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Under the strict regulation of the Canadian Securities and Regulatory Commission (CSA), the cryptocurrency market in Canada still has been thriving, providing a safe and efficient trading environment for investors in Canada. Choosing suitable cryptocurrency exchange is crucial for any investor trading digital assets, so keep reading to learn more about the best crypto exchanges for Canadian customers in 2024.
Although crypto industry saw many setbacks over the past year, the interests and demand for cryptocurrency from investors in Canada is huge. Ranking 19th in 2023 Global Crypto Adoption Index by Chainalysis, Canada is one of only four G7 countries on that list. In Canada, benefiting from the government’s supportive stance on blockchain and cryptocurrencies, traders are allowed to access to major international exchanges with good reputation.
Table of contents
- Kraken
- Bitbuy
- Coinbase
- NDAX
- Kraken vs. Bitbuy vs. Coinbase vs. NDAX
- BTCC (MOST RECOMMENDED: Up to $15,015 Bonus to claim)
The Best Crypto Exchanges of March 2024
The following sets forth a comprehensive guide to what we have determined to be the best crypto exchanges for Canadian customers in March 2024 and their pros&cons. In this article, we will introduce the best crypto exchanges based on factors such as security, fees, and the range of available cryptocurrencies. Whether you are a newcomer or advanced trader, we believe this article will help you find the most suitable exchange for your demand.
Kraken
Kraken is a United States–based cryptocurrency exchange, founded in 2011. As a leading player in Canada’s cryptocurrency market, Kraken serves over 9 million clients in 190 countries and boasting a substantial $207 billion in quarterly trading volume. It earns global trust for its reliability, making it an excellent choice for traders seeking competitive fees and sophisticated trading instruments.
Bitbuy
With mission of providing fellow Canadians convenient, dependable, and secure access to Bitcoin and other cryptocurrencies, Bitbuy has grown to become the leading exchange in the Canadian market, offering services primarily to Canadian investors. Bitbuy stands out as the prime choice crypto change for safety and compliance with Canadian laws. The recent merger with major Canadian crypto exchanges like Coinberry, Coinsmart, and Bitbuy solidifies its status as the top crypto exchange in Canada, demonstrating its commitment to serving Canadian users and aiming to dominate the local market.
Coinbase
Established in 2012, Coinbase is the world’s leading cryptocurrency exchange, offering Canadian investors trading options for over 50 cryptocurrencies. Featuring by its ease of use and simple approach to crypto investing, Coinbase is one of the most popular trading platforms in Canada.
NDAX
Founded in 2017 by Bilal Hammoud and Usman Sheikh, NDAX is another popular exchange that offers a range of coins and tokens, as well as a number of deposit and withdrawal options. Known for its competitive fee structure, NDAX also offers cryptocurrency trading and pledge incentives. NDAX is a beginner-friendly exchange that provides a good amount of popular digital currencies and it is the only Canadian crypto exchange that offers crypto staking.
Kraken vs. Bitbuy vs. Coinbase vs. NDAX
| Exchange | Pros | Cons |
| Kraken |
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| Bitbuy |
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| Coinbase |
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| NDAX |
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BTCC (MOST RECOMMENDED: Up to $15,015 Bonus to claim)
After introduce the above four popular exchanges in Canada, here, we would like to introduce BTCC, one of the longest-running exchange in the world, which not only boosts these advantages, but also avoids the shortcomings or offers good solutions.
As one of the longest-running exchange in the world, BTCC is committed to making crypto trading reliable and accessible to everyone. With a mission of providing a trading platform that is fair and reliable in every sense, BTCC strives to uplift the industry’s standard for quality trading. At present, BTCC offers service in more than 100 countries and regions with more than 6 million registered users. The following sets forth the major advantages that BTCC owns compared with other major exchanges.
Industry-leading security
BTCC attaches great importance on security. Since founded in 2011, BTCC has never been hacked or been a victim of any other kind of successful malicious attack, which fully illustrates its security capabilities. Through measures like segregation of assets, 1:1 storage of users’ assets, money laundering prevention and identity authentication and no collateralising tokens for loans, BTCC enjoys good reputation in asset security.
High Liquidity & Volume
BTCC is ranked top 10 by trading volume on both CoinMarketCap and CoinGecko, the world’s two largest crypto information platforms. BTCC prides itself on providing crypto futures trading services to users worldwide with market-leading liquidity, offering perpetual futures on over 100 cryptocurrencies, including BTC, ETH, DOGE, LTC, SOL, XRP, SHIB, etc.
Extremely low fees
Charging high fees means less return for investors. Compared with other major exchanges, BTCC only charges 0.06% for both takers and makers, which are far below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.
High and rich rewards
BTCC holds all kinds of campaigns where investors can participate to win exciting rewards. For example, new users can get rewards up to 10,055 USDT coupon through completing relevant missions, like registration, identity verification, first deposits, cumulative futures trading volume, etc. Besides, becoming VIP also can enjoy rewards like VIP-exclusive perks, including discounts on trading fees, access to exclusive campaigns, BTCC merch, priority customer support, fast withdrawal, and many more.
Large and flexible funding options
In addition to the major digital currencies like BTC, ETH, BCH, LINK, LTC, ADA, DOT, EOS, XRP, and UNI, investors can also trade DASH, DOGE, SHIB, FIL, XLM, XMR, GRT, RNDR, EGLD, and KLAY on BTCC. BTCC offers flexible leverage up to 150x across daily and perpetual contract types, supporting a wide range of popular trading pairs such as BTC/USDT, ETH/USDT, ADA/USDT.