10 Best Crypto Exchanges in Canada for Day Trading 2026

I’ll talk about Canada’s Top Crypto Exchanges for Day Trading in this post. Canadians have a variety of options, ranging from sophisticated exchanges like Kraken and Bitbuy to user-friendly platforms like Shakepay and Newton.

With our guidance, you can select the best exchange for safe and effective day trading in Canada by going over fees, liquidity, supported cryptocurrencies, and tools.

Key Point & Best Crypto Exchanges in Canada for Day Trading

Exchange	Key Features
Shakepay	Easy CAD deposits/withdrawals, mobile app, BTC & ETH only
Newton	Supports multiple crypto, zero-fee trading, CAD deposits
NDAX	CAD & crypto support, spot trading, security focus
Bitbuy	Advanced trading (Pro), CAD pairs, regulated
Kraken	Global exchange, margin & futures, strong security
Binance Canada (restricted)	Spot trading only, some features restricted
KuCoin (Canada access)	Global exchange, futures & margin, wide crypto variety
Gate.io	Spot, futures, margin, staking, wide altcoin selection
Netcoins	CAD deposits/withdrawals, simple interface, regulated
Uphold Canada	Multi-asset platform (crypto, stocks, metals), CAD support

1. Shakepay

Founded in 2015, Shakepay is a Canadian cryptocurrency platform that specializes in quick and easy CAD deposits and withdrawals for trading Bitcoin and Ethereum. Instead than charging direct trading fees, Shakepay makes money through spreads, which are the difference between buy and sell prices.

Depending on the state of the market, these spreads can amount to a few percent. Users can earn modest amounts of Bitcoin through the platform’s entertaining “shake and earn” feature, and deposits and withdrawals by wire transfer or e-Transfer are free. Although its user-friendly design makes it appealing to novice traders, its limited resources and features make it unsuitable for sophisticated day trading.

Shakepay Features, Pros & Cons

Features

• Easy CAD funding with Interac e-Transfer & wire
• Only BTC & ETH available
• No visible trading fees (spread based)
• Mobile interface
• Shake rewards BTC

Pros

1. Very simple and easy to use
2. Interac Instant CAD deposit
3. No visible trading fees
4. Withdrawals are instant
5. Shake rewards are great for trading.

Cons

1. Only available coins are BTC & ETH
2. Spreads may be even worse than some order books.
3. No charts and tools
4. Not good for day active traders
5. No margin or derivative trading.

2. Newton

Since its 2018 introduction, Newton has gained recognition for its wide range of supported cryptocurrencies and low seeming fees. Newton offers free CAD funding through Interac e-Transfer and bank transfers, and does not charge explicit trading costs. Instead, it makes money from bid-ask spreads, which differ depending on the asset.

It is a good choice for novices and those looking for minimal entry expenses because it supports more than 60 cryptocurrencies and offers simple onboarding and mobile access. Although the platform prioritizes compliance and is registered with Canadian regulators, spreads may be larger than on order-book-based exchanges.

Newton Features, Pros & Cons

Features

• 60+ cryptocurrencies available
• No visible trading fees
• CAD deposits via Interac e-Transfer & bank wire
• Mobile and Web
• Canadian registered

Pros

1. Lots of crypto available
2. No entry fee
3. Instant CAD on/off-ramps
4. Easy to get started
5. Support is great

Cons

1. Real costs are hidden under spreads
2. Less advanced than order-book exchanges
3. No margin trading
4. Lack of sophisticated features.
5. Price fluctuations when trading.

3. NDAX

The National Digital Asset Exchange, or NDAX, is a fully licensed Canadian exchange that offers day traders sophisticated spot trading and charting capabilities along with competitive flat trading fees of about 0.2% per trade. NDAX provides staking and other services on certain assets and accepts deposits through wire transfers and Interac e-Transfer.

Canadians seeking trustworthy fiat-to-crypto trading find it interesting because to its clear fee schedule, adherence to FINTRAC, and security measures. Its low price and regulatory status draw active traders looking for consistency and peace of mind, despite having a lesser assortment of coins than international exchanges.

