We understand how hard it is to make money. So, whenever you want to spend or invest it, you must make sure it is on the right thing or platform. So if you are among those asking if coinsmart is legit, welcome to this detailed coinsmart review.
This post will explain everything you need to know about the company and why you should not delay being part of it.
Below are the vital questions we will cover in this post for better understanding of the platform:
- Is coinsmart safe and legit?
- Is coinsmart a good exchange?
- How to buy bitcoin on coinsmart?
- What are coinsmart-supported countries?
- How to withdraw money from coinsmart
- The pros and cons of using coinsmart
Before we go into details of the questions listed above, let’s briefly look at the origin of the company coinsmart
Coinsmat Review -Origin
Coinsmart is a crypto exchange platform founded by Justin Hartzman and Jeremy Koven in 2018 in Canada, Toronto.
As you may know, in every problem lies a huge opportunity. That was exactly what led to the creation of this top rated cryptocurrency exchange.
Both founders were denied access to funding, verification, and transaction on other crypto exchanges that were in existence.
Knowing the great opportunities in the crypto world, they were forced to go beyond thinking of trading to create a world-class crypto exchange.
Their mission was to create an exchange that is beginner-friendly, seamless verification, and easy to fund and withdraw while maintaining maximum platform security.
And that they achieved.
They thought of serving only crypto communities in Canada but ended up serving almost the whole world.
We have understood the company’s origin; let’s move on to answer the questions posed above.
Is Coinsmart Safe and Legit?
Without mincing words, yes is the answer. coinsmart is one of the safest cryptocurrency exchanges in the world.
Here are the reasons you should not have any doubt about doing business on the platform:
Firstly it is a FINTRAC registered money service business in Canada. This means that their activities comply with the financial rules and regulations stipulated by the Canadian central bank.
Secondly, integrating anti-fraud data agencies makes detecting fake identities, addresses, dates of birth and location easy. So, the community is filled with genuine and reliable investors like you.
Thirdly, the two-factor authentication factor ensures maximum security of passwords and investments. You can only have access to your account by using a code that is sent to your mobile number.
To further protect your account, the code has a very short life span. So, hardly will fraudsters have access to your account.
With this, it is obvious that coinsmart is safe and legit.
Is Coinsmart a Good Exchange?
There is a lot to say about the goodness of coinsmart exchange. Also, conismart reviews found online speak volume of its legitmacy.
Let me start with the security and ease of withdrawing funds. That is paramount when considering cryptocurrency exchange to use.
In other words, the ease and speed of transactions on the coinsmart platform are second to none.
The security system gives me the joy to go to sleep at night without a doubt. Yes, if you pass the processes of transacting on this platform, you will concur that, yes, your money is at the right place.
This bolsters the claim made by the company that no one can attack the system because they employed a bank encryption security system.
Another great thing about coinsmart exchange is the availability of multiple funding sources. So, no boundaries to the use of this cryptocurrency exchange.
Above all, it has the lowest transaction charges in the industry.
What are the Coinsmart Supported Countries?
Though Coinsmart started in Canada, it is gradually expanding its reach. The updated report shows that coinsmart-supported countries are:
- United Kingdom
How to Buy Bitcoin on Consimat?
It will interest you to know that there are other digital currencies you can buy and sell on the coinsmart platform. So, it is not limited to bitcoin alone.
However, the process of buying bitcoin on coinsmart remains the same with other coins.
Let’s role on the steps you must follow to buy bitcoin on coinsmart platform
- Visit coinsmart official web page here. Sign up by clicking the red” create account button” at the top right
- Input your best email address for verification
- Verify your email from the email sent to you to proceed with the registration
- At this stage, input your date of birth, phone number, address
- Wait for instant verification.
If the instant verification fails, you will need to prove you’re genuine by providing the following:
- Government-issued ID
- A selfie of you holding the ID
- A copy of the current utility bill or a bank statement of account that is not more than 6 months old. The bank statement or utility must contain your name and address.
Coinsmart Review-Pros and Cons
- Very easy-to-use interface
- High secured system
- Very affordable transaction fee
- High responsive customer service
- Coinsmart is not available in the USA
- Has a very limited number of coins to trade on the platform
Coinsmart Exchange Review 2022-Conclusion
One of the most difficult tasks facing every crypto trader is making the right choice of exchange. Once you get it right, you are sure of succeeding in trading.
To help you out, we made a comprehensive coinsmart review to guide you in making an informed decision.