XCFDs are complex instruments. They are high-risk investments with a potential to lose money quickly.‎ ‎ ‎ ‎

Best Crypto Platforms in 2025

Crypto Platform
Minimum Deposit
Features
Our Review
Learn More
#1
Tight spreads and excellent liquidity
#1Featured Offer
Featured Offer
Minimum Deposit
$10
Available Cryptos
250+
Services Offered
Trading
CSA Registration
No (in progress)
Fees
Starting from 1.49%.
Usability
Ultra-intuitive interface
Available Cryptos
250+
Services Offered
Trading
CSA Registration
No (in progress)
Fees
Starting from 1.49%.
Usability
Ultra-intuitive interface
  • Wide range of tokens and support for the oldest tokens
  • Connected to 30 underlying exchanges
  • Automatic and recurring transactions for periodic purchases
  • Wide range of tokens and support for the oldest tokens
  • Connected to 30 underlying exchanges
  • Automatic and recurring transactions for periodic purchases
With our partner Uphold
#2
73+ millions of users
#2Recommended Offer
Recommended Offer
Minimum Deposit
$1
Available Cryptos
190+
Services Offered
Wallet, Exchange, Staking, Card, Crypto Index
CSA Registration
Yes
Fees
Starting from 1.49%.
Usability
Ultra-intuitive interface
Additional Services
Coinbase One Membership
Available Cryptos
190+
Services Offered
Wallet, Exchange, Staking, Card, Crypto Index
CSA Registration
Yes
Fees
Starting from 1.49%.
Usability
Ultra-intuitive interface
Additional Services
Coinbase One Membership
  • Independent of Coinbase accounts, available via an app.
  • Membership offering trading and staking perks
  • Specialized financial services for institutional investors.
  • A development platform for blockchain applications.
  • Independent of Coinbase accounts, available via an app.
  • Membership offering trading and staking perks
  • Specialized financial services for institutional investors.
  • A development platform for blockchain applications.
With our partner Coinbase
#3
#3Recommended Offer
Recommended Offer
Minimum Deposit
$20
Available Cryptos
50+
Services Offered
Wallet, Exchange, Trading, Staking, OTC
CSA Registration
Yes
Fees
Starting from 0.50%.
Usability
Intuitive interface and advanced tools
Available Cryptos
50+
Services Offered
Wallet, Exchange, Trading, Staking, OTC
CSA Registration
Yes
Fees
Starting from 0.50%.
Usability
Intuitive interface and advanced tools
  • 2 available platforms adapted to beginner and experienced traders
  • No trading fees, only spread is charged on a trade quote
  • Reliable and secure platform regulated by CIRO, OSC, CSA and FINTRAC
  • Free CAD deposits and withdrawls with Interac
  • Excellent quality, professional and responsive customer service
  • 2 available platforms adapted to beginner and experienced traders
  • No trading fees, only spread is charged on a trade quote
  • Reliable and secure platform regulated by CIRO, OSC, CSA and FINTRAC
  • Free CAD deposits and withdrawls with Interac
  • Excellent quality, professional and responsive customer service
Minimum Deposit
$1
Available Cryptos
60+
Services Offered
Exchange, staking, lending, card, wallet
CSA Registration
Yes
Fees
Starting from 0%.
Usability
Intuitive interface
Available Cryptos
60+
Services Offered
Exchange, staking, lending, card, wallet
CSA Registration
Yes
Fees
Starting from 0%.
Usability
Intuitive interface
  • Increased compensation for Nexo token holders
  • Highly advanced security system
  • High-performance staking functionality
  • Limited number of cryptos available
Pros
Cons
  • Increased compensation for Nexo token holders
  • Highly advanced security system
  • High-performance staking functionality
With our partner Nexo
Minimum Deposit
$50
Available Cryptos
200+
Services Offered
Trading, staking, card, crypto index
CSA Registration
Yes
Fees
Starting from 0.075%.
Usability
Simple and intuitive interface
Available Cryptos
200+
Services Offered
Trading, staking, card, crypto index
CSA Registration
Yes
Fees
Starting from 0.075%.
Usability
Simple and intuitive interface
  • Very intuitive trading interface
  • Very active customer service
  • Reputable and secure platform
  • Not available in Quebec
Pros
Cons
  • Very intuitive trading interface
  • Very active customer service
  • Reputable and secure platform
Show more
Table of Contents
  • What is a cryptocurrency?
  • Which platforms to invest in cryptocurrency?
  • What are the fees charged by crypto brokers and platforms?
  • What services are offered by crypto platforms?
  • Which cryptocurrencies can be traded with an online platform?
  • How to choose a cryptocurrency platform?
  • What is the best crypto platform according to experience level?
  • Which crypto platforms are registered in CA?
  • What strategies are there for investing in cryptocurrencies?
  • What taxation applies to income from crypto trading in CA?
  • Our guides

What is a cryptocurrency?

