coinsmart com @ PissedConsumer

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. CoinSmart has a far more thorough and reasonable fee structure than Coinbase, but the latter’s worldwide availability and integration give it a bigger edge. Coinbase and CoinSmart offer different experiences and features to their users. For the basic service, Coinbase also has a transaction minimum of $2, up to a total of $25,000 per day. While signing up and using it is free, Coinbase generally has a confusing fee structure that depends on two factors. Still, CoinSmart is a strong competitor in its own space and is perfect for Canadians looking to invest in crypto.

Known as Canada’s answer to the growing crypto industry, the exchange has become the go-to for many Canadians looking to invest. It has set itself apart as the standard in providing beginners with an on-ramp platform for buying and selling digital assets. We go check out the two of the biggest crypto exchanges — CoinSmart and Coinbase — to find out which one is best for you.

Scammed on Coinsmart wallets

If you wish to learn more about these platforms, click here for Coinbase and click here for CoinSmart. Coinbase is perfect for beginners, while CoinSmart can handle both newbies and pro users living in Canada. Both Coinbase and CoinSmart guarantee a safe and insured trading experience for all its users.

Account frozen

The site has an excellent UI that makes depositing a breeze. Crypto withdrawals incur a flat fee that varies depending on the asset. This wallet is protected using standard industry practices and procedures. They will then have to enter the newly generated code as well as the information of their account. In addition they are backed by a registered Canadian bank. CoinSmart has a somewhat limited selection of digital currencies for you to buy, sell, and trade.

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. Yes, as a FINTRAC registered business, CoinSmart requires identity verification for all users. CoinSmart accepts Interac e-Transfers for deposits with a $100 minimum deposit required. CoinSmart is good for Canadians as they offer fast identity verification and multiple funding methods in Canadian Dollars with fast deposit times.

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This can be a downside, given that Coinbase is available worldwide and supports both Android and iOS. The app only has iOS support for now while an Android version is coming soon. For its crypto choices, CoinSmart is more about quality over quantity, as its small but strong selection of coins all found moderate to large success. In addition to this, the platform has an impressive library of educational resources as well as a Coinbase debit card, which can be used anywhere Visa is accepted.

• Still, CoinSmart is a strong competitor in its own space and is perfect for Canadians looking to invest in crypto.
• Both trading platforms will serve you well in your crypto journey and provides enough features and resources to make sure your experience is smooth.
• It is a service available to clients looking to complete buy or sell orders worth greater than or equal to $25,000.
• If you don’t want to contact support and need immediate answers, visiting the FAQ section is a good option.
• We go check out the two of the biggest crypto exchanges — CoinSmart and Coinbase — to find out which one is best for you.

Order cancelled, no money back

Ive got scam by an email that I received mentioning that I needed to pay a gas fee in order withdraw some money. Anyway, Thanks for freezing the account for me and sending the money back. I have now transferred that money back to my account with the instructions given by Mark. I told her no, I need the money in my account, but she said trust me and you will get your money.

• For Canadian Dollar deposits, there is zero fees with a bank wire or draft, but these options require a minimum deposit of $10,000 and $500, respectively.
• I wanted to talk to someone so your customer service right now sucks I dialed the number.
• The first is that it’s a very beginner-friendly platform and it’s a great place for new crypto users to get started.
• After you deposit funds, the dashboard reveals a SmartTrade section.

Compared to Coinbase, CoinSmart has more reasonable fees for any transactions made on the platform, as well as a more straightforward pricing model. For the experienced trader, this means more flexibility, especially since buying and trading on the platform are as easy as a few clicks. Supported in all U.S. states, except Hawaii, Coinbase is known for offering one of the widest selections of tokens among cryptocurrency exchanges. While both are trading exchanges that largely cater to beginner traders, Coinbase and CoinSmart approach this in different ways.

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 to get started. 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.

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As a customer, it’s a good way to hold a company accountable. Canadian residents using Interac e-Transfer shouldn’t be surprised to see funds the same day in their trading account. The dashboard tracks your trades and provides a complete history of trades, deposits and withdrawals. Reviews of the app by users offered some positive feedback; most people experienced challenges. CoinSmart charges a 1% withdrawal fee via electronic funds or bank wire.

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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. It makes crypto investing available to 40 countries but not the U.S. CoinSmart prides itself on the security features it offers.

Besides offering the main coins such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, CoinSmart also offers altcoins. On the SmartTrade section, you select to buy or sell cryptocurrencies. Depositing funds requires you to click on deposits in the dashboard and select a preferred payment method. Expert traders can use advanced charts, order books, stop losses and limits to enhance their strategy. Beginners can easily buy or sell cryptocurrencies with the click of a button. Besides Canadian dollars, you can fund your account with U.S. dollars and Euros.

The company is regulated by the Ontario Securities Commission and other Canadian security regulators. Processing can take one to five days, and the minimum withdrawal via bank wire is $10,000. You can also submit a ticket, and support will contact you. If you don’t want to contact support coinsmart review and need immediate answers, visiting the FAQ section is a good option. You can have wallets for all the coins without funding them.

She found out I had only 480 in my account, so she would ask her supervisor if she could lower that amount. My bank said Coinsmart received it the same day. The issue has NOT been resolved and CoinSmart is still holding my money which amounts over 83,000.00 $! Bonus 250.00USD They told that my account was empty that l was scammed I wanted to talk to someone so your customer service right now sucks I dialed the number.

Both trading platforms will serve you well in your crypto journey and provides enough features and resources to make sure your experience is smooth. While Coinbase is catered towards beginners, more experienced and active traders can easily upgrade to Coinbase Pro, which offers a deeper and more technical trading experience. The trading platform delivers impressive services with advanced technology and features. She was then going to take the money from my RBC sent to my coinsmart account and then send it to their offshore company. For Canadian Dollar deposits, there is zero fees with a bank wire or draft, but these options require a minimum deposit of $10,000 and $500, respectively.

Additionally, CoinSmart is backed by a registered Canadian bank, so its users’ funds stay within Canadian regulation. What makes this compelling, however, is that if this guarantee isn’t met, they will refund you the transaction fees. Canadian dollar withdrawals have a 1% fee with a $15 minimum, while crypto withdrawals have a flat fee based on the asset. While Coinbase is mainly for beginners, CoinSmart prides itself in serving both entry and pro users. Coinbase offers the ability to earn free crypto for learning about new digital assets.

Besides Interac e-Transfer, you can deposit money via bank wire, bank draft and credit card. Although it’s proud of its Canadian roots, CoinSmart offers services to more than 40 countries. You don’t have to be an expert trader or crypto investor to trade on this platform. CoinSmart offers services to certain countries and makes its app available only within the physical borders of those nations. If you sign up for a CoinSmart account and deposit at least $100, the platform will add $20 to your account.