trading options, and stringent adherence to local regulations.

Based in Singapore, Phemex operates fully compliant with Canadian laws and has secured the necessary licenses to offer its services to Canadian residents. This platform has risen to prominence by providing an array of trading options and innovative features, serving both novice and seasoned contract traders with equal efficacy.


  • Variety of Contract Types: Phemex offers a variety of contract types, including perpetual contracts, enabling traders to tailor their trading strategies to their specific needs and market outlook.
  • Customizable Leverage: The platform allows traders to adjust leverage levels according to their risk tolerance and trading strategies, which can be particularly beneficial for contract trading where market movements can be highly leveraged.
  • Precision and Speed: Phemex's state-of-the-art trading engine ensures high precision and low latency, allowing contract traders to execute orders at the desired levels swiftly, crucial in the fast-moving cryptocurrency markets.
  • Risk Management Tools: Phemex provides advanced risk management tools like stop-loss and take-profit orders, helping contract traders to manage their positions and mitigate potential losses effectively.
  • Market Analysis Tools: Traders have access to comprehensive market analysis tools and indicators which are crucial for making informed decisions in contract trading.
  • Contract Insurance: Phemex offers a contract insurance fund to cover potential losses due to extreme market volatility, providing an extra layer of security to contract traders.
  • Enhanced Liquidity: With its high liquidity, Phemex ensures that contract traders can enter and exit positions with minimal slippage, maintaining the accuracy of trade executions.


  • Limited Fiat Options: The platform has limited fiat currency support, which may pose a challenge for those looking to trade in a variety of fiat currencies.
  • No Phone Support: The absence of a direct phone support line may inconvenience users seeking immediate assistance for their queries or issues.
  • Complexity for Beginners: Novice traders might find the plethora of advanced features and detailed interface overwhelming initially.

Why we chose it

Phemex encapsulates what it means to be the best crypto contract platform in Canada, balancing advanced trading features with user-friendly design. Its adherence to local regulations and licenses makes it a reliable choice for Canadians.


The platform’s extensive range of trading options and innovative features accommodate traders of all experience levels, making it a versatile choice for anyone looking to delve into contract trading in the crypto space.


  • Spot and Contract Trading
  • Zero-Fee Spot Trading
  • Quick Withdrawals
  • Demo Trading Feature
  • High Liquidity
  • Cross-Platform Trading
  • 24/7 Customer Support

3. Coinbase - Best exchange for buying crypto

Best exchange to buy crypto in Canada: Coinbase review

Coinbase rating 9.6/10

Canadian residents have several options, but Coinbase stands out as the best exchange to buy crypto in Canada When it comes to purchasing cryptocurrencies. Established in 2012 in San Francisco, USA, Coinbase is well-reputed for its extensive array of available cryptocurrencies, user-friendly interface, and high-security measures.


Coinbase operates in Canada under local regulations and possesses the necessary licenses, ensuring a secure and legal environment for users to purchase and trade cryptocurrencies. Coinbase's strict adherence to compliance and regulatory guidelines makes it a trusted platform among Canadian crypto enthusiasts.


  • Recurring Investment Feature: Coinbase offers a recurring investment feature, allowing users to automatically invest in their chosen cryptocurrencies at their preferred frequency. This approach is particularly advantageous for long-term investors practicing dollar-cost averaging, reducing the impact of volatility over time.
  • Secure Cold Storage: A significant portion of users’ assets is held in secure offline cold storage, safeguarding them from potential online threats. For long-term investors, the security of asset storage is crucial, and Coinbase excels in this regard.
  • Transparent Fee Structure: Coinbase offers a clear and transparent fee structure, ensuring users are well-informed about transaction costs. This transparency is vital for long-term investors for effective cost management and investment planning.
  • Staking Rewards: Coinbase offers staking rewards for certain cryptocurrencies, allowing users to earn additional coins by simply holding them in their accounts. This feature can enhance long-term investment gains by accumulating more assets over time.
  • Robust Portfolio Management Tools: Coinbase provides a variety of tools and features that enable users to efficiently manage and analyze their portfolios. These tools are instrumental for long-term investors in tracking performance, managing risks, and optimizing their investment strategies.
  • Institutional-Grade Custody Services: With Coinbase Custody, long-term investors, especially institutions, benefit from the highly secure and sophisticated storage solutions for their digital assets.
  • Price Alerts and Market Analysis: Coinbase offers timely price alerts and comprehensive market analysis, allowing long-term investors to stay informed about market trends, make educated decisions, and optimize entry and exit points.



