Coinsquare.com is based in Toronto. This is heavily advertised as a positive factor, as Canada is obviously a developed country with a sound financial and regulatory environment. The focus on Canadian customers is further underlined by the fact the company offers trading against the CAD.
Coinsquare While this is a major currency, followed closely by a lot of forex traders, it is by no means widely used out of the country, as the US dollar for instance. That being said the Base currency of your Coinsquare account can be: CAD, USD, EUR, GBP, AUD or BTC.
You’re trusting your money with us, and they take that very seriously. Coinsquare is SSL and 2FA enabled, with a 95% cold storage policy on all digital currency. Coinsquare.com 100% proprietary system has been stress tested and DDoS tested.They manage ledger consistently so they know where every coin is at all times.
How To Start With Coinsquare
To start trading with Coinsquare.com, Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Coinsquare website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Coinsquare.com account
Coinsquare Trade Fees
If, on the other hand, you would like to buy cryptocurrencies quickly without having to place your orders on the book then you can purchase using a Quicktrade. Here, your counterparty to the trade is Coinsquare and you will pay a flat fee for the trade.
If you are swapping Bitcoin for some other coin then you will be charged the single rate fee of 0.2%. Alternatively, if you trading one altcoin for another altcoin (no Bitcoin at all) then you will pay a double fee of 0.4%.
If you wanted to withdraw your funds in Canadian dollars then the following are your options to do so.
|Payment Method||Min||Max||Fee||Processing Time|
|Direct Bank Deposit||$100||$10,000||2%||1-9 Days|
|Wire transfer||$10,000||$100,000||2%||1-9 Days|
|Wealth Wire||$10,000||$100,000||1%||1-9 Days|
|Rushed Wire||$50,000||Unlimited||2%||1 Day|
Just as a comparison, if you were to get charges the highest fee for the trade at 0.4% this is still quite small compared to the 1.49% fee that is applied at Coinbase for example.
The most secure trading platform
Coinsquare platform is 100% proprietary. They are SSL and 2FA enabled, with a 95% cold storage policy on all digital currencies, and they run multiple encrypted and distributed backups every day.
Coinsquare low, transparent fees and no trading minimum make it so everyone can take advantage of digital currency. Conveniently trade from any device, and get help from our expert support team whenever you need it.
The future in your pocket
Download the Coinsquare mobile app to keep an eye on the markets and make trades at the perfect moment, wherever you are.
Coinsquare offers a web-based interface, as well as a mobile app. They chose the word interface, as their offering represents what a long term investor will use to look at her assets instead of an actual trading platform, like MetaTrader4 (MT4), for instance. That being said, it does its job pretty well. Here is a preview of the “Quick Trade”.
Fast KYC Verification:
Coinsquare claims to offer fast KYC verification that allows traders to get started today. No more waiting several days for your KYC verification to be complete.