Mobile and Desktop Trading
BitMEX mobile application is highly functional and user-friendly, but it is designed for more experienced traders who require a comprehensive range of charting tools and order types. Ratings and reviews on app stores are generally favorable, although not as high as Wealthsimple's. Wealthsimple Crypto, on the other hand, offers both a mobile app and desktop platform that are user-friendly and perfect for beginners. Their Trade app is highly rated with a 4.7-star rating from 121,000 reviews on the Apple App Store. Users note the app's ease of use and the convenient ability to manage all investment accounts in one place.
Wealthsimple’s Trade app has a 4.7-star rating from 121,000 reviews on the Apple App Store, and a 4.6-star rating from 41,000 reviews on Google Play.
The app makes it easy to switch between all of your investment accounts, and see exactly how much you have in each one. The desktop trading platform is essentially the same and allows you to deposit and withdraw, buy and sell, and view charting for different cryptocurrencies. It has a simple interface making it easy for beginners.
Wealthsimple desktop app
Wealthsimple crypto trading main screen
Wealthsimple Crypto Mobile app
BitMEX’s exchange is confusing, but that’s because it is aimed at experienced traders who understand perpetual and futures contracts trading. BitMEX has a more outdated interface than Kucoin, making it seem clunky and old. However, the lighter colour scheme makes it easier to see the different menus and tabs.
There is a tab for each cryptocurrency market available, which makes it somewhat easy to navigate, view charts and order books.
To start trading contracts, you will need to sign up but you only need to provide an email address to do so. Once you have deposited your Bitcoin or USDT, you can use that to trade for the other cryptocurrencies available.
Leverage is one of the main features of BitMEX and the platform offers a handy leverage slider that can be adjusted to your risk when you trade.
BitMEX is only available as a desktop platform.