A cryptocurrency is a type of digital currency that exists only online and is not issued by any government or central authority. Unlike traditional money (like dollars or euros), cryptocurrencies are not printed or controlled by a bank. Instead, they use cryptographic techniques to secure transactions and control the creation of new units. This digital nature and independence from central banks make cryptocurrencies unique—they allow for quick, borderless transfers of value and give individuals more control over their funds.

One of the main innovations behind cryptocurrencies is the use of decentralized transactions. Traditional financial systems rely on intermediaries such as banks to verify and process payments. In contrast, cryptocurrencies use a network of computers (called a peer-to-peer network) where each participant can make and verify transactions directly, without needing an intermediary. The backbone of this system is the blockchain—a public digital ledger where all transactions are recorded transparently and securely. This means that no single entity controls the network, and every user can trust the system without relying on a third party.

Essential ElementRole
BlockchainKeeps a secure and transparent record of all transactions
WalletStores and manages your cryptocurrencies
Private KeyAllows you to access and control your cryptocurrency funds
Key components and their roles in cryptocurrency systems
Blockchain
Role
Keeps a secure and transparent record of all transactions
Wallet
Role
Stores and manages your cryptocurrencies
Private Key
Role
Allows you to access and control your cryptocurrency funds
Key components and their roles in cryptocurrency systems

To keep the network secure and functional, cryptocurrencies rely on people called miners or validators. These network participants confirm and validate transactions made by users. By doing this, they ensure that no one can spend the same coins twice and that the records on the blockchain are accurate. In return for their work, miners or validators may be rewarded with new coins or transaction fees. Their role is essential to maintaining trust and security within the cryptocurrency network.

Which platforms to invest in cryptocurrency?

Investing in cryptocurrencies can be done in different ways, depending on your objectives and level of expertise. In Canada, there are two main types of online platforms to get exposure to crypto: crypto exchanges (for buying “real” coins, known as spot investing) and crypto brokers (for trading price movements via derivatives like CFDs). These approaches serve different needs—long-term investors looking to hold coins typically prefer exchanges, while those seeking to actively trade and use leverage may choose brokers. Understanding how each works will help you choose the platform that matches your strategy and risk appetite.

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Good to know: What is a crypto CFD?

A CFD (Contract for Difference) is a financial derivative that allows you to speculate on the price movement of a cryptocurrency without owning the underlying asset. With a crypto CFD, you’re essentially betting on whether the price of a coin (like Bitcoin or Ethereum) will go up or down. CFDs are popular because they offer leverage: with a smaller amount of capital, you can control a larger position (amplifying both potential profits and losses). However, you never actually hold the crypto—your exposure is entirely via the price contract with the broker.

CriteriaCrypto ExchangeCrypto Broker (CFD & Derivatives)
Ownership of CryptoYes – you own and can withdraw coinsNo – you never hold the actual crypto
Market AccessSpot market (real coins at current prices)Derivatives market, exposure via contracts
LeverageNot usually available (or limited)Frequently offered (e.g. x2, x5, up to x20)
Advanced Trading ToolsVaries by platform; often basic to moderateWide range: stop-loss, take-profit, short selling
FeesOften % per trade; network withdrawal feesSpread + overnight fees if holding positions
RegulationVaries; must check Canadian regulatory statusVaries; some brokers regulated by securities bodies
Use CaseBuy, hold, transfer, stake, or use cryptosShort-term trading on price fluctuations
Investor ProfileLong-term holder, beginner to intermediateActive trader, advanced, risk-tolerant
Comparison between crypto exchanges and crypto brokers (CFDs & derivatives).
Ownership of Crypto
Crypto Exchange
Yes – you own and can withdraw coins
Crypto Broker (CFD & Derivatives)
No – you never hold the actual crypto
Market Access
Crypto Exchange
Spot market (real coins at current prices)
Crypto Broker (CFD & Derivatives)
Derivatives market, exposure via contracts
Leverage
Crypto Exchange
Not usually available (or limited)
Crypto Broker (CFD & Derivatives)
Frequently offered (e.g. x2, x5, up to x20)
Advanced Trading Tools
Crypto Exchange
Varies by platform; often basic to moderate
Crypto Broker (CFD & Derivatives)
Wide range: stop-loss, take-profit, short selling
Fees
Crypto Exchange
Often % per trade; network withdrawal fees
Crypto Broker (CFD & Derivatives)
Spread + overnight fees if holding positions
Regulation
Crypto Exchange
Varies; must check Canadian regulatory status
Crypto Broker (CFD & Derivatives)
Varies; some brokers regulated by securities bodies
Use Case
Crypto Exchange
Buy, hold, transfer, stake, or use cryptos
Crypto Broker (CFD & Derivatives)
Short-term trading on price fluctuations
Investor Profile
Crypto Exchange
Long-term holder, beginner to intermediate
Crypto Broker (CFD & Derivatives)
Active trader, advanced, risk-tolerant
Comparison between crypto exchanges and crypto brokers (CFDs & derivatives).

