Best Crypto Trading Platforms For Beginners in Canada
Discover 8 deals available this month.
1.Coinbase
Coinbase is a US-regulated exchange offering a simple interface, strong security, and over 360 cryptocurrencies, making it a top choice for beginners. It provides extensive tutorials to help new traders understand the market.
View Deal →Beginner crypto traders will find Coinbase’s easy-to-use platform and comprehensive educational resources ideal for getting started securely in the US market.
Pros:
- User-friendly interface tailored for beginners
- Strong security measures to protect assets
- Access to 360+ cryptocurrencies
- Extensive tutorials to aid learning
Cons:
- Fees can be higher compared to some competitors
- Limited advanced trading features for experienced users
- Primarily focused on US market, limiting some international options
2.Kraken
Kraken is a US-available crypto exchange known for strong security and relatively low fees, especially on bank transfers. It offers a simple main interface with options to upgrade to advanced trading views.
View Deal →Ideal for beginners who want a secure platform with low fees and room to grow into more advanced trading tools, Kraken balances ease of use and functionality well.
Pros:
- Strong security measures to protect user assets
- Relatively low fees, particularly for bank transfers
- Simple main interface with upgrade options for advanced trading
Cons:
- May be less beginner-friendly compared to platforms with extensive tutorials
- Advanced trading views might be overwhelming for some new users
- Fees can vary depending on payment method and trading volume
3.Gemini
Gemini is a US-based crypto exchange with a user-friendly app and web platform designed for beginners, featuring strong regulatory compliance. Its fee structure tends to be higher than some competitors.
View Deal →Beginners will appreciate Gemini’s clear layout and robust security, though its higher fees may deter cost-conscious traders. It balances ease of use with strong compliance for a trustworthy trading experience.
Pros:
- Easy-to-use app and web platform tailored for beginners
- Strong regulatory compliance ensuring user security
- Clear and straightforward interface
Cons:
- Standard fees are higher compared to some other platforms
- Limited fee discounts or promotions for new users
- May not offer the lowest-cost option for frequent traders
4.Robinhood Crypto
Robinhood Crypto is a commission-free US broker app that allows beginners to trade a limited range of major cryptocurrencies alongside stocks and ETFs using a simple, familiar interface. It is best suited for small initial trades without complex features.
View Deal →Ideal for beginners wanting to dip their toes into crypto trading without fees, Robinhood Crypto offers an easy-to-use platform that combines crypto with traditional investments. Its straightforward design makes it accessible, though the limited coin selection may not satisfy all users.
Pros:
- Commission-free trades on cryptocurrencies
- Simple, user-friendly interface familiar to stock traders
- Ability to trade stocks, ETFs, and crypto in one app
Cons:
- Limited selection of major cryptocurrencies available
- Not designed for advanced or active crypto traders
- Primarily suitable for small, initial trades
5.Fidelity Crypto
Fidelity Crypto provides access to a limited selection of major cryptocurrencies through a highly regulated US brokerage platform. It is designed for beginners already familiar with Fidelity’s traditional investment services.
View Deal →Investors who use Fidelity for traditional assets will find the integration of crypto offerings convenient and trustworthy, though the coin selection is fairly limited compared to dedicated crypto exchanges.
Pros:
- Operates under strong US regulatory oversight
- Accessible through an established brokerage platform
- Appeals to beginners familiar with Fidelity’s ecosystem
Cons:
- Offers only a small set of leading cryptocurrencies
- Less suitable for users seeking wide coin variety
- Not focused on active trading features
6.Crypto.com
Crypto.com is a US-available crypto exchange and app featuring a user-friendly interface, a wide selection of cryptocurrencies, and crypto debit card options. It allows beginners to start simply and gradually explore more advanced features.
View Deal →Beginners can enjoy an approachable platform with a broad coin selection and the added convenience of crypto debit cards, making it easier to spend digital assets in everyday life.
Pros:
- User-friendly interface suitable for beginners
- Wide variety of cryptocurrencies available
- Offers crypto debit card options
Cons:
- Fees and pricing details are not clearly highlighted
- May lack the extensive educational resources found on some competitors
- Less focused on ultra-low fees compared to some platforms
7.Uphold
Uphold is a US-available platform offering a simple “anything-to-anything” swap interface for easy conversion between cash and numerous cryptocurrencies, with some staking options. Fees vary depending on the payment method used.
View Deal →Beginners will find Uphold’s straightforward swap feature helpful for quick conversions across various assets, though fee variability could affect costs depending on payment type.
Pros:
- Simple, intuitive interface for converting between cash and many cryptocurrencies
- Supports staking options for additional earning opportunities
- Accessible to US users with a broad asset selection
Cons:
- Fees can vary significantly based on the payment method
- Less emphasis on educational resources compared to some competitors
- Not highlighted for advanced trading features or low fees
8.iTrustCapital
iTrustCapital is a US-focused crypto IRA platform designed for long-term investing in major coins like Bitcoin and Ethereum within a tax-advantaged retirement account. It offers a simple, guided interface tailored for beginners who prefer to buy and hold rather than actively trade.
View Deal →Ideal for investors aiming to build a tax-advantaged crypto retirement portfolio, iTrustCapital simplifies long-term holding of top cryptocurrencies with an easy-to-navigate platform.
Pros:
- Specifically designed for crypto IRAs with tax advantages
- Simple, guided interface suitable for beginners
- Focuses on major cryptocurrencies like Bitcoin and Ethereum
Cons:
- Not intended for active trading or frequent transactions
- Limited to long-term investing strategies
- Does not offer a broad range of cryptocurrencies beyond major coins
Final Words
Take time to compare the features, fees, and security measures of various crypto trading platforms to find the best fit for your needs. You can explore current offers and promotions to maximize your trading experience from the start.
Frequently Asked Questions
Coinbase is favored for its simple user interface, strong security measures, and US regulation, making it trustworthy for new traders. It also supports over 360 cryptocurrencies and offers extensive tutorials to help beginners learn trading.
Coinbase provides a very simple trading interface alongside extensive tutorials and strong security infrastructure, which together make it easy for beginners to navigate and learn the crypto market confidently.
Yes, Coinbase is a US-regulated exchange, which means it complies with strict security and legal standards, offering added protection and peace of mind for beginner traders in the United States.
Look for platforms with user-friendly interfaces, strong security, educational resources, and regulatory compliance. Popular beginner choices include Coinbase, Kraken, and Robinhood for their ease of use and trusted reputations.
Fees can vary widely between platforms; some exchanges like Kraken offer relatively low fees, especially for bank transfers, while others may have higher standard fees. Always review the fee structure before starting to trade.
Yes, some platforms like Robinhood Crypto allow trading of cryptocurrencies alongside stocks and ETFs, providing a familiar interface that can be helpful for beginners exploring multiple asset types.
