Seller releases Bitcoin from multisig escrow directly to the buyer’s wallet. Because Hodl Hodl does not hold any money it is not subject to complex compliance procedures. This allows trades to happen directly between users’ wallets and without having to submit your identity to the trading platform. The main difference between Hodl Hodl and other P2P Bitcoin trading platforms is that we care about your privacy and do not hold user’s funds. Hodl Hodl is also cheaper than most of the other P2P trading platforms, with a maximum fee of 0.3% per trade. Another important feature of Hodl Hodl is that you can trade Bitcoin in any location in the world, use any payment method, and be paid in any currency.

This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. I’ve been dollar-cost averaging into crypto for three years now and I’ve tried a lot of exchanges. I have to say that I use this one almost solely now because their customer service is unbelievably great compared to the rest. Enjoy personalized service from a dedicated IIROC-registered Investment Representative.

cryptocurrency broker canada

Finally, Coinberry offers CDIC insured segregated banking which means that it never mixes company with customer funds. Furthermore, the company is publicly traded having launched on the Canadian NEO stock exchange in November 2021. Ledger, on the other hand, offers a cold storage unit to store your crypto. The Nano Ledger X is an excellent alternative if you are looking for a hardware wallet, now offering Bluetooth connectivity to access your assets on your phone. Since its inception in 2019, has been fighting its way over to the top exchanges of the market, and it certainly did.

We take your security seriously.

These providers are the best choice because they have competitive fees, offer a large selection of cryptocurrencies, and are considered safe platforms. Paxful sits top on the shelf because of a large number of payment methods, extensive and diverse users, and top-notch features, including a free Paxful wallet. SecureShift is a reliable, user-friendly, and relatively faster service for cryptocurrency exchanges.

AirSwap enables peer-to-peer trading through a suite of apps and tools that are free and easy to use. Our mission is to empower the world with frictionless trade. Always maintain full control of your tokens until they are traded. Easy-to-use design to buy or sell your tokens in under a minute. Shareable over-the-counter trades without the risk of third-party escrows. Swap any token with a customized price, quantity, and counterparty. has a user base of more than 50 million and insurance coverage of over $750 million. Some peer-to-peer platforms accept PayPal as the deposit method for buying bitcoins and other cryptocurrencies, but it is not a popular option in Canada. It is recommended to opt for other methods that are cheap, for example, bank transfer.

cryptocurrency broker canada

Investors looking to buy cryptocurrencies through dollar cost averaging. Bitbuy is another solid option for Canadians seeking a reliable, trustworthy crypto exchange. ZenGo is free to use, which means you get the industry’s best security for no cost. Sending and receiving crypto to and from ZenGo is alsofree, cryptocurrency broker canada and their24/7 support team answers most queries in5 minutes or less. All of my selections are supported by multiple data points, including crypto thought leaders, security experts, and TrustPilot reviews. Kristina Knight is a freelance writer with more than 15 years of experience writing on varied topics.

Current Crypto Prices

Bitbuy Canada is one of the most popular Canada-based exchange, with many attesting to their extremely good customer service. Canadian crypto investors have the option of using either Bitbuy Express Trade or Bitbuy Pro Trade. The Express Trade platform has an easy-to-use interface offering basic trading and conversion options. Investors who want more features and opportunities to use advanced trading techniques can instead use Bitbuy Pro Trade. Binance is one of the most popular crypto exchanges in the world and is an excellent option for both advanced and newbie Canadian crypto investors. Via Binance Canada, users can trade over 350 altcoins, including the exchange’s native token Binance Coin .

OKX is the industry leader in cryptocurrency trading instruments and pairs for traders around the world. With over 20 million traders in more than 200 countries, we are the most trusted cryptocurrency marketplace in the world to buy BTC, ETH, USDT, XRP and many more digital assets. Trade crypto more effectively with a variety of crypto pairs, derivative trading instruments, and order types such as limit order, market order, stop order, or iceberg order. Diversify your crypto portfolio and build long-term wealth with advanced finance tools for Bitcoin and cryptocurrency borrowing or lending.

It uses cryptography to secure and verify transactions and control the creation of new units. Popular examples include Bitcoin, Ethereum, Dogecoin, and Litecoin. Coinbase went public on the Nasdaq stock exchange on April 2021, becoming the first crypto exchange to become a publicly listed company. This could be seen favorably in terms of regulatory compliance, as the company has invested considerably to go to market in a regulated, compliant way.

This comprehensive page provides all the vital information on where you can buy cryptocurrencies with PayPal in Canada. We have reviewed the industry-leading exchanges, brokers, and apps to help you identify what works best for you. All the virtual currency transactions taking place in Canada are regulated by the Income Tax Act.