  • High Fees: One of the not-so-obvious downsides is the platform’s relatively high fees (0.50%) compared to other exchanges, which might be a deterrent for frequent traders.
  • Limited Advanced Trading Features: For professional or experienced traders, the platform may lack some advanced trading features and functionalities that other exchanges offer.
  • Customer Service Delays: Users have occasionally reported delays in customer service response times, especially during periods of high market activity, which could be frustrating for users facing urgent issues.

Why we chose it

Coinbase emerged as our top pick primarily due to its security measures, extensive cryptocurrency offerings, and user-friendly interface. Its commitment to legality and compliance within Canadian jurisdictions provides a sense of reliability and trustworthiness to Canadian users.


The platform’s extensive educational resources make it accessible to users of all experience levels, promoting a broader understanding of the cryptocurrency landscape.


  • Regulatory Compliance
  • Versatile Trading Options
  • Mobile App Accessibility
  • Regular Updates and Alerts
  • Insurance Protection
  • Recurring Purchases
  • Instant Buy Feature

4. Kraken - Best exchange for NFT and staking

Best exchange for NFT and staking Canada: Kraken review

Kraken rating 9.5/10

When it comes to discussing the best exchange for NFT and staking crypto in Canada, Kraken effortlessly comes on top. This platform has established itself as a leading name due to its vast range of services, robust security features, and strict adherence to local regulations and licenses in Canada.


Kraken, headquartered in San Francisco, USA, operates in Canada under the local regulatory framework ensuring user trust and reliability. It specializes in providing a secure and efficient platform for trading Non-Fungible Tokens (NFTs) and staking cryptocurrencies, catering to both novice and experienced traders in the Canadian market.


  • Advanced Staking Services: Kraken provides sophisticated staking services, allowing users to earn rewards on their crypto holdings with options to stake multiple currencies including Ethereum and Polkadot.
  • Extensive NFT Marketplace: It features a diverse and extensive range of NFTs, enabling users to buy, sell, and explore digital art and collectibles easily.
  • Enhanced Security: With industry-leading security protocols such as cold storage and two-factor authentication, Kraken ensures the utmost security of assets and user data.
  • Low Fees: Kraken offers competitive and low trading fees especially in staking and NFT transactions, making it an attractive option for users seeking cost-effective solutions.
  • High Liquidity: The platform provides high liquidity, ensuring quick and smooth transactions for users dealing in NFTs and staked cryptos.



  • Complex User Interface: New users might find the user interface overwhelming due to the array of features and information presented, especially when navigating NFT and staking services.
  • Limited NFT Listings: Compared to specialized NFT platforms, Kraken’s NFT listings might be limited in variety and quantity, impacting user choice.
  • Customer Service: Users have reported delays in customer service response times, especially concerning queries related to NFTs and staked cryptocurrencies.

Why we chose it

Kraken stands out as the best exchange for NFT and staking crypto in Canada owing to its unparalleled security, diverse offerings, and advanced staking services. It not only provides a secure and reliable platform but also empowers users with the tools and knowledge needed to navigate the complex world of NFTs and staking cryptocurrencies.


Its commitment to adhering to local regulations and licensing requirements in Canada further solidifies its reputation as a trustworthy and user-friendly platform.


  • Variety of NFTs
  • Flexible Staking Options
  • User Education
  • Robust Security Protocols
  • Efficient Trading Engine
  • Transparent Fee Structure
  • Regulatory Compliance

5. NDAX - Best exchange for OTC crypto trading

Best exchange for OTC Trading Canada: NDAX review

NDAX rating 9.5/10

When it comes to over-the-counter (OTC) cryptocurrency trading in Canada, NDAX stands out as the best exchange for OTC crypto trading in Canada. It offers an optimized platform, aptly addressing the unique needs and requirements of professional and institutional traders.

Located in Calgary, NDAX operates in strict compliance with the regulatory framework provided by the Canadian government, ensuring a secure and transparent trading environment. The platform holds the required licenses to operate, offering an array of cryptocurrencies for trading, allowing users to buy and sell with confidence.



