Thinking about using the Coinsmart crypto exchange to buy and sell your digital assets?
Not sure if it's the right platform for you?
In this review, we'll take an in-depth look at everything the Coinsmart exchange has to offer, from fees and security to supported currencies and customer service.
By the time you're finished reading, you'll know whether the Coinsmart exchange is the right choice for your crypto trading needs.
Coinsmart Review
TL;DR:
- Low Trading Fees compared to other exchanges
- State-of-the-Art Security for your hard-earned money
- Smaller selection of currencies than other exchanges
- Excellent customer service
- Advanced Trading Platform and Registered Canadian Bank
If you're interested in taking Coinsmart for a spin, use this link to sign up and support this blog and these kinds of reviews.
Coinsmart Fees
Let's start with perhaps the most important factor in any crypto exchange review: fees.
Coinsmart charges a 0.20% taker fee and a 0.10% maker fee on all trades.
These are both relatively low compared to other exchanges; for instance, Binance charges a 0.1% taker fee and a 0.0% maker fee.
So if you're looking to save on trading fees, Coinsmart is worth considering.
Coinsmart Security
Security is always a top priority when choosing a crypto exchange, and rightfully so—after all, you're trusting the platform with your hard-earned money.
So how does Coinsmart stack up in this department?
For starters, all of the platform's hot wallets are covered by insurance in case of hacks or theft.
In addition, Coinsmart employs state-of-the-art security measures like 2-factor authentication and IP whitelisting to protect your account from unauthorized access.
All in all, I'm impressed with Coinsmart's commitment to security; it's clear that they take their users' safety seriously.
Coinsmart Supported Currencies
The next thing to consider is which currencies the exchange supports.
After all, there's no point in signing up for an account on an exchange that doesn't trade the coins you're interested in buying or selling.
Coinsmart currently supports BTC, ETH, LTC, BCH, XRP, and EOS; while this isn't the widest selection of coins we've seen, it should be more than enough for most traders.
We'd like to see them add support for more altcoins in the future, but overall we're satisfied with the coins they currently offer trading pairs for.
Coinsmart Customer Service
If you ever run into any problems while using the Coinsmart platform, their customer service team is always happy to help.
I contacted them with a few questions about setting up my account and I was pleased with both the speed and quality of their responses.
They know what they're doing, and they're more than happy to share their knowledge with users who need assistance. No matter what issue you're having, chances are good that the customer service team will be able to help you resolve it quickly and effectively.
Getting Started With Coinsmart
It's easy to get started with a Coinsmart Account.
Simply head over to the Coinsmart website and create an account.
Create a username and a strong password.
You'll need a government issued ID to create a Coinsmart Account. You can also prove your identity with a recent utility bill.
Once this is complete, you'll have access to their trading platform and wallet services.
So if you're looking for a reliable crypto exchange that offers low trading fees, top-notch security, and excellent customer service, check out Coinsmart today!
Once you've verified your email address, you'll be ready to get started trading on the platform.
Since we're talking about your money here, be sure to set up the two factor authentication system to add an extra layer of security.
How To Fund Your Coinsmart Account
To fund your Coinsmart account, click the "Deposit" tab and follow the instructions to transfer funds from your bank account via bank wire, bank draft, debit card, or credit card.
Once your deposit has been verified and processed, you'll be ready to start trading cryptocurrencies on the Coinsmart platform.
How To Buy Crypto On Coinsmart
Buying crypto on Coinsmart is easy. Simply click the "Buy" tab and choose which type of order you'd like to place: market, limit, or stop-limit.
Enter the number of coins you want to purchase, and the price you're willing to pay for them, and then just hit Buy when you're ready to complete your order.
If you have any questions about purchasing cryptocurrencies on the Coinsmart platform, be sure to reach out to their customer service team—they're always happy to help! You'll be in touch with a dedicated account representative that will help you with any issues with the Coinsmart Services.
Coinsmart Frequently Asked Questions
How can I buy Bitcoin with CoinSmart?
To buy Bitcoin on CoinSmart, simply navigate to the "Buy" tab and choose your desired order type. Enter the number of coins you want to purchase and the price you're willing to pay, then click "Buy" when you're ready to complete your order.
How long does it take for my account to be verified?
The verification process can take anywhere from a few minutes to a few days, depending on the documentation you submit and how quickly your bank can verify that information. In most cases, however, your account will be verified within a day or two.
Is CoinSmart regulated in Canada?
