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Coinsquare Review

Last Updated on July 9, 2024

James Headshot
Written by
Adam Headshot
Edited by
Coinsquare logo
2.88
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Coinsquare

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Coinsquare has quickly established itself as the go-to cryptocurrency exchange in Canada, offering secure and user-friendly trading of an extensive variety of cryptocurrencies. Their fee structure, security measures and customer support services all cater to meet the needs of Canadian users as well as those outside. As such they make for a prominent player in the realm of digital assets.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • User-friendly interface
  • Offers a variety of cryptocurrencies
  • Strong security measures
  • Canadian Dollar (CAD) support for local users
  • Quick trade execution

Cons

  • Limited educational resources for beginners
  • Higher fees compared to some other platforms
  • Limited international availability
  • No margin trading options
  • Customer support can be slow to respond

Quick Summary

Headquarters Location Toronto, Canada
Fiat Currencies Supported USD, CAD, EUR
Total Supported Cryptocurrencies 53+
Trading Fees 0.50%
Deposit Methods Bank Transfer, Cryptocurrency
Support Facebook, Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Coinsquare stands as one of Canada’s premier cryptocurrency exchanges, offering an easy and reputable platform for trading various digital assets. Since its establishment, Coinsquare has quickly grown into one of Canada’s key crypto spaces.

Coinsquare homepage

Coinsquare has steadily established itself as the go-to hub for cryptocurrency enthusiasts in Canada. Beyond its core offerings, this exchange has successfully evolved along with digital finance’s ever-evolving landscape by offering features and services tailored specifically to market needs and regulatory changes.

As the digital economy evolves, Coinsquare stands as a testament to how technology and finance interact, continually adapting its strategies to meet the needs of a diverse user base looking to engage with cryptocurrency.

About Coinsquare

Coinsquare, a Canadian cryptocurrency exchange company, has quickly made waves since its debut. Based on a commitment to provide an environment trusted by users for buying and selling digital currencies, the firm has garnered accolades for their comprehensive services tailored specifically for Canadian market needs.

Over time, the platform has expanded its services and strengthened its infrastructure to meet the growing demands of clients seeking to navigate digital markets.

Coinsquare features

Coinsquare has seen and adjusted to the constant shifts within the cryptocurrency space since its inception. From Bitcoin and Ethereum’s rise, to altcoin introduction, and investor sentiment shifts time after time; Coinsquare has witnessed and adjusted to all this evolution of investor interest in crypto assets.

Coinsquare has responded quickly and adeptly to market changes, frequently expanding its range of services by adding new funding options or coins. Coinsquare’s journey reflects its resilience in handling digital currency trading’s complex nature while reflecting industry growth trends.

Coinsquare has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit and YouTube.

Coinsquare has a mobile app on both the Apple App Store and Google Play.

Coinsquare Supported Cryptocurrencies

Coinsquare supports trading on over 53 cryptocurrencies on their platform. This exchange currently supports 21 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Toncoin (TON)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Uniswap (UNI)
  • Kaspa (KAS)
  • Internet Computer (ICP)
  • Pepe (PEPE)
  • Ethereum Classic (ETC)
  • Artificial Superintelligence Alliance (FET)
  • Aptos (APT)
  • Stellar (XLM)
  • Monero (XMR)

Download full list of cryptocurrencies Coinsquare supports

Trading Experience

Coinsquare offers an intuitive and efficient user experience, featuring Quick Trade for quick transactions and an advanced trading platform for more complex trading strategies.

The platform’s flexibility makes it suitable for both casual users and day traders, while its focus on technical analysis tools assists traders in making informed decisions.

Coinsquare was designed to offer an enjoyable trading experience, tailored for novice and veteran traders alike. The advanced platform includes tools like Depth charts and technical analysis to assist users in making more informed decisions.

Our robust infrastructure enables a responsive trading environment, enabling traders to effectively execute strategies even during periods of high market volatility.

Coinsquare exchange marketing

Coinsquare Fees

Coinsquare offers a competitive fee structure in the cryptocurrency exchange marketplace, using tiered pricing based on trading activity to encourage increased trades on its platform and potentially qualify for reduced fees.

Coinsquare offers an innovative fee structure designed to attract both casual and serious traders alike. By not charging fees for deposits via Direct Bank Deposit and wealth wire, it stands out among an increasingly competitive market.

