HomeCanada > Wealthsimple

Can you buy Bitcoin and crypto with Wealthsimple?

Summary: Wealthsimple is an expensive way for Canadians to buy Cryptocurrency, so you should avoid this platform at all costs.

David Cohen

Editor at Buy Bitcoin Finder

Can I Buy Crypto with Wealtsimple?

Wealthsimple Crypto is one of the largest Bitcoin and cryptocurrency investment platforms in Canada. Their easy to use exchange enables users to buy and sell only Bitcoin and Ethereum 24/7 via their intuitive Wealthsimple Trade app.

While it is undoubtedly easy to use, the Wealthsimple Crypto Fees are some of the highest in the industry. Their platform charges a minimum of 1.5-2% in fees per transaction, which is extremely expensive compared to other exchanges in Canada.

For example, with Wealthsimple Crypto - if you were to buy $1,000 of Bitcoin, you would be charged $10.

Other secure Canadian exchanges like Bitbuy offer much more competitive fees starting at 0.1-0.2% making it literally 10X cheaper. They also offer many more cryptocurrencies like Litecoin, Dogecoin, XRP and more.

Buy Crypto with Bitbuy