Canadian Securities Regulators Update Crypto Guidelines
CSA introduces new regulatory framework for cryptocurrency trading platforms.
Read moreBest Crypto Banking Services in Canada
Compare FINTRAC-registered crypto platforms with CAD support and advanced trading features.
Top Canadian Crypto Banks Comparison
| Provider | Rating | Key Features | Trading Fees | Currencies | |
|---|---|---|---|---|---|
 Coinsquare
Top Pick
| 4.7 |
| 0.20% /trade | 80+ coins | Visit Site |
| Newton | 4.6 |
| 0.00% /trade | 60+ coins | Visit Site |
| Netcoins | 4.5 |
| 0.50% /trade | 40+ coins | Visit Site |
| Bitbuy | 4.5 |
| 0.20% /trade | 25+ coins | Visit Site |
| NDAX | 4.4 |
| 0.20% /trade | 30+ coins | Visit Site |
| Shakepay | 4.4 |
| 0.00% /trade | 2+ coins | Visit Site |
| Coinberry | 4.3 |
| 0.50% /trade | 20+ coins | Visit Site |
| Kraken Canada | 4.3 |
| 0.26% /trade | 120+ coins | Visit Site |
| Binance Canada | 4.2 |
| 0.10% /trade | 350+ coins | Visit Site |
| Bull Bitcoin | 4.2 |
| 0.25% /trade | 1+ coins | Visit Site |
Coinsquare
Top Pick
4.7
Key Features
- FINTRAC Regulated
- Instant Funding
- QuickTrade
Trading Fees
0.20%/trade
Currencies
80+ coins
Newton
4.6
Key Features
- No-Fee Trading
- Instant Verification
- Mobile App
Trading Fees
0.00%/trade
Currencies
60+ coins
Netcoins
4.5
Key Features
- CSA Registered
- OTC Trading
- 24/7 Support
Trading Fees
0.50%/trade
Currencies
40+ coins
Bitbuy
4.5
Key Features
- Pro Trade Platform
- Express Trade
- OTC Desk
Trading Fees
0.20%/trade
Currencies
25+ coins
NDAX
4.4
Key Features
- Institutional Grade
- Staking
- Advanced Orders
Trading Fees
0.20%/trade
Currencies
30+ coins
Shakepay
4.4
Key Features
- Bitcoin Cashback
- Instant Transfers
- No Fees
Trading Fees
0.00%/trade
Currencies
2+ coins
Coinberry
4.3
Key Features
- Simple Interface
- Wealth Services
- OTC Trading
Trading Fees
0.50%/trade
Currencies
20+ coins
Kraken Canada
4.3
Key Features
- Advanced Trading
- Margin Trading
- Futures
Trading Fees
0.26%/trade
Currencies
120+ coins
Binance Canada
4.2
Key Features
- High Liquidity
- P2P Trading
- Staking
Trading Fees
0.10%/trade
Currencies
350+ coins
Bull Bitcoin
4.2
Key Features
- Non-Custodial
- Dollar Cost Averaging
- Bitcoin Only
Trading Fees
0.25%/trade
Currencies
1+ coins
Latest Canada Crypto Banking News
Major Canadian Banks Embrace Crypto
Leading Canadian banks announce plans to offer cryptocurrency services to retail customers.
Read moreWhy Choose a Canadian Crypto Platform?
Regulatory Compliance
Licensed and regulated by FINTRAC with provincial securities oversight.
CAD Support
Direct CAD deposits and withdrawals through Interac e-Transfer and bank wires.
Low Fees
Competitive trading fees and often free deposits/withdrawals.
Expert Reviews
Coinsquare
4.7/5
Coinsquare stands out as a leading Canadian crypto platform with its robust security measures and FINTRAC compliance. The platform offers an excellent balance of features for both beginners and advanced traders.
Pros
- Strong regulatory compliance
- Fast CAD funding
- Advanced trading features
Cons
- Higher fees for instant trades
- Limited altcoin selection
Reviewed by Michael Thompson on January 10, 2024
Canada Crypto Banking FAQ
Are crypto platforms regulated in Canada?
Yes, crypto platforms in Canada must register with FINTRAC and comply with provincial securities regulations. Many platforms are also registered with the CSA and IIROC.
What payment methods are available?
Canadian crypto platforms typically support Interac e-Transfer, bank wires, and direct bank deposits. Some platforms also offer credit card purchases.
How are crypto gains taxed in Canada?
In Canada, crypto gains are typically treated as either capital gains (taxed at 50%) or business income, depending on your trading activity and intention.