Bitget and KuCoin are two of the most recognized cryptocurrency exchanges in today’s market. From a Canadian perspective, however, there is nothing to choose between them. Neither is available to Canadians. Bitget restricted Canadian users in early 2026 following new CSA guidance. KuCoin is permanently banned in Canada following an OSC ruling and appears on the CSA’s banned platform list nationwide. This article is largely historical, but if you have funds stranded on either platform, keep reading.
Bitget Vs KuCoin: Which Is Better For Canadians?
Neither is an option for Canadians today. Bitget is an offshore exchange that is not registered in Canada and names Canada as a prohibited country in its Terms of Use. KuCoin is on the CSA banned list after the Ontario Securities Commission ordered it permanently out of Ontario's markets in June 2022, and other provinces reciprocated. I recommend Coinbase instead (9.8/10, #1 on my list): open a Coinbase account.
3,323 online spot base assets across 3,387 symbols (public API, 2026-10-02), none open to Canadians.
700+ coins globally, not for Canadians.
Depends
Price
Spot 0.1% maker and 0.1% taker base rate per symbol in the public API (2026-10-02). Irrelevant to Canadians.
Maker/taker from about 0.1% / 0.1%, VIP tiers, 20% off with KCS. Not for Canadians.
Depends
CAD In
No CAD funding. Canada is a restricted location, so Canadians cannot fund an account.
No longer available to Canadians
Depends
CAD Out
No CAD withdrawal to a Canadian bank is published.
No longer available to Canadians
Depends
Crypto In And Out
Not applicable to Canadians. No new account can be opened from Canada.
Free crypto deposits, variable withdrawal fees. Transfers from KuCoin to regulated Canadian exchanges may be blocked.
Depends
Custody
Custodial exchange. Whatever Canadian-held balances remain are not covered by CIPF or any Canadian regulator.
Hacked for $275M in 2020 (about $200M recovered). Not recognized in Canada; no recourse.
Depends
Verification (KYC)
Not applicable to Canadians. Account creation is barred for Canada under the terms.
No longer available to Canadians
Depends
Account Types
Not published
No longer available to Canadians
Depends
Provinces
0 of 13. The restriction names all of Canada, not a single province.
Banned in Ontario and reciprocated elsewhere. KuCoin's terms (updated 2026-09-29) name Ontario and British Columbia as Restricted Locations, not all of Canada.
Depends
Extra Products
Not applicable to Canadians.
No longer available to Canadians
Depends
Tax Tools
Not verified
No longer available to Canadians
Depends
App
Not applicable. Bitget says it does not operate a financial services business in Canada;
What Are The Key Differences Between Bitget And KuCoin?
Bitget Vs KuCoin: Side By Side
Bitget
KuCoin
Description
Bitget is a global cryptocurrency exchange for skilled users, known for copy trading, futures and a huge altcoin selection. Bitget is no longer available to Canadians: its Terms of Use list Canada among Prohibited Countries and it states that it does not operate a financial services business in Canada.
KuCoin is a Seychelles-based cryptocurrency exchange known for its huge altcoin selection, futures trading and trading bots, serving tens of millions of users worldwide. It is not available to Canadians: it is permanently banned from Ontario's capital markets, appears on the CSA's banned platform list, and its mandatory identity verification blocks Canadian sign-ups.
Coins
Past tense: 3,323 online spot base assets across 3,387 symbols (public API, 2026-10-02), none of which are accessible from Canada.
700+ coins globally, not accessible from Canada.
Fees
Past tense: spot 0.1% maker and 0.1% taker base rate per symbol in the public API (2026-10-02). Low fees were Bitget's draw, but they are irrelevant to Canadians now.
Low maker/taker trading fees starting around 0.1% and 0.1%, decreasing with VIP level. Free crypto deposits, variable withdrawal fees. KCS holders got a 20% discount on trading fees.
Pros
Low trading fees
Huge altcoin selection
Advanced features like copy trading, futures and trading bots
None of this is available to Canadians
Huge range of altcoins
Advanced order types, futures, lending and trading bots
Low fees
Licensed in some regions (MiCA in the EU via Austria, AUSTRAC in Australia)
None of this is available to Canadians
Cons
Not available in Canada, named a Prohibited Country
No Interac e-Transfer and no CAD support, even historically
Confusing for beginners
Never registered with Canadian securities regulators; its FINTRAC registration for Canada Bitget Limited (M20179708) expired 2023-03-31
Permanently banned from Ontario's capital markets with about CAD 2 million in penalties, a ruling reciprocated across Canada
Mandatory KYC since July 2023 ended anonymous trading
Warning: using a VPN to get around the block violates KuCoin's terms, and KuCoin can freeze accounts and withhold funds from users dodging geo-blocks
Hacked for $275 million in 2020
Guilty plea in the US with about $297 million in penalties
Regulated Canadian exchanges have blocked incoming transfers from KuCoin
Security
none of these were confirmed here.
