Coinsquare is a popular cryptocurrency exchange in Canada founded in 2014, offering trading in Bitcoin, Ethereum, and several other coins such as Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Dogecoin (DOGE), Stellar Lumens (XLM), DASH, Bitcoin SV (BSV) and Ethereum Classic (ETC). Its headquarters is based in Toronto.

The platform offers more than just trading opportunities for everyday folks. It also has an Over The Counter (OTC) desk for large volume cryptocurrency trades ($25,000+) and dedicated account management via Coinsquare Wealth.

Pros and Cons of Coinsquare

Pros:

• Has a good selection of coins including forks like Bitcoin SV and Ethereum Classic.
• Quick verification for new accounts.
• Industry average processing times for deposits.
• User-friendly platforms for both newbies and pros.
• Referral program.

Cons:

• Accommodates only CAD fiat deposits.
• Support is available from 9am-5pm EST Monday to Sunday (not 24/7).
• Was penalized by regulatory authorities for fraudulent activity in 2020.
• Not a member of IIROC or CIPF.

Coinsquare is a registered Money Service Business in Canada and it is required to comply with the regulatory framework put in place by FINTRAC (Financial Transactions and Reports and Analysis Centre of Canada).

Coinsquare has a referral program that pays you up to 45% commission on their fees. Your referral (friend) receives $10 in BTC when they fund their account with at least $100.

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Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.