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Both NDAX and Wealthsimple are popular options for Canadians looking to buy and sell cryptocurrency. Here's how they compare on the metrics that matter most.
Direct Fee Comparison
| Feature | NDAX | Wealthsimple |
|---|---|---|
| Trading Spread | ~0.20% flat trading fee | ~1.50% - 2.00% (Core) / 0.50% (Generation) |
| Deposit (Interac) | $0 | $0 |
| Crypto Withdrawal | 0.0001 BTC flat | Network fee |
| Regulation | Alberta Securities Commission (ASC) / CSA Restricted Dealer | Canadian Investment Regulatory Organization (CIRO) / CSA |
| Best For | Active traders and large volume orders ($3,000+) seeking lowest spread | Unified investing with stocks, ETFs, TFSA, RRSP, and crypto in one app |
| Signup Bonus | $10 CAD → | $25 CAD → |
Who Should Pick NDAX?
NDAX is best for active traders and large volume orders ($3,000+) seeking lowest spread. It's headquartered in Calgary, AB and has been operating since 2018.
Who Should Pick Wealthsimple?
Wealthsimple is best for unified investing with stocks, etfs, tfsa, rrsp, and crypto in one app. It's headquartered in Toronto, ON and has been operating since 2014.
Final Recommendation
- Choose NDAX if you prioritize active traders and large volume orders ($3,000+) seeking lowest spread.
- Choose Wealthsimple if you prioritize unified investing with stocks, etfs, tfsa, rrsp, and crypto in one app.