Investing in cryptocurrency has become increasingly mainstream, offering a legitimate way to grow your wealth. However, it's crucial to choose a secure, regulated, and low-fee trading platform to mitigate risks. With numerous options available, selecting the right platform can be overwhelming. This guide compares the top crypto trading platforms and apps in Canada for 2025, detailing their security, fees, and features to help you make an informed decision.
Best Crypto Apps Compared
| Platform | Security/Regulation | Coins Offered | Fees |
|---|---|---|---|
| Coinsmart | OSC & FINTRAC regulated, 95% cold storage | 16 | 0.2-0.3% trading fees, 1.5% Interac deposit fee (waived over $2,000) |
| Wealthsimple | Federally regulated, insured by Gemini | 43 | 1.5-2% spread on trades |
| Bitbuy | OSC & FINTRAC regulated, 99% cold storage | 15 | 0.1-0.2% trading fees |
| Crypto.com | SOC 2 compliant, 100% cold storage | 250+ | 0.4% trading fees |
| Newton | FINTRAC regulated, insured custodians | 60+ | Up to 0.7% spread |
| NDAX | SOC II certified, FINTRAC regulated | 30+ | 0.2% trading fee, $4.99 withdrawal fee |
| Shakepay | FINTRAC regulated, multi-factor auth | 2 | 1-3% spread |
| Coinberry | FINTRAC regulated, $200M insurance | 29 | 0-2.5% spread |
Coinsmart – Best Overall Crypto Platform in Canada
Founded in 2018, Coinsmart is a Toronto-based exchange known for its user-friendly interface and robust security. It’s the second platform in Canada to achieve Registered Marketplace status nationwide.
Key Features:
- Security: FINTRAC-regulated, 95% cold storage via BitGo, 2-factor authentication.
- Coins: 16 cryptocurrencies, including Bitcoin, Ethereum, and Shiba Inu.
- Fees: 0.2% trading fee (0.3% for double trades), free wire transfers.
- Bonuses: $30 welcome bonus via referral.
Wealthsimple Crypto – Best for Beginners
Wealthsimple Crypto offers a federally regulated platform integrated with its stock trading app, making it ideal for beginners.
Key Features:
- Security: NYSDFS-regulated custody via Gemini, bank-level encryption.
- Coins: 43 cryptocurrencies, including Solana and Chainlink.
- Fees: 1.5-2% spread (no deposit/withdrawal fees).
- Bonus: $50 for trading $150+ initially.
Bitbuy – Best for Advanced Traders
Bitbuy provides two interfaces: Express Trade for beginners and Pro Trade with advanced tools like limit orders.
Key Features:
- Security: OSC-registered, 99% cold storage.
- Coins: 15, including Cardano and Solana.
- Fees: 0.1-0.2% for Pro Trade.
Crypto.com – Largest Coin Selection
With over 250 coins and global services like a crypto Visa card, Crypto.com suits users seeking versatility.
Key Features:
- Security: Tier 4 NIST Cybersecurity, 100% cold storage.
- Fees: 0.4% trading fee (under $25K/month).
- Promo: 0% fees on card purchases for 30 days.
👉 Explore Crypto.com’s offerings
What to Look for in a Crypto Trading App
Security & Regulation
- Ensure platforms use 2-factor authentication and cold storage.
- Verify FINTRAC/OSC registration in Canada.
Fees & Coins
- Compare trading fees (flat % vs. spread).
- Check if your preferred coins (e.g., Dogecoin) are supported.
Ease of Use
- Mobile app ratings (e.g., Newton’s 5-star app).
- Customer support responsiveness.
Crypto Wallets: Hot vs. Cold
| Type | Pros | Cons |
|---|---|---|
| Hot | Easy access for transactions | Vulnerable to hacking |
| Cold | Hack-proof (offline) | Less convenient for trading |
Recommended Cold Wallets: Ledger Nano X, Trezor.
FAQ
1. Which Canadian crypto exchange has the lowest fees?
NDAX charges just 0.2% per trade.
2. Is Wealthsimple Crypto safe?
Yes, it’s federally regulated and insured by Gemini.
3. How do I start trading crypto in Canada?
Sign up with a regulated platform like Coinsmart or Wealthsimple.
4. What’s the most secure wallet?
Hardware cold wallets (e.g., Ledger).
Final Thoughts
Coinsmart tops our list for its balance of security, low fees, and ease of use. Whether you’re a beginner or advanced trader, Canada’s regulated platforms offer safe entry points into crypto investing.
👉 Start with Coinsmart’s $30 bonus
Remember: Diversify investments and never risk more than you can afford to lose.