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শুক্রবার, ০৯ মে ২০২৫, ১০:৫৩ অপরাহ্ন
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CoinSmart Review 2021: Should You Use It?

নিজস্ব প্রতিবেদক
  • প্রকাশিতঃ শুক্রবার, ১৩ জানুয়ারী, ২০২৩
  • ৪১ বার পঠিত

All you need to do is accept the request and link it to your bank account. As soon as you have accepted the request, the funds will be delivered to your CoinSmart account in 1-60 minutes. For crypto trading, the fees depend on the type of trading you are doing. On CoinSmart, there are two types of trades, single and double.

I was thrilled as it was the Sunday of a long weekend and I didn’t think I would hear back until later in the week. They helped me once before also with a problem with a deposit into their platform that I was having so I really appreciate their prompt support. In total, CoinSmart offers 16 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Based on the two issues I described, I would not recommend CoinSmart. There are better exchanges out there that offer lower fees and a better user experience overall.

Say you have just opened your account and are looking to buy some Bitcoin. Our articles are written by experts in their fields (finance, trading, insurance etc.) whose signatures you will see at the beginning and at the end of each article. They are also systematically reviewed and corrected before each publication, and updated regularly.

With money in your CoinSmart account, you can begin trading crypto. CoinSmart, like many platforms, runs a referral program with a sharable link you can pass on to your friends. Both you and every referral that deposits $100 (in CAD or EUR) will receive $15. This is by no means the best referral program out there, but it is free money nonetheless.

  1. CoinSmart has a premium service for Over-the-Counter (OTC) trades.
  2. Its market presence has expanded, with access to over 40 countries and an increase in trading volume.
  3. In this case, it may take longer to verify your account, up to a couple of hours.
  4. The company’s mission is to make cryptocurrency trading accessible to everyone, regardless of experience or location.

To begin purchasing any crypto on the exchange, you’ll need to add funds to your account using Canadian Dollars (CAD). A single trade is between Canadian dollars and any cryptocurrency, and a double trade is when you trade between two currencies where one is not Bitcoin. The transaction should be completed in 1-5 business days. Canadian users have several advantages over international users.

CAD Withdrawal Methods

The best part about CoinSmart is that it’s simple to use. You don’t have to be an expert trader or crypto investor to trade on this platform. But if you are, you’ll also benefit from its advanced tools. You can get more answers from the chatbot or a consultant. A consultation with a consultant via live chat got a response in less than a minute. In this scenario, the rep was able to explain about the company relisting XRP but couldn’t say why CoinSmart’s services are unavailable to U.S. residents.

The Best Robo Advisors in Canada

CoinSmart’s CS Premium platform offers over-the-counter crypto trading to corporate and individual investors eyeing large orders. Some features provided with OTC trading include expedited KYC/AML verification, a dedicated premium account manager, deeper liquidity, and VIP access to exclusive events. No matter which option is chosen, CoinSmart will provide its SmartSupport services to all users, including 24/7 omnichannel support.

CoinSmart Review 2023: Canada’s Crypto Exchange

Yes, CoinSmart is a legitimate cryptocurrency exchange platform with multiple regulatory licenses and certifications. 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 Overview

My withdrawal took 16 hours to go through the blockchain approvals and confirmations which are typical for any trading or exchange platform. Check FINTRAC for Coinsmart Government of Canada registration. Yes, Coinsmart is considered a safe cryptocurrency exchange. They offer 2FA, never had any hacks, hold their crypto in cold storage, and are a publicly traded company which means regular audits and an added layer of safety.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback. This is, once again, really good, in regards to security and anti-money laundering regulations. While it may not be the most convenient option for those who are looking to trade some very low amounts of crypto, the general idea still stands. Once you register on the exchange, you can do two things – explore the website and get used to the UI, or pass the KYC verification and start trading. The identification is usually pretty simple – you register on an exchange, and have to provide it with your name, surname, ID, financial status, and residential address.

How long does CoinSmart verification take?

In my opinion, not notifying the user that a confirmation email was sent is a big drawback. I also found a thread on r/BitcoinCA where several coinsmart review users reported withdrawal issues. For example, on person said that the CoinSamrt app would crash each time they attempted to withdraw crypto.

Instead of filling their pages with complex financial charts and terminology, CoinSmart uses simple layouts to convey information. There is still some terminology that can confuse people, but this is a minor issue. CoinSmart offers two ways you can fund your account with CAD. With this option, you enter the amount you want to deposit and click the Send Reqeust for Deposit button. CoinSmart will send you a transfer request from Simply Digital Technologies Inc. to your email.

We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Well, that’s for now and I do hope that they continue to prove they deserve their customers’ trust. 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. Currently, the CoinSmart platform does not offer a cryptocurrency staking service to its users.

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