The Canadian government generally holds a favourable view of cryptocurrencies and blockchain technology, allowing Canadians to invest in digital currencies without many restrictions. Additionally, many of the top cryptocurrency exchanges, including those with mobile apps for ease of use, are available in Canada, giving investors a range of options for purchasing, holding, and trading their coins. These apps often allow users to monitor their portfolio, stay Uploaded On price changes, trade, and transfer cryptocurrency. In this article, we will be discussing the top 5 cryptocurrency apps currently available in Canada.
List of Top 5 Android Crypto Apps Available for Trading in Canada
BitBuy App Canada
BitBuy is another most popular Android app for buying and trading cryptocurrency in Canada. It was first released in 2016 and is now used by over 400,000 Candian Citizens in the country. The app works on both iOS and Android devices and lets you buy Bitcoin and other digital currencies like Solana, Matic, Uniswap, Ethereum, Litecoin, and Dogecoin. BitBuy is approved by the Ontario Securities Commission and registered with FINTRAC, which means it follows rules and regulations to keep your money safe. It’s easy to start using BitBuy – you can usually open an account and start trading in under five minutes. To add money to your account, you can use Interac e-Transfer and it only costs 1.5% with a minimum deposit of $50. The money will be available in your account almost immediately.
Binance is another leading cryptocurrency exchange app Available for Canadian Customers. It offers a wide range of supported cryptocurrencies and fiat currencies. This app is known for its powerful charting tools and access to DeFi yield farming through Binance Earn. The Application also offers a Binance Visa Card, which allows users to earn up to 8% back in BNB on every transaction made with the card. Binance has a variety of fees for different types of transactions, including free crypto deposits, fiat deposit fees ranging from 0% to 3.5%, crypto withdrawal fees ranging from 0% to 2.5%, taker fees ranging from 0.04% to 0.1%, maker fees ranging from 0.02% to 0.1%, futures trading maker fees of 0.02%, and futures trading taker fees of 0.04%. Instant buy/sell trades have a fee of 0.5%, and debit/credit card purchases have a fee of 4.5%. Transactions made using Binance’s native currency, Binance Coin (BNB), may incur lower fees. Binance was founded in Hong Kong in 2017 and is now headquartered in the Cayman Islands.
Coinbase App Canada–
Coinbase is one of the most popular android app for trading and investing in cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. Coinbase is a United States-based Company. It allows users to buy, sell, and exchange more than 200 different cryptocurrencies. With over 98 million users and $256 billion in assets on its platform, Coinbase is a well-established company. For those who are new to cryptocurrency, the original Coinbase platform may be the best choice for simple buy and sell orders. In November 2022, Coinbase began the process of transitioning more advanced Coinbase Pro accounts to a new platform called “Advanced Trade. However, if you are interested in exploring the world of cryptocurrency, Coinbase is one of the best choice for both beginners and experienced users.
CoinSmart is a highly trustworthy and secure platform for buying, selling, and trading cryptocurrencies. It is the fourth-best app in this list and supports a total of 16 cryptocurrencies. CoinSmart has received multiple certifications and memberships to ensure the safety of its users’ assets, including being designated a Registered Marketplace by the Ontario Securities Commission (OSC), registered as a Money Services Business with FINTRAC, and being a member of the anti-money laundering group TRUST. One of the standout features of CoinSmart is its instant account verification and 24/7 customer support, which makes it easy to get help with any questions or issues you may have. CoinSmart also maintains a 95% cold storage policy to keep your crypto extra secure and has its financials audited by a third-party firm at least once per year. In terms of fees, CoinSmart has some of the lowest trading fees in the industry at just 0.2%. It also offers immediate deposits and withdrawals, so you can access your funds whenever you need them. If you’re looking to get started with crypto trading, CoinSmart is a great platform to consider.
VirgoCX is a cost-effective Canadian cryptocurrency exchange that offers over 50 different cryptocurrencies and charges zero trading fees, with spreads of only 0.5%. The platform is easy to use, has 24/7 customer support available through live chat and email, and has an extensive FAQ section. In addition to free fiat deposits and withdrawals, VirgoCX also covers the first $6 in mining fees on ERC20 withdrawals and has a 95% cold storage policy to keep assets secure. As a new user, you can receive a $20 bonus when you fund your account with at least $100 through this link. VirgoCX is suitable for investors who are looking for the lowest fees in Canada.
In summary, choosing a reputable and convenient Canadian cryptocurrency exchange can be difficult due to the numerous options on the market and their various features. However, as a seasoned crypto enthusiast, I highly recommend the above-mentioned apps. Not only are they secure and easy to use, but they also have competitively low trading fees. If you are based in Canada and seeking a trustworthy and affordable platform for buying and selling cryptocurrency, these apps are excellent choices to consider.