Top Cryptos

CoinSmart Review 2024

In this article, we provide an expert CoinSmart review.

CoinSmart cryptocurrency exchange has been known for its secure and easy-to-use platform since its launch in 2018. It follows strict regulations and offers services globally, trading well-known cryptocurrencies and currencies. 

Its quick verification, transaction processes, and features for experienced traders set it apart.

Table of content

Pros of CoinSmart

Cryptocurrency Options: CoinSmart offers a range of well-known and emerging cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more, catering to different investor preferences.

Advanced Trade Options: Features like limit orders and real-time charting provide traders with enhanced control and analytical tools for informed trading decisions.

Deposit/Withdrawal Methods: The platform supports various methods like wire transfers, credit cards, and cryptocurrency deposits, accommodating different user needs.

User-Friendly Interface: Created for beginners and experienced traders, the interface is easy to navigate.

Robust Security Measures: With most assets in offline storage and two-factor authentication, CoinSmart prioritizes the security of user funds.

SmartGuarantee Policy: This feature ensures quick account verification and reliable handling of deposits and withdrawals.

Transparent Fee Structure: CoinSmart maintains a straightforward and affordable fee structure for trading, deposits, and withdrawals.

24/7 Customer Support: Round-the-clock CoinSmart support through email, phone, and live chat channels.

Global Accessibility: Supports major fiat currencies and offers services in various countries, enhancing its reach.

Cons of CoinSmart

Potential Fees on Certain Transactions: While some CoinSmart deposit and withdrawal methods are fee-exempt, others may incur costs, which might be a drawback for some users.

Risk of Market Volatility: As with any crypto platform, users are exposed to the inherent volatility of the cryptocurrency market.

Dependence on User Knowledge: While user-friendly, successful trading still depends on the user’s understanding and research of the crypto market.

Limited Advanced Features for Experienced Traders: While suitable for beginners, more experienced traders might need more advanced features than specialized trading platforms.

Supported Cryptocurrencies and Trading Options

CoinSmart offers many crypto options for different investor profiles, from those who prefer well-established cryptocurrencies to others interested in the broader investment portfolio.

BTC, BCH, ADA, and Other Cryptocurrencies

Crypto CoinSmart exchange has curated a selection of widely-recognized and emerging cryptocurrencies to trade on its platform. It supports the exchange of significant cryptocurrencies such as:

✔️ Bitcoin (BTC): The first cryptocurrency is a primary choice for many investors.

✔️ Bitcoin Cash (BCH): Known as a ‘fork' of Bitcoin, it's designed for faster and more economical transactions.

✔️ Cardano (ADA): A third-generation cryptocurrency gaining attention for its eco-friendly approach and scalability.

✔️ EOS (EOS): EOS is acclaimed for its efficient transaction times and scalability for decentralized applications.

✔️ Ethereum (ETH): As the backbone for many decentralized apps and smart contracts, ETH is a staple for crypto enthusiasts.

✔️ Litecoin (LTC): Litecoin offers a different mining algorithm and quicker transaction times.

✔️ Ripple (XRP): XRP is also known for its digital payment protocol.

✔️ Stellar’s Lumen (XLM): Aimed at connecting financial institutions for large transactions.

✔️ Tether (USDT): One of the most known stablecoins, pegged to the US dollar, it mitigates the volatility often associated with cryptocurrency.


CoinSmart's Advanced Trade Options

For traders who seek more than just the standard buy and sell options, CoinSmart elevates the trading experience with advanced trade options. These include:

  • Limit Orders: This allows traders to set the price at which they want to buy or sell a cryptocurrency, providing control over trading prices that market orders cannot offer.
  • Real-time Charting: Traders can analyze market trends efficiently with access to real-time price charts, which is crucial for making informed trading decisions. Review: Deposits and Withdrawals

Users need access to various deposit and withdrawal methods to manage their investments effectively. CoinSmart provides many options to accommodate different preferences.

