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Coinsquare Review

Last Updated on January 31, 2024

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Written by
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Edited by
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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.
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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 established itself as a dominant cryptocurrency exchange in Canada, providing a secure and user-friendly platform for trading a broad spectrum of cryptocurrencies. The exchange’s fee structure, security measures, and customer support are tailored to cater to the needs of Canadian users and beyond, making it a noteworthy player in the world 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.


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


  • 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
Total Supported Cryptocurrencies 43+
Trading Fees 0.10% - 0.50%
Deposit Methods Bank Transfer, Cryptocurrency
Support Twitter, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Coinsquare stands as one of Canada’s most well-regarded cryptocurrency exchanges. Established to provide a robust platform for trading a variety of digital assets, it has grown to become a significant player in the Canadian crypto space.

Coinsquare homepage

Coinsquare has steadily established itself as a go-to hub for cryptocurrency enthusiasts in Canada. Beyond its core offerings, the exchange has continually adapted to the evolving landscape of digital finance, incorporating features and services that respond to the market’s demands and regulatory changes.

As the digital economy matures, Coinsquare remains a testament to the dynamic interplay between technology and finance, continuously shaping its strategies to meet the needs of a diverse user base seeking to engage with cryptocurrencies.

About Coinsquare

Coinsquare is a Canadian company that has been making waves in the crypto market since its inception. Rooted in a commitment to providing a trustworthy environment for buying and selling digital currencies, Coinsquare has built a reputation for its comprehensive services and focus on the Canadian market.

Over time, the platform has expanded its offerings and bolstered its infrastructure to cater to a growing clientele seeking to navigate the digital market.

Coinsquare features

Since its launch, Coinsquare has witnessed and adapted to the ebb and flow of the cryptocurrency world. From the early days of Bitcoin and Ethereum’s rise to the introduction of a myriad of altcoins, the exchange has seen the tides of investor sentiment shift time and again.

It has responded to these market trends with agility, often expanding its suite of services to include new funding options and coins. Coinsquare’s journey is punctuated by its resilience in navigating the complexities of digital currency trading, mirroring the overall growth trajectory of the industry.

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 43 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)
  • XRP (XRP)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Chainlink (LINK)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Filecoin (FIL)
  • Immutable (IMX)
  • Aptos (APT)
  • NEAR Protocol (NEAR)
  • Stacks (STX)
  • Bittensor (TAO)

View all cryptocurrencies Coinsquare supports

  • AAVE
  • ADA
  • ALGO
  • APE
  • ATOM
  • AVAX
  • AXS
  • BCH
  • BTC
  • CHZ
  • COMP
  • CRV
  • DAI
  • DASH
  • DOGE
  • DOT
  • ENJ
  • EOS
  • ETC
  • ETH
  • FIL
  • FTM
  • GRT
  • ICP
  • LDO
  • LINK
  • LRC
  • LTC
  • MANA
  • MKR
  • NEAR
  • OP
  • SHIB
  • SOL
  • UNI
  • USDC
  • WBTC
  • XLM
  • XRP
  • XTZ
  • YFI

Trading Experience

The user experience on Coinsquare is generally regarded as intuitive and efficient. It offers Quick Trade for simple transactions as well as an advanced trading platform for more sophisticated trading strategies.

This versatility makes it accessible to both casual crypto users and dedicated day traders. The platform’s commitment to technical analysis tools also supports traders in making informed decisions.

Trading on Coinsquare is crafted to offer a seamless and engaging experience, with features catering to both novices and seasoned traders. The advanced trading platform comes equipped with a suite of tools, including Depth charts and technical analysis, to help users make well-informed decisions.

The exchange’s robust infrastructure supports a responsive trading environment, ensuring that traders can execute strategies efficiently, even during periods of high market volatility.

Coinsquare exchange marketing

Coinsquare Fees

Coinsquare has a fee structure that is designed to be competitive within the landscape of cryptocurrency exchanges. It employs a tiered approach based on the volume of trades, which provides traders with the incentive to increase their trading activity on the platform to potentially benefit from lower fees.

Coinsquare’s fee structure is thoughtfully designed, resonating with both casual and serious traders. By not charging fees for deposits, including those made via Direct Bank Deposit and wealth wire, it stands out in a competitive market.

Additionally, the approach to trading fees is crafted to reward users for higher trading volumes, fostering a vibrant trading ecosystem on the platform. The exchange’s commitment to transparent pricing aligns with the evolving expectations of crypto traders who value straightforward cost structures.

Type Fee
Deposit Fee (Bank Transfer) 0% - 1.50%
Trading Fee 0.10% - 0.50%
Withdrawal Fee (Bank Transfer) 0% - 1.50%

Coinsquare supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So Coinsquare has a fee that is above the industry average by 566.67%.

Coinsquare has a maker/taker fee schedule which you can see below.

Pricing Tier Taker Fee Maker Fee
<10K 0.50% 0.50%
10K-25K 0.40% 0.35%
25K-50K 0.35% 0.35%
50K-100K 0.25% 0.17%
100K-250K 0.25% 0.15%
250K-1M 0.20% 0.12%
1M-5M 0.17% 0.10%
5M-20M 0.15% 0.08%
20M+ 0.14% 0.05%

Security - Is Coinsquare Safe?

Security is a cornerstone of Coinsquare’s operations. The exchange utilises well-known security protocols, including cold storage for the majority of assets, to ensure a high level of security for its users’ investments.

Additionally, Coinsquare is regulated by the Ontario Securities Commission, which adds a layer of trust and compliance to its operations.

Coinsquare takes user security with utmost seriousness, evident in its adoption of security protocols that are on par with the industry’s best practices. The strategic use of cold storage for the majority of client crypto assets showcases a commitment to mitigating the risk of security breaches.

Moreover, Coinsquare’s adherence to the stringent regulatory framework of the Ontario Securities Commission exemplifies its dedication to maintaining a secure trading environment for its users.

Coinsquare Customer Support

Customer support at Coinsquare is intended to be responsive and helpful, with multiple channels such as email address contact and a help centre available to clients. The support team’s efficiency is pivotal in maintaining the exchange’s reputation for user satisfaction.

The realm of customer support at Coinsquare is structured around the principle of accessibility. The exchange ensures that users can reach out and receive assistance when they need it, whether it’s through a detailed FAQ, an email address contact for direct inquiries, or a comprehensive help centre.

This multi-faceted client support framework is pivotal in sustaining customer satisfaction and trust in the 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

Binance logo


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

Trading Fees

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance
Kraken logo


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

Trading Fees
0.06% - 0.16%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo


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

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

In wrapping up the discussion on Coinsquare, it’s clear that the exchange has carved out a niche for itself in the Canadian cryptocurrency space. With a clean user interface and a range of services tailored for both novice and experienced traders, Coinsquare presents itself as a compelling option for anyone engaged in digital asset trading.

In the broader context of the digital finance revolution, crypto exchanges like Coinsquare are pivotal. They serve as both gateways and guardians in the emerging landscape of cryptocurrencies, which continues to challenge conventional notions of money and investment.

The evolution of these platforms is likely to parallel the push for more integrated and sophisticated financial ecosystems, where traditional and digital assets can coexist and complement one another.

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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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.

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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.

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