Are you looking for a trusted and reliable platform to purchase, store, and manage your cryptocurrencies?
It is no secret, due to website’s like Crypto Charity, that cryptocurrency is becoming increasingly popular. With the rise in the value of cryptocurrencies like Bitcoin and Ethereum, more investors and users are turning to digital assets as a viable investment option. Unfortunately, investing in cryptocurrency isn’t as easy as buying stocks or bonds; it requires careful research and the right tools and resources.
CoinSmart is a cryptocurrency exchange platform that claims to be one of the easiest and safest ways for new users to buy, sell, or manage their digital assets. In this review, we will take an in-depth look at CoinSmart and provide an analysis of its features to help you determine whether or not this platform is suitable for your needs.
An In-Depth Guide To The Crypto Platform, CoinSmart Review
CoinSmart is a Canadian-based cryptocurrency exchange platform that was founded in 2017. The platform offers users the ability to buy, sell, and manage their digital assets with ease. CoinSmart also provides users with access to a wide range of educational materials and resources to help them make informed decisions when trading cryptocurrencies.
CoinSmart Overview
CoinSmart is a digital currency trading platform founded in 2018 in Canada. It offers an easy and convenient way to buy and sell cryptocurrencies, making it one of the most popular options for Canadian users. CoinSmart stock is available on the Canadian exchange market, providing additional liquidity and security. It supports 10 coins with CAD pairs and offers transfer types such as E-transfer, bank wire, bank draft, and crypto coin withdrawal. Fees are medium compared to other exchanges.
CoinSmart is based in Toronto and provides a secure platform for users to trade their cryptocurrencies. The user interface is designed to be simple and intuitive so that even those who are new to cryptocurrency can easily navigate the platform. The exchange also offers advanced features such as margin trading, stop-loss orders, limit orders, and more. CoinSmart also has a mobile app that allows users to access their accounts on the go. With its competitive fees structure and wide range of features, CoinSmart is an ideal choice for those looking to get started. CoinSmart is a Canadian-based cryptocurrency exchange platform that was founded in 2018. The platform offers users the ability to buy, sell, and manage their digital assets with ease. CoinSmart also provides users with access to a wide range of educational resources and tools to help them make informed decisions about their investments.
CoinSmart Features
CoinSmart is a digital trading platform that offers a range of features and services designed to provide an improved experience for users, regardless of their level of expertise.
Same-Day Deposits
Same-day deposits are a great way to get your money quickly and securely. With this method, you can have your funds processed almost instantly, allowing you to access them right away. This is one of the company’s most important selling points, as it allows customers to make quick transactions without having to wait for days or weeks for their money to arrive. Therefore, Coinsmart gets a thumbs up for this feature.
In addition to same-day deposits, there are several other options available for fiat deposits. SEPA, Bank Wire and Bank Draft all offer free processing times of up to 3 business days, same day received and instant respectively. Credit/Debit cards also have a funding fee of up to 6%, with a minimum deposit of 100€ and maximum of 5,000€. Bank Draft has the lowest minimum deposit requirement at 500€, with a maximum deposit limit of 5,000€. Withdrawals take 1-5 days to process depending on the method chosen. All these methods provide customers with fast and secure ways to transfer CoinSmart is a Canadian-based cryptocurrency exchange platform that was founded in 2017. The company’s mission is to make it easy for new users to purchase, store, and manage their digital assets. CoinSmart offers a wide range of features and services designed to help users get started with cryptocurrencies quickly and securely.
Multiple Funding Methods
CoinSmart is a cryptocurrency exchange that offers multiple funding methods, allowing users to easily deposit and withdraw funds. The most popular funding methods are Interac e-Transfer, wire transfers, crypto deposits, and debit/credit card payments. Deposits are processed and added to your account the same day they are received in the CoinSmart bank. Withdrawal processing time can range from 1 to 5 business days depending on the sending and receiving bank transfer times.
Interac e-Transfer is only available with Canadian-focused cryptocurrency exchanges, while wire transfers have a $10,000 minimum deposit requirement. For those looking for more accessible options, CoinSmart has a $100 minimum deposit requirement for e-transfers and credit/debit card payments. This makes it easier for users to get started with their cryptocurrency trading journey without having to worry about large upfront costs.
