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Customers can deposit funds through credit/debit cards, bank drafts, bank wires, and Interac e-Transfer. Transactions with credit/debit cards are instant, while those with bank drafts, bank wires, and Interac e-Transfer might take a day. Transaction fees for Interac e-Transfer and bank wires are 1.5% for transactions less than $1999. When the transactions are over $2000, the transaction fee is 0%. Credit/debit card transactions attract up to 6% for deposits, while bank drafts are free.Getting Started
Opening a Coinsmart account will require your email address, password, and other personal information like your name and date of birth. Coinsmart offers a mobile app and a crypto wallet for investors. The Coinsmart referral program allows customers to refer their friends to the platform. When those individuals deposit up to $100 in their account, the user receives $15.
CoinSmart is a platform that allows access to buying and selling cryptocurrency to all Canadians no matter their crypto experience. They provide an accessible trading interface, learning resources and unlimited client support which encourages simple crypto transactions.
There are a lot of reasons why you should use CoinSmart. Some examples include:
CoinSmart's funding options include a 0% starting fee for Interac e-transfer and bank wires and a 6% starting fee for credit and debit cards. CoinSmart's withdrawal options include a 1% starting fee for electronic funds transfer and bank wires.
To get started with CoinSmart, you need to go on their website and click the 'Get Started' button. You can then create an account and get instantly verified, for which you can do same-day deposits as well as cryptocurrency trading.
CoinSmart has a SmartSecurity feature that prevents fraudulent activity through an identity verification process that can find fake information using a database from data collection agencies. They also have two-factor authentication that provides extra security ensures that personal details are safe. Additionally, they offer cold storage for each cryptocurrency given on the exchange, which protects it from any hacking attempts.