Coinsmart is a crypto trading platform through which you can Buy and Sell cryptocurrencies. They provide their service on the web and as well as on mobile apps. At this time, the platform supports more than 15 cryptocurrencies to exchange. The start is quite simple, create an account, instant verification, and start your exchange journey.
Coinsmart offers a variety of services that make this platform more popular. Some of the highlighted services by Coinsmart are as follows:
Instant Account Verification:
In order to register with Coinsmart, you need to provide basic details. Most of the accounts are verified instantly within minutes. Some users may need to go through some document verification process by Coinsmart. They usually ask following documents for verification: Government-issued ID (front and back) and A selfie of you.
Extremely Low Fees:
Coinsmart’s trading fee is low and only 0.20%, which is the lowest among any competitor exchange platform in Canada. It also varies depending on the transaction amount. They are offering free Interac deposits for amounts more than $2,000. The platform charges 1% on withdrawal amount and free wire and bank draft deposits. The purchase of Credit/Debit cards is high with a 6% fee. Coinsmart assure that every deposit will be processed on the same day you make them.
24×7 Customer Support:
Coinsmart provides 24×7 support through mail, phone, and live chat. They stats a
97% customer satisfaction rate, which is amazing. The platform offers Live chat and Phone support for its registered users only. Coinsmart also has a large knowledge base through FAQs, blog posts, and how-to guides for their users called GetSmart Hub.
Security and Safety:
Coinsmart is a safe place to exchange your crypto and they pride themselves on their security. All the accounts are required to use two-factor authentication when login in. They have a 95% cold storage policy in place to prevent any possible attack on the assets. The Coinsmart platform is being regulated by FINTRAC and Ontario Securities Commission (OSC). They have regular audits and provide all necessary documents needed by the officials which makes them more secure and there’ll be less chance of fraud. It made CoinSmart the most secure crypto exchange platform in Canada.
Coinsmart has mobile apps for Android and iOS both. The experience of the mobile apps is actually very smooth. You can use almost all the features provided by Coinsmart in the mobile app. It supports two-factor authentication and biometric access to the app as a part of security.
Pros and Cons of Coinsmart.com:
Despite having a leading cryptocurrency exchange platform Coinsmart has its own pros and cons.
● It supports 16 cryptocurrencies.
● The account verification is instant or within a day.
● 95% cold storage crypto facility.
● It has a low trading fee that is 0.2%.
● Offers Over-the-counter (OTC) trading
● Serving in more than 40+ countries
● It supports CAD, EUR, and USD as fiat currencies
● The mobile apps are available with a good rating on relevant stores
● It has great customer support, with Email, Phone, and Live Chat
● The deposit through Credit and Debit cards is very high and cost up to 6% ● It has a limited coin offering.
● The flat 1.5% deposit fee if the deposit amount is less than $2,000.
Coinsmart is one of the top-rated crypto exchange platforms in Canada. The platform is being regulated by the officials, and regular audits make it more secure. It offers 16 crypto coins, efficient customer support, and low trading fees. The account verification is fast and instant, along with Deposits which are processed on the same day. If you are going to start your crypto journey then you can register with Coinsmart without any doubt.