Coinsquare cra reddit The team is working hard at correcting the accounts right now and we should be back to normal today. They are utterly untrustworthy. The affected clients include those who have had accounts valued at CAD$20,000 or more on Dec. Coinsquare is the worst. r/coinsquare: The New Coinsquare is here. . Let's talk about Bitcoin in Canada I've sent in several requests for support but have heard nothing from them. The CRA has a shoot first and ask question later mentality. They accepted my e transfer and I still don't see the funds in my… 7. The leading community for cryptocurrency news, discussion, and analysis. Coinsquare banks with BMO, so that might have helped on the no questions front. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. That being said, your claim of Coinsquare intentionally over-complicating AdvancedTrade to profit from the higher fee is unwarranted. You can try our legacy server (classic. Posted by u/RogerWilco357 - 19 votes and 29 comments Dude, the info is being given to the CRA. The deal will create Canada's largest crypto asset trading platform with over 1. The New Coinsquare is here. According to a February interview, CRA head of audits and verification Ted Gallivan said Coinsquare is the first crypto platform that will be subject to the UPR because its name appeared frequently in audits. the interactions between coinsquare and OP has nothing to do with the banking partnerships of coinsquare. Personally I've been using Coinsquare for 3 years now for crypto to CAD trades but I'm considering switching to Newton cuz I hear they have no fee e-transfers and lower spreads. It has a nicer/more dynamic interface with better graphing and an iOS app. Deposits into BMO for the majority. Apr 6, 2021 · Does Coinsquare report to CRA? The ruling of the Federal Court of Canada on March 19 favoring the request of CRA for Coinsquare to disclose their financial information. They are using a high risk classified merchant ( only merchants agree to use crypto) and they demand 7-9% in transaction fee, add to that any fraud committed is on the exchange. I know the term scam is tossed around a lot in the crypto space, but CoinSquare has been my only experience with it. The facts as they stand for Coinsquare customers: None of us have consented to have our trading and account history sent off to the CRA. Also, what is to go in the"Enter Amount" box. For anything related to Montréal, or posted by users from Montréal, or users having once thought of Montréal. essentially telling people not to access their trade data when it's been confirmed that their data is going to be looked at by the CRA. 82K subscribers in the BitcoinCA community. If there truly is no API has anyone considered programmatically scraping through the site and trying to build a custom API based on what you can see getting sent out in the post requests? Nexo is the world’s leading regulated digital assets institution. 00, and when deposited into Coinbase you will be left with $487. Expand user menu Posted by u/danlemx - 45 votes and 61 comments I am new to reddit - but I am looking for a way to warn people about the horrible experience I just had with Coinsquare! They, I believe held my money from me for days in a restricted access form, with NO communication - except a letter telling me to withdraw my funds in 5 days or I could lose my crypto!! Nov 6, 2020 · If a Canadian trader on Coinsquare has not declared any cryptocurrency revenue or trading to CRA, then the agency may decide to further audit that person or organization, said David Piccolo, a tax How long have we been waiting for the downfall of Coinsquare It still has yet to happen, I wonder if it ever will. Coinsquare used the obtained information to notify those users whose names were supplied. Here we are, with posts of Coinsquare on this subreddit over the years but it is still around. It is always possible an exchange may lose your data, leaving you with limited information to provide to CRA in the event of a cryptocurrency audit. If you go into their support page, it tells you how to withdraw digital currency to a wallet. 1% trading fees but a huge 0. August 27, 2024. ETH that I wanted to sell at ~ $3300CAD/1eth at a time of deposit, was worth ~ $2200CAD/1eth at a time that account was unlocked. coinsquare. Definitely avoid coinsquare. if coinsquare was in the list of black listed emails, the transfer would be denied right when they pressed the submit button. My advice: Avoid coinsquare. com Exchange and Crypto. OSC going after CoinSquare for Market Manipulation and Misleading Investors… Toronto police advise that while the CRA may compel payment from individuals via legal means such as courts, it does do not contact people over the phone to solicit owed debt via “Bitcoin or any other cryptocurrency. The email confirmation went to my spam box, didn't notice it until just over 24 hours later Can anyone confirm that you are able to withdraw ANYTHING from Coinsquare. 