Compare the Best Crypto Exchanges in Canada

Compare the Best Crypto Exchanges in Canada

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Make sure the platform is registered with either FinCEN or FINTRAC. These are the two main financial regulators in the country that oversee the crypto industry. The currencies are stored in so-called wallets, which can be either hot or cold . When you want to buy or sell a certain amount of Bitcoin, for example, the order is matched with another user who wants to do the opposite. If you happen to run into any issues, has a highly responsive customer service team available 24/7. You can reach out to them through the in-app chat feature or by visiting their help centre for a more detailed explanation.

This consistent flow of visitors offers Wellfield an embedded audience to which it expects to market current products more actively, as well as future products and services. Talking about fees, Coinmama is known as an expensive exchange, but those who love convenience and security will love to pay that much to use the exchange. For every crypto purchased on Coinmama, the platform’s fee is 5.5%, and 5% is the fee for simplex . The means of deposit on this exchange is through debit or credit card, and it accepts both Mastercard and Visa cards. Furthermore, to be eligible to buy coins and to pass certain limits, you must have a complete account. Accounts open on Coinmama have limits depending on the type and depth of verification the user has carried out on the platform.

advanced trading

Everything was done on paper then, and, of course, there were a lot of pitfalls to having no digital resources. Centuries later, most trading is done online, and paper ledgers are now used only to back up online information. Many exchanges will offer you a sign-up bonus in the form of free coins or a matching deposit. This is usually given as an incentive to get more people on board.

2 Products with instant approval have a provisional decision within 60 seconds. The credit provider’s final decision is made at their discretion, subject to decisioning criteria. Earn 0.5% back in bitcoin on all of your trades within the month when you trade a total of $10,000 or more in a month. Competitive buy and sell prices with excellent liquidity and tight spreads.

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Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Deposits are accepted in all major currencies, i.e. you can pay with your local currency. The minimum amount for a purchase of cryptocurrencies is currently 60 USD .

  • Overall, the UI is quite playful and vibrant without being too overwhelming.
  • Because of this position in the industry, the company’s website generates millions of unique non-user visitors annually, primarily via organic traffic.
  • The Transaction will constitute a Fundamental Acquisition under TSX Venture Exchange (the “TSXV”) Policy 5.3 and as such it will require TSXV approval.
  • Additionally, online brokers often have an entire research database, which you can use when trading.
  • The cost of transacting on this exchange is considered outrageous as it is higher than most other exchanges, especially the popular ones.

You’re essentially dealing directly with the other person, without having to go through a bank or another financial institution. For the most part, is a dependable and easy-to-use service that’s perfect for both beginners and seasoned investors. If you’re looking for a challenge, this platform might be exactly what you need.

The Trustpilot Experience

Wellfield builds advanced technology that uses blockchain to create the next generation of financial solutions for institutions and consumers. The purchased coins are not stored on the exchange servers, so they reduced the risk of coin theft as the coins are sent straight to the provided offsite wallet when the payment is validated. This final verification level allows you to buy or sell cryptocurrencies worth up to one million US dollars. In addition, level 2 requires that you have purchased at least $9,900 worth of cryptocurrencies from Coinmama. Level 2 enables you to buy or sell $50,000 in cryptocurrencies every day. There is no processing fee when purchasing by bank transfer .


Therefore, you should check the purchase prices on other stock exchanges before investing. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Readers are cautioned that the foregoing list is not exhaustive and the forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information. Convert over 30 local currencies into BTC, ETH, USDT or other cryptocurrencies in minutes using your credit card or other payment methods.

It boasts over 130 digital assets, with popular options such as Bitcoin, Dash, Digibyte and Decred. This 2013-founded exchange has managed to keep up with the times and remains one of the best crypto exchanges for Canadians. In 2021 by building a global platform for millions of buyers and sellers of digital currencies using everyday payment methods. Coinmama currently has more than 3.5 million registered users, each of which has undergone regulatory verification and transacted on the platform.

Mogo Crypto

There you will find instructions on how to install, set up and use wallets for various cryptocurrencies. Neither the TSXV nor its Regulation Services Provider has approved nor disapproved the contents of this news release, nor do they. Accept responsibility for the adequacy or accuracy of this release.

