Cryptocurrency trading platforms are gaining in popularity as the sector continues to change.
The top 10 cryptocurrency trading platforms in Canada are listed below. It is possible to use these platforms to trade a wide range of currencies and use margin trading. These platforms will continue to increase in popularity and reliability as the market expands.
The best approach to earning money trading cryptocurrencies is to use a cryptocurrency exchange. There are plenty of them, but we’ve narrowed the field down to the top ten. All of them offer excellent features and are simple to use.
List Of Top 10 Legit Crypto Trading Platforms In Canada
The best platforms for crypto trading in Canada are those that provide a user-friendly interface, comprehensive charts and trade alerts.
While there are many options available, these 10 platforms are the most reputable and user-friendly. If you’re looking to get started in crypto trading, these platforms should be at the top of your list.
1. Coinbase
Coinbase is a crypto exchange and broker that services customers in Canada. This crypto exchange also accepts Canadian Dollars as currency on the platform. Coinbase is compliant with Canadian cryptocurrency and financial regulations.
There are some fees associated with using Coinbase for crypto trading, including 0.50% per trade, 3.99% for credit card purchases, and 1.49% for wallet or bank purchases. Coinbase offers 119 different crypto coins. Currently, Coinbase offers a mobile and web application.
2. Binance
Canadians may use Binance, a cryptocurrency exchange, to buy and sell digital money. This cryptocurrency exchange also takes Canadian Dollars as a mode of payment. Binance complies with Canadian cryptocurrency and banking legislation.
In addition to the 0.1 percent cost for trades under 50 BTC per month, Binance also charges a fee for BNB investments, reducing expenses. More than 398 cryptocurrencies may be traded on Binance. As of right now, Binance has a mobile and web-based app.
3. Gemini
Gemini is a cryptocurrency platform that serves Canadian consumers and citizens. This cryptocurrency exchange also takes Canadian Dollars as a mode of payment. Under Canadian cryptocurrency and banking legislation, Gemini is a fully regulated cryptocurrency exchange.
The use of Gemini for cryptocurrency trading comes with various costs, such as a 0.50 percent transaction charge, a fixed price of under $200, a 1.49 percent transaction fee beyond $200, and a 3.49 percent fee for transactions made with a credit card. Gemini has 68 different cryptocurrencies to choose from, and Gemini currently has a mobile and online app.
4. Kraken
Kraken is a Canadian-based cryptocurrency exchange platform. This cryptocurrency exchange also takes Canadian Dollars as a mode of payment. Cryptocurrency and banking restrictions in Canada are not a problem for Kraken.
Stablecoins are charged 0.9%, trades 0.0% to 0.26%, credit card payments 3.75 % + €0.25, and bank processing 1.7 % + $0.10 if you use Kraken for your crypto trading. There are a total of 98 different cryptocurrencies available with Kraken. Kraken now has a mobile and web-based app.
5. Paxful
Paxful is a Canadian-based cryptocurrency broker and exchange platform. This cryptocurrency exchange also takes Canadian Dollars as a mode of payment.
Following Canadian cryptocurrency and banking legislation, Paxful is available for use. Paxful charges a 1% fee for crypto transfers, which is included in the service’s cost. Paxful accepts three types of cryptocurrency, and Paxful now has a mobile and web-based app.
6. Crypto.com
Customers in Canada have access to Crypto.com, a cryptocurrency exchange. This cryptocurrency exchange also takes Canadian Dollars as a mode of payment. Per Canadian cryptocurrency and banking legislation, Crypto.com is permitted to operate.
Using Crypto.com to trade cryptocurrencies comes with a few costs, most of which are trading fees based on volume. More than 130 cryptocurrencies are available on Crypto.com, including the most popular. Crypto.com has a mobile app and a web app available right now.
7. BitMex
BitMex is a Canadian-based bitcoin trading platform. Unfortunately, this cryptocurrency exchange does not accept Canadian dollars as payment on the site. BitMex respects cryptocurrency laws and banking regulations in Canada.