$275 million was stolen in the 2020 hack attributed to North Korean hackers, with around $200 million later recovered. 2FA available, mandatory KYC and tightened compliance since 2023.
Methods To Buy
Canadians cannot buy crypto on Bitget. The platform blocks Canadian users, and accessing it through a VPN violates Bitget's terms and can get your account frozen with funds stuck inside.
Canadians cannot buy crypto on KuCoin. Verification requires ID from a supported country, and Canada is not one. Legacy users should withdraw, but transfers arriving directly at regulated Canadian exchanges from KuCoin may be blocked, so route through your own wallet first.
App
Not applicable to Canadians.
The app works in supported countries but is inaccessible to Canadians.
Account Limits
n/a for Canadians, since new accounts cannot be opened from Canada. No longer applicable.
Not applicable for Canadians. Elsewhere limits depend on KYC tier; unverified legacy accounts can only sell or withdraw.
How Do You Fund And Cash Out Bitget And KuCoin In Canada?
No CAD funding exists. Canada is a Prohibited Country in the Terms of Use (updated September 15, 2026). Earlier leads suggested an Alberta-only restriction; the official terms bar all of Canada. No funding for Canadians. Legacy users can only withdraw.
What Do Bitget And KuCoin Offer Beyond Buying And Selling?
KuCoin Only
Futures, lending and trading bots (historic): KuCoin offered futures, lending and bots globally. Not available to Canadians.
What Happens To Your Money If Bitget Or KuCoin Fails?
Bitget: Bitget does not serve Canada, is not on the CSA list, holds no current FINTRAC registration and is not a CIRO member. CIPF never covers crypto. A Canadian with a balance left on Bitget has no regulator to appeal to, and the terms let Bitget restrict or close accounts linked to Prohibited Countries at any time without notice. A VPN account risks a freeze with funds inside.
KuCoin: KuCoin is banned by Canadian regulators, so there is no registered Canadian entity, no CIPF cover and no complaint route that gets your money back. If you hold funds, withdraw to a wallet you control before sending anywhere else, because transfers straight to Canadian exchanges may be blocked. Warning: using a VPN violates its terms and can freeze your account. It was also hacked for $275 million in 2020.
How Are Bitget And KuCoin Treated For Tax In Canada?
Bitget: Any earlier trades or sales on Bitget are dispositions for CRA purposes. Export your full trade and transfer history while you still have access.
KuCoin: Trades on KuCoin were dispositions for CRA purposes. Export your history now. Export formats: Not published.
Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.
Which Should You Choose, Bitget Or KuCoin?
Choose Bitget If
You want copy trading or a huge altcoin list: Bitget does not serve Canadians, so use a registered Canadian platform and check what it offers.
Choose KuCoin If
You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.
What Happened To Bitget?
Bitget is not an option for Canadians. Its Terms of Use name Canada as a prohibited country, and the same page carries a banner saying Bitget does not operate a financial services business in Canada. Some search results claim the restriction only covers Alberta. The official terms say otherwise: it is all of Canada.
It is also unregistered here. Bitget sits on neither the CSA authorized list nor the CSA banned list, and the FINTRAC registry shows its Canadian money services business entry (Canada Bitget Limited, M20179708) expired on March 31, 2023, with no current registration found. No Canadian investor protection applies to anyone who gets around the terms and opens an account anyway.
There is no sign-up link for Bitget on this page, and there will not be one. If you came here for its altcoin menu or its low spot fee, the section below shows where to get the closest thing legally. Read my Bitget page for the longer history.
What Happened To KuCoin?
KuCoin is on the CSA banned list. On June 21, 2022 the Ontario Securities Commission ordered it permanently out of Ontario's markets, with a CAD 2,000,000 administrative penalty and CAD 96,550.35 in costs, and the other provinces and territories reciprocated. The banned entities are Mek Global Limited (Seychelles) and PhoenixFin Pte. Ltd. (Singapore).
