To buy Solana (SOL) in Canada, sign up to a CSA-registered exchange that lists it, verify your ID, deposit Canadian dollars by Interac e-Transfer and buy SOL. Coinbase tops my scorecard at 9.8 out of 10, with Kraken (9.2), Wealthsimple Crypto (8.4), Newton (7.9) and NDAX (7.8) also listing it.
Shakepay, Bull Bitcoin and Bitcoin Well do not offer SOL. BloFin, BTCC, MEXC and Bitunix list it but are offshore, so read their labels first.
- Coinbase, 9.8: best overall, SOL staking
- Kraken, 9.2: lower fees on Kraken Pro
- Wealthsimple Crypto, 8.4: SOL named on its crypto page
- Newton, 7.9: SOL spread 1.25% to 1.45%, staking up to 4.5%
- NDAX, 7.8: flat 0.20% fee
| Exchange | Score | Canadian Status | How You Fund In CAD | Cost On A $500 SOL Buy |
|---|---|---|---|---|
| 1. Coinbase | 9.8 | CSA Restricted Dealer | Interac, EFT (free), card, PayPal | Up to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread |
| 2. BloFin | 9.6 | Offshore | None (crypto-funded) | Spot 0.1% each way is $0.50 (base tier) |
| 3. Kraken | 9.2 | CSA Restricted Dealer | Interac (free), wire, debit card | Kraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread |
| 4. Wealthsimple Crypto | 8.4 | CIRO dealer member | Interac (free) | Flat 0.5% is $2.50 plus a spread (its own schedule example: 1.5% all in, $7.50); Active Trader 0.5% to 0% with a 0% spread |
| 6. Newton | 7.9 | CIRO investment dealer | Interac, EFT, wire (free) | Spread 1.25% to 1.45% (Tier 2) is $6.25 to $7.25, no fee |
| 8. NDAX | 7.8 | CIRO dealer member | Interac, wire (free) | Flat 0.20% is $1.00, plus a spread that is not published |
| 9. BTCC | 7.0 | Offshore | Not verified | Spot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier) |
| 10. MEXC | 7.0 | Offshore | None verified | Maker 0% is $0, taker 0.05% is $0.25 (base tier) |
| 11. Bitunix | Unscored | Offshore | None verified | Maker 0.08% is $0.40, taker 0.10% is $0.50 (base tier) |
| 12. Crypto.com | Unscored | CSA Restricted Dealer | Bank transfer, card (zero-fee deposits) | Advertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published |
Part of my guide to how to buy crypto in Canada.
What Is Solana?
Solana (SOL) has become a popular cryptocurrency investment for Canadians. It has been dubbed an Ethereum killer because of its fast transaction times and cheap fees. The network has a unique hybrid consensus model using Proof of Stake (PoS) together with Proof of History (PoH), which makes it a popular investment for both small traders and whales. Developers can build decentralized apps on Solana with the aim of making decentralized finance accessible to everyone.
Because Solana is a popular cryptocurrency, it can be found on the biggest exchanges. I am not quoting a live SOL price here, since it would be out of date within hours. Check the order screen of your platform for the current CAD price.
Disclaimer: Our website uses referral links to the crypto exchanges mentioned in the article as a means of monetization. This supports our efforts to provide high-quality, independently researched content for Canadians. Please be assured that our ratings are not influenced by these referral programs and our advice is always in the best interest of our Canadian audience. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.
Where Can I Buy Solana (SOL) In Canada?
These are the platforms on my scorecard whose asset lists include SOL, in my fixed order. Wealthsimple is included because its own crypto page names Solana. Bull Bitcoin, Bitcoin Well and Shakepay are left out because they do not offer SOL. Bitbuy and Coinsquare are left out because new accounts are being folded into Robinhood.
Coinbase: Best Overall Crypto Exchange In Canada
9.8/10Best for: first-time buyers who want a large, familiar app with Interac funding.
CSA-registered Restricted Dealer in all provinces and territories.
