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Which online brokerages in Canada offer the lowest fees for buying and selling cryptocurrencies?

avatarTanmoy RoyDec 25, 2021 · 3 years ago3 answers

I am looking for online brokerages in Canada that offer the lowest fees for buying and selling cryptocurrencies. Can you recommend any platforms that provide competitive fees for trading cryptocurrencies? I want to find a brokerage that offers affordable fees to maximize my investment returns. Please provide some options and details about their fee structures.

Which online brokerages in Canada offer the lowest fees for buying and selling cryptocurrencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! One online brokerage in Canada that offers low fees for buying and selling cryptocurrencies is Binance. They have a reputation for competitive fees and a wide range of cryptocurrencies available for trading. Binance charges a flat fee of 0.1% for each trade, which is relatively low compared to other platforms. They also offer discounts on fees if you use their native token, BNB. Overall, Binance is a popular choice for traders looking for affordable fees and a diverse selection of cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    If you're looking for low fees for buying and selling cryptocurrencies in Canada, another option is Coinbase. Coinbase charges a variable fee based on the size of your transaction, ranging from 0.5% to 4%. While their fees may be slightly higher compared to some other platforms, Coinbase is known for its user-friendly interface and strong security measures. They also offer a wide range of cryptocurrencies to choose from, making it a convenient option for beginners and experienced traders alike.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi is a reputable online brokerage in Canada that offers competitive fees for buying and selling cryptocurrencies. They have a transparent fee structure, with fees starting at 0.2% for each trade. BYDFi also offers discounts on fees for high-volume traders and provides a user-friendly platform with advanced trading features. If you're looking for a brokerage that combines low fees with a robust trading experience, BYDFi is worth considering.