The Best Cryptocurrency (Bitcoin) Exchanges In Canada
As the world’s largest and most popular cryptocurrency named Bitcoin (BTC) is skyrocketing to new highs and tripling its price in 2020 already, we are showing you the best places where you can buy cryptocurrencies in Canada.
For those of you who don’t know, cryptocurrencies are entirely digital currencies that can be used as online versions of cash. Due to their massive increases in 2020, many prefer to keep them and hopefully double or triple their investments in the months and years to come.
the best way to buy crypto in Canada is from a legitimate cryptocurrency exchange. Besides Bitcoin (BTC), you can also purchase other cryptocurrencies such as Ethereum (ETH), Cardano (ADA), Chainlink (LINK) and more. So, let’s see the top places to buy cryptocurrency from in Canada.
One of the main advantages of BitBuy is the low fees of only 0.16%. The exchange allows you to buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS and Stellar and is perfect for beginners. The exchange is fully compliant with FINTRAC and popular among Canadians.
Coinberry is a great option if you want to buy cryptocurrency in Canada. There is 0% fee on deposits and withdrawals, and 0.5% trading fees which makes it one of the most affordable crypto exchanges in Canada. They also support credit card and wire transfers, as well as Interac eTransfers. The exchange is FINTRAC registered.
The trading platform is the true highlight of NDAX, a cryptocurrency exchange that is mostly better for more serious traders. You can fund your account through bank, cheque, wire transfer or Interac eTransfer. FINTRAC-compliant, this exchange is also registered as a money service business (MSB). You can use it to buy Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, and Stellar.
Binance is the world’s largest cryptocurrency exchange. Even though it doesn’t support Canadian Dollars (CAD), you can use it to buy more than 120 cryptocurrencies with USD and enjoy the low fees of 0.1%. Binance is reliable and has pairings for all major cryptocurrencies.
Last in our list is MyBTC.ca, which is an exchange you can use to only buy Bitcoin. It supports CAD purchases but has higher fees that go from 4.75% to 9.75% for funding your account. Currently, this exchange only offers Bitcoin but the reason why it is popular is because it supports payments using Flexepin vouchers.
We hope this guide helped you choose a crypto exchange and embark in the world of cryptocurrencies!