Wealthsimple vs Crypto.com
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Wealthsimple Crypto offers a streamlined approach to cryptocurrency trading within its broader investment platform, appealing to users interested in a user-friendly interface that integrates both traditional and crypto investments. It’s particularly suited for beginners and those already managing other investments through Wealthsimple, providing a seamless experience with a focus on stocks and crypto.
Crypto.com, in contrast, presents a more expansive ecosystem designed for a global audience, featuring a wide range of cryptocurrencies, a crypto Visa card, staking, lending, and even NFT trading, catering to users looking for diverse crypto financial services.
While Wealthsimple is ideal for those seeking simplicity and integration with traditional investments, Crypto.com appeals to users desiring a comprehensive platform with advanced crypto functionalities and broader financial services.
Wealthsimple Fees
- Spread: ~1.5 to 2%
Funding & Withdrawal Options
- Link bank account
Cryptocurrencies: 49+
✅ Wealthsimple Pros
- Super easy to use
- UI design
- Staking
❌ Wealthsimple Cons
- High fees
- No limit orders
- Takes 3-5 days to transfer and settle funds
Crypto.com Fees
- Deposits: $0
- Spread: ~0.4%, Stake CRO to lower trade fees
- Crypto withdrawal fee: 0.0005 BTC (~$13)
- Check fees and prices on Crypto.com
Funding & Withdrawal Options
- Interac e-Transfer
- Bank Transfers
Cryptocurrencies: 100+
✅ Crypto.com Pros
- Crypto.com Visa cards have fantastic benefits
- App works great
- Advanced tools for traders
- Staking
- Defi Wallet
- Good customer service
❌ Crypto.com Cons
- Withdraw fees are on the higher side
- Hard to find the desktop web app
- The app, website, and wallet are all different things. Confusing for beginners.
Compare More Top Canadian Crypto Exchanges
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
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- Newton vs Wealthsimple
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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Nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