One wrinkle: KuCoin's current Terms of Use (updated September 29, 2026) list only Ontario and British Columbia among its Restricted Locations, not all of Canada. That does not make it fine. The regulatory ban is what matters, and there is no KuCoin or Mek Global entry in the FINTRAC registry.
KuCoin does not get a sign-up link here. A registered Canadian platform gives you the same basic job, buying and selling crypto in CAD, without the ban hanging over it. Read my KuCoin page for the longer history.
Where Each Platform Stands In October 2026
Platform
Canadian Status
Key Date
Canadian Registration
Bitget
Offshore, terms prohibit Canada
Terms of Use read Oct 2, 2026
None. Not on the CSA authorized or banned list; FINTRAC entry expired Mar 31, 2023
KuCoin
Banned In Canada
OSC decision Jun 21, 2022
On the CSA banned list; no FINTRAC entry found
What Should Bitget And KuCoin Users Use Instead?
Neither platform is open to you, so the useful question is which registered Canadian platform does the same job. My ranking points to Coinbase and Kraken. Both are registered in Canada, both take CAD, and both have published, checkable fees.
Coinbase
CSA-registered Best for: First-time buyers who want a regulated, simple app.
Coinbase At A Glance
Detail
What I Found
Fees
Up to 1.875% Coinbase fee on simple buys (varies by payment method), plus spread
CAD Funding
Free Interac e-Transfer and EFT
Coins
200+
Registration
Restricted Dealer in all provinces and territories
Fees. On simple buys and sells Coinbase charges a spread, shown in the order preview, plus a Coinbase fee of up to 1.875% that varies by payment method. Simple limit orders add a separate 1% execution fee. Coinbase says it lowered spot fees on Coinbase Advanced, but the Canadian rate table could not be reached, so no Advanced percentage is quoted here.
Funding And Withdrawing CAD. Interac e-Transfer and bank EFT deposits are both free. Cash-out through Interac e-Transfer or EFT is supported, with the withdrawal fee not published beyond a note that a fee may apply by payment method. Bank limits apply.
Coins. Coinbase's Canadian site says you can trade 200+ assets. Staking is offered on ETH, ADA, SOL, ATOM and XTZ in eligible jurisdictions. Derivatives launched on September 2, 2026 for eligible Canadian investors only, which press reports tie to qualified clients, so it is not a retail feature.
Safety And Registration. Coinbase Canada, Inc. is registered as a Restricted Dealer in all provinces and territories, with a CSA amended decision dated April 1, 2026, and a FINTRAC registration (M22815925, expiry March 6, 2027). It is not a CIRO member, and its user agreement says Canadian fiat balances are not covered by CIPF. Coinbase says it holds customer assets 1:1 and does not lend them without permission.
App. On the Canadian Apple App Store the Coinbase app is rated 4.56 from 65,030 ratings, and on Google Play it holds 4.4 across 929K reviews. In our own support test it took four days to reach a real person, so expect patience on complex questions.
The other option worth a look:
Kraken
CSA-registered Kraken suits people who want to start simple and move to cheaper Pro trading as they learn, and anyone who wants a wide coin menu with Canadian registration behind it.
Kraken At A Glance
Detail
What I Found
Fees
Kraken Pro 0.40% maker and 0.80% taker at the base tier; Instant Buy 1% plus spread
About 490 (derived from Kraken's public pair list)
Registration
Restricted Dealer (Payward Canada Inc.), CSA decision April 1, 2025
Kraken Pro starts at 0.40% maker and 0.80% taker, dropping to 0.30% and 0.60% from $2,500 in 30-day volume and to 0.22% and 0.38% from $10,000 (the schedule's own dollar figures, so check the live page). The Instant Buy and Sell button costs a 1% fee on top of the spread, and custom orders run 1.5%. Interac e-Transfer deposits are free, with a CAD 5 minimum and limits of CAD 10,000 per transaction and per day, CAD 30,000 weekly and CAD 100,000 monthly. Taking CAD out by Interac costs CAD 10. A domestic wire deposit is free, with a CAD 100 minimum, though one intermediary bank fee of 13.74 is noted. Debit card deposits cost 0.25 CAD plus 3.75%.
How Does Coinbase Compare With What Bitget Offers?
On paper Bitget is a very large altcoin venue. Its public API lists 3,323 online spot base assets and a base spot fee of 0.1% maker and 0.1% taker per symbol (checked October 2, 2026). None of that helps a Canadian: there is no CAD funding for Canada because the country is prohibited. Coinbase's Canadian site says you can trade 200+ assets. Staking is offered on ETH, ADA, SOL, ATOM and XTZ in eligible jurisdictions. Derivatives launched on September 2, 2026 for eligible Canadian investors only, which press reports tie to qualified clients, so it is not a retail feature.
