How to Buy Bitcoin on CoinSmart
If you have decided to buy Bitcoin, then congratulations. With Bitcoin prices low in December 2018, it makes sense to strike while the iron’s hot and get better bang for your buck. However, given the prevalence of Bitcoin exchanges, it can be challenging to find out the safest place to buy Bitcoins in Canada. After all, not all of them are. Once you check out CoinSmart, however, you will be blown away with the ease and security for your peace of mind. CoinSmart is a simple platform that’s ideal for experts and beginners.
Check out the website to take full advantage of the offerings, but follow these steps below to learn how to buy Bitcoins in Canada on this safe and secure Bitcoin exchange.
How to Sign Up with CoinSmart Bitcoin Exchange
If you believe you’ve found the best Bitcoin exchange to buy Bitcoins in Canada, then it’s time to sign up. You will be pleased to know the registering process with CoinSmart is not only straightforward but takes no time at all.
The first step is to provide your full name, date of birth, and your phone number. Because CoinSmart is a Bitcoin exchange with bank-style security, you will also need to send in an image of a photo ID issued by the Canadian government. CoinSmart then aims to process the verification process of your account within one day but will waive your deposit fee if they fail to do so within this quick turn-around time. Once they verify your account, you can immediately begin trading with ease!
How to Make Deposits and Withdrawals on CoinSmart
One of the main goals of anyone looking for a new Bitcoin exchange is to find one that makes deposits and withdrawals straightforward. CoinSmart delivers. While it does not have a dedicated app, you will see both processes are effortless and even ideal for beginners.
You can deposit money using Interac, wire transfer, and with Flexepin, credit card, and email available soon. The withholding period for Interac is three days with a minimum $100 deposit, while the minimum deposit for wire transfer is $10,000 up to $250,000 with the same holding period.
CoinSmart also has low fees for withdrawals and deposits and has a small transaction fee for Bitcoin trades. You can also trade in Ethereum, Ripple, Bitcoin Cash, Monero, Dash, and Litecoin.
Everything you need on this Bitcoin exchange for trading Bitcoins in Canada is available on your CoinSmart dashboard. This fills you in on your total account value, your investments, and whether they are up or down. You can then check out your recent trading activity or opt for a “quick trade” to buy and sell Bitcoin and other cryptocurrency.
CoinSmart offers entry-level and expert platforms, quick verification, and SmartTrade for trading between Canadian Dollars and cryptocurrency. You can also take advantage of secure cold storage wallets and advanced trading options. If you prefer a Bitcoin exchange that makes buying Bitcoins in Canada easy, CoinSmart is it.