Shakepay vs Wealthsimple
Compare where to buy or sell Bitcoin & crypto.
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Shakepay stands out for its ease of use and beginner-friendly approach, offering a straightforward platform for Canadians to buy and sell Bitcoin and Ethereum, with unique features like ‘Shaking Sats’ to earn free Bitcoin. It’s particularly appealing to new crypto users thanks to its no-fee structure for crypto withdrawals and its focus on simplifying the crypto purchase process.
Wealthsimple, on the other hand, broadens its appeal by integrating cryptocurrency trading with stock investments within the same platform, catering to users looking for a more diversified investment strategy that includes both traditional and digital assets.
While Shakepay is best for those focused solely on entering the crypto market with minimal complexity, Wealthsimple appeals to users seeking a comprehensive financial platform that combines crypto with broader investment options.
Read my Shakepay Review
Shakepay Fees
- Deposits and withdrawals: $0
- Spread: ~1 to 2%
- Crypto withdrawal: Free
- Check Fees and Prices
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfers
- Pre-authorized Debit
Cryptocurrencies: 2
✅ Shakepay Pros
- No fee crypto withdraws
- Simple app UI/UX
- Earn Bitcoin cashback reward with a prepaid Visa debit card
- *NEW – Dark mode
- Shakepay ShakingSATS
- Shakepay Card for BTC Rewards
❌ Shakepay Cons
- Limited coin selection
- High spread fee
- Mobile app only
Wealthsimple Fees
- Spread: ~1.5 to 2%
Funding & Withdrawal Options
- Link bank account
Cryptocurrencies: 49+
✅ Wealthsimple Pros
- Super easy to use
- UI design
- Staking
❌ Wealthsimple Cons
- High fees
- No limit orders
- Takes 3-5 days to transfer and settle funds
Compare More Top Canadian Crypto Exchanges
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
Related
- Shakepay vs Newton
- Kraken vs Coinbase
- Bitbuy vs Shakepay
- Kraken vs Binance
- Newton vs NDAX
- Newton vs Wealthsimple
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
