Buy crypto in Canada

Buying crypto is legal in Canada. Trading platforms must register with provincial securities regulators (coordinated through the CSA) and with FINTRAC as money service businesses — a tougher regime that pushed Binance to exit Canada in 2023. Coinbase, Kraken, Crypto.com and local platforms like Bitbuy and Newton remain fully available.

The CRA treats crypto as a commodity: only 50% of a capital gain is taxable, added to your income for the year (frequent trading can instead be taxed as business income, where 100% is taxable). Interac e-Transfer is the go-to funding rail — fast and low-cost — alongside bank wires and cards. Annual deposit limits may apply to certain altcoins under provincial investor-protection rules.