Coinberry review: The easy way to start trading crypto in Canada?

It supports popular coins like Bitcoin, Ethereum, Stellar, Ripple, Cardano, and several others. Capterra is free for users because vendors pay us when they receive web traffic and sales opportunities. Capterra directories list all vendors—not just those that pay us—so that you can make the best-informed purchase decision possible. Coinberry hasn’t been hacked in the past and they make quite an effort to keep their website secure. Although that’s true, if they ever get hacked, it would definitely be problematic for the user base.

• I would highly not recommend to work with this scam company.
• With its free deposits and withdrawals and the fact that you can connect your Canadian bank account, it makes the process of buying crypto simple.
• To do so, go to the Coinberry dashboard and click on the ‘Fund’ link, then on the ‘Crypto’ box.
• He considers the exchange to be a great option for newcomers.
• Additionally, the wire sum must be represented in Canadian dollars (CAD).

Calculations in comparison tables will vary based on personal data input. Sign up now to join thousands of other visitors who receive our bi-weekly newsletter and latest personal finance tips. You can also share your own referral link or referral code (3b28a1568bc) with others on social media, and you both get $30 after they complete verification and trade $50 or more.

What Is Coinberry Pay?

When you withdraw crypto coins, the Coinberry spread, as well as any fees charged by their liquidity sources will appear on your Preview Order before confirmation. This information is always disclosed and Coinberry provides the present cryptocurrency rate using a margin or “spread” of 0% – 2.5% to the rates offered by their liquidity sources. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

• To copy your wallet address, you can scan the QR code or use the “Copy Address” option.
• This crypto exchange has the upper hand due to the robust security measures combined with competitive trading fees.
• Toronto-based Coinberry offers a wide range of cryptocurrencies.
• In Ontario, Bitbuy is the province’s best crypto exchange.
• Nevertheless, they have several very important aspects that help you go by in this ever-changing world of crypto trading.

The suitability assessment is a basic questionnaire that is used to determine users’ suitability to trade on this exchange. The Ontario Securities Commission has required Coinberry to do a trade-by-trade user evaluation as a precondition to maintain the platform’s accreditation with the commission. The Coinberry exchange strictly adheres to all applicable anti-money laundering (AML) and Know Your Customer (KYC) regulations.

Coinberry has no compliance or customer…

It certainly includes Interac e-Transfer, but you can also use bank transfers (bank wires, card transfers, etc) from Canadian banks. The payment will go through fast and without much hassle. Canadian dollars are very often introduced into different exchanges, but not everywhere. And so, you have to go through a tedious task from turning your CAD into USD and then vice versa after you’ve withdrawn your money.

Users are able to buy and sell cryptocurrencies using Canadian dollars on Coinberry, which makes it one of the most popular cryptocurrency exchanges in Canada. This ensures that the customers’ money will remain untouched in the event that the company’s bank accounts are ever frozen for whatever reason. Coinberry is a service that facilitates the conversion of Canadian investors’ fiat currency holdings for various cryptocurrencies.

It has a good selection of cryptocurrencies to choose from and easy-to-understand features. Coinberry actively seeks engagement with regulatory authorities and implements best practices with security and insurance. Coinberry is a Canadian https://forex-reviews.org/coinsmart/ cryptocurrency exchange founded in 2017 and based out of Toronto, ON. It offers a selection of over 25 cryptocurrencies and generous referral reward programs. I do not like withdrawal fees and can only withdrawal particular crypto.

Unlimited Transactions

There’s also 24/7 customer support to address issues or seek help anytime. It might be the best cryptocurrency exchange in Canada for beginners, although fans of Newton would have something to say about that. Shakepay is another good alternative, but you can only buy and sell bitcoin and ethereum on their platform. The main downside to Coinberry is that their spread is steep, at up to 2.5% per trade. However, they make up for this by not charging fees when you fund your account.

Most obstacles are likely a product of incompetence and may result in delays and general discomfort. From their behavior on review aggregators, it’s not very probable, though. The provider doesn’t seem to be able (or maybe willing) to process your withdrawing requests properly. When they are declined, you won’t be able to know why too soon, because they don’t like answering client complaints very much.

Registered crypto asset trading platforms

While I don’t know for sure, I feel like Coinberry is going to do everything they can to add more alt coins to their available asset list throughout the year. After funding my account using Interac e-Transfer, I had $100 to work with, and the money was available in my account almost immediately. I was interested in some of the alt coins available on Coinberry but chose to stick with Bitcoin for review purposes. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

They know how to take your money but they refuse your withdrawal request.Don’t burn your hard earned money! The phone number they provide is a Florida number and is not in service. Don’t expect to withraw crypto or deposit fiat without issues.

There are tons of reviews that complain about the lack of responsiveness, helpfulness and general competency. According to the complaints, if they do answer eventually, the reply may very well be a hollow one. E-Transfer is one of the major methods of money transferring in Canada. While it can’t be used to fund most other prominent exchanges online, it can be used for Coinberry. It’s an outstanding advantage, because it means most Canadian traders can (theoretically) trade with much more comfort now. You might say it’s not much, but, at the same time, these are amongst the top cryptocurrencies worldwide, the rest are largely very cheap.

Coinberry Customer support

It has gained a reputation as being one of the most compliant cryptocurrency exchanges in Canada and is the first cryptocurrency exchange to be fully regulated across Canada. It is an exchange that understands its place in the market. Get home insurance in 5 minutes for as little as $12/month. Best of all, Hardbacon users receive a $20 account credit when they choose Square One. Right now you can take advantage of Coinberry‘s offer of $30 in crypto when you open a new account. If you have any question or doubt, just reach out to them, they respond in time and get an appropriate response.

In relation to the ongoing financial revolution, Canada has a high degree of adaptability. Next in our Coinberry review we’ll go over some of the pros and cons of the user experience. Although it can be turned off and biometric login features for the platform that you’re using, but in terms of the platform’s security measures, you don’t have to worry about a thing.

Coinberry Mobile and Desktop app

This form is the best method for users struggling with the registration process who don’t yet have an account. It is user-friendly and offers a good selection of cryptocurrencies and learning options. While it may not have as many features and earning protocols as other exchanges, it makes up for that through its referral programs and additional layers of security it has implemented. Founded in 2017, Coinberry is a Canadian-based exchange that many say operates more like a retailer than anything else. It’s based in Toronto and started out as a Bitcoin automated teller machine (ATM) service.

Similar to other exchanges, Coinberry uses its own algorithm to get cryptocurrency values from exchanges located all over the globe. Check out our Coinberry review to learn all the details about this platform. First of all, all customers have to pass a verification process. It is not difficult and can be completed almost instantly. Later on, it developed into an exchange, and that was the right choice.