{"id":1077739,"date":"2026-05-26T14:22:04","date_gmt":"2026-05-26T18:22:04","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1077739"},"modified":"2026-05-26T16:25:42","modified_gmt":"2026-05-26T20:25:42","slug":"kraken-vs-wealthsimple","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/cryptocurrency\/kraken-vs-wealthsimple","title":{"rendered":"Kraken vs Wealthsimple: Which crypto platform is better?"},"content":{"rendered":"
Kraken and Wealthsimple are two popular options if you want to trade crypto in Canada. Kraken is a global exchange that operates in over 190 countries, while Wealthsimple is a Canadian fintech. Both offer an easy way to buy and sell crypto online, but which one is better? Let\u2019s compare Kraken vs Wealthsimple head-to-head to find out.<\/p>
<\/p>
Kraken vs Wealthsimple: Supported coins and tokens<\/h3>
<\/div>4.7\/5 based on 24,000+ reviews (Kraken Pro)<\/td>
4.6\/5 based on 128+ reviews<\/td><\/tr>
Google Play rating<\/td>
4.2\/5 based on 51,800+ reviews (Kraken)
<\/div>4.6\/5 based on 48,000+ reviews (Kraken Pro)<\/td>
3.4\/5 based on 80+ reviews<\/td><\/tr><\/tbody><\/table>
* Ratings as of 28 May 2026.<\/small><\/p>
Who\u2019s the winner?<\/h4>
Kraken.<\/strong> Both providers offer user-friendly mobile apps, but Kraken\u2019s apps have higher average user ratings.<\/p>
Other features we like about Kraken vs Wealthsimple<\/h3>
Staking<\/h4>
Kraken lets you stake over 20 cryptos, allowing you to generate returns from a wide range of holdings. Flexible staking ensures that you can access your tokens whenever you need, or you can lock your tokens away with bonded staking to earn higher rewards.<\/p>
Staking is also available through Wealthsimple, but only with 4 cryptos: Cardano (ADA), Ethereum (ETH), Polkadot (DOT) and Solana (SOL).<\/p>
Other assets and investments<\/h4>
One key difference between Kraken and Wealthsimple is that while Kraken is crypto only, Wealthsimple allows you to invest in a variety of other assets. It offers commission-free trading of Canadian and US stocks and ETFs, plus you can trade options and invest in physical gold.<\/p>
Wealthsimple also provides access to a range of diversified ETF portfolios with its robo advice service, and offers other financial products like a chequing account and credit card.<\/p>
Recurring buys<\/h4>
Kraken and Wealthsimple both allow you to set up recurring investments. This allows you to adopt a dollar-cost averaging strategy and automatically buy crypto on a regular schedule. Both platforms allow you to choose from a daily, weekly, biweekly or monthly schedule.<\/p>
Membership<\/h4>
Kraken+ is a US$4.99\/month membership program that provides you with a range of perks and benefits. These include waived fees on up to $10,000 worth of trades per month, access to exclusive airdrops and priority support.<\/p>
Wealthsimple does not offer a membership program.<\/p>
Customer support<\/h4>
One of the key features of Kraken is that users can access customer support 24\/7. Advanced traders get priority support as part of the Kraken Account Management program, allowing them to access a personal account manager when needed.<\/p>
Wealthsimple also offers 24\/7 live chat support, and it has a useful online help centre where you can find answers to commonly asked questions.<\/p>
What does Reddit think of the Kraken vs Wealthsimple debate?<\/h3>
Browse crypto Subreddits and you\u2019ll always find plenty of conflicting opinions about which crypto exchange is best. As for the Kraken vs Wealthsimple debate, both platforms have a reputation on Reddit as legit and safe exchanges.<\/p>
Users point out that Kraken offers much lower trading fees, so buying crypto on Wealthsimple comes at a high cost. But some users point out a key benefit of Wealthsimple is that it lets you trade stocks and ETFs too, so you don\u2019t have to worry about the time and hassle of opening accounts on separate platforms if you want to trade multiple assets.<\/p>
Who\u2019s the final winner?<\/h3>
Kraken is the winner.<\/strong> It offers more cryptos, lower fees and more trading tools.<\/p>
However, that doesn\u2019t necessarily mean it\u2019s a better choice for you than Wealthsimple. If you also want to trade stocks and ETFs or use a Wealthsimple Chequing Account or credit card, you can manage all your crypto and other financial products in a single app.<\/p>
Wealthsimple is also a good choice if you\u2019re just searching for a quick and easy way to buy crypto.<\/p><\/div><\/article>
Alternatives to Kraken and Wealthsimple<\/h3>
Still not convinced that either Kraken or Wealthsimple is right for you? Check out these alternative exchanges.<\/p>
![\"Wealthsimple](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/05\/Wealthsimple-vs-Kraken_Finder_1200x300.jpg\" "\\"Image:")
<\/p>![\"Award](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/07\/Award-Icon-2_Supplied_500x500.png\" "\\"Image:")
Who\u2019s the winner?<\/h4>