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Top 5 Cheapest Crypto Exchanges in Canada (2025 Guide)
Top 5 Cheapest Crypto Exchanges in Canada (2025 Guide)

July 18, 2025

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Cryptocurrency trading in Canada is booming, with more individuals turning to digital assets as a viable form of investment and value exchange. However, while entering the crypto market has become easier than ever, trading fees and platform charges can still eat into your profits.

This is why it is necessary to select the inexpensive but stable crypto exchange when the person is just beginning to trade, as well as when the person is an active trader. We have evaluated and categorically ordered the best 5 cheapest crypto platforms in Canada having looked at factors like trading fees, deposit/withdrawal fees, spreads, and the overall worth of a platform.

Why Choosing a Low-Fee Exchange Matters

No trade is without paying a price. Regardless of whether it comes as a flat trading fee or a commission amount based on the percentage of your transaction value or is a markup in a concealed spread, a fee limits your profits, particularly those of traders who trade often or high-volume users.

Low-fee crypto exchanges allow you to:

  • Maximize returns on small trades
  • Lower the cost of entering or exiting positions
  • Scale your strategy without sacrificing profits

In Canada, where regulation is tightening, finding a secure exchange with transparent and minimal fees is more important than ever.

1. Newton – Best for Zero Commission Trades

Trading Fees: 0%
Spreads: Competitive (Varies: ~0.5%–0.7%)
Deposit/Withdrawal Fees: Free Interac e-Transfers; network fees apply for crypto withdrawals

Newton is a Canadian based exchange based in Toronto which has become popular due to the zero fee trading offer. Newton earns money by the bid ask spreads, rather than the fee on each transaction, yet it continues to be rather slim in comparison with the traditional broker services.

Its easy-to-use mobile and desktop interface makes it easy to beginners, and its timely onboarding process coupled with free CAD deposits makes it a staple among the cash-strapped Canadian traders.

2. NDAX – Lowest Flat Trading Fee

Trading Fees: 0.2% per trade
Deposit Fees: Free Interac e-Transfer and bank transfers
Withdrawal Fees: Flat $25 CAD bank withdrawal fee

The advantage of NDAX (National Digital Asset Exchange) is that the fee charged by this exchange is 0.2 percent, one of the lowest trading fees available in Canada. It would be an ideal partnership to take out in large scale traders who desire fixed prices and one that is completely compliant.

Being registered with FINTRAC, NDAX has insurance on crypto assets, and this makes it an affordable exchange and one of the most secure in the country.

3. Bitbuy – Transparent and Regulated

Trading Fees: 0.1% (maker), 0.2% (taker)
Deposit Fees: 1.5% Interac e-Transfer
Withdrawal Fees: 1.5% bank withdrawal

Bitbuy is a secured Canadian exchange and among the eldest in the space. Its Pro Trade platform offers low commission, as the minimum fee is 0.1% when making the trade and 0.2% when taking the trade, which is enticing to more frequent traders.

Its fiat transfer fees remain slightly higher than the Polyswarm competitors, but Bitbuy is still transparent, reasonably well-secured, and liquid, among other important aspects, which makes it worth some attention, not excluding considering it by users who are interested in an easy way to enter or exit the CAD vs. crypto market.

4. VirgoCX – Great for Free CAD Deposits and Withdrawals

Trading Fees: 0% (spreads apply)
Deposit/Withdrawal Fees: $0 on CAD via Interac and wire

VirgoCX charges no fiat deposits and withdrawals, which makes it one of the most affordable exchanges in the eyes of Canadians who are looking forward to relatively little entry costs. The trading, in its turn, is fee-free, yet there are costs associated with the use of the platform, namely spreads, therefore, it is most suitable to those traders who do not trade as many times, but with larger volumes.

VirgoCX is FINTRAC-registered and a firm choice of a beginner that needs to get an all-in-one app to purchase, sell, and trace crypto without getting extended by ensuing fees.

5. CoinSmart – Low Fees with Fast Verification

Trading Fees: 0.2% (standard), 0.1% (advanced trade)
Deposit Fees: Free for amounts over $2,000 via Interac
Withdrawal Fees: 1%

Through coinsmart, the process of KYC is swift and straight forward with the majority of the users being verified within a few minutes. Already, it is cheap to trade at 0.2%, however, traders can go lower to 0.1% utilising the advanced trade option.

It has a user interface that takes a middle ground between simplicity and professional tools and hence can be used by everyone. It is very helpful to those who would wish to have an easy platform to use and at the same time have cost effectiveness.

How to Choose the Right Low-Fee Exchange in Canada

Even though price matters, your choice of a crypto exchange should be based on other aspects, as well:

  • Security: Seek platforms where information on FINTRAC, and those with two-factor authentication (2FA) are registered.
  • Type of assets: Ensure the exchange carries your assets of interest.
  • Liquidity: Higher liquidity means tighter spreads and better execution prices.
  • Customer Support: Good support can save you time and frustration during high-volume trading periods.
  • User Experience: A clean UI and intuitive navigation can make a big difference.

Conclusion

The trading environment of crypto in Canada is getting more regulated, which is the only issue that is increasing the transparency and competitiveness of the market. The above mentioned exchanges have some of the cheapest and most trusted options in crypto trading to be used by Canadian users in 2025.

Wether you are a novice investor or a day trader, when you have to pay for commissions every time you buy or sell, having the lowest commission you can as an investor or trader can make a huge difference to your bottom line. When you select the appropriate platform, such as Newton to make zero-fee fluctuations or NDAX to make relatively inexpensive (flat) fees, your attention gets low to the expenses but instead shifts to the strategy.

 


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