Canada

Regulatory Policy
Loose
GDP (USD)
174.00M
Population
37.89 M
Exchange Registration
192
Exchange Business
247
Exchange Field Survey
0

Trading environment analysis

Canada cryptocurrency regulation is surprisingly not the best. This typically very free nation has taken some aggressive stances against digital currencies out of fear, and it's something that investors may need to be wary of. While holding and using currencies are legal, there were some serious banking bans that have taken place.

While users are able to purchase BTC and other altcoins, specific banks such as the Bank of Montreal have outright banned consumers from purchasing cryptocurrencies using both credit and debit cards. This was likely an overreaction to the fact that they may have opened themselves up to legal consequences should any money laundering charges arise.

These bans are reported to be "temporary" until regulators can better evaluate the nature of the usage of digital currencies in the country. However, their gross overreaction seems troubling, and investors may want to tread lightly here until a decision is made. While there are no set in stone regulations yet, investors can expect this country to be on par with the United States when it comes to regulating digital currencies, as they seem equally serious about the negative aspects of alternative currencies.

This could make them very controlling in the long run. However, if you plan to invest in a mining operation, then you may be interested to know that they offer extremely low electricity rates, which can greatly up the profit margins of crypto mining.

Exchange
Score
Established
Influence
Details
1
coinbase
9.31
10-15 years
A
2
BINANCE
8.99
5-10 years
AAA
3
bitFlyer
8.89
5-10 years
AA
4
BINANCE US
8.81
2-5 years
AAA
5
UPbit
8.75
5-10 years
AAA
6
Bitstamp
8.75
10-15 years
AA
7
GEMINI
8.75
5-10 years
AA
8
OKCOIN
8.70
10-15 years
A
9
GMO
8.68
5-10 years
AA
10
Zaif
8.52
5-10 years
B
11
HTX
8.36
10-15 years
B
12
bitkub
8.19
5-10 years
A
13
COINLIST
8.18
5-10 years
A
14
PAXOS
8.00
10-15 years
A
15
BitGo
7.79
5-10 years
A
16
COINFLIP
7.74
5-10 years
A
17
ZIPMEX
7.74
5-10 years
A
18
RIVER
7.61
2-5 years
A
19
Bitget
7.61
5-10 years
AAA
20
LUNO
7.50
5-10 years
A
Regulators
Regulated Exchange
NashEx
Details

A Visit to NashEx in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange NashEx, but didn’t find the company at its regulatory address. This suggests that the company might just register at the place without a physical business office. Therefore, investors should be meticulous in choosing the exchange.
Danger
Canada
Mar 26, 2024
UK FUSION
Details

A Visit to UK FUSION in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange UK FUSION, but didn’t find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors should be meticulous in choosing the exchange.
Danger
Canada
Mar 21, 2024
COINCURVE
Details

A Visit to COINCURVE in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange COINCURVE, but didn’t find the company at its regulatory address. This suggests that the company might just register at the place without a physical business office. Therefore, investors should be meticulous in choosing the exchange.
Danger
Canada
Mar 26, 2024
bitcoin CANADA
Details

A Visit to Bitcoin CANADA in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange bitcoin CANADA, but didn’t find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors are advised to choose the exchange cautiously.
Danger
Canada
Jan 12, 2024
GIBX EXCHANGE
Details

A Visit to GIBX EXCHANGE in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange GIBX EXCHANGE, but didn’t find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors are advised to choose the exchange cautiously.
Danger
Canada
Feb 19, 2024
LOEX
Details

A Visit to LOEX in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange LOEX, but didn’t find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors are advised to choose the exchange cautiously.
Danger
Canada
Feb 23, 2024
CJC MARKETS
Details

A Visit to CJC MARKETS in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange CJC MARKETS, but didn’t find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors should be meticulous in choosing the exchange.
Danger
Canada
Mar 21, 2024
BULL BITCOIN
Details

A Visit to BULL BITCOIN in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange BULL BITCOIN, but didn’t find the company at its regulatory address. This suggests that the company might just register at the place without a physical business office. Therefore, investors should be cautious in choosing the exchange.
Danger
Canada
Feb 7, 2024
Shakepay
Details

A Visit to Shakepay in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange Shakepay, but didn’t find the company at its regulatory address. This suggests that the company might just register at the place without a physical business office. Therefore, investors should be cautious in choosing the exchange.
Danger
Canada
Feb 7, 2024
Quebex
Details

A Visit to Quebex in Canada - No Office Found

The survey team went to Canada to visit cryptocurrency exchange Quebex, but didn’t find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors should be cautious in choosing the exchange.
Danger
Canada
Feb 7, 2024
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