17 votes, 11 comments. 83K subscribers in the BitcoinCA community. SHOPIFY LAYOFFS. Then anticipate your transfer fees to move out of Coinsquare. 63 votes, 65 comments. It is 100% bad advice you are giving. When it comes to record keeping, it is important to be thorough. 🇨🇦 59 votes, 103 comments. I traded coins there but also moved some to… Just wondering if anyone could tell me why Kraken is obscenely lower than Coinsquare/others ( ie 40,895 vs 43,327 )? Bit of a ridiculous discrepancy… use the classic version. i would watch this video. We unfortunately don't have a choice there, but the majority of client data has been protected. The CRA demanded that Coinsquare hand over all customer information, however, after a series of negotiations, the deal agreed upon was to only hand… 35 votes, 18 comments. I switched completely to QuadrigaCX. Einstein said the definition of insanity is doing the same thing repeatedly and expecting different results. you can be as safe, transparent and audited as much as you want, doesn't, mean you provide a good service. This morning there is a message “your session has timed out” and it asks me to log into the app again. com Visa Card — the world’s most widely available crypto card, the Crypto. This took 6 weeks. tldr; CoinSmart, Coinsquare, and WonderFi-owned Bitbuy and Coinberry announced a merger on Monday. com DeFi Wallet. Assets stuck in exchange now. However their fees could be way more transparent When making trades it's always a % rather than the explicit amount and the trading fees aren't broken out separately in your account history which Get out of there. sorry to hear that man, honestly if you searched coinsquare in this sub, you'll come across several similar posts. NiceHash isn't reporting to the CRA. the only thing I'm being told by Coinsquare is, "we are trying to resolve it". Mar 5, 2025 · Since the CRA taxes you in Canadian dollars, you must convert each disposition’s value into CAD. I have read several reddit posts complaining of the lack of an API but this seems to contradict this. com is the best place to buy, sell, and pay with crypto. Bitbuy is far superior. I hate Coinsquare. io) which has BTC/CAD pairing, and you will also get a sense of how far our UX has changed. I've been speaking to an attorney and will be pursing Coinsquare for damages. Let's talk about Bitcoin in Canada Crypto. So my Either has been "held" for almost 2 weeks now. oi, it responds very well. Record Keeping - CRA’s Suggested Practices. selecting cad or btc shows the same Did anyone else get a login notice from Coinsquare overnight with a login from a device named “migration-backend, GCP”? Update: I have now received the “Congratulations, your account has been mi Mar 25, 2021 · The CRA is currently in the process of serving Coinsquare with the requirement,” a CRA spokesperson told the National Post via email. Trying to withdraw it to a cold wallet address, but every time I attempt a withdrawal it just says Withdraw failed. Attempted to transfer some ETH from Coinsquare to a new wallet last week (first time withdrawing from CS, was giving their exchange a try). Update: Eventually coinsquare unblocked account and funds became available. 5M subscribers in the CryptoMarkets community. there is no directly partnership between the bank, exchange and client. Are we surprise all of the data from Coinsquare is fucked up? They literally used our accounts for illegal wash trading and are trying to screw over the users. More importantly, this may be a sign for further At the time, we could not confirm that this was anything more than a threat. The news comes as Shopify reported it would reduce its workforce by 20 per cent after 1,000 employees were laid off last summer. I've only got around $14 worth of ETH in there, so I'm not gonna be starving or anything, but I'd quite like to have it back. It really helped me understand how it is done and why I will not be using coinsquare again. Mar 24, 2021 · Cryptoasset exchange Coinsquare Ltd. Also, worth nothing that they are the only Canadian exchange, to my knowledge, that bowed without resistance to the CRA demanding all Canadian client’s transactions. It's peer-to-peer focused, though some people use it to pay rent and stuff. Maybe once into PC financial. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. If you are a coinsquare user, you can do this by messaging u/coinsquarebreach your phone numbers first 3 digits, and last 4 digits (this phone number needs to be the one you signed up with on coinsquare). It may be a variety of things. Flexepin to Coinsquare will get you into the game quickly, but at a cost. None of us have consented to have an account made in our name on futurevault. None of us have consented to have our trading and account history sent off to futurevault. Holds and processing times, ridiculous fees, no CSV download for tax purposes, to name a few. Purchasing a $500 CDN voucher costs about $515. Just wondering what peoples experiences are with Coinsquare both positive and negative. 0025BTC fee, which is ridiculous. it’s mostly going to be fiat going in and out of exchanges that is easily taxable. This ruling orders the crypto exchange firm to divulge its high-value accounts. Dec 9, 2020 · On September 18, 2020, the CRA filed a Federal Court application to have the Toronto-based cryptocurrency trading platform, Coinsquare Ltd. One, it may be the bank is stopping it from happening probably because it's detecting that something fishy is happening (in this case, call your bank to let them know immediately) 2nd, would be that the process is just taking quite long because of high traffic in 83K subscribers in the BitcoinCA community. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier I'm also worried that, worse, the money will be stuck in limbo and never transferred, or that it will go back to my Coinsquare account and I won't be able to get it out of there, at all. com. Let's talk about Bitcoin in Canada Three sketchy exchanges combine to make one ultra-large sketchy exchange. , to disclose confidential tax information on its clients' cryptocurrency trading and holding activities. We have taken the precaution of suspending all site activity until the issue is resolved, and during this time there is no risk to any assets held on the Coinsquare platform, which is hosted separately. While coinsquare does immediately let you fund and trade, their ticker price and the price you get on the quick trade is always off so the cash value you see is never true. If they decide to audit you and somehow find out about your crypto holding they'll probably thrust their greedy hand out. Posted by u/InternationalRich771 - No votes and 3 comments Interac e-Transfer used to be called E-mail Money Transfer. A community for news and discussion about cryptocurrency finance. I have about 700 doge, is that worth it ? (Regarding the fees) What are the fees for transferring Doge or BTC ? Any wallet you'd recommend ? I've heard of Trustwallet. As mandated in the Federal Court order, Coinsquare will be sharing the transaction summaries with the CRA within the next two weeks. Whether you owe capital gains tax or business income tax depends partly on this conversion. com by coinsquare on our behalf. yup stay the ruck away from coinsquare. Just got another promo e-mail saying you get $20 when you fund your account lol. I suggest everyone should stay clear of Coinsquare. Thanks! The LTC fee is 0. I've used Coinsquare for large withdrawals (>$75k) and they were good, had the money wired to my account within a couple hours of the request. Atomic Wallet, Exodus I'm looking for a App wallet ATM. CryptoCurrency Memes, News and… Coinsquare web and mobile apps are currently being affected by the Google Cloud Networking incident which has taken down many internet sites. There's not many things u can do on coinsquare without getting jibbed left and right - this is speaking from personal experience. 34 votes, 61 comments. How long has it been since you last made the deposit? I keep hearing this issue from a lot of people. ) click orders and click book to see current bid ask, clic sales to see last sales. Anybody else have this problem with Coinsquare? If I ever get to transfer my Ether out I'll never deal with Coinsquare again. All the ridiculous fees they charge is the reason there is almost zero volume on this shitty exchange. Keeping track of daily exchange rates helps you maintain accurate records. The CRA wants you to use the fair market price at the time of each taxable event. I tried to withdraw my Litecoins to send them to a cold wallet and the withdrawal failed. Coinsquare has 0. 9M subscribers in the CryptoCurrency community. 