5 Best crypto exchange canada reddit 2022

5 Best crypto exchange canada reddit 2022


Reddit is a popular site for people interested in cryptocurrency trading. With so much yet to be learned about cryptocurrency trading and the market rapidly changing, Reddit stands out as a go-to resource for cryptocurrency knowledge and assistance. In this post, we’ll break down the best place to buy crypto, as voted by Redditors.

Capital is the favourite among knowledgeable crypto investors on Reddit, both for its enterprise-grade security and zero trading fees. If you’re looking for a safe, cost-effective way to buy and sell crypto, I can’t recommend Capital highly enough.

Here are Reddit’s top picks for the best crypto apps and exchanges:

1. Capital – Best Overall

Capital is so much more than a crypto exchange and that's exactly what makes it so great. With Capital, you can trade crypto alongside stocks, commodities, forex, market indices, ETFs and more—all with zero trading fees.

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), which is extremely small. It has a fully functional desktop platform and well-rated mobile app, plus a demo account where you can practice trading in real time with paper (fake) money.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure exchange regulated by trustworthy authorities. Every user even receives a dedicated account manager you can reach by email or phone at any time, making Capital’s customer support experience second to none. 

I’ve personally used Capital for more than 4 years, and based on both my own experiences and those of millions of other users, I can’t recommend Capital highly enough. 


Zero trading fees

Tight spreads (0.1% – 0.3%) 

Supports 100+ cryptocurrencies

Allows up to 500x leverage (200x leverage on crypto)

Free deposits and withdrawals from debit/credit cards, bank transfer, etc.

Dedicated account manager you can reach at any time

Excellent desktop trading platform

Well-rated mobile app (4.8/5 on Apple, 4.6/5 on Google)


Trading fees: 0%

Spreads: 0.1% – 0.3%

Best For

Investors looking for the best overall crypto experience with extremely low fees.


Bitbuy is, without a doubt, the best crypto platform in Canada in 2022.

For starters, Bitbuy has incredibly low trading fees: just 0.1% for trades made using their advanced trading platform. It supports 25+ cryptocurrencies, verifies accounts instantly, prides itself on its helpful customer service reps, and has a beautiful, well-rated app.

Bitbuy has processed more than $4 billion in trades across its 400,000+ Canadian users. It’s a Registered Marketplace and Investment Dealer as recognized by the Ontario Securities Commission (OSC), which means it’s a highly safe and secure exchange that offers deep liquidity for all order sizes.

For a limited time, Bitbuy is offering a $50 bonus to Yore Oyster readers who fund their account with $250 or more. If you’re looking for a highly-respected Canadian crypto exchange that offers altcoin trading, excellent customer service, and a slick mobile app, open a Bitbuy account today.


Extremely low trading fees (0.1%)

Easy to use for both beginners and more advanced traders

Supports 25+ cryptocurrencies

Excellent customer support

Powerful mobile app (rated 4.6/5 on the App Store)

99% cold storage policy keeps your crypto extra secure


Account Opening: Free

Trading Fees: 0.1%

INTERAC Deposits/Withdrawals: 1.5%

Bank Wire Deposit: 0.5%

Bank Wire Withdrawal: 1%

Signup Bonus

$50 when you deposit $250 using this link.

Best For

Investors looking for extremely low fees and the best overall trading experience.


Binance is an international cryptocurrency exchange that currently serves as the world’s largest crypto trading platform by volume of daily trading. It began operations in 2017 and is now headquartered in the Cayman Islands.

Binance was founded in Hong Kong but later moved its headquarters overseas due to increased government intervention in cryptocurrencies. It has several notable characteristics, including powerful charting tools and access to the Binance Earn feature, as well as a Binance Visa Card.


Supports 300+ cryptocurrencies

Supports 50+ fiat currencies

Binance Earn feature

Binance Visa Card

Advanced charting tools

Earn lower fees by using the exchange’s native currency (Binance Coin)


Crypto deposit fees: Free

Fiat deposit fees: From 0% to 3.5%

Crypto withdrawal fees: From 0% to 2,5%

Taker fees: From 0.04 to 0.1%

Maker fees: From 0.02 to 0.1%

Futures trading maker fees: 0.02%

Futures trading taker fees: 0.04%

Instant buy/sell trade fees: 0.5%

Debit/credit card purchases: 4.5%

Best For

Investors interested in investing in relatively unknown altcoins.


CoinSmart is a great second option for Canadians seeking a reliable, trustworthy crypto exchange.

Like Bitbuy, CoinSmart’s trading fees are also low, just 0.2%. They offer excellent customer support available 24/7 via phone, live chat and email, and user accounts are verified instantly.

CoinSmart has been designated a Registered Marketplace by the Ontario Securities Commission (OSC), and as a publicly-traded company, their financials are audited by a third-party firm at least once per year. They also maintain a 95% cold storage policy, which ensures your crypto is kept extra safe and secure across all circumstances.

As a new CoinSmart user, you’ll receive a $50 bonus upon funding your account, which you can use to buy Bitcoin, Ethereum, or any of the 16 assets CoinSmart supports. If you’re looking for a highly secure, reputable crypto platform, CoinSmart is an excellent choice.


Extremely low trading fees (0.2%)

24/7 customer support available via phone, live chat or email

Instant account verification

Supports 16 cryptocurrencies

Registered Marketplace by the OSC

Immediate deposits and withdrawals

User-friendly for both beginners and advanced traders

95% cold storage policy keeps your crypto extra secure


Account Opening: Free

Trading Fees: 0.2%

INTERAC Deposit: 0%

Bank Wire Deposit: 0%

Bank Wire Withdrawal: 1%

EFT Withdrawal: 1%

Signup Bonus

$50 bonus when you sign up using this link and our promo code YOREOYSTER.

Best For

Investors looking to trade with low trading fees.


Coinbase is an American cryptocurrency exchange that was originally founded in 2012. It’s based in San Francisco and it’s one of the oldest cryptocurrency exchanges in the world. It’s also the second-largest crypto exchange in the world, the first being Binance.

It was designed to be one of the easiest places to buy, sell, and trade cryptocurrency, and it serves retail investors, businesses, and institutions alike. Originally, it only supported Bitcoin, but it now supports a wider array of digital assets.


Supports 100+ cryptocurrencies

Coinbase Pro, the premium service of the platform

Coinbase Earn, a bundle of learning resources and tools ideal for beginners

Coinbase Wallet app that allows you to store your cryptocurrencies safely

98% cold storage policy to keep your funds secure

Insurance for hacked funds


Bank account fee: 1.49%

Debit or credit card fee: 3.99%

Coinbase USD Wallet fee: 1.49%

Credit transaction fee: 2%

ACH transfer fee: Free

Bid-ask spread: 0.5% (Can vary)

Best For

Crypto investors looking for learning resources on crypto and a wide array of supported cryptocurrencies.

Disclaimer: this content for informational purposes only. This should not be taken as financial advice to buy, trade, or sell cryptocurrency or use any specific exchange.