What's the best crypto exchange in Canada?

The best exchange depends on your needs. Coinbase and Kraken are popular for beginners due to their user-friendly interfaces and strong security. Bitget and Binance offer lower fees for experienced traders. We recommend comparing rates across multiple platforms.

Do I need to pay taxes on crypto in Canada?

Yes, the Canada Revenue Agency (CRA) treats cryptocurrency as a commodity for tax purposes. You need to report capital gains or losses when you sell, trade, or spend crypto. Keep detailed records of all transactions.

Is it safe to buy crypto in Canada?

Yes, buying crypto in Canada is safe when you use regulated exchanges. All legitimate platforms must register with FINTRAC and follow strict anti-money laundering rules. Choose exchanges with two-factor authentication and cold storage.

Can I use Interac e-Transfer to buy crypto?

Yes! Interac e-Transfer is one of the most popular payment methods for buying crypto in Canada. Most major Canadian exchanges support Interac deposits. Transfers are typically instant with lower fees than credit cards.

What fees should I expect when buying crypto?

Fees vary by exchange and payment method. Typical costs include trading fees (0.1%–2%), deposit fees (free for Interac, 3–4% for credit cards), and network fees for withdrawals. Compare total costs across platforms.

What's the cheapest way to buy Bitcoin in Canada?

The cheapest way is to use a low-fee exchange with Interac e-Transfer deposits. Exchanges like Kraken and Newton typically have the lowest trading fees. Avoid credit cards as they charge 3–4% fees.

Exchange	Fees	Payment Methods	Est. Return
Binance	0.1-3.5%	Bank Transfer, Card	0.001020 BTC Best Return
Kraken	0.26-1.5%	Interac, Bank Transfer, Wire	0.001018 BTC -0.000002 BTC
Bitget	0.1-2%	Bank Transfer, Credit/Debit	0.001016 BTC -0.000004 BTC
Gemini	1.49%	Wire, ACH	0.001016 BTC -0.000004 BTC
Bitbuy	0.1-0.5%	Interac, Bank Transfer	0.001016 BTC -0.000004 BTC
MoonPay	3.5-4.5%	Credit Card, Debit Card, Bank Transfer	0.001016 BTC -0.000004 BTC
OKX	0.08-0.15%	Bank Transfer, Credit/Debit Card	0.001016 BTC -0.000004 BTC
Crypto.com	0.4-2.99%	Credit Card, Debit Card, Bank Transfer	0.001016 BTC -0.000004 BTC
NDAX	0.2-1.75%	Interac, Bank Transfer, Wire	0.001016 BTC -0.000004 BTC
Bybit	0.1-0.6%	Bank Transfer, Credit/Debit Card	0.001016 BTC -0.000004 BTC
Uniswap	0.05-1%	Crypto only (DEX)	0.001016 BTC -0.000004 BTC
Coinbase	0.5-3.99%	Interac, Bank Transfer, Credit/Debit	0.001005 BTC -0.000014 BTC

Payment Method	Speed	Fees	Limits	Description
Interac e-Transfer	Instant – 30 min	Free – $1.50	$100 – $25,000/day	Most popular in Canada. Instant deposits on most exchanges with minimal fees.
Credit Card	Instant	2.5% – 3.99%	$50 – $20,000	Instant purchases but higher fees. Good for small, quick buys.
Wire Transfer	1–3 business days	$0 – $25	$500 – $500,000+	Best for large purchases. Lower percentage fees but slower processing.

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Fast Facts About Buying Crypto in Canada

Crypto is legal in Canada

ID verification (KYC) required before buying

60+ exchanges operate in Canada

Interac e-Transfer is most popular

CRA requires reporting crypto gains

Bitcoin and Ethereum most popular

Complete Guide to Buying Cryptocurrency in Canada

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