If you’re looking for a new exchange to start trading on and want to know the best crypto exchange sign-up bonuses in Canada, you’re in luck!
Cryptocurrency trading is becoming more and more popular every day. As the market continues to grow, more and more people are looking for exchanges where they can buy and sell cryptocurrencies.
We’ve put together a list of the best cryptocurrency exchanges with the best signup bonuses and welcome offers.
Whether you are a newbie in the world of cryptocurrency or an experienced trader, taking advantage of crypto exchange bonuses is a smart way to offset your deposit and trading fees.
This post will cover the best crypto exchange sign-up bonuses and offers that I have found with some factors to consider when deciding on which offers to choose.
Overview of the Best Crypto Sign Up Bonus Offers & Promotions
Let’s start with an overview of the best crypto exchange sign-up bonuses and offers with their eligibility.
| Crypto Exchange | Bonus | Eligibility |
|---|---|---|
| Wealthsimple Crypto | $25 cash bonus | Deposit a minimum of $150 |
| Bitbuy | $40 | Make your first $250 deposit |
| Coinberry | $30 | Trade a minimum of $50 |
| Coinsmart | $20 | Make your first $100 deposit |
| Shakepay | $5 | Trade at least $100 |
| VirgoCX | $20 | Verify your account ($5); deposit at least $100 ($15) |
| Newton | $25 | Trade a minimum of $100 |
| NDAX | $10 bonus | Deposit an average of $100 |
| Binance | Up to 40% Commission rebate + Up to $100 bonus | Varies |
| Crypto.com | CRO Bonus worth $25 | Stake CRO |
| Coinbase | $10 | Trade at least $100 in Crypto |
| Netcoins | $25 | Deposit a minimum of $100 |
| MogoCrypto | $10 | Open a Mogo account and make a minimum of $100 deposit |
Best Crypto Exchange Sign Up Bonuses & Offers
If you are thinking of opening an account with a cryptocurrency exchange, choose from the following options that offer competitive sign-up bonuses and offers.
1. Wealthsimple Crypto Referral Bonus
- Bonus offer: $25 bonus
- Eligibility: Deposit a $150 minimum
- Number of coins: 50+
- Fees: No fee for trading, deposits & withdrawals. Spread of 1.50%
- Minimum investment: $1
- Regulation: FINTRAC and Ontario Securities Commission
Introduced recently in 2020, Wealthsimple Crypto is the crypto exchange of Wealthsimple and the first Canadian crypto platform to be registered by OSC.
The crypto exchange sets itself apart from the competition by offering a $25 sign-up bonus with no trading fee, deposit or withdrawal fee.
In addition, Wealthsimple Trade waives the $150 transfer fee when you move at least $5,000 balance to it from your existing trading platform.
Learn more about the Wealthsimple Crypto promotions here.
2. Bitbuy Referral Code
- Bonus offer: $40 bonus
- Eligibility: Make your first $250 deposit
- Number of coins: 25+
- Fees: Free deposit. 0%-1.5% trading fee. 1.50% for e-transfer withdrawal fee, 1.50% for wire transfer withdrawal. Variable crypto withdrawal fees.
- Minimum investment: $50
- Regulation: FINTRAC & OSC
As one of the oldest Canadian cryptocurrency exchanges founded in 2016, Bitbuy offers new users a $40 bonus welcome bonus after making their first $250 deposit.
With Bitbuy, CAD deposits and withdrawals are not free. In fact, they are one of the most expensive in Canada when it comes to funding your account.
However, it makes up for it with one of the lowest spreads on prices and a low trading fee of 0.1%-0.2.
Check here for a detailed review of the Bitbuy referral program.
3. Coinberry Referral Code
- Bonus offer: $30 bonus
- Eligibility: Trade a minimum of $50
- Number of coins: 30+
- Fees: Free trading, free deposits and free withdrawal on e-Transfers and wire transfers. It has variable crypto withdrawal fees.
- Minimum investment: $50
- Regulation: FINTRAC & OSC
Coinberry is a highly regulated Canadian crypto exchange that offers a competitive sign-up bonus of $50 to new members that trade a minimum of $50.
Besides this competitive offer, Coinberry also allows free trading, free deposits and free withdrawal on e-Transfers and wire transfers.
4. CoinSmart Bonus Offer
- Bonus offer: $20 bonus
- Eligibility: Make your first $100 deposit
- Number of coins: 16+
- Fees: 0.20% trading fee. Free bank wire deposits. 0-1.50% deposit fee for e-transfers. Variable withdrawal fees with crypto and a 1% withdrawal fee for bank transfers.
