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Coinsquare

CanadaCanada
Full trading platformcoinsquare.ioSince 2015
Intuitive Ease of use, High Privacy, Wallet platform Private Keys Stored
  • Overview
  • Security
  • User Experience

Volume 24H: BTC 20,226.5300/24h

Coinsquare markets itself as Canada's leading platform for fast and easy trading of Bitcoin, Ethereum, Litecoin, gold, silver, and several other cryptocurrencies. For users trading over $25k or $100k, Coinsquare offers Concierge and Diamond accounts that have lower fees for wire transfers and a dedicated customer support. Coinsquare is among the most popular trading platforms in Canada.

This platform is best-suited to novice users from Canada, since it allows only Canadians to register. The platform has a clean and sleek design, placing an order is very easy and happens instantly thanks to the QuickTrade option they offer.

Crypto Currencies Support

  • BCH
  • BTC
  • DASH
  • DOGE
  • ETH
  • LTC

Traditional Currency Support

  • AUD
  • CAD
  • EUR
  • USD

Language Support

  • English
  • French

Country Support

  • Canada

Platforms Systems

  • — Web Interface

Stock Market Options

Interface customisation:

  • — Charts

Advanced Options:

  • — Limit Order
  • — Market Order

Discounts For The Big Traders

  • — Reduced Maker Fees

Coinsquare proudly states that it hasn't lost a single coin since its inception in 2015 and is built on the same technology infrastructure as the New York Stock Exchange. They use a proprietary platform and do regular data back-ups and check-ups. The platform offers 2FA as a security means, letting users decide if they want to use Google 2FA or Coinsquare 2FA.

Summary:

2 Factor AuthenticationYes
Funds InsuredFunds Are Not Insured
Private Keys Stored OnExchange Platform
Storage TypeHot

Advanced Security Features:

  • — N

Security Features:

  • — Protection From Ddos Attackes
  • — Regular Data Replication And Backup
  • — SSL

Legal Registration or Compliance:

  • — N

Although Coinsquare is very popular in Canada, the team prefers to remain anonymous stating only that Coinsquare is run by a passionate team of software engineers. There is no info regarding their storage methods of private keys. Recently, CEO Cole Diamond revealed that the company is looking to extend its line of cryptos with new additions, with Ripple among the first that will be added.

Summary:

This platform is a decent option for users with a Canadian ID and phone number, both of which are required for registration. Although the fees are decent, there have been user reports about crypto trading fees being higher than the market average. Users should be aware that several DDOS attacks against users, where their IPs were blocked, have been reported.

Ease of useIntuitive
Transaction Fees0.1%-0.4% Depending On Quicktrade Choice
Deposit/Withdrawal Fee0-0.09%
Deposit/Withdrawal Fee For Bank Transfer0.5% - 1%/withdrawal, 0.25% - 0.5%/ Deposit
Deposit/Withdrawal Fee For Credit CardN/A
Deposit/Withdrawal Fee Charged For 3rd party Payments1.1+
Anonymous TradingNo

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party, Send/Receive Crypto

Functionality:

Coinsquare has a QuickTrade feature that allows users to trade instantly from any coin to any coin, whether fiat or crypto. Coinsquare also offers dedicated wallets for its supported currencies. This platform has both a basic and an advanced trade view, where more experienced users can place Limit or Market Orders.

Most common customer complaint:

— Some users have complained about high trading fees