We’ve assessed a number of factors when putting together this list, including ease of use, fees, supported cryptocurrencies, trading features and support. 1. Binance withdrawal time. Security and Regulation: Binance keeps most of its coins in cold storage. In Canada there are some really great options. Binance exports a complete Transaction History file … It makes sure that the withdrawal fees are constant. OKEx is the least expensive crypto-only exchange on the market in terms of commission fees. The Best Crypto Exchanges in Canada Making Crypto Simple There are a few good options in Canada for cryptocurrency exchanges. Coins Offered: 200+ Funding Options: bank transfer, credit card, debit card, and more. Fees: 0.1% on crypto trades. Related: Binance Review: Fastest Trades but No Fiat Currencies. As of December 2020, the BTC withdrawal fees are 0.0004BTC, while ETH withdrawal fees are 0.003 ETH. Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America, from your laptop, tablet, or mobile device. Its 0.1% baseline commission rate for market makers matches Binance’s 0.1% flat fee. If you choose to pay your Binance fees in BNB, the VIP 8 level comes with a maker fee of 0.015% and a taker fee of 0.03%. To represent the data of Coinbase vs Binance comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. OKEx. Our rating is based on factors such as ease of use, fees, trading features and support. Binance Tax Reporting. The flat rate for trading operations is 0.1% of transaction amount. Binance Overview. I personally use Binance here in Canada. How to withdraw from Binance Using the BNB token for trading activities results in a 50% discount, so the fees charged will be 0.05%. Deposit transactions attract no cost. Based on our research, the 11 best cryptocurrency exchanges for Canada are: Coinbase vs Binance - Comparison at a Glance. The highest fee-discount level Binance offers (VIP 8) requires you to trade at least 150,000 BTC in volume over 30 days and hold at least 11,000 BNB. Binance has zero deposit fees, but things are different for withdrawal fees. When looking for the best Canadian exchanges, consider information such as location, currency, available cryptocurrencies and the fees. Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America, from your laptop, tablet, or mobile device. Depending on the cryptocurrency in question, the fees can range from $1 to $15. Some of the videos are about what services Binance has and others are more about trading. The fee structure on Binance is as follows: There is a fee charged for trading activities on Binance. Normally, Binance withdrawal processing time is quick, and usually take no longer than 30 minutes to reach your crypto wallet. Deposit and withdrawal fees vary depending on coin. Over the years we’ve reviewed 100’s of different exchanges all over the world. Binance also has platforms you can install on Windows, macOS and Linux. You can generate your gains, losses, and income tax reports from your Binance investing activity by connecting your account with CryptoTrader.Tax. I know that Binance CAN be a bit difficult or challenging for new users to navigate. Connect your account by importing your data through the method discussed below. On the other hand, if you withdraw your money to a bank account, the transaction fees charged by the exchange vary according to the fiat currency you choose. That's why I've made a series of tutorial based videos to help others out. Binance’s commission fee is a 0.1% flat rate. Zhao’s company Beijie Technology created the exchange after a successful ICO that raised $15 million.. Investors who invested in the ICO got Binance Coin (BNB) in return which can be used to trade cryptocurrencies and pay for fees on Binance. Yes you can. ... Buy, sell and trade cryptocurrency on the go with the new Binance… Binance has a tiered trading fee structure that is based upon 30-day cumulative trading volume or 24-hour Binance Coin holdings. Binance is a Hong Kong–based cryptocurrency exchange launched by developer Changpeng Zhao (aka CZ) in July 2017.