Wealthsimple vs Binance

Compare where to buy or sell Bitcoin & crypto.

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Wealthsimple Fees

  • Spread: ~1.5 to 2%

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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

Get Two Free Stocks at Wealthsimple (up to $25) →

Binance Fees

  • Deposits and withdrawals: $0
  • Spread: 0.1%
  • Crypto withdrawal: 0.0002 BTC (~$6)

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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.

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