Exchange crypto

A crypto exchange is a digital platform where you can buy, sell, and store actual cryptocurrencies like Bitcoin or Ethereum. When you purchase crypto on an exchange, you own the coins and can withdraw them to a personal wallet for safekeeping. You can also use exchanges for other purposes, such as staking (earning rewards by locking up your coins), or simply holding (known as “HODLing”) for the long term. In most cases, exchanges offer straightforward access to the spot market, meaning you trade at the current market price, with no leverage or exposure to derivatives.

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Example of investing via an exchange

Suppose you decide to invest 1,000 CAD in Ethereum on a crypto exchange. You buy the coins at the current market price and store them in your wallet, intending to hold them for several years. If Ethereum’s value increases over time, your investment’s value rises. You can keep the ETH in the exchange’s wallet or move it to your own hardware wallet for additional security.

Broker crypto

Crypto brokers offer a different way to invest through financial derivatives like CFDs. With a broker, you don’t actually own any crypto. Instead, you enter into a contract predicting whether a specific coin’s price will go up or down over a certain period. This method is especially suited to short-term trading, and typically comes with advanced trading tools—such as leverage (allowing you to control a bigger position with less capital), stop-loss and take-profit orders, and rapid execution.

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Example of investing via a broker

Let’s say you want to trade Bitcoin with leverage. You open an account with a broker offering crypto CFDs. You deposit 500 CAD and decide to open a position worth 2,500 CAD (using x5 leverage) betting that BTC will go up. If Bitcoin’s price rises by 10%, your profit (before fees) is 250 CAD (10% of 2,500 CAD)—but if the price drops by 10%, you lose your whole 500 CAD. You never own Bitcoin; your gains or losses depend entirely on price movements and the terms of your CFD contract.

What are the fees charged by crypto brokers and platforms?

Trading cryptocurrencies involves several types of fees, which can differ significantly based on your choice of platform, investment method (spot or CFD), and how often you trade. Understanding these fees is essential, whether you're planning occasional purchases or active trading, as they can impact your overall returns. Below is a simplified comparison of the main fee types you may encounter on crypto exchanges and with brokers.

Fee typeDefinitionTypical range observed
Trading feeCommission charged for each buy or sell transaction.0.10% – 1% per trade
SpreadDifference between buying and selling prices quoted by the platform.0.2% – 1.5%
Deposit feeCost to fund your account via bank transfer, credit card, or other methods.$0 – 4.5% per deposit
Withdrawal feeAmount charged when cashing out funds or crypto from your account.$0 – 60 (flat) or 0% – 1%
Inactivity feePeriodic charge if your account is unused for a specified duration.$0 – $10/month
CFD overnight feeDaily interest applied to leveraged CFD positions held overnight.0.01% – 0.10% per night
Conversion feeApplied when converting between different fiat currencies.0.1% – 1.5% per conversion
Network feeBlockchain transaction cost, often variable based on network congestion.$0.50 – $25 per transaction
Comparison of main fee types on crypto exchanges and brokers.
Trading fee
Definition
Commission charged for each buy or sell transaction.
Typical range observed
0.10% – 1% per trade
Spread
Definition
Difference between buying and selling prices quoted by the platform.
Typical range observed
0.2% – 1.5%
Deposit fee
Definition
Cost to fund your account via bank transfer, credit card, or other methods.
Typical range observed
$0 – 4.5% per deposit
Withdrawal fee
Definition
Amount charged when cashing out funds or crypto from your account.
Typical range observed
$0 – 60 (flat) or 0% – 1%
Inactivity fee
Definition
Periodic charge if your account is unused for a specified duration.
Typical range observed
$0 – $10/month
CFD overnight fee
Definition
Daily interest applied to leveraged CFD positions held overnight.
Typical range observed
0.01% – 0.10% per night
Conversion fee
Definition
Applied when converting between different fiat currencies.
Typical range observed
0.1% – 1.5% per conversion
Network fee
Definition
Blockchain transaction cost, often variable based on network congestion.
Typical range observed
$0.50 – $25 per transaction
Comparison of main fee types on crypto exchanges and brokers.
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Good to know

