9 Best Crypto Exchanges in Canada (September 2024) | CoinLedger (2024)

FAQs

Which is the best crypto exchange for Canada? ›

Kraken is one of the safest crypto exchanges for investors looking to trade 200+ cryptocurrencies. Crypto exchanges aren't generally regarded as the safest or most transparent platform, so industry-leading crypto trading platforms like Kraken stand out quite a bit.

As of today, we track 217 crypto exchanges with a total 24h trading volume of $83.6 Billion, a 22.15% change in the last 24 hours. Currently, the 3 largest cryptocurrency exchanges are Binance, Bybit, and OKX.

The best and safest way to buy Bitcoin is with a credit or debit card and on an exchange or platform that provides its clients with immense security, low fees, and customer convenience.

Vancouver and Toronto were the leading Canadian cities in terms of businesses that accepted cryptocurrency in 2021. This is according to open-source tracking, which tried to list how many companies either had an in-store ATM or accepted them for POS payments.

While no exchange can guarantee absolute security, Bitget has maintained a strong track record of security and has never been hacked. With over 20 million users, Bitget has established itself as a trusted and reliable platform in the cryptocurrency industry.

In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.

15 Cryptocurrencies that will Skyrocket for Next Bull Run 2024 [August 2024 List]: EarthMeta ($EMT) – Metaverse decentralized with AI integrations. Cybro ($CYB) – AI and blockchain integration. CryptoScan ($CSC) – Blockchain security tool.

Which crypto has 1000x potential? ›

With potential returns projected at 1000x by 2025, 5thScape is a promising contender in the rapidly evolving crypto landscape.

Which new crypto has the most growth potential? EarthMeta Token (EMT) is being touted by crypto analysts as having significant growth potential. With predictions of reaching over $10 by 2030, EMT's potential growth is driven by its limited supply of digital assets and the increasing adoption of metaverse technologies.

Binance. As the largest cryptocurrency exchange by trading volume, Binance is known for its stringent security measures. These include 2FA, cold storage, and a Secure Asset Fund for Users (SAFU) to protect funds in case of security breaches.

As crypto prices on crypto exchanges can vary slightly, the best place to find the most accurate live crypto prices is on crypto price tracking sites. Some of the most widely used and trusted crypto price tracking sites are: CoinMarketCap. CoinGecko.

Coinbase: Ideal for beginners due to its user-friendly interface and educational materials. Binance: Offers a more comprehensive set of tools and lower fees, making it a solid choice for experienced traders.

Coinbase is one of the largest crypto exchanges in the world with support in over 200 countries. It's also the most popular cryptocurrency exchange in Canada. According to the Bank of Canada, 38% of Canadians use it to purchase bitcoin on the web or via mobile app.

Kraken is a global cryptocurrency exchange and is considered one of the best crypto platforms in Canada. It is beloved for its wide range of cryptocurrencies and advanced trading features.

Coinbase is ideal for beginners and retail investors, offering a user-friendly interface, educational resources, and a straightforward trading experience. Kraken is better suited for advanced traders, providing advanced trading features, a broader range of trading pairs, and comprehensive security measures.