Wealthsimple Crypto is the first regulated cryptocurrency trading platform in Canada.
When you open a new Crypto account using our Wealthsimple Crypto referral link, you get a $25 to $50 bonus.
You can also refer friends using your referral code from the Wealthsimple Trade app and get two free stocks.
This Wealthsimple Crypto review covers everything you need to know.
Wealthsimple Crypto Referral Bonus
Here’s how to get a $25 sign up bonus (current best offer) when you open your first Wealthsimple Crypto account:
- Visit Wealthsimple Crypto using the link
- Enter your email address and password, and click on “Get started”
- After completing your profile, fund your account using instant deposits from your bank account
- Deposit at least $150 and a $25 cash bonus will be credited to your account
To be eligible for the cash offer, you must make the minimum deposit and trade threshold within 45 days of opening your account.
Wealthsimple Crypto List
Wealthsimple Crypto has one of the largest selections of coins in Canada. You can use the platform to trade 50+ different digital currencies including:
|Ox (ZRX)||Bitcoin Cash (BCH)||Ethereum (ETH)||Ren (REN)|
|1inch (1 INCH)||Cardano (ADA)||Fantom (FTM)||Shiba Inu (SHIB)|
|Aave (AAVE)||Chainlink (LINK)||Filecoin (FIL)||Stellar (XLM)|
|Avalanche (AVAX)||Compound (COMP)||Kyber Network (KNC)||Stella (XLM)|
|Axie Infinity (AXS)||Curve (CRV)||Litecoin (LTC)||SushiSwap (SUSHI)|
|Balancer (BAL)||Cosmos (ATOM)||Maker (MKR)||Synthetic (SNX)|
|Basic Attention Token (BAT)||Decentralized (MANA)||Polkadot (DOT)||Tezos (XTZ)|
|Bitcoin (BTC)||Dogecoin (DOGE)||Polygon (MATIC)||Uma (UMA)|
|Uniswap (UNI)||Yearn Finance|
The trading fees on Wealthsimple Crypto range from 1.5% to 2%. This fee is embedded in the price you pay when you buy or sell crypto on the platform.
There are no fees to deposit fiat or withdraw fiat.
Note that crypto withdrawals are not yet available.
Wealthsimple Crypto Wallet
Wealthsimple recently introduced a bitcoin and ether wallet for users.
You can now transfer your bitcoin and Ethereum crypto from another cryptocurrency exchange to your Wealthsimple Crypto wallet.
This wallet is custodial, so you don’t get all the benefits of an external hardware wallet. That said, it is a step in the right direction and it is likely we will be able to move crypto assets offline soon as well.
Pros and Cons of Wealthsimple Crypto
The benefits of this platform are:
- Regulated crypto platform
- Easy-to-understand interface for beginners
- Same trading app for cryptocurrency and stocks
- Multiple order types
- Coins held in cold storage with Gemini
- Theft protection by Coincover
- Trading fees up to 2%
- Does not yet support transfers to a personal wallet
Wealthsimple Rewards and Promotions
Wealthsimple promotions are not limited to its crypto product.
You can also earn referral bonuses when you sign up for one of the following services:
Wealthsimple Invest: If you prefer professionals to manage your investment portfolio, you can sign up for this robo-advisor service. Get a $25 bonus after depositing at least $500 in your new account. Learn more about the offer.
Wealthsimple Trade: Buy and sell stocks in Canada without paying high fees. New customers get a $25 bonus after depositing at least $150.
Wealthsimple Cash: Sign up for the free Cash mobile app and transfer money instantly to friends and family. New users get a $1 bonus using the promo code: XQYRET.
Wealthsimple Crypto Alternatives
Crypto traders can also use these platforms below and earn welcome bonuses:
CoinSmart: Get a $50 bonus when you deposit $200 or more in your new Crypto account. Trade several popular coins.
Newton: Get a $25 bonus after trading $100 worth of crypto. This platform supports 70+ coins.
Coinberry: Trade more than 35 popular coins and get a $30 bonus when you buy your first $50 crypto.
NDAX: This platform has low fees and supports 30+ coins. Get a $10 bonus after depositing $100.
Bitbuy: This crypto exchange can be used to trade 25+ coins, including BTC and ETH. Get a $20 bonus after depositing an initial $250 in your new account.
Wealthsimple Crypto Review: Is It Safe
Wealthsimple Crypto is a safe and legit cryptocurrency trading platform.
It is regulated through the Canadian Securities Administrators’ (CSA) Regulatory Sandbox and was the first crypto platform to be regulated via this route in Canada.
It keeps your coins with Gemini Trust Company, a regulated custodian that holds $200 million in insurance coverage.
Additionally, assets are protected through a partnership with Coincover.
The Company uses encryption and 2FA to protect your financial information.
Needless to say, my review of Wealthsimple Crypto is positive.
Wealthsimple Crypto FAQs
How do I get a Wealthsimple Crypto referral code?
Sign up using this link to get a $25 to $50 bonus when you open a new Wealthsimple Crypto account.
Is Wealthsimple Crypto free?
You pay a 1.5% – 2% trading fee on Wealthsimple Crypto, so it is not free.
Can I open a Wealthimple Crypto TFSA account?
No. Registered accounts like the TFSA or RRSP are not eligible for Wealthsimple Crypto.
Is Wealthsimple Crypto good?
It is great for beginners who are new to cryptocurrency investing. However, it lacks advanced tools for experienced traders.