In this guide
- Our verdict
- Details
- Product details
- Frequently asked questions
- Your reviews
Wealthsimple Crypto review
Our verdict
Trade over 140 cryptos on an easy-to-use platform, but watch out for fees of up to 2%.
Wealthsimple Crypto lets you buy and sell over 140 cryptocurrencies. The Wealthsimple app and online trading platform are simple and straightforward to use too, so it’s quick and easy for beginners to get started. Best of all, you can manage your crypto holdings alongside your other Wealthsimple products, like a chequing account and your stock or ETF investing, in one place.
But Wealthsimple charges high trading fees of up to 2%. It also doesn’t support as many cryptos as some other platforms and lacks advanced features. That’s why it’s best suited to casual investors looking for a convenient entry point to the world of crypto.
Best for: Crypto newcomers looking for a simple trading platform.
Pros
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User-friendly platform
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First regulated crypto platform in Canada
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Trade 140+ cryptos
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You can also trade stocks, ETFs and options
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Regulated platform with insurance protection
Cons
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High trading fees of up to 2%
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Complicated fee structure
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2.5% instant cash withdrawal fee
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Some popular cryptos not supported
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Only allows you to stake 4 cryptos
In this guide
- Our verdict
- Details
- Product details
- Frequently asked questions
- Your reviews
Details
Product details
| Name | Wealthsimple Crypto |
| Deposit methods | Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Linked bank account, Bank transfer (Direct Deposit), Online wallet |
| Supported Cryptocurrencies | BTC, ETH, XRP, ADA, XLM, DOGE and 95+ more |
| Trading fee | 0.5%–2% |
| Withdrawal Fees | None |
| Fiat Currencies | CAD, USD |
What is Wealthsimple Crypto?
Wealthsimple Crypto is a cryptocurrency trading platform where you can buy and sell over 140 cryptocurrencies including Bitcoin, Ethereum and Solana. You can buy crypto on Wealthsimple using fiat currency, while the platform supports crypto-to-crypto swaps as well.
You can also stake crypto on Wealthsimple to earn rewards, but staking is only supported for four coins:
- Cardano (ADA)
- Ethereum (ETH)
- Polkadot (DOT)
- Solana (SOL)
Wealthsimple Crypto is available through the Wealthsimple app. You can also use the app to buy and sell stocks, ETFs, options and gold, plus manage other products like the Wealthsimple Chequing Account.
What cryptocurrencies can you trade with Wealthsimple?
You can trade over 140 cryptocurrencies with Wealthsimpl, but some notable assets are missing. Namely, Tether and TRON, which are in the top 10 cryptos by market cap at the time of writing. In total, 13 of the top 20 cryptos are available on Wealthsimple.
Popular crypto assets on Wealthsimple
- Bitcoin (BTC)
- Ethereum (ETH)
- BNB (BNB)
- XRP (XRP)
- USDC (USDC)
- Solana (SOL)
- Dogecoin (DOGE)
- Cardano (ADA)
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Stellar (XLM)
- Sui (SUI)
- Canton (CC)
- Tether (USDT)
- TRON (TRX)
- Monero (XMR)
- UNUS SED LEO (LEO)
- Hyperliquid (HYPE)
- Ethena USDe (USDe)
- Zcash (ZEC)
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- 0x (ZRX)
- 1inch (1INCH)
- Aave (AAVE)
- Aethir (ATH)
- Alchemy Pay (ACH)
- Algorand (ALGO)
- Ankr (ANKR)
- ApeCoin (APE)
- API3 (API3)
- Arbitrum (ARB)
- Arkham (ARKM)
- Avalanche (AVAX)
- Axie Infinity (AXS)
- Bancor (BNT)
- BandChain (BAND)
- Basic Attention Token (BAT)
- Berachain (BERA)
- Binance Coin (BNB)
- Bio Protocol (BIO)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Blur (BLUR)
- BONK (BONK)
- Bounce Token (AUCTION)
- Caldera (ERA)
- Canton (CC)
- Cardano (ADA)
- Cartesi (CTSI)
- Cat in a dogs world (MEW)
- Celestia (TIA)
- Celo (CELO)
- Chainlink (LINK)
- Chiliz (CHZ)
- Chromia (CHR)
- Compound (COMP)
- Convex Finance (CVX)
- Cosmos (ATOM)
- Coti (COTI)
- Curve (CRV)
- Decentraland (MANA)
