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.
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.
Best Crypto Wallet Canada
Wallets | Main Features | Hardware or Software? | Pricing | Canada Friendly? | Link |
---|---|---|---|---|---|
👍 Zengo | Best to buy Crypto directly from the wallet | Software Wallet | Free | Yes | Learn More |
👍 Uphold | Set up automatic, recurring transactions for dollar-cost averaging | custodial wallet | Free | Yes | Learn More |
CoinBase | Easy to use interface and beginner-friendly | Software Wallet | Free | Yes | Learn More |
Ledger Nano S | Ideal wallet for people with a small portfolio | Hardware wallet | $102 | Yes | Learn More |
BitBuy | Low trading and deposit fees | Cold wallet | Free | Yes | Learn More |
1) 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.
Transaction Fees: Zengo has no transaction fee.
Type of Wallet: Software Wallet
Staking: Zengo allows staking.
Fee for deposits: No Transaction Fee
Features:
- Friendly and intuitive user interface
- Comes with biometric encryption, i.e., fingerprint or face scan to set up your crypto wallet
- 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
Pros
Cons
Free Wallet
2) Uphold
Best for discovering new, exclusive altcoins
With a user base exceeding 10 million spanning across 150 countries, Uphold provides a user-friendly platform for buying, trading, and holding a diverse range of assets, from crypto (over 250) to traditional currencies and precious metals. Uphold’s has a 100% reserve model that safeguards user funds and an openness to transparency, where real-time asset and liability data is publicly available and updated every 30 seconds.
Uphold offers a diverse portfolio with over 250 cryptocurrencies, such as BTC, ETH, XRP, HBAR, and XLM, along with the option for users to engage in staking.
Transaction Fees: None
Type of Wallet: Custodial wallets
Staking: Yes
Fee for deposits: 1%
Features:
- Connected to 26 underlying exchanges to find you the best token prices
- Stake dozens of cryptocurrencies with high APYs
- Free debit card offering cashback in XRP
- Set up automatic, recurring transactions for dollar-cost averaging
- Create up to 50 simultaneous limit orders of any size without needing to fund your account upfront
- Send funds to any other Uphold account using just an email address
- Transaction Fees: None
- Fee for deposits: $1
Pros
Cons
Free Wallet
3) 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 offers a diverse selection of over 100 cryptocurrencies, including Bitcoin and Ethereum, accessible across continents from North to South America, Europe, Asia, to Africa, with crypto staking options available.
Transaction Fees: 0.5% to 4.5%,
Type of Wallet: Software Wallet
Staking: Yes
Fee for deposits: 2.49% fee to buy Crypto
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
- Support: includes a 24/7 chatbot, email support, and a live, automated phone system.
- Transaction Fees: 0.5% to 4.5%
- Fees to Trade: 0% to 0.50%
- Fee for deposits: 2.49% fee to buy Crypto
Pros
Cons
4) 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 S provides secure storage for over 107 cryptocurrencies, such as BTC and ETH, along with numerous tokens, and is accessible in virtually every country.
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
- Support: Offers support through the official website page and email.
- Transaction Fees: Transaction fees depend on the network and the number of transactions.
- Fees to Trade: N/A
- Fee for deposits: $5 to $25
Pros
Cons
5) 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 offers a wide selection of popular cryptocurrencies, such as Bitcoin, Solana, and Ethereum, exclusively for users in Canada.
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
- Support: Offered via Online support page, Chat, and Mail
- 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%
Pros
Cons
6) 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, accessible in more than 70 nations, supports an extensive array of 41 blockchains and over 10,000 tokens, including popular ones like Bitcoin and Ethereum, alongside all ERC20 tokens. It also offers staking features.
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.
- Support: customer support page and email support.
- Transaction Fees: There is no transaction fee.
- Fee for deposits: No Transaction Fee
Pros
Cons
7) 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.
The Ledger Nano X, a versatile cryptocurrency hardware wallet, is accessible globally, with exceptions in countries such as Korea, Iran, Iraq, Egypt, Pakistan, and Belarus. It offers support for over 100 leading cryptocurrencies, including Bitcoin and Ethereum.
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.
- Support: Official Support Page and Ticket.
- Transaction Fees: $12 transaction fee is charged per Canadian dollar withdrawal.
- Fees to Trade: N/A
- Fee for deposits: $5 to $25
Pros
Cons
8) Trezor
Best Hardware Wallet
Trezor is one of the most advanced and secured cold wallet in the market for your crypto traders. You can easily plug it into your computer or smartphone. It helps you to randomly generate a PIN code that keeps the device safe and secure.
With Trezor wallet, you can protect your cryptos, digital assets, and passwords from hacks. It supports more than 1800 coins and tokens. The next-generation hardware wallet has several features, including a touchscreen display, a faster processor, and top-notch security.
Trezor, a leading cryptocurrency hardware wallet, is accessible in more than 200 countries, including major markets like the US, UK, Bhutan, Australia, Canada, France, and Germany. It offers support for over 1,800 cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and HEX, catering to a wide range of digital asset investors globally.
Features:
- Supports 1800+ coins including Bitcoin, Ethereum, Ripple, HEX, etc.
- Functions as a highly secure cold wallet.
- Available for global delivery to all countries.
- Support Includes a email, wiki page, and FAQ.
- Fee for deposits: $1
Pros
Cons
9) 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 caters to a broad audience across nearly all European nations, providing a diverse portfolio of over 250 cryptocurrencies such as BTC, LTH, ETH, and DOT, among others.
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
- 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%
Pros
Cons
10) 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, accessible in over 100 countries, provides a platform for trading top cryptocurrencies like Bitcoin, Ethereum, and Solana, with added staking options for its users.
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.
- Support: 24/7 customer support through live phone, chatbot, and email.
- Transaction Fees: 0.2% – 0.030 trades.
- Fees to Trade: 0.20% to 0.40%
- Fee for deposits: 1.5% to 6 %
Pros
Cons
Link: https://www.coinsmart.com/
11) 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, accessible in numerous countries across North America, South America, Asia, Europe, and Africa, supports transactions in 150 cryptocurrencies, including Bitcoin, Ethereum, Solana, and BNB, serving a broad spectrum of digital asset aficionados.
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.
- Support: email and chat Support
- Transaction Fees: No Fee.
- Fees to Trade: 0.10% to 0.20%
- Fee for deposits: No Transaction Fee
Pros
Cons
Link: https://www.exodus.com/
FAQs
Best Crypto Wallet Canada
Wallets | Main Features | Hardware or Software? | Pricing | Canada Friendly? | Link |
---|---|---|---|---|---|
👍 Zengo | Best to buy Crypto directly from the wallet | Software Wallet | Free | Yes | Learn More |
👍 Uphold | Set up automatic, recurring transactions for dollar-cost averaging | custodial wallet | Free | Yes | Learn More |
CoinBase | Easy to use interface and beginner-friendly | Software Wallet | Free | Yes | Learn More |
Ledger Nano S | Ideal wallet for people with a small portfolio | Hardware wallet | $102 | Yes | Learn More |
BitBuy | Low trading and deposit fees | Cold wallet | Free | Yes | Learn More |