Coinsmart Review: The Pros and Cons of This Canadian Cryptocurrency Exchange


It claims that all deposits are processed almost instantly, allowing you to start trading right away. You won’t have to wait days or weeks to get your hands on your coins. Withdrawals take a little longer, with a processing time of 1-5 days. 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.

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Is price volatility keeping you from accepting crypto payments? SmartPay auto-sell your crypto on receipt and funds are wired to your bank account right away. We have all the bells and whistles of a truly advanced trading platform. Experienced traders can use limit orders, stop loss and real time charting. These services provide top-notch security for your assets and they’re constantly being updated to reflect the latest changes in the market.

Buy and sell Litecoin, Bitcoin Cash, Cardano, Stellar and more with CoinSmart. We are constantly adding digital currencies to our platform. To be a great choice for digital exchange, particularly for those who are unfamiliar with the process.

Our CoinSmart review

Dogecoin is a peer-to-peer, open, and public cryptocurrency that allows users to conduct digital transactions using a decentralized network. However, Dogecoin is truly unique because it’s the OG meme coin named after the Shiba Inu “doge” meme. CoinSmart users can avail of crypto OTC trading services through CoinSmart Premium.

  • It is an American company that was founded in 2012 and is fully regulated and licensed.
  • Due to growing interest, cryptocurrency is becoming a more popular investment.
  • CoinSmart is not affiliated with any investment advisor, broker, or third party and will never ask you for access to your account.Read more here.
  • 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.
  • As of recent, she has been studying some non-mainstream stocks in Canada.

CoinSmart is one of the best cryptocurrency trading platforms developed and based in Canada. CoinSmart is a publicly traded company that offers a simple and easy interface that makes trading a breeze. Users can trade among 16+ different cryptocurrencies through their desktop website or through their app, which is available on Google Play and the App Store.

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Once you fund your account, the next step is to start making money. Cryptocurrency is sort of an alias – it doesn’t actually mean “a currency that is cryptographic.” Simply put, it is a digital currency. Cryptocurrency can definitely be a wild ride with all kinds of news breaking daily. This article highlights some key events in the crypto ecosystem, including. CoinSmart is officially a part of the Telegram Community!

  • The platform’s Advanced Trade feature offers limit orders, stop loss and real-time charting.
  • In this article, let’s discuss the top 5 Ethereum Killers – Solana , Cardano , Fantom , Tezos , and Avalanche .
  • It is registered with Canadian regulatory authorities, including FINTRAC.
  • Cardano is one of the biggest projects in the crypto space.
  • Polkadot creates this ecosystem by utilizing these components – Parachains, Relay Chain, and Bridges.

Frustrated and disappointed with what was available at the time, they began to develop a reliable exchange that would make crypto accessible to anyone in Canada. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry. Cryptocurrency will be one of the main medium exchanges in the future. Our team сonstantly checks news & changes in the crypto world for Canadians. Besides CoinSmart, there are several other Canadian crypto exchanges to choose.

CoinSmart Staking

KOHO’s Credit Building Program helps you build a better credit history with easy to manage payments for just $10/month. Frank Mortgage is Canada’s one-stop shop for mortgages. CoinSmart has a referral program where you and the person you refer get $15 CAD if they sign up through your referral code or link and deposit at least $100 CAD.

Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service. The ability to securely store digital assets is pivotal for Bitcoin. Digital wallets store your cryptocurrency like a physical wallet stores cash.

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Besides this, all cash withdrawals will be processed within 1-5 business days, and account verifications will be completed on the same day. No-fee cryptocurrency brokerage where you can set up your account in minutes and transfer your funds at any time. It offers third-party custody, instant verification, iOS, and Android apps, no trading fees, a high level of liquidity, and competitive spreads. This is one of the company’s most important selling points.

How to Run Your Own Bitcoin Node

Competitive trading fees for crypto and free withdrawals and deposits. CoinSmart is one of the best crypto exchanges in Canada. It is registered with Canadian regulatory authorities, including FINTRAC.


Is user-friendly, and it offers a variety of features that can be very helpful for both newcomers and experienced traders. Though they are all similar in a way, they share some characteristics that make them unique and worthwhile. 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. CoinSmart is probably one of the most prominent platforms in Canada, but also one of the most important platforms throughout the world. At a beginner’s level, it is intuitive but it also has more innovative features for experienced users.

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coinsmart review is a cryptocurrency trading platform specifically tailored for Canadian cryptocurrency investors. There are fees to fund your account and to withdraw either cash or cryptocurrency, but these fees are fairly minimal. If you are looking for an easy-to-access platform to use to trade cryptocurrencies, then CoinSmart might be for you. In my mind, there are four or five what I would consider “top-tier” crypto exchanges in Canada. In other words, there are no glaring holes or flaws.


Airdrops can be defined as the process whereby a cryptocurrency company distributes cryptocurrency tokens to the wallets of some users free of charge. CoinSmart is only the second platform in Canada to achieve this relief, allowing customers to trade crypto assets directly and securely through a fully regulated platform. While certainly not the largest or most popular cryptocurrency, Litecoin offers users several advantages.

Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. Partners have no influence over our editorial staff. CoinSmart use BitGo’s cold storage service, which are insured by Lloyd’s of London for $100 million.


Labeled Verified, they’re about genuine So far, the money has not been credited to the CoinSmart account. Please reach out to and one of our agents can help troubleshoot this for you. I did a transfer to a fake account by mistake and the agent quickly cancelled the transaction. Make sure you are also using the official website URL of your chosen exchange before depositing any money. The best way to avoid this is to move your crypto to a private wallet such as a hardware wallet for safekeeping.

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