Binance is one of the largest centralized exchanges, where traders can access over 400 crypto assets, complete high-volume transactions with low slippage, and navigate multiple blockchains without bridging assets. 

While these are features that all crypto traders want in an exchange, Binance is not available in Canada. This means that if you are a Canadian or reside in Canada, you cannot create a Binance account, complete verification, or execute crypto trades on Binance without facing considerable risks. 

 

Quick Overview

Your situation	Platform typically used
Canadian resident who wants a regulated centralized exchange	Coinbase
Canadian who wants derivatives or higher flexibility	AsterDEX or Apex Omni
Non-Canadian temporarily visiting Canada with an existing account elsewhere	Access may work with a VPN, but it can violate Binance's terms

 

Why Is Binance Not Operating in Canada?

Before 2023, Binance was accessible to many Canadian residents, and users in several provinces were able to open accounts and complete identity verification. However, increasing requirements from Canadian securities regulators made it difficult for the exchange to continue operating under the new compliance expectations.
 

Regulatory pressure began earlier, with Ontario authorities taking action first. Over time, the environment expanded nationwide as regulators introduced stricter rules for crypto trading platforms, particularly around registration, investor protection, and stablecoin policies.
 

In May 2023, Binance announced it would withdraw from the Canadian market. After this exit, residents of Canada were no longer able to open new accounts, and access to trading services became restricted, although some users were still able to log in temporarily to manage or withdraw existing funds.

 

How Can I Access Binance From Canada?

Binance is not authorized to provide trading services to residents of Canada and does not operate a dedicated Canadian platform. Because of this, opening a new account or actively trading from within the country is generally restricted.
 

In practice, users typically consider two paths:

Option 1: Attempt temporary access with a VPN if they are non-residents visiting Canada.
Option 2: Use alternative exchanges that accept Canadian users.
 

For traders who want derivatives or fewer regional limitations, decentralized platforms such as AsterDEX are often explored. AsterDEX is a decentralised exchange backed by Binance. 

 

Option 1: Access Binance in Canada with a VPN

This option is generally considered by traders who are not Canadian residents but are staying in Canada for a short period of time. In other words, you are visiting and expect to return to your home country, where Binance is normally available, after your trip.
 

If you fall into this category, some users try to access their accounts through a VPN connected to their home jurisdiction.
 

However, it is important to understand that bypassing geographic restrictions can violate Binance’s Terms of Service and may expose the account to risks if detected. In certain cases, the exchange can restrict trading, pause withdrawals, or place the account under review. Because the controls are location-based, they apply to anyone accessing Binance from within Canada.
 

Tip: If you already have a verified Binance account and know you will be traveling, many traders prefer to reduce uncertainty by moving funds to platforms that remain accessible from Canada. Decentralized venues such as AsterDEX or Apex Omni are often used because they follow a different access model.
 

For Canadian residents, relying on a VPN for extended periods increases the chance of additional compliance checks.
 

Summary: While temporary access might be possible for some visitors, it comes with limitations and account risk. Planning and considering alternative platforms can help avoid disruptions.

Want to get started on AsterDEX? Join using our affiliate link and receive 4% discount on your fees

 

 

Option 2: Explore alternatives to Binance in Canada. 

While option 1 provides non-Canadians with a good solution for using Binance in Canada if they are staying temporarily, Canadians do not have such an option. However, there are alternatives to Binance to explore. These are: 

 

Using Another Centralized Exchange 

Traders in Canada can explore other centralized exchanges sharing similar features with Binance. The most popular option for Canadians is Coinbase. Coinbase ranks as the second-largest crypto exchange in the world, right after Binance, according to CoinMarketCap. Another notable option is BitBuy, a Canadian-only centralized exchange. 

Note that Coinbase and BitBuy trading services are highly restricted by the Canadian Securities Administrators (CSA) rules on stablecoins and investor limits. Therefore, activities are limited to spot trading, earn products, and stablecoin rewards. Also, you may be subjected to a $30,000 net purchase limit for specific cryptocurrencies in 12 months, depending on where you are based. 

Summary: Centralized exchanges in Canada usually operate within regulatory limits, which often means access is focused on spot trading, while products such as futures, margin, or higher leverage may be unavailable. Depending on the province, purchase limits can also apply to certain assets.

