Best Crypto Exchanges In Canada For July 2024
The past few years have seen significant rise in terms of ownership and adoption in the crypto market in Canada , and trading crypto has emerged as one of the most common investment methods. However, due to the fast development of cryptos, more and more exchanges emerge one after another, making it a difficult task for investors to select a best exchange, especially for newcomers.
Are you looking for a best crypto exchange to start your trading journey in Canada? This article will pick five best crypto exchanges for your reference, thus making it easier for you to select a best crypto exchange for your crypto trading journey.
Table of Contents
Best Crypto Exchanges In Canada For July 2024
＼Deposit and Receive Up to 10,055 USDT!／
What is a Crypto Exchange?
A cryptocurrency exchange is a platform that allows customers to buy, sell and trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies.
Working similarly like a broker, a cryptocurrency exchange helps the investors to buy and sell in digital currencies such as Bitcoin, Ethereum or Tether. These platforms work on digital marketplace such as mobile apps or via desktop functions similarly like e-brokerages.
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Best Crypto Exchanges In Canada For July 2024
Next, we will list five best crypto exchanges based on our analysis, introducing their respective pros&cons. We believe this article will offer you some profound insight for your selection of a best Canadian crypto exchange.
Bitbuy
With mission of providing fellow Canadians convenient, dependable, and secure access to Bitcoin and other cryptocurrencies, Bitbuy is one of the largest cryptocurrency exchanges in Canada. Its regulated status, large asset size, and growing number of users and trading volume all prove its leading position in the cryptocurrency trading space.
To have a better knowledge about this exchange, the following chart sets forth the pros & cons of Bitbuy:
| Bitbuy | Pros | Cons |
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| Why we pick: Bitbuy’s constant commitment to security and its clean track record make it a trustworthy choice for Canadian crypto investors. Besides, the user-friendly interface make Bitbuy one of the best choices for newcomers. However, its relatively high fee and small selection of cryptos may make it less attractive for some investors. | ||
Coinbase
Founded in 2012, Coinbase is a world-renowned digital asset exchange. Coinbase offers trading services for Bitcoin and other digital currencies, and users can buy, sell, store, and transfer cryptocurrencies on the platform. Known for its user-friendly interface, simplifying one-time or recurring crypto transactions, Coinbase is regarded as a top choice for Canadians when selecting a best crypto choice.
To have a better knowledge about this exchange, the following chart sets forth the pros & cons of Coinbase:
| Coinbase | Pros | Cons |
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| Why we pick: Coinbase stands out for an easy-to-use interface that makes one-time or recurring crypto transactions a snap. Besides, the option to stake certain assets adds to its appeal. However, its relatively high fees for the convenience it offers may scare away some potential investors. | ||
Kraken
Established in 2011, Kraken is a major player in global crypto market. As one of the safest exchange around the world, Kraken serves more than 7 million registered users in more than 190 countries and territories with its high-quality services, diverse asset selection and stringent security standards. Despite facing competition from exchanges such as Binance and OKX, Kraken still maintains its significant position in the market.
To have a better knowledge about this exchange, the following chart sets forth the pros & cons of Kraken:
| Kraken | Pros | Cons |
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| Why we pick: Kraken’s extensive range of assets and user-friendly experience make it a versatile choice for both beginners and experienced traders in Canada. Kraken provides two trading platforms: Kraken and Kraken Pro. | ||
Coinsquare
Coinsquare is a Canada-based cryptocurrency exchange founded in 2014, registered with FINTRAC, and adheres to IIROC standards, emphasizing regulatory compliance. Know for its regulatory compliance and strong customer support, Coinsquare is a safe choice for cryptocurrency trading in Canada.
To have a better knowledge about this exchange, the following chart sets forth the pros & cons of Coinsquare:
| Coinsquare | Pros | Cons |
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| Why we pick: with a commitment to providing an environment trusted by users for buying and selling digital currencies, Coinsquare has quickly made waves since its debut. Due to its strict regulatory compliance and robust security measures, Coinsquare is regarded as one of the best crypto exchanges in Canada. | ||
BTCC (Most Recommended)
Even for those popular exchanges on the list, there are both advantages and disadvantages. Last but not least, we would like to introduce BTCC, one of the longest-serving exchanges in the world. We recommend BTCC as the best crypto exchange overall as it boasts the following shining points:
- Secure：safeguarding users’ assets with several measuresis the top priority of BTCC. In more than a decade-long history, BTCC reports zero hacks or security breaches to date.
- High Liquidity & Volume：with BTCC’s market-leading liquidity, users can place orders of any amount—whether it’s as small as 0.01 BTC or as large as 50 BTC—instantly on BTCC
- Innovative：trade a wide variety of derivative products including perpetual futures and tokenized USDT-margined stocks and commodities futures, which are innovative products invented by BTCC.
- Flexible：select your desired leverage from 1x to 150x. Go long or short on your favourite products with the leverage you want.
- Excellent Customer Service: BTCC enjoys a good reputation in terms of customer support, indicating the excellent service it provides.
＼Deposit and Receive Up to 10,055 USDT!／
Final Words
In conclusion, the best crypto exchanges in Canada include Bitbuy, Coinbase, Kraken, Coinsquare and BTCC. Whether you are a newcomer or a seasoned trader, we believe you can certainly find your best pick after reading this article. However, investors should carefully assess relevant risks when using any cryptocurrency trading platform and make decisions based on their own circumstances.
＼Deposit and Receive Up to 10,055 USDT!／
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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