No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
A detailed look at CoinSmart — fees, SmartTrade routing, coin selection, and whether it belongs in your Canadian crypto stack.
KOHO is the smart choice for your CAD spending while you invest in crypto. No monthly fees, instant e-transfers, earn cash back on everyday purchases.
Get KOHO Free — Code BREMO2026| 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.