Note that ZenGo charges various local currency conversion fees if you’re using any currency besides USD, CAD, AUD, EUR, or GBP. If you want to trade or swap crypto, ZenGo lets you do that too. And, you can even use your ZenGo Savings Account to earn interest on your cryptocurrency to put your digital assets to work. And when it’s finally time to move your crypto out of ZenGo, you can always transfer it to another exchange or wallet of your choice. Legitimate and reputable online brokers are established firms.

There are advantages to coinmama exchange reviews like Wealthsimple Crypto, especially if you want lower fees and to trade on a Canadian-regulated exchange. Unlike other crypto wallets like Ledger and Trezor, which price their services from approximately $60 to $150 or more in hardware costs depending on the model, the ZenGo wallet is completely free to download. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Generally, you’ll be able to tell if an online broker is regulated on the broker’s website.

In that, it’s managed to cement its reputation as one of the best exchanges for crypto in Canada. The list of assets supported includes Polygon, Polkadot, Ethereum and Litecoin, in addition to others. A veteran in the field, this 2013-founded exchange has managed to keep up with the times and remains one of the best crypto exchanges for Canadians.

Check out our top picks to help get you started on your investment journey. Coinbase was founded in 2012 and has since turned into one of the best cryptocurrency trading platforms in Canada. Coinmama will integrate Wellfield’s Seamless branded DeFi protocols into its current platform. These fantastic features prove that the Coinmama exchange platform is very safe to use as much as it is legit.


Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he’s been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

Best Canadian Crypto Exchange: A Sneak Peak

Set up recurring buys for assets like Bitcoin, Ethereum, and 18 other coins so you can invest in cryptocurrency on your own schedule. Get low and transparent fees with live order books for advanced users. Provides charting and trading tools suitable for advanced crypto traders. Uses state-of-the-art storage technology to protect your cryptocurrency and CAD assets. Despite its infancy, ZenGo is asserting itself as one of the best crypto wallets on the market. The free app has an average rating of 4.5 stars on both the Google Play Store and Apple Store, plus hundreds of thousands of downloads to date.

Wellfield Closes Acquisition of Coinmama – brings ~US$130M in … – Canada NewsWire

Wellfield Closes Acquisition of Coinmama – brings ~US$130M in ….

Posted: Fri, 27 May 2022 07:00:00 GMT [source]

It is completely safe and 100% secure for Canadians to trade at any crypto exchange linked here. Adds experienced team to manage growth – Coinmama’s team of over 50 full time personnel, including the organization’s senior management team, will be joining Wellfield. This is expected to provide the Company with the experience it needs to manage the growth it expects as it scales its offerings. Together, we are even better positioned to build a sector-defining company that unlocks the power of DeFi and makes accessibility and adoption easy for both individuals and institutions.” The exchange’s verification system is very swift, and with all the required details provided, it gives the user a limit that is up to $100,000 in buying cryptocurrencies.


Coinmama is one of the established suppliers for the direct purchase of Bitcoin, Ethereum, Litecoin and some other well-known cryptocurrencies.The broker is very reliable and fast in processing orders. If you want to buy cryptocurrencies by credit card or SEPA bank transfer, Coinmama is a very good option. As a result, the sale of cryptocurrency is currently only possible for Bitcoin . Coinmama offers you the opportunity to sell Bitcoin online via SEPA bank transfer and convert it into euros in just a few steps. The payment processor charges an additional fee of 5.00% for the purchase of cryptocurrencies by credit card/debit card.

OKX review 2023 Pros, Cons & Safety – Invezz

OKX review 2023 Pros, Cons & Safety.

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Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. All crypto held online in Gemini’s exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers. Other exchanges have a larger choice of digital assets to trade.

  • You can reach out to them through the in-app chat feature or by visiting their help centre for a more detailed explanation.
  • ZenGo is a versatile, mobile-only cryptocurrency wallet that lets you buy, sell, and trade dozens of cryptocurrencies.
  • For every crypto purchased on Coinmama, the platform’s fee is 5.5%, and 5% is the fee for simplex .
  • There’s a $125 minimum purchase requirement for credit, debit, and bank transfer crypto purchases.

Essentially, ZenGo creates two secret shares rather than a single private key. One share is stored on your device and the other is stored on ZenGo servers. You need both shares to access your funds, so if something happens to your smartphone or ZenGo servers, hackers can’t access your wallet. Once logged in, you can deposit cryptocurrencies from another wallet or exchange them into your ZenGo wallet. To transfer funds, tap on an asset in your ZenGo wallet app to find your unique wallet address.