Coinsquare Review 2020
Coinsquare is an established cryptocurrency exchange that allows cryptocurrency lovers to trade multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, Ripple, Ethereum Classic, and Stellar, via the Coinsquare proprietary trading platform. The exchange offers competitive, transparent fees, and there is no minimum trading amount, thus, making cryptocurrency trading online accessible to most traders.
Coinsquare Review 2020, Pros & Cons
- User-friendly proprietary trading platform
- A selection of educational resources & trading tools
- No MetaTrader platforms
- Cryptocurrency trading only
- No phone or online chat support
In this detailed Coinsquare review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Coinsquare is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Coinsquare.
Coinsquare Review: Summary
Based in Canada, Coinsquare is a cryptocurrency exchange that aims to create an open financial platform for the world by leveraging blockchain technology. They provide clients with their proprietary trading platform for trading multiple cryptocurrencies. Coinsquare states that clients’ funds are held in cold storage with SSL and Two-Factor Authentication enabled.
Coinsquare Review: Regulation
There is no regulatory information on the broker’s website at present. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Coinsquare Review: Countries
The Exchange allows traders from different parts of the world to open a trading account with them if their countries permit online trading with international cryptocurrency exchanges.
Some Coinsquare features and products mentioned within this Coinsquare review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Coinsquare Review: Trading Platforms
The Exchange provides traders with the Coinsquare trading platform. It has an intuitive dashboard that 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 offers traders 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 to download free of charge.
Coinsquare Review: Trading Tools
The Exchange provides traders with a range of useful trading tools, such as the Over-The-Counter Trading Desk, which helps to execute and settle trades with ease and transparency.
Coinsquare Review: Education
The Coinsquare website contains some educational materials to help improve the trading skills and knowledge of their clients. 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 Review: Trading Instruments
Coinsquare offers multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, Ripple, Ethereum Classic, and Stellar, via the Coinsquare proprietary trading.
Coinsquare Review: Trading Accounts & Fees
The Exchange offers its clients the Coinsquare Live Trading Account for online trading of various cryptocurrency assets.
As broker fees can vary and change, there may be additional fees that are not listed in this Coinsquare review. It is imperative to ensure that you check and understand all of the latest information before you open a Coinsquare broker account for online trading.
Coinsquare Review: Customer Service
Coinsquare has a dedicated customer support team that is available via social media, email, and support tickets.
Coinsquare Review: Deposit & Withdrawal
For deposits and withdrawals, the following methods are supported by Coinsquare:
- Bank wire transfer
- Direct bank deposit
- Interac e-Transfer
- Wealth wire
- Rushed Wire
Coinsquare Review: Account Opening
Traders who wish to open an account are required to click on the ‘Start Trading’ button and proceed to fill out the form accurately and submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Coinsquare Review: Conclusion
Coinsquare is an online cryptocurrency exchange that is based in Canada. They offer multiple crypto assets for online trading via the proprietary trading platform. The broker provides some useful trading tools, educational resources, and dedicated customer support. However, Coinsquare is unregulated which may be a red flag for some potential clients. You may wish to view our best crypto brokers for regulated alternatives.
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.