Wealthsimple for Crypto: Elevate Your Investment Experience

Wealthsimple Crypto is the cryptocurrency portfolio management service of the popular Canadian Robo-advisor platform Wealthsimple. Wealthsimple provides an easy and automated way to invest in diversified portfolios of low-cost ETFs. Wealthsimple Crypto works the same way, except that it's dedicated towards making cryptocurrency a straightforward investment for anyone.

Like other Wealthsimple products, it features no account minimum balance, no fee on deposit or withdrawal, and commission-free trading. However, despite all that, it is still rather inadequate on grounds that it doesn’t offer a large number of cryptocurrencies. In addition, it lacks cryptocurrency trading automation features.

In stark contrast, Botsfolio is an automated cryptocurrency trading bot platform for both beginners and experienced traders, investing in popular coins such as Bitcoin, Ripple etc. It practically runs creating , managing and overseeing a cryptocurrency portfolio on auto pilot. All you gotta do is connect it to your cryptocurrency exchange, allocate some funds to the portfolio, answer a few questions to set your investment goals and it does the rest. You’ll watch your portfolio grow, without getting bogged down with having to do constant risk monitoring and management of your portfolio. It features:

• Automated Trading Bots – to make market trades in line with the investment goals.
• Total control over your Funds – The funds are always available to you in your wallet on the cryptocurrency exchange at all times.
• Built-in Risk Management Intelligence – To guide all trades so as to maximize profits and minimize chances of losses.

In this article, we will explore how Botsfolio ticks in all the right boxes for cryptocurrency investment , far better than Wealthsimple Crypto can, at least at this time, for newbie as well experienced traders.

1. Wealthsimple Crypto vs. Botsfolio – Getting Started

Wealthsimple Crypto	Botsfolio
Sign-up by providing your email and a password	Sign up
Download the Wealthsimple trading app to your device.	Connect with or Create an account with Binance or Coinbase Pro
Open a cryptocurrency account.	Pick a strategy (we make it real simple for you to choose as per your goals)
Make a deposit and start trading	Start your trading bots.

2. Wealthsimple Crypto vs. Botsfolio – Trading

Wealthsimple Crypto	Botsfolio
Serves Canadian investors only	Global reach and service
Buy or Sell 29 different cryptocurrencies	Bot-trading 118+ cryptocurrencies
Supports Deposits and Withdrawal through Bank Account Only (CAD)	Supports deposits and withdrawals through multiple methods, including Crypto
No Trading Automation Available	Automated Bot Driven Trading
Only 2 Trading strategies available - Market Orders and Limit Orders	4 Trade strategies available - Value Investing, Hedged Trading, Futures Trading, Fixed Income

3. Wealthsimple Crypto vs. Botsfolio – Investment

Wealthsimple Crypto	Botsfolio
Limited to Canadian Nationals	Open to global Investors
Portfolio Creation is not Automated	Portfolio is created Automatically based on Investment Goals, Life Choices and Risk Tolerance specified by the Investor
Portfolio Management is not Automated Either	Portfolio Management is driven by Machine Intelligence, Guided by Goals, Risk Level chosen earlier and market signals
No Investment Goal Setting	Life Choices based Investment Goal Setting : Long-Short Term and High – Low Risk setting flexibility.
Risk Management is Investor Responsibility	Risk Management is automated through diversification of funds , bot trading and monitoring of market signals

4. Wealthsimple Crypto vs. Botsfolio – Referral program

Nearly all trading platforms employ referrals as a tool to build user base and brand loyalty at the same time. The more fair terms and value of referral rewards, the more enticing it gets joining it.

Wealthsimple Crypto	Botsfolio
As detailed here, the referral program offers to add a random stock worth $5 minimum to the account, on preconditions of the referred clients: a) being a new registration b)adding money to the newly created account	Botsfolio Referral program offers flat $10 in crypto added to the account , whenever a referred client simply registers.

5. Wealthsimple Crypto vs. Botsfolio – Account Funding

Wealthsimple Crypto	Botsfolio
Electronic Funds Transfer (EFT) only	Multiple Payment Methods Supported
Takes up to 5 Days to fund Account	Instant funding when payment received
Cannot Transfer Crypto Out	Crypto stays on your exchange and can be moved around freely on exchange

6. Wealthsimple Crypto vs. Botsfolio – Trading Fees

Wealthsimple Crypto	Botsfolio
Trading Fee - 1.5%-2% per transaction	Zero Trading Fee
Extremely High Spreads and Fees	Reduced Risk by Intelligent Trading

Wealthsimple Crypto vs. Botsfolio – Conclusion

Botsfolio and Wealthsimple Crypto have the same objective for investors: to provide a simple, low-cost way of trading cryptocurrency. If your interest is in few crypto coins and limited trade options only, you might prefer Wealthsimple Crypto, but if you prefer access to more assets, ease of trading portfolio management through automation, and superior, hassle free risk management then Botsfolio is the better choice.