{"id":137310,"date":"2023-02-03T21:00:29","date_gmt":"2023-02-03T19:00:29","guid":{"rendered":"https:\/\/captainaltcoin.com\/coinsmart-review\/"},"modified":"2023-02-03T21:00:48","modified_gmt":"2023-02-03T19:00:48","slug":"coinsmart-review","status":"publish","type":"post","link":"https:\/\/captainaltcoin.com\/de\/coinsmart-review\/","title":{"rendered":"CoinSmart Review – Fees, Supported Coins & Countries, Payment Methods, KYC Process"},"content":{"rendered":"\n

CoinSmart is a cryptocurrency exchange based in Toronto that caters to crypto users worldwide. CoinSmart was started in 2018 by Justin Hartzman and Jeremy Koven to give Canadians a reliable exchange that was easy to use and good for beginners. <\/p>\n\n\n\n

The platform offers fast verification, a user-friendly interface, bank-grade security and many options for funding in different fiat currencies. They also offer more advanced options for experienced and higher volume traders. CoinSmart is an excellent choice for those looking to get started with cryptocurrencies or those who are already experienced traders. With its easy-to-use interface, fast verification process and secure platform, it is one of the best exchanges available in Canada. <\/p>\n\n\n\n

The platform offers an array of features such as advanced order types, margin trading, portfolio tracking, and more. It also provides educational resources to help new traders understand the basics of cryptocurrency trading. CoinSmart also offers a mobile app for iOS and Android devices so users can trade on the go. With its user-friendly interface, low fees, and secure environment, CoinSmart is an ideal choice for those looking to get started in cryptocurrency trading.<\/p>\n\n\n\n

In this article, we will treat important facts about the Coinsmart exchange, examine its merits and demerits and hopefully help you decide if it is suitable for you. Without further ado, let\u2019s start with an overview.<\/p>\n\n\n\n

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Coinsmart 1-minute summary<\/div><\/div>
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\u2022Coinsmart is a publicly listed cryptocurrency trading platform based in Toronto, founded in 2018 by Justin Hartzman and Jeremy Kobin.

\u2022Coinsmart is compliant with regulatory standards, backed by a registered Canadian bank, and users can buy and sell Bitcoin with euros, Canadian, or US dollars.

\u2022Users in Europe and Canada can access the platform on desktop or mobile, with plans to expand to Latin America and Australia soon.

\u2022To register on the platform, users must provide an email address, create a secure password, set up two-factor authentication, and verify their telephone number and ID.<\/p>\n\n\n\n

Depositing Funds to CoinSmart
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\u2022CoinSmart allows users to deposit funds via bank wire or Canadian\/US dollars for free, with a minimum of 50 euros and a maximum of 5 million euros.<\/p>\n\n\n\n

\u2022For orders worth more than USD 25,000, CoinSmart offers customized OTC trading services with dedicated account reps, discounted fees, and optimized pricing.

\u2022Funds must be sent in euros and from a bank account in the user’s registered CoinSmart username.

\u2022All deposits are processed and added to their account the same day they receive them in their bank.

\u2022CoinSmart offers 18 cryptocurrencies plus 3 fiat currency options.

\u2022To find a crypto wallet address, click on „Deposit“ to see the QR code and Bitcoin address to copy and send funds to.

\u2022When sending crypto, double-check the address and send smaller test amounts before sending all crypto, especially with new addresses.<\/p>\n\n\n\n

\u2022Single trades incur a 0.2% fee and double trades incur a 0.3% fee.<\/p>\n\n\n\n

\u2022The platform is partnered with data collection agencies, BitGo, and Chainalysis.<\/p>\n\n\n\n

Withdrawing Crypto and Fiat Funds<\/strong><\/p>\n\n\n\n

\u2022Withdrawing crypto requires entering the receive address, amount, and fees.

\u2022Withdrawing fiat requires selecting a withdrawal type (EFT, wire transfer, etc.) and will incur fees.

\u2022Be aware of fraud schemes and double check all addresses before withdrawing.<\/p>\n\n\n\n

\u2022Although the withdrawal may take up to five days, it may take less time.

\u2022If you decide to close your account, withdraw all assets from your account first and then reach out to their customer support team who will take care of the rest of the process.

\u2022Customer services or support can be reached via email or through the 24\/7 live chat.<\/p>\n<\/div><\/div>\n\n\n\n \r\n

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What you'll learn \ud83d\udc49<\/p>\n