Using Decentralized Exchanges: AsterDEX

For users who want full access to crypto trading without any limitations, using AsterDEX is the best alternative to Binance. AsterDEX is a decentralized exchange that is backed by Binance and designed for spot and perpetual trading. 
 

Unlike a regular decentralized exchange, Aster offers advanced trading features, deep liquidity, and low trading fees, giving traders a CEX-like experience without the hassle of KYC verification or location barriers. This means you can access AsterDEX from anywhere in the world without completing identity verification. 
 

Ready to trade on AsterDEX? Sign up with our affiliate link for a 4% discount on all trading fees.

 

 

 

Step-by-Step Guide on How to Set Up Asterdex

Step 1: Visit the official exchange website with our affiliate link to access to 4% fee discount 

Step 2: Connect your third-party wallet. To do this, click on 'Connect wallet' on the Aster interface.

AsterDEX supports only 4 blockchains (BNB Chain, Ethereum, Arbitrum, and Solana), so you want to use a third-party wallet that supports any or all of those chains. MetaMask will be a good multi-chain wallet here, but you can also use blockchain-specific wallets like Rabby for Arbitrum and Ethereum, or Phantom for Solana.

Step 3: After that, Aster prompts you to confirm that you want to connect the wallet by asking you to sign a pop-up message. Click on the sign to validate the connection.

Step 4: To start trading, transfer assets from the connected wallet to Aster by clicking 'deposit', then select to deposit into your spot or perpetual account, and choose your preferred blockchain.

Note: You need to pay the gas fee for this transaction, so keep a small amount of the blockchain-native coin or gas coin. For instance, you pay gas fees in $ETH on Ethereum, and on the BNB chain, you pay in $BNB.

Step 5: Sign the transfer transaction, then click 'enable trading' on Aster to get started.

Finally, you can now set trading conditions, such as margin type and leverage, to start trading. 
 

Key Features: Why AsterDEX is the best alternative to Binance

• Multi-chain access
• Up to 1001x leverage
• Zero gas fees on BNB Chain
• Offer spot and perpetual trading
• Lower trading fee (0.01% Maker fee/ 0.035% Taker fee) 
   

Tip: When you use our affiliate link to sign up, you'll get an extra 4% discount on your fees.

 

Conclusion

Although residents of Binance cannot access its services from Canada, there are still plenty of solid alternatives available. Many decentralized exchanges now support both spot and perpetual trading, meaning traders can still find most of the tools they are used to on large international platforms.
 

Another advantage is custody. When using a DEX, you remain in control of your own funds rather than relying on a company to hold them. At the same time, this also means you are responsible for managing your wallet and transactions correctly.
 

If you want to explore additional trading features, you can look into platforms like AsterDEX, which offer tools such as grid trading and tokenized markets.
 

Still unsure which decentralized exchange fits you best? We compare the best decentralised exchanges for 2026 in a separate guide so you can choose the platform that matches your trading style.

 

Overview: 
 

Your situation	What most traders use
Want a regulated, beginner-friendly platform with fiat support	Coinbase or Bitbuy
Want futures or more flexible trading conditions	AsterDEX or Apex Omni
Visiting Canada but already have an account elsewhere	Access might work temporarily, but it can conflict with Binance rules

 

 

Frequently Asked Questions

Is Binance legal to use in Canada in 2026?

Owning an account is not illegal, but Binance is not authorized to provide trading services to Canadian residents. After the exchange exited the market in 2023, access to trading from within Canada became restricted, although some users have been able to log in temporarily to manage or withdraw existing balances.

 

Can Binance ban my account if I use a VPN in Canada?

Accessing the platform from a restricted location can violate Binance’s Terms of Service. If detected, the exchange may limit trading, pause withdrawals, or place the account under review.

 

Can I withdraw money from Binance to a Canadian bank?

Direct withdrawals to Canadian banks are generally not supported. Users typically move assets to another platform that offers local banking integrations before converting to fiat.

 

What are the alternatives to Binance in Canada?

Traders often consider regulated centralized exchanges such as Coinbase or Bitbuy for spot markets. Others who want broader product access may explore decentralized platforms like AsterDEX or Apex Omni.

 

Related Articles: 

- How to use Bybit in Canada? 
- How to Use Binance in the US – What Works & Best Alternatives
- How to check if a crypto exchange is legit (DEX & CEX Safety Checklist)