Canadian Exchange reviews from Reddit

Summary

We analyzed 207 Reddit reviews across 14 subreddits and 39 posts to rank the best Canadian Exchange brands recommended by redditors, including communities like r/BitcoinCA, r/Bitcoin, r/BestCryptos, r/CryptoCurrency, r/ethtrader. Top-rated brands include Shakepay (4.4/5), Newton (4.1/5), NDAX (3.9/5).

Stats

Reviews207

Subreddits14

Posts39

Brands51

Products18

Top communities

r/BitcoinCA84 r/Bitcoin48 r/BestCryptos18 r/CryptoCurrency16 r/ethtrader10

207 reviews from

and

By Brand

By Product

Shakepay

4.4

(25)

"Shakepay has been great for me."

"Shakepay is best for BTC and ETH."

"Shakepay is the best for Bitcoin and ETH."

"I like Shakepay."

"I've had great success with Shake Pay. They offer free sats daily and have zero withdrawal fees."

"Shakepay is what I use. Simple, easy, e-transfers and if you get a referral or refer someone you can do shaking sats which gives you free Bitcoin"

"Good exchange for Canadians."

"I use Shakepay to buy BTC and ETH."

"No fees. E-transfer instead of bank account linking."

"It's fast and no fees afaik."

Newton

4.1

(24)

"Love Newton 🙌"

"Newton is great for their alts."

"I like Newton."

"I use Newton to buy BTC or ETH with $CAD because they have the lowest fees."

"Good exchange for Canadians."

"I use newton since 2021 not a single issue"

"Newton's platform is easy to use and they offer a decent variety of cryptocurrencies, making it a good choice for beginners."

"Newton is one of the best Canadian cryptocurrency exchanges for beginners. They have a clear interface and a good selection of cryptos."

"Newton and Netcoins for me."

"You might try Newton."

NDAX

3.9

(21)

"Three years with NDAX no issues, great exchange, easy to buy/sell."

"Ndax has low fees."

"I've used ndax.io without any problems - highly recommend them."

"Same day fiat withdrawals and quick deposit processing."

"NDAX is another solid option with low fees and CAD support, worth a look."

"NDAX then Newton"

"Yup, its rather easy to use. can recommend"

"NDAX is a great cheap exchange to use"

"NDAX is a good Canadian crypto exchange with a range of cryptos and strong security features."

BitBuy

4.1

(17)

"Bitbuy is awesome for newbies—Ontario-based, user-friendly, and has tutorials to help you get started. Fees are reasonable, and they support CAD transactions without much hassle."

"Bitbuy is really good. I have called them a couple times and they actually pick up and everything is done quick."

"If you're looking for a Canadian exchange with a wide range of cryptocurrencies, including smaller ones, Bitbuy is a great option."

"Bitbuy is a top choice for Canadians. They have a straightforward interface and a good selection of cryptocurrencies."

"If you're interested in a Canadian exchange with a great variety of cryptos, check out Bitbuy. They also have robust security features."

"Hmm- I just started using BitBuy"

"Good for altcoins."

"Bitbuy"

"Bitbuy, NDAX are actual exchanges."

"BitBuy is great if you just want to hold the crypto in your wallet."

Kraken

4.1

(15)

"Kraken is more secure and has pretty low fees with EFTs IMO."

"Kraken. Not based in Canada but they have a Canadian office in Halifax and process payments in Canada. They've been my go-to for years."

"Good exchange for Canadians."

"Kraken is by far your best KYC option. They have a BTC CAD pair and also have XMR BTC. You'll be able to go from XMR to CAD to your bank account on a single reputable exchange with decent volume."

"Anyone tried Kraken? That’s long been my plan because of the better spread when I try to cash out."

"If it's a large amount like 5 digits, go with Kraken. Sell to EUR and have it moved to a bank that offer EUR."

"Kraken OTC for large orders Kraken for small ones"

"I trade on Kraken."

"Kraken is a reliable exchange I've used a lot in the past."

"Kraken is also good but they only take wires."

QuadrigaCX

3.7

(14)

"Highly recommend, trust me."

"I can't say enough good about quadrigacx"

"Is the best exchange for Canada from what I read on this sub"

"No issues withdrawing from QuadrigaCX, less than 4 days"

"Quadriga is awesome for us Canadians though, best one I’ve come across so far."

"Quadriga is a good one unless someone tells me otherwise, but I've used it quite a bit and the purchase transaction is only 1.5%."

"They are reputable."

"I second QuadrigaCX. I'm new to cryptocurrencies/ether, and signed up last week. I've made a few Interac deposits & ether purchases and everything's gone off without a hitch."

"I use QuadrigaCX for CAD/XBT and CaVirtex for LTC/XBT."

