When you buy/sell crypto you’ll see two line items. The first is the price of the cryptocurrency you are buying. The second is the operational cost associated with your transaction. This varies but is usually around 1.55%. It includes the cost to keep your coins safely custodied with Gemini Inc. and the cost to our liquidity providers to make sure you get the best price available.
For example, if you place an order to buy $100 worth of bitcoin and the operational cost is 150bps, you will pay $1.55 for the transaction.
When you’re submitting an order please note, that these figures might differ slightly from your actual fill price due to market fluctuations in the cryptocurrencies’ price and other factors that might impact what our partner is offering for a rate at that time!
You can view the full breakdown of our fees in the Wealthsimple Crypto Fee Schedule.
Can I view historical prices?
You will have access to historical pricing information and performance graphs and data for crypto-assets trading within the Wealthsimple Crypto app.