The Truth About Crypto Regulations In Canada

Setting up an account on CoinSmart is easy and they offer instant verification through Equifax meaning you can be verified and trading within minutes of sign up. Follow these steps to create a CoinSmart account:

  1. Go to CoinSmart homepage
  2. Enter email address and click “Get Started”
  3. On the following page enter name and choose a password, click “Sign Up”
  4. Verify email through email they send you
  5. Enter phone number and verify through code they send you
  6. Enter required information including full name, date of birth, and address
  7. If they are able to instantly verify you at this point you are ready to fund and trade!

If they are unable to instantly verify your identity you will need to provide the following:

  1. Clear copies of the front and back of your government issued ID
  2. A selfie with you holding the same ID and a piece of paper with the word “CoinSmart” and today’s date on it.
  3. A copy of a recent utility bill with your name and address.

After providing this information CoinSmart will manually verify your identity and you will then be able to fund your account and begin trading.



“Crypto regulations in Canada are not a roadblock but rather a guiding light for the industry. While they challenge us to innovate responsibly, they simultaneously foster trust and stability. At CoinSmart, we see this as an opportunity for growth rather than an obstacle. We believe in a crypto future where regulation and innovation coexist, leading to a thriving ecosystem not only for CoinSmart but for the Canadian crypto community at large.”

Although CoinSmart launched as a Canadian-only exchange it recently expanded to a number of different jurisdictions around the world so that everyone can take advantage of its fantastic UI and easy on-boarding process.

Here’s a look at the updated list of where CoinSmart is available:

  • Canada
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Portugal
  • Sweden
  • Norway
  • Turkey
  • Poland
  • Ireland
  • Netherlands
  • Georgia
  • Estonia



In closing, we have another quote by our CEO Justin Hartzman, that perfectly sums up our sentiment:



The contents of this blog are strictly for information purposes only. All of the opinions expressed in this blog are not connected to CoinSmart and are not intended to provide you with investment advice. It is important that you do your personal research and/or consult an investment advisor to determine what is right for you.

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