How to trade cryptocurrencies in Canada?

There are clear guidelines on how to trade cryptocurrencies within the country, and Canadian crypto market regulations further outline taxation on profits from digital assets. The first and easiest way to buy and sell Bitcoin in Canada is through a crypto exchange. To start with, you must sign up and verify your account.

What is the best crypto trading platform in Canada?

Wealthsimple Crypto prides itself on being Canada’s first regulated crypto trading platform. It is also the best crypto platform to begin investing as a newbie or if you want to trade stocks and ETFs in addition to crypto.

Are crypto exchanges legal in Canada?

Canada has strict financial regulations to prevent financial service providers from “taking” your money, including crypto exchanges. Crypto exchanges are platforms that make it possible to buy and sell cryptocurrencies, and they handle user funds for this purpose.

How much does it cost to buy crypto in Canada?

Coinbase offers over 100 different cryptocurrencies and Canadian users can easily buy crypto with CAD by debit card and PayPal. The fees are pricey and vary by the size of the trade, payment method, and whether trades are through Coinbase or Coinbase Pro. However, you can expect the cost of trading to range between 0-0.6%.