Available regions
Applications or normal card activation are supported
CanadaCA
- Evidence
- Officially supported
Card database / Mastercard / Visa / Crypto-friendly bank account card
W
Wealthsimple Crypto Card
Updated: Aug 7, 2026
The Wealthsimple Crypto Card, together with the broader Wealthsimple payment card ecosystem, is a series of financial cards issued by leading Canadian fintech company Wealthsimple in partnership with Mastercard and Visa. Designed specifically for Canadian tax residents, the cards allow everyday spending cashback to be converted directly into cryptocurrencies such as BTC, ETH, and SOL. The entire card range emphasizes zero foreign exchange fees (0% FX Fee) and is one of the most representative and highly compliant crypto cashback and fiat payment tools in the Canadian market.
Official and company information
Issuer identity and company credentials
Wealthsimple, founded in 2014, is a leading Canadian full-service digital fintech company and one-stop wealth management platform. The platform offers diversified wealth management services, including commission-free stock and ETF automated and self-directed trading (Trade & Invest), crypto custody trading, digital checking accounts (Chequing), and smart tax filing (Tax). Through partnerships with licensed Canadian financial institutions, it provides high deposit insurance on cash savings and offers a dedicated prepaid card and a Visa Infinite credit card for everyday global spending and rewards.
- Company / issuer
- Wealthsimple Crypto
- Legal name
- Wealthsimple Inc
- Registered region
- Canada (CA)
- Headquarters
- Original加拿大
- Company type
- Fintech
- Verification status
- Verified
- Issuer website
- Official link
- Application page
- Application link
Card overview
Wealthsimple is a leading Canadian financial technology platform with tens of billions of Canadian dollars in assets under management and is subject to strict financial regulation. Wealthsimple's card products, covering prepaid debit cards and premium Visa credit cards, connect domestic Canadian fiat spending, conventional securities investment, and on-chain crypto assets.
For everyday online and in-person purchases, cardholders can choose to have 1%–2% cashback automatically settled as cash, Canadian or US equities, or used to purchase selected cryptocurrencies such as Bitcoin, Ethereum, and Solana in real time, with the assets deposited directly into their Wealthsimple Crypto accounts. This allows users to accumulate crypto assets as they spend.
Wealthsimple cards also offer competitive fees: all versions waive the 2.5% foreign exchange fee traditionally charged by banks and support Apple Pay and Google Pay. Together with Canadian CDIC deposit insurance and oversight by CIRO, the Canadian Investment Regulatory Organization, Wealthsimple cards provide crypto asset users in Canada with a secure and practical option for everyday payments.
Mastercard / Visa card experienceRegional availabilityTerms may change
Notice: No additional notice is available.
Card variants and fee differences
Compare verified fee records across card forms and tiers
W Wealthsimple Prepaid Mastercard | |
|---|---|
| Card form | Virtual card |
| Fees | |
| Monthly fee | Free No monthly fee for checking account and card |
| Card issuance fee | Free Free |
| ATM fee | Free ATM fees reimbursable if eligible |
| Foreign exchange fee | 0% Only Mastercard exchange rate used |
| Top-up fee | Free Regular deposits to checking account free |
| Failed transaction fee | Free No card fees for chargebacks and NSF |
| Rewards | |
| Cashback | 0% Discontinued from October 2025 |
| Crypto cashback | 0% Terminated on September 30, 2025 |
| Staking rewards | — |
| Staking APR | — |
| Welcome bonus | — |
| Referral bonus | — |
| Limits | |
| Daily spending limit | 5,000 CAD Combined POS and online transactions |
| Monthly spending limit | 30,000 CAD Cumulative spending on a rolling cycle |
| ATM withdrawal limit | 3,000 CAD Maximum 10 withdrawals per day; weekly limit 10,000 CAD |
| Card network |
Fees may vary by region, card tier, and official policy. Verify the latest official terms.
Regions and China applicability
Application status based on public sources, official policy, and user reports. This is not application advice.
Unsupported or restricted regions
Applications or features are unavailable or restricted
EthiopiaETSierra LeoneSLSudanSDGuinea-BissauGWIraqIQCubaCUSomaliaSORussiaRUNorth KoreaKPBangladeshBDAfghanistanAFHong KongHKSouth SudanSSMyanmar (Burma)MMLibyaLYSyriaSYHaitiHTLiberiaLRYemenYESão Tomé & PríncipeSTUnited StatesUSCentral African RepublicCFMaliMLChinaCNMacaoMOVenezuelaVEIranIRBelarusBYUkraineUATaiwanTWEritreaER
- Evidence
- Officially restricted
Unconfirmed regions
Evidence is insufficient
No records
- Evidence
- Public sources
China applicability
The source text is retained below.