  • Enhanced Liquidity: NDAX provides substantial liquidity, allowing traders to execute large-volume trades without significant slippage, ensuring optimal trade pricing.
  • Advanced Security Measures: Implementing state-of-the-art security protocols, NDAX offers cold storage wallets, biometric authentication, and insurance on digital assets, safeguarding users' assets from potential breaches.
  • Flexible Trading Pairs: NDAX offers a variety of trading pairs, enabling traders to diversify their portfolio and hedge against market volatility efficiently.
  • User-Friendly Interface: The platform boasts a streamlined, intuitive interface, enabling traders of all levels to navigate and execute trades with ease and efficiency.
  • Customizable Trading Experience: NDAX allows for advanced charting and analytics, providing traders with the tools they need to make informed decisions based on real-time data and trends.
  • Cons
  • Limited Altcoin Selection: While NDAX does offer a variety of popular cryptocurrencies, the selection of altcoins can be somewhat limiting for those looking to trade less mainstream assets.
  • Geographical Restrictions: As it is based in Canada, NDAX primarily caters to the Canadian market, potentially causing accessibility issues for international traders.
  • Premium Pricing: The advanced features and robust security measures may come with a premium, potentially impacting the cost efficiency of trading activities for some users.


Why we chose it

NDAX’s meticulous adherence to regulatory standards, coupled with its provision of a high-liquidity, secure, and user-friendly trading environment, makes it the go-to platform for OTC crypto trading in Canada.

Its commitment to offering a seamless and advanced trading experience places it a cut above the rest, aptly addressing the nuanced needs of professional and institutional traders.


  • Staking
  • Wide Range of Fiat Options
  • Responsive Customer Support
  • Mobile Application
  • Market Insights
  • High Trading Limits
  • OTC Trading Desk
  • Advanced Order Types

6. Bitget - Best platform for crypto copy trading

Best exchange for copy trading: Bitget review

Bitget rating 9.4/10

Bitget takes the spot as the best platform for crypto copy trading in Canada, offering a seamless and secure way for users to follow experienced traders and automatically copy their trading strategies. Being the best platform for crypto copy trading in Canada, Bitget complies with stringent local regulations and holds the necessary licenses, ensuring the utmost security and transparency in every transaction.


Located in Canada, this platform serves as a haven for those looking to leverage the expertise of proficient traders, allowing users to maximize their potential profits in the dynamic world of cryptocurrency.


  • Advanced Copy Trading Algorithms: Bitget employs sophisticated algorithms that help users identify top-performing traders to copy, ensuring optimal strategy execution.
  • Detailed Trader Profiles: Bitget provides comprehensive profiles of each available trader to copy, showcasing their trading performance, risk levels, and strategies, enabling copy traders to make informed decisions.
  • Transparent Profit Sharing: The platform implements a transparent and fair profit-sharing mechanism, ensuring copy traders are clear on the earnings they will receive from successful trades.
  • Customizable Copy Settings: Bitget allows copy traders to adjust their copy trading settings, including the amount to invest and risk levels, to suit their individual preferences and risk tolerance.
  • Rapid Order Execution: Copy traders benefit from Bitget's high-speed order execution, ensuring minimal lag between the original and copied trades, thus maintaining trade accuracy.
  • Easy Entry and Exit: The platform offers easy and quick options for copy traders to start or stop copying a trader, allowing flexibility in trading strategies.
  • Variety in Trading Styles: Bitget hosts a diverse range of traders employing various trading styles and strategies, allowing copy traders to choose ones that align with their goals and risk tolerance.



  • Learning Curve for New Users: Beginners might find the plethora of options and information overwhelming initially.
  • Fee Structure: The fee structure might be complex and could prove costly for frequent traders, impacting overall profitability.
  • Market Risk: Like any trading platform, users face market risks due to price volatility in the cryptocurrency market.
  • Dependence on Trader Performance: Success is largely contingent on the chosen trader's performance and strategy effectiveness.
  • Potential for Copy Trading Discrepancies: Differences in execution time and price between the copied trader and the follower can occur, impacting results.

Why we chose it

Bitget stands out as the best platform for crypto copy trading in Canada due to its advanced features, user-friendly interface, and strict adherence to local regulations and licensing requirements. The platform's commitment to security, transparency, and providing diverse asset selection ensures users have a reliable and comprehensive trading experience.


Bitget's sophisticated copy trading algorithms, coupled with robust risk management tools, empower users to navigate the complex crypto market effectively, making it the optimal choice for those seeking to capitalize on the insights and strategies of experienced traders.


