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+

Visit Wealthsimple

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+

Visit Kraken

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

AFFILIATE DISCLAIMER – We earn from qualifying purchases.

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