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Cryptocurrencies

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation. Cryptocurrencies can be classified as (traded) assets, means of exchange, and means of storage. This features make them traded on exchanges.

Keep your crypto safe

Insured and protected

Insurance held by us and our custodial partners helps protect your crypto against crime like hacks or theft. Our partners have over $75M in cold storage coverage each.

Held by us, owned by you

Your crypto is held in trust and stored between us and our custodial partners. In the unlikely event of insolvency, your crypto is still yours.

Held by us, owned by you

Your crypto is held in trust and stored between us and our custodial partners. In the unlikely event of insolvency, your crypto is still yours.

FAQS

The majority of your coins are held in offline cold storage with our custodial partners. All of our custodial partners are regulated entities themselves — and they have over $75M in insurance coverage each. The remainder of your coins are stored with us in hot wallets. Those have coverage too! We’ve partnered with Coincover to make sure that in the very, very unlikely event that there’s a hack, you’ll have additional ways to recover your assets.
Cryptocurrencies can only be held in a non-registered account with Wealthsimpleinvest Crypto.
Wealthsimple Crypto is made available through the Wealthsimple Trade website. Wealthsimple Digital Assets Inc. (WDA) offers Wealthsimple Crypto to the world under time-limited registration as a restricted dealer through the Canadian Securities Administrators' Regulatory Sandbox. Crypto-assets purchased and held in an account with Wealthsimple Crypto are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme. You can find more information about Wealthsimple Digital Assets in our Client Relationship Disclosure.
Our website is designed to be simple — but if you run into any questions with your account, you can always contact our support team by chat, email, and they’ll be happy to help. And yes, you’ll always be put in touch with a real human. For questions about crypto trading in general, our Crypto Help Centre and news in the website should keep you in-the-loop with everything you need to get started.