Simply Digital Technologies Inc carrying on business as CoinSmart

regulated by fintrac

We offer tight spreads and best in class execution for even the largest trades. Our roots started growing in Canada and as true Canadians, we’re thrilled to bring our incredible trading platform to more countries. Now that’s customer service and why we can boast a 97% customer satisfaction rate. All Deposits are in your account the same day we receive them. Buy and sell Litecoin, Bitcoin Cash, Cardano, Stellar and more with CoinSmart.

We do this by providing a free comparison service as well as product reviews from our editorial staff. With CoinSmart’s focus on making crypto accessible, they’ve doubled down with reassuring features and policies for new users. If you’re new to the world of trading crypto and are considering CoinSmart as your preferred exchange, this review will help you understand their offering. CoinSmart is a cryptocurrency exchange founded in 2017 and based in Toronto. You can submit a support ticket or use CoinSmart’s live chat function on their website.

cryptocurrency exchanges offers some specific services in addition to buying, selling and trading cryptocurrencies. Canadian crypto exchanges are following US guidance in order to be able to continue trading there. First, you can buy Bitcoin with a credit card, just like any other online purchase. The fees are higher for this, however, at around 6%. A cheaper way to buy is via a bank transfer or Interac e-transfer.

Withdrawal Fees

As CoinSmart expands, more scammers will inevitably be targeting our users. Therefore, it is essential that CoinSmart’s compliance team can do everything in its power to protect our users. Education is the first step in this process, and your help will be greatly appreciated. That encourage users to sign up and earn optimal investments. After signing up with their phone number, name, and email address.

CoinSmart also allows EUR deposits via SEPA, wire and bank draft, for free. There are no fees for deposits and withdrawals, however, Wealthsimple’s trading fees of 1.5% to 2% are higher than many competitors. And you can’t transfer crypto to and from your account, you can only move fiat currency in and out. You can fund your account via e-Transfer or wire transfer. This is essentially an insurance policy that guarantees that all deposits will be credited to your account on the same day they are received.

Processing time is near instant when you use your debit or credit cards. CoinSmart is one of the best cryptocurrency trading platforms developed and based in Canada. CoinSmart is a publicly traded company that offers a simple and easy interface that makes trading a breeze. Users can trade among 16+ different cryptocurrencies through their desktop website or through their app, which is available on Google Play and the App Store.

Is the only crypto exchange that offers 24/7 customer support speaks volumes. If you have questions or problems, please contact the SmartRep via email or live chat, and they will assist you in resolving the problem as soon as possible. His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank. Competitive trading fees for crypto and free withdrawals and deposits. The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you.

You can use drawing tools to make lines on the charts, and you can also select indicators such as moving averages. When making a trade, deposit or withdrawal you must confirm the transaction in your Google Authenticator app. This adds a layer of security to your CoinSmart account. CoinSmart uses a verification process that can detect fake information by using a database offered by data collection agencies. CoinSmart states it is able to verify a user’s identity while keeping the data secure, but they do not go into detail about this. Foreign currency withdrawals are generally processed within 5 business days.


CoinSmart provides a 3-pronged approach to customer support to help answer all your questions. Nothing is more important when buying and selling crypto than trusting your provider. CoinSmart has all the appropriate licensing and registrations required in each jurisdiction we operate in. Lately, many scammers have been targeting CoinSmart users and cheating them out of their hard-earned money.

Cash withdrawals from CoinSmart take 1 to 5 business days. The platform offers “instant verification” through Equifax, which means you can usually begin trading within minutes. It is designed for beginners but also has charting tools that can assist even the most experienced cryptocurrency traders.

So while trading fees are low, the large spreads can make trading on CoinSmart expensive. In comparison, the spread on Bitbuy was 0.24% when we bought bitcoin. CoinSmart is probably one of the most prominent platforms in Canada, but also one of the most important platforms throughout the world. At a beginner’s level, it is intuitive but it also has more innovative features for experienced users. As I mentioned earlier, CoinSmart can offer instant ID verification by using Equifax databases. This helps to prevent fraudsters from opening accounts with fake addresses, birthdates, etc.

CoinSmart Referral Program

It claims that all deposits are processed almost instantly, allowing you to start trading right away. You won’t have to wait days or weeks to get your hands on your coins. Withdrawals take a little longer, with a processing time of 1-5 days. In addition to its standard cryptocurrency trading services, CoinSmart offers Over-The-Counter trading services for large-volume traders and institutional investors. CoinSmart is one of the best cryptocurrency exchanges in Canada, offering easy access to cryptocurrency trading using Canadian dollars and other fiats.

  • However, approval of your application is not guaranteed.
  • Foreign currency withdrawals are generally processed within 5 business days.
  • Buying and selling crypto is incredibly easy with Coinbase.
  • The platform has a two-factor authentication system which can be used to require two passwords to access an account.

Although continually updated, the information here may differ from what appears on the providers’ sites. Products on this website are presented without warranty. I do like that you can earn rewards by watching their educational videos and you can take advantage of staking and Defi yield through Coinbase Earn.

They offer 24/7 customer support including phone support, however, a phone number is not listed on their support page. CoinSmart states that it has a 97% customer satisfaction rate, which is pretty good. We contacted them, and our problem was resolved within a few hours. Once funds are in your account, go to your dashboard and select “buy” next to the crypto you want to purchase.

Sign up now to join thousands of other visitors who receive our bi-weekly newsletter and latest personal finance tips. Access over 50 popular coins and staking to earn interest. Finally, you must set up Google 2 Factor Authentication and enter a 6-digit code anytime you log in to your account. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.

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In this Coinbase Review, I take a close look at one of the world’s most popular cryptocurrency exchanges. I cover the most important features, pricing for Canadian users, and the pros and cons. I let you know if Coinbase is worth it for Canadians, and share a few alternatives. CoinSmart offers Over-The-Counter services for premium traders placing large orders.

CoinSmart has a premium service for Over-the-Counter trades. CoinSmart’s OTC Desk supports CAD, GBP, EUR, JPY, USD and more. They also have an Advanced Trade feature for users who are more experienced with crypto and would like to use advanced tools. CoinSmart also has a SmartGuarantee where CoinSmart commits to processing verification requests and deposits on the same day they are received. We were met with several terms and conditions to agree with. Previously, they had issues with iOS compatibility.

On top of that, Oleg also has coinsmart review with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. When you leave your digital assets on an exchange you are leaving them vulnerable to hackers who can steal your assets. Even some of the most popular crypto exchanges such as Binance and have fallen victim to hacks. CoinSmart asks simple questions about your investment objectives and your profession. CoinSmart is a crypto trading platform that allows you to invest and trade in cryptocurrencies.

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