10 Best Crypto Wallets for Canada

Cryptocurrency Wallets are a Crucial requirement for Selling, Buying, Trading, and storing your crypto assets. Traders require them to validate transaction information and safeguard cryptocurrency. Many types of crypto wallets, both hardware and software provide users with greater security and specialized functions.

Finding the best crypto wallet in Canada can be quite complicated. So, selecting one is indeed a difficult task. I have researched over 50+ crypto wallets and selected Canada’s 10 best crypto wallets.

Best Crypto Wallet Canada

Wallets Main Features Hardware or Software? Pricing Canada Friendly? Link
CoinBase Easy to use interface and beginner-friendly Software Wallet Free Yes Learn More
BitBuy Assets are held in cold storage Software Wallet Free Yes Learn More
CoinSmart Instant account verification for most users Software Wallet Free Yes Learn More
Ledger Nano X Supports more than 1500 cryptocurrencies Hardware wallet $149 Yes Learn More
Ellipal Complete network isolation cold storage with no ports. Hardware wallet $79 Yes Learn More

Best Crypto Wallets for Canada

1) CoinBase – Best Beginner friendly crypto wallet

CoinBase is an easy-to-use web wallet that seamlessly integrates with your CoinBase account so you can buy and sell cryptocurrencies. This cryptocurrency wallet has a simple and easy-to-use interface and can be connected to most major banks in Canada. Moreover, it offers cloud backups to secure your digital keys, which allow users to recover them if it is lost.

CoinBase

Features:

  • 2-factor authentication security
  • It is a non-custodial bitcoin wallet that is available on both Android and iOS platforms.
  • Biometric fingerprints and AES-256 encryption
  • It provides crime insurance to protect your digital assets against cybersecurity breaches and theft
  • Number of Cryptos: More than 100, i.e., Bitcoin, Ethereum, etc.
  • Support: includes a 24/7 chatbot, email support, and a live, automated phone system.
πŸ‘ Pros πŸ‘Ž Cons
Easy to navigate crypto wallet for Canada Offers very limited trading tools
Supports over 500 cryptocurrency assets High and complicated fee structure
It connects to many major Banks in Canada
It offers a fast and easy-to-setup process

Key Specs:

Available Countries: It is available in North America, South America, Europe, Asia, and Africa.
Transaction Fees: 0.5% to 4.5%,
Crypto Staking: Yes.
Fees to Trade: 0% to 0.50%
Fee for deposits: 2.49% fee to buy Crypto

Visit CoinBase >>


2) BitBuy – Best choice to store assets with cold storage

BitBuy is one of the safest crypto wallets in Canada that offers you crypto exchange services cheaply and safely. It allows users to trade some of the most popular Cryptocurrencies. This Ontario Securities Commission-approved crypto wallet offers safe storage for an unlimited number of tokens as well as Altcoins.

BitBuy

Features:

  • It offers a user-friendly Express Trade for easier deals
  • Pro Trade Advanced Charts are available by TradingView
  • It provides an OTC service (BitBuy Private Wealth service)
  • BitBuy API automates your trading activities
  • It offers a Pro Trade feature that professional traders can use.
  • Supports Interac-Transfer and wire transfer payment services.
  • Supported Platforms: Android and iOS
  • Available Countries: It is available only in Canada
  • Support: Offered via Online support page, Chat, and Mail
πŸ‘ Pros πŸ‘Ž Cons
It provides a quick verification process and high trading limits It Does not allow staking
Express Trading option for beginners and BitBuy Pro Trading for professionals No live chat supports
Supports many payments methods
Low trading and deposit fees

Key Specs:

Number of Cryptos: Many popular cryptocurrencies are available, including Bitcoin, Solana, Ethereum, etc.
Transaction Fees: There is a flat 0.5% fee on all transactions.
Fees to Trade: 0.10% to 0.20%
Fee to Deposits and Withdrawals: 0.50%

Link: https://bitbuy.ca/


3) Binance – Best for the users who trade Crypto Currencies regularly

Binance is a crypto wallet that offers you high-volume crypto exchange and multiple wallets simultaneously. It offers trading products to assist you in your crypto trades. Binance recently produced a mobile app that is connected to your web account.

