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To define it simply, Coinsmart is an online crypto currency exchange platform. It is a very powerful Canadian platform that you will enjoy discovering and using for your various transactions. Do you want to know more about it first before adopting it? Then our guide on the Coinsmart platform will be very useful for you.
The strengths of Coinsmart
To begin with, Coinsmart is a perfectly regulated platform from Canada. It provides its users with several tools and services related to crypto-currency transactions. This platform allows you to carry out your online transactions, as easily as possible. This is therefore its first advantage.
Secondly, you should know that Coinsmart is especially aimed at people who don't know much about crypto currencies. In other words, beginners and people with little experience in the field. Thus, this platform will be a real support to take your first steps in the field of virtual currencies.
If you are in the category of experienced investors, you should know that you can also rely on Coinsmart. The platform has state-of-the-art analysis tools, with several other features that will be useful for you. Users can enjoy several other benefits such as:
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- The speed of the deposits, because they are taken into account the same day
- The availability of several learning resources
- The ability to use multiple payment methods for transactions
- Easy negotiations to get crypto currencies at cheap rates
- Regulation of the platform by FINTRAC
- The platform's collaboration with a Canadian bank
- The speed and simplicity of the verification process.
The weak points of Coinsmart
All of these aforementioned advantages should encourage you to choose Coinsmart for your crypto-currency related transactions. However, as you might expect, the platform does not only have its strong points. Users lament a few shortcomings that you should be aware of before committing yourself.
First of all, you should know that with some payment methods, the fees to pay are important. What we appreciate, however, is the total transparency in the pricing policy. You will see directly the fees to pay, to avoid any bad surprise. This is important, because withdrawal fees in fiat currency can also be high.
Finally, it should be noted that the offer in crypto currencies is quite limited. In fact, on the Coinsmart platform, you will only be able to exchange 16 crypto currencies in total. When we take stock of the many virtual currencies available today, we realize that this number is rather low.
Description of the service offered by Coinsmart
Coinsmart is a platform or tool created to make crypto currency transactions easier. It came about in a way, to democratize trading in the virtual currency field. It is not just an online application, because Coinsmart is a real company, which is actually listed on the stock exchange.
Therefore, it offers more security and guarantees to users. On this platform, you will be able to exchange different crypto currencies. You can also have at your disposal, several tools and specific features, which will be useful for a better management of your portfolio.
Thus, the proposed service can be summarized in buying, selling or exchanging crypto currencies, between individuals, and possibly professionals. The site is indeed aimed at everyone.
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Rates and packages at Coinsmart
At Coinsmart, you will be able to enjoy several quality services, but at a certain price. The rates vary, from one service to another. For example, for withdrawals, you will have to pay 1% of the amount to be withdrawn. For single transactions, the fee is 0.20%, and for double transactions it is 0.40%. For card deposits, you can pay up to 6% in fees.
Reviews and comments on Coinsmart
Overall, users are very satisfied with the service offered by the Coinsmart platform. They are numerous to have adopted it, for all their needs of sale or purchase of crypto. Even if we deplore the lack of diversity of the catalog of crypto to exchange on the site, as well as some high prices, overall, it is an excellent tool to make transactions quickly, and safely. Plus, with the learning tools available, anyone can get started with crypto currencies through this site.
As you may have noticed, Coinsmart is actually a platform for selling and buying several crypto currencies. Don't hesitate to try it, whether you are a beginner or an experienced investor. Whatever your profile, you will find an interesting offer.
