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To put 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 to the Coinsmart platform will be very helpful.
Coinsmart's strengths
To begin with, Coinsmart is a fully regulated platform from Canada. It provides its users with several tools and services related to crypto-currency transactions. This platform allows you to make your online transactions as easy as possible. This is therefore its first advantage.
Secondly, it is important to 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 fall into the category of experienced investors, you can also rely on Coinsmart. The platform has state of the art analysis tools, with several other features that will be useful to you. Users can enjoy several other benefits such as:
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- The speed of the deposits, as they are taken into account on the same day
- The availability of several learning resources
- The possibility of using several means of payment 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.
Weaknesses of Coinsmart
All of the above advantages should encourage you to choose Coinsmart for your crypto-currency transactions. However, as you might expect, the platform is not all about strengths. Users lament a few shortcomings that you should be aware of before committing yourself.
First of all, you should be aware that with some payment methods, the fees to be paid are significant. What we appreciate, however, is the total transparency of the pricing policy. You will see the fees directly, so there are no unpleasant surprises. This is important, because withdrawal fees in fiat currency can also be high.
Finally, it should be noted that the supply of crypto currencies is quite limited. Indeed, on the Coinsmart platform, you will only be able to trade a total of 16 crypto-currencies. When you take stock of the many virtual currencies available today, you realise that this number is rather low.
Description of the service offered by Coinsmart
Coinsmart is a platform or tool created to make crypto-currency trading easier. It has come about in a way, to democratise trading in the virtual currency space. It is not just an online application, as Coinsmart is a real company, which is listed on the stock exchange.
It therefore 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 as 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. Many have adopted it, for all their crypto buying and selling needs. Even if we deplore the lack of diversity of the catalogue of crypto to be exchanged on the site, as well as some high prices, overall, it is an excellent tool to make transactions quickly, and in complete security. 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 buying and selling several crypto currencies. Do not hesitate to try it, whether you are a beginner or an experienced investor. Whatever your profile, you will find an interesting offer.
