Wealthsimple Crypto review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Wealthsimple Crypto suits Canadian beginners who want to buy, hold and stake in the same account, run by a registered Canadian operator with a flat fee that keeps the maths simple. Trading costs 0.5% on both sides and from 170 coins are listed, so it rewards steady holders more than active traders.
Key facts
- Best for
- Canadian residents who want buying, holding and staking handled in one regulated account rather than several services.
- 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↗
- Support channels
- Chat, Phone, Email, Help-centre↗
- Features
- Custodial, Staking
- Official website
- wealthsimple.com
Pros and cons
Pros
- The crypto service runs through Wealthsimple Investments Inc., registered with Canadian Investment Regulatory Organization (CIRO), Ontario Securities Commission and Money services business registration under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada).
- Withdrawals add nothing at platform level, only the blockchain network fee, while trading runs at 0.5% on both sides.
- Staking pays 5% and covers Ethereum (ETH), Solana (SOL) and Cardano (ADA).
- Support runs on chat, phone and email.
Cons
- Taker fees of 0.5% leave it near the back of the field on cost, at rank 84 of 118.
- Custody is custodial, so anyone wanting to hold their own keys has no route to self-custody through this account.
- Lock-up terms set a minimum staking time per asset plus a protocol cool-down before unstaking completes.
Who it suits
- Canadian beginners who want buying, holding and staking handled in a single place.
- Holders who plan to keep coins for a while and let 5% staking income accrue alongside them.
- People who move coins on and off often and only want to cover the blockchain network fee when they withdraw.
Who should look elsewhere
- Active traders who care most about fees: ActivTrades charges a taker fee of 0%.
- Buyers who want broader coin coverage: Bitpanda lists from 650 coins.
- Traders who want a lower starting fee: bunq taker fees run 0.25% to 1.99%.
How Wealthsimple Crypto compares
9.1 vs 9.5- 9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.7A taker fee of 0% is the cheapest way to trade in this group, so it suits active flow rather than staking and holding.
9.1 vs 9.4
9.1 vs 9.6
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.0
9.1 vs 8.2
9.1 vs 8.2
9.1 vs 9.7
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 8.6
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
How much does it cost to trade on Wealthsimple Crypto?+
Taker fees are 0.5% and maker fees are 0.5%, charged as a single flat rate on both sides rather than a volume tier. Easy to read on a statement, but with no tiers there is little room to bring the rate down as volume grows.
What fees apply when I move money in and out?+
Funding runs by card or bank transfer, listed as card and bank. Taking coins out costs nothing at platform level; the only charge is the blockchain network fee on that coin's chain, and that network cost moves with the coin. Trading on the same account runs at a taker fee of 0.5%.
Who regulates Wealthsimple and what covers the account?+
The crypto service runs through Wealthsimple Investments Inc., registered with Canadian Investment Regulatory Organization (CIRO), Ontario Securities Commission and Money services business registration under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada). The Ontario Securities Commission has also issued an exemptive relief decision for that entity. The crypto balance itself is held in custodial custody, so the keys sit with the platform.
Which coins can I buy, and which can I stake?+
The trading screen lists from 170 coins, a wide spread of majors and smaller tokens. Staking is narrower, covering Ethereum (ETH), Solana (SOL) and Cardano (ADA), so the yield product applies to those names only, and each one carries its own minimum staking time.
How do I get help if something goes wrong?+
Support runs on chat, phone and email, which covers chat, phone, email and a help centre. Phone and chat suit a transfer that looks stuck, while the help centre holds the longer answers on staking, fees and account type.
What yield does staking pay, and can I unstake freely?+
Staking pays 5%. Timing is the catch: each asset carries a minimum staking period, and unstaking goes through a protocol cool-down, so coins are not available to sell the moment you want them. Plan the wait before you stake.
Can I hold the coins on my own keys?+
Custody is custodial, and custodial and staking lists custodial holding and staking together. That is the standard brokerage shape, where the platform holds the keys, rather than a wallet where you hold them yourself.
Does Wealthsimple Crypto offer derivatives?+
Derivatives: yes, the platform offers them alongside the spot account, so it covers more than buying and holding. The balance stays in custodial custody, and the spot taker fee of 0.5% is the figure worth comparing.
Sources
- help.wealthsimple.com/hc/en-ca/articles/8800241895835-Sta... checked September 26, 2026
Backs: Supported assets, Lock-up terms
“We offer staking for the following crypto assets: Solana (SOL), Ethereum (ETH), Cardano (ADA), Polkadot (DOT)”
- help.wealthsimple.com/hc/en-ca/search checked September 26, 2026
Backs: Fiat deposit methods
“Make a deposit from a linked bank account ... Link and deposit funds with a debit card ... Wire funds to your Wealthsimple account”
- wealthsimple.com/en-ca/crypto checked September 26, 2026
Backs: Yield
“Stake and earn up to 5% per year”
- wealthsimple.com/en-ca/legal/crypto-product-risk-disclosure checked September 26, 2026
Backs: Custody, Headquarters, Legal entity, Regulators, Licences
“Your crypto assets are held in omnibus accounts in Wealthsimple's name in trust for or for the benefit of Wealthsimple's clients”
- wealthsimple.com/en-ca/legal/fees/crypto checked September 26, 2026
Backs: Maker fee, Taker fee, Withdrawal fee
“You pay a flat 0.5% Baseline Trading Fee on every order ... Limit orders are never charged a spread”
- wealthsimple.com/en-ca/legal/relationship-disclosure checked September 26, 2026
Backs: Derivatives, Exchange type
“We offer the ability to trade exchange-traded securities, including equities, investment funds, options, and crypto assets”
- wealthsimple.com/en-ca/pricing checked September 26, 2026
Backs: Support channels
“24/7 chat support ... Priority phone service ... Priority email service”
- wealthsimple.com/en-ca/trade/crypto checked September 26, 2026
Backs: Coins listed, Features
“We have BTC, ETH, SOL and more than 170+ other cryptocurrencies that you can trade, transfer, and deposit”
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Wealthsimple Crypto
Canadian residents who want buying, holding and staking handled in one regulated account rather than several services.