Expecting to hear back in a few days it was literally not even half hour reply. Real world customer highly recommend thus crypto exchange. I have had no negative experiences using Coinberry thus far.
Coinberry does not have its own wallet, but they do keep customer funds in an account that serves as their wallet. 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. What’s more, each account has its own free Coinberry Pay link so that users can accept payments hassle-free on any device.
There are a few free ways to exchange your cryptocurrency for money in Canada. The most common method is a cryptocurrency exchange, which allows you to sell your coins for Canadian dollars . Shakepay and Coinberry are two very similar platforms, as they’re both aimed at customers who are purchasing Bitcoin for the first time.
Coinberry offers a variety of features to simplify the crypto experience including a visual user-interface, recurring orders and an intuitive mobile app for iOS and Android devices. Coinberry is a great exchange to use for first time cryptocurrency investors who reside in Canada. Coinberry supports 2 payment options to deposit CAD with zero fees to use for buying and selling cryptocurrencies.
Once an amount of CAD has been entered, the corresponding value of the cryptocurrency is displayed. The transaction fees are shown before confirming the order which is a positive to provide full transparency on the fees. The material contained on this website is for coinberry review informational purposes only and RankFi.com, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell investments nor is it to be construed as investment advice.
Something that we found quite unique about the Coinberry platform was the ability to short sell an asset. We have not seen this functionality on any other Canadian exchange. Once the payment has been confirmed it should be credited to your trading account within 3 hours. Perhaps your best bet would be through an Interac E-transfer. This comes down to the speed with which they arrive at the recipient bank as well as the fees involved.
- You can buy and sell as many as 19 cryptocurrencies with Coinberry, more than most Canadian exchanges.
- In 2023, Bitbuy bought Coinberry, so it’s basically the same platform now.
- If your trading volume is under $250K, they have a 2.00% maker/taker fee which is the highest in Canada.
The use of segregated bank accounts also helps reduce the time it takes to process withdrawals to just 1 day. Coinberry simplifies the process of buying and selling cryptocurrencies for Canadian users. 1) Buy and sell 18 of the most popular cryptocurrencies using CAD, from one of Canada’s best crypto exchanges.
Coinberry still has a referral program that rewards users for inviting friends, but the referral links only redirect traffic to the Bitbuy website. Coinberry is accessible as a desktop website or as a mobile app for Android and IOS. The mobile application has the same functionality as the website and is simple to use.
Coinberry appears to be a legitimate company that is registered with the Financial Transactions and Reports and Analysis Centre of Canada as a Money Service Business. If manual verification is required, you may need to upload a government-issued ID (e.g., driver’s license or passport. To get started, sign up here (the link automatically applies a $30 bonus after you verify your account and trade at least $50). If you are one of those folks looking to jump aboard meme coins like Dogecoin, Coinberry offers it as well.
How Much Does it Really Cost To Trade With Coinberry?
You must convert all other currencies, including alternative coins to one of the four main currencies or to fiat currency prior to withdrawal. Coinberry is a locally owned and operated crypto exchange in Canada. The platform accepts CAD deposits only to Canadian bank accounts and therefore is not available to residents in the United States. 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.
We’re here to help make your crypto journey simple, safe, and secure. I opened this account way way back when there were not many options but we’re finally getting more options in Canada and unless Coinberry ups there game they won’t be around too much longer. Coinberry has several advantages for crypto lovers and a couple of drawbacks. ID Verification – Once your account has been initiated, Coinberry will attempt to verify your ID. You’ll be asked to take a selfie while holding a piece of government-issued ID. This could be a driver’s license, passport, or other valid government ID.
Currently, there are only three cryptocurrencies on offer at Coinberry and these include Litecoin , Bitcoin and Ethereum . In most cases though, the front line of security will start with the user. In order to help prevent any hacks or breaches to individual accounts on the client side, Coinberry also has a range of security tools. Coinberry recently became the first Canadian exchange to be join the list of exchanges on Ledger, a prominent hardware wallet company.
Overall a good exchange
That was tied up for a couple of days and they send it back. I then sent the withdrawal to another crypto exchange Newton to my own wallet address. Coinberry blocked that one and at the time of writing this no money has appeared in my Newton wallet. Their excuse is that it is being reviewed by the financial department. I ask you the other crypto investor should it take over a week to get a withdrawal finished??
Our main concerns are the potentially high trade fees and the lack of more advanced tools aimed at expert traders. Lastly, Coinberry has to think globally (or at least cross-continentally) if it hopes to become a dominant force in the market. The mobile app looks to be designed well for users who want to not only invest on the go, but also spend their cryptocurrencies at merchant stores or anywhere else that accepts them. This ensures that if the company’s bank accounts were to ever be frozen, it would not affect the customers’ money.
If you’d like some support, please email us at and a member of our customer support team would be happy to assist you. Coinberry is the only digital asset platform trusted by Canadian government municipalities and is insured, FINTRAC registered, and PIPEDA compliant. Coinberry signup and purchase of Bitcoins might take as little as 60 seconds.
A spread in trading is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to sell . Knowing that the bank would decline my request to call the wire back, Coinberry still sent me to the bank on a wild chase. I feel like I have been taken advantage of, I want Coinberry to refund me my money. THEY REFUSE TO DO SO, AND HAVE NO GROUNDS HOLDING IT EITHER, THIS IS FRAUDULENT, BY HOLDING MY MONEY, THEY ARE STEALING IT. It would be even better if you allowed this, Stellar, Doge, etc.
I am much more confident now, heading into this new trading adventure thanks to their help. HedgewithCrypto aims to publish information that is factual, accurate https://forexbroker-listing.com/ and up to date. The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website.
If you have a good phone camera and aren’t trying to cheat the system, the automated feature is going to work 99% of the time. I didn’t have any issues with it myself and was verified within 30 minutes or so, The manual verification can take 24-hours or longer. I used my driver’s license and the automated process recognized my details easily.
Once confirmed, you must add a secure phone number to enable 2-factor authentication and protect your account. If you have decided that you would like to give Coinberry a try then you will need to create an account. Hit the “sign-up” button on the top right of the screen and you will be prompted for an email address as well as a password. Lastly, when it comes to your personal information, this is OpenPGP protocol encrypted. PGP is an encryption program that provides cryptographic privacy and authentication for data communication.