Wealthsimple vs Binance
Compare where to buy or sell Bitcoin & crypto.
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Wealthsimple Fees
- Spread: ~1.5 to 2%
Funding & Withdrawal Options
- Link bank account
Cryptocurrencies: 49+
Wealthsimple Pros
- Super easy to use
- UI design
Wealthsimple Cons
- High fees
- No limit orders
- Takes 3-5 days to transfer and settle funds
Binance Fees
- Deposits and withdrawals: $0
- Spread: 0.1%
- Crypto withdrawal: 0.0002 BTC (~$6)
Funding & Withdrawal Options
- Crypto Only
Cryptocurrencies: 350+
Binance Pros
- Largest selection of altcoins
- Lowest fees
- Advanced features for traders
- Staking, P2P Trading, Loans
Binance Cons
- Ontario users not allowed
- Complicated because they offer so many services
- Can only fund with crypto in Canada
Binance Referral
Deposit more than $50 and Receive 100 USDT cashback voucher.