Coinsquare Fees

Monday 29 November 2021

Quick Trade has higher fees. When you are using the Bit Markets section of the Coinsquare platform the fees are 01 on the maker side and 02 on the taker side.

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How To Withdraw via Direct Bank Deposit.

Coinsquare fees. When using Quick Trade you pay 020 for trades using BTC single trades and 040. Being a Maker means you place an open order to see whether the price hits your order. Coinsquare Wealth With an order of 25000 or more youre automatically enrolled in Coinsquare Wealth with access to even lower fees and priority support via live chat or phone.

Maker fees are 01 percent while Taker fees are 02 percent. The downside is fiat withdrawals which can range from 1 to 2 to get your money off the platform. Trades involving bitcoin come with a 02 fee while trades between different altcoins lead to a 04 fee.

If you want to use Quick Trade to buy 100 CAD worth of Bitcoin BTC Coinsquare will charge a fee of 02. For spot trading or advanced trade the platform charges you 01 in case of a Maker fee whereas it charges 02 for the Taker fee. The fees for Coinsquare trading vary depending on whether you are a Maker or Taker.

For Advanced Trades also called Bit Markets you pay 010 for a maker order providing liquidity and 020 on a taker order removing liquidity. Funds Withdrawal Fee Full NA. Coinsquares trading fees for takers are 020.

Fees are even low for Quick Trade transactions in which the user is buying coins directly from Coinsquare. 2 For Interac e-Transfer your financial institution may also apply a fee typically 100 3 Days correspond to regular business days NEW accounts are subject to longer withholding periods on fundings. Coinsquare is cheaper overall with a 072 purchase fee versus 143 on Shakepay.

However Coinsquare has had some trouble in 2020. How To Withdraw via Wire Transfer. For trades involving purchase or sell assets other than Bitcoin BTC the fee is 04.

You wont pay any fees to deposit money via Interac e-Transfer with Quick Trade. Options Per Contract Fee NA. Quick Trade by Coinsquare advertises that all of its currencies can be traded with no commissions and there are no trading fees listed on the website.

Coinsquare Trading Fees. The QuickTrade feature and the BitMarket feature with varying fees for both fiat and cryptocurrencies. QuickTrade fees are 02 for a single conversion rate and 04 for a double conversion rate.

In short Coinsquare is a safe and beginner-friendly Canadian cryptocurrency exchange that offers trading in several crypto coins. When you swap Bitcoin for some other coin then you will be charged the single rate fee of 02. They also offer two order-type features.

You can read more about Coinsquare fees in our extended guide. For trades that involve buying or selling Bitcoin BTC the fee is 02. How To Withdraw CAD to Your Bank Account.

The exchange also offers a discount on the above trading fees for makers ie providers of liquidity the party in a trade that doesnt take the offer that is already on the order book. You pay 020 when using Bitcoin single trades and 040 for other cryptocurrencies double trades. 4 By appointment only open a ticket to inquire.

Coinsquares fees are both transparent and competitive. Quick Trade by Coinsquare fees and limits. However if you trading one altcoin for another altcoin no Bitcoin at all then you will pay a double fee of 04.

Funds Withdrawal Fee Partial NA. If you want to use their easy to use instant buy feature it is slightly more expensive and costs 02 per trade. The all-in fee was 072.

5 Account must have significant trading history open a ticket to inquire about the instructions. Fees and Charges As Coinsquare users can trade their cryptocurrencies in two ways Quick Trade and Advanced Trade the pricing structure for trading through these methods also differs. Coinsquare was 4th place out of 14 exchanges in terms of buying Bitcoin cheaply.

For example you are a Maker if the price of Bitcoin in CAD is 40000 but you set a bid to buy at 39000. In this way your counterparty to the trade is Coinsquare and you will pay a flat fee for the trade. Options Base Fee NA.

The industry average is arguably around 025. The trading fees vary depending on whether you are using Quick Trade instant trades or Bit Markets advanced platform with multiple order types. This fee is also slightly below the industry average.

If you fund your account with Canadian dollars the minimum deposit is 20 CAD and there is no fee if you use an Interac e-transfer. With an order of 25000 or more youre automatically enrolled in Coinsquare Wealth with access to even lower fees and priority support via live chat or phone. Quick Trade by Coinsquare doesnt charge commissions when you use its app.

Coinsquare also charges some fees around deposits into your account that are important to know about. Converting Digital Currency to Canadian Dollars to Withdraw. Coinsquares trading fees are the lowest in Canada at 01 per trade on their order book trading platform.

This fee structure is clear and concise in comparison to other crypto exchanges like Coinfield and Coinbase. 10 rows To remain competitive we keep our fees at a flat rate regardless of the withdrawal size. The trading fees you pay depend on the platform you choose.

Coinsquare Fees Limits While making this Coinsquare review we notice that in terms of trading costs Coinsquare has implemented the MakerTaker price structure for spot trading. Fees Brokerage Fee. Coinsquare charges a maker fee of 01 and a taker fee of 02.

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