Have you been researching cryptocurrency exchanges and are you trying to decide whether Coinsmart is the best fit? Stop searching now! A prominent cryptocurrency exchange, CoinSmart was founded in 2018 in Toronto, Canada. Major cryptocurrencies, such as Bitcoin and Ethereum, may be easily traded on the market using Canadian dollars. With its user-friendly interface and emphasis on safety, CoinSmart aims to level the playing field when it comes to trading digital assets, making them available to all traders. Even though it has several complicated trading features for experienced and high-volume traders, the cryptocurrency exchange is easy enough for newcomers to use.
The goal of CoinSmart, a prominent Canadian crypto exchange, was to ensure that all traders had easy access to cryptocurrency. Bitcoin and other major cryptocurrencies may be bought and sold on the exchange. At the moment, it works with the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Stellar Lumens, EOS, Ripple, ADA (Cardano), and Tether USD. For those just getting their feet wet in the Bitcoin world, this simple exchange is ideal. Professional and high-volume traders may take use of its sophisticated trading tools as well.
FINTRAC Canada and FIU in Estonia oversee and licence CoinSmart, which has its headquarters in Toronto. The list of regions that can participate in the exchange goes on and on, and it doesn’t stop with Canada and Estonia; it also includes Brazil, Bulgaria, Austria, Cyprus, Denmark, Finland, France, Georgia, Germany, India, Greece, Italy, Jamaica, Malaysia, and the Japanese.
The CoinSmart exchange platform is identical to other similar platforms that facilitate trading cryptocurrencies. The registration page is where users must first go in order to create an account. Users are prompted to enter their name, email address, password, and other details in order to complete the registration process. A confirmation link is sent to the registered email ID by the platform once the registration is complete.
After clicking the link, users will be redirected to a page where they can confirm their email ID and enter additional personal information, such as their date of birth, address, and mobile number. Additional information is immediately validated by the platform through the Equifax databases. Users are able to submit supporting documents in the event that their identity verification is unsuccessful.
It is necessary for users to register on the platform and create a CoinSmart account before they can start using the CoinSmart exchange. Here are the steps to follow:
Step 1: To sign up for CoinSmart, enter your name, email address, and password on the homepage of the official website. If a user has been recommended by another user, they may additionally input the referral code. (For more information, see the Referral section.)
Step 2: The exchange will send a link to the user’s registered email address once they have successfully registered to ask for confirmation. The user will be sent to their CoinSmart account to finish the remaining verification steps after confirmation is given.
Step 3: The platform is subject to oversight by FINTRAC due to its status as an MSB (Money Service Business). In order to begin trading on the site, individuals are compelled to fulfil the necessary Know Your Customer criteria, which include verifying their identity and address.
Step 4: Users must provide their cell phone numbers in order to complete the identity verification procedure. You will then get a text message at the number you provided, along with the verification code.
Step 5: Equifax, a third-party service, is used to expedite the procedure by retrieving the user’s identification from their database and validating the facts they provided.
Traders of all stripes may take advantage of CoinSmart, the well-known Canadian trading platform. CoinSmart’s stated goal is to provide an easy-to-use exchange platform that traders of all skill levels and backgrounds can use. To purchase or sell cryptocurrency, the user interface provides a clean SmartTrade interface. For first-timers experimenting with the platform, the design’s simplicity is perfect. Price charts, live positions, and market books make this platform ideal for experienced traders as well. Market orders, which let traders trade at the going exchange rates, stop orders, and limit orders are just a few of the order types available to traders.
CoinSmart premium investors have access to a customisable OTC trading solution designed for high-volume individuals and businesses with buy/sell orders of USD 25,000 or more. Depending on the size or volume of their orders, it offers a personal account representative, optimised pricing, and reduced costs.
Every user, regardless of their choice, has access to the exchange’s SmartSupport services, which include an omnichannel customer support staff available via phone, live chat, and email around the clock.In conclusion, our CoinSmart Review has shown that this platform is among the best and simplest options for Canadians and people all around the globe. Anyone from complete bitcoin newbies to seasoned pros may use it. It’s one of the top crypto exchange platforms since it lets you buy, sell, trade, deposit, and withdraw cryptocurrencies using a variety of payment methods, such as credit card, debit card, or Interac e-transfer. The platform’s straightforward cost structure and above-par security measures make it incredibly competitive.