Fiat and Cryptocurrency

CoinSmart offers various deposit options for traders. You can use Wire Transfers for large sums, but remember they're traditional bank methods. Credit Card deposits are faster, but watch out for fees and limits. You can also deposit cryptocurrencies directly from other wallets or exchanges for convenience. 

  • Wire Transfer: It is suitable for larger transactions with potentially lower fees.
  • Credit Card: Offers quick deposits, useful for time-sensitive investments.
  • Cryptocurrency: Enables direct transfers from other crypto wallets.

Fiat Currencies: CAD, EUR, USD

CoinSmart serves users worldwide by supporting major currencies like CAD for Canadians, EUR for the Eurozone, and USD, which is widely accepted globally. This makes transactions more accessible to a broad audience. 

  • CAD: Ideal for Canadian residents.
  • EUR: Supports users across multiple European countries.
  • USD: Offers a universal currency option for international traders.

Deposit and Withdrawal Processes

CoinSmart makes it easy to add and withdraw funds. Users can use Wire Transfers or EFT to move money to their bank accounts and transfer cryptocurrencies to other wallets. The platform processes these transactions quickly and provides transparent information about fees and limits. 

CoinSmart Platform Features

CoinSmart differentiates itself in the competitive cryptocurrency exchange market by creating a user-friendly platform suitable for beginners and experienced traders. Their design makes it easy for anyone to engage with digital currencies. 

User Interface


CoinSmart's user interface is easy to use, making it great for crypto beginners. It's designed to help new users start trading quickly without confusion. But it's not just for newbies; advanced features like in-depth charts and limit orders are there for experienced traders who need them. 

Security Measures

Coin Smart crypto exchange takes digital currency security seriously and uses strong measures to protect assets. The platform keeps most of its digital assets in offline storage, which helps prevent cyber theft. Additionally, CoinSmart uses two-factor authentication (2FA) to add extra security. 

With 2FA, users enter a password and a code from their mobile device to access their accounts, ensuring that only the account owner can make transactions or changes. 

CoinSmart's SmartGuarantee

CoinSmart stands out with its SmartGuarantee, ensuring quick and reliable handling of deposits and withdrawals building trust with clients. They promise same-day account verification, allowing users to trade immediately. 

Coin Smart Review: Fees

CoinSmart aims to offer affordable and transparent fee structures for trading, deposits, and withdrawals, ensuring no hidden costs. They pledge to inform users about fee changes, balancing cost-effectiveness and quality service. 


Trading Fees

CoinSmart offers simple and affordable trading fees for cryptocurrency. A single trade, whether buying or selling crypto for fiat currency, costs a fee of 0.20%. For a double trade, where you buy and sell simultaneously, the fee is 0.40%.

These low fees are attractive for occasional and frequent traders, helping them save money while trading or adjusting their investment portfolios. 

Deposit and Withdrawal Fees

CoinSmart is not only about trading. It offers users many options for deposits and withdrawals, each with its associated cost structure. Understanding these CoinSmart fees is imperative for users to maximize their financial strategies.

Deposit Fees:

Funding one's account is accessible, with multiple options. CoinSmart allows deposits through Wire Transfer, SEPA, Bank Draft, Credit Card, and directly through cryptocurrencies. While some deposit methods, particularly SEPA and Wire Transfer, are fee-exempt, others may involve certain costs.

Withdrawal Fees:

When it's time to take profits or relocate assets, CoinSmart facilitates this with an array of withdrawal methods, including Wire Transfer, Cryptocurrency, and Electronic Fund Transfer.

The platform transparently outlines CoinSmart withdrawal fees for each cryptocurrency, ensuring users are informed before executing a transaction. Fiat withdrawals are just as clear-cut, with specified minimum and maximum amounts alongside any associated costs.

CoinSmart Customer Service

CoinSmart provides a comprehensive customer support system designed to assist users anytime they need help. At the heart of their support services is the 24/7 availability of the customer care team.

