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Wealthsimple Crypto review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Wealthsimple crypto is a Canadian mobile exchange for investors who want crypto inside an app that already covers other investing. Trading costs a taker fee of 0.5% and the same maker fee, the app itself costs CAD 0, and every coin is held custodially by the platform.

Key facts

Best for
Canadian investors wanting a low fee custodial exchange inside a mobile investing app.
Taker fee
0.5%↗
Coins listed
from 170↗
Regulators
Canadian Investment Regulatory Organization (CIRO), Ontario Securities Commission, Money services business registration under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)↗
Fiat deposit methods
Card, Bank↗
Maker fee
0.5%↗
Withdrawal fee
No Wealthsimple withdrawal fee; blockchain network fee only↗
Derivatives
Yes↗
Exchange type
Cex↗
Legal entity
Wealthsimple Investments Inc.↗
Headquarters
Canada↗
Founded
2014↗
Support channels
Chat, Phone, Email, Help-centre↗
Features
Custodial, Staking
Official website
wealthsimple.com

Crypto wallets

Wallet type
Mobile↗
Price
CA$0↗
Custody
Custodial↗
Coins supported
from 170↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Taker fees of 0.5% come in under eToro at 1% and Vivid Plus at 2.25%.
  • Support runs through chat, phone and email, covering phone and chat as well as email and a help centre.
  • Canadian registrations are in place: the Canadian Investment Regulatory Organization, the Ontario Securities Commission and money services business registration.
  • Staking sits among custodial and staking, so coins can earn on the platform without moving to a separate wallet.

Cons

  • Custody is custodial, so the coins sit with Wealthsimple Investments Inc. rather than with the account holder.
  • Fiat deposits run through card and bank only, and SEPA transfer is not among the listed methods.
  • Derivatives are offered, so the account carries a wider set of instruments and the risk that comes with them.
Wealthsimple Crypto

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Scored 9.1 / 10 by SumCue.

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Who it suits

  • Canadian investors who already hold a Wealthsimple account for other investing.
  • People who want staking on a custodial balance rather than a self custody wallet.
  • Traders who can live with a taker fee of 0.5% on every trade.

Who should look elsewhere

  • Fee first traders, since bunq charges 0.25% to 1.99% and Vivid Plus charges 2.25%.
  • Anyone who wants to hold their own keys, because custody here is custodial.
  • People trading outside Canada, since Wealthsimple Investments Inc. and the listed regulators are all Canadian.

How Wealthsimple Crypto compares

Where Wealthsimple Crypto is available

Available
Canada
Licence in Canada
Canadian Investment Regulatory Organization (CIRO), checked September 26, 2026
Licence in Canada
Ontario Securities Commission (Exemptive relief decision In the Matter of Wealthsimple Investments Inc. dated December 18, 2023), checked September 26, 2026
Licence in Canada
Money services business registration under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to trade crypto on Wealthsimple?+

Trading costs a taker fee of 0.5% and a maker fee of 0.5%, the same rate for buying and selling, and the app costs CAD 0. On small balances that rate takes a real share of the position, so it matters how often you trade.

Is there a fee for taking crypto off the platform?+

The withdrawal fee is listed as No Wealthsimple withdrawal fee; blockchain network fee only, so a transfer out costs the blockchain network fee and whatever conditions on that network look like at the time. Timing a withdrawal can therefore change what the transfer costs.

Who actually holds the coins?+

Custody is custodial, so Wealthsimple Investments Inc. holds the coins rather than the account holder. That keeps keys on the platform side and lets staking run on the same balance, but it adds a counterparty to every position.

Which regulators oversee Wealthsimple crypto?+

Canadian registrations apply: the Canadian Investment Regulatory Organization, the Ontario Securities Commission, and money services business registration under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The Ontario Securities Commission has also granted exemptive relief to Wealthsimple Investments Inc..

How do you fund the account with fiat money?+

Funding runs through card and bank, so a bank transfer or a card both work from the same account. Support covers chat, phone and email if a transfer is slow or a card is declined, and the exchange type is centralised, so balances sit with the platform.

How many coins can I buy?+

The coin list covers from 170 assets, and the same figure is given for supported coins, so that is the level of choice on offer. A taker fee of 0.5% applies on top of that choice whenever you buy or sell.

Which platforms and apps can I trade on?+

The wallet type is mobile, so trading, balances and staking all sit in the phone app rather than a desktop terminal. The exchange type is cex, a centralised exchange, and derivatives are offered alongside spot buying.

Where is the service available?+

The company is based in Canada and every regulator listed is Canadian, so the account starts from a Canadian base rather than a European one. Funding and support both run through Canadian channels, including chat, phone and email.

How risky is crypto trading here?+

Losses are common in crypto trading. Across the exchanges compared here, the median retail loss rate is 70.15%, and a custodial setup means the platform is a counterparty as well as the market moving against you.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

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