Track Your Trading Activity
CoinSmart is a platform that allows investors to track their progress and performance with Dogecoin and other cryptocurrencies. With the Activity tab, users can view their balance, portfolio, and trade history in one place. This makes it easy to keep track of investments and make informed decisions about buying, selling, and trading crypto-crypto or crypto-fiat trade pairs.
CoinSmart also offers advanced features for traders who want to take their trading activity to the next level. The Advanced Trade feature allows users to place market or limit orders with stop losses, as well as use the charts feature for technical analysis. CoinSmart also provides wallets so users can make deposits and withdrawals, view balances, and buy, sell, or trade crypto. All of these features are available on the website or through the CoinSmart app from the App Store or Google Play.
SmartGuarantee
CoinSmart offers a SmartGuarantee to its users, which covers and guarantees certain services. This includes same-day deposits and account verifications, as well as cash withdrawal requests that are guaranteed to be processed within 5 business days. To ensure that customers have the best experience possible, CoinSmart also provides 24/7 customer support via email or live chat with their SmartSupport team. Additionally, there is a comprehensive FAQ section and GetSmart Hub available for users to find answers to their questions. If needed, SmartReps are available to assist with any problems or questions as soon as possible.
The SmartGuarantee from CoinSmart is designed to provide customers with peace of mind when using the platform. With this guarantee in place, users can trust that their deposits and withdrawals will be processed quickly and securely. Furthermore, they can rest assured knowing that they have access to customer support whenever they need it. All of these features make CoinSmart an ideal choice for those looking for a reliable cryptocurrency.
SmartTrade
SmartTrade is a leading crypto exchange that offers 24/7 customer support to its users. Customers can contact SmartRep via email or live chat for assistance with any issues they may have. The comprehensive FAQ section and GetSmart Hub are available to answer questions quickly and efficiently. CoinSmart also guarantees same-day deposits and account verifications, as well as cash withdrawal requests being processed within 5 business days. To ensure the best possible service, SmartTrade has implemented the SmartGuarantee which covers and guarantees certain services of CoinSmart. This guarantee ensures that customers will receive the highest quality of service when using the platform. With this guarantee in place, customers can be sure that their funds are safe and secure while trading on the platform.
SmartSupport
SmartSupport is a comprehensive customer support system that provides 24/7 assistance to users of CoinSmart. Through email or live chat, customers can get help with any issues they may have. The SmartSupport team also offers a comprehensive FAQ section and GetSmart Hub for quick answers to common questions. In addition, experienced SmartReps are available to provide personalized assistance and help resolve any issues quickly.
CoinSmart takes security seriously and employs two-factor authentication to protect user accounts. Furthermore, all coins held on the platform are kept in cold storage for added security. To further ensure the safety of its users, CoinSmart has implemented a comprehensive risk management system that monitors and flags suspicious activity. With SmartSupport and its robust security measures, CoinSmart ensures that its customers have access to reliable customer service and their funds remain safe at all times.
SmartSecurity
We have discovered that CoinSmart takes security seriously! They employ two-factor authentication to protect user accounts and keep coins held on the platform in cold storage, making them less vulnerable to hacking. A comprehensive risk management system is also in place to monitor activity and flag any suspicious behavior.
In addition to their security measures, CoinSmart offers a seamless customer experience for buying, selling and trading cryptocurrencies. And we at Crypto Charity love a seamless customer experience! Deposits are made available on the same day they are received and fiat withdrawal requests are processed within 5 business days. They even guarantee the waiver of the deposit fee on a user’s first deposit if their account verification is not processed on the same day it is submitted. This commitment to providing an easy and secure experience makes CoinSmart an attractive option for those looking to get involved with cryptocurrencies.
Advanced Trade
The Advanced Trade page is designed for experienced crypto traders who are looking for more options and features than the basic trade page. With this platform, users can access a dedicated account representative, discounted fees and optimized pricing, as well as an Over-The-Counter trading service for traders with a volume greater than or equal to USD 25,000. The Advanced Trade page provides users with the ability to select their trade pairing from the dropdown menus at the top right-hand-side of the page. This allows them to quickly and easily find the pairings they need in order to make successful trades. Additionally, users can take advantage of advanced features such as margin trading, stop loss orders, and more. With these tools at their disposal, traders can maximize their profits while minimizing their risks.