For beginners or passive investors, deposit, withdrawal, inactivity, and network fees are most relevant, as they typically trade infrequently and may use fiat deposits. Active traders should pay close attention to trading fees, spreads, and CFD overnight charges, as these directly affect the cost of frequent buying, selling, and leveraged positions.

What services are offered by crypto platforms?

In recent years, crypto platforms have evolved far beyond simple buy and sell functionality. Today, they offer a whole ecosystem of services that not only help investors optimize their returns, but also diversify their strategies and actively participate in the growth of Web3. From earning passive income to exploring decentralized applications, these features empower Canadian investors with innovative financial tools—often more flexible and dynamic than traditional banking products.

ServiceDescriptionExample
Staking cryptoLocking up your crypto assets to help secure a blockchain and earn rewardsStake Ethereum (ETH) to earn 3–4% a year, paid in ETH
Lending cryptoLending your crypto to others via the platform and earning interestLend USDT and receive monthly interest payments
Crypto cardA payment card that lets you spend your crypto like regular currencyUse a card to pay for coffee with Bitcoin in Toronto
Crypto miningProviding computing power to validate blockchain transactions and earn rewardsMine Bitcoin using specialized hardware at home
Yield farmingProviding liquidity to decentralized DeFi platforms in exchange for variable returnsSupply a liquidity pool with ETH/DAI and earn part of the trading fees
NFTTrading, collecting, or creating unique digital assets on the blockchainBuy a digital collectible (NFT) from an artist on Ethereum
Summary of major crypto platform services and typical use cases.
Staking crypto
Description
Locking up your crypto assets to help secure a blockchain and earn rewards
Example
Stake Ethereum (ETH) to earn 3–4% a year, paid in ETH
Lending crypto
Description
Lending your crypto to others via the platform and earning interest
Example
Lend USDT and receive monthly interest payments
Crypto card
Description
A payment card that lets you spend your crypto like regular currency
Example
Use a card to pay for coffee with Bitcoin in Toronto
Crypto mining
Description
Providing computing power to validate blockchain transactions and earn rewards
Example
Mine Bitcoin using specialized hardware at home
Yield farming
Description
Providing liquidity to decentralized DeFi platforms in exchange for variable returns
Example
Supply a liquidity pool with ETH/DAI and earn part of the trading fees
NFT
Description
Trading, collecting, or creating unique digital assets on the blockchain
Example
Buy a digital collectible (NFT) from an artist on Ethereum
Summary of major crypto platform services and typical use cases.

Staking crypto

Staking involves locking your crypto assets on a blockchain (such as Ethereum, Cardano, or Solana) to help validate transactions and secure the network. In exchange, you earn rewards—typically paid in the same token. Staking can be flexible (you can withdraw your funds at any time) or locked (you commit for a set period, often for higher returns). Staking appeals to Canadian investors seeking a relatively passive earning method while supporting blockchain security.

CryptoAverage Annual Yield (APY)
ETH3–4%
ADA3–5%
SOL6–7%
DOT10–12%
Average staking yields for select cryptocurrencies.
ETH
Average Annual Yield (APY)
3–4%
ADA
Average Annual Yield (APY)
3–5%
SOL
Average Annual Yield (APY)
6–7%
DOT
Average Annual Yield (APY)
10–12%
Average staking yields for select cryptocurrencies.

Lending crypto

Crypto lending is the process of loaning out your digital assets to other users or institutions via a platform. In return, you earn interest on your deposits. Platforms usually offer a selection of flexible or fixed-term lending, with higher rates for longer commitments. Stablecoins (like USDT or DAI) are a popular choice for lending, as they are pegged to the US dollar and reduce price volatility, making yields more predictable for Canadians looking for stable returns.