- Cost On A $500 BuyUp to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread
- CAD FundingInterac e-Transfer and bank EFT are free to add cash; card and PayPal are also offered for buying.
- Coins200+ assets; SOL is on its asset list
- BonusA banner on coinbase.com/en-ca advertises up to CA$200 for getting started. The qualifying action was not published where we could check it, so read the terms before you count on it.
Pros
- Registered with the CSA as a Restricted Dealer, with a Canada-specific user agreement
- Coinbase says it holds customer assets 1:1 and does not lend them without permission
- Staking for ETH, ADA, SOL, ATOM and XTZ (eligible jurisdictions)
Cons
- Simple buys carry a spread plus a Coinbase fee, and the official Canada disclosure mentions up to 1.875% depending on payment method
- Custodial: Canadian fiat balances are not covered by CIPF or CDIC
- Advanced fee table for Canada could not be confirmed on an official page
BloFin: Best Crypto Derivatives Exchange On My Scorecard
9.6/10Best for: experienced traders who want low spot fees and deep futures markets, and who accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its Terms of Use name Canada as a Restricted Location. No Canadian investor protection applies. It suits experienced traders who already hold crypto and accept that they would have no recourse; beginners should start on a registered platform.
- Cost On A $500 BuySpot 0.1% each way is $0.50 (base tier)
- CAD FundingNo CAD funding. BloFin is crypto-funded, and fiat goes through third-party buy providers.
- Coins235 spot base assets; SOL is on its asset list
- BonusGlobal promotions exist, but none applies to Canadians and no live October 2026 campaign was confirmed.
Pros
- Spot fees of 0.1% maker and 0.1% taker at the base tier
- No platform withdrawal fee (network fee only)
Cons
- Canada is named a Restricted Location in its terms
- No CAD deposits and no Canadian regulator to complain to
- Custody, insurance and proof of reserves are not published where we could check
Kraken: Best For Lower Fees And Deeper Coin Choice
9.2/10Best for: buyers who want a wide coin list and lower fees on Kraken Pro once they are past the first purchase.
CSA-registered Restricted Dealer, operated in Canada by Payward Canada Inc.
- Cost On A $500 BuyKraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread
- CAD FundingInterac e-Transfer is free (minimum CAD 5, up to CAD 10,000 per transaction); domestic wire is free; debit card costs CAD 0.25 plus 3.75%.
- CoinsHundreds (no official Canadian count); SOL is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Kraken Pro starts at 0.40% maker and 0.80% taker, dropping at higher volume
- Staking is open to Canadians, with exceptions listed on Kraken's own page
- Proof of Reserves snapshot dated 2026-06-30 showed reserve ratios above 100% for BTC, ETH, SOL and XRP
Cons
- Instant Buy costs 1% plus a spread
- Interac withdrawals cost CAD 10
- No margin or derivatives for Canadian clients
- Kraken's Canadian restrictions list bars some tickers
- Kraken's CAD 30,000 rolling 12-month net purchase limit for most clients applies to SOL (it excludes only BTC, ETH, LTC and BCH); check your province on its page
Wealthsimple Crypto: Best For Existing Wealthsimple Users
8.4/10Best for: people who already bank or invest with Wealthsimple and want crypto in the same app.
CSA-registered Registered investment dealer and CIRO member.
- Cost On A $500 BuyFlat 0.5% is $2.50 plus a spread (its own schedule example: 1.5% all in, $7.50); Active Trader 0.5% to 0% with a 0% spread
- CAD FundingInterac e-Transfer is free (Wealthsimple charges nothing; your bank may), up to CAD 10,000 per transfer or your bank's limit.
- CoinsBTC, ETH, SOL and 170+ others (SOL named on its crypto page)
- BonusNo sign-up bonus confirmed on the official crypto page.
