In this article:
Overview
When you place an order to trade crypto, Wealthsimple gets prices from third parties that we call liquidity providers. These providers buy and sell crypto on global markets. We work with multiple liquidity providers to try to get the most competitive crypto prices.
Since crypto primarily trades in global markets in USD, we convert the prices provided by our liquidity providers from USD to CAD for you.
Wealthsimple's crypto trading fee
You'll also be charged Wealthsimple's trading fee on each order based on the value of the crypto bought or sold.
The trading fee varies by your client tier and 30-day trading volume. You can view the full breakdown of our fees in our Crypto Fee Schedule.
You can find your current trading volume by following the steps below:
- Log in to the Wealthsimple app
- 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 don’t see this option, tap Trade to reveal the Buy)
- Enter the quantity or dollar amount of crypto you'd like to buy
- Tap Review
- Tap the tooltip ("?" icon) next to Fees
- You can view how much you’ve traded in the past 30 days
- Log in to your Wealthsimple profile
- 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
- Select the tooltip ("?" icon) next to Fees
- You can view how much you’ve traded in the past 30 days
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