In 2025, Canada continues to emerge as a thriving hub for cryptocurrency adoption, with a growing number of Canadian crypto exchanges offering traders a safe, user-friendly, and regulated environment to buy, sell, and hold digital assets.
But with so many options on the market, it can be tough to know which exchange is the best for your needs. Should you stick to Canadian platforms like Coinberry, Shakepay, and Newton, or opt for global giants like Binance and Coinbase?
1. Coinberry
- Overview:
Coinberry is one of the leading crypto exchanges in Canada, known for its simple and secure platform, ideal for both beginners and experienced traders. Coinberry is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), ensuring compliance with Canadian regulations. - Key Features:
- Supported Assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more.
- Fees: Low trading fees—typically around 0.5% per transaction.
- Payment Methods: Interac e-Transfer, wire transfers, and bank payments.
- Security: Two-factor authentication (2FA) and cold storage for digital assets.
- Mobile App: Available for iOS and Android, offering a smooth user experience.
- Why It Stands Out:
Coinberry is well-regarded for its simplicity and Canadian focus. It also offers real-time e-Transfer deposits, making it one of the easiest platforms for Canadians to use. - Ideal For: Beginners looking for a safe, straightforward platform with an emphasis on Canadian users.
2. Shakepay
- Overview:
Shakepay has quickly become one of the most popular crypto exchanges in Canada, known for its user-friendly interface and robust security features. It’s a great choice for those looking to buy Bitcoin or Ethereum with ease. - Key Features:
- Supported Assets: Bitcoin (BTC), Ethereum (ETH), and a few stablecoins.
- Fees: Zero fees for buying or selling Bitcoin and Ethereum using Interac e-Transfer, while other transactions may incur a small fee.
- Payment Methods: Interac e-Transfer, direct deposit, and bank transfers.
- Security: 2FA, insured custodial services, and cold storage for user funds.
- Mobile App: High-rated app for both iOS and Android.
- Why It Stands Out:
Shakepay has a unique “Shakepay Shake” feature that rewards users for completing tasks. Their no-fee trading for BTC and ETH is a huge advantage for regular traders. - Ideal For: Canadian crypto enthusiasts who want an easy-to-use platform with zero-fee trading on select assets.
3. Newton
- Overview:
Newton is another great Canadian crypto exchange that offers competitive rates and a focus on transparency. Newton is known for zero-fee trading on all its supported cryptocurrencies and easy access to Canadian fiat. - Key Features:
- Supported Assets: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and many others.
- Fees: No trading fees (for both buys and sells), but small spreads may apply.
- Payment Methods: Interac e-Transfer, wire transfers, and cryptocurrency deposits.
- Security: Two-factor authentication (2FA), insurance on digital assets held in cold storage, and strong compliance with Canadian regulations.
- Mobile App: Available on both iOS and Android.
- Why It Stands Out:
Newton’s no-fee model for trading is a massive draw, especially for users who frequently trade. They also provide instant deposits via Interac e-Transfer, making it one of the fastest options for funding your account. - Ideal For: Canadian users looking for a no-fee trading experience with quick deposit options.
Global Giants vs. Canadian Platforms: How Do They Compare?
1. Binance
- Overview:
Binance is one of the largest crypto exchanges globally, offering a vast array of trading pairs and advanced features. However, it has faced regulatory hurdles in some countries, including Canada. - Key Features:
- Supported Assets: Over 500 coins and tokens, including advanced DeFi assets.
- Fees: Trading fees start at 0.1%, but can be reduced further with Binance Coin (BNB) and higher-tier accounts.
- Payment Methods: Credit/debit cards, bank transfers, P2P trading, and crypto deposits.
- Security: Advanced security features including insurance funds, 2FA, and cold storage.
- Mobile App: Well-designed app with full trading functionality.
- Why It’s Popular:
Binance offers low fees, a huge selection of cryptocurrencies, and advanced trading tools. However, its complexity may be overwhelming for beginners. - Ideal For: Advanced traders who need access to a wide range of assets and trading options.
2. Coinbase
- Overview:
Coinbase is another giant in the crypto space, known for its clean interface and excellent customer support. While Coinbase is widely used in Canada, it charges higher fees than some of the local exchanges. - Key Features:
- Supported Assets: Over 50 coins, including major assets like BTC, ETH, and stablecoins.
- Fees: High transaction fees (up to 4% for certain payment methods).
- Payment Methods: Credit/debit cards, bank transfers, PayPal, and crypto deposits.
- Security: 2FA, FDIC insurance on USD balances, cold storage for assets.
- Mobile App: Intuitive and user-friendly app for beginners.
- Why It’s Popular:
Coinbase is perfect for newcomers to crypto with its easy-to-use interface and educational resources, although the high fees can be a downside. - Ideal For: Beginners in Canada looking for a reliable and secure exchange to start their crypto journey.
Which Exchange Should You Choose?
- For Beginners:
If you’re new to crypto and want a simple, straightforward exchange, Shakepay and Newton are great choices. They offer zero-fee trading and are tailored for Canadian users, providing easy fiat-to-crypto conversions. - For Experienced Traders:
For those with more experience or looking for advanced features, Binance provides low fees, a massive selection of coins, and powerful trading tools. However, Coinberry offers a simple and safe choice for Canadian users focused on well-known coins. - For Low Fees & Simplicity:
Newton stands out with its zero-fee trading across all assets and quick deposit options, making it ideal for those who want to avoid high fees and are focused on seamless user experiences.
Conclusion
Canada’s crypto market is growing, and 2025 will continue to see increased adoption and innovation. Whether you’re just starting your crypto journey or you’re an experienced trader, there are plenty of safe and reliable Canadian exchanges to choose from. Coinberry, Shakepay, and Newton provide excellent platforms for Canadians, each catering to different needs and preferences.
Key Takeaway:
When choosing a Canadian exchange, prioritize your needs—whether that’s low fees, ease of use, or advanced trading features. Always make sure the platform is FINTRAC-compliant and offers strong security measures to protect your funds.
Call to Action:
Which Canadian crypto exchange are you using in 2025? Share your thoughts and experiences in the comments below!
