I’ve been diving into the crypto space here in Canada, and let me tell you, it can be a bit of a jungle out there. With so many crypto trading apps available, I was overwhelmed at first. But after some research and testing, I've narrowed it down to what I think are the best Canadian crypto apps out there.
What Makes a Crypto App Stand Out?
Before we get into my top picks, let’s talk about what factors I considered when choosing these apps. First off, security is non-negotiable for me. You want an app that has two-factor authentication and keeps most of its assets in cold storage. Then there's regulatory compliance; I made sure all these platforms are registered with FINTRAC and follow CSA guidelines.
User experience was another big one—if the app is clunky or hard to navigate, I'm out. And of course, fees matter; I’m not trying to give away my profits to some platform's high trading fees. Lastly, I wanted to make sure there was a good variety of coins available for trading.
My Top Picks for Canadian Crypto Apps
Bitbuy
Bitbuy is one of the most popular crypto exchanges in Canada and for good reason. It checks off almost all my boxes: it’s secure, compliant with regulations (hello FINTRAC), and has low fees (0.2% trading fee). The only downside? It doesn’t have as many coins as some other platforms.
NDAX
NDAX is another solid choice. It offers a wide variety of cryptocurrencies (over 30), has competitive fees (0% on deposits and withdrawals), and is also compliant with Canadian regulations. The only downside? Customer support could be better.
Wealthsimple Crypto
Wealthsimple’s crypto feature is pretty straightforward—it allows you to buy or sell Bitcoin and Ethereum using CAD at no additional cost other than the spread. However, it lacks advanced features like staking or lending.
Binance
While Binance isn’t based in Canada (it started in China), it offers an impressive array of coins—over 600! However, its regulatory status is a bit murky right now; it’s not allowed in Ontario as far as I know.
Final Thoughts: Choose Wisely
So there you have it! These are the best Canadian crypto apps I've found after doing my homework and testing them out myself. Just remember: do your own research (DYOR) before committing any funds to any platform!
