Wealthsimple vs Kraken

Compare where to buy or sell Bitcoin & crypto.

Affiliate Disclaimer – we earn from qualifying purchases.

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

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) →

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

Compare More Top Canadian Crypto Exchanges

View All >