  • Strategized Copy Trading
  • Real-Time Data Analysis
  • Advanced Security Features
  • Varied Asset Portfolio
  • Transparent Fee Structurey.
  • Customizable User Interface
  • 24/7 Customer Support

How to buy crypto in Canada

Buying crypto in Canada can be straightforward. Here’s a simple step-by-step guide to help you through the process:

  1. Choose a Reliable Exchange: Select a trustworthy cryptocurrency exchange that operates in Canada like Bitbuy or Coinsquare.
  2. Create an Account: Register on the chosen platform and create your user account.
  3. Verify Your Identity: Complete the required KYC (Know Your Customer) process by uploading the necessary ID documents.
  4. Deposit Funds: Add funds to your account through available options like bank transfers, credit cards, or e-transfers.
  5. Buy Cryptocurrency: Once your account is funded, purchase your desired cryptocurrency through the platform's interface.
  6. Secure Your Investment: Use strong, unique passwords and enable two-factor authentication (2FA) for added security.
  7. Transfer to a Private Wallet (Optional): If you don't plan to trade regularly, consider transferring your crypto to a secure, private wallet for extra protection.


What is a Canadian crypto exchange?

A Canadian crypto exchange is a platform where individuals can buy, sell, or trade a variety of cryptocurrencies using Canadian dollars or other cryptocurrencies. These exchanges are based in Canada and operate under the guidelines and regulations set by Canadian authorities, ensuring a secure and transparent trading environment for users. Popular cryptocurrencies available on these exchanges typically include Bitcoin, Ethereum, and Litecoin, among others.

For residents of Canada, using a locally-based exchange can offer conveniences like easy access to customer service, quick transaction times, and the ability to transact in Canadian dollars, which can save on currency conversion fees. Additionally, Canadian crypto exchanges often provide a user-friendly experience, making it easier for those new to cryptocurrency to start trading.


Can I trade cryptocurrency in Canada?

Absolutely, you can trade cryptocurrency in Canada! Canada is one of the countries that has embraced the use of cryptocurrencies, and it has a regulatory environment that supports crypto trading. You can trade various cryptocurrencies like Bitcoin, Ethereum, and many others through several reputable exchanges that operate in Canada. These platforms offer different features and services, so you can choose one that best fits your needs and preferences.

Remember to do some research or seek advice before diving into crypto trading, as it involves risk. Also, ensure that the platform you choose complies with Canadian regulations and offers the security measures needed to protect your investments. Enjoy your trading experience in the exciting world of cryptocurrencies!


Different types of crypto exchanges

The different types of crypto exchanges in Canada include:

  1. Centralized Exchanges (CEX)
  • Operated by companies.
  • Act as middlemen between buyers and sellers.
  • Examples: Coinbase, Binance.
  • Often have user-friendly interfaces and more trading pairs.
  • Users need to trust the exchange to secure their assets.
  1. Decentralized Exchanges (DEX)
  • Allow direct trades between users without an intermediary.
  • Examples: Uniswap, SushiSwap.
  • Offers more privacy and reduced risk of platform downtime.
  • Might have a steeper learning curve and fewer trading options.
  1. Hybrid Exchanges
  • Combine features of both centralized and decentralized exchanges.
  • Aim to offer the security of DEXs with the user-friendliness and functionality of CEXs.
  • Users can experience seamless trading with added security and privacy features.
  • Examples include DeversiFi and Qurrex.


What to look for when choosing a crypto exchange in Canada?

When choosing a crypto exchange in Canada, it’s crucial to consider the security of the platform. Look for exchanges that follow strict security protocols and have robust measures in place, such as two-factor authentication and cold storage solutions, to protect your assets from unauthorized access and cyber threats.

Additionally, ensure the exchange is compliant with Canadian regulations and has the necessary licenses, as this guarantees a level of transparency and reliability.

Another essential factor is the user interface and experience; opt for platforms that are user-friendly and offer excellent customer support. Check the variety of cryptocurrencies available and the flexibility in payment options, as well as the fee structure to ensure it’s reasonable and transparent.


Lastly, review the exchange’s reputation through user reviews and testimonials, focusing on aspects like reliability, customer service responsiveness, and the efficiency of trade executions.

Quick Checklist:

  • Robust Security Measures
  • Regulatory Compliance and Licensing
  • User-friendly Interface
  • Variety of Cryptocurrencies
  • Transparent Fee Structure
  • Positive User Reviews and Reputation
  • Efficient Customer Support

Is it legal to buy crypto in Canada?

Buying cryptocurrency is completely legal in Canada. The Canadian government recognizes the value of blockchain technology and cryptocurrencies and has established regulations to govern their use. Individuals are free to purchase, sell, and hold cryptocurrencies, and several established exchanges operate within the country, adhering to the laid-out regulatory framework.


However, it's crucial to remember that while buying is legal, cryptocurrencies are not considered legal tender in Canada. This means they are not equivalent to Canadian dollars, and businesses are not required to accept them as a form of payment.

