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.
Register an account with Bitbuy.
Enable your 2 Factor Authentication for security of your Bitcoins
Deposit Canadian Dollars or US Dollars into your account via your TD Trust account
Go to 'Trade' and select 'Bitcoin'
Input the amount of Bitcoin you want to buy in Canadian Dollars (CAD)
Verify your personal or company account details in Canada
Preview your order and buy Bitcoin
Bitbuy is Canada's largest and most trusted Bitcoin and cryptocurrency exchange that offers an easy to use platform that simplifies trading of digital assets. Their fees are by far the lowest in Canada and offer great security, managed wallets and fast deposits via Interac e-Transfer.
They are the best alternative for WealthSimple Crypto users looking to switch to a cheaper and more efficient cryptocurrency exchange that is based in Canada.
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