Pros
- CIRO dealer member, so it sits under a full dealer regulator
- Active Trader status takes the fee from 0.5% down to 0% with a 0% spread
- Staking available, up to 5% per year before Wealthsimple's 30% (Core, Premium) or 15% (Generation) fee
Cons
- Without Active Trader status you pay a flat 0.5% plus a spread on market orders
- CAD 1 surcharge on orders under CAD 100
- Crypto is not covered by CIPF (cash is)
Newton: Best For Simple CAD Buying And Staking
7.9/10Best for: beginners who want a simple CAD app with free Interac, EFT and wire deposits.
CSA-registered CIRO investment dealer member since 2026-03-18 and on the CSA list.
- Cost On A $500 BuySpread 1.25% to 1.45% (Tier 2) is $6.25 to $7.25, no fee
- CAD FundingInterac e-Transfer, wire and pre-authorized debit are all free.
- Coins59 CAD pairs; SOL is on its asset list
- BonusReferral: a friend gets a CAD 20 welcome bonus after signing up and trading CAD 100 within 90 days.
Pros
- CIRO investment dealer member since 2026-03-18
- Zero withdrawal fees stated, and Newton covers up to CAD 5 of gas fees on the first withdrawal each day
- Staking shown at up to 4.5% APY on SOL, 2.2% on ADA, 1.5% on ETH (estimates, not guaranteed)
Cons
- Pricing is spread-based: 1.00% to 1.15% on BTC, ETH and USDC, up to 1.60% on other assets
- Smaller coin list than the global exchanges
- Crypto is not covered by CIPF (cash is)
NDAX: Best For A Flat, Low Trading Fee
7.8/10Best for: Canadians who want a flat, published trading fee and free Interac deposits.
CSA-registered CIRO investment dealer member and on the CSA list.
- Cost On A $500 BuyFlat 0.20% is $1.00, plus a spread that is not published
- CAD FundingInterac e-Transfer and wire are free; Interac deposits process within 0 to 30 minutes.
- Coins77 base assets (public API); SOL is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Flat 0.20% on every buy and sell, with no tiers
- CIRO dealer member
- Staking is opt-in
Cons
- Interac withdrawals cost CAD 1.50 and bank EFT withdrawals CAD 4.99
- 20% administration fee on staking rewards
- The spread is not published
BTCC: Best For Leveraged Futures Traders
7.0/10Best for: experienced futures traders in provinces BTCC says it serves.
Offshore Not registered with the Canadian Securities Administrators, and no Canadian investor protection applies. BTCC's own guidance lists Ontario and Quebec as restricted jurisdictions, although its Terms of Use page does not name Canada. It suits experienced futures traders who accept that risk.
- Cost On A $500 BuySpot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier)
- CAD FundingCAD funding could not be verified.
- Coins112 spot assets; SOL is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Spot fees of 0.3% taker and 0.2% maker at the base tier
- Futures-focused, with leverage up to 500x on selected contracts
Cons
- Not on the CSA list
- Ontario and Quebec are restricted per BTCC
- Custody, insurance and proof of reserves not confirmed
MEXC: Best For Sheer Coin Variety, With Caveats
7.0/10Best for: experienced traders who want a very large altcoin list and accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its User Agreement lists Canada as a prohibited jurisdiction. No Canadian investor protection applies. It suits experienced traders hunting small-cap coins who accept that they would be using it against its own terms.
- Cost On A $500 BuyMaker 0% is $0, taker 0.05% is $0.25 (base tier)
- CAD FundingNo CAD funding verified.
- Coins1,425 spot assets; SOL is on its asset list
- BonusNot applicable to Canadians.
Pros
- 0% maker and 0.05% taker spot fees at the base tier
- 1,425 spot assets on the public API
Cons
- Canada is a prohibited jurisdiction in the User Agreement (updated 29 May 2025)
- No CAD deposits and no Canadian recourse
Bitunix: Futures Exchange, Not Open To Canadians
Best for: derivatives traders who accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its restricted regions notice names Canada, including Alberta. It holds foreign MSB registrations with FINTRAC, but that is not the same as being allowed to serve Canadians. It suits derivatives traders outside Canada; a Canadian opening an account would be doing so against its notice.
