Last Updated on by BBE Research Team
This is the Canadian exchange, which began operations in 2014. Is Coinsquare legit? The exchange is registered as Coinsquare Ltd., a Canadian corporation. Coinsquare reviews such cryptocurrencies as BTC, BAB, BSV, ETH, LTC, DOGE, DASH, ETC, XRP, XLP, and also Canadian dollars (CAD). Here you can convert CAD or (USD) into the digital coin you need at the current tariffs.
Where is Coinsquare located? If you need any advice from Coinsquare support, you can contact the Compliance Officer at PO Box 6 Toronto B Toronto, Ontario, M5T 2T2, or write an e-mail to [email protected] Coinsquare phone number is absent.
We continue our Coinsquare review and move on to such an important point as Coinsquare fees. The commission for trading is presented in the table:
The commission for the withdrawal of digital currency depends on the type of cryptocurrency and may change over time. At the moment it is:
- Bitcoin: 0.0005 BTC;
- Bitcoin ABC/SV: 0.001 BAB/BSV;
- Ethereum: 0.005 ETH;
- Ethereum Classic: 0.005 ETC;
- Litecoin: 0.02 LTC;
- Dash: 0.002 DASH;
- Dogecoin: 2 DOGE;
- XRP: 0,5 XRP;
- Stellar Lumens: 0,5 XLM.
You can find all the needed information about Coinsquare limits the minimum and maximum deposit and withdrawal on the Deposit&Withdrawal page.
Is Coinsquare safe?
One of the first questions that can arise while reviewing the exchange “Is Coinsquare safe?”. The exchange’s team offers the user the following precautions:
95% of all crypto-currencies are in cold storage;
Daily encrypted and distributed backups.
Due to all used security means, the likelihood of Coinsquare scam is minimal.
How to use Coinsquare? After you have registered and received your Coinsquare login you need to pass the verification. This will allow you to access many manipulations. For verification, you need to provide the following documents:
Government-Issued Photo ID;
It takes about 2 working days to verify your documents. After that, you can start working with your Coinsquare wallet.
Let’s turn to the question “How to buy on Coinsquare?”. The quickest way to buy/sell a currency is QuickTrade. The site has a step-by-step instruction on how to use this function. Also, you can use Advanced Trade, which is suitable for experienced traders. This type of trading allows a user to make limit orders.
And now let’s sum up our Coinsquare review 2020 and highlight all the pros and cons of this site.
If you suspect Coinsquare fraud or this exchange isn’t suitable for you, check out the Coinsquare alternative:
- There is a referral system;
- Relatively small commissions;
- Supports fiat currency;
- 95% of coins are in cold storage;
- Mobile app;
- Suitable for beginners.
- Aimed mainly at Canadian users.