It is one of the best bitcoin wallets that offers a seamless trading service along with one of the most secure crypto storage. It is also known for being beginner-friendly due to its relatively complicated interface.

Binance

Features:

  • Requires all users to go through the 2-factor authentication process for extra security
  • Cryptocurrencies are stored in cold storage
  • Binance offers access to more than 600 different crypto assets
  • Available Countries: US, Iran, Yemen, Zimbabwe, Venezuela, Albania, and North Korea.
  • Support Includes a chatbot, submitting a ticket, and reaching out on Twitter.
πŸ‘ Pros πŸ‘Ž Cons
Provides a Military Grade Security and Safety Not suitable for beginners as its user interface is complicated
Supports transactions with Credit and Debit cards Do have regulatory issues with several countries
It comes with Relatively low transaction fees

Key Specs:

Number of Cryptos: Offers Over 80 cryptocurrencies, including Ethereum, Cardano, Bitcoin, etc.
Staking: Binance allows staking.
Transaction Fees: 0.1% – 0.5%
Fees to Trade: 0.1%
Fee for deposits: 0.5%

Visit Binance >>


4) Ledger Nano X – Best for safely storing a large number of coins

Ledger Nano X is one of Canada’s best cold storage crypto wallets. It is one of the best hardware wallets that allows you to exchange, sell and buy cryptocurrencies. It is highly secure for crypto traders who store substantial amounts of coins in their crypto wallets. Ledger Nano X Comes with a well-rated mobile app that offers enhanced control over the device.

Ledger Nano X

Features:

  • Ledger’s Secure Element Chip protects your web account from different types of cyber attacks
  • Comes with a complete history of transactions made by your web account.
  • It offers connectivity via Bluetooth and USB-C cable
  • It uses a Lithium-ion 100mAH battery that gives 8 hours of extended battery life.
  • It has a vast knowledge-based page, live chat, and email chat.
  • Available Countries: Available in all countries except Korea, Iran, Iraq, Egypt, Pakistan, Belarus, etc.
  • Support: Official Support Page and Ticket.
πŸ‘ Pros πŸ‘Ž Cons
Highly secure crypto wallets due to the cold storage solution Its battery is not replaceable
Encrypted Bluetooth connection The user interface is a bit confusing
Lesser transaction fee compared to other tools.

Key Specs:

Number of Cryptos: over 100 cryptocurrencies, including Bitcoin, Ethereum, etc.
Transaction Fees: $12 transaction fee is charged per Canadian dollar withdrawal.
Fees to Trade: N/A
Fee for deposits: $5 to $25

Visit Ledger Nano X


5) CoinSmart – Best for Easy Debit and Credit Card deposits

CoinSmart, supporting more than 16 coins, is one of the best crypto wallets in Canada. It charges very low on crypto trades, making it highly secure to invest in.

CoinSmart has a user-friendly interface, fast verification, and bank-grade security. It also provides advanced crypto wallet options for experienced traders. It is one of the best crypto wallets from Canada that offers an instant and easy account verification process, which is helpful for new users.

CoinSmart

Features:

  • CoinSmart has an excellent mobile app that offers additional features such as SmartTrade, making Crypto trading simple.
  • Its mobile app has a fingerprint login system and 2-factor authentication
  • CoinSmart has a 95% cold storage facility, providing bank-grade security.
  • It offers various transaction methods, including e-transfer deposits, credit/debit card deposits, bank wire withdrawals, and much more.
  • Available Countries: Available in 100+ countries
  • Support: 24/7 customer support through live phone, chatbot, and email.
πŸ‘ Pros πŸ‘Ž Cons
Secures your data with military-grade encryption and provides top-of-the-line security. Crypto withdrawal has high fees
Provides advanced trading options for experienced traders. Supports limited crypto assets
Offers various transactions methods

Key Specs:

Number of Cryptos: It supports the most popular cryptocurrencies such as Bitcoin, Ethereum, Solana, etc.
Transaction Fees: 0.2% – 0.030 trades.
Staking: They allow staking.
Fees to Trade: 0.20% to 0.40%
Fee for deposits: 1.5% to 6 %

Visit CoinSmart >>


6) Exodus – Best For an in-app crypto exchange

Exodus is one of the best software wallets that has a user-friendly interface. This crypto wallet App for Canada offers an in-built exchange where you can trade, buy, and sell your cryptos.

