Key features and benefits

CoinSmart is a cryptocurrency exchange and payment gateway designed to provide businesses and individuals with an easy-to-use platform for buying, selling, and accepting digital currencies. Established in 2018, CoinSmart has become one of Canada's leading cryptocurrency platforms, offering a user-friendly experience for both beginners and experienced traders. The platform provides businesses with the tools to seamlessly accept crypto payments, making it a valuable solution for those looking to expand into the crypto ecosystem.

  • Supported Cryptocurrencies: CoinSmart supports a variety of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and stablecoins like USDT and DAI. This wide selection allows businesses to cater to customers who prefer different digital assets, whether for payments or trading.

  • Payment Methods: CoinSmart offers several payment methods, including direct crypto wallet payments, bank transfers, and credit card purchases. Businesses can easily integrate CoinSmart’s payment gateway into their websites using APIs, and the platform also provides a point-of-sale (POS) system for in-person payments.

  • Transaction Speed & Fees: CoinSmart boasts quick transaction processing times, with crypto-to-fiat conversions completed within minutes. The platform charges a flat fee of 1% for crypto-to-crypto and crypto-to-fiat transactions, which includes both processing and conversion costs. Payouts are typically processed within 24-48 hours, allowing businesses to access their funds quickly.

  • Security & Compliance: CoinSmart is committed to high levels of security, utilizing two-factor authentication (2FA), cold storage for digital assets, and regular security audits. The platform is fully compliant with Canadian regulatory requirements and follows strict anti-money laundering (AML) and know-your-customer (KYC) protocols, providing businesses with a secure and regulated environment for crypto transactions.

  • Merchant Tools: CoinSmart offers a user-friendly merchant dashboard that enables businesses to manage payments, track transactions, and generate detailed reports. The platform also provides real-time analytics and custom invoicing features, making it easy for businesses to keep track of their crypto revenue and customer payments.

Pricing & Fees

  • Transaction Fees: CoinSmart charges a flat fee of 1% per transaction for crypto-to-crypto and crypto-to-fiat conversions. Fees may vary slightly depending on the transaction size and cryptocurrency used.

  • Payout Fees: For fiat withdrawals, CoinSmart charges a fixed fee of $5 for domestic bank transfers and a higher fee for international wire transfers, depending on the destination country.

User Experience & Integration

CoinSmart is designed with simplicity in mind, offering a clean and intuitive interface for both businesses and individual users. The platform’s API is easy to integrate, and CoinSmart offers support for integrating with popular e-commerce platforms like Shopify and WooCommerce. For businesses operating in brick-and-mortar stores, CoinSmart provides a secure POS system that allows customers to pay with crypto seamlessly.

  • Flat 1% transaction fee for crypto-to-crypto and crypto-to-fiat conversions.

  • Easy-to-use merchant dashboard and real-time analytics.

  • Provides a free point-of-sale app and WooCommerce plugin.

Learn everything you need to know about accepting cryptocurrencies and stablecoins for your business!

Conclusion

CoinSmart offers a solid and secure platform for businesses looking to enter the cryptocurrency space. With its straightforward fee structure, robust security, and easy-to-use merchant tools, it is an excellent option for businesses that want to start accepting crypto payments. However, businesses should consider the 1% transaction fee and evaluate whether it aligns with their transaction volume. Overall, CoinSmart is a reliable and compliant solution for businesses looking to accept cryptocurrency payments and expand their customer base.

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Other providers featured include Confirmo, Finrax, NOWPayments, BitPay, CoinsPaid, CryptoProcessing, CoinGate, CoinPayments, Triple-A, CryptoPay, SmartyPay, ForumPay, Unlimit, Whiteflo, CoryTech, Stitch, Archway, Coinify, BVNK, Bitpace, CityPay, PassimPay, Orbital, Bitso, CoinSmart, and Coinbase Commerce.

Disclaimer
While we strive to provide accurate and up-to-date information, we cannot guarantee the completeness or accuracy of the details presented. Regulations, fees, and service offerings may change over time. We encourage readers to verify all information directly with Confirmo before making any decisions. If you identify any discrepancies or misleading details, please inform us so we can review and update the content accordingly. We are not responsible for any decisions made based on the information provided in this review.