CoinSmart Better Business Bureau® Profile

We signed up for an account to see if it’s worth using in 2023. Simply choose the two coins you’d like to trade and CoinSmart will take care of the rest. CoinSmart has a lot of fun features for beginners such as its learn and earn program, the ability to send crypto invoices, as well as the ability to trade altcoin to altcoin. It could do with more altcoins, but overall, CoinSmart is an enjoyable exchange to use. It’s easy to register and you can start trading while they verify your account.

CoinSmart is a Toronto-based Canadian cryptocurrency exchange for Canadians that also allows deposits in USD and Euros. It is considered to be one of the best crypto platforms for Canadians. In fact, we rated Coinsmart as a #1 crypto exchange for Canadians for a few reasons.

CoinSmart Customer support

The two-step verification and the account appropriateness questionnaire are the last steps. In some cases, further information will be required in order to complete the verification process. In this case, it may take longer to verify your account, up to a couple of hours. Anyone based in Canada or Europe can become a CoinSmart affiliate. This is a deal which makes you money for each successful referral and also rewards the new people signing up too.

Is the only crypto exchange that offers 24/7 customer support speaks volumes. If you have questions or problems, please contact the SmartRep via email or live chat, and they will assist you in resolving the problem as soon as possible. CoinSmart is a popular choice among Canadian crypto users.

Canadian crypto companies WonderFi, Coinsquare and CoinSmart announce merger

With our exclusive CoinSmart referral code, you receive a $50 welcome bonus after depositing $200 or more into your new account. You can sign up here (including a $50 bonus when you deposit $200) and provide the required registration details . Make sure you are also using the official website URL of your chosen exchange before depositing any money. The best way to avoid this is to move your crypto to a private wallet such as a hardware wallet for safekeeping. This way only you can access your crypto, provided you keep your private keys safe.

Cash withdrawals from CoinSmart take 1 to 5 business days. What is obvious is that Canadians no longer lack access to a cryptocurrency platform that is versatile enough for both beginners and experienced traders. While crypto itself is decentralized, crypto exchanges are centralized and have the power to freeze anybody’s account if they suspect suspicious behaviour.

On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. Bitbuy is a reputable exchange that is fully regulated in Canada. It has free deposits and several of the most popular cryptocurrencies. There is an Express Trade option for quick crypto swaps and an advanced option for different order types and more advanced trading tools. A high percentage of digital assets are kept on cold storage systems that are not constantly connected to the internet, making them much less likely to be compromised.

Before you start investing you might wonder, “is CoinSmart legit?” The CoinSmart platform is recognized as being particularly safe and reliable. It is regulated by FINTRAC, which means that it has protocols and security systems that comply with legal standards in Canada. Enoch Omololu is a personal finance expert and a veterinarian. In Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade.

CoinSmart Review: The Safest Crypto Exchange?

The platform charges 0.20% for single trades and 0.30% for double trades. That means if you buy $10,000 worth of Bitcoin, you’d be charged $20 in trading fees. CoinSmart charges fees to fund your account and to withdraw funds or cryptocurrencies from your account.

You can submit a support ticket or use CoinSmart’s live chat function on their website. They offer 24/7 customer support including phone support, however, a phone number is not listed on their support page. CoinSmart states that it has a 97% customer satisfaction rate, which is pretty good. We contacted them, and our problem was resolved within a few hours.

However, approval of your application is not guaranteed. The credit provider’s final decision is made at their discretion, subject to decisioning criteria. See how CoinSmart compares directly with competing services in Canada. Easy to get set up with quick account verification. CoinSmart is aimed at people who have never used cryptocurrencies in the past. Although getting an account is easy, CoinSmart’s systems run checks to detect things like fake dates of birth and addresses among other things.

The motivation for CoinSmart’s creation was the fact that the founders had an extremely difficult time trying to fund and then get verified on other exchanges. Frustrated and disappointed with what was available at the time, they began to develop a reliable exchange that would make crypto accessible to anyone in Canada. Well, that’s for now and I do hope that they continue to prove they deserve their customers’ trust.

You can scan the QR code on the screen with your phone in order to continue the https://forex-reviews.org/ process on your phone. CoinSmart is suitable for Canadian and European residents. You can deposit both Canadian and US dollars into your account as well as Euros. Some of the products and services listed on our website are from partners who compensate us.

Our goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. With inflation increase the cost of living including groceries, the government has proposed a one-time grocery rebate for 2023. KOHO’s Credit Building Program helps you build a better credit history with easy to manage payments for just $10/month. Frank Mortgage is Canada’s one-stop shop for mortgages. CoinSmart has a referral program where you and the person you refer get $15 CAD if they sign up through your referral code or link and deposit at least $100 CAD.

• Polygon was founded by Jaynti Kananim, Sandeep Nailwal, and Mihailo Bjelic.
• It offers third-party custody, instant verification, iOS, and Android apps, no trading fees, a high level of liquidity, and competitive spreads.
• This CoinSmart review covers how it works, assets offered, fees, pros and cons, whether it is safe, and how it compares to competitors like Bitbuy, NDAX, and Wealthsimple Crypto.
• CoinSmart is aimed at people who have never used cryptocurrencies in the past.
• For beginners, CoinSmart offers many educational resources to effectively train yourself in crypto investing with a modern and fun interface.
• However, approval of your application is not guaranteed.

When they make a fiat deposit, they will receive $15 CAD, as will you. Within 5 business days, the $15 credit will apply to both accounts. The withdrawal processing time can range from 1 to 5 business days, depending on the sending and receiving bank transfer times.

What Are CoinSmart’s Fees?

Be the first to hear about the best offers, promo codes and latest news. However, CoinSmart may offer such a service in the future even though nothing has been announced. The content on this site is for informational and educational purposes only and is not intended as a substitute for professional financial advice.

Just make sure to do your research before making any investments. Have a short processing time and can be withdrawn almost instantly. The referral bonus is credited within five business days. 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.

With CoinSmart’s focus on making crypto accessible, they’ve doubled down with reassuring features and policies for new users. Fee applies to credit card and debit card deposits. 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. CoinSmart is a cryptocurrency exchange founded in 2017 and based in Toronto. CoinSmart did not send any communication to me or obtain my approval before they sold my crypto. Then they said the crypto value dropped is the reason my account balance is lower than I expected.

In this CoinSmart review, we’ll go over the features, security, and fees to help you decide if this is the right platform for you. Competitive trading fees for crypto and free withdrawals and deposits. Oleg is a Canadian citizen & crypto expert who has been trading since 2016.

The coinsmart review comes at a time when the price of Bitcoin is starting to regain ground after plummeting in 2022, losses that deepened in the wake of the FTX crash. Year-to-date, prices have recovered about 69 per cent to $37,985. The deal comes at a time when the price of Bitcoin is starting to regain ground after plummeting in 2022. Matthew joined the Loans Canada writing team in 2021 while was finishing up a Bachelor’s degree at the University of Saskatchewan.