- DIA (DIA)
- Dogecoin (DOGE)
- Dogwifhat (WIF)
- Drift (DRIFT)
- dYdX (DYDX)
- Eigenlayer (EIGEN)
- Ethena (ENA)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Ethereum Name Service (ENS)
- EtherFi (ETHFI)
- Fartcoin (FARTCOIN)
- Fetch.ai (FET)
- Filecoin (FIL)
- Floki (FLOKI)
- Gala Games (GALA)
- Gitcoin (GTC)
- Grass (GRASS)
- Goatseus Maximus (GOAT)
- Hedera (HBAR)
- Helium (HNT)
- Hyperliquid (HYPE)
- iExec RLC (RLC)
- Illuvium (ILV)
- Immutable X (IMX)
- Injective (INJ)
- Internet Computer (ICP)
- io.net (IO)
- JasmyCoin (JASMY)
- Jito Labs (JTO)
- Jupiter (JUP)
- Just a Chill Guy (CHILLGUY)
- Kusama (KSM)
- Kyber Network (KNC)
- Lido DAO (LDO)
- Liquity (LQTY)
- Litecoin (LTC)
- Livepeer (LPT)
- Loopring (LRC)
- Maple Finance (SYRUP)
- Mask Network (MASK)
- Memecoin (MEME)
- Mog Coin (MOG)
- Monad (MON)
- Moo Deng (MOODENG)
- Morpho (MORPHO)
- My Neighbor Alice (ALICE)
- NEAR (NEAR)
- Numeraire (NMR)
- Official Trump (TRUMP)
- Ondo Finance (ONDO)
- Onyxcoin (XCN)
- Optimism (OP)
- Origin Protocol (OGN)
- PancakeSwap (CAKE)
- Peanut the Squirrel (PNUT)
- Pendle (PENDLE)
- Pepe Coin (PEPE)
- Plasma (XPL)
- Plume (PLUME)
- Polkadot (DOT)
- Polygon (POL)
- Popcat (POPCAT)
- Pudgy Penguins (PENGU)
- Pump.fun (PUMP)
- Pundi X (PUNDIX)
- Pyth Network (PYTH)
- Quant (QNT)
- Raydium (RAY)
- Render Network (RENDER)
- Reserve Rights (RSR)
- Rocket Pool (RPL)
- Sei Network (SEI)
- Shiba Inu (SHIB)
- SKALE (SKL)
- Sky (SKY)
- Solana (SOL)
- Sonic (S)
- Spark (SPK)
- SPX6900 (SPX)
- Starknet (STRK)
- Stellar (XLM)
- Storj (STORJ)
- Succinct (PROVE)
- Sui (SUI)
- SuperRare (RARE)
- Superverse (SUPER)
- SushiSwap (SUSHI)
- Synthetix (SNX)
- Tellor (TRB)
- Tezos (XTZ)
- The Graph (GRT)
- The Open Network (TON)
- The Sandbox (SAND)
- THORChain (RUNE)
- Towns (TOWNS)
- TrueFi (TRU)
- Turbo (TURBO)
- Uma (UMA)
- Uniswap (UNI)
- USD Coin (USDC)
- Virtuals Protocol (VIRTUAL)
- Worldcoin (WLD)
- World Liberty Financial (WLFI)
- Wormhole (W)
- XRP Ledger (XRP)
- Yearn.finance (YFI)
- Yield Guild Games (YGG)
Wealthsimple fees
There are two factors that affect Wealthsimple Crypto trading fees:
- The amount of assets you hold with Wealthsimple
- Your trading volume over the past 30 days
The higher your client tier and the more you trade, the lower your fee will be.
But most casual crypto traders who have less than $100,000 in assets with Wealthsimple will pay a 2% fee on each trade. That’s expensive, and you’ll be able to find much lower fees elsewhere.
Check out the table below for a full breakdown of Wealthsimple’s trading fees.
| 30-day trading volume | Core ($1 in assets) | Premium ($100,000 in assets) | Generation ($500,000+ in assets) |
|---|---|---|---|
| <$1,000 | 2% | 1% | 0.5% |
| $1,000 – $9,999 | 1.5% | 1% | 0.5% |
| $10,000 – $49,999 | 1% | 1% | 0.5% |
| $50,000 – $99,999 | 0.75% | 0.75% | 0.5% |
| $100,000 – $499,999 | 0.5% | 0.5% | 0.5% |
| $500,000 – $999,999 | 0.25% | 0.25% | 0.25% |
| $1M – $4,999,999 | 0.15% | 0.15% | 0.15% |
| $5M – $9,999,999 | 0.10% | 0.10% | 0.10% |
| $10M+ | 0.05% | 0.05% | 0.05% |
It’s also worth noting that Wealthsimple charges staking fees. Fees are charged as a percentage of the staking rewards you receive, as follows:
- Core: 30%
- Premium: 30%
- Generation: 15%
Wealthsimple deposit methods
There are several ways to deposit funds into your Wealthsimple account:
- Cryptocurrency
- Bank transfer
- Interac e-Transfer
- Debit card
- Wire transfer
Pros and cons of trading crypto with Wealthsimple
Pros
- Instant deposits. Core clients can deposit up to $50,000 instantly and start trading straight away, while higher membership tiers can enjoy higher instant deposit limits.
- User-friendly platform. The Wealthsimple app offers a simple and streamlined user experience, so it’s easy for new investors to start trading crypto straight away.
- Trade 140+ cryptos. You can use Wealthsimple to trade over 140 cryptocurrencies, including the convenient option of buying directly with fiat currency.
- Wealthsimple features. You can also use the Wealthsimple app to trade other assets like stocks and ETFs, plus manage any other Wealthsimple products you have (like a chequing account or credit card).
- Regulated Canadian platform. Wealthsimple is a Canadian company and is a member of the Canadian Investment Regulatory Organization (CIRO), providing extra peace of mind for investors.
