Besides Interac e-Transfer, you can deposit money via bank wire, bank draft and credit card. Canadian residents using Interac e-Transfer shouldn’t be surprised to see funds the same day in their trading account. You don’t have to be an expert trader or crypto investor to trade on this platform. If you sign up for a CoinSmart account and deposit at least $100, the platform will add $20 to your account. CoinSmart charges a 1% withdrawal fee via electronic funds or bank wire.

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Double trade, on the other hand, involves trading two cryptos that are not BTC against each other. Coinsmart makes that easy for you as you can trade crypto against crypto or fiat. Any crypto exchange should allow users to purchase and sell cryptocurrencies.

CoinSmart Customer Service

To get ADA or Cardano on Coinsmart, follow the process already outlined in this article about how you can create an account with the exchange. I hope this article has helped you, whether you’re a Canadian or not, to learn more about the Coinsmart exchange and determine if you can use it for your cryptocurrency experience. However, the brave at heart who choose to tread these murky waters should not have to deal with rigorous verification processes before being allowed to trade.

Where is my money and why is the app not working

CoinSmart has reasonable fees for fiat deposits and withdrawals, along with fairly standard crypto withdrawal fees. Therefore, regardless of whether you’re depositing crypto through the usual means or depositing fiat through Interac E-transfer, Bank Wire, Bank Draft, or Bank Cards, you are getting your funds on the same day. The exchange has partnered with Sumsub, an advanced online verification company, to ensure this process is swift. Single trade involves trading any crypto against fiat currency or against BTC. The exchange currently enables users to trade against three fiat currencies, namely Canadian Dollars(CAD), United States Dollars(USD), and Euros(EUR).

Top CoinSmart Reviews

Yes, as a FINTRAC registered business, CoinSmart requires identity verification for all users. CoinSmart is good for Canadians as they offer fast identity verification and multiple funding methods in Canadian Dollars with fast deposit times. Finally CoinSmart offers an excellent referral program where you can refer friends and if they deposit at least $100 then you both receive $15. Credit and debit card funding is the most expensive in terms of fees with some fees reaching as high as 6%. The 1.5% fee is quite common and you’ll also find it on fellow Canadian exchange Bitbuy.

Learn About Cryptocurrency

Besides Canadian dollars, you can fund your account with U.S. dollars and Euros. The CoinSmart trading platform receives four out of five stars. The crypto industry is booming, and CoinSmart is on a mission to make cryptocurrency such as Bitcoin, Ethereum, as well as alt coins like Doge and Solana, accessible to everyone.

• Sending Bitcoin from Coinsmart follows the same procedure as doing it from other exchanges and wallets.
• The company also offers its users the ability to use a two-factor authentication system (2FA).
• We would still recommend storing your assets in your own hardware wallet when not trading them on an exchange.
• The platform offers an array of features such as advanced order types, margin trading, portfolio tracking, and more.

If depositing with an Interac e-Transfer, there is no fees if you are depositing $2,000 or more, but a 1.5% fee for anything less. Their fees are somewhat in line with industry standards but are not a selling point of using the exchange. Regardless of whether a user chooses to purchase a specific cryptocurrency or not, there is a cold wallet available for it. The company also offers its users the ability to use a two-factor authentication system (2FA).

Best Crypto Exchanges

So no hackers can get into my account. Im not a bot I need to talk to someone in your office about being scammed online on your site and how to retrieve my money $28,000.00 can. They saved my bacon by freezing my account. Coinsmart helped me by freezing my account,. Hmmm Good stategy to convince someone to pay 600 to get more money out of them.

Order cancelled, no money back

To complete your verification process, click on the ‘Verify Me’ button that will pop up after following the steps above. Starting an account with Coinsmart is a straightforward process. US citizens are currently prohibited from trading on the platform.

Find out what customers truly think and feel about the company, product, or service. I want my money & will never use a Canadian crypto platform again as this is my 3rd try & strike. I sent to my external wallet addy & they froze everything except allowed me to deposit more money & froze that also! Then she somehow got the money from my account to put into my coinsmart account. I transferred $110 out of my account with Coin Smart to an outside digital wallet I want to know how long it takes for this money to show up in that account or…

It makes crypto investing available to 40 countries but not the U.S. CoinSmart prides itself on the security features it offers. Expert traders can click on Advanced Trade to use the graph, order book, place limits and see trade history. Another way to trade is to click on Wallet and choose a coin. CoinSmart’s services are available to more than 40 countries, although it excludes the U.S. Canadian users have several advantages over international users.

• •Single trades incur a 0.2% fee and double trades incur a 0.3% fee.
• It’s simple for beginners to navigate and contains features that advanced traders need.
• After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies.

My bank said Coinsmart received it the same day. The issue has NOT been resolved and CoinSmart is still holding my money which amounts over 83,000.00 $! Bonus 250.00USD They told that my account was empty that l was scammed I wanted to talk to someone so your customer service right now sucks I dialed the number. By collecting 20 signatures, you can raise awareness, and your complaint will be sent directly to the company.

He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. We would still recommend storing your assets in your own hardware wallet when not trading them on an exchange. Deposits of $100-$1,999 have a 1.5% fee while deposits over $2,000 have no fees. The first is that it’s a very beginner-friendly platform and it’s a great place for new crypto users to get started. Meanwhile for Canadian Dollar withdrawals there is a 1% fee with a $15 minimum for both bank wire and electronic funds transfer methods.

Cryptocurrency trading is indeed volatile and subject to coinsmart review a lot of risks. According to their website, the exchange is regulated by the relevant authorities. It trades under the ticker SMRT and has been publicly traded since November 2, 2021. Once you’ve filled that out, you have been fully registered on the platform.

The minimum ADA you can buy on the platform is 5 ADA. Here are currently three fiat currencies on Coinsmart with unique withdrawal methods. Always remember, though, that you have sole responsibility regarding the crypto decisions you make. That is what the Coinsmart exchange hopes to simplify for Canadians first and then other countries.

Start a collective complaint today and gather other consumers facing the same issue with a company. But he only writes back that i should write to coinsmart. Now i want the money back, so i chatted with him (smartotc). I have invested more than $146,000, and for the past two months, I have been restricted from withdrawing any money.

Lastly, its services are available in about 45 countries around the world, including the United Kingdom and most of Europe At the moment, leveraged trading is currently not allowed on Coinsmart. They are deposited through Interac E-transfer, Bank Wire, Bank draft, and Bank Cards.