BitMex charges a 0.01 percent maker fee and a 0.05 percent taker fee for cryptocurrency trading. Currently, there are nine distinct cryptocurrencies available on BitMex. BitMex currently has a mobile and online app.
8. Huobi Global
Customers in Canada may buy cryptocurrency through Huobi Global, an international crypto broker. Neither Canadian Dollars nor any other fiat money may be used as currency on the site of this crypto exchange.
It’s safe to say that Huobi Global complies with Canadian banking and cryptocurrency rules, and Huobi Global charges a taker fee of 0.063 percent on average when exchanging cryptocurrencies.
More than three-quarters of the world’s cryptocurrencies may be found on Huobi Global. Apps are available for mobile, desktop, and online platforms.
9. Cex.io
Customers in Canada can use Cex.io, a crypto exchange. This cryptocurrency exchange also takes Canadian Dollars as a mode of payment. Cex.io complies with all cryptocurrency and banking rules in force in Canada.
Cex.io charges 0.0005 BTC for withdrawals and 0.25 percent taker and 0.16 percent maker fees for trading in cryptocurrencies. Cex.io has 104 distinct cryptocurrencies available for purchase. Cex.io’s mobile and web apps are both now available.
10. CryptoHopper
CryptoHopper is both a crypto exchange and a platform for creating and managing automated trading bots for consumers in Canada.
This cryptocurrency exchange also takes Canadian Dollars as a mode of payment, and CryptoHopper is in full compliance with Canadian cryptocurrency and banking rules.
If you want to trade cryptocurrencies using CryptoHopper, you’ll have to pay between $19 and $99 each month to access the platform’s software.
CryptoHopper supports seventy-five different cryptocurrencies; however, which cryptocurrencies you may access depends on which crypto exchange you use. There is both a mobile and browser version of CryptoHopper available.
Read Also:
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FAQ
How Do I Buy And Sell Crypto In Canada?
Coinbase, Bitbuy, Kraken, Shakepay, CoinSmart, and Coinberry are the best places to buy Bitcoin and other cryptocurrencies in Canada.
You don’t need to do anything more than log onto the Netcoins platform and click ‘SELL’ on the trading page. It’s always free to withdraw money; you may do it directly to your bank account.
Is Kraken Good In Canada?
Kraken and Coinbase are two of the most trusted cryptocurrency exchanges on the market. San Francisco-based Kraken, established in 2011, is one of the early exchanges, and the company was founded in 2012. Yes, Kraken is a solid choice in Canada.
Which Platform Is Best For Crypto Trading?
It might be tough to choose the best cryptocurrency trading platform because they are offered on various platforms, and Bitfinex and Gemini are two more well-known exchanges. You may select from various platforms, each with its pros and limitations.
What Is The Safest Crypto Exchange In Canada?
What is the safest place to buy and sell cryptocurrency in Canada? Bitbuy, a FINTRAC-registered Money Service Business, is the safest bitcoin exchange in Canada.
Your coins are kept in a cold storage wallet and protected by bank-level security standards. You can move your coins on and off the exchange at any moment.
Is Coinbase Good In Canada?
Every month millions of users purchase and trade cryptocurrencies on Coinbase, a safe, easy-to-use, and reputable crypto exchange.
Due to its rivals such as NDAX, CoinSmart, Binance, Bitbuy, Kraken, and Crypto.com’s low trading costs, it’s difficult to justify the exorbitant transaction fees paid.
Conclusion
It’s possible to jump into the crypto frenzy in Canada by using a couple of the country’s greatest platforms. When picking a platform to use, keep in mind that not all of them have the same capabilities.
User-friendly design, effective security measures, and widespread availability are the hallmarks of Canada’s top crypto trading platforms. There should be little to no effort necessary for traders to use these platforms to make transactions swiftly.
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- I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.
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