Discover what the internet is saying about CoinSmart.

Coinsmart Review

Yay or nay?

Upgraded Reviews scanned the web to find out what real users are saying about CoinSmart.

See the highlights below and decide for yourself!

Pros and Cons

Table of contents

✅ Pros

CoinSmart offers instant account verification for new users.
Review Pros
It is FINTRAC registered and regulated.
It supports CAD, USD, and Euros.
Traders can trade from one altcoin to another, without having to trade through Bitcoin or Ethereum.
They have a referral program for all users.
CoinSmart offers users numerous deposit and withdrawal options.
SmartSecurity includes bank-level security with 2-factor authentication and cold storage.
Deposits reflect in your account the same day unless you use EUR.
Above-par bank-level security service with 24*7 customer support is available via phone, live chat or email, and cold storage.
The interface is user-friendly; thus, it is ideal for both beginners and experts.
Both registration and verification processes take a few minutes and clicks.
It is no longer a Canadian-only exchange – available in 15 countries worldwide.
24/7 client support and tax assistance is available.
24/7 customer support is available.
The company stores most of its assets offline.
It is easy to use.
It supports trading between crypto pairs.
24/7 live support is available.
They have user-friendly or even beginner-friendly interface.
CoinSmart is backed by banks.
It is a versatile platform for beginners and pros.
Users may contact customer support by email, phone call, live chat, and by submitting a request.
CoinSmart is a trading platform designed for crypto traders of all levels.
Several payment methods are available on the exchange for both depositing and withdrawing fiat and cryptocurrencies.
It has many useful features including SmartPay Invoicing, OTC and advanced trade.
Multiple funding options are available.
Telephone support is available.
The platform can be used in several parts of the world, across Asia, Europe, South America, North America, and Africa.
The platform caters for more advanced traders, offering limit and market orders as well stop loss functionality.
It is a user-friendly platform for beginners.
They have a strong regulatory compliance background.
Account opening and verification takes just a matter of minutes to complete.
Deposits are credited on the same day they are received.
24/7 support is available.
CoinSmart deposits are credited on the same day they’re received.
It has great customer support team.
Deposits are in your account the day they are received.
It follows strong security procdures.
It is an intuitive platform for new crypto traders.
It is user friendly.
CoinSmart offers fast sign-up and verification process.
There are advanced tools for experienced traders.
It has a generous referral program.
They offer same day deposits when funding your account.
It is backed by a bank.
Mobile app is available for App Store, making it easier to manage your crypto investment on the go.
It is great for beginners.
It has instant verification process.
CoinSmart offers same day deposits of funds.
24/7 support is offered via chat, email, or phone.
A range of guarantees cover processing times.
It offers Smart Guarantee.
It is a versatile trading platform that caters to beginners and professionals alike.
Advanced trading tools are available for professionals and OTC desk.
It is a well established company.
Smart Guarantee reduces long waiting times for account verification, deposits, and withdrawals.
Account Verification can be completed the same day you register.
There is instant verification for new clients.
They have fast verification process.
It is easy to get set up with quick account verification.
24/7 support is available.
There are VIP services for those who trade large orders.
Trading fees are competitive.
24/7 customer support is better than other exchanges.
It offers a large number of coins.
It is registered MSB.
It has easy to use interface.
It is backed by Canadian bank.
It has competitive trading fees.
It has a referral program.
They have a geat referral program.
There is instant verification via Equifax.

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❌ Cons

It requires a minimum deposit of $100.
They have a lengthy withdrawal process.
The selection of coins could be bigger, but is enough for the average investor.
Currently, CoinSmart only supports 9 cryptos. These are amongst the largest by market cap, however, with more coins coming in the near future.
There is no API functionality.
It offers few cryptocurrency options.
Fiat deposits can only be done in CAD (not applicable to premium accounts).
Fiat withdrawals take up to 5 days to process.
Only ten cryptocurrencies are offered on the exchange, which is not a problem for beginners, but may not be enough for advanced investors.
Currently, only Canadian and European citizens can use Coinsmart.
It lacks advanced features for experienced traders.
They have limited geographical coverage.
It has long processing time for withdrawals which is up to 5 days.
At the moment, CoinSmart provides support for Canadian citizens only.
Fiat withdrawals take 1-5 business days.
It is unavailable for residents in the United States.
There are no options for earning interest on your assets.
Mobile app is iOS only.
No Android mobile app at present, but CoinSmart will be android compatible soon. Until then, the CoinSmart website is fully functional through a mobile browser.
Fiat funding is only in CAD (except for premium accounts).
You will wait for 1-5 business days for Fiat withdrawal.
CoinSmart supports limited coins.
There is no mobile app.
Withdrawal via Interac are not supported.
It is limited to Canadian citizens and permanent residents of Canada.

