Buying crypto in Canada is straightforward once you know which platforms are allowed to serve Canadians, what they charge, and what to do with the coins after. The Canadian Securities Administrators keep a list of registered crypto trading platforms; anything not on it is either unregistered or banned. That list is the first thing to check, and it is where this page starts.
Everything below is sourced and dated. CryptoCanucks does not take referral fees from exchanges, so the platforms are listed as the regulator lists them, with the regulator's own wording on their registration.
Questions people ask
- Which crypto exchanges are legal in Canada?
- The ones registered with a provincial securities regulator and listed by the Canadian Securities Administrators as authorized to do business with Canadians. The list includes Coinbase Canada, Coinsquare, Kraken (Payward Canada), Ndax, Netcoins, Newton, Shakepay and Wealthsimple, among others. Check the CSA list before opening an account, because registrations change.
- What does it cost to buy bitcoin in Canada?
- Each platform publishes its own trading fee and spread, and Interac e-Transfer deposits are usually free. The guide compares the published fee schedules; the difference between a spread-based app and an order-book exchange can be several percent on a small purchase.
- Should I keep my coins on the exchange?
- Small amounts you trade often can stay on a registered platform. Larger holdings you plan to keep are safer in a wallet whose keys you control, because a registered platform can still fail, as QuadrigaCX did.
- How do I know a platform is not a scam?
- Search it at AreTheyRegistered.ca, call the number in the registration, refuse remote-access requests, and treat any fee to withdraw your own money as a red flag. The scam guide has the full checklist.