Coinsmart is one of the best cryptocurrency exchanges in Canada.
The platform supports a large selection of crypto coins including Bitcoin, Ethereum, Litecoin, XRP, Cardano, and several others.
When you open a new account using our exclusive Coinsmart referral code link (the link includes the referral code), you get a $50 bonus after depositing at least $200.
How Coinsmart Referral Code Works
Coinsmart has a referral program that pays you when you sign up using a valid CoinSmart referral link. You also get paid to refer new customers.
You can copy your referral code or referral link from your account dashboard and share it with others using social media.
You get $15 for each referral and they also receive a $15 bonus.
Occasionally, the company increases the referral bonus. For example, it recently offered a $30 bonus per referred friend (ours is currently a $50 bonus).
For the referral bonuses to apply, the new customer must deposit at least $200 CAD in their account.
How Coinsmart Works
Coinsmart was founded in 2018. You can use the platform to buy and sell BTC, ETH, LTC, BCH, EOS, XLM, ADA, USDT, AVAX, SOL, MATIC, and many more.
To get started, sign up here (promo code is included in the link) and provide the required KYC information.
Coinsmart will verify your identity using Equifax. You will also need to confirm your email address and phone number.
In some cases, the platform may not be able to verify your identity instantly, and you may need to upload:
- Clear copies of one government-issued ID (front and back)
- A selfie with some instructions you must follow
- A copy of a recent utility bill with your name and address
You can fund your Coinsmart account using various currencies including USD, CAD, GBP, and EUR.
Coinsmart also supports crypto deposits and credit card crypto purchases.
Coinsmart has competitive trading fees. You pay 0.20% in trading commissions.
When funding, it is free to deposit fiat using bank wire and bank draft. Interac e-Transfers are also free for deposits exceeding $2,000, otherwise, you pay a 1.50% fee.
Fiat withdrawals have a 1% fee ($15 minimum).
Pros of Coinsmart
- Offers one of the largest selections of crypto coins in Canada
- Versatile platform with features for both beginners and advanced traders
- Competitive trading fees
- 24/7 live support
- 95+% coins in cold storage
- Almost instant verification for new accounts
- Referral program
- Supports multiple currencies and countries
- Available on all devices
Cons of Coinsmart
- Fiat withdrawals may take up to 5 days
Is Coinsmart Legit?
Coinsmart is a legitimate company that has operated in Canada since 2018.
It is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB).
As per its website, the company stores 95% or more of its coins in cold wallets. It also uses 2FA to protect your account.
Cryptocurrency Trading Platform Bonuses in Canada
The following cryptocurrency trading apps and sites are also offering sign-up bonuses and promotions;
Wealthsimple Crypto: Offers Bitcoin, Ethereum, and several other coins. New clients get a $25 cash bonus via our exclusive link after depositing at least $150.
Bitbuy: Founded in 2016, Bitbuy supports several coins including BTC, XLM, BCH, ETH, EOS, XRP, and LTC. New clients receive a $20 bonus after making an initial deposit of $250 or more. Read the review.
Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.
Coinsmart referral code
Coinsmart is one of the top cryptocurrency exchanges in Canada. Our Coinsmart referral code or referral link gives you up to a $50 bonus when you sign up.