Canadian Cryptocurrency Exchange CoinSmart Kicks Off Vying for Wide Customer Base
Cryptovest
Published Jul 19, 2018 08:32AM ET
Canadian Cryptocurrency Exchange CoinSmart Kicks Off Vying for Wide Customer Base
CoinSmart, a new Canadian virtual currency exchange, was launched on Wednesday, pledging to make cryptocurrency accessible to local investors with all levels of crypto experience.
h2 Tax-reporting tool/h2According to the company’s website, the platform offers an easy-to-use interface, educational resources and 24/7 live customer support. CoinSmart also features a tax-reporting tool to “account for both currency-to-coin and coin-to-coin transactions” and help “determine their taxable income and capital gains.”
The tool provides a solution to drive tax compliance at times of widespread confusion regarding tax payment regulations among the crypto-community. Tax authorities around the world have also been trying to prevent tax evasion practices by cryptocurrency holders.
h2 No need of BTC or ETH pairing/h2Another service by CoinSmart, which distinguishes the platform from the majority of rivals, is that it is offering trading in any cryptocurrency directly with the Canadian Dollar, mitigating the need for a BTC or ETH pairing.
The platform currently supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR) and EOS (EOS), with more altcoin additions planned for the future. Customers can fund their accounts using fiat, Electronic Money Transfer (EMT) and Electronic Funds Transfer (EFT) with plans to introduce Flexepin, credit card, and gift card funding options.
CoinSmart CEO Justin Hartzman emphasized the need for an accessible Canadian crypto exchange by saying:
“As a long-standing cryptocurrency investor, I have experienced first-hand how Canadians are under-served by existing exchanges. 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.”
The announcement of CoinSmart’s launch follows a recent This article appeared first on Cryptovest 
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