Coinsquare Referral Code (Dec 2022): $50 Bonus Inside

November 19, 2022
Blog

Coinsquare is a Canadian crypto exchange that allows you to trade Bitcoin, Ethereum, and a handful of other cryptocurrencies. Compared to other exchanges, though, Coinsquare has high withdrawal fees (around 2%) and poor customer support, which is why I don't recommend it for any Canadian crypto investors.

For a better overall trading experience with significantly lower fees, I recommend opening an account with ZenGo, my #1-ranked Canadian crypto exchange. ZenGo has 250,000+ satisfied users, charges very low trading fees, and is offering a 0% trading fees up to $1,000 signup bonus from now until December 9, 2022.

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Sign up by December 9, 2022.

How To Use Your Coinsquare Referral Code

Coinsquare has a referral program for new users. When you sign up with Coinsquare using the referral code YOREOYSTER, you'll receive a $20 bonus deposited into your account. The only requirement is to use the code and fund your account with at least $100, and you'll receive the bonus immediately.

To use the promo code:

  • Visit Coinsquare’s website. Scroll down to the Setup Your Account section. 
  • Choose a username, link your email address, and pick a password (important: in this step, you have to use the referral code F4sE2. If you don’t use it in this step, you will not be able to use it after creating your account, and you will miss out on the referral bonus).
  • Confirm your phone number and verify your identity with a government-issued ID (passport, driver’s license).
  • Fund your account with $100 or more.

Keep in mind that to receive the bonus, you have to fund it with at least $100, and after you fund it you will receive your referral code to start inviting your friends and receiving $20 for each successful referral.

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What Is Coinsquare?

Coinsquare is a Canadian digital currency exchange that allows you to trade Bitcoin, Ethereum, and several other cryptocurrencies. Coinsquare has been around since 2014, so they’ve had plenty of experience developing their platform to ensure it’s user-friendly and safe for traders.

What Coins Does Coinsquare Offer?

Bitcoin (BTC)Litecoin (LTC)
Ethereum (ETH)Ripple (XRP)
Bitcoin Cash (BCH)Dogecoin (DOGE)
Bitcoin SV (BSV)Stellar Lumens (XLM)
Ethereum Classic (ETC)DASH

Coinsquare Fees

Coinsquare offers two distinct order types: QuickTrade and Bit Markets.

If you’re using the QuickTrade feature, you will pay 0.20% of your entire trade-in BTC and 0.40% on all transactions using other cryptocurrencies in fees.

On the other hand, Bit Market fees are lower (A Maker fee is only 0.1%, while a Taker fee is capped at 0.2%). Deposits cost nothing, but withdrawing funds from Coinsquare incurs an additional transaction fee of 2%.

Fees for specific cryptocurrencies vary; you can head to our full Coinsquare review for the complete list.

How To Sign Up With Coinsquare

#1 Visit Coinsquare‘s website. Scroll down to the Setup Your Account section. 

#2 Choose a username and link an email address. (important: this is where you use the referral code YOREOYSTER. If you don’t use it in this step, you will not be able to use it after creating your account, and you will miss out on the referral bonus).

#3 Before you start trading you will need to confirm your mobile number. Keep in mind that Coinsquare is only available for resident Canadian citizens.

#4 The last step is to verify your identity with a government ID (passport, driver’s license, ID card) and fund your account. Keep in mind that you have to fund it with at least $100 to receive the $20 bonus.

Coinsquare’s Referral Program

After creating and funding your account, you will find your referral link in the Referral section or by reaching out to Coinsquare support. Once you have your referral code, you can:

  • Share your code via text, email, or your social media audience.
  • Once a referee signs up and funds their account with at least $100, you both will receive an additional $20. 
  • There’s no limit to how many people you can invite. 

Is Coinsquare Safe?

Well, for starters, it’s worth reminding you that cryptocurrency trading is risky regardless of the platform you use to do so. However, I’ve mentioned earlier in this article that Coinsquare has yet to be hacked, so you can be sure that the platform is pretty safe.

Is Coinsquare Legal In Canada?

Yes. Coinsquare is fully regulated by the Ontario Securities Commission and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

This means that Coinsquare has met all Canadian regulatory requirements for cryptocurrency trading platforms, so you can be sure it’s a legitimate platform to use when trading cryptocurrencies.

That being said, Coinsquare is not a member of the Canadian Investor Protection Fund (CIPF), which means that you should be prepared to lose all your investments if the company becomes insolvent.

Introducing ZenGo: Our #1-Rated Crypto Exchange In Canada

1. ZenGo – Best Overall + Lowest Fees

#1 Best Overall

Trading Fees: 0% up to $1,000
Security: Best in class
Customer Support: Excellent

Ultimate security + lowest fees.

★★★★★

Rated 4.9/5

ZenGo is, without a doubt, the best crypto platform in 2022.

ZenGo is free to use, which means you get the industry's best security for no cost. Sending and receiving crypto to and from ZenGo is also free, and their 24/7 support team answers most queries in 5 minutes or less.

ZenGo’s proprietary keyless technology means that your crypto is protected by two independently created mathematical secret shares: one that lives on your phone, and another that lives in the cloud. This unique setup means that your coins are always 100% secure, and that you’ll never have any trouble accessing them, even if your phone is lost, stolen, or broken, or if ZenGo (the company) were to go bankrupt, commit fraud, or cease operations for any other reason.

As a new ZenGo user, you won't pay any trading fees on trades up to $1,000. ZenGo supports more than 75 crypto assets, and it takes less than 30 seconds to open your free account.

Overall, ZenGo represents the next generation of crypto: with top-level security inside an easy to use app, it truly is the best of both worlds. I can’t recommend ZenGo highly enough.

Features

  • Supports 75+ crypto assets
  • 24/7 customer support
  • Extremely well-rated mobile app (4.7/5 on the App Store) 
  • Face scanning technology for even greater security
  • Up to 8% APY in crypto savings 
  • Cancel or speed up your sent transactions with one tap
  • Choose from the 3 network fees modes: economy, regular, and fast (applicable for BTC, ETH, and ERC20)

Cost

  • Account Opening: Free
  • Trading Fees: 0% on trades up to $1,000

Best For

Crypto investors looking for the most secure trading experience + extremely low fees.

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In Summary

Coinsquare is a Canadian crypto exchange that allows you to trade Bitcoin, Ethereum, and a handful of other cryptocurrencies. Compared to other exchanges, though, Coinsquare has high withdrawal fees (around 2%) and poor customer support, which is why I don't recommend it for any Canadian crypto investors.

For a better overall trading experience with significantly lower fees, I recommend opening an account with ZenGo, my #1-ranked Canadian crypto exchange. ZenGo has 250,000+ satisfied users, charges very low trading fees, and is offering a 0% trading fees up to $1,000 signup bonus from now until December 9, 2022.

SECURE MY CRYPTO FOR FREE
Sign up by December 9, 2022.

Cryptocurrency Signup Bonuses In Canada

  • VirgoCX: $20 bonus after depositing $100 or more
  • CoinSmart: $50 bonus after depositing $200 or more
  • Bitbuy: $30 bonus after depositing $250 or more
  • Newton: $25 bonus after depositing $100 or more

Earn $347 From Our First Email