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.
Account frozen
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.
- The same applies to most trading platforms that cater to global customers.
- CoinSmart processes deposits the same day it receives them.
- Reviews of the app by users offered some positive feedback; most people experienced challenges.
- Then she somehow got the money from my account to put into my coinsmart account.
Amazingly, it was only 200 dollars last week and now its 2000. Then Coinsmart froze my account, of which I am grateful. She found out I had only 480 in my account, so she would ask her supervisor if she could lower that amount.
What happens to my money if a coin is delisted?
Liquidity is affected 💧
When a coin is delisted, liquidity often drops sharply, making it harder to find buyers or sellers. This loss of liquidity can create serious obstacles if you want to quickly withdraw funds from your position.
COINSMART SUPPORTED COINS
Cryptocurrency trading is indeed volatile and subject to 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.
CoinSmart Customer Service
The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. We are not responsible for any investing or trading decisions that you may make based on content that you read on CryptoVantage.com. It is a service available to clients looking to complete buy or sell orders worth greater than or equal to $25,000. CoinSmart accepts Interac e-Transfers for deposits with a $100 minimum deposit required. The site has an excellent UI that makes depositing a breeze.
- 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.
- Expert traders can use advanced charts, order books, stop losses and limits to enhance their strategy.
- The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users.
- It is not an offer to buy or sell any security, product, service or investment.
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.
What happened to CoinSmart?
Vancouver-based WonderFi Technologies Inc. announced its merger with Toronto-based crypto firms CoinSmart Financial Inc. and Coinsquare Ltd. in April, ending a months-long heated exchange between the three companies.
Transfer question
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.
Locked account
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.
After providing this information CoinSmart will manually verify your identity and you will then be able to fund your account and begin trading. Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. It is not an offer to buy or sell any security, product, service or investment. 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.
For User
It also provides educational resources to help new traders understand the basics of cryptocurrency trading. With its easy-to-use interface, fast verification process and secure platform, it is one of the best exchanges available in Canada. CoinSmart is a cryptocurrency exchange based in Toronto that caters to crypto users worldwide. She was then going to take the money from my RBC sent to my coinsmart account and then send it to their offshore company. The dashboard allows you to deposit funds and see cryptocurrency prices and trends.
CoinSmart User Experience
Click on buy or sell and choose the cryptocurrency you want to transact. After you deposit funds, the dashboard reveals a SmartTrade section. The verification process is straightforward and takes a few minutes. Investors who want a simple and secure trading platform can find it in CoinSmart.
What different languages does CoinSmart support?
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 coinsmart review 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.
The fees are zero if you deposit over $2,000 via Interac e-Transfer. The fees and processing time for Canadian and European customers vary. You can withdraw fiat or cryptocurrencies by clicking on the wallet icon. Then, you choose the coin you want to trade with fiat or other cryptocurrencies.
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).
Founded in 2018 by Justin Hartzman and Jeremy Koven when they found it difficult to fund and get verified on other exchanges.
CoinSmart also offers a mobile app for iOS and Android devices so users can trade on the go. The platform offers an array of features such as advanced order types, margin trading, portfolio tracking, and more. “Bittrex is holding 3,000.00 dollars of crypto I have, and I can’t contact the company to retrieve my…“
This company demonstrates a lack of honesty. The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
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).