NDAX Features, Pros & Cons

Features

• Canadian registration as an exchange
• Order book management
• Fee structure ~0.2% +/-.
• Funding via Interac & wire transfers in CAD
• Charts of high complexity

Pros

1. Canadian trading pairs provide tangible liquidity
2. Fees fully available
3. Security has been regulated
4. Tools for trading are advanced
5. Electronic transfers that are direct are fast

Cons

1. Advanced Users only as an Interface
2. Less than the average selection of cryptocurrencies when compared to other international exchanges
3. In peak periods, time may be excessive for withdrawal
4. Disparity in spread as per trading pairs
5. Support is slower than average

4. Bitbuy

With two trading interfaces—Express and Pro Trade—Bitbuy, one of Canada’s first cryptocurrency exchanges, was established in 2013 and caters to both novice and expert traders. Bitbuy Pro provides strong order books, native CAD support through Interac and bank wires, and maker and taker costs as low as ~0.1% and ~0.2%, respectively.

The platform offers a safe environment with wallet insurance and customer support, and it is licensed in Canada. Bitbuy’s licensed status and trading capabilities make it a great local choice for frequent trading, even though its cryptocurrency selection and liquidity aren’t as extensive as those of international exchanges.

Bitbuy Features, Pros & Cons

Features

• Two interfaces: simple & Pro
• Maker ~0.1% / Taker ~0.2% fees
• CAD support
• OTC desk for large trades
• Regulated in Canada

Pros

1. A structure of fees that is competitive
2. For day trades, the order book depth is sufficient
3. Charts are available through the Pro interface
4. Compliance with regulations ensures security.
5. Deposits in CAD are processed quickly.

Cons

1. Less than the average number of coins when compared to global exchanges.
2. In comparison to some global markets, fees are still higher.
3. Advanced functionality is limited compared to Kraken/Binance.
4. During periods of low volatility, spreads may widen.
5. Derivative traders will prefer other platforms.

5. Kraken

Founded in 2011, Kraken is one of the oldest and most respected cryptocurrency exchanges in the world. It offers a large selection of more than 300 cryptocurrencies with deeper liquidity and cutting-edge features. Kraken is convenient for Canadian traders because it accepts CAD deposits through Interac and wire transfers, and its trading costs normally range from roughly 0.16% to 0.26% on spot trades.

Kraken draws serious day traders with its robust charting, staking, and possible complex order types. Even while its fee charges are a little more than those of ultra-low platforms, its robust global presence and regulatory compliance also give security-conscious consumers peace of mind.

Kraken Features, Pros & Cons

Features

• Global exchange with CAPD support
• 300+ traded assets
• Margin, staking, and spot trading
• Diverse order types and API
• Fees around 0.16 – 0.26 %

Pros

1. Varied assets and high liquidity.
2. No major breaches to security
3. Charting and order type systems are advanced.
4. Available margin.
5. Available Canadian funding.

Cons

1. Fees are not straightforward
2. Some users are verified later than others
3. Some users may find the UI steep learning curve
4. Some users may experience wait time when reaching out to support
5. Some users may have limited access to features based on region.

6. Binance Canada (restricted)

Following regulatory restrictions that limited services in the area, Binance Canada represents Binance’s limited activities in Canada. Although Binance was established in 2017 and is renowned for having some of the lowest trading fees (about 0.1% maker/taker) and the most liquidity in the world, its Canadian listing is limited for regulatory compliance, which means that some features (like derivatives) might not be available and that services are customized to local regulations.

Although Canadians have restricted access to Binance’s entire worldwide suite, the platform’s reputation for strong liquidity and affordable prices makes it appealing in areas where local access allows for spot trading.

Features Features, Pros & Cons

• Some services of Binance
• Spot trading
• Fees on the lower side globally (~0.1%)
• Unmatched liquidity on the global scale.

Pros

1. Liquidity is extremely high.
2. Where applicable, global trading fees are low.
3. In the global market, the asset selection is wide.
4. Sophisticated trading instruments are available.
5. Good reputation globally.

Cons

1. The Canadian Government has imposed restrictions on Binance.
2. Locally, many functions are not available.
3. Withdrawal and funding in Canadian dollars (CAD) may have restrictions.
4. May not be operationally compliant in all provinces.
5. Difficult access and support in Canada.

7. KuCoin (Canada access)

Day traders adore KuCoin, a global exchange that has long provided minimal fees, a large selection of trading pairs, and deep liquidity.

However, KuCoin’s direct accessibility to Canadian traders is limited because to legislative restrictions in Canada, which also limits formal KYC registration and fully compliance activities within the nation.

Canadian residents frequently require alternative compliance platforms and should verify the most recent regulatory status before using non-Canadian services, even though its pricing structure is still competitive internationally (typically around 0.1% or less with discounts).

