Coinsquare is a Canadian cryptocurrency exchange that was formed in 2014 to give cryptocurrency traders access to trade multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Digibyte, Ethereum Classic, Dash, Ripple, and Stellar, through the Coinsquare trading platform. The absence of a minimum trading amount makes their online cryptocurrency trading accessible to traders of all levels. In addition to leveraging on blockchain technology, they also offer transparent and competitive fees to clients.
Coinsquare Review Introduction
In this Coinsquare review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Coinsquare.
Coinsquare Platforms & Tools
Coinsquare has an in-house-developed trading platform, which is packed with robust charts and sophisticated features, so traders can review the entire digital currency market and trade accordingly. The Coinsquare platform is a web-based platform that can directly run on Chrome, Safari, Firefox, Edge, or any other modern web browser without the need to install any application. The platform offers two ways to trade the market: the fastest and easiest way is to make use of the ‘QuickTrade’ feature. With this feature you simply select the coin you want to buy and the amount you wish to spend. The second method of trading cryptocurrencies on the Coinsquare platform is through the spot market, which features various trading tools and charts that provide you with more information about the various cryptocurrencies.
There is also the Coinsquare mobile app, which enables traders to securely trade digital currencies. It has all the same features as the Coinsquare trading platforms. It is designed for Android and iOS devices and available for download from the respective app stores free of charge.
Trading tools like the Over-The-Counter Trading Desk, which helps to execute and settle trades with ease and transparency, are provided to ensure a seamless trading process.
Coinsquare Research & Education
The Exchange gives traders access to a selection of educational materials that are aimed at teaching them about trading and how the Exchange works while keeping them in the know about the latest events that affect the markets to improve their trading knowledge. One of them is the ‘Learn’ section, a well-defined News section that contains the latest information about the factors that move the markets. Another one is the FAQ section, which gives instant answers to the most common questions that traders may have.
Coinsquare Trading Accounts
Traders are offered the Coinsquare Live Trading Account for trading the various cryptocurrency assets.
Coinsquare Account Funding
There is a wide choice of deposit and withdrawal options available at Coinsquare, and they include:
- Bank wire transfer
- Direct bank deposit
- Interac e-Transfer
- Wealth wire
- Rushed Wire
Coinsquare Customer Service
Coinsquare provides traders with a knowledgeable client support team that can be contacted through social media, email, and support tickets.
Coinsquare states that clients’ funds are held in cold storage with SSL and Two-Factor Authentication enabled. However, they are not regulated by any financial authority at the moment. Cryptocurrency trading is generally not well regulated at the moment.
Coinsquare Review Summary
Coinsquare is an online cryptocurrency exchange that operates from Canada. They offer multiple crypto assets for online trading via their proprietary trading platform. The Exchange provides some trading tools, educational resources, and customer support to assist traders. However, there is no regulatory information on their website presently.
It is worth mentioning that some of the trading products and services in this Coinsquare review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Coinsquare broker website which you can visit by using the link below.
Trading in digital currencies and engaging in related leverage transactions entails significant financial loss. You should not commit funds to trading or leveraging digital currencies that you cannot afford to lose entirely. Market prices for digital currencies can be volatile and highly unpredictable.