Original
1、中国大陆：不支持申请，Wealthsimple仅向加拿大居民开户，开户前提是具备加拿大合法居住身份并拥有加拿大社会保险号；加拿大已持卡用户可在Mastercard受理商户使用，并可按境外卡规则绑定微信支付或支付宝
2、香港：不可申请，需保持加拿大居民资格；加拿大已持卡用户可在香港Mastercard商户线上及线下消费，也可使用兼容移动钱包。
3、澳门：不可申请，Wealthsimple不接受加拿大境外居民开户；加拿大已持卡用户可在澳门Mastercard受理商户及兼容ATM使用。
4、台湾：不可申请，仅限加拿大居民；加拿大已持卡用户可在台湾Mastercard受理商户进行线上、线下及循环订阅付款。
Updated: Aug 7, 2026
KYC requirements
Current identity-verification requirements and restrictions
KYC required
YesRequiredKYC level
Full KYCRequirement confirmedProof of address
YesRequiredAccepted documents
Canadian driver's license / Canadian passport / Canadian permanent resident card / Status card / Provincial ID / Foreign passport / Bank statement / Utility bill / T4 / CRA notice of assessment
Review time / regional limits
Automated credit bureau verification can be completed instantly; document and manual review generally take longer.
KYC provider
Persona
Updated
Aug 7, 2026
Payment compatibility
Support status and update date by payment scenario · Actual availability may vary by region, merchant, and issuer policy
Compatibility overview13 scenarios
Supported13
Not supported0
UpdatedAug 7, 2026
Wallet payments
Alipay
Supported
Aug 7, 2026
Wallet payments
Apple Pay
Supported
Jul 22, 2026
Wallet payments
Apple Pay
Supported
Aug 7, 2026
Cash services
ATM withdrawal
Supported
Aug 7, 2026
AI tools
ChatGPT
Supported
Aug 7, 2026
AI tools
Claude
Supported
Aug 7, 2026
Wallet payments
Google Pay
Supported
Aug 7, 2026
AI tools
Midjourney
Supported
Aug 7, 2026
In-person payments
Offline POS
Supported
Aug 7, 2026
Online shopping
Online shopping
Supported
Aug 7, 2026
Wallet payments
PayPal
Supported
Aug 7, 2026
Subscriptions
Subscription payment
Supported
Aug 7, 2026
Wallet payments
WeChat Pay
Supported
Aug 7, 2026
User reviews
Showing 10 approved reviews matched to this card
Wealthsimple - Grow your money Google Play review - 1 star
Why can't you tell us the app has to be updated BEFORE we log in?? It's extremely frustrating to log in, just to be kicked out and told to update, and then have go through the whole log in process again. This can be streamlined on your end!
View original Wealthsimple - Grow your money Google Play review - 5 star
Best financial institution
View original Wealthsimple - Grow your money Google Play review - 1 star
I was a happy Wealthsimple customer for 2+ years. The app, interface, and perks were excellent. Unfortunately, after I noticed a suspicious crypto account I didn't open, I contacted Support. Instead of resolving it, they blocked and then closed my account, prevented me from opening another, and stopped responding to my emails. I still have $500 of my own money in the account. Very disappointing. Stay alert.
View original Wealthsimple - Grow your money Google Play review - 3 star
under the credit card section, please add a search function on activity. filter has my holding under credit card, which does not make any sense.
View original Goated
Moved all my banking to wealthsimple. No regrets. Better than any legacy bank by an order of magnitude
View original Excellent Platform
One of the best and easiest app out there for investing and almost everything banking related. Love it! Keep up the great work.
View original was previously more functional
Still a decent app, but a few recent changes reduce functionality:
- When there’s an update, which is often, the app doesn’t function until you update. Highly inconvenient.
- Gameified notifications about gimmicky draws & entries.
View original Wealthsimple - Grow your money Google Play review - 5 star
Great Canadian company. Sometimes they get me frustrated, but they always surprise me in better ways in the end.
Official reply
View original Thank you very much for your 5-star review, Robin! We hope to continue offering more features in the coming months while still ensuring the same quality of service. Don't hesitate to share any suggestions!
Wealthsimple - Grow your money Google Play review - 1 star
Max button disappeared!!!
View original Amazing and I never rate apps
Few years now on Wealthsimple, amazing platform. No account fees for diy investing, no trading fees, tons of perks, quick support emails. The app works really well and looks great. What more can you ask for? No more “big” banks with “big” fees!
View original Risk factors
Updated: Aug 7, 2026
No risk factors are available