CoinSmart is one of the best cryptocurrency exchanges in Canada, offering easy access to cryptocurrency trading using Canadian dollars and other fiats. While cryptocurrencies like Bitcoin and Ethereum are becoming more popular among traders, many new digital coins make it difficult for everyone to keep up with the rapidly changing market. CoinSmart is a company in Canada created by a team of experienced professionals aiming to provide a safe and reliable platform for everyone who wants to learn about cryptocurrencies.
CoinSmart is a blockchain-based platform that allows users to trade cryptocurrency. It offers a variety of features, including a marketplace where users can buy and sell cryptocurrencies and a wallet where users can store their coins. CoinSmart also offers a trading platform that allows users to exchange cryptocurrencies with other investors.
CoinSmart Review
CoinSmart is a cryptocurrency exchange where customers can buy and sell cryptocurrencies, including bitcoin, Ethereum, litecoin, ripple, dash, and monero. The company is based in London, England, and was founded in 2014 by James Mitchell.
CoinSmart’s core marketing strategy is to provide an easy-to-use website with the lowest fees possible. The site offers a quick ID verification process that customers can complete in less than 10 minutes.
Features
CoinSmart is a well-known Canadian trading platform that offers a wide variety of features for traders of all levels. Some of the noteworthy features include:
1. This Canadian cryptocurrency trading platform, CoinSmart, offers a variety of features.
2. A simple and quick registration process, both registration and verification processes, take a few minutes at most.
3. The platform is easy to use for beginners and advanced traders alike.
4. It is available in parts of the world, across Asia, Europe, South America, North America, and Africa.
5. Multiple payment methods are offered in exchange for both depositing and withdrawing fiat or cryptocurrencies.
6. The exchange offers multiple advanced trading features like stop-losses and limit orders.
7. Above-par bank-level security service with 24*7 customer support is available via phone, email/live chat.
Also Check:- Crypto.com Review: Pros, Cons, and all details
Fees
Funding fees
| Funding options | Fee | Processing | Mininum | Maximum |
| Interact e-Transfer | 1.5% fee on $100 – $1,999, 0% fee on $2,000+ | Same day as received | $100 | $3,000 |
| Bank wire | 0% fee | Same day as received | $10,000 | $5,000,000 |
| Bank draft | 0% fee | Same day as received | $500 | $5,000 |
| Credit/debit cards | Up to 6% fee | Instant | $100 | $5,000 |
Withdrawal fees
| Withdrawal methods | Fee | Processing | Minimum | Maximum |
| Electronic funds transfer | 1% fee ($15 min) | 1 – 5 days | $50 | $15,000 |
| Bank wire | 1% fee ($15 min) | 1 – 5 days | $10,000 | $1,000,000 |
Crypto withdrawal fees
| Cryptocurrency | Fee | Processing |
| Bitcoin | 0.00025 | Immediate delivery |
| Ethereum | 0.01 | Immediate delivery |
| Litecoin | 0.001 | Immediate delivery |
| XRP | 0.002 | Immediate delivery |
| Tether | 25.00 | Immediate delivery |
| Bitcoin Cash | 0.0001 | Immediate delivery |
| EOS | 0.0005 | Immediate delivery |
| Stellar | 0.00003 | Immediate delivery |
| Cardano | 0.30 | Immediate delivery |
Trading fees
| Commission | 0.20% for single trade and 0.30% for double trade |
Pros and cons
Pros
1. Instant verification for new clients: Credit your deposit the same day you make it.
2. Deposits are credited on the same day it is received: The platform already lets you trade, with all fees taken out of your trading profits.
3. Versatile platform for beginners and pros: Our large variety of beginner-friendly trading tools can help even newcomers get started on the right foot.
4. 24/7 support available: We have a dedicated team ready to help whenever you need it.
5. Competitive trading fees: Trade confidently, knowing there are no hidden fees involved with Huobi Prime, our most affordable tier of trading fee options.
Cons
1. People in countries such as the United States and China can invest in cryptocurrencies;
2. Private exchanges offer a better way to invest in cryptocurrencies and avoid taxes;
3. Investors should look closely at private companies that are still available for Americans.
Conclusion
CoinSmart is one of the best platforms available for cryptocurrency investors. It offers a variety of options for buying, selling, trading, depositing, and withdrawing cryptocurrencies using multiple payment methods. The platform is also extremely competitive, with a transparent fee structure and above-par security features. Overall, it is an excellent choice for anyone looking to invest in digital currencies.