CoinSmart trading System and similar trading websites
The Coinsmart platform is one of the few regulated platforms in Canada that offers simple yet effective tools and services for online cryptocurrency trading. So who is this platform for and what are its specificities? How do I make deposits and withdrawals and what are the fees charged for all transactions? Discover a complete presentation of the Coinsmart platform and our opinion about its services and advantages.
CoinSmart rewards new users with $20 since 2018 on their first deposit. Sign up here and claim your $20 NOW: Coinsmart.com
- Coinsmart gives access to a simple offer limited to the 11 best cryptocurrencies
- Deposits and withdrawals on Coinsmart are easy and fast
- Coinsmart offers a mobile application recognized for its quality
- Coinsmart platform benefits from FINTRAC regulation in Canada
- Coinsmart offers a wide range of educational resources for beginner investors
Our opinion on the Coinsmart platform
Our take on Coinsmart is that this platform is arguably one of the largest in Canada, but also one of the largest across the world. It is both simple and packed with more innovative features, so it is suitable for novices and professionals alike.
On Coinsmart, you can use several payment methods whether to buy, sell or withdraw crypto-currencies and the fees are particularly transparent and without unpleasant surprises.
For beginners, CoinSmart offers many educational resources to effectively train in crypto investing with an interface that is both modern and fun.
Although the offer of crypto-assets could be a bit more extensive, CoinSmart is still a pleasant platform to use and it is even possible to start trading during account verification.
The advantages of the Coinsmart platform
- Fast, same-day deposits supported
- Various means of payment
- A quick and simple verification process
- Many learning resources
- Easy Cryptocurrency Trading
- Benefit from the support of a Canadian bank
- Regulated by FINTRAC
Cons of the Coinsmart platform
- High fees on some deposit methods
- Withdrawal fees also high in fiat currencies
- A limited supply of crypto-assets.
What profile is the Coinsmart platform aimed at?
The Coinsmart platform is primarily designed for beginners or inexperienced investors who want to take their first steps with cryptocurrencies.
The offer is thus relatively limited but there is no shortage of learning resources.
More seasoned investors will also find it of interest since the platform also includes more advanced features such as charts and price analysis tools.
What fees and prices does Coinsmart apply?
| Deposit fees |
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| Withdrawal fee | 1% |
| Transaction fees |
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The Coinsmart platform of course charges a certain number of fees on the operations offered to its users, including:
- Card deposit fees of up to 6%
- Fees of 0 to 1.5% for deposits by Interac transfer
- Transaction fees of 0.20% for a single transaction and 0.40% for a double transaction
- 1% withdrawal fee
Bank transfer deposits are free at Coinsmart, which is not the case with all platforms. Indeed, depending on the platform chosen, the fees applied and the services offered will not be the same. Compare the best cryptocurrency exchange platforms to select the most suitable for your needs.
What is the Coinsmart platform?
Coinsmart is a platform that was created with the aim of democratizing cryptocurrency trading. It is also a listed company.
Security is another specificity of this crypto-asset exchange platform and Coinsmart also offers an application to simplify tax declarations for its users .
With a limited supply of cryptocurrencies, Coinsmart aims above all for simplicity and thus enables crypto buying, selling and trading for everyone.
What are the features of Coinsmart?
- Year of creation : 2018
- Regulatory : FINTRAC
- Number of assets available : 11 cryptocurrencies
- Minimum deposit : $15
- Customer service : chat and email
- Fiduciary deposits and withdrawals : 0 to 6%
- Crypto withdrawals : variable depending on the crypto
- Means of payment : credit card, bank transfer, crypto-assets
- Other assets : none
- Required level : none
- Features : NFT, mobile app, GetSmart hub
What services does Coinsmart offer?
Coinsmart offers some specific services in addition to buying, selling and trading cryptocurrencies.
- The GetSmart Hub : This is a platform of resources and learning modules dedicated to beginners but also to investors who wish to improve and which integrates blog articles, practical guides and various other content.
