Coinsmart has released a cryptocurrency trading platform dedicated to Canadian taxpayers.
Coinsmart is a Canadian startup aimed to “make cryptocurrency accessible to everyone” as described on the website. The company has recently released a new cryptocurrency exchange to meet the requirements of Canadian investors, including taxpayers.
“CoinSmart offers simple solutions, learning tools for all levels, and 24/7 client support. The user-friendly platform features enterprise-grade security, cold wallet storage, and easily-generated tax-time reports. ”
The new platform will focus on “Crypto Curious” market. Furthermore, the system will provide a “tax-time reporting tool” to show users the charged fees and the resulting profit. The report can be generated for both fiat-to-crypto and crypto-to-crypto transactions.
“As a long-standing cryptocurrency investor, I have experienced first-hand how Canadians are under-served by existing exchanges,” claimed CEO Justin Hartzman, adding that “Platforms are unnecessarily complex, lack personal touch, and do not provide the tools and service support that consumers deserve. We used these issues as our design motivation and trust that Coinsmart fixes all these concerns allowing any investor —first time or not— to truly feel comfortable and secure.”
Initially, the cryptocurrency exchange supports the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR), and EOS (EOS). New altcoins will be listed in the near future. To deposit fiat currency, users can utilize Canada’s Electronic Money Transfer (EMT) system as well as Electronic Funds Transfer (EFT).
Surprisingly, those interested are able to acquire crypto assets with CAD, eliminating the restrictions on Bitcoin or Ethereum. Moreover, users are able to trade between assets that are not in a pair with BTC or ETH.