CoinSmart Review: The Best Place to Buy, Sell and Accept Cryptocurrencies

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4 years ago

CoinSmart Review: The Best Place to Buy, Sell and Accept Cryptocurrencies. thinkmaverick

Are you looking for the easiest way to buy, sell, trade, manage and accept Bitcoin payments all in one place?

Or wondering how to buy Bitcoin instantly with quick verification and payment?

Let me introduce you to CoinSmart, a Canadian crypto exchange.

Whether you’re a beginner or advanced trader, CoinSmart has a suite of handy tools that allow you to buy and sell Bitcoin, Ethereum and major cryptocurrencies in Canada and Europe.

What is more, CoinSmart simplifies the process of accepting crypto payments. You can create crypto invoices, accept crypto payments and get cash instantly in just a few clicks. This is particularly great for those who want to accept crypto as payment for their services or products without much hassle.

But, wait…

Is CoinSmart legit?
Is CoinSmart safe and secure?
What are the fees on Crypto.com?
How to get started with CoinSmart?

In this article, I’ll answer your most pressing question and everything there is to know about CoinSmart.

Now let’s get to it:

Bonus: Get an extra $50 in BTC when you deposit $200 using my link here.

What is CoinSmart?

Founded in 2018, CoinSmart is a Canadian cryptocurrency exchange based in Toronto.

With its tremendous growth, CoinSmart is now expanding their services for Europe. Making it one of the fastest growing and most easy-to-use platform to trade Bitcoin, Ethereum, and other 7+ cryptocurrencies in Canada and Europe.

You can buy, sell and exchange crypto assets at the best possible exchange rate with analysis tools, 24/7 live support, local funding methods and a high level of security.

You can use CoinSmart to:

Trade cryptocurrency to another cryptocurrency with full access to advanced trading tools and charts.
Instant exchange between different cryptocurrencies
Buy large amounts of Bitcoin without moving the market
Invoice customers and accepts crypto payments
Auto-sell your crypto and receive payments in your local fiat currency directly to your bank account
Manage and track your crypto portfolio in an easy-to-use interface
Manage your crypto investment on the go with its mobile app

Let’s look at CoinSmart in detail.

CoinSmart Features

1. Smart Trade

Smart Trade is an easy way to buy and sell one coin to another directly without having to trade to Bitcoin first.

It’s straightforward, quick and safe.

Plus, you don’t have to deal with complicated trading charts.

Simply choose the cryptocurrency you want to buy and the coin you want to sell, and instantly swap between coins in one-click.

2. Advance Trade

CoinSmart’s Advance Trade is a professional trading platform specially designed for experienced traders.

It offers real-time charting, technical analysis tools, limit orders, stop loss, indicators, so you can make better decision by placing a custom trade order.

3. Smart Interface

CoinSmart makes it super easy to buy, sell and trade cryptocurrency. With its simple and intuitive interface, you can easily track and manage your crypto assets at a glance.

4. SmartPay Invoicing and Auto-Sell Wallets

One unique feature of CoinSmart is SmartPay Invoicing.

With this feature, you can easily accept cryptocurrency as payment for your small business.

Simply use SmartPay to send an invoice to your customer and accept crypto payment. To avoid price volatility, you use the auto-sell wallet feature to automatically convert your crypto to local FIAT and get instant cash in your bank account.

There’s no chargebacks. There’s no bank mediator, saving you up to 2.5% on credit card processing fees.

And you can take crypto payments securely anytime, anywhere, opening a new opportunity to attract new group of customers across the world.

5. OTC Desk

Looking to buy or sell large quantities of Bitcoin or other cryptocurrencies at the best possible in one single order?

CoinSmart’s OTC desk can help.

High networth individuals, institutional buyers and sellers, premium traders can take advantage of this personalized 1-on-1 OTC trading service.

Instead of placing multiple orders on crypto exchange, OTC (over-the-counter) desk helps you to execute large trades without affecting the market.

6. Smart Support

CoinSmart offers 24/7 human support – via live chat, phone call or email.

7. Smart Guarantee

As cryptocurrency’s price fluctuates massively, the time you waste around for verification and fund deposits could mean that you might miss out on any potential trading opportunities.

That’s where Smart Guarantee comes into place.

With Smart Guarantee,

You will get your account verified on the same day (usually instantly)
You will receive your deposited funds in your account the same day.
You can quickly withdraw Fiat cash to your bank. Withdrawals guaranteed within 1-5 business days.