Trading fees have also been tailored to reward users who engage in higher trading volumes, creating an exciting trading ecosystem on the platform. Furthermore, their transparent pricing model aligns perfectly with evolving expectations among crypto traders who value straightforward cost structures.

Type Fee
Deposit Fee (Bank Transfer) 0%
Trading Fee 0.50%
Withdrawal Fee (Bank Transfer) 0% - 1.50%

Coinsquare supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, they don't charge anything above the standard Bitcoin network fee. Across all the crypto exchanges we've reviewed, the average Bitcoin transaction fee charged is 0.000401 BTC compared to the actual network fee of 0.000026 BTC. This means you are saving 93.42% on Bitcoin transactions by using Coinsquare instead of other exchanges.

Security - Is Coinsquare Safe?

Coinsquare puts security at the core of their operations. Utilizing industry standard protocols – including cold storage for most assets – they aim to offer users an enhanced level of protection when investing their funds with them.

Coinsquare is also subject to regulation from the Ontario Securities Commission, providing an extra measure of trust and compliance in their operations.

Coinsquare takes user security very seriously, evidenced by its adoption of security protocols that align with industry best practices. Coinsquare utilizes cold storage for many crypto assets belonging to client accounts in order to reduce risks related to security breaches.

Coinsquare’s dedication to adhering to the stringent regulatory framework set out by Ontario Securities Commission shows its dedication to offering a safe trading experience for users.

Coinsquare Customer Support

Customer support at Coinsquare strives to be prompt and helpful, offering multiple channels such as email contact and a help centre to its clients. Their staff’s efficiency is key in upholding Coinsquare’s long-standing record of user satisfaction.

Coinsquare customer support is built upon an accessibility principle. Users are ensured they can reach out for help whenever needed via detailed FAQs, direct inquiries email address contact, or a comprehensive help centre.

This comprehensive client support framework is essential in maintaining customer loyalty and satisfaction on our platform.

Coinsquare support

Coinsquare Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Coinsquare

  1. Create Account - Visit the Coinsquare website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Coinsquare Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Trading Fees
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Fiat Currencies Supported
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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Fiat Currencies Supported
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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Fiat Currencies Supported
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Final Thoughts

Coinsquare has quickly earned itself a strong presence in Canada’s cryptocurrency landscape. Offering user-friendly services tailored towards both novice and veteran traders alike, its user interface stands out as an attractive proposition for digital asset trading enthusiasts alike.

Coinsquare plays a pivotal role in the digital finance revolution. Serving both as gateways and protectors in an emerging landscape of cryptocurrency investments that continues to challenge conventional notions of money and investment, these exchanges represent one key gateway into its world.

These platforms may evolve alongside efforts to develop more integrated and sophisticated financial ecosystems where traditional and digital assets coexist and supplement each other.

Coinsquare FAQs

Coinsquare is one of the cryptocurrency exchanges that users can consider. It offers a user-friendly interface and a range of cryptocurrencies for trading.

As with any platform, potential users should carefully evaluate its features, security measures, customer support, and fees to determine if it aligns with their trading and investment needs.

Coinsquare’s ownership has changed over time, with investment and changes in their management structure. For the most up-to-date information on the ownership of Coinsquare, one would need to refer to the latest corporate disclosures or official announcements from the company itself.

Coinsquare is headquartered in Toronto, Ontario, Canada. Being a Canadian-based exchange, it primarily serves Canadian residents and operates under the regulatory framework applicable in Canada.

Coinsquare competes with other cryptocurrency exchanges in the Canadian market and globally. Some of its competitors include platforms like Bitbuy, Kraken, and Coinbase, among others that offer cryptocurrency trading services.

Coinsquare is primarily focused on the Canadian market, and its services are tailored to Canadian residents. Those in the USA would need to check the latest availability status directly from Coinsquare, as regulations and offerings can change.

In Canada, Coinsquare has implemented a variety of security measures to protect users’ funds and personal information. However, as with any online platform, users should perform their own due diligence and utilize all available security features such as two-factor authentication.

To withdraw money from Coinsquare, you typically need to log in to your account, navigate to the withdrawal section, choose the preferred method of withdrawal, enter the amount you wish to withdraw, and then follow the instructions provided by the platform to complete the transaction.

Coinsquare has set minimum deposit amounts for funding your account, which can vary depending on the chosen method of deposit. To find the current minimum deposit, you should check Coinsquare’s official website or contact their customer support for the most recent information.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: