CoinSmart Review (May 2022): Canada’s #1 Crypto Exchange

Founded in 2018, CoinSmart is one of Canada’s fastest-growing and most trusted cryptocurrency platforms. It’s an easy way for Canadians to buy and sell digital currencies like Bitcoin, Ethereum and more, making it the ideal exchange for Canadians who want to invest in the booming cryptocurrency markets. Once you’ve opened and verified your CoinSmart account, you can fund your account using INTERAC e-Transfer, wire transfer, bank draft, cryptocurrency, or your credit or debit card. CoinSmart’s SmartGuarantee guarantees that all deposits are credited to your account the same day CoinSmart receives them, all cash withdrawals are processed within 5 business days, and all account verifications are processed same day. To start off this CoinSmart review, let’s look a bit deeper at CoinSmart’s pros, cons and features so you can get a better feel for what they have to offer.

What Is CoinSmart?

CoinSmart is Canada’s leading cryptocurrency exchange. It’s an online platform where you can buy and sell digital currencies like Bitcoin and Ethereum. Digital currencies are a fast-growing asset class where you can make money both when the prices are rising and falling. If you buy low and sell high, you make a profit. If you buy high and sell low, you lose money. Because there is so much uncertainty involved in trading cryptocurrencies, many newcomers are hesitant to get involved. That’s where CoinSmart comes in.

CoinSmart Pros

Before we dive into the nitty-gritty of this CoinSmart review, let’s look at the features that are going to make this the number one choice for many Canadian crypto traders. Pros

Features

This Canadian exchange has been rated one of the best in the country because of a few key features.

Bank-Level Security

CoinSmart’s security features are top-notch. They’ve partnered with McAfee and use VISA’s security protocol to keep your assets safe. You can rest assured knowing the team behind your online financial security will do everything in their power to protect your assets from fraud.

Excellent Customer Support

This is an area where CoinSmart really stands out. Getting support for your concerns, questions or issues is extremely easy. First, you can connect with the team 24/7 through email or live chat. You can also reach them by phone from 8 am to 10 pm EST daily. You can also find a wealth of information on their website.

Instant Account Verification

Unlike other Canadian cryptocurrency exchanges, CoinSmart makes it easy to get verified and start trading. Their automated verification process takes a few minutes and doesn’t require you to send them a bunch of documents.

Cryptocurrencies On CoinSmart

CoinSmart lets you trade more than just Bitcoin. You can also buy and sell Ethereum, Litecoin, Bitcoin Cash and a handful of other popular altcoins.

CoinSmart Fees

When you trade on CoinSmart, you’ll pay competitive fees. When you buy cryptocurrency, you’ll pay a fee of 1.49% of your total purchase. When you sell cryptocurrency, you’ll pay a fee of 0.25% of your total sale. CoinSmart’s fees are lower than what you’ll likely find in the U.S. But they are a bit higher than what you’d find in Europe.

Excellent Mobile App

You can access your CoinSmart account 24/7 on the go via the mobile app. The app is simple and easy to navigate, making it a great option for beginner and veteran traders alike.

Conclusion

All in all, CoinSmart is an easy-to-use platform that makes it easy to buy and sell cryptocurrencies. It’s got a host of security features and excellent customer support to back it up. If you’re ready to start investing in cryptocurrencies like Bitcoin and Ethereum, then you’ll want to sign up for CoinSmart today. It’s one of the easiest and most secure ways to get started trading digital currencies.