Coinsquare Cryptocurrency Exchange Review

Exchanges
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Coinsquare History

Cryptocurrency exchange Coinsquare is a Canadian project. Its launch date is 2015. We cannot say that it is one of the market leaders, but at the local level the platform has serious performance.

To date, Coinsquare exchange has more than 100 thousand users who have already been verified, and their number is actively growing. The central office of Coinsquare is located in Toronto.

IMPORTANT: Coinsquare specializes in customers from Canada. More than 85% of active traders are located in Canada.

Registration

To start working you need to register. In the upper right corner there is a button “Get Started”.

It is necessary to fill in the following data:

  • Username;
  • Email;
  • Password (twice);
  • Referral cod, if present;
  • Country of residence (there is only 1 option – Canada);
  • Agree with the terms of the exchange and enter captcha.

Then you will receive an email confirming your registration. There will be a link to activate your actions.

Security of new customers

Coinsquare, a cryptocurrency exchange, has put special emphasis on creating a high-security environment.

Immediately after registration with Coinsquare, it is necessary to verify (to work otherwise on the site will not work).

3 steps of verification

  1. Upload a scan of your passport or driver’s license;
  2. Upload a document from the place of user’s registration;
  3. Take a photo (selfies) with a sheet of paper (format A4). Write your account number (consists of 5 digits) on the piece of paper. The number is specified in the personal account, it is very well visible.

Fund Deposit and Withdrawal

Coinsquare focuses on working with cryptocurrency, so users try to deposit and withdraw funds in tokens, taking into account the specifics of the exchange.

You can deposit the account with the following types of cryptocurrency:

  • Litecoin;
  • Ethereum;
  • Bitcoin;
  • Bitcoin Cash;
  • Dogecoin;
  • Ripple;
  • Dashcoin.

Additionally, the account can be replenished by means of payment systems:

  • Wire Transfer;
  • Flexepin.

Also, the owners have provided an opportunity to enter funds by credit card and bank transfer.

The minimum deposit amount after registration is $100. Further users can deposit from $20 to $1,000, and withdraw from $500 to $3,000. Restrictions are related to the payment system the client has chosen and the level of verification in the platform.

Pros
  • fast replenishment and withdrawal
  • fiat currency – Canadian dollar
  • very simple interface
  • it is possible to use mobile application
  • all clients’ money is placed on “cold” wallets, which means they are fully protected
Cons
  • the exchange only works in Canada
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