Top 6 Cryptocurrency Exchanges in Canada
In this blog, you will learn what are the best cryptocurrency exchanges in Canada and where you can buy cryptocurrency. Read on to know more.
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If you are a resident of Canada, there are plenty of trustworthy digital platforms where you can trade cryptocurrency. When deciding on the best exchange available for you, there are certain factors that you must consider, like the location, fees, currency, and availability of the different currencies. We realize beginners need some help and a stamp of validity before trusting in any crypto exchange.
Here is our pick on some of the best exchanges where you can buy cryptocurrency.
What is Cryptocurrency?
A cryptocurrency is a new form of money or means of exchange that is widely accepted today. In such a transaction, digital files are shared instead of your typical currency notes or coins.
Cryptography functions digitally through these files. It has decentralized control, so no government or one individual has control over this technology.
Canada’s Best Cryptocurrency Trading Platforms
Below, we have listed some of the most trustworthy platforms where you can purchase or sell cryptocurrencies in Canada.
1. Coinsmart
A user-friendly tool capable of verifying the identity of people quickly. Coinsmart takes credit cards and gives access to around 11 cryptocurrencies. It is a Toronto-based platform founded in 2018.
2. Wealthsimple Crypto
It is a regulated exchange in Canada. Wealthsimple Crypto is Canada’s largest Robo-advisor. It owns and manages the app, which is available on iPhones, Android-powered smartphones, and you can use it through a web interface.
3. NDAX
This platform has one of the lowest fees out of all the cryptocurrency platforms available in Canada. It is simple to use and allows users to get instantly verified.
It is based in Calgary and is accessible by computer and smartphone.
4. BitBuy
It is a popular cryptocurrency exchange based in Toronto. You can use a variety of coins on BitBuy. The easy-to-use features help newcomers and experts. You can access it via the internet from your iOS and Android-based smartphones, tablets, and PCs.
5. Binance
This network is the largest of all bitcoin platforms, with a wide range of cryptocurrencies, with the user base running into millions. You can download the mobile app from the App Store and Google Play. Binance also offers platforms for Windows, Mac OS X, and Linux.
6. Coinmama
Established in 2013, the platform allows you to purchase about ten cryptocurrencies. It also features a Bitcoin sale option. It is currently available in 190 countries.
Cryptocurrency, like many other innovative technologies, has faced justifiable skepticism and trust issues around the world.
However, in recent years, there has been a noticeable shift. Crypto and Bitcoin have gained increasing popularity term in pop culture and are an investment choice in people’s portfolios. If you are interested in more blogs on similar topics, follow the links below.