Variety of Cryptocurrencies
CoinSmart is a crypto platform that offers users an easy-to-use wallet to store and trade a variety of cryptocurrencies. It supports a wide variety of coins, including major coins like Bitcoin and Ethereum, as well as popular altcoins and stablecoins such as Bitcoin Cash, Cardano, Chainlink, Dogecoin, EOS, Polygon, Shiba Inu, Solana, Uniswap and USDC. CoinSmart also provides detailed reports and tracking features to help users monitor their progress.
The platform regularly adds new assets to its platform so users can stay up to date with the latest developments in the crypto space. With CoinSmart’s comprehensive selection of cryptocurrencies and its user-friendly interface, it is one of the best platforms for those looking to get started with trading digital assets. Whether you are a beginner or an experienced trader, CoinSmart has something for everyone.
Referring Friends
Referring friends to CoinSmart is a great way to get rewarded. All you need to do is create an account and verify it, then copy your referral link and share it with your friends. When they make a fiat deposit, both you and them will receive $15 CAD credit within 5 business days. This is an easy way to earn some extra cash while helping out your friends.
CoinSmart makes it simple for you to refer your friends and get rewarded. You can easily share your referral link via email or social media, so that everyone can benefit from the offer. Plus, the process is fast and secure – once your friend makes a fiat deposit, both of you will receive the credit within 5 business days. So why not take advantage of this great opportunity today?
Pros & Cons
The pros of using a trading platform with low trading fees for fiat and crypto trades are numerous. For starters, it allows traders to save money on their transactions, which can be especially beneficial if they’re making frequent trades. Additionally, the variety of account funding methods available makes it easier for traders to deposit funds into their accounts quickly and securely. Finally, advanced trading tools and OTC trading options are available with digital assets held in cold storage and insured, providing users with an extra layer of security when dealing with their investments.
On the other hand, there are some potential cons associated with using a trading platform that offers low fees for fiat and crypto trades. For example, the fees may be so low that they don’t cover the costs associated with running the platform or providing customer support services. Additionally, some platforms may not offer as many features or tools as more expensive alternatives, which could limit a trader’s ability to make informed decisions about their investments.
Assets Available on CoinSmart
As of January 2023, CoinSmart’s platform currently supports 16 different coins, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Dash (DASH), EOS (EOS), NEO (NEO) and XLM (XLM). CoinSmart was the first Canadian exchange to offer XMR/CAD pairs and has promised to continue adding new coins in the future. In addition to these major cryptocurrencies, CoinSmart also supports ERC-20 tokens such as Chainlink (LINK), Polygon (MATIC), Shiba Inu (SHIB) and USD Coin (USDC). Other coins available on the platform include Avalanche (AVAX), Cardano (ADA), Polkadot(DOT) Stellar(XLM) Solana(SOL) and Uniswap(UNI).
CoinSmart Fees
You must take into consideration that CoinSmart is a legitimate Canadian company registered with FINTRAC as a Money Service Business. They offer secure cryptocurrency trading services, and keep most of their coins in cold wallets to protect them from hackers. CoinSmart charges fees for cryptocurrency withdrawals, trading commissions, and deposits. For trades between CAD and any cryptocurrency or between Bitcoin and any other crypto asset, the fee is 0.20%. Trades between altcoins not involving Bitcoin incur a 0.40% fee, while single and double trades have fees of 0.20%-0.30%. Deposits via credit/debit card and Interact e-Transfer incur 6% and 1.5% fees respectively, while withdrawal fees vary depending on the method or cryptocurrency used; bank wires and EFTs incur a 1% fee while cryptocurrency withdrawals range from $0.00003 to $15.00. All these fees are subject to change depending on the specific cryptocurrency being traded, ranging from 0.0001 to 0.30%.
CoinSmart Security Overview
CoinSmart platform implements identity verification, two-factor authentication and cold storage solutions to protect users from fraud. CoinSmart also enforces KYC procedures in line with Anti-Money Laundering practices, using Chainalysis big data analytics software to sort wallet addresses into categories based on associated risks. This ensures user funds remain protected in Canada.
CoinSmart is backed by DC bank and Luminus Financial, adding to the reliability factor of cryptocurrency transactions. The exchange is compliant with all necessary KYC and AML regulations in Canada, so users can be sure their funds are secure when trading on the platform. With its advanced security measures and reliable backing, CoinSmart provides a safe environment for users to buy and sell cryptocurrencies.