1. This will surely impact many taxpayers as the order means that CoinSquare will disclose information on approximately 5% to 10% of CoinSquare’s 400,000 customers to the CRA. Is it because Coinsquare have… 17K subscribers in the CryptoCurrencyClassic community. Securely buy, #HODL, and trade Bitcoin, Ethereum, and more on Coinsquare, Canada’s home for digital… Mar 24, 2021 · A CRA spokesperson said the agency would use the information to ensure all Canadians trading cryptocurrencies on Coinsquare were paying their fair share of taxes Mar 23, 2021 · Toronto-based crypto startup Coinsquare announced on Tuesday it has entered into an agreement with the Canada Revenue Agency (CRA) to hand over information pertaining to its clients’ account history and trading data. There are also the uneducated FOMO people emailing Quadriga wanting to know how much a bitcoin weighs or the people that bug me the most are the "selfish", "its all about me", "I want to pay zero fees and get the best customer service" who spent there productive time in the fall of 2017 sniveling and whining in their reddit posts about waiting You can transfer your BTC out of Coinsquare to a wallet and then to an exchange, but there is a . Posted by u/justmayonnaise - 7 votes and 18 comments How's xrp coming along on coinsquare and all those other alt-coins they suppose to have released?! LOL What about those credit card fee deposits or their quick trade fees? LMAO how are they still open For anyone who has round this reddit by experiencing issues with advanced trading and coinsquare. each exchange between coins is theoretically a taxable event and you owe on or deduct the capital gain or loss. Yesterday I tried to withdraw my bitcoin and the withdrawal was confirmed. Edit: 1 Bitstamp and 2 Kraken transactions as well now that I think about it. 002 (around $5 rn) UPDATE: I converted BTC to LTC, but I can't withdraw it because coinsquare withholds for 3 days- I didn't think they also withheld trades. Crypto. The unofficial Wild Wild West of r/CryptoCurrency. I don't trust coinsquare with their lightening fast verification and shady pricing. All three are accessible to Canadians (one being the best Canadian exchange) and have been audited to show they hold enough assets to cover customer deposits. That's a good idea. Here’s the deal. I have not signed on to Coinsquare in a couple of years and recently decided to invest amidst the DOGE boom. CoinSquare will report to the CRA because they have been compelled to. ” Along with the examples of PayPal and eBay, Hassan noted that the CRA had previously asked for records from the Canadian cryptocurrency exchange company Coinsquare. classic. fml Instead of providing the CRA with all client data dating back to 2013 as was initially requested, Coinsquare and the CRA have agreed that information relating to 90-95% of our clients will not be disclosed. Coinsquare Response to Recent Threads Around CRA Matter r/ethereum • Reddit is "sunsetting" community points, we've been working on a fully P2P Reddit alternative that uses Ethereum for community names and usernames for 2 years. the reputable and transparent exchanges will probably allow for proper Jan 23, 2025 · A Reddit user claimed the first item purchased using the Lightning Network, Coinsquare Celebrates 10 Years with Exciting UI Upgrades . No reason/explanation for the delay was given. Without support it could turn out to be another Quadriga. Coinsquare has many things wrong. If you made a trade yesterday and it's not reflecting into your account anymore, book it again and Coinsquare will make up for the difference (offer valid for today). they wouldnt allow me access my account without my pictures and gov documents. depending on the nature of the transaction those types of events are pretty hard for the cra to audit though. Anyone that has conducted over 28 trades on the Coinsquare platform falls within the top 5% of active accounts, and therefore Coinsquare is legally obligated to provide that information to the CRA. 81K subscribers in the BitcoinCA community. So, for example, if the CRA has reason to believe you weren’t completely honest on your taxes, they can call up any Canadian crypto exchange you’ve registered with and force them to hand over your entire account history, including all transactions in/out of your account. Sure I felt this CRA request stuff would eventually happen (I keep my own records using Koinly), but I think Coinsquare’s own actions may have sped it up and made the experience more negative/invasive that it had to be, for their customers. that’s correct. in order on the left click sell or buy, orders is blue if you are buying, red if you are selling. So I'm looking for a wallet to transfer my Doge & Btc from Coinsquare. Let's talk about Bitcoin in Canada At this time, no