![]() in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. Up to 0.20% trading fee variable fees for deposits and withdrawalsĬoins held in cold storage with Gemini – a regulated custodianĮnoch Omololu is a personal finance expert and a veterinarian. Up to 0.4% trading, free deposits 1-2% withdrawalsĠ.20% trading variable fees for deposits and withdrawalsġ.5% price spread free deposits and withdrawals. Interac e-Transfer, bank wire, bank draft, credit card, crypto FeaturesīTC, BCH, BSV, ETH, ETC, DOGE, DASH, XRP, XLM, LTC, etc.īTC, ETH, USDT, XLM, LTC, ADA, USDC, DOT, EOS, SOL, AVAX, & moreīTC, ETH, LTC, EOS, BCH, XLM, AAVE, and more We compare Coinsquare with Bitbuy, Wealthsimple Crypto, and CoinSmart below. Visit coinsmart Read review Coinsquare vs. The best crypto exchange in Canada is CoinSmart. Your referral (friend) receives $10 in BTC when they fund their account with at least $100. You can copy your referral code or link from your account dashboard and share it with friends. Coinsquare Referral ProgramĬoinsquare has a referral program that pays you up to 45% commission on their fees. What this means is that your investments are not insured should the firm become insolvent. Similar to other crypto exchanges in Canada, Coinsquare is not a member of the Canadian Investor Protection Fund (CIPF). ![]() You can lose all your money regardless of which platform you are using.Ĭoinsquare is a registered Money Service Business in Canada and it is required to comply with the regulatory framework put in place by FINTRAC (Financial Transactions and Reports and Analysis Centre of Canada).Īs per its website, the company has a 95% cold storage policy and uses encryption to protect your account information. This is a good time to remind you that cryptocurrency trading is a risky venture. Was penalized by regulatory authorities for fraudulent activity in 2020.Support is available from 9am-5pm EST Monday to Sunday (not 24/7).User-friendly platforms for both newbies and pros.Industry average processing times for deposits.Has a good selection of coins including forks like Bitcoin SV and Ethereum Classic.Related: How To Buy Bitcoin in Canada Pros and Cons of Coinsquare Check their website for the most updated information. The withdrawal fees for digital currencies vary with Quick Trade and Coinsquare’s advanced platform. If you withdraw crypto, these fees apply: It is free to deposit the supported digital currencies. Same day before 4pm EST (deposits) 1-3 days (withdrawals) When using Quick Trade, you pay 0.20% for trades using BTC (single trades) and 0.40% for trades not involving Bitcoin (double trades).īit Markets fees are lower at 0.1% for liquidity trades (Maker) and 0.2% for trades that remove liquidity (Taker).ĭeposits are free, however, a 2% fee applies to withdrawals. ![]() The trading fees vary depending on whether you are using Quick Trade (instant trades) or Bit Markets (advanced platform with multiple order types). Related: Best Crypto Trading Platforms Coinsquare Fees When your account has been fully verified, you can fund it using Interac e-Transfer, wire transfer, and digital currency deposits. This KYC verification is a legal requirement. After verifying your email address and phone number, you are required to provide additional information including a: Regulated as a Money Service Business (MSB) with FINTRAC.Ĭoinsquare’s sign-up process is similar to the other cryptocurrency platforms we have reviewed.Competitive trading fees and free deposits.Desktop and mobile trading platform with options for beginners and experienced traders.Last year, the crypto exchange launched its mobile app “Quick Trade” on both iPhone and Android devices. It also has an Over-The-Counter (OTC) desk for large volume cryptocurrency trades ($25,000+) and dedicated account management via Coinsquare Wealth.Ĭoinsquare was in the news recently regarding wash (fake) trades “authorized” by its co-founders – Virgile Rostand and Cole Diamond.īoth individuals have since stepped down from their executive roles after paying penalties levied as part of a settlement with the Ontario Securities Commission (OSC). The platform offers more than just trading opportunities for everyday folks. Coinsquare Canada is a cryptocurrency exchange founded in 2014.
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