Wealthsimple Launches Paycheque Automation for Crypto Investments with No Trading Fees
Wealthsimple has launched a feature enabling users to automate investments of their paycheques into over 140 cryptocurrencies without incurring trading fees, making it the first Canadian platform to offer such a service. The Automate Your Pay system allows direct investments from linked direct deposits, while users not utilizing this feature will face tier-based fees. Additionally, the platform offers volume-based pricing for active traders and waives trading fees for USD Coin transactions.

Wealthsimple has introduced a new feature allowing users to invest parts of their paycheque into over 140 cryptocurrencies with no trading fees, making it the first Canadian platform to offer such a service. The Automate Your Pay system enables direct investments from linked direct deposits without incurring standard fees.
Users not utilizing this feature will face tier-based fees: 2% for Core, 1% for Premium, and 0.5% for Generation members. The platform also provides volume-based pricing for active traders, reducing fees for those trading over $1,000 monthly. Additionally, trading fees are waived for USD Coin transactions in U.S. dollars, while staking fees remain between 15% and 30% based on membership tier.




Comments