Wealthsimple:- Trading App
Wealthsimple Crypto is a top Canadian cryptocurrency trading app that works well for beginners.
If you are one of those folks looking to jump into the cryptocurrency craze, the Wealthsimple Crypto platform is a great option for getting started.
Other crypto exchanges in Canada include Bitbuy, Coinsmart, Shakepay, NDAX, Newton, and Binance.
Cryptocurrency is a volatile investment. That said, if you are well aware of the risks and are looking to bet some funds anyway to diversify your portfolio, this Wealthsimple Crypto review covers what you need to know.
Last year, Wealthsimple introduced its cryptocurrency trading platform through Wealthsimple Crypto. This service is managed by Wealthsimple Digital Assets Inc.
Using the platform, you can instantly buy and sell 40+ cryptocurrencies using fiat currency (Canadian dollars).
As of this writing, you can only trade crypto using a personal non-registered investment account. TFSA, RRSP, and other registered accounts can’t be used to hold crypto directly and this applies to other crypto trading platforms as well.
The Wealthsimple Crypto and Trade apps work together and you can also access both on desktop devices.
Wealthsimple Crypto Wallets were recently introduced and this means you can now transfer and deposit your crypto coins from other exchanges into Wealthsimple.
You can also move some coins offline from Wealthsimple Crypto into your hardware wallets.