Exchange Canadian Dollar / CAD to Bitcoin and vice versa

Here are some discount codes for you to save trading fees:

Deribit Banner
cryptotradingbook.com
Compare your Top 3 Bitcoin Exchanges
Choose Provider 1:
Choose Provider 2:
Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
US Friendly!
88 88
Pro
  • Low fees
  • Excellent liquidity in both USD and EUR markets
  • Margin and futures trading supported
  • Only exchange platform selected to support investigation into Mt. Gox's stolen Bitcoins
Contra
  • Sometimes has uptime problems when market gets hot
  • Verifications take time
  • No credit card deposits or withdrawals
Has been hacked? No Fees
Deposit Fees:
Yes, in some cases
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 5x
Visit Website
Many Altcoins
80 80
Pro
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Does not accept bank payment methods
  • Customer support lacks phone
  • US customers are restricted
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.10%
Security Ok Trading
Futures? None
Derivatives? No
Margin Trading? No
Visit Website
90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • High Trading Fees for < $50k Trading / Month
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.50%-0.05%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
84 84
Pro
  • Safe and decentralized trading
  • Arbitrators
  • 2-out-of-3 multisig security in trades
  • Wide selection of FIAT and Crypto Currencies
Contra
  • They need more aggressive advertising
  • More active development
  • They need to team up with other companies
  • High fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.001% - 0.009%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Easy account creation
  • No minimum deposit
  • Awesome interactive website
Contra
  • Unregulated
  • Some negative reviews
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
No
Trading Fees:
None
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 100x
Visit Website
90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Supports PayPal
78 78
Pro
  • Easy to get verified ( 2 factor authentication)
  • Accepts Credit Card and PayPal
  • 24 hr expected resolution through their help-desk
  • Referral program
Contra
  • Website is too plain (there are no charts and no transparency)
  • A good number of negative reviews about how they operate
  • Was hacked
Has been hacked? Yes, around January 2017 Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
Visit Website
Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • “Real” Decentralized Exchange
  • Anonymous
  • Account creation is fast and very easy (not required to complete KYC/AML)
  • Accepts Fiat payments
Contra
  • In Business only since 2016
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
Yes
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? None
Visit Website
80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
Visit Website
68 68
Pro
  • Easy account creation
  • Online and Offline payment options
  • Easy to operate platform
Contra
  • Fees are high (3-11.9%)
  • No leveraged trading
  • No App
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.25%-8.75%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Reasonable trading fees
  • Easy account creation
  • Licensed with The Registaire des enterprises Québec
Contra
  • Focused in the Canadian market
  • Users without a Canadian and U.K. phone numbers not allowed
Has been hacked? No Fees
Deposit Fees:
$0.03 up to $0.50
Withdrawal Fees:
BTC 0.001 up to 0.005
Trading Fees:
1%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Regulated exchange
  • Accepts Fiat Deposits
  • Easy account creation
Contra
  • Limited number of crypto listings
  • Accepts CAD only
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
1%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Pro
  • Accepts both Crypto and Fiat currencies
  • Multiple Security features
  • Easy account registration
Contra
  • Ticketing CS
  • Unregulated
  • High Fees
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
2% + CAD $20.00
Trading Fees:
0.5%
Security Horrible Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Show more Bitcoin Exchanges

Best CAD / Bitcoin Exchanges

Brief History of CAD/BTC trading pair

The Canadian bitcoin market developed relatively early in the history of bitcoin. The earliest exchange which converted CAD to BTC appeared on the market in 2011. But that time it wasn’t that easy to convert CAD to bitcoin as the liquidity was low and the infrastructure wasn’t too advanced. Sometimes you had to ask an exchange whether the CAD currency is accepted on that specific day you wanted to convert. It was also a common method to transfer bitcoin to USD first and just convert the USD amount to CAD on the forex market. The market however developed rapidly, by now you can exchange CAD to bitcoin in a quick and easy way at many exchanges.

CAD/BTC tradingThe CAD/BTC trading pair although does not have a high daily turnover it has been producing around 300 BTC daily volume consistently. This accounts for about 0.5% of the total global daily bitcoin trading volume.  Most of the trading activity –  about 85% is coming from the Canadian bitcoin exchange, Quadrigacx. The rest of the trading volume is spread between Kraken and LocalBitcoins. However, there are a couple of other exchanges available on the market where the CAD/BTC trading pair exists.

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the official national currency of Canada. The dollar in Canada is the fifth most held reserve currency in the world, accounting for approximately 2% of all global reserves. The popularity of the Canadian dollar is increasing because of Canada’s relative economic soundness, the Canadian government’s strong sovereign position, and the stability of the country’s legal and political systems.

Exchange CAD to Bitcoin

Exchange CAD to bitcoinThe biggest bitcoin exchange in Canada is Quadrigacx that is based in Vancouver. They offer an easy and convenient way to convert CAD to Bitcoin and Bitcoins to CAD 24 hours a day. The available payment methods include credit card payments and bank wire transfers.

Beyond this platform, there are also couple more bitcoin exchanges are available on the market, although the daily trading volume is relatively small on these sites. Kraken also lists CAD/BTC trading pair and you can also find a local dealer on LocalBitcoins who is willing to buy or sell bitcoins in exchange for CAD.

CAD/BTC Country Specific Regulation: Bitcoin in Canada

The Canadian financial authorities and banks were not always supportive of the cryptocurrencies. In 2013 when bitcoin price hit the 1000 USD price for the first time, most of Canada’s so-called ‘Big 6’ banks – made up of RBC, TD, BMO, CIBC, Scotiabank and National Bank – have frozen or shut down accounts owned by the handful of Canadian companies who trade the digital currency and convert it to cash for customers. The atmosphere, however, has changed since then.

Trade Canadian Dollar against BitcoinA recent new research issued by the Bank of Canada in 2017 had controversial results about the regulation of bitcoin. They showed digital currencies need regulation in the country and across the globe as well but does not provide any suggestion regarding to it.

Bitcoin is currently classified as intangible asset under the Personal Property Security Act (PPSA) in Canada but there is no specific regulation about cryptocurrencies in general. Also, bitcoin is regulated under anti-money laundering and counter-terrorist financing laws in Canada which means persional identification is required at bitcoin transactions conducted through the exchanges.

Share your Experiences