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The top crypto platforms and apps in Canada 2022


1 CoinSmart* https://imp.i246982.net/c/2774823/794942/11346?subId1=vert&trafsrc=Impact&partnerpropertyid=2586011 iOS, Android 16 Yes • FINTRAC and OSC registered
• Publicly traded (ticker symbol NEO:SMRT)
• Instant account verification
• Same-day deposits
• Advanced trading tools
• Reporting tools for tax purposes
• Welcome offer: Get $20 of BTC when
you sign up with code getcrypto and
fund your account with $100 or more
(click “CoinSmart” at left)
• $15 referral bonus for you and a friend
if they open an account and make a deposit • CAD deposits: Interac 1.5% on
$100–$1,999, 0% on $2,000+; wire
transfers: 0%; credit/debit cards: up
to 6%
• Withdrawal methods: CAD withdrawals:
EFT: 1%, min. fee $15; wire transfer: 1%,
min. fee $15; crypto withdrawals: varies
by coin
• Trading: 0.20% single trade, 0.30%
double trade • Two-factor authentication
• Most of its crypto is kept in cold
storage • Interac deposits: min. $100, max. $10,000
• Wire transfer deposits: min. $10,000, max.
$5,000,000
• Credit/debit card deposits: min. $100, max.
$5,000
• EFT withdrawals: min. $50, max. $15,000
• Wire transfer withdrawals: min. $10,000, max.
$5,000,000 • 24/7 support by email, phone and live chat
• GetSmart Hub with articles, guides, blog
• FAQs 2 NDAX* https://ndaxpromo.page.link/UQmb iOS, Android 33 Yes • FINTRAC and Revenue Québec registered
• Instant identity verification
• Trading activity reports
• Deposits and withdrawals processed
within 1 business day
• Price notifications
• Ability to set up recurring buys
• Advanced trading tools
• Offers crypto staking (five coins)
• Send, request or give funds to other
NDAX users with no cost or wait times
• Welcome offer: $20 in free BTC when
you make your first deposit of $100 or
more (click ”NDAX” at left)
• $10 referral bonus if a friend registers
an account • CAD deposits: 0%
• CAD withdrawals: $4.99
• Crypto deposits: 0%
• Crypto withdrawals: flat rate, varies
by cryptocurrency
• Trading: 0.2%
• Staking: 20% of rewards • Two-factor authentication
• Uses multiple data servers that are
isolated and monitored 24/7
• Majority of assets held in cold storage
protected by multi-signature technology
• Users’ fiat currency held separately
from operating capital • Interac, wire transfer, bank draft:
no min. or max.
• Withdrawals by bank or wire transfer:
no min. or max. • 24/7 support by email, phone and
live chat
• Blog, educational content 3 Wealthsimple Crypto* https://wealthsimple.sjv.io/x9PYZv iOS, Android 53 Yes • FINTRAC and OSC registered
• Canada’s first regulated crypto platform
• Subscriber levels include “Basic” (free) and
“Plus” ($10/month) with added features
• Advanced tools include limit buy and
limit sell orders
• App allows trading of crypto, stocks
and ETFs
• Does not support transfers, deposits
or withdrawals for every coin
• Daily withdrawal limit of $5,000 and
weekly withdrawal limit of $25,000 across
all coins; minimum withdrawal varies by coin
• Offers staking (Solana only)
• Wealthsimple Spend accounts offer 1%
back in crypto, stocks or cash • CAD deposits: bank transfer, 0%;
wire transfer: 0%
• CAD withdrawals: bank transfer, 0%;
wire transfer: 0%
• Crypto deposits: 0%
• Crypto withdrawals: 0%
• Charges a spread of 1.5%–2% per
transaction • Two-factor authentication and data
encryption
• Custodial coverage by Gemini Trust
Company, which has $200 million in
cold storage insurance
• Partnered with Coincover, a tech firm
that protects against crypto theft, fraud
and loss • Bank transfer (EFT), wire transfer or
crypto
• Start investing with as little as $1 • Support by email, phone, live chat
(during business hours) and virtual
assistant
• Help Centre with FAQs
• Magazine, articles, glossary, podcast 4 Newton https://www.moneysense.ca/save/investing/crypto/the-top-crypto-platforms-and-apps-in-canada/#Newton iOS, Android 70+ Yes • FINTRAC registered
• Instant account verification
• Start trading with a minimum of $50
• Offers limit orders (up to 20 open at a time)
• $25 referral bonus when friends open an
account and buy or sell $100 • Deposits: 0%
• Withdrawals: 0%
• Trading fees: 0%
• Average spread: 0.5%–0.7%
• Covers the first $5 in network
fees for crypto withdrawals • Two-factor authentication
• Institutional-grade storage
• Third-party custody
• Daily off-site backups
• Customer data stored in Canada • Interac, wire transfers, pre-authorized
debit, crypto wallets
• Interac deposits: max. $10,000 per
transaction, $70,000 per week
• Wire transfer deposits: max. $1,000,000
• Interac withdrawals: max. $10,000 per
transaction, $50,000 per week
• EFT withdrawals: max. $50,000 per
transaction or daily
• Wire transfer withdrawals: max. $1,000,0000 • Support by live chat
• Online question form
• Knowledge hub, blog, FAQs, articles,
subreddit 5 Bitbuy https://www.moneysense.ca/save/investing/crypto/the-top-crypto-platforms-and-apps-in-canada/#Bitbuy iOS, Android 25 Yes • First Canadian registered marketplace
for crypto assets; orders are matched on
Bitbuy rather than sent to third-party dealers
• FINTRAC and OSC registered
• Instant account verification
• Bitbuy Pro subscription offers advanced
tools (limit orders, live order book, trading
pairs and more)
• Bitbuy Private Wealth concierge service
with min. $25,000 investment • Trading: 0.50% to buy and sell
• CAD deposits: Interac 1.5%, wire
transfer 0.5%
• CAD withdrawals: Interac 1.5%, wire
transfer 1%
• Crypto deposits: 0%
• Crypto withdrawals: fee varies by coin
• Bitbuy Pro trade fees: maker 0.1%,
taker 0.2% • 99% of crypto stored in cold wallets
• Servers secured across multiple cloud
providers
• Two-factor authentication
• Third-party financial, security and
transaction reporting audits
• Privately maintained codebase
• Comprehensive insurance from BitGo • Interac deposits and withdrawals: min.