- Minimum investment: $100
- Regulation: FINTRAC & OSC
CoinSmart is a Toronto-based crypto exchange that pays new users a $20 bonus if their first deposit is at least $100.
It provides free deposits using bank accounts and wire transfers and free deposits with crypto coins.
5. Shakepay Referral Code
- Bonus offer: $5 bonus
- Eligibility: Trade at least $100
- Number of coins: 2
- Fees: No trading fees. Free deposit and withdrawals with e-transfers and wire transfers. Crypto deposit and withdrawals are also free.
- Minimum investment: $5
- Regulation: FINTRAC
Shakepay is one of the oldest cryptocurrency exchanges in Canada with over 900,000 current users.
New Shakepay users get a $5 sign-up bonus when they sign-up using a referral link and trade a minimum of $100.
If you’re looking for a crypto platform with low fees and commission and an easy to use app, Shakepay is definitely a top contender.
6. Newton Referral Code
- Bonus offer: $25 bonus
- Eligibility: Trade a minimum of $100
- Number of coins: 60+
- Fees: No trading fees. Free deposits and withdrawal. Crypto withdrawal fee varies.
- Minimum investment: $0
- Regulation: FINTRAC
As one of the best cryptocurrency exchanges in Canada with multiple coins and competitive spreads, Newton welcomes new users with a $25 bonus when they trade a minimum of $100.
In addition, Newton doesn’t charge deposits and withdrawal fees. It only charges variable crypto withdrawal fees which are also covered for the first $5.
7. VirgoCX Referral Code
- Bonus offer: $20 bonus
- Eligibility: Get $5 when you verify your account and an extra $15 when you deposit a minimum of $100
- Number of coins: 50+
- Fees: No trading fees. Free deposits and withdrawal. Crypto withdrawal fee varies.
- Minimum investment: $0
- Regulation: FINTRAC
VirgoCX is the only crypto platform covered in this list that rewards you without a deposit or trade requirement.
You’ll get a $5 bonus as soon as you verify your account if you sign-up using a VirgoCX referral code (m0bt8Y4C) or referral link. An extra $15 is deposited into your account after you deposit at least $100.
Learn more: VirgoCX Referral Code
7. NDAX Bonus Offer
- Bonus offer: $10 bonus
- Eligibility: Deposit at least $100
- Number of coins: 31
- Fees: 0.20% trading fee. Free deposits and C$4.99 withdrawal fee.
- Minimum investment: $0
- Regulation: FINTRAC
The National Digital Asset Exchange (NDAX) is one of the best crypto exchanges in Canada with free deposits and a $0 minimum investment.
The crypto exchange welcomes new members with a $10 bonus after an initial deposit of $100 if they sign up using an NDAX referral code “bfQD9f” or referral link.
Though NDAX has a trading fee of 0.20%, it has a very tight spread compared to the other Canadian crypto platforms.
8. Binance Referral Code
- Bonus offer: 20% commission rebate + Up to $100 bonus
- Eligibility: N/A
- Number of coins: 600+
- Fees: 0.015%-0.075% trading fees. Free crypto deposits. Variable deposit and withdrawal fees for fiat currency.
- Minimum investment: $10
- Regulation: FINTRAC
Binance is currently the world’s largest crypto exchange due to its over 500 crypto coins with the highest daily crypto trading volume.
Headquartered in Seychelles, Binance set itself apart from other cryo exchanges by offering a competitive welcome offer of a lifetime 20% commission rebate when you sign-up using a Binance promo code.
In addition, new Binance users can earn up to $100 by taking advantage of other offers..
9. Crypto.com Promo Code
- Bonus offer: $25 bonus
- Eligibility: N/A
- Number of coins: 250+
- Fees: Variable trading fees. Free deposits and variable withdrawal fees
- Minimum investment: $1
- Regulation: SEC
Crypto.com is a Hong Kong-based crypto exchange that became popular for the multiple coins it supports across different parts of the world.
The crypto exchange gives new members a sign-up bonus of CRO worth $25 after they fund their account and stake at CRO.
10. Coinbase Referral Bonus
- Bonus offer: $10 bonus
- Eligibility: Trade at least $100
- Number of coins: 100+
- Fees: Variable fees for deposits, withdrawals and trading
- Minimum investment: $2
- Regulation: NYSDFS
Coinbase is another foreign crypto exchange and one of the best crypto exchanges worldwide.