What Is Smart Guarantee?
CoinSmart’s SmartGuarantee system is designed to provide customers with a secure and seamless experience when buying, selling, and trading cryptocurrencies. Deposits are made available on the same day they are received, and fiat withdrawal requests are processed within five business days. To ensure that users have access to their funds quickly, CoinSmart waives the deposit fee on a user’s first deposit if account verification is not processed on the same day it is submitted.
To further protect user accounts, CoinSmart has implemented two-factor authentication as well as a comprehensive risk management system that monitors activity and flags suspicious behaviour. Additionally, all coins held on the platform are kept in cold storage for added security. With these measures in place, users can rest assured that their funds are safe and secure while using CoinSmart’s SmartGuarantee system.
CoinSmart’s Interface
CoinSmart offers an intuitive platform with a SmartTrade buy/sell interface for all experience levels, as well as advanced trading features such as charting, market books and live positions. All users have access to 24/7 omnichannel support via email, phone call or live chat. CoinSmart offers 16 cryptocurrencies with a minimum deposit of $15 and payment methods including credit card, wire transfer, and crypto assets.
In addition to its user-friendly interface, CoinSmart also provides several unique features that make it stand out from other exchanges. These include NFTs (non-fungible tokens), the CoinSmart app which allows users to manage their portfolios on the go, and the GetSmart hub which provides educational resources for traders of all levels. With its comprehensive suite of services and features, CoinSmart is an ideal choice for both novice and experienced traders alike who are looking for CoinSmart is a Canadian-based cryptocurrency exchange platform that was founded in 2018. The platform offers users the ability to buy, sell, and store digital assets such as Bitcoin, Ethereum, Litecoin, and more. CoinSmart also provides users with access to advanced trading tools and features such as margin trading and stop loss orders.
How Does One Start Using CoinSmart?
CoinSmart is available to Canadian Citizens and Permanent Residents of Canada over the age of 18. To start using CoinSmart, users must first register on the platform. Instant verification requires submission of full name, date of birth, mailing address and phone number. For slower registration process, users need to provide copies of government-issued ID, selfie with ID and a piece of paper with the word “CoinSmart” and today’s date on it, as well as a copy of a recent utility bill.
Once registered, users can easily access CoinSmart’s main features such as buying and selling cryptocurrencies. The platform also offers an attractive referral program for both the referrer and the person referred. For more information on how to use CoinSmart, contact their brokers or watch the tutorial video available on their website. With its easy-to-understand interface and straightforward registration process, CoinSmart makes it CoinSmart is a cryptocurrency exchange platform that allows users to buy, sell, and manage their digital assets. The platform was founded in 2017 and is based in Toronto, Canada. It is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Frequently Asked Questions
Coinsmart is regulated by FINTAC, the Canadian government organization responsible for analyzing and assessing monetary transactions, and Equifax verifies user accounts to prevent fraudulent trades. Coinsmart also works with Chainalysis to detect uncertain wallet addresses and help prevent crypto-related scams.
To ensure the safety of its users’ assets, Coinsmart has bank-level security with 2-factor authentication and cold storage provided by Bitgo which is insured through Lloyd’s of London for $100 million in case of a breach. This means that investors can feel secure knowing their assets are safe with Coinsmart.
Is CoinSmart available in the U.S.?
Yes! CoinSmart is a publically-traded company located in Toronto, Canada that offers 16 cryptocurrencies with a minimum deposit of $15 and payment methods including credit card, wire transfer, and crypto assets. The platform supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dogecoin (DOGE), as well as ERC-20 tokens such as Chainlink (LINK), Polygon (MATIC), Shiba Inu (SHIB) and Uniswap (UNI). Other coins available on CoinSmart include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), EOS (EOS), Polkadot (DOT), Stellar (XLM), Solana (SOL) and USD Coin (USDC).
CoinSmart also provides features such as NFTs, the CoinSmart app, and GetSmart hub. With these features, users can easily buy, sell, store and manage their digital assets.
Crypto Charity’s Verdict on Coin Smart
We truly believe that you will love using Coin Smart! The platform is designed to make it easy for users to buy, sell, and manage their digital assets. And we can confirm that it does exactly what it says it does! It offers a wide range of features and services including an intuitive user interface, advanced trading tools, secure storage options, and more. Crypto Charity recommends Coin Smart 100%.
