CoinSmart Reviews Read Customer Service Reviews of coinsmart com
You can earn crypto by completing educational tutorials that are designed to teach you about different types of crypto. You can access the available video courses from your crypto account. Visit the Canadian Securities Administrators’ website for a list of crypto asset trading platform decisions in other jurisdictions. All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.
Here’s what crypto trading platforms can say in their advertising. Coinbase is a global crypto platform that’s popular in the US. Unfortunately, it doesn’t work so well for Canadians, due to several limitations. For starters, you can’t link a Canadian bank account, which forces you to send withdrawals to PayPal first. And when you fund your account via debit, there’s a 3.99% fee, before you’ve purchased your crypto.
Deposit and Withdrawal Methods & Fees
CoinSmart also has a SmartGuarantee where CoinSmart commits to processing verification requests and deposits on the same day they are received. We were met with several terms and conditions to agree with. Keep in mind, that app has limited functionality, I would still recommend using the desktop app on their website. CoinSmart uses a verification https://forex-reviews.org/coinsmart/ process that can detect fake information by using a database offered by data collection agencies. CoinSmart states it is able to verify a user’s identity while keeping the data secure, but they do not go into detail about this. We withdrew Canadian dollars from CoinSmart to our bank account, which takes up to five days to process.
- Unregistered platforms operating in Nova Scotia that are non-compliant may be included on the Investor Alerts Database and subject to regulatory action, including temporary orders.
- No charges are made for CAD deposit or withdrawal, which is always a nice perk.
- My withdrawal took 16 hours to go through the blockchain approvals and confirmations which are typical for any trading or exchange platform.
- Beginners will appreciate Bitbuy’s Express Trade platform, while experienced traders can take advantage of the advanced Pro Trade platform.
We try our best to bring you up-to-date, educational information to help you decide the best solution for your individual situation. The information and tools that we provide are free to you and should merely be used as guidance. You should always review the terms, fees, and conditions for any loan or financial product that you are considering. A consensus among CoinSmart reviews is that it’s a great choice, especially for those who are new to the world of cryptocurrency exchange. The platform is user-friendly, and it offers a variety of features that can be very helpful for both newcomers and experienced traders. CoinSmart also allows users to trade altcoin to altcoin without having to trade to Bitcoin or Ethereum first.
Scam #5: Fake CoinSmart Employee Calls
These types of questions are common when signing up to Canadian crypto exchanges and their reasoning is that they can protect you by setting suitable trading limits to your account. Therefore, the way forward is for financial experts to review cryptocurrency exchanges so that their clients and followers know where to invest. Coinbase has its own Visa Debit card, known as Coinbase Card. The card makes it easy to spend your cash or crypto, and you can earn crypto rewards on every purchase. Unfortunately, the card isn’t available to Canadian users at this time.
You can use CoinSmart to buy cryptocurrencies like Bitcoin, Ethereum, Litecoin, Solana, Tether, Uniswap, Polkadot, and Bitcoin Cash in Canada. This CoinSmart review covers what you need to know about the platform. With our exclusive CoinSmart referral code, you receive a $50 welcome bonus after depositing $200 or more into your new account. We use dedicated people and clever technology to safeguard our platform.
Crypto exchange Coinsquare shelves plans to acquire rival CoinSmart
The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. CoinSmart is a crypto trading platform that allows you to invest and trade in cryptocurrencies. CoinSmart was created with the goal to democratize the world of cryptocurrency investments. CoinSmart is “designed for beginners and built for experts”.
- In a rapidly growing market, it’s important to have a platform that supports a variety of coins.
- The way fees are charged is transparent and there aren’t any nasty surprises.
- 2 Products with instant approval have a provisional decision within 60 seconds.
- 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.
- We may receive compensation from companies that we work with for placement of their products or services on our site.
The customer service is available 24/7 and always ready to answer any inquiries. This arrangement is in line with similar platforms, including Bitbuy and its round-the-clock support team. 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. In a rapidly growing market, it’s important to have a platform that supports a variety of coins. This extensive list of currencies is admirable, as other platforms such as Shakepay only offer two options.
Does CoinSmart have a demo account for paper trading?
CoinSmart has several ways to keep its customers and their cryptocurrency safe. The platform has a two-factor authentication system which can be used to require two passwords to access an account. It also uses a comprehensive identity verification process to prevent fraud. Finally, CoinSmart keeps its customers’ cryptocurrency safe by keeping it in cold wallets that do not have access to the Internet. These wallets prevent hackers from accessing them and stealing the cryptocurrency inside.
It’s not terrible but isn’t as convenient as the options provided by most Canadian cryptocurrency exchanges, like Bitbuy and Coinsmart. Unfortunately, Coinbase doesn’t disclose this detail very clearly on its website. 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. We think CoinSmart is a legitimate Canadian cryptocurrency exchange and if you want to spend USD or Euros as well, then CoinSmart is a great choice.
Although getting an account is easy, CoinSmart’s systems run checks to detect things like fake dates of birth and addresses among other things. This is by far one of the biggest questions on almost every newcomer’s mind.