24/7 Support Availability

For any queries or issues that arise, CoinSmart crypto exchange users have several channels to reach out. These include:

  • Email support: A dedicated team is ready to respond to written inquiries, ensuring users get detailed and thoughtful assistance.
  • Phone assistance: Customers can speak directly to a customer care representative by calling (855) 390-2646. This personal touch is great for immediate and complicated issues.
  • Live chat: Users can utilize the live chat feature for rapid responses to simpler questions or technical issues while navigating the platform.

CoinSmart's commitment to round-the-clock support is a testament to their understanding of the crypto market's 24/7 nature, and their dedication to user satisfaction is reflected in this approach.


FAQ and Support Pages

In addition to direct support, CoinSmart offers an array of self-help resources. These resources empower users to find quick solutions to common questions and issues:

  • FAQ section: Here, you'll find answers to a broad spectrum of frequently asked questions, covering basics to more complex scenarios users may encounter.
  • Support pages: The ‘Submit a request' function allows users to seek specific help not covered in the FAQs. These pages guide you through troubleshooting steps and provide detailed information for self-resolution.

By offering extensive self-service options, CoinSmart aims to streamline the support process, allowing users to resolve their concerns swiftly and independently whenever possible.

Regulatory Compliance and Security

CoinSmart is a cryptocurrency exchange that takes security and regulations seriously. It's recognized as a Money Service Business by FINTRAC in Canada, which means it follows strict rules to prevent illegal activities like money laundering.

CoinSmart also has a license from the Financial Intelligence Unit in Estonia, showing it meets high European operating standards.

Here's how CoinSmart focuses on user safety and follows the rules:

  • Uses advanced security measures, including cold storage wallets, to protect users' funds from online threats.
  • Requires Two-Factor Authentication (2FA) for an extra layer of security on user accounts.
  • Have clear reporting procedures to track transactions and report suspicious activities to authorities.
  • Provides education to users about safe cryptocurrency trading practices.

Additional Features

CoinSmart extends its offerings beyond just buying and selling cryptocurrencies by incorporating additional programs and features to enhance the user experience and reward its customer base.

Referral Program

Going above and beyond to incentivize its users, CoinSmart has introduced a referral program. Through this program, both the person referring and the referred individual can receive a CoinSmart bonus.

Users can earn a monetary reward, typically around $15, after the referred person makes a qualifying first deposit.

  • Referrer Benefits: Users advocating for CoinSmart can use this program by sharing their unique referral link with friends, family, or their audience.
  • Referred User Advantages: New users also receive a bonus to kickstart their trading journey.
  • Simple Participation: The process is straightforward – once someone signs up using the referral link and meets the necessary deposit conditions, the bonus is issued to both parties.

CoinSmart Premium

CoinSmart Premium offers Over-The-Counter (OTC) trading and personalized service packages for individuals and institutions with high-volume trading needs. This premium segment is tailored to accommodate large transactions with its distinct advantages.

  • OTC Trading Desks: These desks are designed for high-net-worth individuals and institutional traders looking to execute large trades without affecting the market price.
  • Personalized Services: Premium clients receive hands-on support and dedicated account managers to assist with unique trading needs and provide a more customized experience.
  • Additional Perks: The service typically includes lower fees, expedited transactions, and access to deeper liquidity pools.

Registration Process

CoinSmart makes signing up easy and fast. Just provide your info, confirm your email, and show your ID for KYC rules. Unlike other exchanges with slow verification, CoinSmart verifies users instantly.

This quick process helps new users start trading immediately, avoiding delays and catching important market changes. CoinSmart focuses on making crypto trading accessible for everyone. 

Real-Time Charting and Limit Orders for Traders

CoinSmart offers experienced traders valuable tools for smart trading. Its real-time charting allows traders to see price movements and historical data easily, helping them make informed decisions. 

This is great for both daily trading and long-term investment plans. CoinSmart also provides limit orders, letting traders set exact prices for buying or selling cryptocurrencies. This helps manage risk and take advantage of market swings without constantly watching the market. 

