CoinSmart

Item: CoinSmart
Rating: 4.5
Author: svr

Get 20$ bonus for your first deposit of 100$.

T&Cs Apply

New customers only

Fees (Maker/Taker)
0.20%/0%

Pros

Low trading fees
Instant verification process
Same day deposits
Highly secure
User-friendly iOS/Android apps
Customer support
50$ bonus on 200$ deposits

Cons

High card deposit fees
Crypto withdrawal fees can be high
CoinSmart not issuing own cards

CoinSmart is a cryptocurrency exchange founded in Canada in 2018 and is expanding to other markets, such as Europe. Platform offers high security by storing 95% of assets in cold storage and is insured up to 100mln USD. CoinSmart is also a publicly traded company on NEO exchange (SMRT) and certified by FINTRAC.

Currently, there are more than 200K of users on CoinSmart and platform offers 16 cryptocurrencies.

Fees

CoinSmart provides their customers with a simple fee structure. Trading fees here are extremely low: 0.20% for a single trade and 0.30% for a double trade.
What is the difference between single trade and double trade on CoinSmart? Single trade occurs when one currency in your trading pair is Bitcoin (BTC), but all others trading pairs are double trades. For example, trading BTC to ETH is a single trade, while ETH to SOL is double trade.
Deposit and withdrawal fees on CoinSmart can become quite high, especially if you choose credit/debit card deposit (6%). However, if you choose Bank Wire, Bank Draft or SEPA payment, your deposit will be free of charge.
Cryptocurrency withdrawal fees are different for each coin and can be found here.

SmartGuarantee

With SmartGuarantee platform guarantees that all deposits with be credited to your account same day funds reach the platform. As well as, all cash withdrawals are processed within 5 business days. CoinSmart also provides their customers with same day verification processing.

SmartTrade

On CoinSmart you don’t need to care about trading pairs. You can simply trade any currency for any other currency without converting to BTC first. It allows you to quickly respond to the market.

SmartSecurity

CoinSmart pays much attention to security of their platform. 2FA (two factor authentication) is available for all users, as well as, 95% of all assets are stored in cold storages.

Advanced Trade

For advanced customers CoinSmart prepared dashboard where you can set order limits, stop loss, and real-time charting, where you can place customized orders using order book.