Forex Education

Coinberry Review 2022

Popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, and XRP are all accepted on the exchange. Coinberry is the first and foremost cryptocurrency platform that has collaborated with local Canadian governments as of 2019. It provides users with a personalized link that allows others to pay or donate directly to them. It does not charge any deposit fees; the costs charged are connected to the payment provider. The company was launched in July 2017 as a Bitcoin ATM firm by a team of bitcoin and blockchain businessmen.

Interact e-Transfers and crypto deposits are processed instantaneously, but wire transfers take 2-3 days. You’ll be pleased to learn that Coinberry offers commission-free trading and doesn’t charge fiat deposit/withdrawal fees. Both Bitbuy and NDAX separate customer funds from operational funds and keep the majority of them in cold storage.

How long does Coinberry withdrawal take?

Withdrawal. In most cases, your withdrawal will be processed within 15 minutes. However, for security reasons, certain withdrawals could take up to 1.5 business days to be processed. Also, Coinberry has security measures in place to protect our investor's accounts and their funds on the Coinberry platform.

If responsive customer support is important to you, VirgoCX is a topCanadian crypto exchangewith Live Chat. Coinberry has only 18 different cryptocurrencies currently on offer. Although they have grown their selection, it is still a small range for those that are interested in diversifying their investments. If you looking for a cryptocurrency exchange with a lot more coins to choose from, you can check out Binancewith over 300+ coins, orKuCoin, with over 250+ coins. One downside that I hear from some people is that Coinberry only offers a limited range of coins. While that is true, they are continually growing their selection, and if you are new to cryptocurrency, most of the big coins you have heard of will be available to buy here.

For each of your invites that sign up for an account through your promo code and trade $50 or more, you both get a $30 sign-up bonus. Then go ahead and purchase any of the coins listed on Coinberry. Prior to any of that, you can also check out the help center pages on their site.

Super company!

This works with most Canadian banks like the Toronto-Dominion Bank, Royal Bank of Canada,Bank of Montreal, etc. Our mission is to make cryptocurrency available to everyone. Coinsmart is the easiest cryptocurrency trading platform. You can quickly and easily buy and sell bitcoins and other digital currencies on your desktop or mobile device. CoinSmart allows you to buy and sell Litecoin Cash, Bitcoin Cash… Next is to add funds to your new Coinberry account using e-transfers or wire transfers.

How many people use Coinberry?

Founded in 2017, Coinberry now has more than 220,000 users, who buy or sell bitcoin, ethereum and more than two dozen other cryptocurrencies. In 2021, it generated more than $13-million in revenue and gained approval from securities commissions across Canada to offer crypto products.

It offers the possibility to invest globally thanks to the ability to quickly adapt to changing market dynamics. Coinberry stands out among cryptocurrency exchanges with its variety of features, excellent customer support and easy-to-use interface. There is a simple ticket system to submit queries for issues with verification, deposits and withdrawals. However, there is no contact number to contact the exchange directly which is disappointing for a local company. Several how-guides cover the majority of topics to get started with Coinberry. Overall, the customer service for a relatively small exchange could be much improved.

Comparison with Other Exchanges

Coinberry, like Expedia, employs its own algorithm to secure cryptocurrency rates from exchanges around the world. However, Coinberry offers more cryptocurrencies, up to 20 and new listings coming, vs Bitbuy’s 15 crypto coins. The verification process is automatic and instant for most accounts. Coinberry Canada offers a simple sign-up process following KYC rules, with a $30 sign-up bonus if you verify your account and trade $50. Trading in cryptocurrency is highly speculative and carries a high level of risk.

coinberry review

The platform lists over 1,000 altcoins that can be traded against BTC, ETH, USDT, and BNB, the exchange’s native token. On top of that, Binance provides its customers with a plethora of advanced trading tools, order books, and depth and price charts. Coinberry is another great Canadian exchange with excellent features and services. The platform supports leading crypto tokens like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, equiti review and Ripple that you can buy via Interac eTransfers, credit cards, and wire transfers. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

Coinberry’s spread can be up to 2.50% while Newton’s spread fee usually range from 0.5% to 0.7%. While both Newton and Coinberry offer Canadian crypto traders the opportunity to buy, sell, and store digital currencies, there are some key differences between the two. This means it complies with AML/KYC rules and regulations as they relate to cryptocurrency exchanges.