- Cost On A $500 BuyMaker 0.08% is $0.40, taker 0.10% is $0.50 (base tier)
- CAD FundingNone verified.
- Coins549 spot base assets; SOL is on its asset list
- BonusNot applicable to Canadians.
Pros
- Spot fees of 0.08% maker and 0.10% taker at the base tier
Cons
- Canada, including Alberta, is a prohibited jurisdiction in its own notice
- One of its FINTRAC registrations expired 2026-08-31
- No CAD funding
Crypto.com: Best For The Card And Rewards Ecosystem
Best for: people who want the Crypto.com app and card ecosystem alongside their buying.
CSA-registered Restricted Dealer (Foris DAX CAN ULC), CSA decision of May 8, 2025.
- Cost On A $500 BuyAdvertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published
- CAD FundingCrypto.com advertises instant, zero-fee deposits by bank transfer, debit or credit card, or crypto wallet. Other fees and spread may apply.
- CoinsHundreds (Canadian list not published); SOL is on its asset list
- BonusCanada keeps the legacy Welcome Bonus, auto-enrolled after KYC. The amount was not verified on the official page.
Pros
- CSA Restricted Dealer serving Canadians through a Canadian entity
- Canada marketing quotes maker and taker fees as low as 0.08% and 0.18%
Cons
- The Canadian app fee schedule could not be retrieved
- Spread and card fees can apply
- The Exchange venue lists 417 spot base assets, but the Canadian app list is narrower and not published
How Much Does It Cost To Buy $500 Of Solana In Canada?
| Platform | Published Cost On $500 |
|---|---|
| Coinbase | Up to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread |
| BloFin | Spot 0.1% each way is $0.50 (base tier) |
| Kraken | Kraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread |
| Wealthsimple Crypto | Flat 0.5% is $2.50 plus a spread (its own schedule example: 1.5% all in, $7.50); Active Trader 0.5% to 0% with a 0% spread |
| Newton | Spread 1.25% to 1.45% (Tier 2) is $6.25 to $7.25, no fee |
| NDAX | Flat 0.20% is $1.00, plus a spread that is not published |
| BTCC | Spot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier) |
| MEXC | Maker 0% is $0, taker 0.05% is $0.25 (base tier) |
| Bitunix | Maker 0.08% is $0.40, taker 0.10% is $0.50 (base tier) |
| Crypto.com | Advertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published |
Newton prices SOL in its Tier 2 spread band (LTC, SOL and XLM), which is higher than Tier 1. Offshore platforms show lower headline fees, but they cannot take Canadian dollars and Canada is restricted in their terms.
How Do I Buy Solana In Canada Step By Step?
- Pick a platform from the table. Start with a CSA-registered one that funds with Interac.
- Sign up and verify. Upload a government-issued ID and a selfie, and sometimes proof of address. Verification can take up to 24 hours.
- Deposit Canadian dollars. Interac e-Transfer is free on most registered platforms and usually avoids the extra cost of a card.
- Buy SOL. Use a market order for speed or a limit order if you want to name your price. Read the fee preview before you confirm.
- Send long-term holdings to your own wallet. Try a small test transfer first. My best crypto wallets for Canadians list covers the options.
You can use a credit or debit card if you want to buy SOL as quickly as possible, but cards usually cost more than Interac e-Transfer, and Canadian banks sometimes block them.
Can I Stake Solana In Canada?
Yes, on several registered platforms. Rates are shown as "up to" figures and are not guaranteed. Staking also has tax consequences; see crypto staking and taxes in Canada.
- Coinbase lists SOL among the assets you can stake, at up to 10% APY in eligible jurisdictions, with a standard 35% commission.
- Kraken allows Canadians to stake, with exceptions (no Opt-in Rewards, no GRT or FLR staking).
- Newton shows SOL staking at up to 4.5%, an estimate that is not guaranteed.
