Bitget is a global exchange catering to skilled users and offers a vast selection of altcoins for Canadian crypto traders. Finally, check out my video on how to use and trade with Coinsmart:Īfter Binance's exit from the Canadian market, Bitget has secured the second spot on our list of best crypto exchanges in Canada. However, you can avoid them by depositing over $2000 which is an amazing option and money saver.īecause of all these, we rated Coinsmart as a best crypto exchange in Canada. While low, CoinSmart charges deposit fees (like any other centralized Canadian crypto exchange).CoinSmart’s SmartTrade offers its users the ability to trade from one altcoin to another without having to convert to Bitcoin or Ethereum first.The crypto platform offers all the order types you could want as well as Over-the-Counter (OTC) services for large trades.CoinSmart offers a wide selection of cryptocurrencies.CoinSmart uses BitGo cold storage for its coins and it is FINTRAC registered Security: $100 million insurance coverage from Lloyd’s of London.Customer support: 24/7 live chat, email, and phone support.Trading fees are 0.20% for a single trade or 0.40% for a double trade. Withdrawal fees are 1% and there are various crypto withdrawal fees. Free deposits for deposits of $2000+ (I usually deposit $2000 at once to avoid fees). Trading fees: Deposit fee of 1.5% for deposits between $100 - $1999.Deposits methods: Interac e-Transfer, credit/debit cards, wire transfer.When I use services related to my financial assets, fast and helpful customer support is a MUST have, and Coinsmart has 24/7 live chat, email, and even phone support (the only Canadian crypto exchange that has phone support). Indeed, there are some Canadian cryptocurrency exchanges with slightly lower fees, but you might wait 2-7 days to verify your account, not to mention, customer support takes too long to reply. I personally love their low fees, fast buy/sell/withdrawal process, and really great support. The selection of coins is generous and they also have stablecoins (USDC). The majority of Canadian crypto exchanges take some time (2-7 days), to check and verify all your IDs. This means that you can sign up, deposit your CAD and start trading all on the same day. Built for Canadians looking to trade crypto, CoinSmart offers same-day deposits, 24-hour customer support, and same-day account verification. It's accessible indeed and I personally trade crypto with them for many reasons.īased in Toronto, CoinSmart has everything you need, whether your experience ranges from beginner to pro. They definitely follow their mission and this is why Coinsmart is the #1 best crypto exchange in Canada. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.Ĭoinsmart is a true Canadian crypto exchange and its mission is “making cryptocurrency accessible for Canadians”. Please be assured that our ratings are not influenced by these referral programs and our advice is always in the best interest of our Canadian audience. This supports our efforts to provide high-quality, independently researched content for Canadians. Our website uses referral links to the crypto exchanges mentioned in the article as a means of monetization. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. We considered only the most reputable exchanges specifically for Canadian users.ĭisclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only. In fact, Canada is on the list of disallowed countries under their terms. I could easily recommend Gate.io crypto exchange (like many crypto traders do) and get my 40% cut of your transactions but it's not the best choice for Canadians. We considered the most important factors so you can make a selection based on your needs. I've been trading crypto for over 7 years (since 2016) and got burned by scam artists in the past. We hope this list will help you to decide which crypto exchange platform would work the best for you in Canada.
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