They have direct CAD pairs for all major coins and have an OTC desk for larger buys. They also offer a proprietary system called SmartTrade for less experienced crypto users who want an easier way to get coins and jump from one coin to another without complex transactions. Moreover, Coinberry is one of the few local exchanges that are registered by FINTAC, Canada’s main financial regulator, and fully compliant with its regulatory framework and AML policies. Finally, Coinberry offers CDIC insured segregated banking which means that it never mixes company with customer funds. Successful traders use NDAX as a simple, easy and secure platform to instantly buy, and sell Bitcoin, Ethereum and other cryptocurrencies.

Coinberry Fees

Coinberry encourages users to set up two-factor authentication for security. To verify your account, you must go through instant or manual verification. The mobile application is as easy to use as the desktop interface but on a more compacted scale.

Buy and sell Litecoin, Bitcoin Cash, Cardano, Stellar, XRP and more with… Coinberry features military-grade encryption and security measures to ensure customer personal information and funds are kept safe. Coinberry has never been hacked or compromised and is a safe exchange to safely and securely buy Bitcoin in Canada. According to the website, 97% of assets on the platform are held in offline cold storage facilities and 2 Factor Authentication is available to protect accounts against exchange hacks.

The Newton team of experts created this platform to assist other exchanges in the struggle to make cryptocurrency trading more accessible to Canadian traders. Install the app, sign up, and use either Interac e-Transfer or wire transfer to buy BTC and/or ETH, and that’s all there’s to it. The processing time of such payments takes around 10 minutes. While Shakepay itself charges no extra fees, it capitalizes on tiny spreads.

Bitbuy: Best Canadian Exchange

Coinberry is considered to be one of the safest and most secure digital currency trading platforms in Canada. Andrei Poliakov co-founded Coinberry in 2017 with Evan Kuhn in order to meet the high demand for cryptocurrencies. Coinberry is a FINTRAC-registered platform that allows its customers to buy and sell Bitcoin, Ethereum, Litecoin, XRP, Stellar and Bitcoin Cash. With a growing user base in the tens of thousands in Canada, they aim to deliver the best-in-class user experience.

The fees range from 0% to 2.5% maximum and will vary depending on the asset and the market at the time you are trading. This fee is built into the price you get from Coinberry so you can view this trading fee as a kind of spread that can change depending on the time. Newton is the newest Canadian cryptocurrency exchange on our list.

coinberry review

Binance is quickly becoming the most used exchange in the world and for good reason. The platform is perfect for experienced users but not recommended for beginner users which is why it’s not higher up on our featured list. As for customer support, you can either contact ifc markets review them directly from their website via live chat, send a support ticket via email, or reach for their phone support. Like Coinberry, NDAX is of course registered as a Money Service Business with FINTRAC. HitBTC is a global trading platform with multi-currency support…

Simon is a CPA by day and a Personal Finance Blogger by night. With over a decade experience in financial services, he’s passionate about personal finance, investing and helping people take control of their financial life. But even with these fees at NDAX, you ‘ll likely end up paying less to buy crypto on its platform compared to the up to 2.50% spread charged by Coinberry.


A new, decentralized, Multi Crypto Asset ‘Banking’ & Exchange system right in your wallet. Uberpay is a wallet that let’s users swap coins instantly. Uberpay’s goal is to make it easier and more powerful for everyone to adapt cryptocurrencies for their day to day use with merchants.

coinberry review

We hope you liked this article, please if you did, don’t forget to share this useful article with your friends who are also interested in cryptocurrency. Both Coinberry and NDAX are registered with FINTRAC as a Money Services Business and are fully compliant with the Canadian anti-money laundering regulations . Get a $25 welcome bonus on Newton when you trade at least $100 in cryptocurrencies using this referral link or by clicking the button below – No Newton promo code required. Also, Coinberry uses 2FA authentication to protect your account. You need to confirm your identity with a secret code sent to your phone every time you log in on the platform. Coinberry is also one of a handful of crypto platforms that are registered as Restricted Dealers or Marketplace with the Ontario Securities Commission.

