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Coinsmart Referral Code (Jul 2024): $50 Sign-Up Bonus

Updated:

Fact Checked

Coinsmart is one of the best cryptocurrency exchanges in Canada. It is now a part of Bitbuy (WonderFi).

When you open a new account using our Coinsmart referral code link (the link includes the referral code), you get a $50 bonus if your first deposit is at least $250.

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 make an initial deposit of at least $250 CAD in their account.

How Coinsmart Works

CoinSmart is now part of WonderFi and is not accepting new signups. For the best crypto experience in Canada, we recommend signing up for Bitbuy, a licensed Canadian cryptocurrency trading platform operated by the same parent company, WonderFi.

Bitbuy offers an improved experience on web and mobile, staking rewards, Private Wealth services, and an advanced trading interface. It supports around 40 crypto assets, and our readers get an exclusive $50 bonus when their first deposit is $250 or more.

Bitbuy Crypto Exchange

bitbuylogo

Get a $50 bonus if your initial deposit exceeds $250

Trade approx. 40 coins

Great for new & advanced traders

0% to 2% trading fee

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 (the promo code is included in the link above) 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 Fees

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
  • CoinSmart 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;

VirgoCX: Offers Bitcoin, Ethereum, and 80+ other coins. New clients who deposit at least $100 get a $20 cash bonus via our exclusive link.

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
  • Ease of use
  • Trading fee
  • Coin selection
  • Withdrawals and deposits
Overall
4.7

Summary

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.

Pros

  • $50 welcome bonus
  • Versatile platform with features for both beginners and advanced traders
  • Competitive trading fees
  • 24/7 live support
  • Excellent referral program
  • Supports multiple currencies and countries (CAD, USD, and Euro)
  • Available on all devices

Cons

  • Fiat withdrawals may take up to 5 days

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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