Summary: Coinsquare is a Toronto-based cryptocurrency exchange known for its robust security features and easy-to-navigate interface. Catering to both newcomers and seasoned traders, the platform allows for the trading of a variety of digital assets. Recognized for its high level of security, the platform operates under the oversight of Canadian financial regulators, including FINTRAC.

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What is Coinsquare?

Coinsquare is a Canadian cryptocurrency exchange that allows users to buy, sell, and trade a variety of digital assets. Established in 2014, the platform has gained a reputation for its robust security measures, user-friendly interface, and commitment to regulatory compliance. With features like cold storage for digital assets and two-factor authentication, Coinsquare aims to provide a secure and trustworthy environment for Canadian traders. 

Beyond basic trading, Coinsquare offers advanced trading options through its QuickTrade and Advanced Trade features, giving traders the flexibility to execute complex strategies. For those interested in diversifying their investment, the platform provides options for trading precious metals like gold and silver. It also has a mobile app that allows for trading on the go, ensuring that users can manage their assets anytime, anywhere.

Coinsquare Features

Coinsquare offers a comprehensive set of features aimed at simplifying and securing your cryptocurrency transactions, such as QuickTrade for instant trades and an OTC Desk tailored for high-volume trading. Here are some of the key features you'll find on Coinsquare:

  1. Diverse CAD Funding Options: The exchange offers multiple ways to fund your account in Canadian dollars, including wire transfers, Interac e-Transfers, and credit/debit cards. 
  2. Live Customer Support: It provides 24/7 customer assistance through various channels such as phone, live chat, and email. 
  3. Robust Security: With features like cold storage for digital assets, two-factor authentication, and SSL encryption, Coinsquare prioritizes the safety of your funds and data. 
  4. Advanced Trading: For those looking for more trading features, Coinsquare offers an Advanced Trade interface with tools like limit orders and real-time charting. 
  5. OTC Trading Desk: For traders dealing in large volumes, the OTC Desk offers personalized service and expedited transaction processing. 
  6. QuickTrade: This feature allows for immediate trades between different cryptocurrencies, making it easier for you to diversify your portfolio. 
  7. Regulatory Compliance: Coinsquare is fully compliant with Canadian laws and is registered with FINTRAC, ensuring a secure and regulated trading environment. 
  8. Broad Crypto Selection: The platform allows you to trade various cryptocurrencies, from Bitcoin and Ethereum to various altcoins and stablecoins. 
  9. Mobile Accessibility: The mobile app lets you trade cryptocurrencies on the move and is available for iOS and Android devices.
Coinsquare Quick Trade.
Coinsquare Quick Trade.

Is Coinsquare Regulated?

Coinsquare prioritizes the safety of its customers' funds and personal data. To ensure this, the platform has put in place multiple layers of security, including two-step verification, cold wallets, and SSL encryption. The platform also undergoes routine security assessments to maintain a fortified environment. Its system is 100% proprietary and has been stress-tested and DDoS tested. 

Moreover, Coinsquare is overseen by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The platform is recognized as a Money Services Business (MSB) in Canada and is subject to federal regulations, offering its users a secure and regulated environment for trading digital assets. They also use a security protocol for asset management, and 95% of the tokens they control are stored offline in cold storage.


It boasts some of the most competitive fees among Canadian cryptocurrency exchanges. The platform offers zero-fee deposits for all its supported payment options. When it comes to withdrawing Canadian dollars, a flat fee of 2% is applied, regardless of the payment method you choose.

In terms of trading fees, Coinsquare employs a tiered structure. High-volume traders who exceed a 90-day trading volume of $1 million can enjoy fees as low as 0.1%. On the other hand, if you're new to the platform or trade less than $100,000 within a 90-day window, you'll face a trading fee of 1.2%. 

Coinsquare: Fees.
Coinsquare: Fees.

Supported Cryptocurrencies

The exchange offers a curated selection of Canada's most actively traded and liquid digital assets. The platform supports over 40 cryptocurrencies, featuring industry giants like Bitcoin, Ethereum, and Ripple, as well as up-and-coming names like Cardano, Stellar, and Cosmos. This diverse range of digital currencies provides investors of all skill levels with various investment opportunities, all while operating on a secure and trustworthy exchange.

Mobile App

Coinsquare also extends its trading platform to mobile users through an app available for both iOS and Android devices. This mobile application mirrors the features and user interface found on the Coinsquare web platform. On the Apple App Store, it has garnered a 4.5-star rating from 5,000 reviews and holds a position within the top 150 apps in the Finance category. Meanwhile, on the Google Play Store, the app enjoys a 4.7-star rating based on 15,000 reviews.

Coinsquare Mobile App: iPhone Screenshot.
Coinsquare Mobile App: iPhone Screenshot.

Customer Support

Coinsquare provides a variety of avenues for customers to get in touch with their customer service team, which is accessible around the clock. The team is proficient in both English and French to cater to a diverse customer base. Here are the ways you can connect with Coinsquare's support:

  • Live Chat - A live chat feature is accessible from Coinsquare's homepage, allowing you to converse in real time with a customer service representative. 
  • Email - You can reach out to the Coinsquare support team by sending an email to
  • Phone Support - Coinsquare offers telephone assistance on (647) 878-1441, making it easy for you to speak directly with a support agent for immediate help. 
  • Online Request Form - An online form is available on their website, where you can submit your queries and even attach relevant documents. 
  • Knowledge Base - For those looking to self-serve, Coinsquare maintains an extensive library of articles, guides, and tutorials on their website, covering a range of topics in the cryptocurrency market. This is an excellent resource for finding answers to frequently asked questions.

By offering these multiple channels of communication, Coinsquare aims to make your experience as smooth as possible while ensuring you get the help you need.

What is Coinsquare Quick Trade?

Coinsquare offers two main trading applications for Canadian investors. The first is called Coinsquare Quick Trade, which is a retail-friendly iOS/Android mobile application that allows users to deposit up to $10,000 CAD to buy or sell any crypto listed on the platform.

The other is Coinsquare Advanced, which is a slightly more advanced user interface only available on web that provides deeper market data, order books, and more CAD deposits.

Final Thoughts

To summarize, Coinsquare is a Canadian exchange offering a secure, user-friendly, and comprehensive trading experience. With its robust security protocols, the platform prioritizes the safety of its users' assets and data. Regulatory compliance adds another layer of trust, as Coinsquare operates under the oversight of the FINTRAC. Whether you're a high-volume trader or someone new to crypto, it offers a reliable and regulated environment for your trading needs.