What The Public Data Shows
Item
Bitget
Coinbase
Spot Trading Fee
0.1% maker and 0.1% taker (base rate)
Up to 1.875% Coinbase fee on simple buys (varies by payment method), plus spread
Spot Assets
3,323 online base assets (public API)
200+
CAD Funding
None, Canada is prohibited
Free Interac e-Transfer and EFT
What Are The Pros And Cons Of Coinbase?
Pros
Registered Restricted Dealer in every province and territory
Free Interac e-Transfer and EFT funding
200+ assets on a clean app
Staking on several coins
Holds assets 1:1 with no lending without permission
Cons
Fees on simple buys run up to 1.875% plus spread
Support can be slow
No CIPF cover on fiat balances
Derivatives are for eligible investors only
Who Should Choose Coinbase, And Who Should Choose Kraken?
Coinbase fits first-time buyers who want a simple, regulated app with free CAD funding, and anyone who values a long track record over the lowest possible fee.
Kraken suits people who want to start simple and move to cheaper Pro trading as they learn, and anyone who wants a wide coin menu with Canadian registration behind it.
What Changed For Bitget And KuCoin In October 2026?
Bitget's Terms of Use still list Canada as a prohibited country, and its page says it does not operate a financial services business in Canada.
KuCoin updated its Terms of Use, which still list Ontario and British Columbia as Restricted Locations.
Kraken republished its fee schedule, with Pro spot trading starting at 0.40% maker and 0.80% taker.
Coinbase launched derivatives for eligible Canadian investors via Coinbase Financial Markets.
The CSA amended its decision for Coinbase Canada Inc.
Kraken received its CSA Restricted Dealer decision as Payward Canada Inc. and announced free Interac e-Transfer deposits.
Frequently Asked Questions
Can Canadians Use Bitget In 2026?
No. Bitget's Terms of Use list Canada as a prohibited country and say Bitget does not operate a financial services business in Canada. It is not registered with the CSA, and its FINTRAC money services business entry expired on March 31, 2023.
Can Canadians Use KuCoin In 2026?
No. KuCoin is on the CSA banned list after the OSC decision of June 21, 2022, which other provinces and territories reciprocated.
What Happened To Bitget?
Bitget still operates for other countries, but Canada is a prohibited country in its Terms of Use, so Canadians are shut out. It has no CSA registration and no current FINTRAC registration.
What Happened To KuCoin?
The Ontario Securities Commission ordered KuCoin permanently out of Ontario's markets in June 2022, with a CAD 2,000,000 penalty, and other regulators followed.
What Should Bitget And KuCoin Users Use Instead?
Registered Canadian platforms such as Coinbase or Kraken. Yes. Coinbase Canada, Inc. is registered as a Restricted Dealer in all provinces and territories, with a CSA amended decision dated April 1, 2026.
What Does Coinbase Charge?
Simple buys carry a spread plus a Coinbase fee of up to 1.875% that varies by payment method, and simple limit orders add a 1% execution fee.
Do Bitget And KuCoin Have Limit Orders?
Bitget: Not applicable, Canadians cannot use Bitget. KuCoin: Yes globally, not for Canadians.
Which Coins Can You Buy On Bitget And KuCoin?
Bitget: 3,323 base assets, none open to Canadians KuCoin: 700+ globally, none for Canadians
Is The Spread The Fee On Bitget And KuCoin?
Bitget: Not applicable. KuCoin: No longer applicable.
Does CIPF Cover My Crypto On Bitget Or KuCoin?
Bitget: CIPF never covers crypto, and Bitget is not a CIPF member. KuCoin: CIPF never covers crypto, and this platform no longer serves Canadians.
Are Bitget And KuCoin Available In Every Province?
Bitget: None, Canada is a Prohibited Country. KuCoin: Banned in Ontario and reciprocated across Canada.
Do Interac Deposits Work On Weekends On Bitget And KuCoin?
Bitget: No Interac e-Transfer, CAD was never supported. KuCoin: No longer applicable.
What Is The Minimum Buy On Bitget And KuCoin?
Bitget: Not applicable. KuCoin: No longer applicable.
Can A Business Use Bitget Or KuCoin?
Bitget: Not applicable, Canada is a Prohibited Country. KuCoin: No longer applicable.
Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.
He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.
His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.