Crypto/StablecoinAverage Annual Yield (APY)
USDT5–8%
DAI4–7%
BTC1–3%
ETH1–4%
Average lending yields for major crypto and stablecoins.
USDT
Average Annual Yield (APY)
5–8%
DAI
Average Annual Yield (APY)
4–7%
BTC
Average Annual Yield (APY)
1–3%
ETH
Average Annual Yield (APY)
1–4%
Average lending yields for major crypto and stablecoins.

Crypto mining and farming

Crypto mining: Mining involves using powerful hardware to solve complex mathematical problems, which secures the blockchain and validates transactions. In exchange, miners are rewarded in the native cryptocurrency (e.g., Bitcoin). Mining requires significant upfront investment (for equipment and electricity) and is most common for proof-of-work coins like Bitcoin or Litecoin. In Canada, cheap hydroelectricity in some provinces can benefit miners, but energy consumption can be substantial.

Yield farming: Yield farming is a decentralized finance (DeFi) strategy where you provide liquidity (usually by depositing pairs of tokens in DeFi protocols) to earn variable yields. These rewards may come from trading fees, native platform tokens, or both. Farming rates can be very attractive, especially for new platforms, but they also come with higher risks (such as impermanent loss or protocol exploits). Canadians participating should research carefully and consider risk-reward trade-offs.

ServiceTypical Yield (APY)
Mining (BTC)3–6% after costs
Yield farming8–20% (can vary widely)
Estimated yields for mining and yield farming activities.
Mining (BTC)
Typical Yield (APY)
3–6% after costs
Yield farming
Typical Yield (APY)
8–20% (can vary widely)
Estimated yields for mining and yield farming activities.

NFT

NFTs (Non-Fungible Tokens) let users buy, sell, collect, or mint unique digital items like art, music, game assets, or collectibles directly on the blockchain. Platforms support NFTs primarily on Ethereum, but also on Solana and Polygon, each with its own transaction fees (“gas fees”). Users can browse NFT marketplaces, purchase digital art from Canadian or international creators, flip NFTs for potential profit, or build their own collections—for enjoyment, speculation, or social status. Remember: each transaction incurs network fees, which can fluctuate depending on blockchain traffic.

In summary, leading crypto platforms now serve as gateways to a full suite of innovative financial tools, helping Canadian investors go beyond basic trading and actively participate in the future of finance.

Which cryptocurrencies can be traded with an online platform?

The top crypto trading platforms in 2025 enable retail investors to access a global universe of digital assets. With over 10,000 cryptocurrencies referenced, only a fraction offers suitable characteristics for trading, including sufficient liquidity, exploitable volatility, and strong underlying value. Understanding the main categories of tradable crypto-assets is essential to making informed decisions. The table below summarizes the key families of cryptocurrencies you’ll typically find available for trading on major platforms, with their main attributes for active traders in Canada.

CategoryExamplesInterest for trading
Major cryptocurrenciesBitcoin (BTC), Ethereum (ETH)Most liquid and established; tight spreads; suitable for all trader profiles
Solid altcoinsSolana (SOL), Avalanche (AVAX), Cardano (ADA)Higher volatility and growth potential; strong ecosystems; good liquidity
StablecoinsUSDT, USDC, DAILow volatility; used as quote assets and for capital preservation between trades
Meme coins / speculative tokensDogecoin (DOGE), Shiba Inu (SHIB)Strong price swings; highly speculative; attractive for short-term trading and momentum strategies
DeFi / Web3 ecosystem tokensChainlink (LINK), Aave (AAVE), Uniswap (UNI)Exposure to decentralized finance projects; cyclical volatility; utility-driven
Layer 2 / scaling solution tokensPolygon (MATIC), Optimism (OP), Arbitrum (ARB)Sought after for network innovation; variable liquidity; interesting for trend-based trading
Summary of main cryptocurrency categories and their interest for active traders in Canada
Major cryptocurrencies
Examples
Bitcoin (BTC), Ethereum (ETH)
Interest for trading
Most liquid and established; tight spreads; suitable for all trader profiles
Solid altcoins
Examples
Solana (SOL), Avalanche (AVAX), Cardano (ADA)
Interest for trading
Higher volatility and growth potential; strong ecosystems; good liquidity
Stablecoins
Examples
USDT, USDC, DAI
Interest for trading
Low volatility; used as quote assets and for capital preservation between trades
Meme coins / speculative tokens
Examples
Dogecoin (DOGE), Shiba Inu (SHIB)
Interest for trading
Strong price swings; highly speculative; attractive for short-term trading and momentum strategies
DeFi / Web3 ecosystem tokens
Examples
Chainlink (LINK), Aave (AAVE), Uniswap (UNI)
Interest for trading
Exposure to decentralized finance projects; cyclical volatility; utility-driven
Layer 2 / scaling solution tokens
Examples
Polygon (MATIC), Optimism (OP), Arbitrum (ARB)
Interest for trading
Sought after for network innovation; variable liquidity; interesting for trend-based trading
Summary of main cryptocurrency categories and their interest for active traders in Canada

