You can currently buy or sell 16 different cryptocurrencies in Wealthsimple Crypto.
Buy a cryptocurrency
- Sign into the Trade app on your mobile device
- Tap the magnifying glass icon in the top right corner of your screen
- Type in the name of the cryptocurrency you'd like to buy and select it from the list
- Tap Buy
- Enter the dollar value of cryptocurrency you'd like to buy and tap Continue
- Review the order details and tap Confirm order
How much cryptocurrency can I buy?
You can buy as much Bitcoin, Ethereum, Litecoin, or Bitcoin Cash as you like. For all other cryptocurrencies, you can invest a combined total of $30,000 per year.
For example: If you purchase $30,000 worth of LINK, you'll reach your $30,000 investment limit for the year and won't be able to purchase any additional coins (not including the list above). If you then decided to sell $5,000 worth of LINK, you'd free up $5,000 of your net investment limit and be able to purchase $5,000 worth of any token.
Can I buy fractions of cryptocurrencies?
Yes, you don't need to purchase a whole coin or token. You can specify a dollar value of the cryptocurrency you'd like to buy.
Sell a cryptocurrency
- Sign into the Trade app on your mobile device
- Tap on View accounts in the top right corner
- Select Crypto
- Scroll down and tap on the cryptocurrency in your portfolio you'd like to sell
- Tap Sell
- Enter the quantity of cryptocurrency you'd like to sell, or tap on the arrows on the right side of the screen to enter a dollar value instead
- Tap Continue
- Review the sale details and tap Confirm order
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