The Canadian exchange is surprisingly solid.

Upon first entering the world of crypto trading, I was drawn to the easiest on-ramp to buying Bitcoin at the time: Coinbase.

At one point in time, Coinbase functioned as a good option for Canadians as it provided the ability to buy and sell Bitcoin, Ethereum, and Litecoin and trade back and forth into USD fiat. Sure, there were some additional fees and the annoyance of paying in USD instead of CAD, but it all worked for the most part. From there, one could simply move the purchased crypto to another wallet or perhaps to a larger exchange for trading other currencies.

Some time ago, Coinbase lost the ability to pay out into fiat for Canadian clients. More recently, Canadian banks have been shutting down the ability to use credit cards to purchase crypto. Coinbase, being one of the more popular exchanges in Canada despite the inability to cash out, still offers the ability to use debit cards. Problem being, most current debit cards in Canada are co-badged, meaning, the card is identified as a VISA / Mastercard network card, and thus does not work as a debit card on Coinbase.

It is possible to get a dedicated Interac-only debit card by requesting it from your bank (the Interac-only debit card has 13 digits instead of 16), but you're still stuck not being able to sell your hard-earned crypto gains into your bank for fiat cash. This is where Coinsquare becomes an excellent solution.

Coinsquare is based in Toronto, Canada and offers the ability to use debit, credit, e-transfers, and a number of other payment methods along with the ability to withdraw funds to a Canadian bank. The site does require KYC / AML verification and procedures, but once past this step, you will be ready to trade with much more ease than the more costly and limited Coinbase exchange.

I was pleasantly surprised with the site, which is functional on desktop and as a mobile app, and offers 2FA and cold-storage protection. It utilises an easy-trade mechanism that is similar to the Coinbase interface, but also offers a more advanced trading interface with market and limit orders, more akin to the GDAX exchange that operates in the background of the Coinbase storefront. In terms of available currencies, it offers a broader range than Coinbase, including the additional currencies Dash and DogeCoin. It even offers the ability to trade in precious metals: gold and silver.

If you are Canadian, check out Coinsquare for a solid crypto exchange without the hassles of USD conversion fees and banking issues. You can sign up at this link.

*This is not professional trading advice - it's just my opinion!

If you're interested in trading a broader range of cryptocurrencies, check out Binance by using this link and sign up today!

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https://www.forexbrokerz.com/brokers/coinsquare-review