Coinsquare

Coinsquare

Coinsquare
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $6,747,560

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.

Traditional Currency Support

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • English
  • French

Country Support

  • Canada

Platforms Systems

  • Web Interface

Stock Market Options

Interface
customisation:

  • Allows customization of charts

Advanced
Options:

  • Limit Order
  • Market Order

Discounts For
The Big Traders:

  • Reduced Maker fees

Coinsquare security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Security Features:

  • SSL
  • Protection from DDoS attackes
  • Regular data replication and backup

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 use
Intuitive
Transaction Fees
0.1%-0.4% depending on QuickTrade choice
Deposit/Withdrawal Fee
0-0.09%
Deposit/Withdrawal Fee c For Bank Transfer
0.5% - 1%/Withdrawal, 0.25% - 0.5%/ Deposit
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
1.1+
Anonymous Trading
Yes

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