Built by Canada’s own Coinsquare, Quick Trade is optimized for faster trades with no fees and the lowest spreads, top-tier security, and backed by industry-leading… If this is your first step into the world of cryptocurrency, you’re in the right place. Before you make your first operation, please review the articles in our support centre. We have very high security standards to protect you and your assets.

Coinberry has a 3.7/5 star rating based on 766 customer reviews. Although, the feedback on the customer support is underwhelming with numerous comments suggesting slow response times. Coinberry does not provide a 24/7 customer support service to assist with day-to-day troubleshooting issues. Furthermore, individuals could simply purchase crypto directly from top cryptocurrency exchanges such as Binance, Coinbase Pro, FTX, Kraken and KuCoin. However, not all exchanges offer CAD which means Coinberry users are paying a premium for the benefit of using CAD with a local exchange.

As part of the trading package, Wealthsimple also delivers an online brokerage platform for trading ETFs and stocks. Recently, the company expanded its scope of trading opportunities by launching Wealthsimple Crypto through the same web interface. Similar to the internet, no single entity controls cryptocurrencies like Bitcoin. It puts you back in control of your money, away from any middlemen. It gives you unprecedented freedom that we believe will change the face of the financial industry.

Coinberry Features

All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. We offer some of the most competitive Bitcoin prices in Canada so you can keep more of your cryptocurrency. Knowing the importance of security and regulatory compliance, Newton registered with FINTRAC shortly after its launch.

They are making fast progress with the correct priorities in security, cost, and ease of use for you as a trader. They are also completed covered by as much as $200 million in insurance on your held crypto-assets for which they partnered with the regulated custodian, Gemini Trust Company. Coinberry also has a financial institution bond underwritten by Lloyds of London that covers as much as CAD$1 million per claim.

After submitting these papers, Coinberry will have to verify them personally, which might take one to three business days. You don’t need a referral code to get your signup bonus with Coinberry. Simply sign up using our signup bonus link and then deposit $100 or more into your account. If you want to buy Dogecoin with lower fees, though, I suggest using CoinSmart, Bitbuy or Newton instead.

If you’re interested in buying bitcoin, these exchanges are a good place to start. Coinberry does not have plans to expand their services to other countries at this time. If you’re a Canadian interested in purchasing your first Bitcoin, check out Coinberry! This exchange provides a quick and easy way to buy and learn more about Bitcoin.

The unique address self-destructs following every use for safety. Copy and paste the crypto address or scan the QR code using your preferred wallet. Coinberry Help Center – How to Fund with Wire TransferYour name must be identical on your bank account and your Coinberry account. Write your account number in the notes or reference section. As mentioned, the platform works with the City of Richmond Hill and the Town of Innisfil. It was part of the first property tax payment using Bitcoin in Canada.

If you want to read about these disadvantages in a bit more detail, you can click on the respective jump links below. This is a authentic company after having bad experiences with many I found Coinberry to be trustworthy svs securities fscs protection and easy to deal with. Every Coinberry account comes with a free & unique Coinberry Pay link. One can get paid in Bitcoin, immediately convert it into Canadian dollars, and deposit it into their bank account.

All that is needed is a wallet address to withdraw funds. Bitcoin is one of the digital currencies that is accepted. Coinberry offers segregated banking that the CDIC guarantees. This implies that Coinberry collaborates with Canadian Schedule I banks to assist them in complying with Canadian regulations. Coinberry is a cutting-edge digital asset platform that is FINTRAC-registered.

This makes it much harder for hackers to access your money. The exchange also offers a mobile app for iOS and Android devices so that users can trade on the go without having to worry about using a separate application on their mobile device. The spread is the mark-up or mark-down charged by the platform when you purchase a certain crypto here. So if the price of the relevant crypto is USD 100, and the spread is 1%, the buyer can buy the crypto on the trading platform for USD 101. The difference between the sell price and the purchase price , goes to the trading platform.

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