⚖️ Final Say

Read the summaries of what reviewers think about CoinSmart below.

Review Summaries
They offer a good selection of coins, slick trading platforms, competitive pricing that’s also transparent, along with a solid customer service track record. While it’s not our top-rated exchange, CoinSmart ranks near the top. It’s a great all-around Canadian-based exchange with features that will satisfy traders of all levels.
Despite its relative novelty, CoinSmart has come a long way in its quest for simpler and more accessible trading, building its reputation on the strong customer support and an array of custom tools and interfaces supporting easier entry into the world of crypto trading.
While CoinSmart doesn’t offer as many cryptocurrencies as other exchanges, they do support the most popular and established coins. Fees are competitive against the market and the service guarantees are reassuring for their target market of novice traders.
CoinSmart is one of the simplest cryptocurrency exchanges in Canada with a focus on providing access to digital currencies and crypto trading using CAD. The company offers trading for 11 coins, including Bitcoin, Ethereum, Litecoin, Ripple, Tether, and many more. CoinSmart’s fees are straightforward, and they offer 24/7 customer service via phone, live chat and email. Coinsmart also has extensive FAQ sections as well as social media accounts for you to connect with them via Facebook, Twitter and YouTube.
To sum it all up, if you’re simply looking for a simple, safe, straightforward way to buy and hold cryptocurrencies, CoinSmart is a great choice, if you want a more advanced option for crypto trading and want to earn interest on your assets, you should look at some other options.
CoinSmart is a crypto exchange that 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 a safe, quick and easy way to buy, sell and trade Bitcoin and major cryptocurrencies. Both crypto beginners and advanced traders can benefit from this crypto exchange platform.
CoinSmart is a particularly easy to use platform offering both novice and seasoned crypto investors access to the crypto markets. Multiple options to buy, sell, deposit and withdraw cryptos, include credit/debit card make CoinSmart a competitive platform. Regulated, a high emphasis on security, and a global presence are also key attributes of CoinSmart.
CoinSmart is one of several cryptocurrency exchanges in Canada offering easy access to digital currencies and crypto trading using CAD. You can use CoinSmart to buy cryptocurrencies like Bitcoin, Ethereum, Litecoin, XRP, Tether, and Bitcoin Cash in Canada.
Coinsmart is an excellent option for Canadians looking for a simple crypto exchange that’s easy to understand and navigate. The exchange was designed for beginners and built for experts, making it a super-inclusive platform for users with all levels of crypto experience. While they don’t offer as many cryptocurrencies as their competitors, Coinsmart does provide access to the most popular digital assets on the market. We’re also impressed with the commitment to securing user funds. Cold storage? Check. Safe and secure verifications? You got it. 2-factor authentication? Always. Customers trust Coinsmart for industry-leading security.
Well, if you are looking for a transparent Canadian exchange that simplifies crypto while still having advanced functionality, then you should consider it.
CoinSmart is a cryptocurrency exchange founded in 2018. It operates in Canada and Europe and caters to both beginners and experienced traders. The platform is available via the web, and you can also use its iOS app. It is a user-friendly platform for beginners.
Overall, this CoinSmart review is mixed. CoinSmart offers some interesting features and supports a good number of digital coins. However, the deposit fees are on the high side for Interac e-transfers. While you can avoid the fees when funding your account, you’ll have to pay 1% or a minimum of $15 to withdraw CAD.
Are you 18 years and above, and you live in Canada? Coinsmart keeps growing in popularity among Canadians because it is legit and safe. However, know that cryptocurrencies are volatile; hence, kindly risk what you can afford to lose.
It is one of the best crypto exchange platforms that offers several options to buy, sell, trade, deposit, or withdraw cryptos, using multiple payment methods, including Interac e-transfer, debit card, or credit card. All of these make the platform extremely competitive with transparent fee structure and above-par security features.

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