"Agree - QuadrigaCX is the way to go."

Netcoins

4.3

(9)

"Netcoins is a great platform for cryptocurrency trading."

"I bought 100 BAT today."

"I’ve done the tour of most Canadian companies."

"I just bought BAT today in Netcoins. Still new to the platform, but I am pretty impressed."

"Netcoins are good, feel free to check them out."

"Netcoins is a decent one."

"Net coins for me, for safety and great customer service."

"I'd use net.coins, fast service, free deposit."

"Netcoins is worth a look."

Coinsquare

3.1

(8)

"Coinsquare is a solid choice for those in Ontario. They have a variety of cryptocurrencies and a user-friendly platform."

"Coinsquare has a straightforward platform and their security measures, like two-step verification, are solid."

"Coinsquare have been pretty decent."

"Coinsquare is way faster than this."

"Coinsquare, while having a good selection of cryptos, can be a bit daunting for those new to the crypto world."

"I was going to start using coin square as it has been the only one verified. Anyone have experience with coin square or another?"

"Coinsquare was slower and had higher fees."

"Excessive fees. No volume. Garbage UI."

Coinberry

4.2

(6)

"Coinberry has been great for me."

"I use Coinberry, and it’s simple, secure, and lets you trade CAD for BTC, ETH, LTC, and more without headaches. The app is intuitive, they’ve got 2FA, and their customer service has been quick to help me out."

"For those new to crypto in Canada, Coinberry is an excellent choice. They're very beginner-friendly and offer a range of cryptos."

"For a reliable and easy-to-use Canadian exchange, check out Coinberry. They have a good range of cryptos and support CAD transactions."

"For beginners in Canada, Coinberry is a great choice. They make it easy to start trading with CAD."

"I like Coinberry more because it was faster and the fees were lower."

#10

Binance

4.2

(6)

"I exchange on Binance because they have very low fees."

"Binance my dude"

"Reliable for a wide range of cryptocurrencies."

"Binance is good as it has plenty of features."

"Well your options probably won't be on the CAD exchange, seeing as Ndax, shakepay, newton all don't have it. Binance?"

#11

Crypto.com

4.2

(5)

"Get yourself a nifty Visa card while you’re there."

"Crypto.com?"

"Canadians need to keep bothering kraken and Binance to accept eTransfers."

"Crypto.com offers eTransfer into my account, making it convenient for transactions."

"Useful for various altcoins."

#12

Paytrie

4.0

(5)

"Https://paytrie.com is another good option."

"Paytrie is a good option as well."

"Paytrie"

"Their fees are relatively low, it was a quick sign up process, and the fact I wanted to move funds to/from the Binance smart chain made it convenient."

"I've had pretty good success with paytrie"

#13

CaVirtEx

4.3

(4)

"Best strictly BTC/LTC/CAD exchange imo."

"I use QuadrigaCX for CAD/XBT and CaVirtex for LTC/XBT."

"The deposit time is a little slow but they give you a free prepaid debit card."

"Cavirtex.com canadianbitcoins.com vaultofsatoshi.com localbitcoins.com quickbt.com"

#14

CoinSmart

4.3

(3)

"They use a cold wallet to store your cryptos and support ADA Cardano."

"For ease of use and good security, Coinsmart is one of the best Canadian crypto exchanges."

"I've been pretty satisfied with CoinSmart, despite some initial negative feedback."

#15

Wealthsimple Crypto

4.0

(3)

"Wealthsimple Crypto is great for beginners, especially with their straightforward interface and educational resources."

"As a beginner, you'll find Wealthsimple Crypto very easy to use. Plus, they offer basic guides which are really helpful."

"Wealthsimple Crypto is a good starting point. They keep it simple and have basic guides to help beginners."

#16

Coinbase

3.3

(3)

"Your best bet is to probably go with Coinbase. Verification is fast and easy."

"Coinbase is ok for small amounts or recurring contributions."

"I stopped using Coinbase due to concerns about their practices."

#17

Cancoin

5.0

(2)

"The platform is easy to set up and has been working flawlessly since 2015."

"The marketplace is in beta but is working great. The wallet has been working flawlessly since 2015."

#18

Einstein Exchange

4.0

(2)

"Its hard to beat an exchange that you can physically walk into"

"Einstein Exchange or Gemini"

#19

Bitvo

4.0

(2)

"I like Bitvo, a Canadian exchange with good security features."

"Bitvo is a good option for those in Ontario. They have a user-friendly platform and support CAD transactions."

#20

Vault of Satoshi

4.0

2.0

(1)

"They sort of suck now because of high trading premiums."

#51

Taurus

1.0

(1)

"I have never heard of Taurus."

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