Cons
- High fees. Casual investors looking to dabble in the world of crypto face trading fees of up to 2%.
- Confusing fee structure. The trading fees that apply vary depending on your account level and your trading volume over the past 30 days.
- Other fees. You’ll also need to watch out for staking fees and instant withdrawal fees.
- No margin or leverage. Wealthsimple does not allow you to trade on margin or using any other form of leverage.
- Lack of support for some cryptos. Some of the world’s largest digital currencies are not available to trade with Wealthsimple, while you can also only stake four cryptos on the platform.
- No advanced features. If you’re an experienced trader looking for features like advanced order types, margin trading and technical analysis tools, you’ll need to consider other platforms.
How to create an account with Wealthsimple
Ready to start trading crypto with Wealthsimple? Here’s what you need to do.
Step 1: Create a Wealthsimple profile
You can sign up online or through the Wealthsimple app. Once you enter your email address and create a password, you’ll need to provide your name, contact details, date of birth, employment information and SIN.
Step 2: Open a crypto account
In the Accounts section of the Wealthsimple app, tap “Open or move account” and then “Open a new account”. Select “Crypto” and then follow the prompts to create a new account.
Step 3: Complete the loss limit survey
To meet regulations set by the Canadian Securities Administrators, Wealthsimple is required to collect information about your financial situation, trading experience and risk tolerance. The information you provide in this survey will determine the loss limits that apply to your account.
Step 4: Fund your account
You now need to deposit funds into your account so you can start trading. Wealthsimple supports crypto deposits, bank transfers, e-Transfers, debit card deposits, direct deposits and wire transfers.
Using the Wealthsimple app
The Wealthsimple app offers a slick and streamlined user experience. It’s easy to navigate straight away, and even crypto newcomers should have no trouble working out how to open and fund an account and buy crypto.
You can use the app to buy, sell and stake your crypto, and in-app crypto swaps are also available. The process of transferring coins to and from your Wealthsimple account is simple and straightforward too. But if you want features like advanced trading tools and charts, you’ll need to consider other options.
Wealthsimple app store reviews
Google Play app reviews3.5/5 stars based on 80,000+ reviews
| Google Play app reviews | 3.5/5 stars based on 80,000+ reviews |
| Apple App Store app reviews | 4.6/5 stars based on 127,000+ reviews |
* Reviews as of January 18, 2026
Is Wealthsimple safe?
Wealthsimple promotes itself as Canada’s first regulated crypto platform. It is a member of the Canadian Investment Regulatory Organization (CIRO) and is listed by the Canadian Securities Administrators as a crypto platform authorized to do business with Canadians. Cash (not crypto) in your account is insured up to specified limits by the Canadian Investor Protection Fund (CIPF).
Most coins held on the platform are held in trust in offline cold storage with three custodial partners:
- Tetra Trust Company—Calgary, Canada
- Coinbase Custody Trust Company LLC—New York, USA
- BitGo Trust Company Inc.—South Dakota, USA
Each of these custodial partners has more than $75 million of insurance coverage. Other coins (up to 20% of clients’ crypto assets) are stored with Wealthsimple in hot wallets and are also protected under a partnership with Coincover.
Finally, Wealthsimple also has a range of other security measures in place to help keep your funds safe. These include support for two-factor authentication, 256-bit encryption, and a full-time security team.
It’s worth noting that Wealthsimple did announce a data breach as a result of a supply chain attack in September 2025. A software package written by a third party was compromised and the personal information of a small amount of customers was affected, but no funds were stolen.
Keeping your crypto safe
All centralized exchanges, including Wealthsimple, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We’ve shared some of our top picks below.
Wealthsimple customer support
If you need help with your account, you can access Wealthsimple live chat support 24/7 online or via the app. There’s also a Help Centre where you can find answers to frequently asked questions and solutions to common problems.
However, there are no phone contact details provided on the platform’s Contact Us page.
Alternatives to Wealthsimple
Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
Frequently asked questions
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No. While Wealthsimple is a CIPF member, crypto assets are not included in CIPF coverage. However, cash held in your crypto account is covered by CIPF.
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There are both pros and cons to buying crypto with Wealthsimple. On the plus side, the platform is regulated in Canada, easy to use and offers a convenient way for beginners to buy crypto. However, it has high trading fees and lacks advanced trading features, and it doesn’t support as many cryptos as other exchanges. So if you’re an experienced trader or just looking for the lowest fees, you might want to consider other options.
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Wealthsimple supports crypto market orders and limit orders.
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Yes, you can sell crypto on Wealthsimple at any time. Do so by logging into the app, navigating to the Invest tab and then to Holdings. Choose the crypto you want to sell, tap Trade and then Sell, then choose your order type and enter the details of your transaction.
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Yes, Wealthsimple allows you to buy and sell Bitcoin online or via its mobile app.
Sources
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Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
Your reviews
Evan Jones was a writer for Finder. Evan was introduced to cryptocurrency during the 2017 bull market and has been writing about it full-time since 2019. Having already completed a degree in history, he has completed an editing certificate. See full profile
Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full profile