How to buy crypto in Canada

From zero to the first order

1. Pick a venue that accepts sign-ups from Canada

   9 of the 10 exchanges tracked here accept registrations from Canada; Binance↗ and Bybit↗ lead our coverage among them. The table below names every one, so start from a venue that will not reject your country.

2. Open and verify the account

   Begin at the Binance review here: it holds the routed referral link, the disclosure and whatever welcome terms apply. The form itself asks for an e-mail or phone number and a password; expect the usual verification pack afterwards — a government document and a selfie check — before meaningful limits unlock.

3. Move money in over the local rail

   Interac e-Transfer is the dominant domestic deposit rail, moving funds between accounts at participating Canadian banks and other financial institutions. The Interac e-Transfer service is operated by Interac Corporation, the national interbank network behind Canadian debit and transfer services. Check the rail's own charge as well as the exchange's deposit fee — they are separate costs and only one of them is on the fee page.

4. Price the first order before placing it

   Entry-tier spot taker on Binance is published at 0.100%. Run your own trade size through the fee calculator linked below before the first order — the fee schedule, not the interface, is what you pay for.

5. Keep the tax picture in view

   The Canada Revenue Agency requires crypto-asset users to report dispositions as either business income (or losses) or capital gains (or losses), depending on circumstances. Export your trade history while you still have access to it — reconstructing a year of activity later costs far more than saving a file today.