Wealthsimple Crypto Review || Best Way to Buy Cryptocurrency in Canada (2021)? reviews

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Today’s video explores the pros and cons of using WealthSimple Crypto to buy and sell cryptocurrency in Canada (mainly Bitcoin / BTC and Ethereum / ETH).

Now that Square, PayPal, and Tesla are buying in, among other companies, there is a lot of attention on cryptocurrency as a long-term investment. But if you live in Canada, what is the best platform to use? I’m on a mission to find out.

Overall, I don’t recommend WealthSimple Crypto. There are other, better cryptocurrency exchange platforms in Canada that are cheaper and that provide much more functionality.

These are the two Canadian platforms that I use to buy cryptocurrency:

Newton referral link (if you sign up with this link we’ll both get $25 dollars): https://web.newton.co/r/TVA2NU

BitBuy referral link (if you sign up with this link we’ll both get $20):
https://bitbuy.ca/sign-up?c=TZA3ICU69

They each have different advantages but both are solid platforms. Check out my reviews of them in the link below!

Binance is also a great platform for ALT COINS (if you sign up with this link, we’ll both get $10): https://www.binance.com/en/register?ref=X525JZSX

Link to reviews of these crypto platforms: https://www.youtube.com/watch?v=ZsWttBC_TsU&list=PLmkBWoQFc66eZpzAkkXdoV75_ZERur98b
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Time Stamps:
0:00 Intro
1:33 Pro #1 – Easy to Use
1:45 Pro #2 – It’s Safe
2:09 Pro #3 – No Deposit or Withdrawal Fees
2:20 Con #1 – Deposits & Withdrawals Take a LONG Time
2:48 Con #2 – Can Only Buy BTC & ETH
3:01 Con #3 – High Trading Fees (1.5%)
3:23 Con #4 – The Bid/Ask Spread
3:47 Con #5 – You Don’t Own the Crypto
4:25 Conclusion

Other videos on the Project E channel are about:
– Personal finance and investing
– Entrepreneurship
– Personal development & Philosophy

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24 reviews for Wealthsimple Crypto Review || Best Way to Buy Cryptocurrency in Canada (2021)? reviews

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  1. Mark Farfan

    Here are two platforms I think are better than Wealthsimple Crypto:
    Newton (if you sign up with this link we'll both get $25 dollars): https://web.newton.co/r/TVA2NU
    BitBuy (if you sign up with this link we'll both get $20): https://bitbuy.ca/sign-up?c=TZA3ICU69

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  2. Mina Lisa

    Hi Mark, Do you know a platform in Canada, in Ontario that allows trading crypto currency futures? I was using Binance but unfortunately, they are banned now… ☹️

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  3. Albert Lemieux

    What are the crypto app that your money is protected for 100K ?

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  4. Albert Lemieux

    Your accompte is protected for 100,000$

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  5. Albert Lemieux

    With wealthsimple, you can't make a bid or ask on the web plateform only for the day with the mobil application

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  6. Joseph Hans

    ABRAHAMIC FAITHS
    1. JUDAISM-TORAH
    2.CHRISTIANITY-GOSPEL.
    3.ISLAM- QURAN FINAL revelation from the same God or Allah in Arabic. OMG

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  7. Teresa

    Can I not buy dogecoin using Wealthsimple? I thought I read that I could..

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  8. K T

    thank you so much u are a lifesaver! I didn't know that on top of the high trading fees for crypto there's also a high spread…bruh I am not going to use this exchange! THANK UU!!!

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  9. Josef Encinares

    Wealthsimple needs to up their game on crypto man. These cons are horrendous.

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  10. FERR Everyday

    Wealthsimple does not charge fees on buying and selling cryptocurrency only On foreign exchange, so why are you telling people that they are charging fees to purchase the rights to cryptocurrency as you are not actually purchasing the cryptocurrency you are just holding the rights to it which in turn means you hold the value?

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  11. WILLY Williams

    Wow. Thank you. You saved me from problems.

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  12. Mark Simon

    Great video 💪🏼

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  13. KELELTIK

    TO THE MOOOOOOON

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  14. Jacob Matton

    They updated, now you can deposit up to $250 instantly!

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  15. Will Weiss

    I am very happy with Newton.

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  16. Christian Worthinton

    Don't invest on an exchange that won't let you stick your crypto in a private wallet. Just common sense.

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  17. Christian Worthinton

    Good video. You are doing a valuable service in a crazy market.
    10/10.

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  18. ice cream

    finally something for canadians

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  19. Aisha Jamal

    This was a great review. What do you think of Coinsmart?

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  20. Christian Kayode

    When it comes to BITCOIN/FOREX TRADING INVESTMENT I always RECC0MMEND newbies to XENDACYBER on lnstagram since I was recommended to him and invested I've not had a loss due to the signals he uses during trade, he is really a genius💯💯

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  21. N Ino

    What platforms would you recommend?

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  22. synos0202

    what about tax, do i pay tax on my interrest with wealthsimple? or only when i transfer it back to CAD

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  23. IRINA

    Want to hear your thoughts one more time, buddy. Found an article about Swirge. As I got it, they aim to introduce an online peer to peer marketplace to social nets. Should I join them?

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  24. Cristian Popecu

    That looks great man

    Btw I’ve discovered Swirge. That’s a peer to peer marketplace built on Binance Smart Chain. They want to provide a social e-commerce platform by integrating an online shop on social nets. What will you say?

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