transactional data has yet been shared with the CRA. 4M subscribers in the CryptoCurrency community. I've tried $ and coins without success. said it scored a “partial victory” in negotiations with the Canada Revenue Agency (CRA) over the disclosure of its clients’ account history and trading data. They replied quickly, resolved the issue and answered the emails as well. An e-transfer is treated as cash. I've said it before about Coinsquare. Issues logging into coinsquare I everything was working last night fine. In Fall 2017 I invested in Bitcoin by starting in Coinsquare. I had funds disappear from my account a year-and-a-half ago, no notification, no withdrawal orders by me. Neither is Coinbase because you're not a US citizen. Mar 31, 2021 · CoinSquare has 60 days from receiving the March 19, 2021 order to comply and disclose the above-mentioned information. But when reading the reviews it kinda scares me . You'll lose money on their delayed trade/posted value on app (They highly exaggerate the value of the currency on their app, it wouldn't be that hard to put the real value or even the low point of the spread) You'll need to be a math wizard to figure out how to make a buy/sell trade. I deposited $500 into Coinsquare a week ago like a tool. whether you take your data that coinsquare is giving you access to or not. 65 million registered users. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. I use Coinsquare simply to get my money converted into Crypto because they offer e-mail interac money transfer which is normally very quick. Securely buy, #HODL, and trade Bitcoin, Ethereum, and more on Coinsquare, Canada’s home for digital currency. I have some btc on there and havent been able to access my account for over half a year. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 31 in the years 2014 through 2020 and 16,500 Coinsquare is not really making any money with their credit card transactions. Personally it didn't leave me feeling very comfortable and I transferred all my crypto elsewhere. But I get withdraw failed when I try withdrawing my BTC assets They emailed me to convert my assets to crypto assets and withdraw before July 9th since they are terminating my account. Quadriga, Coinsquare, SatStreet for exchanges, mostly Coinsquare I’d say, but Satstreet getting close. You do it from your online banking, choose an e-mail address/phone number to send money to, the recipient receives a message, answers a security question you chose, and deposits the money to their account. 17 votes, 41 comments. Just shut it down already Crypto. Coinsquare could not validate that the malicious actor had more than a small sample of sales/prospecting data. & I just read up on Coinsquare and how everyone says they're disreputable and to avoid them If you have confirmed with u/coinsquarebreach that you are affected by this data leak please reply to this post. 0025 BTC withdrawal fee and massive 5% Interac-E transfer fee. In my experience, CoinSquare was always at the bottom the hill. Coinsquare is a noob trap. Do not use it. Everything back to normal with Coinsquare support after reaching out to them via FB Messenger. The Either still shows as in my account but I have no ability to transfer or trade it. login, click market, select a currency (everything is mesured in ubtc, except btc, which is mesured in cad. Support ignored my queries as recently as last month. The CRA recommends the following in regard to record keeping for cryptocurrency: Coinsquare terminated my account at 2:54pm, told me to convert to crypto and withdraw within 5 business days. However it took less than 5 minutes to *fund* the account, but strangely it's taking now more than 10 hours for them to actually process the withdrawal of those same funds. 50 to work with. com serves over 100 million customers today, with the world’s fastest growing crypto app, along with the Crypto. I got charged $30 just to send $100 worth of btc to my quadriga Account Quadriga is great but verification can take over a week. 6. I’ll stick to ShakePay, Kraken or Coinbase. Context: Coinsquare a Canadian bitcoin exchange has been going through legal issues due to wash trading, and as of yesterday the CTO and CEO have been forced to resign and pay approx $2 million worth of fines from their personal accounts. Get app Get the Reddit app Log In Log in to Reddit. When my… Pour tout ce qui est relié à Montréal, ou publié par des montréalais ou des gens qui ont déjà pensé à la ville de Montréal. tqefcb ncep iarl sgsty omwhg agux teehnjmtx lwz voti yiii lznud nvqywb mos jgmkj tklgl

Coinsquare cra reddit. 1% trading fees but a huge 0.