Read more about the CoinSmart Canada Story: The Other Side of Fear. If you trade between cryptocurrencies that are not Bitcoin, called a double trade, the commission goes up to 0.3%.
When it comes to trading fees, this crypto exchange charges a 0.2% commission when you buy or sell crypto with Canadian dollars, or when you trade Bitcoin with other coins. It is also possible to make withdrawals in cryptocurrencies. The transaction fee is 1%, with a processing time ranging from 1 to 5 days. On the one hand, you have electronic funds transfers and bank wires. Trading fees vary between 0.20% and 0.30% of the amounts traded.ĭifferent withdrawal methods are also available. For these transactions, the processing is done on the same day, with 0% fees except on eTransfers over $1,999, which cost a 1.5% fee. You can also choose between bank transfers, eTransfers or bank wire. Funding your account this way is instant but the fees can be up to 6.75% of the deposit amount. Not only is Coinsmart fully regulated, but it's also a publicly traded company on the NEO stock exchange, which makes the company's financial information and business operations transparent to the public.Ĭurrently, the Coinsmart platform provides 16 different cryptocurrencies to choose from and four deposit methods, including credit and debit cards. Now that the acquisition is complete, Coinsquare is the largest crypto exchange in Canada and will soon merge with WonderFi sometime in mid-2023.
In September 2022, Coinsquare announced an agreement to acquire Coinsmart. Coinsmart: Best crypto exchange for transparency Read more about how Bitbuy Technologies Inc. Deposit options include bank transfers and Interac eTransfers, which are near-instantaneous. This crypto trading platform does not support payments in US dollars, euros or pounds sterling. Trading on Bitbuy is limited to Canadian dollar (CAD) deposits from local banks and financial institutions. All assets held by BitGo are completely covered by an insurance policy, giving customers peace of mind when using Bitbuy.īitbuy is only available in Canada and currently offers 25 different cryptocurrencies. The latter is a company specializing in the storage of digital assets.
In accordance with Canadian regulations, Bitbuy’s cold-stored assets are secured by BitGo Trust Company. The platform offers a reliable, convenient, and secure way to buy various cryptocurrencies. Bitbuy is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as well as the Ontario Securities Commission (OSC). In March of 2022, it was acquired by Kevin O’Leary-backed WonderFi Technologies Inc.
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