- NFT Marketplace : Recently, CoinSmart partnered through an asset placement on the Cross-Chain Bridge NFT Marketplace and another partnership with Curate to facilitate earning on listed NFTs.
- A mobile application : Coinsmart also offers a mobile application which is among the most efficient on the market and which allows you to buy and sell crypto-currencies on the move.
Having an overview of all the services offered by crypto-currency platforms will allow you to select the most suitable for your investor profile, at a lower cost.
What cryptocurrencies are available on Coinsmart?
Coinsmart does not offer a wide range of assets to invest in on its platform and has even recently reduced the number of available cryptocurrencies in order to support only qualitative projects. You will therefore only be able to exchange the most popular tokens of the moment, including:
- BitcoinBTC
- Ethereum ETH
- Litecoin LTC
- USD Coin USDC
- Bitcoin Cash BCH
- EOS EOS
- Stellar Lumens XLM
- Cardano ADA
- Dogecoin DOGE
- Polkadot DOT
- Shiba Inu SHIB
- Chainlink LINK
- Uniswap UNI
Can you practice staking with Coinsmart?
Nope ! Currently, the Coinsmart platform does not offer a cryptocurrency staking service to its users.
However, it is not impossible that Coinsmart will offer such a service in the future even if no such information has been communicated at the moment.
Is the Coinsmart platform reliable and secure?
The Coinsmart platform is recognized as being particularly safe and reliable and is also regulated by FINTRAC, which implies that it complies with security protocols and systems that comply with legal standards in Canada.
Coinsmart also benefits from the support of a registered Canadian bank which guarantees the capital wagered and the possibility of withdrawing it at any time.
Coinsmart also secures the transactions, data and assets of its customers by various means including:
- Cold Stored Wallets : Coinsmart user wallets are cold stored on offline servers.
- Strong authentication : Coinsmart also features a 2FA two-factor authentication system for enhanced security.
How does referral work at Coinsmart?
Coinsmart also offers a referral and affiliate offer which allows you to earn additional bonuses .
As part of this offer, both the sponsor and the godchild each receive $15 once $100 Canadian has been transferred to the godchild's Wallet.
To do this, all you have to do is send your referral link to the people you want to invite to the platform.
What are the alternatives to Coinsmart in Canada?
In Canada, Coinsmart competes with other cryptocurrency exchanges. Here is a comparison of its services with those of alternatives:
Coinsmart VS Binance
| Coinsmart | Binance | |
|---|---|---|
| Advantages |
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| Disadvantages |
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| Cryptocurrencies | 11 | 250 |
| Transaction fees |
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| Deposit fees |
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| Withdrawal fee |
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Compare the best online cryptocurrency exchange platforms
Coinsmart VS Coinbase
| Coinsmart | Coinbase | |
|---|---|---|
| Advantages |
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| Disadvantages |
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| Cryptocurrencies | 11 | 42 |
| Transaction fees |
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| Deposit fees |
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| Withdrawal fee |
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Coinsmart VS Kraken
| Coinsmart | kraken | |
|---|---|---|
| Advantages |
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| Disadvantages |
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| Cryptocurrencies | 11 | 50 |
| Transaction fees |
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| Deposit fees |
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| Withdrawal fee |
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Coinsmart VS BitBuy
| Coinsmart | BitBuy | |
|---|---|---|
| Advantages |
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| Disadvantages |
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| Cryptocurrencies | 11 | 12 |
| Transaction fees |
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| Deposit fees |
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| Withdrawal fee |
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Coinsmart VS Coinhouse
| Coinsmart | Coinhouse | |
|---|---|---|
| Advantages |
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| Disadvantages |
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| Cryptocurrencies | 11 | 300 |
| Transaction fees |
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| Deposit fees |
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| Withdrawal fee |
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Coinsmart VS VirgoCX
| Coinsmart | VirgoCX | |
|---|---|---|
| Advantages |
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| Disadvantages |
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| Cryptocurrencies | 11 | 30 |
| Transaction fees |
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| Deposit fees |
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| Withdrawal fee |
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You can also compare Coinsmart to other platforms using our online tool .
