CoinSmart Review: The Best Place to Buy, Sell and Accept Cryptocurrencies

If you prioritise a simple and easy-to-use platform with discounted trading fees for high-volume traders, then Bitbuy may be better. Since its inception, the platform has expanded its services and features to cater to a global audience, including users from Africa, Asia, Europe, and North America. It supports a wide range of cryptocurrencies allowing you to trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and many others. Whilst CoinSmart do support multiple fiat currencies, you will need to convert your GBP to USD, Canadian Dollars or EUR but this isn’t unusual in this space. However, whilst CoinSmart are relatively low cost, they aren’t the cheapest option with platforms like eToro and BlockFi offering commission-free crypto trading and zero funding fees. While they don’t offer as many cryptocurrencies as their competitors, Coinsmart does provide access to the most popular digital assets on the market.

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The first verification step is the verification of your phone number. An SMS will be sent to that phone number containing a code that you need to enter on the screen. US citizens are currently prohibited from trading on the platform. However, this may be bound to change soon, especially as the Coinsmart exchange has obtained a FinCen license from the USA government. Some of the countries currently supported are Australia, the United Kingdom, Nigeria, Japan, France, Russia, Ukraine, Italy, among others. Crypto investors want to feel at ease knowing that their assets are safe, and Coinsmart doesn’t disappoint.

• Blocked for no reason, with my money ON their site.Scammers.
• Potential users should check the CoinSmart website or contact their support for the most up-to-date information on where the service is offered.
• We have also covered the essential features of these exchange networks, like top features, platform fees, security, user type, user-friendliness, coin variety, etc.
• The trading interface is wonderfully simple to use with three options to either buy, sell, trade crypto to crypto.
• You can find a detailed FAQ section on the website, which covers most of the topics you might be interested in.
• You paste the receiver address in the column provided and check it against the correct network.

Account Setup Process

Most of the centralized exchange platforms are either based in the US, or some off-shore place that has questionable tax laws. If you reside in Canada yourself, using a Canadian exchange can really add to the reliability factor of the entire ordeal. CoinSmart offers a comprehensive knowledge center on its website, packed with articles, guides, and how-to resources, showing a clear commitment to educating its users. As someone who’s been in the crypto space since 2016, I truly value platforms that emphasize informed decision-making. CoinSmart takes it a step further with unique features like a mining calculator, which helps users estimate potential earnings, and a “learn and earn” program.

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Widely regarded as one of the best crypto platforms for Canadians, we even rated CoinSmart as the #1 crypto exchange for Canadians for several compelling reasons. CoinSmart is a safe, quick and easy way to buy, sell and trade Bitcoin and major cryptocurrencies. Both crypto beginners and advanced traders can benefit from this crypto exchange platform. CoinSmart offers an extensive wallet feature to support the trading experience. The platform accommodates your needs whether you want to purchase crypto, engage in trades, or transfer digital currencies to another wallet for every supported cryptocurrency. CoinSmart provides mobile applications compatible with iOS and Android devices that enable convenient access anywhere for traders who wish to conduct their business while on the go.

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Information provided on this website is for guidance only and should not be deemed as financial advice. If in doubt, seek professional advice from an FCA regulated advisor. The value of your investment may fall as well as rise and you may get back less than your initial investment. We put every effort into ensuring information on Investing Reviews is accurate. Double-check details that matter to you before applying or buying. For every person you refer, both yourself and the person you have referred will receive USD 25 when making their first deposit.

CoinSmart Compliance in Canada

These options are all offered within your CoinSmart account and are the most streamlined, and intuitive ways to place a trade on the exchange. Founded in 2018 by Justin Hartzman and Jeremy Koven, CoinSmart is a Canadian-based cryptocurrency exchange. The exchange is FINTRAC registered as a money services business, and also one of coinsmart review a growing number of exchanges aimed at supporting Canadian traders to trade crypto with Canadian Dollars. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.

• The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
• Coinsmart is a Canadian Cryptocurrency exchange founded in 2018 by Justin Harzman and Jeremy Koven, who had the goal of taking the cryptic out of crypto.
• Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners.
• CoinSmart is not just available on the desktop version but also on a mobile app.
• The information available includes time and date, amount sent and both “to” and “from” wallets.
• For users looking to buy or sell cryptocurrencies, CoinSmart Trade on the Dashboard page offers users an easy way to buy and sell cryptocurrencies.
• Anybody looking to make large trades of crypto over $25,000 should consider this option because you’ll get a dedicated account manager and will be able to purchase at a competitive price.

Founded in 2018, CoinSmart is a Canadian cryptocurrency exchange based in Toronto. To begin, enter your full name and email address, create a reliable password, and, if available, apply a promotional code. The verification process includes activating through an emailed link, confirming your phone number, and uploading a government-issued ID and a selfie for identity confirmation. To speed up the verification process, we offer verification through SumSub, which allows you to verify in minutes. We need your full name, date of birth, postal address, and telephone number to complete this.