Buy Bitcoin And Crypto In Toronto

Buying bitcoin in Toronto doesn’t need to be hard. Here at Coin Companion, we’ve done all the hard work for you. You can find our reviews of Canada’s best exchanges, as well as our favourite cryptocurrency wallets.

We’ll guide you through every step of the way, so you can buy bitcoin and other cryptocurrencies without the stress. Our helpful guides make it super simple to purchase crypto from the exchange that’s best for you, and then store it securely.

Simply choose from our favourite exchanges below, sign up and follow the steps to buy your first bitcoin.

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We Compared 4 Canadian Crypto Exchanges

Rank Exchange Rating Cryptocurrencies Deposit Fees Withdrawal Fees Best For Website
1
BTC, ETH , LTC, +3 more 0.5% - 1.5% 0.5% Beginners Visit Site
2
BTC, ETH, LTC, +3 more 0% 0% Beginners and Fee Haters Visit Site
3
ndax logo black
BTC, ETH, LTC, +7 more 0% Fees vary Desktop users concerned about security and trading Visit Site
4
mybtc.ca_logo
BTC 4.5% - 9.5% 0% BTC purchases Visit Site
1

Bitbuy is a Canadian cryptocurrency Exchange focused on great customer support and great options for trading. With reasonable fees compared to other exchanges, Bitbuy is a solid choice of an exchange to use.

Read our full review here to see why Bitbuy is one of our favourite exchanges for beginners.

  • Rating:
  • Best For:
    Beginners
  • Country:
    Canada
  • Currency:
    CAD
  • Deposit Fees:
    0.5% - 1.5%
  • Withdrawal Fees:
    0.5%
  • Trading Fees:
  • Available Cryptocurrency:
    BTC, ETH , LTC, +3 more
  • Visit Website

Coinberry is one of Canada’s largest Cryptocurrency exchanges for Canadians to buy, sell and trade crypto on. Founded in 2017, Coinberry makes it easy for Canadians to deposit fiat and trade fiat into crypto.

We have reviewed Coinberry extensively, testing their fee’s, security features and ease of use. Read our full review here.

  • Rating:
  • Best For:
    Beginners and Fee Haters
  • Country:
    Canada
  • Currency:
    CAD
  • Deposit Fees:
    0%
  • Withdrawal Fees:
    0%
  • Trading Fees:
  • Available Cryptocurrency:
    BTC, ETH, LTC, +3 more
  • Visit Website
3

NDAX is a Canadian crypto exchange that was launched in June 2018. The exchange, based in Calgary is great, especially for more experienced traders.

With many regulatory registrations, NDAX exchange does their best to protect user funds and also offer the best trading experience for anyone on the platform.

NDAX is an exchange that will suit both beginners and seasoned traders who require advanced features. Read our full NDAX review here.

  • Rating:
  • Best For:
    Desktop users concerned about security and trading
  • Country:
    Canada
  • Currency:
    CAD
  • Deposit Fees:
    0%
  • Withdrawal Fees:
    Fees vary
  • Trading Fees:
  • Available Cryptocurrency:
    BTC, ETH, LTC, +7 more
  • Visit Website
4

MyBTC is a Canadian platform that makes it easy for users to buy bitcoin in a matter of seconds.

To use this exchange, it’s important to set up a wallet, so it’s ready to receive your bitcoin immediately.

Read our full review here to understand why it’s important to set up a wallet before using MyBTC.

  • Rating:
  • Best For:
    BTC purchases
  • Country:
    Canada
  • Currency:
    CAD
  • Deposit Fees:
    4.5% - 9.5%
  • Withdrawal Fees:
    0%
  • Trading Fees:
  • Available Cryptocurrency:
    BTC
  • Visit Website

Frequently Asked Questions

Is bitcoin legal in Canada?

Yes, bitcoin is legal in Canada. While digital currencies, such as Bitcoin or other cryptocurrencies, are not legal tender in Canada, it is legal to buy bitcoin. Only the Canadian dollar is considered official currency in Canada.

How do you buy bitcoin in Canada?

You can buy bitcoin in Canada from a number of local and international exchanges. You can find our guides on how to buy bitcoin here.

Do you pay tax on bitcoin in Canada?

Cryptocurrency is taxed in Canada as either capital gains or as income tax. 100% of business income is taxable, whereas only 50% of capital gains are taxable.

What is the best bitcoin wallet in Canada?

For security purposes, the best wallets are typically hardware wallets. For ease of use, software, or exchange based wallets are often the best choice. You can read more about the best bitcoin wallets here.