Before selecting a cryptocurrency to trade, it’s crucial to consider several key indicators to manage risk and target relevant opportunities:

  • Daily trading volume: A daily volume over $500 million CAD generally signals strong market liquidity, helping you enter and exit positions efficiently.
  • Historical volatility: Some assets, such as SOL or DOGE, can fluctuate by 5% to 20% within a single day, offering opportunities for active traders but increasing risk.
  • Market capitalization: Assets ranking in the global top 20 cryptos typically show more price stability and lower manipulation risk than very small-cap coins.
  • Real-world utility: Cryptocurrencies regularly used in payments, smart contracts, or DeFi ecosystems are more likely to maintain lasting value compared to purely speculative tokens.

How to choose a cryptocurrency platform?

When choosing a crypto exchange, it’s important to recognize that no single platform fits every user. Your experience level, investment goals (such as short-term trading or long-term holding), and the specific features you need all play a major role. Some platforms are designed for high-volume, experienced traders; others focus on simplicity for newcomers; and some offer a broad set of services aimed at general users. By understanding the key factors that set these platforms apart, you can narrow down the options that best match your expectations.

  • Regulatory compliance and legal registration (with recognized authorities in Canada)
  • Range of cryptocurrencies available for purchase or trading
  • Transaction fees (commissions, spreads, withdrawal costs)
  • User interface quality (ergonomics, speed, clarity)
  • Available trading tools (leverage, advanced order types, technical indicators)
  • Options for staking or lending digital assets
  • Availability and quality of a mobile application
  • Reputation of the platform (user reviews, security history)
  • Accepted deposit methods (credit card, wire transfer, stablecoins)
  • Customer support (languages offered, accessibility, responsiveness)

Evaluating these criteria allows you to identify which crypto platform is best aligned with your investor profile—whether you’re focused on long-term growth, active trading, or occasional use.

What is the best crypto platform according to experience level?

Choosing the right crypto platform depends first and foremost on your level of experience. Each user profile—whether you are new to digital assets, trading regularly, or a seasoned professional—has specific needs and expectations. Understanding these differences is key to selecting the platform that fits you best and supports your investment journey in Canada.

Best crypto platform for beginners

Beginners are users with little or no experience in cryptocurrency trading. They are primarily looking for ease of use, guidance, and simple onboarding. Their main priorities are security, learning resources, and customer support.

  • Intuitive and user-friendly interface
  • Strong security features with easy verification
  • Responsive customer support in English and French
  • Comprehensive educational materials and tutorials
  • Low minimum deposit requirements
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Exemple

A newcomer opens an account to buy their first Bitcoin and follows a clear step-by-step guide provided by the platform, with support available if needed.

Best crypto platform for active traders

Active traders execute transactions frequently, often taking advantage of price swings. They look for efficient trading tools, competitive fees, and quick order execution. Analytical resources and mobile access are also important to them.

  • Low and transparent trading fees
  • Advanced charting and analysis tools
  • Fast order execution and liquidity
  • Customizable alerts and trading options
  • Reliable mobile and desktop apps
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Exemple

An investor places multiple trades per week, using mobile app notifications to spot buying opportunities and leveraging detailed charts to inform their decisions.

Best crypto platform for experienced traders

Experienced traders, including professionals, manage larger volumes and may use complex strategies. They prioritize advanced order types, deep liquidity, and access to a wide range of crypto assets. Support for third-party tools and API access can also be crucial.

  • Wide selection of coins and trading pairs
  • Support for advanced order types (e.g., stop-limit, OCO)
  • Direct API access for automation and data
  • Institutional-grade security and account management
  • High withdrawal and deposit limits
icon

Exemple

A professional trader connects their algorithmic trading bot via API to execute high-frequency trades on a diverse range of assets.

