CoinSmart Review: An Overview
CoinSmart is a cryptocurrency exchange and trading platform that was launched in 2018. The platform is designed to make trading cryptocurrencies easy and accessible for both novice and experienced traders. CoinSmart is based in Canada and is regulated by FINTRAC, which is Canada's leading financial regulatory agency.
Features and Benefits
CoinSmart has several features and benefits that make it a standout exchange and trading platform. First, the platform is user-friendly, which makes it easy for novice traders to navigate through the site. Second, CoinSmart has a wide variety of cryptocurrencies that can be traded, which gives traders more options to choose from. Third, the exchange has a 24/7 customer support service that can be accessed through live chat, email, or phone. Fourth, CoinSmart has a referral program that rewards its users with $25 for every friend they refer who signs up and deposits at least $100.
Trading Fees
CoinSmart has a competitive fee structure that is designed to be transparent and straightforward. The exchange charges a flat trading fee of 0.2% for both Maker and Taker trades. Deposits and withdrawals can be made using various payment methods such as Interac, Credit Card, or Bank Wire Transfer. There are no fees for deposits and withdrawals on the exchange, which is a plus for many traders.
Security and Regulation
CoinSmart takes security seriously and has implemented several measures to ensure that its users' funds are safe and secure. The exchange uses cold storage to store 95% of its users' funds, which makes it difficult for hackers to access the funds. CoinSmart is also regulated by FINTRAC, which ensures that the exchange complies with anti-money laundering and know-your-customer regulations.
Conclusion
CoinSmart is a user-friendly cryptocurrency exchange and trading platform with several features and benefits that make it stand out from other exchanges. Its competitive fee structure, wide variety of cryptocurrency options, 24/7 customer support, and secure platform make it an excellent choice for both novice and experienced traders. If you are looking for a reliable and trustworthy cryptocurrency exchange, you should consider signing up for CoinSmart.
