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It was founded in 2018 by Justin Harzman as well as Jeremy Koven. Exchange CAD for a variety of different cryptocurrencies. If your account is frozen you will need to contact CoinSmart’s support team.
- Its market presence has expanded, with access to over 40 countries and an increase in trading volume.
- If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
- Canadians who are considering opening a Coinbase account need to be aware that you cannot sell your crypto and transfer directly to your bank account.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Featuring limit orders, stop loss, and real-time charting, you can place customized orders using our order book functionality regardless of your trading volume. Now that’s customer service and why we can boast a 97% customer satisfaction rate. All Deposits are in your account the same day we receive them. To be a great choice for digital exchange, particularly for those who are unfamiliar with the process. ’s altcoin offering, which may be a deciding factor for some users. And allows you to withdraw funds whenever you want.
These coinsmart review prevent hackers from accessing them and stealing the cryptocurrency inside. Simply create a CoinSmart account, verify it, copy your referral link, and share it with people you know. 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.
Crypto Assets on CoinSmart
It also usesBitGo, an institutional digital currency custodian for crypto market leaders, to store its assets. Do you feel that you can convince your friends and family to join Coinsmart? If yes, then you will earn some money through the referral program. For every person who enters using your link or code, and they make their first fiat deposit ($100 and above), you get $15.
For example, OSC banned Binance which was a popular crypto exchange for Ontarians. With Coinsmart, you are 100% safe if you are Canadian. Canada’s largest robo-advisor also deals in Crypto.
You can scan the QR code on the screen with your phone in order to continue the verification process on your phone. It’s necessary to submit an ID to help prevent fraud and money laundering. Our goal at RetireHappy is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. Wealthsimple Crypto may not appeal to sophisticated traders who need maximum functionality, but it’s a great way for beginner traders to get started. Coinbase will ask you to provide some basic personal information, including your date of birth and address. They’ll also ask you some basic questions, such as your employer and occupation.
- It claims that all deposits are processed almost instantly, allowing you to start trading right away.
- There are no fees for deposits and withdrawals, however, Wealthsimple’s trading fees of 1.5% to 2% are higher than many competitors.
- You can deposit both Canadian and US dollars into your account as well as Euros.
- This means that even if someone were to hack your account, they could not access it unless you gave them permission.
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All of them are aimed at providing a better experience for users, whether they are new to trading or have been doing so for years. It has grown to be one of the most popular options for Canadian users over the years. Its market presence has expanded, with access to over 40 countries and an increase in trading volume. For beginners, CoinSmart offers many educational resources to effectively train yourself in crypto investing with a modern and fun interface. Most CoinSmart reviews are very positive about the platform’s user interface.
With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades. You can easily withdraw money to your bank account or transfer your cryptocurrencies to another wallet. To protect your coins from hackers, the company keeps most of them in cold wallets where they have no access to the internet. This practice is the industry- standard for ensuring crypto asset security, and CoinSmart uses Bitgo wallets.
Want to Consider Other Options?
That means if you buy $10,000 worth of Bitcoin, you’d be charged $20 in trading fees. CoinSmart is led by a fantastic group of individuals with diverse skill sets. The team is working 24X7 to offer dogecoin and other major cryptocurrencies to its users. Dogecoin can be sent to anyone in the world so long as they have an Internet-enabled device. In addition, the transaction fee is very low when transferring money, which makes it highly preferable for people who use digital currencies. Bitcoin may be the most popular choice when it comes to cryptocurrency, but Dogecoin can also give Bitcoin a run for its money in terms of overall value.
CoinSmart is one of the best cryptocurrency exchanges in Canada, offering easy access to cryptocurrency trading using Canadian dollars and other fiats. While CoinSmart doesn’t offer as many cryptocurrencies as other exchanges, they do support the most popular and established coins. Fees are competitive against the market and the service guarantees are reassuring for their target market of novice traders. When you leave your digital assets on an exchange you are leaving them vulnerable to hackers who can steal your assets. Even some of the most popular crypto exchanges such as Binance and Crypto.com have fallen victim to hacks. Other reviewers are not so happy and criticize CoinSmart’s slow withdrawal of funds, lack of customer support, and lost deposits.
Coinbase Review: A Legit Crypto Exchange for Canadians?
We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.
In addition to the purchase fee, you will pay about 0.50% on the spread when you buy and sell. This is also higher than the leading Canadian crypto exchanges. CoinSmart is the easiest to use cryptocurrency trading platform.
Wealthsimple Crypto
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. They also have an Advanced Trade feature for users who are more experienced with crypto and would like to use advanced tools. Once funds are in your account, go to your dashboard and select “buy” next to the crypto you want to purchase. Previously, they had issues with iOS compatibility. Keep in mind, that app has limited functionality, I would still recommend using the desktop app on their website. Not only the exchange is registered with FINTRAC but they are also granted status by Ontario Securities Commission .
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. Check out our guide to the best crypto staking platforms.
You can https://forex-reviews.org/ Canadian dollars using Interac e-Transfer, wire transfer, or bank draft. You can deposit Euros via SEPA, wire transfer or bank draft and USD via wire transfer. The ability to purchase crypto using debit and credit cards is also available, as long as your bank allows it. The withdrawal processing time can range from 1 to 5 business days, depending on the sending and receiving bank transfer times. This is one of the company’s most important selling points.
Our team сonstantly checks news & changes in the crypto world for Canadians. It uses plenty of cartoon-like icons, large fonts, and bright colours which makes it the cutest Canadian crypto exchange we’ve seen. There was a $15 withdrawal fee, meaning our total received was $81.11.
The same fee applies when you make a crypto asset trade that involves Bitcoin. Well, that’s for now and I do hope that they continue to prove they deserve their customers’ trust. CoinSmart has a premium service for Over-the-Counter trades. CoinSmart’s OTC Desk supports CAD, GBP, EUR, JPY, USD and more.
Despite its somewhat limited availability, the service is worth checking out, especially if you’re looking for a reliable way to buy, sell or trade cryptocurrencies. Just make sure to do your research before making any investments. The two-factor authentication is a great security measure, as it adds an extra layer of protection. In case your account is ever hacked, the intruder won’t be able to do much without access to your phone. Cash, Stellar, EOS, USD Coin, Cardano, Dogecoin, Polkadot, Shiba Inu, Chainlink, Uniswap, Solana, Polygon and Avalanche. This extensive list of currencies is admirable, as other platforms such as Shakepay only offer two options.
If they can’t verify you, you will provide a copy of your ID, a utility bill, and a photo holding a paper with the word ‘Çoinsmart’ and the day’s date. You will go through the usual procedure of filling in your personal information including the name and email address. Go to the Coinsmartregisterpage to begin the process of opening your account. Do you need to renew your permanent resident card?