It offers a $10 bonus to new users after they sign-up, verify their account and trade a minimum of $100 in cryptocurrencies.
As a US-based crypto exchange, Coinbase supports over 100 crypto coins with competitive trading fees.
In addition, Coinbase Earn lets you make extra cash by watching educational videos about crypto.
11. Netcoins Referral Bonus
- Bonus offer: $25 bonus
- Eligibility: Deposit a minimum of $100
- Number of coins: 30+
- Fees: Free trading. Free deposit and withdrawals with CAD. It has variable crypto withdrawal fees.
- Minimum investment: $10
- Regulation: FINTRAC & OSC
As the first publicly owned crypto trading platform in Canada, Netcoins welcomes new users to its platform with a $25 sign-up bonus upon depositing a minimum of $100.
Netcoins offers free deposits and withdrawals with CAD, free trading and a decent spread on quoted prices.
12. MogoCrypto Bonus Offer
- Bonus offer: $10 bonus
- Eligibility: Open a Mogo account and make a minimum of $100 deposit.
- Number of coins: 1
- Fees: 1% trading fee. No fees for withdrawals or deposits.
- Minimum investment: N/A
- Regulation: FINTRAC
MogoCrypto is Mogo’s bitcoin-only app that welcomes new users with a $10 bonus after opening a Mogo account ($5 bonus) and depositing a minimum of $100 ($5 bonus).
Besides charging 1% trading fees, MogoCrypto does not charge for withdrawals or deposits.
How to Choose the Best Crypto Exchange Sign Up Bonuses & Offers?
Looking from the above best crypto exchange sign-up bonuses and offers, you can see how they vary in terms of the amount and eligibility.
But when narrowing your selection of the best crypto exchange offers, it’s important to have a comprehensive overview instead of just the welcome bonus.
Here are some of the factors to consider when choosing the best crypto exchange sign-up bonus and offers.
1. Offer rate
From the above review, you can see that the crypto exchanges differ by their sign-up bonuses ranging from $10 to $100.
While it may be tempting to go with the crypto exchange with the highest and most competitive offers, you may be putting yourself at a disadvantage in the long run if its services do not fully meet your needs.
As a result, it is important to consider a crypto platform’s features, trading fees, deposits and withdrawals and more before making a choice.
2. Eligibility
Some of the above crypto exchanges have eligibility in the form of minimum deposit and trading amounts. This means that you won’t get the welcome offer until you meet the eligibility.
However, some of the requirements are more stringent than others. For example, you need to make a $250 deposit to get Bitbuy’s crypto sign-up bonus but Coinberry only requires a minimum trade of $50.
So choose a crypto exchange with eligibility criteria you’re comfortable with and confident you can meet.
3. Number of coins
Some Crypto exchanges and brokers support hundreds of different digital coins on their platform, while some only support 1 or 2.
Unless you’re just looking to invest or trade the largest cryptocurrencies like Ether and Bitcoin, you should choose a platform with support for several crypto coins – irrespective of how much it pays as sign-up bonus
4. Minimum investment
You should also consider the minimum deposit required to start investing when choosing the crypto sign-up bonus to go with.
Luckily, many of the crypto platforms let new investors start investing with little amounts. Anyone can start trading with a few hundred dollars.
FAQs on the Best Crypto Exchange Sign Up Bonuses & Offers
Absolutely. A crypto exchange sign-up bonus is worth it as it offsets some of the fees you’ll incur for your first few trades.
If you’re looking for the highest sign-up bonus, look no further than Binance which offers up to 40% commission rebate and up to $100 bonus.
Different crypto exchanges have different requirements for qualifying for a referral bonus.
However, most crypto exchanges require you to sign-up with them, verify your account and make a minimum deposit or trade to get a referral bonus.
Yes. Coinbase has a sign up bonus of $10 for new users that execute a minimum of $100 trade.
Final Thoughts
There you have the best crypto exchange sign-up bonuses and offers in Canada. Taking advantage of these offers will help you save money when trading cryptocurrencies.
You can even start trading crypto coins for free by choosing a crypto exchange that requires a low deposit or trade threshold for claiming the sign-up bonus.
Regardless of the exchange you’re going with, ensure you use the above checklist to easily narrow your selection to the one that suits your needs.
If you need more help determining the best crypto exchange bonus for you, don’t hesitate to let me know in the comment below.
Before you leave, kindly explore our existing blog posts to learn more about the best crypto products and services in Canada.
