REVIEWS

Wealthsimple Crypto Review (2026)

By • • Why Trust Us?
Who writes this: Every review on this site is written by Max Hamburger (pseudonym / sudo anon), an independent Canadian cryptocurrency researcher actively tracking and evaluating platforms since 2018.
How we test: We sign up for real accounts, deposit Canadian dollars ($CAD) via Interac e-Transfer, execute real trades to calculate true spread markups, and test withdrawal times to cold hardware wallets.
Affiliate disclosure: Some links are affiliate links. If you sign up through one, we may earn a commission at no cost to you. This never influences our ratings or fee math. Full disclosure.
Pricing accuracy: Fee schedules and spreads are manually verified against live Canadian order books. Check the verification date on each review for the last confirmed check. Editorial policy.

Wealthsimple is Canada’s largest digital wealth platform with over $30 billion in assets under management. Built directly into the Wealthsimple mobile app, Wealthsimple Crypto allows Canadians to buy, sell, and stake Bitcoin, Ethereum, and 60+ altcoins alongside stocks, ETFs, and high-interest cash accounts.

If you already use Wealthsimple for investing or tax filing, buying crypto inside the same ecosystem is extremely seamless. New accounts can get a cash welcome bonus with a Wealthsimple referral code.

Key Specifications

  • Regulation: First crypto platform in Canada to receive a Restricted Dealer license from the Ontario Securities Commission (OSC) and Canadian Securities Administrators (CSA).
  • Custodian: Sub-custody held with insured institutional custodians Gemini Trust Company LLC and Coinbase Custody.
  • Deposit Options: Free Interac e-Transfer, linked Canadian bank accounts, and instant deposits up to $5,000.
  • Trading Fees: Built-in 1.50% to 2.00% operational spread per trade (reduced to 1.0% for Premium clients with $100K+ and 0.5% for Generation clients with $500K+).
  • Withdrawals: On-chain cryptocurrency withdrawals to personal hardware wallets are fully supported with dynamic network gas fees.

Pros & Cons

Pros

  • All-in-one integration with Canadian banking, TFSA, RRSP, and stock trading.
  • Institutional-grade regulatory compliance and strict cold storage security.
  • Instant deposits from Canadian bank accounts.
  • Clean, intuitive mobile app for iOS and Android.

Cons

  • Trading spreads (1.5% - 2.0%) are higher than dedicated order-book exchanges like NDAX (0.2%) or Kraken (0.16%).
  • Does not offer advanced order types (limit orders, stop-loss) for active day traders.

Wealthsimple vs Dedicated Canadian Crypto Exchanges

Platform Spread / Fee Free Withdrawals Staking Support Best For
Wealthsimple 1.5% - 2.0% Dynamic Network Fee Yes (ETH, SOL, ADA) All-in-one portfolio convenience
Shakepay 1.0% - 2.0% 100% Free (Covered) No Beginners & Daily Bitcoin DCA
Newton 0.75% - 1.5% First $5 Covered No Low spreads on 70+ coins
NDAX 0.20% flat Flat CAD fee Yes Lowest trading fee in Canada

To compare all Canadian options, visit our Best Crypto Exchanges in Canada Guide and our Canadian Crypto Sign-Up Bonus Directory.