Which crypto platforms are registered in CA?

In Canada, any company offering crypto asset services—such as buying, selling, holding, or trading cryptocurrencies—must be registered with the local regulatory authorities, or be authorised under an equivalent framework from another reliable jurisdiction. Registering locally ensures a minimum compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) standards, operational security, and business transparency.

List of Registered Brokers in Canada

Certain platforms are officially registered in Canada, typically as registered crypto trading platforms with provincial securities regulators or as money services businesses (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). These registrations mean that platforms have made commitments to local regulatory standards.

PlatformType of ServiceLocal RegistrationPlace of Registration
BitbuyExchange spotYesCanada (Ontario Securities Commission, FINTRAC)
CoinsquareExchange spotYesCanada (FINTRAC, OSC)
NewtonExchange spotYesCanada (FINTRAC)
NDAXExchange spotYesCanada (FINTRAC)
Binance CanadaExchange + annex servicesYesCanada (provisional, OSC)
WealthsimpleBroker / crypto spotYesCanada (FINTRAC, various provincial regulators)
KrakenExchange spotYesCanada (as MSB, some provinces only)
Registered crypto trading platforms in Canada and their registration status.
Bitbuy
Type of Service
Exchange spot
Local Registration
Yes
Place of Registration
Canada (Ontario Securities Commission, FINTRAC)
Coinsquare
Type of Service
Exchange spot
Local Registration
Yes
Place of Registration
Canada (FINTRAC, OSC)
Newton
Type of Service
Exchange spot
Local Registration
Yes
Place of Registration
Canada (FINTRAC)
NDAX
Type of Service
Exchange spot
Local Registration
Yes
Place of Registration
Canada (FINTRAC)
Binance Canada
Type of Service
Exchange + annex services
Local Registration
Yes
Place of Registration
Canada (provisional, OSC)
Wealthsimple
Type of Service
Broker / crypto spot
Local Registration
Yes
Place of Registration
Canada (FINTRAC, various provincial regulators)
Kraken
Type of Service
Exchange spot
Local Registration
Yes
Place of Registration
Canada (as MSB, some provinces only)
Registered crypto trading platforms in Canada and their registration status.
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Important notice

Local registration offers only a minimum compliance framework and is not a guarantee of capital protection, nor does it grant the same status as a bank or an asset management company.

Other Reliable Regulations in Canada

Some platforms are not registered locally in Canada but operate while being regulated in other established jurisdictions abroad with robust standards. These may serve Canadian clients only in specific provinces or within a certain legal framework. Regulations in the European Union, the United Kingdom, and certain other countries are often considered equivalent for core investor protection, security, and transparency requirements.

RegulatorCountryPlatforms concerned
CySECCypruseToro, XTB
BaFinGermanyBitpanda
FCAUnited KingdomIG, (some pre-Brexit exchanges)
MFSAMaltaCrypto.com
Major international regulators and key platforms permitted for Canadian clients in some cases.
CySEC
Country
Cyprus
Platforms concerned
eToro, XTB
BaFin
Country
Germany
Platforms concerned
Bitpanda
FCA
Country
United Kingdom
Platforms concerned
IG, (some pre-Brexit exchanges)
MFSA
Country
Malta
Platforms concerned
Crypto.com
Major international regulators and key platforms permitted for Canadian clients in some cases.

These regulatory frameworks enforce high standards in terms of customer fund security, trustworthy business operations, and fair treatment of clients, in line with best practices for European and global investors.

What strategies are there for investing in cryptocurrencies?

Investing in crypto-assets can be approached in several ways, depending on how involved you want to be, your investment timeframe, and how much risk you are willing to take. Each strategy offers different advantages and challenges, making it important to choose one that fits your personal goals and comfort level. The table below presents the main strategies, along with brief descriptions and practical examples.

