Wealthsimple supports the ability to move cash between some Trade accounts and Crypto accounts. Please note: you can't move stocks, ETFs, or cryptocurrencies between accounts.
To initiate a transfer between your Wealthsimple Trade accounts, navigate to the Funding tab, then click Transfer Funds and the money should arrive within 1-3 business days.
The list below shows the internal transfer types that are supported as well as the associated hold period.
Transfers with no holding period:
- TFSA -> Crypto, personal
- Personal -> Crypto
- Crypto -> Personal
Transfers with a 2 business day hold:
- TFSA -> RRSP
- Personal -> RRSP, TFSA
- Crypto -> RRSP, TFSA
Please note that transferring funds to accounts may carry tax and/or contribution implications.