- Wealthsimple advertises staking at up to 5% per year before its 30% (Core, Premium) or 15% (Generation) fee, plus validator fees.
How Do I Keep Solana Safe And Secure In Canada?
Keeping your Solana safe is something you must do if you do not want to risk it being stolen. For safekeeping, use a private crypto wallet. Choose one of the crypto wallets I reviewed, and then send your Solana from the exchange you used to buy it to your wallet. If you buy Solana or any valuable cryptocurrency, always move it to a private wallet to keep it secure.
Oleg's takeI keep my SOL off exchanges, split between a Trezor Safe 7 and a Tangem card. The Trezor holds the larger amount and the Tangem is what I use day to day.
How Do I Sell Solana In Canada?
To sell, go to the exchange where you bought it. If your coins are in a wallet, send them back to the exchange first, then click sell. You can swap Solana for another cryptocurrency, or sell it for Canadian dollars if the exchange offers that, and then withdraw to your bank account. Withdrawal fees and limits differ by platform (Kraken charges CAD 10 for an Interac withdrawal, NDAX CAD 1.50). My guide on how to sell or cash out crypto in Canada has the full steps.
Do I Pay Tax When I Buy Solana In Canada?
Buying SOL with Canadian dollars is not itself a taxable event. Selling it, swapping it for another coin or spending it can be. The CRA says that, depending on your activities, you may realize business income (or loss) or a capital gain (or loss), and the two are reported differently. Record the date and CAD value of every buy, sale and swap. See my crypto taxation guide and how to report your crypto taxes.
What Changed For Buying Solana In Canada In October 2026?
- Coinbase launched regulated crypto derivatives for eligible Canadian investors. It is not open to ordinary retail accounts.
- Kraken republished its fee schedule, with Pro spot starting at 0.40% maker and 0.80% taker.
- Wealthsimple updated its crypto fee schedule: a flat 0.5% plus a spread, or Active Trader tiers down to 0% with a 0% spread, plus CAD 1 on orders under CAD 100.
- Robinhood closed its WonderFi acquisition, and Coinsquare customers are being moved in phases to the Robinhood app.
- The CSA issued an amended decision for Coinbase Canada Inc.
Frequently Asked Questions
Can You Buy Solana (SOL) In Canada?
Yes. Coinbase, Kraken, Wealthsimple Crypto, Newton, NDAX and Crypto.com all serve Canadians and offer SOL. Shakepay, Bull Bitcoin and Bitcoin Well do not.
What Is The Best Way And Place To Buy Solana In Canada?
Use a CSA-registered exchange and pay by Interac e-Transfer or bank transfer where you can. On my scorecard Coinbase ranks first at 9.8 out of 10, followed by Kraken and Wealthsimple Crypto. Cards are quicker but cost more.
How To Trade Solana (SOL) In Canada?
You can trade SOL for other cryptocurrencies on any exchange that lists it. Find the trade or swap option and pick from the pairs available. Each swap can be a taxable event.
What Is The Solana (SOL) Price In CAD?
The price moves constantly, so any number printed here would be stale. Check the live CAD price on the exchange you plan to use, and compare it with the final quote on the order screen, which includes the platform's fee or spread.
Is Solana A Good Investment For Canadians?
Any crypto investment is risky and you should do your own research. Solana has good technology, a supportive community and a unique consensus model that makes it attractive to investors. While Solana may or may not kill Ethereum, we think they both could coexist in the crypto world.
Can I Stake Solana In Canada?
Yes. Coinbase, Kraken, Newton and Wealthsimple all offer staking to Canadians. Newton shows SOL at up to 4.5% and Coinbase at up to 10% APY in eligible jurisdictions. Rates are not guaranteed.
Is Coinbase Legal In Canada?
Yes. Coinbase Canada Inc. is registered with the CSA as a Restricted Dealer in all provinces and territories, under a decision of April 3, 2024 that was amended on April 1, 2026.