A detailed look at CoinSmart — fees, SmartTrade routing, coin selection, and whether it belongs in your Canadian crypto stack.
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Get KOHO Free — Code 45ET55JSYA| Feature | Details |
|---|---|
| Founded | 2018 — Toronto, Ontario |
| FINTRAC Registered | Yes (MSB) |
| Coins Available | 30+ cryptocurrencies |
| Trading Fee | ~0.3–0.5% spread; varies by coin |
| Deposit Methods | Interac e-Transfer, bank wire, credit card |
| SmartTrade | Multi-hop trading through BTC or ETH pairs |
| Mobile App | iOS and Android |
| Publicly Listed | Yes — TSX Venture Exchange (SMRT) |
CoinSmart's signature feature is SmartTrade, which allows you to trade any supported cryptocurrency directly for any other — without needing to manually route through BTC or ETH first. Under the hood, CoinSmart handles the intermediate steps, but you see a clean direct quote. This is particularly useful for trading altcoins that don't have direct CAD pairs.
While convenient, SmartTrade involves multiple spreads — the cost of each intermediate hop — so it may be slightly more expensive than doing the trades yourself on a platform with more pairs. For complex trades, compare the effective cost before committing.
CoinSmart uses a spread-based fee model. Spreads vary by asset but are generally competitive for a Canadian platform. The exchange has periodically offered 0% fee promotions on Bitcoin. Credit card deposits carry a higher fee (~5%) compared to Interac e-Transfer (free). CAD withdrawals to bank accounts are free.
For active traders, CoinSmart's fees are mid-range — lower than Shakepay for casual purchases but not as low as Bitbuy Pro for high-volume trading.
CoinSmart Financial Inc. trades on the TSX Venture Exchange under the ticker SMRT. This means the company must meet Canadian securities disclosure requirements — a level of financial transparency not required of private exchanges. Quarterly and annual financial reporting is publicly available. For users who value corporate accountability, this is a notable differentiator.