Nonetheless, many voluntarily do so, and crypto transactions are subject to taxation, similar to other financial transactions in Canada. Keep in mind to use reputable exchanges and platforms when dealing in cryptocurrencies to ensure security and compliance with local laws.

Pros and cons of trading crypto in Canada

Trading crypto in Canada comes with its own set of advantages:

  • Well-Regulated Environment: Offers a secure and transparent trading landscape, reducing the risk of fraud.
  • Diverse Exchange Options: The availability of a variety of exchanges provides more options and enhances the trading experience.
  • Supportive Community: Easy access to a community and resources makes learning and getting help straightforward.
  • Transparent Financial Environment: It helps traders to focus more on trading strategies rather than worrying about the legality and security of their funds.


However, there are also downsides to consider:

  • Stringent Regulations: While secure, the regulations can be limiting, affecting the availability of some coins and platforms.
  • Market Volatility: Fluctuating market values can pose financial risks and potential significant losses.
  • Complex Learning Curve: Navigating the complexities of the crypto market can be daunting and time-consuming for newcomers.
  • Tax Implications: Potential taxes on crypto gains can impact overall profitability for traders.

Our review methodology

Our review methodology is rigorous yet straightforward. We start by researching various crypto exchanges available in Canada, focusing on those that are well-regulated and have a strong reputation. We assess the security features, user interface, asset variety, and trading features of each platform, as we know these are crucial for a seamless trading experience. To ensure the accuracy of our findings, we also consider user reviews and expert opinions and analyze transaction fees, liquidity, and the efficiency of customer support.


Once we gather all the necessary data, we compare the platforms based on our findings to identify the ones that offer the best services. Our goal is to provide clear, concise, and reliable information, helping both novice and experienced traders in Canada make well-informed decisions when choosing a crypto exchange platform that best suits their needs and preferences.


What's the best way to buy Cryptocurrency in Canada?

The best way to buy cryptocurrency in Canada is to use a reputable, locally-regulated exchange like BitBuy.

What is the best crypto exchange for Canada by e transfer?

The best crypto exchange for Canada by e-transfer is BitBuy, as it offers a seamless and secure transaction experience.


What crypto trading platform is legal in Canada?

Any platform regulated by Canadian financial authorities, like BYDFi for trading, is legal to use in Canada.

What is the alternative to Binance in Canada?

An alternative to Binance in Canada is BYDFi, which is legal and offers a range of trading options.

Is Coinbase allowed in Canada?

Yes, Coinbase is allowed in Canada and is a popular choice among investors.

How do I cash out crypto in Canada?

To cash out crypto in Canada, you can use a local exchange like BitBuy and withdraw your funds directly to your bank account.


Which crypto wallet is best in Canada?

The best crypto wallet in Canada depends on your needs, but many prefer secure and user-friendly options like those offered by Coinbase.

What can I use instead of Binance in Ontario?

Residents of Ontario can use platforms like BYDFi as a legal and efficient alternative to Binance.

Can I withdraw CAD from Kraken?

Yes, you can withdraw CAD from Kraken, making it convenient for Canadian users.

Can I deposit CAD in Kraken?

Yes, depositing CAD in Kraken is possible, providing flexibility to Canadian traders.


BYDFi stands out as the best crypto trading platform in Canada, providing users with a blend of advanced features, security, and user-friendly interface. Following our in-depth analysis of over 30 platforms, assessing factors such as security, trading features, asset variety, and adherence to local Canadian regulations, BYDFi along with other notable platforms like BitBuy, Phemex, Coinbase, Kraken, NDAX, and Bitget, exemplify the epitome of reliability and functionality in the Canadian crypto space.


While our guide aims to provide precise and reliable information to cater to a variety of trading and investing needs, it is crucial for every reader to conduct their research and consider individual goals and risk tolerance before embarking on their cryptocurrency journey. This article is not financial advice, and we strongly recommend consulting with a financial advisor or conducting thorough research before making any financial decisions.

About the authors of this article

Henrik, Jerry, and Anna, the authors of this article, bring a cumulative experience of over 25 years in blockchain and retail trading. Their deep insights and extensive knowledge in the field have enabled them to analyze and evaluate multiple crypto exchanges and trading platforms meticulously, focusing on crucial factors such as security, user-friendliness, and regulatory compliance.


The authors are devoted to delivering unbiased, well-researched, and comprehensive information to assist both novice and experienced traders in navigating the ever-evolving crypto landscape in Canada. They aim to empower readers with the knowledge and tools necessary to make informed and successful trading and investment decisions in the world of cryptocurrencies..