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CoinSmart Promo Code and Review 2021 ($20 Bonus)

This post may contain affiliate links. Please read my disclosure for more info.

CoinSmart is a digital currency exchange in Canada that offers 9 crypto coins in Canada and Europe.

The platform is accessible on all devices, and you can invest using CAD, USD, or Euros.

When you sign up for CoinSmart using our CoinSmart referral link (promo code is applied automatically), you get a $20 bonus.

This CoinSmart review covers how it works, trading fees, security, pros, cons, and referral program.

CoinSmart Referral Code and Referral Program

CoinSmart has one of the best crypto promotions available.

When you sign up here and deposit $100 in your new account, you earn a $20 bonus instantly.

Our exclusive CoinSmart referral code is automatically applied to your account, and you don’t need to enter promo codes manually.

As a member, you can also benefit from CoinSmart’s referral program and earn unlimited bonuses.

Here’s how the referral program works:

  1. Open an account and fund it with $100 or more
  2. Grab your referral link and share it with friends and family
  3. When they fund their account with $100, you both receive a $15 bonus. The bonus is credited to your account within 5 business days
Join CoinSmart ($20 bonus)

What is CoinSmart?

CoinSmart is a cryptocurrency exchange founded in 2018. It operates in Canada and Europe and caters to both beginners and experienced traders.

The platform is available via the web, and you can also use its iOS app.

Coins Offered by CoinSmart

CoinSmart supports 9 popular coins:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • EOS
  • Tether (USDT)
  • Stellar (XLM)
  • Cardano (ADA)

How Does CoinSmart Work?

To get started, open an account ($20 bonus).

CoinSmart offers instant verification for most users after they have verified your email, phone number, and other personal details.

If you are unable to be verified automatically, instructions are provided with requests for verification documents.

When your account is verified, you can fund it using Canadian dollars, Euros, and U.S. dollars.

Alternatively, you can deposit crypto from your external wallet and then proceed to buy the crypto you are interested in.

CoinSmart Fees

The fees on CoinSmart are competitive and straightforward. There is no fee to deposit fiat via bank wire and bank draft.

Deposit and withdrawal fees apply as follows:

Funding MethodDeposit LimitWithdrawal LimitFeesProcessing Time
Interac e-Transfer$100 minimum; $3,000 maximum0% on $2000+; 1.5% on $100 – $1,999Same day
Bank wire$10,000 minimum; $5 million maximum$10,000 minimum; $1 million maximum0% fee deposit; 1% ($15 minimum) withdrawalSame day (deposit); 1-5 days (withdrawal)
Bank draft$500 minimum; $5,000 maximum0% fee depositSame day
Credit/Debit Cards$100 minimum; $5,000 maximumUp to 6%Instant
Electronic Funds Transfer$50 minimum; $15,000 maximum1% ($15 minimum)1-5 days

In Europe, SEPA deposits and withdrawals are also available.

For crypto withdrawals, these fees apply:

CryptoFee
Bitcoin0.00025
Ethereum0.005
Litecoin0.001
XRP0.002
Tether15
Bitcoin Cash0.0001
EOS0.0005
Stellar0.00003
Cardano0.30

How about trading fees?

CoinSmart charges 0.20% for CAD – crypto trades.

Double trades between coins that do not include Bitcoin cost 0.30%.

Join CoinSmart ($20 bonus)

Is CoinSmart Safe and Legit?

Yes, CoinSmart is legit. It offers the following features and guarantees:

Smart Guarantee: All deposits are credited to your account on the day it is received and accounts are verified in one day.

Smart Support: It offers 24/7 support via email and live chat.

Smart Security: The platform uses two-factor authentication (2FA) to secure your account. It also keeps a majority of coins offline in cold storage.

CoinSmart is registered as a Money Service Business (MSB) with FINTRAC.

You can increase the safety of your digital assets by moving them offline to a cold storage wallet like Ledger Nano X or Trezor.

Pros of CoinSmart

The key benefits of this platform include:

  • Competitive trading fees
  • User-friendly platform for beginners
  • Advanced trading tools for professionals and OTC desk
  • Supports CAD, USD, and Euros
  • Cold storage protection
  • 24/7 customer support
  • Multiple funding options
  • Instant verification and same day deposits

Cons of CoinSmart

  • Fiat withdrawals take up to 5 days to process
  • Limited crypto coin selection

CoinSmart Review

This CoinSmart review compares it to its top competitors: NDAX and Bitbuy.

CoinSmart vs. NDAX

NDAX was founded in 2018 and is a cryptocurrency exchange platform based in Canada.

It supports 16 coins including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Cardano, and others.

Trading fees on NDAX are low at a maximum of 0.20% and it waives the fees on deposits.

When you open an account and deposit $100 or more, you get a $10 bonus.

Learn more in this NDAX review.

CoinSmart vs. Bitbuy

Bitbuy was one of the first crypto trading platforms in Canada. It is accessible on all devices including desktop and smartphone devices.

The Bitbuy platform supports 9 coins including BTC, LTC, ETH, XRP, XLM, EOS, LINK, and AAVE.

Its trading fee is between 0.1% to 0.20%, and you pay up to 1.50% on fiat withdrawals.

Get a $20 bonus when you open an account and make an initial deposit of $250.

Learn more in the Bitbuy review.

CoinSmart Referral FAQs

What is my CoinSmart promo code?

When you sign up using our valid CoinSmart referral link, a $20 sign-up promo code is applied to your new account.

Is CoinSmart a safe exchange?

CoinSmart is FINTRAC registered and it uses standard industry safety protocols including 2FA, encryption, and cold storage.

Can I buy Dogecoin on CoinSmart?

No, CoinSmart does not offer Dogecoin at this time. You can use NDAX to purchase Dogecoin in Canada.

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Enoch Omololu

Enoch Omololu is a personal finance expert who has a passion for helping others win with their finances. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and has been writing about money management for over a decade. Enoch has been featured in several leading personal finance publications including MSN Money, The Globe and Mail, Wealthsimple, and the Financial Post.

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