coinsquare review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Coinsquare is a Canadian custodial exchange built for spot buying and holding, with bank deposits and a regulated set up. It suits readers who want a Canadian operator and staking. Costs are the weak point: taker fees are 0.5% against a site median of 0.2%.
Key facts
- Best for
- Canadian adults who want a regulated custodial exchange with staking
- 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
- Regulated in Canada by Canadian Investment Regulatory Organization (CIRO) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Staking is available alongside custodial custody
- Bank transfers are the deposit route, listed at bank
- Proof of reserves is published, a practice shared by 84.1% of ranked exchanges
Cons
- Taker fees of 0.5% sit above the site median of 0.2%
- No derivatives, so no futures or perpetuals trading
- Support runs on chat, help centre and community only
Who it suits
- Canadian residents who want a locally regulated venue
- Long term holders who want staking on a custodial account
Who should look elsewhere
- Active traders who want low taker fees, where bunq charges 0.25% to 1.99%
- Day traders who need derivatives, since Coinsquare has none
- Readers chasing a huge coin list, since Bitpanda lists from 650
Trading and withdrawal fees
Coinsquare charges a taker fee of 0.5% and a maker fee of 0.5%, the same figure on both sides of a trade. Set against the site median of 0.2%, that is a higher rate than the typical listing here, and the brand ranks 84 of 118 brands on taker fee. Withdrawal fees are dynamic per coin, and several networks are free, including XRP, LTC, BCH, NEAR, AVAX, ATOM, HBAR, ALGO, BNB and HYPE.
How coinsquare compares
8.8 vs 9.5- 8.8 vs 9.3
8.8 vs 9.2
8.8 vs 9.7A taker fee of 0% suits readers focused purely on trading cost.
8.8 vs 9.4
8.8 vs 9.6
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 8.9
8.8 vs 9.0
8.8 vs 8.2
8.8 vs 8.2
8.8 vs 9.7
8.8 vs 9.4
8.8 vs 9.3
8.8 vs 9.2
8.8 vs 9.2
8.8 vs 9.1
8.8 vs 9.0
8.8 vs 8.7
8.8 vs 8.6
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 are Coinsquare's trading fees?+
Coinsquare charges a taker fee of 0.5% and a maker fee of 0.5%. That is above the site median of 0.2%, so costs weigh on frequent trades. The brand ranks 84 of 118 brands compared on taker fee.
How much does it cost to withdraw?+
Withdrawal fees are dynamic and depend on the coin. A long list of networks is free, covering XRP, LTC, BCH, NEAR, AVAX, ATOM, HBAR, ALGO, BNB and HYPE. Other assets carry a network based charge, so the coin you hold decides the cost of getting it out.
Who regulates Coinsquare?+
Coinsquare is regulated in Canada by Canadian Investment Regulatory Organization (CIRO) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It operates as a custodial exchange, meaning the platform holds assets on your behalf rather than in a wallet you control. It was founded in 2014 and is headquartered in Canada.
How do I fund my Coinsquare account?+
The listed deposit method is bank, so bank transfer is the route for adding money. Card and other options do not appear for this brand. Bank transfer is also the most common method among ranked exchanges at 91.8%.
Does Coinsquare publish proof of reserves?+
Yes, proof of reserves is published for Coinsquare. That puts it with the 84.1% of ranked exchanges that report reserves, a smaller share than those that do not. It is worth weighing alongside the custodial setup.
Can I earn yield on Coinsquare?+
Staking is listed among the platform features, so supported coins can be staked from the account. Staking is offered by 37.7% of ranked exchanges, making it common rather than distinctive. Staking rewards are variable and set by the network.
Can I trade derivatives on Coinsquare?+
No, derivatives are not offered. That rules out futures, perpetuals and margin style products. If leverage matters to you, look at a venue that lists derivatives, which 55.9% of ranked exchanges do.
How many coins can I trade on Coinsquare?+
Coinsquare lists 60 coins, close to the buy crypto median of 60 and below the upper quartile of 305. The brand ranks 91 of 172 brands on coins listed, so breadth is the main gap.
What support can I reach on Coinsquare?+
Support runs on chat, help centre and community. Live chat and a help centre cover most questions, with a community space for everything else. Email and phone lines are not among the listed channels, which can matter for time sensitive account issues.
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
Canadian adults who want a regulated custodial exchange with staking