{"id":988257,"date":"2022-07-18T13:23:11","date_gmt":"2022-07-18T17:23:11","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=988257"},"modified":"2026-02-03T05:34:16","modified_gmt":"2026-02-03T10:34:16","slug":"bitbuy-vs-wealthsimple","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/bitbuy-vs-wealthsimple","title":{"rendered":"Bitbuy vs. Wealthsimple: Which crypto platform is better?"},"content":{"rendered":"

Wondering which online crypto exchange has the edge when it comes to Bitbuy or Wealthsimple? Bitbuy is a great introductory exchange with more advanced features if you want them, but its fees are on the high side. While Wealthsimple has created an easily accessible platform, it\u2019s a relative newcomer to the crypto space. Here\u2019s our Bitbuy vs. Wealthsimple breakdown to help you choose the platform that\u2019s right for you.<\/p>

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\n Disclaimer:<\/b> This information should not be interpreted as an endorsement of cryptocurrency or any specific\n provider, service or offering. It is not a recommendation to trade.\n <\/div>\n<\/div>\n

Bitbuy vs. Wealthsimple: Supported coins<\/h3>

One of the main differences between Bitbuy<\/a> and Wealthsimple<\/a> is the range of supported cryptocurrencies. Bitbuy focuses primarily on popular coins like Bitcoin, Ethereum and a few altcoins, supporting 65 coins in total.<\/p>

Wealthsimple, on the other hand, offers a broader selection of some of the best cryptocurrencies<\/a>, including Bitcoin, Ethereum and Solana, with over 140 coins available.<\/p>

\"AwardWho\u2019s the winner?<\/h4>

Wealthsimple <\/strong>for offering a broader range of cryptocurrencies.<\/p>

Bitbuy vs. Wealthsimple: Fees<\/h3>
Fee type<\/th>Bitbuy<\/th>Wealthsimple<\/th><\/tr><\/thead>
Minimum deposit<\/td>$50<\/td>$1<\/td><\/tr>
Trading fees<\/td>
  • Bitbuy Trade: 0.5%\u20131.85% (up to 3.85% in extreme conditions)<\/li>
  • Bitbuy Pro: Maker 0.50%, Taker 0.50%<\/li>
  • OTC: Spread: 0.5%\u20131.85% (up to +2% in low liquidity)<\/li><\/ul><\/td>
  • Baseline trading fee: Core 2%, Premium 1%, Generation 0.5%<\/li>
  • Volume-based fee: 0.05%\u20132%, depending on 30-day trading volume<\/li><\/ul><\/td><\/tr>
Staking fees<\/td>Up to 30% of staking rewards<\/td>
  • Core and Premium: 30%,<\/li>
  • Generation: 15%<\/li><\/ul><\/td><\/tr>
Deposit fees<\/td>None<\/td>None<\/td><\/tr>
Withdrawal fees<\/td>
  • Interac e-Transfer: 0%<\/li>
  • Direct bank deposits: 1.5%<\/li>
  • Wire transfer: 1.5%<\/li><\/ul><\/td>
Varies by crypto and fiat<\/td><\/tr>
Get started<\/td>

Bitbuy:<\/p>

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\r\n \r\n Go to site\r\n <\/a>\r\n\r\n <\/div>\r\n <\/section><\/p><\/td>

Wealthsimple:<\/p>

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\r\n \r\n Go to site\r\n <\/a>\r\n\r\n <\/div>\r\n <\/section><\/p><\/td><\/tr><\/tbody><\/table>

\"AwardWho\u2019s the winner?<\/h4>

Wealthsimple<\/strong> for casual traders as its baseline trading fees are lower, but Bitbuy <\/strong>for advanced traders using Bitbuy Pro, as its fees are competitive and better suited for high-volume or active trading strategies.<\/p>

Bitbuy vs. Wealthsimple: Canadian regulatory bodies<\/h3>

Both Wealthsimple and Bitbuy are members of the Canadian Investment Regulatory Organization (CIRO) and are registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as Money Services Businesses (MSBs).<\/p>

However, Wealthsimple Crypto operates under a Canadian Securities Administrators (CSA) relief, allowing crypto trading through the Wealthsimple app without full registration as a crypto marketplace. This means the platform is regulated like a traditional broker rather than a marketplace, so it must follow brokerage rules.<\/p>

Bitbuy operates under Coinsquare Capital Markets Ltd (CCML) and is fully registered with both the Ontario Securities Commission (OSC) and recognized by the CSA as Canada\u2019s first registered crypto marketplace. This gives Bitbuy a higher level of regulatory oversight.<\/p>

\"AwardWho\u2019s the winner?<\/h4>

Bitbuy.<\/strong> It\u2019s a fully regulated crypto trading platform, while Wealthsimple operates under broker oversight with limited regulatory relief.<\/p>

Bitbuy vs. Wealthsimple: Crypto purchase limit<\/h3>

Bitbuy sets no crypto purchase limit for Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Here are Bitbuy\u2019s annual purchase limits for all other cryptocurrencies:<\/p>