You can see Best Long-Term Crypto Projects for other good long-term investment options.

Future Developments

CoinSmart is updating its services to attract more users. They plan to offer more types of cryptocurrencies, including new and popular altcoins, to give users more trading options. They're also working on a new Android app to let users trade crypto easily from their phones. 

CoinSmart app will have all the features of its central platform but with the convenience of mobile use. These changes show CoinSmart's dedication to keeping up with trends and improving the user experience. 

⭐ What cryptocurrencies are supported on CoinSmart?

CoinSmart supports a variety of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar’s Lumen (XLM), and Tether (USDT).

⭐ What advanced trade options does CoinSmart offer?

CoinSmart provides advanced trade options such as Limit Orders and Real-time Charting.

⭐ What are the deposit and withdrawal methods on CoinSmart?

Users can fund their CoinSmart accounts through Wire Transfers, Credit Card deposits, and direct deposits of cryptocurrencies. For withdrawals, options include Wire Transfers, Electronic Fund Transfers (EFT), and cryptocurrency withdrawals. The platform supports fiat currencies, including Canadian Dollars (CAD), Euros (EUR), and U.S. Dollars (USD).

⭐ What are CoinSmart's deposit and withdrawal fees? offers a variety of deposit methods, including Wire Transfers, SEPA, Bank drafts, Credit cards, and direct cryptocurrency deposits, each with its associated fee structure. Withdrawal options include Wire Transfers, Cryptocurrency, and Electronic Fund Transfers, with transparently outlined fees for each. 

⭐ Is CoinSmart compliant with regulatory standards?

Yes, CoinSmart is a registered Money Service Business (MSB) recognized by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The exchange is also licensed under Estonia's Financial Intelligence Unit (FIU), demonstrating its commitment to user safety and regulatory compliance.

⭐ Which countries does CoinSmart operate in?

CoinSmart operates on several continents, including Africa, Asia, Europe, North America, and South America. 

⭐ What programs does CoinSmart offer?

CoinSmart offers a referral program that rewards both the referrer and the referred user. CoinSmart Premium provides Over-The-Counter (OTC) trading and personalized service packages for high-volume traders. 

⭐ Is CoinSmart legit?

✅ Coinsmart is considered a legitimate cryptocurrency exchange.

CoinSmart Supported Countries

CoinSmart is a user-friendly cryptocurrency platform that reaches a global audience and breaks traditional financial borders. It offers easy access to digital currencies for people in various parts of the world, supporting the idea of a borderless economy.

  • In Africa, CoinSmart introduces residents to the expanding world of crypto.
  • Asian users can join the digital currency trend thanks to CoinSmart's presence.
  • European users have access to CoinSmart's advanced crypto trading services.
  • Canadians benefit from CoinSmart's adherence to local regulations.
  • South Americans can use CoinSmart to explore international investments, bypassing conventional banking limitations.

Specific Country Support and Restrictions

CoinSmart is a cryptocurrency exchange that follows local laws in each country it operates to build trust with users. It's available in European countries like Austria, Belgium, and Spain, adhering to their financial regulations.

In Asia, it has entered markets such as Japan and Singapore, and in Africa, it serves places like Nigeria and South Africa, where it's part of a growing financial movement.

CoinSmart Review: Conclusion

So, in summary of the CoinSmart review, it is a user-friendly cryptocurrency trading platform offering a variety of well-known cryptocurrencies, advanced trading options, and robust security measures.

It caters to beginners and experienced traders with features like real-time charting, limit orders, and 24/7 customer support. While it provides global accessibility and a transparent fee structure, users should know potential transaction fees and geographic restrictions. 

Yana Levkovich

Crypto Analyst

Yana is an expert with a deep understanding of cryptocurrency more than 7+ years. Covering everything from traditional technology to blockchain tech and decentralized finance (DeFi). Her expertise extends to tasks like white paper creation and tokenomics consultancy. She advises companies seeking success in the cryptocurrency industry, so sh ..
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