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Crypto trading and investing have become the norm, and several trading and investing platforms have started offering crypto trading services in canada alone. Trading cryptocurrency for another type of cryptocurrency generally, when you dispose of one type of cryptocurrency to acquire another cryptocurrency, the barter transaction rules apply. That means creating new cryptocurrencies and launching icos in vietnam is completely legal and so is the trading of cryptocurrency at popular exchanges. Not only is it the most established exchange in canada, but they get top marks for their competitive and transparent pricing. However, aside from developing a framework for the regulation of virtual currency dealers as a type of money services business, there has been little in the way of concrete regulatory development. Canada it is legal to trade cryptos in canada, but some banks have banned the digital currency. In canada, crypto is taxed as either capital gains or as income tax, depending on whether your activity with cryptocurrency is considered to be as a business or not. For further details see our legal disclosures. Thus, trading using crypto is a batter transaction, and tax laws apply. Based on our research, the 11 best cryptocurrency exchanges for canada are: You have to convert the value of the cryptocurrency you received into canadian dollars. There are no laws against trading. Bitbuy is our top pick for canadian crypto exchange in 2021.