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Author: Admin | 2025-04-28
Many cryptocurrency businesses are shifting away from the U.S. market and exploring alternative international markets. The Canadian market is absorbing some of that flight but also faces its own issues — huge centralized exchanges, including OKX, Bybit, and Binance, all exited the Canadian market in 2023, citing new regulatory restrictions from the Canadian Securities Administrators (CSA) as the reason behind the withdrawals. So, with so many big names exiting the space, what are the best platforms that allow you to buy Bitcoin with Canadian dollars? Here’s our curated list of top-rated platforms looking to ride out the regulatory wave in Canada. Our methodology for selecting the top platforms to buy Bitcoin with Canadian Our methodology for selecting the top platforms to purchase Bitcoin with Canadian Dollars (CAD) was methodical, with platforms tested by BeInCrypto teams over a period of six months. This process was peer-reviewed and information fact-checked to ensure accuracy. BeInCrypto considered security, compliance, user-experience, and reputation when selecting for this list.Coinbase: Coinbae is a U.S. based exchange that offers its services in the U.K., Canada, and other countries. It offers a subscription service for users to gain lower trading fees.• Publicly traded and publishes regular financial reports• Fees range between $0.99-$4.19• Offers staking and learn-to-earnBitbuy: Popular Canadian exchange Bitbuy has a number of advantages, such as low pricing, a mobile app for trading while on the go, simple onboarding for new users, and access to a wide range of digital assets.• Live order book• Express trade and Pro trade• OTC tradingWealthsimple: Wealthsimple is a Canadian fintech firm that provides a variety of investment and financial management products and services.• Robo-advisory• Multiple financial asset types• Fees from 0.5% to 2%NDAX: NDAX is a popular Canadian cryptocurrency exchange that was founded in 2017. It offers a platform for purchasing, selling, and trading cryptocurrencies such as BTC, ETH, XRP, and others.• OTC trading• Staking• 0.2% trading feeVirgoCX: Adam Cai and Jake Benson launched the Canadian cryptocurrency exchange VirgoCX in 2018. It offers a marketplace for the purchase, sale, and exchange of different cryptocurrencies.• More than 60 cryptocurrencies• Enhanced account security like 2FA• Offers gift cardsNewton: Newton is a cryptocurrency exchange that was founded in 2017 with the goal of enhancing the Canadian cryptocurrency purchase experience.• OTC trading• Earn features• 80/20 cold storageBitwell: Customers can purchase and sell bitcoin using Bitcoin Well’s services, which include a network of bitcoin ATMs across Canada
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