Trading Bitcoin in Canada: how much does it cost?

Have you decided to trade bitcoins, or are you looking for the best venue to trade?  The post below will review some popular exchanges and describe some of the costs and benefits of each.

Before diving into the specifics, it’s important to recognize the difference between a primary exchange and a service provider. A primary exchange includes exchanges such as Bitfinex, Poloniex, and QuadrigaCX, which are the venues where traders interact. Other services such as QuickBT provide foreign exchange services but do not run exchanges per se. This distinction is important depending on the functionality you require to execute your trading strategy.

CoinSquare, trading fees range from 0.1% to 0.2%, no API access, no affiliate, could be a reason why liquidity is a bit lower on this exchange.

QuadrigaCX, trading fees range from 0.2% to 0.5%, decent API documentation, highest CAD to crypto liquidity.

Kraken, trading fees range from 0.16% to 0.26%, robust API, high liquidity, global exchange offering a few different fiat to crypto pairs.

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