| Platform | Costs | Our opinion | |
|---|---|---|---|
 Coinhouse | Spread: FREE No Minimum Deposit | Best trading platform in France 2 platforms available suitable for beginners and experienced profiles. Reliable, regulated and secure platform Excellent, professional and responsive customer service | |
 Youhodler ⭐️ 4.6 / 5 | Spread: 0.45% Minimum deposit: $1 | Best platform for staking and lending Advanced trading tools available Crypto assets insured up to $150 million Ultra flexible loan repayment offer Up to 12% interest on stablecoins | |
 VirgoCX ⭐️ 4.5 / 5 | Spread: 0.50% Minimum deposit: $1 | Best Platform for Funds and Data Security Regulated by Canadian financial organizations (FINTRAC and FINTRAC) High level of protection of user data and funds Very attractive trading fees Customer service available 24/7 by email and live chat | |
 Coinsmart | Spread: 0.20% Minimum deposit: $100 | Fund deposit available same day and fast withdrawal Crypto assets held offline and insured up to $100 million Variable crypto withdrawal fees | |
 Crypto.com | Spread: 0.36% Minimum deposit: $1 | Relatively low and transparent fees Crypto payment card available Interface not very intuitive | |
 Kriptomat ⭐️ 3.9 / 5 | Spread: 0.45% Minimum deposit: $35 | Easy to use, suitable for beginners Offers a safe and secure digital wallet Fairly basic and not very innovative features | |
 Nexo ⭐️ 3.7 / 5 | Spread: 2% Minimum deposit: $1 | Suitable for long-term investors Ability to make crypto loans Reliable platform with strong and advanced security system | |
 Gemini ⭐️ 4.2 / 5 | Spread: 0.15% No Minimum Deposit | Decreasing costs according to the volume Automated trading possible via 3 different APIs Clear, simple and pleasant interface | |
 Binance | Spread: 0.10% Minimum deposit: $50 | Very wide choice of cryptocurrencies Zero deposit fees per transfer Ergonomic and very functional platform | |
 Trade Republic | Spread: 0.90% Minimum deposit: €1 | Rather low trading fees (decreasing according to volume) Many features (stop loss, take profit, leverage, staking) Customer service to improve |
How to deposit money on Coinsmart?
On Coinsmart, you can make money deposits in two different ways either by bank transfer and Interac transfer. The credit card is used to make direct payments.
To make an Interac transfer, follow these few steps:
- Click on the “Deposit” button from your Coinsmart account
- Click on “Interac transfer”
- Enter the amount to deposit and click on “Send deposit request”
- Check your mailbox and confirm the transfer by clicking on the link contained therein.
The Interac transfer is usually processed in less than an hour.
For a deposit by classic bank transfer, follow these few steps:
- Click on “Bank transfer”
- Enter the amount you wish to credit to your account
- Click on “Confirm deposit amount”
- Note the reference number received and proceed with the transfer from your bank.
How to withdraw your crypto on Coinsmart?
From Coinsmart, you can easily withdraw money to your bank account or transfer your cryptocurrencies to another wallet .
For foreign currency withdrawals, here are the steps to follow:
- Click on the “Wallet” tab at the top of the page
- Click on the “Fiat” tab and then on “Withdraw” under the chosen currency
- Choose the option and the desired withdrawal method
- Enter the requested information and upload a document to confirm your name and account information.
Currency withdrawal processing is usually processed within 5 business days.
To transfer cryptocurrency from Coinsmart to another wallet, follow these steps:
- Click on “Wallet” in the menu at the top of the page
- Click on “Crypto” and select the token you want to transfer
- Click “Withdraw” at the bottom of the page
- Enter withdrawal information
- Indicate the address of your external wallet as well as the amount you wish to transfer
- Click “Submit”
- Click on “Accept” to start the procedure
- Enter your 2FA code and validate by clicking on the link received by email
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