Are you interested in buying your first cryptocurrency or have been holding it for years? in today’s article, I share with you the Best Cryptocurrency Trading Platform in Canada so if you want to see which one best suits your needs make sure you watch this video till the end.
There are many factors to consider when choosing a crypto trading platform form such as coin offering fees features security and skill level there is no one-size-fits-all solution so you have to weigh the pros and cons of each option and decide what works best for you you may even want to use more than one platform to fulfill different needs.
Best Cryptocurrency Trading Platform in Canada 2025
Wealthsimple
Wealthsimple is your all-in-one investing and banking platform Wealthsimple offers managed investing, self-directed investing, spending accounts, saving accounts, and a platform for buying and selling cryptocurrency. Wealthsimple allows you to buy and sell over 50 different cryptocurrencies you can also stake four coins to earn passive income set price alerts Place limit orders and schedule reoccurring purchases Wealthsimple used to have a major drawback you couldn’t withdraw your crypto to your wallet or transfer to another platform.
however, this is no longer the case Wealthsimple now supports crypto withdrawals and transfers giving you more control and flexibility over your assets the main downside of Wealthsimple is its High trading fee of 2% Which is higher than most of its competitors however it does not charge any deposit or withdrawal fees which is a plus Wealthsimple is ideal for beginners who are already using the Wealthsimple platform for their other investing and banking needs and want to try out the crypto World also Wealthsimple has built a trusted name here in Canada so if you were to leave your coins on a platform Wealthsimple would be one of the safest options.
Newton
This platform is very beginner-friendly and simple to use. A Canadian platform has one of the lowest fees and largest selection of coins which is more than 70 some platforms can make it difficult to open an account add funds and even withdraw but a platform like Newton makes everything cheap and easy Newton is trustworthy enough to keep a small portfolio on the platform but it also doesn’t punish you for withdrawing additionally
they have a strong signup bonus and referral Program earn a $25 sign-up bonus and purchase $100 or more in crypto, as for the downside they don’t offer much more than basic crypto trading no Advanced charting tools staking spending accounts or any other unique features. if you just want a basic and beginner-friendly platform to invest in crypto Newton is one of your best options
Shakepay
Shakepay isn’t a crypto trading platform it’s more of a spending account that also allows you to buy and sell crypto this spending account rewards you with 1% of your purchases in the form of Bitcoin plus earn an additional 1% on the first $5,000 spend, Additionally, you can set up your direct deposit so your paycheck will go directly into your Shakepay account then from there you can buy crypto spend using the card send money to friends and even pay bills like utilities and property tax
you’re also able to schedule automatic purchases of crypto which is great for dollar cost averaging and growing your crypto portfolio. Shakepay has a fun feature called Shake for SATs which allows you to earn Bitcoin by shaking your phone once a day the main drawback of Shakepay is that it only supports Bitcoin and Ethereum for trading and it does not offer to stake it also has a higher than average spread fee but it compensates that by covering all Fiat and crypto withdrawal fees including minor and gas fees
Shakepay is ideal for anyone who wants to combine crypto with their everyday banking Shakepay spending Account is similar to a checking account at a bank but instead of holding cash in a savings account you hold Bitcoin in Ethereum which can appreciate over time, Shakepay is for those who want to use crypto as a form of money and enjoy its benefits
Ndax
Ndax is a Calgary-based cryptocurrency exchange that caters to Canadian traders who want to keep their coins on the platform because it’s simple and easy to use it’s specifically for a beginner Trader looking to make profits on short-term gains they offer more than 30 different cryptocurrencies they have Easy signup and get setup process they have one of the lowest trading fees in Canada and they have an advanced trading platform that offers more sophisticated tools and Order types
Their cons include a limited coin selection and lack of different trading pairs another downside is its high withdrawal fee of $4.99 which can eat into your profits, therefore, it’s better to withdraw less frequently and in larger amounts on the bright side index allows you to stake some of your coins and earn passive income while they’re on the platform, ultimately index is a good option for beginner traders who want a low cost and userfriendly platform to trade crypto in Canada.
Bull Bitcoin
Bull Bitcoin is a Montreal-based Bitcoin exchange and payment service that lets you buy Bitcoin directly into your wallet this means you don’t have to trust both Bitcoin to hold your coins for you, you are in full control of your own Bitcoin this has several advantages such as faster transactions more security and the cheapest way to buy Bitcoin without KYC verification you can even buy Bitcoin with cash at any Canada Post Office
This makes bull Bitcoin ideal for anyone who values personal custody and privacy of their Bitcoin transactions the main drawback of Bull Bitcoin is that you cannot keep your Bitcoin on the platform so you have to find a way to store and secure your coins this also means that Bull Bitcoin is not for Traders who want to make a quick profit buying and selling frequently plus it’s hard to do that when the only coin available is Bitcoin but if you’re looking for a simple and reliable way to buy and hold Bitcoin in your possession then Bull Bitcoin is the platform for you.