Bitbuy is a highly safe and secure trading platform registered under FINTRAC, a Federal Canadian government entity. Bitbuy also became the first regulated marketplace and broker dealer by the Ontario Securities Commission in 2021. The exchange stores 99% of its assets in cold storage and has a comprehensive insurance policy provided by regulated custodian BitGo. The two-factor authentication ensures transactional security. Centralized crypto exchanges are managed by one organization. Centralized exchanges make it easy to get started with cryptocurrency trading by allowing users to convert their fiat currency, like dollars, directly into crypto.

After getting the approval of the AML/CFT amendments, the companies are supposed to get themselves registered with FinTRAC. Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser’s unique methodology. At Crypto Head we aim to give people the knowledge to get involved in the fastest moving industry on the planet. Binance is generally considered the biggest exchange globally, according toCoinmarketcap.

Best crypto brokers

They provide you with accounts where you can create different order types to buy, sell and speculate in the crypto market. PaySafeCard is a good option to buy crypto if you do not have a bank account and want anonymity. No personal information is attached to PaySafeCard purchases, so you can buy crypto without revealing your identity. For example, PaySafeCard is a popular prepaid card that is offered at crypto trading platforms like Paxful. Many providers allow customers to deposit fiat currency like CAD using online banking, which is a fast and reliable method of transferring funds. NDAX is an example of a crypto trading platform in Canada that supports bank transfers to buy crypto.

On the economic side, it gives clarity on the project scope and the budget required for starting the business. Cryptocurrency businesses in Canada are regulated in the same way as the companies that provide money services. Cryptocurrency businesses have the same record-keeping and verification obligations as the Fiat Money Service Businesses. Every company indulging in the business of cryptocurrency is required to register itself with the Financial Transaction Analysis Centre of Canada . The securities legislation also apply to Cryptocurrency transactions. To better understand cryptocurrencies and the risks involved, read this article on crypto trading tips compiled by our team of experts.

If there are any concerns, users can access Coinsmart’s 24/7 support through email, live chat, and phone. Coinsmart only offers 16 digital assets, but they’re still one of the several exchanges in Canada that are registered with FINTRAC and OSC. This crypto app is ideal for new users who want to get into crypto trading immediately because it offers instant verification. Binance also supports various payment channels, including credit cards, bank transfers, and wire transfers.

Additionally, it has been considered by many to be the cheapest crypto exchange due to its low trading fees. Like Coinbase, this crypto app in Canada offers platforms for both new and seasoned traders. Contract is created, Hodl Hodl generates unique multisig escrow for it. Seller deposits Bitcoin in the escrow directly from his wallet. Buyer pays the seller according to the agreed upon payment method. supports over 250 cryptocurrencies with spot trading, advanced order types, and futures. Buy and sell bitcoin or 45 other cryptocurrencies and store them all in one place. You might not have access to a PayPal account or dislike the services, so choosing an alternative will be your next step. In this section, we offer a range of alternatives to provide options for everyone. You will need to register an account with the platforms where you want to buy crypto.

Deposit methodsBank transferWithdrawal methodsBank transferFor a detailed analysis of TradeStation services, check out our full review for 2023. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. CoinSmart has a local 24/7 support team that’s super responsive and helpful. The exchange puts an effort into making the user experience as seamless as possible and one of the ways to do so is by designing its dashboard to be minimal and user-friendly.


The best thing about this platform is that it has no extra fees! Newton makes profit from the small “bid-ask spread” or the difference between the buying and the selling price. Upon activation, your account has a trading limit of maximum 500 CAD per day that continues to go up as you trade more and more. On Newton, you can purchase Bitcoin, Ethereum, Litecoin, Ripple, Monero, Tether, Bitcoin Cash, Stellar Lumens, USD Coin, and QCAD.

Crypto Exchange FAQs

Binance is quickly becoming the most used exchange in the world and for good reason. The platform is perfect for experienced users but not recommended for beginner users which is why it’s not higher up on our featured list. As for customer support, you can either contact them directly from their website via live chat, send a support ticket via email, or reach for their phone support. Like Coinberry, NDAX is of course registered as a Money Service Business with FINTRAC. Aside from the main cryptocurrencies like Bitcoin and Ethereum, Bitbuy also enables Canadians to buy altcoins like Polygon, Solana, Polkadot, Uniswap, Dogecoin, and many more. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated.

It is widely known for its user-friendly interface, strong security measures, and excellent customer service. It is also the first Canadian crypto exchange to be regulated. A crypto trading platform is typically accessible through a web browser, but many also offer mobile apps for iOS and Android devices. These crypto apps often provide users the same functionality as the desktop version, allowing them to monitor their portfolios, view prices in real-time, and even set up automatic trades. Coinberry’s sign-up process is very fast and most users are able to purchase Bitcoin and other cryptocurrencies using CAD almost immediately.

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