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CoinSmart Review: Is It Worth the Fees?

Candice Reeves is a financial writer and editor based in Nova Scotia. Her work has been featured in leading publications across various industries, including CryptoVantage, The Quintessential Man, and The Greenest. Coinsmart makes it as easy as possible for you to fund your account, no matter which method you choose. This website is using a security service to protect itself from online attacks.

SmartTrade is a simple interface that allows you to purchase or sell crypto coins. It is easy to use and makes it an ideal entry point for anyone trying the platform for the first-time. Advanced traders will also find the platform useful as it offers price charts, live positions and market books.

  1. Coinsmart is a Canadian cryptocurrency exchange dedicated to breaking down the barriers of the complex crypto world.
  2. Foreign currency withdrawals are generally processed within 5 business days.
  3. This is for large-volume traders and companies that want to sell or buy orders exceeding USD 25,000.
  4. CoinSmart is not an exchange where people often complain of accounts being frozen.
  5. If you’re new to the world of trading crypto and are considering CoinSmart as your preferred exchange, this review will help you understand their offering.

As mentioned previously, the trading platform offers an all-around support experience. You can find a detailed FAQ section on the website, which covers most of the topics you might be interested in. CoinSmart also uses Bitgo and Fireblocks, which are both industry-leading cryptocurrency wallets. These services provide top-notch security for your assets and they’re constantly being updated to reflect the latest changes in the market. CoinSmart supports Interac, SEPA, wire transfers, and e-transfers as funding methods.

CoinSmart has a fun look with bright colours and cartoons. The dashboard shows everything you need to trade including options to buy, sell, and trade. You can also view your wallets, activity and simple market information.

Coinsmart Fees

It is very important to do your own analysis before making any investment. We signed up for every crypto exchange and brokerage so you don’t have to. Crypto investors want to feel at ease knowing that their assets are safe, and Coinsmart doesn’t disappoint. Obtaining a hard wallet can coinsmart review help make your assets virtually unhackable. Coinsmart also works with a data analytics company, Chainaalysis, to help detect uncertain wallet addresses and to assist in preventing crypto-related scams. Bitgo is insured through Lloyd’s of London for $100 million in case of a breach.

How Does Coinsmart work?

CoinSmart is a leading source of cryptocurrency trading in Canada. Their fees are very competitive when compared to other global companies. Both professional and novice traders can benefit from the impressive features. The CoinSmart premium investors have access to an OTC (Over-The-Counter) trading service. This is for large-volume traders and companies that want to sell or buy orders exceeding USD 25,000. You will have a dedicated account representative and optimized pricing.

The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Make sure you are also using the official website URL of your chosen exchange before depositing any money.

SmartTrade makes it extremely simple for users to buy and sell cryptocurrencies using fiat (or cryptocurrency you have already purchased). Secondly, the advanced trading platform still requires some improvement especially as it pertains to the order form functionality. There are only three types of orders that you can place and none of these have options around order life.

Withdrawal Fees

Once you have signed up then they will ask you to confirm your account with a link that they sent to your email. Once that is confirmed you are free to log back into your account and complete the verification steps. 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.

Funding Fees

The deposit fees that you are charge is contingent on the type of funding that you use. If you are funding your account in cryptocurrencies then you will not be charged any fees for the inward transaction. They also found that the other exchange options were quite complicated and not well suited to those new to cryptocurrency trading.

Coinsmart rocks!

CoinSmart has a lot of fun features such as its learn and earn program, the ability to send crypto invoices, as well as the ability to trade altcoin to altcoin. Netcoins’ mobile app and customer support are some of the highest-rated we’ve come across and its trading platform is also easy to use. 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. Users can trade among 16+ different cryptocurrencies through their desktop website or through their app, which is available on Google Play and the App Store. Netcoins has an impressive 85% excellent customer service reviews on Trustpilot with a 4.5-star rating.

Because the platform is currently only available in Canada and Europe, you must be a resident of one of those two regions. You can buy any of the digital currencies using Canadian dollars or euros in the SmartTrade section. Another popular choice for Canadians when it comes to trading crypto is Bitbuy, and we set out to see how CoinSmart measures up. CoinSmart has attractive fees and promises same-day transactions.

The platform is user-friendly, and it offers a variety of features that can be very helpful for both newcomers and experienced traders. For those new to cryptocurrency or looking for a more reliable, user-friendly, and compliant platform, Coinsmart is the ideal choice. Kucoin’s app is a bit more simple than its desktop exchange but it’s still confusing for beginners.

Fees & Spread

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