Yes, CoinSmart is a regulated cryptocurrency exchange in Canada. They are fully compliant with all relevant regulations and have been approved to offer services across the country. If you have any questions about their regulatory status, be sure to reach out to their customer support team for more information.
How do I deposit money into CoinSmart?
There are several ways to deposit money into your CoinSmart account, including via bank wire transfer, credit card, or bank draft. Simply navigate to the "Deposit" tab on the dashboard and follow the instructions provided to get started. Once your deposit has been processed and verified, you're ready to start trading cryptocurrencies on the CoinSmart platform.
Can I buy Shiba on CoinSmart?
Yes, you can buy Shiba on CoinSmart. Simply navigate to the "Buy" tab and choose your desired order type. Enter the number of coins you want to purchase, along with the price you're willing to pay for them, then click "Buy" when ready to complete your order. Does Coinbase work in Canada?
Where can I buy Bitcoin in Canada?
One of the most popular exchanges for buying Bitcoin in Canada is Coinbase. With fast, secure transactions and low fees, Coinbase makes it easy to buy Bitcoin quickly and easily from anywhere in Canada.
What is Coinsmart Premium?
Coinsmart Premium is a premium service that offers additional features and benefits to users of the Coinsmart platform. Some of these benefits include higher trading limits, priority customer support, and access to a dedicated account manager. To learn more about Coinsmart Premium and how you can sign up for this exclusive service, visit the CoinSmart website today!
Are There Deposit Fees with Coinsmart?
Yes, there are deposit fees with Coinsmart. Each method of deposit has its own associated fee, so be sure to check the CoinSmart website for more details on these charges. However, most deposits are processed within a day or two, so you won't have to wait long to start trading on the Coinsmart platform.
If you have any questions about purchasing cryptocurrencies on Coinsmart, be sure to contact their customer support team for more information. You can reach out to them by phone or email, and they will be happy to help you with any issues you may have.
Does Coinsmart Allow You To Buy Bitcoin Cash?
Yes, Coinsmart allows you to buy Bitcoin Cash on their platform. Simply navigate to the "Buy" tab and choose your desired order type. Enter the number of coins you want to purchase, along with the price you're willing to pay for them, then click "Buy" when ready to complete your order. You can also learn more
How Does Coinbase Manage My Crypto Assets?
Coinbase manages your crypto assets by storing them in a secure digital wallet. This wallet is designed to keep your coins safe and secure at all times, while also allowing you to easily send and receive funds from other users on the Coinbase platform.
Do Crypto Withdrawals Incur Fees on Coinbase?
There may be fees associated with cryptocurrency withdrawals on Coinbase, depending on the specific coin and method of withdrawal that you choose. To learn more about these fees and how they are calculated, it is best to contact customer support directly for assistance.
How Do I Access My Account on Coinbase?
To access your account on Coinbase, you will need to log in using your email address and password. Once logged in, you can navigate to the dashboard to view your balances, make trades, or send funds to other users on the platform. If you are having any issues accessing your account, contact Coinbase customer support for assistance.
Is CoinSmart Legit?
Yes, CoinSmart is a legitimate cryptocurrency exchange platform. With fast transactions, low fees, and easy-to-use tools and features, CoinSmart makes it simple for anyone in Canada to buy and sell cryptocurrencies quickly and easily.
What is the Coinsmart Report?
It is a monthly publication that provides in-depth analysis and insights into the cryptocurrency market. Featuring information on everything from trends and price fluctuations to new coins and trading strategies, it is an essential resource for anyone who wants to stay up-to-date with all things crypto.
Are There Other Canadian Exchanges That Handle Crypto?
Yes, many other Canadian exchanges handle crypto. Some of the most popular options include QuadrigaCX, Coinsquare, and Kucoin.
To find out which exchange is right for you, be sure to do your research and compare different features and fees before making a final decision.
Is Coinsmart Safe for Crypto Trading?
Yes, Coinsmart is a safe and secure platform for crypto trading. All of their servers are protected with state-of-the-art encryption, and they offer tools like two-factor authentication to keep your funds as safe as possible at all times.
Does Coinbase Have Live Support?
Coinbase does not currently offer live support. However, they do have comprehensive FAQs and customer support via phone or email for any additional questions you may have about their platform.
Conclusion:
I hope you enjoyed my Coinsmart Review!
All things considered, I'm impressed with what Coinsmart has to offer as a cryptocurrency exchange.
Their fees are low, their security is top-notch, they support a decent selection of cryptocurrencies, and their customer service is responsive and helpful.
If you're looking for a new crypto exchange to try out, we recommend giving Coinsmart a shot—you won't be disappointed!
