Wealthsimple Review 2022: Wealthsimple Withdraw Crypto

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stock and crypto trading app that differentiates itself from similar apps by charging no fees. 

A Toronto, Ontario based fintech business launched in Fall twenty fourteen originally as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has evolved substantially over the past 8 years to also feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows Canadian consumers trade both individual stocks and ETFs without needing to pay any commissions. The exception to this is when trading ETFs and stocks which are denominated in USD. In that case, they will charge a nominal currency conversion fee when buying and selling. However, past us are the times of paying more than $7 per trade with online discount brokerages as was the case only a few years past.

Exactly How Much Money do I Need to Get Started With Wealthsimple Trade?

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of just $1. Most alternative banks and brokerages have sizeable min deposit amounts of $1,000-5K. This makes it tough for the everyday investor to start. With Wealthsimple Trade, you won’t need to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade has both CRA registered and non-registered account types. You are free to choose between both RRSP and TFSA account types in the setup wizard. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app that is available on both Apple and also Android. The mobile app makes the registration phase and also trading of stocks and ETFs incredibly a breeze.

But Is Wealthsimple Trade Safe?

Yes. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion CAD of Assets Under Management (AUM). This company has been operating for more than 7 years and now employs over 600 Canadians. The main shareholder is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage operating in Canada.

But How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to add funds to your account. Simply connect to a chequing or savings account to your Trade account, then fund your account in only a few steps. Deposits from your bank to Wealthsimple typically take just a few days. Funds can just as easily be withdrawn your chequing or savings account through the same steps.

Which Other Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to e-transfers which allows one to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax year and file your taxes online free. It’s described as easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows you to recieve 1% cashback on your everyday spending, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of different online courses on saving, investing, crypto, home buying and much more. 

All of the listed features, along with Wealthsimple Trade can be accessed in the app and from their site with one login.

So How Should I Start With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For an exclusive registration bonus offer to our readers you’ll receive the equivalent cash value of a Canadian stock worth up to $4,500 Canadian once you deposit to your account.

But What if I Still Have Questions About Wealthsimple Withdraw Crypto?

If this article didn’t given you the answers to each of your questions, and you’re still looking for additional specific facts relating to Wealthsimple Withdraw Crypto, go to the Wealthsimple site to get answers to every one of your questions.