You can store private keys and never share them with Exodus’ servers. It generates a portfolio page that shows all relevant information regarding crypto coins in the possession.

Exodus

Features:

  • It encrypts your passwords and private keys
  • It offers Support for staking
  • Exodus supports Trezor Model T and Trezor One hardware wallet where you can store your cryptocurrency safely.
  • Exodus’ desktop app is compatible with Mac, Linux, and Windows.
  • It also offers a mobile phone app compatible with Android and iOS.
  • Available Countries: Exodus is available in most countries of North America, South America, Asia, Europe, and Africa.
  • Support: email and chat Support
πŸ‘ Pros πŸ‘Ž Cons
Seamless integration with Shapeshift Does not offer any account security support
Supports cold wallet storage Lacks crypto-to-fiat transactions
Allows transactions through major debit and credit cards

Key Specs:

Number of Cryptos: Exodus supports 150+ crypto assets, including BNB, Solana, Ethereum, and Bitcoin.
Transaction Fees: No Fee.
Fees to Trade: 0.10% to 0.20%
Fee for deposits: No Transaction Fee

Link: https://www.exodus.com/


7) Crypto.com – Best for Top-Notch Security and encryption

Crypto.com is a crypto wallet best known for its top-grade security. It offers complete control over your private keys and digital assets, ensuring maximum security. Moreover, it allows fiat currencies, such as U.S Dollar (USD), Canadian Dollar (CAD), Brazilian Real (BRL), and many others. It offers the lowest fees when you purchase with a credit/debit card or bank transfer

Crypto.com

Features:

  • It offers mobile apps for both iOS and Android
  • Comes with several layers of security, including 2-factor authentication and biometric authentication
  • Utilizes Secure Enclave technology
  • It allows you to swap Crypto on a 1-on-1 basis and access a wide range of tools to earn passive income
πŸ‘ Pros πŸ‘Ž Cons
It allows the creation of multiple digital wallets High transaction fees unless you have CRO staking
Accepts debit and credit card transactions
Offers lending services and interest on digital assets

Key Specs:

Available Countries: Crypto.com is available in almost all European countries.
Number of Cryptos: Offers over 250 Crypto Assets, including BTC, LTH, ETH, DOT, etc.
Support: email and live chat
Transaction Fees: 0.4% fee
Fees to Trade: 0.04% to 0.4%
Fee for deposits: 0.4% to 2.99%

Visit Crypto.com >>


8) Ellipal – Best to save Crypto from malware attacks

Ellipal crypto wallet is a hardware wallet without any wired connections and keeps your private keys offline. It is isolated from the network, which makes it a highly secure crypto wallet. It is one of the world’s first air-gapped, metal-steeled, and tamper-proof crypto wallets, and it uses QR codes to transmit data.

The Ellipal mobile app has a decentralized exchange for exchangeable coins. Moreover, it allows to manage multiple crypto wallet accounts and view real-time market prices.

ELLIPAL Titan

Features:

  • It offers a complete network isolation cold storage with no ports.
  • Ellipal stores your private keys such that they do not reach the internet.
  • Auto self-destruct features help you to restore factory settings when tampered.
  • It offers a standby time of 259 hours
  • It provides ideal battery support of 1400 mAh.
  • ELLIPAL Titan is FIDO certified hardware wallet.
  • It offers a deletion feature to automatically delete all the data if any security breach is sensed.
  • Its app is supported on iOS and Android mobile devices.
πŸ‘ Pros πŸ‘Ž Cons
It is very safe as it protects from malware attacks and hackers Mobile Apps could be better
Provides detailed information regarding the latest crypto news
You can select your preferred trading fees based on volumes

Key Specs:

