You can dive deeper into CoinSmart’s knowledge base if the FAQ section doesn’t answer your question. Join the Every Bit Helps mailing list to receive our newsletter & get access to the latest deals & to our Discord community. You will be prompted to verify your email address and to sign in to your account. CoinSmart is a FINTRAC-registered Money Service Business meaning they adhere to certain compliance and regulatory standards.
What is the minimum deposit to start trading on Coinsmart?
They offer simple solutions, learning tools, and 24/7 client support for all traders, from entry-level to expert. CoinSmart is, admittedly, a less-than-mainstream cryptocurrency exchange platform. More often than not, it gets overshadowed by its competitors – large and established crypto platforms that have been in the industry for a longer period of time. Specifically, this is due to the fact that many crypto-related platforms are decentralized, by nature. This includes cryptocurrency exchanges, but it also encompasses various applications (dApps), crypto-related organizations (DAOs), and so on.
CoinSmart Review For 2025: Is it Legit and Safe?
With the exception of crypto withdrawals, Newton doesn’t charge any fees, unlike CoinSmart which charges fees for all the steps. With the manual verification, it can take between 1hour to 1 business day to get your account approved. Overall, CoinSmart is a well-secured website to buy, sell and trade cryptocurrencies. While buying crypto with credit card will incur a higher fee. High networth individuals, institutional buyers and sellers, premium traders can take advantage of this personalized 1-on-1 OTC trading service. Simply choose the cryptocurrency you want to buy and the coin you want to sell, and instantly swap between coins in one-click.
- When it comes to cryptocurrency, there’s a lot to know – both good and bad.
- Yes, CoinSmart has delisted Ripple XRP, and you can no longer trade it on the platform.
- There are more people coming into crypto than ever before – with the concept becoming increasingly more mainstream by the day, the demand for newbie-friendly crypto gateways is sky-high.
Regulated Crypto Exchanges in Canada: What You Need To Know
CoinSmart has reasonable fees for fiat deposits and withdrawals and fairly standard crypto withdrawal fees. Their fees align with industry standards but are not a selling point for using the exchange. CoinSmart Review is incomplete without discussing the Fees Structure.
The exchange has positioned itself as one of the best crypto exchanges in Canada with multiple funding options and fiat currencies, advanced trading tools and more. CoinSmart is one of the best cryptocurrency trading platforms developed and based in Canada. CoinSmart is a publicly traded company that offers a simple and easy interface that makes trading a breeze.
With CoinSmart, you can trade confidently, knowing that it is a 100% safe and regulated platform designed with Canadian users in mind. As someone who has reviewed and tested over 50 exchanges, I find CoinSmart’s strong regulatory backing to be a significant advantage for Canadians prioritizing security and compliance. This experience highlights that CoinSmart is best suited for high-volume trades.
Great customer service
If you have decided that you would like to give Coinsmart a try then you will need to signup and create an account. They will need your full name, email, password as well as any promo code (more on this in the referral section). The guarantee is compelling because if they are unable to meet it, they will refund you the transaction fees. You have to make sure that you meet a number of other requirements such as providing the correct information and documents. So, in other words, all BTC and CAD trades will be charged at 0.3%. Of course, most of the security that one can hope for starts with your own account management.
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- Their fees are somewhat in line with industry standards but are not a selling point of using the exchange.
- In total, you can currently trade in more than a dozen cryptocurrencies with CoinSmart.
- For more advanced users, there is an “advanced trade” view and page to place trades.
In contrast, when we tested Bitbuy, the spread was just 0.24%, making it a significantly more cost-effective option for trading. You can scan the QR code on the screen with your phone, in order to continue the verification process on your phone. The best part, you don’t need to wait 3-5 days for verification and you can start trading right away. For more details about what the platform offers regarding protection for your account, the risks you take when you trade, and their privacy terms, check the CoinSmart website.
Loans Canada may receive compensation from the offers shown on its website. Are you trying to decide which crypto exchange you should use to buy and sell crypto? Find out why Coinbase is one of the most well known exchanges in… Instead of having to wait to trade cryptocurrency, your CoinSmart account can be verified instantly so you can get trading right away. Coinbase’s mobile app and interface is good, similar to CoinSmart’s, and they also, like CoinSmart, don’t really offer yeild on deposits held with them.
Advanced Features
Check FINTRAC for Coinsmart Government of Canada registration. While CoinSmart outshines Wealthsimple Crypto in terms of funding options and supported fiat currencies, Wealthsimple Crypto remains one of the best crypto platforms for beginners in Canada. CoinSmart\’s focused approach in its cryptocurrency offerings ensures that users have access to some of the most established and widely traded digital currencies in the market. CoinSmart charges 0.20% -0.30% for commission on trades between Canadian dollars and any cryptocurrency. The platform charges 0.20% for coinsmart review single trades and 0.30% for double trades.
CoinSmart mobile is available for Android via Google Play and iOS via AppStore. The Coinsmart Advanced Trade feature is for the more experienced investors. With Advanced Trade, users can use real-time charting and create more advanced order types, such as limit and stop-loss orders. Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology.
