Coinsquare and QuadrigaCX were two popular Canadian cryptocurrency exchanges that offered trading in a range of digital assets. In this article, we will compare Coinsquare and QuadrigaCX in terms of trading fees, security, user interface, customer support, and available cryptocurrencies.
Trading Fees
Coinsquare has a tiered trading fee structure based on the user's trading volume in the last 30 days. The fees start at 0.2% for makers and 0.2% for takers and can be reduced to as low as 0.1% for high-volume traders.
QuadrigaCX had a similar fee structure, with fees starting at 0.5% for makers and 0.5% for takers and decreasing to as low as 0.2% for high-volume traders.
Overall, Coinsquare has lower trading fees than QuadrigaCX, making it a more cost-effective option for traders.
Security
Security is a crucial consideration for any cryptocurrency exchange. Coinsquare has implemented a number of security measures to protect its users' assets, including two-factor authentication (2FA), cold storage for the majority of its users' funds, and regular security audits.
QuadrigaCX, on the other hand, suffered a major security breach in 2015 in which hackers stole 30,000 ETH from the platform. The exchange also faced legal and financial difficulties, ultimately leading to its shutdown in 2019. This highlights the importance of choosing a reputable and secure cryptocurrency exchange.
User Interface
Both Coinsquare and QuadrigaCX had user-friendly interfaces that were easy to navigate. Coinsquare's interface was modern and sleek, with advanced charting tools and real-time market data. The platform also offered a mobile app for trading on the go.
QuadrigaCX's interface was similarly user-friendly, with simple charts and an easy-to-use trading platform. However, the platform lacked some of the advanced charting tools offered by Coinsquare.
Overall, both exchanges had intuitive interfaces, but Coinsquare had more advanced charting tools and a mobile app, making it a better option for active traders.
Customer Support
Customer support is an important consideration when choosing a cryptocurrency exchange. Coinsquare offers customer support through a ticketing system, live chat, and phone support during business hours. Additionally, the exchange has a comprehensive help center with articles and tutorials to help users troubleshoot common issues.
QuadrigaCX had a customer support team that was available through a ticketing system and email. However, some users reported slow response times and poor customer support from the exchange.
Available Cryptocurrencies
Coinsquare supports a wide range of cryptocurrencies, including popular coins like Bitcoin, Ethereum, and Litecoin, as well as lesser-known altcoins. Additionally, the exchange regularly adds new coins to its platform through its listing process.
QuadrigaCX also supported a range of cryptocurrencies, including Bitcoin, Ethereum, and Bitcoin Cash. However, the exchange did not offer as many altcoins as Coinsquare.
Conclusion
In summary, Coinsquare and QuadrigaCX were two popular Canadian cryptocurrency exchanges that offered similar services. Coinsquare has lower trading fees, more advanced charting tools, and better customer support than QuadrigaCX. Additionally, Coinsquare has remained a stable and reputable exchange, while QuadrigaCX's closure highlights the importance of choosing a secure and reliable cryptocurrency exchange.
Coinsquare trading volume is 7,791,675.0. The exchange has 10 available trading pairs. Fiat trading is not available on the exchange.
Margin trading is not available.
QuadrigaCX trading volume is 0. The exchange has 0 available trading pairs. Fiat trading is not available on the exchange.
Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Coinsquare user rating is 2, based on 3 user reviews. QuadrigaCX user rating is 1, based on 1 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
On this page, you can compare Coinsquare with QuadrigaCX. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges.
Coinsquare was founded in 2014 in Canada.
QuadrigaCX was founded in 2013 in Canada.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is QuadrigaCX. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Coinsquare is Centralized and QuadrigaCX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinsquare has a mobile app available for iOS and Android.
QuadrigaCX doesn't have a mobile app.
Coinsquare has 2 languages available, including English and French.
