Wealthsimple vs Kraken

Compare where to buy or sell Bitcoin & crypto.

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Wealthsimple Fees

  • Spread: ~1.5 to 2%

Check Fees and Prices

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

Get between $5 and $3,000 in cash →

Read: Kraken Review

Kraken Fees

  • Fiat Deposits: 1.5%
  • Spread: 0 to 0.26% per trade
  • Crypto withdrawal: 0.00001 BTC

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer (Etana Custody)
  • In-person at Canada Post

Cryptocurrencies: 65+

Kraken Pros

  • One of the oldest exchanges in crypto
  • Full trade platform
  • Crypto to crypto trading pairs
  • 24/7 live chat support
  • Low spread fee

Kraken Cons

  • Complicated fee structure
  • Not as beginner-friendly
  • 1.5% deposit fee on fiat
  • High crypto withdrawal fee

Get $10 USD in BTC – Kraken Sign-Up Bonus when you use the app →

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
Crypto:~$15

$0

30+

0 - 1.5%

Fiat: 1.5%
Crypto:~$10

$0

25+

0.2 - 0.3%

Crypto: 0.00001 BTC

Fiat: 1.5%

65+

0 - 2.5%

$0

$0

37+

~0.2%

Fiat: 1%
Crypto:~$10

Fiat: 0 - 1.5%
Crypto:0%

16+

0.5 - 2.5%

Fiat: $0
Crypto:~$10

$0

67+

0.5%

1.49 - 3.99%

1.49 - 3.99%

100+

~1.5 - 2%

$0

$0

49+

~0.4%

Crypto:~$13

$0

100+

0.6%
Min. $5 Fee

$0

$0

7 stablecoins

n/a

0.5 - 1.25%

Crypto: you decide fee

$0

1

n/a

1.5%

Fiat: 0 - 1.5%

Crypto: 0.0005 BTC

$0

39+

n/a

0.21%

Variable

$0

1

n/a

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