In this article:
Overview
You can buy many different crypto coins using Wealthsimple. Unlike stocks and ETFs, you can buy crypto anytime, including on holidays and outside market hours.
Before you begin
- Crypto purchase limits vary by province and territory. Please check the purchase limits before you buy crypto.
- The minimum amount required to buy crypto is $1.00.
- You don't need to buy a whole coin or token. You can simply specify a dollar value of the crypto you'd like to buy.
- You can’t buy crypto in a registered account (such as an RRSP or TFSA).
How to buy crypto
Follow the steps below to buy crypto:
- Sign in to the Wealthsimple app on your mobile device
- Tap the search tab
- Type in the name of the crypto you'd like to buy
- Select it from the list
- Tap Buy (if you do not see this option, tap Trade to reveal the Buy button)
- Tap the menu in the top-right corner to choose the order type
- Enter the quantity or dollar amount of crypto you'd like to buy
- Tap Review
- Review the order details and tap Submit order
- Log in to your Wealthsimple account
- In the Search name or symbol field in the top right corner, type in the name or the symbol of the crypto coin you'd like to buy
- Select the crypto you'd like to buy
- On the right side of the page, navigate to Buy
- Under Buy, select the Order type
- Enter the amount of crypto you'd like to buy
- Select Review
- Review the order details and select Submit order
Frequently asked questions
How is the average price defined?
Your crypto average price is the cost per coin of your current open position including our trading fee. The fill price you receive after an order executes and the average price you see on our app or desktop version will differ. This is because the average price we display will include our fee.
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