Coinsquare Review 2026
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1Overview
Canada's first CIRO-registered crypto-native dealer, offering a highly regulated platform with CIPF protection.
Pros
- Coinsquare is Canada's first crypto-native broker-dealer registered with CIRO and operating as an Alternative Trading System (ATS).
- Unlike MSB-only platforms, your fiat and crypto assets are protected up to $1M per account through the Canadian Investor Protection Fund (CIPF) in case of insolvency.
- Interac e-Transfer deposits and withdrawals are completely free and process instantly.
Cons
- Around 50+ supported assets, which is sufficient for most but lacking for traders who want access to micro-cap tokens.
- To maintain its strict CIRO compliance, Coinsquare does not offer margin trading or futures.
Final Verdict
Coinsquare is Canada's compliance king. It is perfect for Canadians who prioritize regulation, CIPF insurance, and CAD convenience over altcoin variety and leverage. If you want the peace of mind of a CIRO broker-dealer with free instant funding, Coinsquare is a top-tier choice.
2Key Features
Supported Cryptocurrencies
Coinsquare supports over 50 cryptocurrencies for trading.
Payment Methods
- Interac e-Transfer
- Wire Transfer
User Interface & Experience
The platform offers a user-friendly interface designed to make cryptocurrency trading accessible.
Unique Features
Mobile App
Mobile app available for iOS and Android with core trading functionality.
Step-by-Step Guide: How to Use Coinsquare
- Visit Coinsquare.com and click 'Sign Up'
- Enter your email and Canadian phone number
- Verify your identity using the automated AI system (takes 5-15 mins)
- Navigate to 'Deposit CAD' and select Interac e-Transfer
- Send funds to the unique email address provided (starts at $1K pre-KYC, $10K post-KYC)
- Use the QuickTrade feature or Pro interface to buy Bitcoin
- Assets settle instantly into your highly-insured account
3Security
Regulated Centralized Exchange
Security Features
As a centralized exchange, Coinsquare maintains custody of user funds during trading. This means they implement various security measures to protect your assets.
Security Best Practice
Even with strong exchange security measures, it's recommended to use hardware wallets for long-term storage of significant crypto holdings.
4Fees & Limits
Trading Fee Structure
Spot Trading
Deposit Methods & Fees
Withdrawal Fees
Fees are subject to change. Always check the official Coinsquare website for the most current fee structure.
5User Testimonials
- Mike T.
- Sarah L.
- Dev A.
6Frequently Asked Questions
Quick Facts
Exchange Type
Centralized
Founded
2014
Headquarters
Toronto, Canada
Available in
Canada
User Base
500,000+
Currencies Supported
50+
Trading Fees
0.1% / 0.2%
Payment Methods
Interac e-Transfer, Wire Transfer
Best For
Highest regulatory status
Our Rating
out of 5 stars