$50, max. $10,000/24 hr
• Wire transfer deposits and withdrawals:
min. $20,000, max. $500,000
• Crypto deposits: no min. or max.
• Crypto withdrawals: min. amount varies
by coin • Online question form
• Blog, tax guide, FAQ page 6 Coinberry https://www.moneysense.ca/save/investing/crypto/the-top-crypto-platforms-and-apps-in-canada/#Coinberry iOS, Android 38 Yes • FINTRAC and OSC registered
• Sources crypto at discounted prices,
adds a margin/spread plus fees from
liquidity sources, and resells crypto at
listed prices
• Ability to fund, buy/sell and withdraw
varies by coin
• Price notifications
• Minimum buy and sell amounts vary
by coin • CAD deposits: 0%
• CAD withdrawals: 0%
• Crypto deposits: 0%
• Margin/spread 0%–2.5% plus any fees
from liquidity sources
• Displays estimated charge when you
confirm your order; actual fees and
spreads may be higher or lower due to
price fluctuations between time of quote
and order completion • Two-factor authentication • Interac deposits: no minimum, max.
$10,000
• Interac withdrawals: min. $100,
max. $5,000
• Wire transfer deposits: min. $10,000,
max. $500,000
• Wire transfer withdrawals: min.
$10,000, max. $100,000
• Crypto deposits: unlimited
• Crypto withdrawals: min. varies
by coin; network fees will be applied • Online question form
• Learning portal
• Troubleshooting tips 7 Bitvo https://www.moneysense.ca/save/investing/crypto/the-top-crypto-platforms-and-apps-in-canada/#Bitvo iOS, Android 11 Yes • FINTRAC and ASC registered
• Immediate account registration
• Same-day processing for deposits
and withdrawals
• Buy and sell prices include a spread
• Advanced trading tools and OTC desk
for large orders
• Bitvo Cash Card provides access to
cash in your account; $2,500 limit; works
at ATMs that accept Visa or Plus • CAD deposits: 0%
• Crypto deposits: 0%
• 1% fee for withdrawals, min. $15
• Trading: 0%
• Applies a spread; estimated spreads
are viewable with the Advanced Trading
view • Two-factor authentication
• 95%–100% of customer funds kept
in cold storage
• Potential new coins are screened by
a third-party security service
• Additional measures for financial and
online security and internal controls • Interac, wire transfer, crypto, Canada
Post Load (deposit only), EFT (withdrawal
only), Bitvo Cash Card
• Interac deposits: unlimited
• Interac withdrawals: max. $10,000 per day
• Wire transfer deposits: min. $10,000
• Wire transfer withdrawals: min. $10,000
• Canada Post Load deposits: limit of $500
per transaction and $3,500 per week
• EFT withdrawals: max. $10,000 per day,
$50,000 per week
• Crypto deposits: unlimited
• Crypto withdrawals: unlimited
• Bitvo Cash Card withdrawals: max. $500
per day, $3,500 per week • 24/7 support by email, phone, live
chat
• Educational content
• FAQs
• Newsletter 8 Netcoins https://www.moneysense.ca/save/investing/crypto/the-top-crypto-platforms-and-apps-in-canada/#Netcoins iOS, Android 36 Yes • Canada’s first publicly owned crypto
trading platform (CSE:BIGG) that is fully
regulated
• FINTRAC and BCSC registered
• Fast account verification
• Start investing with as little as $10
• Price notifications
• Advanced trading tools
• $60 referral bonus for you and a friend
when they open an account and trade $100
• Optional Netcoins Pay card earns rewards
in bitcoin (3% for first 3 months, 1% after that) • CAD deposits: 0%
• CAD/USD withdrawals: 0%
• Crypto deposits: 0%
• Crypto withdrawals: Flat fee that
varies by coin
• Trading: 0.5% • Two-factor authentication • Deposits by Interac, bank wire and crypto
• Interac deposits: min. $10 (CAD only)
• Bank wire deposits: min. $500 CAD or USD
• Crypto withdrawals: min. varies by coin;
flat fee to cover network fees • Support by email, phone, live chat
• Crypto Academy and blog
• Newsletter



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