8. CoinSmart Mobile App

CoinSmart is available on App Store. Easily manage your cryptocurrency anytime, anywhere using your mobile phone.

How to Buy Bitcoin using CoinSmart

CoinSmart aims to simplify the complex world of cryptocurrencies. Hence, the exchange is known for its easy access to Bitcoin for Canadians and Europeans in general.

Here’s a quick step-by-step guide for buying your first (tiny fraction of) Bitcoin on CoinSmart:

1. Sign up for a free CoinSmart account

Go to CoinSmart official page and create your free account with your email ID.

Enter your name, use a strong password, select your country and click “Sign Up” to register a new account.

2. Verify your identity

To comply with KYC (Know-Your-Customer), you will need to verify your identity before you can start using CoinSmart.

Once you follow the instruction and submit personal documents such as national ID, passport or driver’s license, you can expect to get your account verified the same day.

3. Make a deposit

Now your account is approved. Let’s start buying Bitcoin. CoinSmart supports a variety of payment methods.

There is zero fee if you fund your account using SEPA, Bank wire, Bank Draft and Interac eTransfer.

While buying crypto with credit card will incur a higher fee.

Once the transfer is initiated, your money will arrive in your CoinSmart the same day, so you can buy Bitcoin without much delay.

4. Buy Bitcoin

Once you get the deposit, exchange your fiat money into Bitcoin on the trading platform.

CoinSmart Funding Methods and Fees

With CoinSmart, you can fund your account with CAD, EURO, USD using different payment methods:

SEPA
Interac eTransfer
Bank Wire
Bank Draft
Credit & Debit Cards

Deposits processed the same day as funds received. Credit & Debit Card purchases processed instantly.

Interac E Transfer	$100 Min	$3,000 Max	0% Fee on $2,000+ 1.5% Fee on $100 – $1,999	Same Day Received
SEPA	€50 Min	€5,000,000 Max	0% Fee	0-3 Business Days Received
Bank Wire	$10000 Min	$5,000,000 Max	0% Fee	Same Day Received
Bank Draft	$500 Min	$5,000 Max	0% Fee	Same Day Received
Credit / Debit Card	$100 Min	$5,000 Max	Up to 6% Fee	Instant Processing

CoinSmart Withdrawal Methods and Fees

You can withdraw EURO, CAD, USD with SEPA, EFT & Bank Wire directly to the bank account.

Electronic Funds Transfer	$50 Min	$10,000 Max	1% Fee ($15 Minimum)	1-5 Days Processing
SEPA	€50 Min	€5,000,000 Max	FREE Fee	1-5 Days Processing
Bank Wire	$10,000 Min	$1,000,000 Max	1% Fee ($15 Minimum)	1-5 Days Processing

CoinSmart Supported Cryptocurrencies

BTC, ETH, LTC, XRP, XLM, USDT, EOS, BCH, ADA

Coinbase Supported Countries

Canada and Europe

Is CoinSmart Safe and Secure?

Overall, CoinSmart is a well-secured website to buy, sell and trade cryptocurrencies.

95+% of cryptocurrencies are stored in industry-leading cold (offline) storage wallets.
Secure your account with 2-Factor Authentication (2FA), making it harder for hackers or thefts to steal your funds.
CoinSmart is backed by two Canadian banks for all your on and off ramping crypto needs, you can be sure that you funds never leaves Canada.
Digital assets secured through BitGo- A world leader in crypto storage backed by a $100M insurance.

While CoinSmart is safe to use, it’s your responsibility to practice basic crypto security to protect yourself against human errors and potential attacks.

CoinSmart Pros

Fast, instant verification
Same day signup, payments
24/7 live support
Competitive trading fees
Backed by banks
Many useful features including SmartPay Invoicing, OTC and advanced trade
Mobile app is available for App Store, making it easier to manage your crypto investment on the go

CoinSmart Cons

Not available in the US
A limited selection of coins

Conclusion

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.

Although you can use CoinSmart to store your cryptocurrency, you don’t control the private key. For this reason, if you’re owning a significant amount of crypto, it’s best to use a hardware wallet which you have complete control of your funds.

Are you ready for crypto investing?

Sign up for CoinSmart here

What do you think?

Would you use CoinSmart to buy, sell or trade cryptocurrency? Why or why not?

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