StrategyDescriptionConcrete Example
Buy and Hold (HODL)Purchasing crypto-assets to hold for the long term, regardless of price fluctuations.An investor buys Bitcoin and plans to keep it for at least five years.
Dollar-Cost Averaging (DCA)Investing a fixed amount in crypto at regular intervals, regardless of the price.Someone invests $100 in Ethereum every month, no matter how the market moves.
Active TradingBuying and selling crypto frequently to take advantage of short-term price movements.A user trades Solana daily to profit from price swings.
Staking/Yield FarmingLocking up crypto to earn interest or rewards, usually by supporting blockchain networks.An investor stakes their Cardano to receive regular reward payouts.
Portfolio DiversificationSpreading investments across multiple cryptocurrencies to reduce overall risk.A portfolio includes Bitcoin, Ethereum, and Polygon to balance potential losses.
Swing TradingMaking trades that last from a few days to weeks to capture medium-term trends.A trader buys Avalanche and sells it two weeks later when the price rises.
Value InvestingSelecting tokens based on strong technology or future potential, not just hype.An investor researches and buys a DeFi token with a solid development team.
Main crypto-asset investing strategies, descriptions, and examples.
Buy and Hold (HODL)
Description
Purchasing crypto-assets to hold for the long term, regardless of price fluctuations.
Concrete Example
An investor buys Bitcoin and plans to keep it for at least five years.
Dollar-Cost Averaging (DCA)
Description
Investing a fixed amount in crypto at regular intervals, regardless of the price.
Concrete Example
Someone invests $100 in Ethereum every month, no matter how the market moves.
Active Trading
Description
Buying and selling crypto frequently to take advantage of short-term price movements.
Concrete Example
A user trades Solana daily to profit from price swings.
Staking/Yield Farming
Description
Locking up crypto to earn interest or rewards, usually by supporting blockchain networks.
Concrete Example
An investor stakes their Cardano to receive regular reward payouts.
Portfolio Diversification
Description
Spreading investments across multiple cryptocurrencies to reduce overall risk.
Concrete Example
A portfolio includes Bitcoin, Ethereum, and Polygon to balance potential losses.
Swing Trading
Description
Making trades that last from a few days to weeks to capture medium-term trends.
Concrete Example
A trader buys Avalanche and sells it two weeks later when the price rises.
Value Investing
Description
Selecting tokens based on strong technology or future potential, not just hype.
Concrete Example
An investor researches and buys a DeFi token with a solid development team.
Main crypto-asset investing strategies, descriptions, and examples.

What taxation applies to income from crypto trading in CA?

Cryptocurrency taxation in Canada is governed by regulations set out by the Canada Revenue Agency (CRA). The tax treatment of crypto operations depends on the type of activity (occasional vs. professional or business-like) and the nature of the income derived (capital gains, business income, or interest-like earnings). Understanding how the CRA distinguishes these cases is essential for anyone trading, investing, or earning rewards through digital assets.

Situation fiscaleRégime appliquéTaux d’imposition
Occasional sale of crypto for CADCapital gains regime50% of gain added to income, taxed at personal rate
Crypto-to-crypto exchangeCapital gains regime50% of gain added to income, taxed at personal rate
Payment with crypto (goods or services)Capital gains regime50% of gain added to income, taxed at personal rate
Frequent trading / professional activityBusiness income100% of gain taxed as business income, progressive rate
Staking / lending (recurring gains)Income from propertyTaxed at full rate as ordinary income
Tax treatment of various cryptocurrency activities in Canada
Occasional sale of crypto for CAD
Régime appliqué
Capital gains regime
Taux d’imposition
50% of gain added to income, taxed at personal rate
Crypto-to-crypto exchange
Régime appliqué
Capital gains regime
Taux d’imposition
50% of gain added to income, taxed at personal rate
Payment with crypto (goods or services)
Régime appliqué
Capital gains regime
Taux d’imposition
50% of gain added to income, taxed at personal rate
Frequent trading / professional activity
Régime appliqué
Business income
Taux d’imposition
100% of gain taxed as business income, progressive rate
Staking / lending (recurring gains)
Régime appliqué
Income from property
Taux d’imposition
Taxed at full rate as ordinary income
Tax treatment of various cryptocurrency activities in Canada
  • Additional information
  • Capital gains are calculated as: (proceeds of disposition – adjusted cost base per unit × quantity disposed). For crypto, the adjusted cost base (ACB) method is used.
  • Taxpayers are responsible for accurately reporting all crypto transactions in their annual tax returns.
  • Holding accounts on foreign crypto platforms may trigger the obligation to declare these accounts to the CRA (Form T1135) if the total value exceeds the reporting threshold.
  • Capital losses on crypto can be carried forward indefinitely and used to offset future capital gains, but cannot be used to offset other types of income. Losses on business income follow standard business loss rules.

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P. Laurore
P. Laurore
Finance expert
HelloSafe
Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.

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