Available Countries: Ellipal is available in over 70 countries.
Number of Cryptos: ELLIPAL supports more than 1500 currencies, including Bitcoin, Ethereum, and all ERC20 tokens.
Support: customer support page and email support.
Staking: Ellipal allows staking.
Transaction Fees: There is no transaction fee.
Fee for deposits: No Transaction Fee

Visit Ellipal >>


9) ZenGo – Best to buy Crypto directly from the wallet

ZenGo crypto wallet is among the most secure crypto wallets. By leveraging MPC technology, ZenGo removes the need for private keys. It is one of the best bitcoin wallets with a simple recovery process that allows users to access their Crypto and buy other cryptos directly from their ZenGo wallet accounts.

There is an extensive library of top-notch content available at ZenGo, including educational videos, articles, blog posts, and podcasts on the topic of cryptocurrencies.

ZenGo

Features:

  • Friendly and intuitive user interface
  • Comes with biometric encryption, i.e., fingerprint or face scan to set up your crypto wallet
  • You can connect your crypto wallet account to Google Drive to iCloud
  • It offers a wide range of transaction and payment methods, such as credit cards, debit cards, Apple Pay, and bank wire
  • Its security model offers 3-factor authentication.
  • ZenGo allows staking and allows you to earn interest on your cryptocurrency holdings.
  • Available Countries: It is available in 188 countries across
  • Support: 24/7 live chat, phone, and email support
πŸ‘ Pros πŸ‘Ž Cons
Beginner-friendly and highly secure Crypto wallet Some features are limited to certain countries
Provides educational content It is available only on mobile phones via its app – does not have a desktop version.
Offers passive income through staking and interest

Key Specs:

Number of Cryptos: Over 70 Crypto Assets, including Bitcoin, Dogecoin, Litecoin, and Ethereum, which can be stored in ZenGo Wallet.
Staking: ZenGo allows staking.
Transaction Fees: ZenGo has no transaction fee.
Fee for deposits: No Transaction Fee

Visit ZenGo >>


10) Ledger Nano S – Best Budget-Friendly Hardware Wallet

Ledger Nano S is a hardware crypto wallet supporting over 1,500 cryptocurrencies, including Chain-link and Bitcoin Cash. It allows you to store about 20 digital assets on any device at a time. Ledger Nano S can be considered Ledger Nano X’s little brother due to its lesser storage capacity. It allows you to view your crypto balance and other information regarding your crypto wallet account

Ledger Nano X

Features:

  • Users can stake Crypto and other assets.
  • Ledger Nano S keeps your private keys in cold storage
  • Its well-rated mobile app is compatible with Android devices
  • Through a USB cable, the Ledger Nano S hardware wallet can be connected to your laptop
  • Available Countries: Ledger Nano X is available in almost all countries.
  • Support: Offers support through the official website page and email.
πŸ‘ Pros πŸ‘Ž Cons
Great for beginners looking for a secure crypto wallet for their assets Limited storage space for Crypto
Ideal wallet for people with a small portfolio Ledger wallets don’t have a touch screen interface.
Low-cost, highly secure option

Key Specs:

Number of Cryptos: it supports over 107 cryptocurrencies, including BTC, ETH, and Many Tokens.
Transaction Fees: Transaction fees depend on the network and the number of transactions.
Fees to Trade: N/A
Fee for deposits: $5 to $25

Visit Ledger Nano S

FAQs

❓ What are the Best Crypto Wallets for Canada?

Here are the best Crypto Wallet for Canada:

⚑ What factors should you remember while buying cryptocurrency in Canada?

Here are key factors to consider while buying cryptocurrency in Canada.

  • You should buy Crypto according to the market trend and expert suggestions.
  • This area’s lack of proper laws and policies has resulted in scams, frauds, and market manipulations. So, you should avoid buying a crypto coin from an unknown website and instead purchase only from the best crypto exchanges
  • It is important that you should identify the legitimate Wallets. For this, you need to learn as much as you can about cryptocurrencies.
  • Cryptocurrency may be easy to buy but also easy to lose money. So, you should use a secure method for your crypto transactions.