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coinsquare review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Coinsquare suits Canadian residents who want a regulated spot exchange with staking and a published proof of reserves. It lists 60 coins, holds balances for you rather than handing over keys, and has traded since 2014, which makes it a straightforward home for long-term holders.

Key facts

Best for
Regulated Canadian spot trading with staking, proof of reserves and bank deposits.
Taker fee
0.5%↗
Coins listed
60↗
Regulators
Canadian Investment Regulatory Organization (CIRO), Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)↗
Fiat deposit methods
Bank↗
Maker fee
0.5%↗
Proof of reserves
Yes↗
Withdrawal fee
Dynamic per coin (free for XRP, LTC, BCH, NEAR, AVAX, ATOM, HBAR, ALGO, BNB, HYPE)↗
Derivatives
No↗
Exchange type
Cex↗
Legal entity
Coinsquare Capital Markets Ltd. (CCML)↗
Headquarters
Canada↗
Founded
2014↗
Support channels
Chat, Help-centre, Community↗
Features
Custodial, Staking
Official website
coinsquare.com

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaLinkedInXreddit.com

Pros and cons

Pros

  • Registered with Canadian Investment Regulatory Organization (CIRO) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), so the exchange sits inside a regulated framework.
  • Proof of reserves is published, so customer balances can be checked.
  • Staking is listed under custodial and staking, so coins can earn while they sit on the account.
  • A long track record, trading as Coinsquare Capital Markets Ltd. (CCML) since 2014.

Cons

  • Derivatives are not offered, so hedging and perpetual trading have to happen elsewhere.
  • Support runs on chat, help centre and community only, with no phone line listed.
  • Fiat deposits run through bank transfers, so no card route is listed.
coinsquare

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Scored 8.8 / 10 by SumCue.

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Who it suits

  • Canadian residents who want a registered exchange, with Canadian Investment Regulatory Organization (CIRO) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) naming both oversight bodies.
  • Holders who want staking without a self-custody wallet, since custodial and staking lists staking alongside custodial.
  • Long-term holders rather than active traders, because spot fees sit above the 0.2% site median.

Who should look elsewhere

  • Fee-sensitive traders, since bunq's taker fee runs 0.25% to 1.99% against 0.5% for spot trades here.
  • Savers weighing an earn product rather than spot trading: Vivid Plus prices its crypto offer at 2.25%.
  • Traders chasing derivatives: they are not offered on this spot venue, so eToro is the alternative listed at 1%.

Safety of your money

Coinsquare is registered with Canadian Investment Regulatory Organization (CIRO) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), so it operates inside Canada's regulated framework. Proof of reserves is published, which lets customers check the coins held for them instead of taking the balance on trust. Read the proof as a snapshot rather than a guarantee, and weigh it against the fact that the exchange holds customer balances for you.

How coinsquare compares

Where coinsquare is available

Available
Canada
Licence in Canada
Canadian Investment Regulatory Organization (CIRO), checked September 26, 2026
Licence in Canada
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Coinsquare charge to trade?+

Spot trading costs a taker fee of 0.5% and a maker fee of 0.5%. Because the maker and taker rates are level, there is no reward for placing orders that sit on the book. For comparison, bunq's taker fee runs 0.25% to 1.99%.

Is Coinsquare regulated?+

Yes. Coinsquare is registered with Canadian Investment Regulatory Organization (CIRO) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It was founded in 2014 and is headquartered in Canada, trading as Coinsquare Capital Markets Ltd. (CCML). Registration means the exchange answers to Canadian authorities rather than sitting outside oversight.

Does Coinsquare publish proof of reserves?+

Yes. Proof of reserves is published, and the account is custodial, one of the listed custodial and staking. That lets customers check the coins the platform holds rather than taking a stated balance on trust, though the figures are a snapshot rather than a promise.

How do I deposit money?+

Deposits run through bank transfers, so funding comes from a bank account. Card funding is not among the listed methods, so anyone who prefers to pay by card should check the deposit options first.

How many coins can I trade?+

Coinsquare lists 60 coins, below the 77.5 median for crypto exchanges on the site, and ranks 96 of 176 on coin count. Long-tail token traders will find a narrower menu here.

Can I trade derivatives on Coinsquare?+

No. Derivatives are not offered, and the exchange type is cex. Spot markets are what you get, with no futures or perpetuals to hedge with, so traders who need those instruments need another venue.

How do I get help?+

Support runs on chat, help centre and community. There is no phone line listed, so a stuck withdrawal or a locked account is handled in writing. Anyone who needs to talk to a person should plan for that.

Can I earn a return on my coins?+

Staking appears in the listed custodial and staking, so coins can earn while they sit on the account. The same entry describes the account as custodial, so the exchange holds the staked coins. That suits holders who want a passive return without running a self-custody wallet.

Sources

  • defillama.com/cex/coinsquare checked September 26, 2026

    Backs: Proof of reserves

    “slug=coinsquare; category=CEX; tvl=3775083.599147369”

  • coinsquare.com checked September 26, 2026

    Backs: Coins listed

    “We offer 60+ cryptocurrencies and over 3,000 trading pairs”

  • coinsquare.com/en-ca checked September 26, 2026

    Backs: Derivatives

  • coinsquare.com/en-ca/about checked September 26, 2026

    Backs: Exchange type, Founded, Legal entity

    “CCML is a subsidiary of Coinsquare Ltd. and operates our fully-regulated digital asset trading platform”

  • coinsquare.com/en-ca/contact checked September 26, 2026

    Backs: Headquarters

    “Coinsquare: 371 Front Street W, Suite #304 Toronto, ON M5V3S8”

  • coinsquare.com/en-ca/fees checked September 26, 2026

    Backs: Maker fee, Taker fee, Withdrawal fee

    “Coinsquare Pro Trading Fees | Pricing tier Pro Trade | Taker fees 0.50% | Maker fees 0.50%”

  • coinsquare.com/en-ca/regulation checked September 26, 2026

    Backs: Features, Regulators, Licences

    “All client assets are held in trust with external, licensed custodians (BitGo Trust Company and Coinbase Custody)”

  • coinsquare.com/en-ca/trade checked September 26, 2026

    Backs: Fiat deposit methods, Support channels

    “No-fee deposits. Fund your account quickly and for free when depositing with Interac e-Transfer, bank wire transfers, and crypto deposits.”

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

coinsquare

coinsquare

Regulated Canadian spot trading with staking, proof of reserves and bank deposits.

8.8/10See alternatives