Review on Coinsquare by Olugbenga Ajayi
This exchange manipulate market data.
Coinsquare exchange is an exchange that is based in Canada. It support only Canadian dollars which is available to trade with crypto assets like Bitcoin, Bitcoin cash, dash and dogecoin. The exchange came up since 2015.
The platform provides two methods of trading. Beginners will find the use of quick trading option attractive whereas the spot trading will appeal more to advanced traders.
The exchange charges attractive and competitive fee on both makers and takers and the withdrawal fee of 0.0025 BTC is fair compared to the last industrial standard of 0.0005 BTC.
One good spot about the exchange is its security. It stores more than 95% of users assets in cold storage. It also make use of 2FA, SSL encryption and lots more. I believe this answers for why the exchange has never been hacked.
However there are of complain about them regarding market manipulation which they actually admitted.
Pros
- It uses a simple, intuitive and user friendly platform
- Store 95% of assets in Cold storage
- It uses multiple deposit methods
- It uses 2FA, SSL encryption for security
- It supports mobile trading
- Makers can get discount
- It is a multiple crypto exchange
- It supports flat currency
- The trading fee and withdrawal fee are attractive
Cons
- Only Canadian dollars in supported which means that the exchange is more for Canadian market
- There are lots of complaint about wash trading and marker manipulation on the exchange
