Is Binance legal in Canada?
Updated November 2026. Checked against the regulators' registers and each platform's own pages.
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The verdict
✗ Not registered in Canada
No. Binance isn't registered with Canada's securities regulators, so it isn't allowed to hold crypto for Canadians, and no Canadian regulator can help you if something goes wrong.
- On the Canadian register
- No
- Ontario
- Agreed to stop serving Ontario residents in 2022
- Registered alternatives
- 11 platforms
Good
- One of the largest exchanges in the world by trading volume
Bad
- Not on the register of crypto platforms authorized to serve Canadians
- Told Ontario's regulator in 2022 that it had stopped dealing with Ontario residents
- No Canadian regulator oversees how it holds your crypto
Registered alternatives to Binance
Binance isn't registered with Canada's securities regulators. These three are, each picked for a different reason. See all 12 ranked
NDAX 9.3Strong A flat 0.20% on every trade at the order book price, with no spread on top. Investment dealer and CIRO member.
Opens the official NDAX site · Crypto is high risk
Wealthsimple 8.6Strong Crypto in the same app as your Wealthsimple accounts, with limit orders at a stated 0.5% and no spread.
Opens the official Wealthsimple site · Crypto is high risk
Shakepay 8.1Strong Bitcoin, Ethereum and USDC only, with no fee on Interac deposits or withdrawals from $5 to $10,000.
Opens the official Shakepay site · Crypto is high risk
Binance is one of the best-known crypto exchanges in the world, which is why so many Canadians search for it. But it isn’t registered to serve Canadians, and that matters more than its size.
What the register says
Crypto platforms that hold coins for Canadians have to be registered with the country’s securities regulators. As of 6 November 2026, 11 platforms are, and Binance isn’t one of them. It doesn’t appear on the list of registered platforms, the list of platforms that have dropped off, or the list of banned platforms. It simply isn’t part of Canada’s system.
You can see the full register, with screenshots, on our registered list.
What Binance told Ontario’s regulator
In March 2022, the Ontario Securities Commission published a statement about an undertaking Binance gave it. According to the OSC, Binance confirmed that activities involving Ontario residents had ceased, and committed to keep preventing any activities involving Ontario residents.
We couldn’t find a current Binance page that says whether it accepts sign-ups from the rest of Canada. Either way, it isn’t registered anywhere in the country.
Why registration matters for you
On a registered platform, a Canadian regulator sets rules on how your crypto is held, checks the firm’s finances and can step in if it breaks those rules. On an unregistered one, you’re relying entirely on the company’s own promises and on the laws of wherever it’s based. If the platform freezes withdrawals or collapses, there’s no Canadian regulator to complain to.
Registration doesn’t make crypto itself safe. Prices can still fall to zero. It just means the company holding your coins answers to someone in Canada.
The Binance app is still in the Canadian App Store
Being listed in an app store isn’t the same as being registered. On 10 November 2026, Apple’s Canadian App Store listed “Binance: Buy Bitcoin & Crypto” from Binance Switzerland AG, rated 4.6 from about 50,000 ratings. The listing doesn’t change Binance’s status: it still isn’t on the regulators’ register. Our crypto apps comparison lists the apps from platforms that are.
Registered alternatives
If you want an exchange that answers to Canadian regulators, these are the 11 registered platforms: Bitbuy (and its sister brand Coinsquare), Coinbase, Crypto.com, Fidelity Digital Assets, Kraken, NDAX, Netcoins, Newton, Shakepay, Wealthsimple and Webull. Our comparison of registered exchanges sets out their fees side by side.
Frequently asked questions
Is Binance banned in Canada?
Not formally. Binance isn’t on the list of platforms banned by Canadian regulators, which as of November 2026 names KuCoin and Poloniex. But it isn’t registered either, which means it isn’t authorized to hold crypto for Canadians.
Can I still use Binance from Canada?
Binance isn’t registered to serve Canadians, and it told Ontario’s regulator in 2022 that it had stopped dealing with Ontario residents. Using a VPN to reach a platform that blocks your province usually breaks its terms, and it can lead to your account being frozen.
What happens to my crypto if I already have it on Binance?
Check Binance’s own notices about your account, and consider moving your crypto to a wallet you control or to a registered Canadian platform. A Canadian regulator can’t help you recover funds from an unregistered platform.
Sources
Checked 6 November 2026.
- New Brunswick Financial and Consumer Services Commission, registered crypto asset trading platforms
- Ontario Securities Commission, crypto businesses registered in Ontario
- Ontario Securities Commission, statement on the undertaking given by Binance, March 2022
Update history
- Added a section on the Binance app in Apple's Canadian App Store, and linked our reviews of every registered platform.
- First published.
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