KuCoin (Canada Access) Features, Pros & Cons

Features

• Access to global exchange (if compliant)
• 600+ coins available
• Offers futures, margin trading, and staking
• Competitive fees (~0.1%)

Pros

1. Huge range of trading pairs
2. Low fees globally
3. Futures & margin available
4. 600+ coins available
5. Incentives and bonuses
6. Good liquidity on the major pairs

Cons

1. Unregulated in Canada
2. Direct CAD funding may not be possible
3. Unclear compliance
4. Greater learning curve
5. Possibility of limited access

8. Gate.io

Established in 2013, GATE.io is a sizable worldwide cryptocurrency exchange that offers a vast selection of assets and affordable trading costs across borders. However, Gate.io stopped operating for Canadian customers owing to legal changes, and it is no longer formally available in Canada, therefore citizens are unable to utilize the platform without encountering access limitations.

Although Gate.io’s deep liquidity, variety of trading tools, and low fees continue to make it appealing to people throughout the world, Canadians should only look at locally compatible options to stay clear of regulatory problems and guarantee fiat-to-crypto support.

Gate.io Features, Pros & Cons

Features

• Global exchange with diversified markets
• Spot, margin, and futures
• Liquidity for altcoins
• Global trading fees are low

Pros

1. Voluminous crypto collection
2. International trading fees are low
3. Plenty of markets and tools for trading
4. Sufficient liquidity for many alt pairs
5. Modes for beginners and advanced users

Cons

1. Canadian users cannot access the services (operations have ceased)
2. Direct CAD funding is not possible
3. Use of a VPN may result in regulatory complications
4. Canadian access support is lacking
5. Not suitable for on and off ramps in fiat

9. Netcoins

Founded in 2015, Netcoins is a wholly Canadian platform that offers a basic trading interface with competitive 0.5% fees per trade + built-in spread, as well as easy CAD deposits through Interac e-Transfer. For larger transactions, the exchange offers OTC services and staking options in addition to supporting a substantial number of well-known cryptocurrencies.

With robust customer assistance and cash-out options, Netcoins prioritizes security and compliance. Although more experienced traders might look elsewhere for greater liquidity, this makes it a reliable option for Canadians seeking a controlled setting and affordable prices for routine spot trading.

Netcoins Features, Pros & Cons

Features

• Regulated in Canada
• CAD on and off are possible via Interac
• Trading fees are in the mid range (about 0.5% and a spread)
• Basic interface for trading

Pros

1. Regulation in Canada is complete
2. CAD deposits are simple
3. Mid-size traders will find the service suitable
4. OTC options are available
5. Safe and compliant

Cons

1. Trading costs are higher than those of many competitors
2. Liquidity is low compared to global markets
3. The tools for advanced users are limited
4. Spread may be larger with high volatility
5. High-frequency day trading not recommended

10. Uphold Canada

Users of the multi-asset trading platform Uphold can exchange fiat money, precious metals, and cryptocurrency. Compared to specialized cryptocurrency exchanges, Uphold, which was founded in 2014, offers easy-to-use trading but higher costs (often 1.4%+ on cryptocurrency trades plus spreads).

Access may be restricted because Uphold Canada revoked its application for registration in some Canadian jurisdictions and does not currently provide citizens with fully compliant services.

Although novices and multi-asset traders find its worldwide platform appealing, Canadian day traders usually favor specialized, regulated cryptocurrency exchanges with more liquidity and cheaper trading costs.

 Uphold Canada Features, Pros & Cons

Features

• Multi-asset platform (crypto, stocks, metals)
• Web/app interface is easy to navigate
• Supports several global assets

Pros

1. Ability to trade crypto + other asset classes
2. Easy onboarding
3. Wide selection of global assets
4. Positive for diversified investors
5. Multiple markets accessible right away

Cons

1. High relativly high fee structure
2. Canada operations are limited / withdrawn
3. Not suitable for active day traders
4. Spread costs can be large
5. CAD funding may be limited

Conclusion

In conclusion, traders of all skill levels can find what they need at the Best Crypto Exchanges in Canada for Day Trading. While NDAX and Bitbuy offer minimal costs, regulated environments, and order-book depth appropriate for active trading, platforms like Shakepay and Newton thrive in simplicity and quick CAD funding, making them perfect for novices.

Although some are subject to Canadian limitations, Kraken, Binance Canada, and KuCoin offer sophisticated tools and attractive spreads for more experienced traders looking for worldwide liquidity and a variety of assets. In the end, selecting the best exchange for Canadians to trade safely and effectively depends on their trading preferences, desired assets, fee sensitivity, and regulatory compliance.

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