All funds on the exchange are protected by Gemini Trust Company LLC, the most secure and trusted cryptocurrency custodian on the market. This is one of the reasons why traders keep coming back to Coinberry, it’s a very safe platform and your digital assets are also insured. Coinberry is one of the best Canadian crypto exchanges where users may purchase and sell cryptocurrencies in Canadian currency. This implies the company would have had to pass a series of compliance tests before being permitted to accept client money.

coinberry reviews

Thankfully, we did some digging and found out the company is dedicated to effective fraud detection, reporting, and user onboarding. With so many crypto exchanges available, deciding which is best for you can be difficult. Trading in cryptocurrency is highly speculative and carries a high level of risk. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

Coins and Countries Coinberry Supports

Because of this, Coinberry is an excellent alternative for traders with less expertise. On the exchange, you may trade cryptocurrencies such as Bitcoin, Ethereum, and others. As of the beginning of 2019, Coinberry is the first and leading cryptocurrency platform that has cooperated with municipal governments throughout Canada. It makes money off of what is known as the “spread,” which is the difference between the prices it can obtain cryptocurrency for as a high-volume customer and the prices that are publicly advertised. It is delighted to give a price that is completely transparent and does not have any hidden expenses or additional fees; the prices that are listed on their site are the final transaction rates. Right now you can take advantage of Coinberry‘s offer of $30 in crypto when you open a new account.

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users. Customers can message the Coinberry support team online or via email. It offers 24/7 support and a helpful FAQ section on the website.

Coinberry actively seeks engagement with regulatory authorities and implements best practices with security and insurance. 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. All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

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. I got money within a 2 1/2 week period and was handled as well as anyone could have expected. And if i would meet this people in reality i would spit in their face. Toju Ometoruwa is a Northeastern University alumni who is the co-founder of Pazima, a start-up that provides secure lending options for low-income workers. His passion is to empower communities across the African diaspora through the blockchain.

If you have any question or doubt, just reach out to them, they respond in time and get an appropriate response. It is highly recommended for someone who want to engage on digital trade. You are never to old to learn…Coin berry is one of those Companies that are Hyper Vigilant about their clients trading and wellbeing.

Users have a range of deposit alternatives available to them in order to fund their Coinberry account which provides prospective investors with a choice of buying possibilities. Surprisingly, though, Coinberry does not include a live chat facility, which is unusual given the sheer number of cryptocurrency exchanges that have it. You also have the option of transferring Canadian dollars to Coinberry via wire transfer. First double check that the information in your bank account and your Coinberry account is the same and then put your account number into the “Notes” as appropriate. Coinberry is one of the few online crypto-coin platforms that provides “Live Support for all your Bitcoin queries,” which is a feature that is becoming more rare. You may also get in touch with them by e-mail if live chatting isn’t really your thing.

If you need to get in touch with their team, you can submit a request via email on their contact page. There is no live chat or phone support and we’re not sure what their support hours are or how long it takes to get a response. Digital assets are risky, check out the Risk Disclosure Document on your platform of choice for more details and consider getting advice from a professional. There are ZERO fees charged for withdrawing CAD by e-Transfer or Wire transfer.

Coinberry Review: Complete Exchange Overview

For this reason, it is always recommended utilizing a software or hardware wallet to keep your money safe. So to summarize Coinberry is a respectable option for Canadians looking to trade cryptocurrencies. When you are in some locations throughout the globe, it might be difficult to convert your “fiat” money into bitcoin. In relation to the ongoing financial revolution, Canada has a high degree of adaptability.

  • So to summarize Coinberry is a respectable option for Canadians looking to trade cryptocurrencies.
  • Educational platforms are an underrated feature of cryptocurrency exchanges.
  • Coinberry seems to have some impressive licenses, especially in an industry where there are so many unregulated brokers and unlicensed platforms.
  • When using Coinberry, you are buying and selling from them directly, rather than other individuals like yourself.
  • Transaction fees are displayed before trade confirmation and include the Coinberry spread and the fees charged by liquidity sources.

The option to deposit CAD makes a very smooth onramp for new investors who are just starting out and if you are an experienced trader you will also enjoy the easy-to-use buy and sell interface. If you are looking for a platform with easy deposits and fast withdrawals, then Coinberry might be the new home for your crypto adventures. For this review, we compared Coinberry versus 20+ Canadian crypto exchanges and brokers to see if it’s a good place to buy Bitcoin and cryptocurrencies. Read on to see the spreads, fees, coins offered, funding methods and more. When one uses Coinberry to purchase or sell Bitcoin, the exchange fulfills the order using Coinberry’s network of liquidity providers.

My Overall Thoughts on Coinberry

This is because of their regulatory licenses they have to complete a number of KYC checks on their trading accounts. This should not dissuade you from still using Coinberry though. They can always be used as an affordable CAD “Fiat Gateway” to get your hands on Bitcoin. You can then transfer this to other international exchanges such as Binance to purchase the rest of your coins. This is slightly underwhelming as most of the competition has at least 5 coins for their traders to choose from. Perhaps this is something that the Coinberry team is planning on introducing at a later stage and we will keep our eyes on their news wires.

For crypto withdrawals, mining fees/network fees will be applied and shown in the order preview before a withdrawal order is completed. Coinberry purchases cryptocurrency at a discount as a large volume client, then re-sells it at the advertised price, profiting https://forex-review.net/ from the spreads that are price differences. In order to cover mining fees, they charge withdrawals for the following crypto currencies. Coinbase is the largest cryptocurrency exchange in North America, compared to Coinberry which is only available in Canada.

Should you make a large trade, Coinberry can source liquidity from one of their partners. They will include the same logos and branding, same layout and text. It’s easy to fall victim to these types of scams because of how well they can resemble the look of the real exchange. Coinberry has an average 3.6-star rating on Trustpilot and 47% excellent reviews. Our deposit via Interac e-Transfer took five minutes to be deposited into our Coinberry account. According to our research, Coinberry is a safe and reliable exchange.

Before an order is confirmed, Coinberry will show the estimated fee that goes to the exchange. This implies that Coinberry collaborates with Canadian Schedule banks to assist them in complying with Canadian regulations. They can accomplish this by storing business and client funds in separate accounts. This guarantees that if the company’s bank accounts are ever blocked, the money of its consumers is unaffected.

coinberry reviews

Crypto Funding – You can even fund your account by sending Ethereum or Bitcoin to it from an external wallet. Click the “Fund” tab at the top of your account, followed by “Fund Account”. Once you pick a crypto, you’ll get a non-static coinberry review address that self-destructs after use. Scan the QR code or copy/paste the address with your wallet, then verify the funds in your Activity Feed. Buy Bitcoin in Minutes – As mentioned, it only takes a few minutes to join Coinberry.

Hence, you cannot make third party transfers into or out of your account. You can also add a referral code if you were referred to the site by a friend. The exchange does offer a referral rewards program where you can earn $20 for inviting friends to sign up, but only once they trade $50. If you have decided that you would like to give Coinberry a try then you will need to create an account.

Apps

The first thing that stands out on Coinberry’s website is its advertising of 0% deposit fees, 0% withdrawal fees and 0.5% trading fees – very transparent. Coinberry also operates multi-signature wallets in cold storage. Coinberry Pay is the simplest Bitcoin payment processing solution created for Merchants, Charities, Municipalities and Individuals looking to accept Bitcoin payments or donations. Get paid in Bitcoin, immediately convert into Canadian dollars and deposit into your bank account.

It was reported that the independent financial audit had been successfully finished in January 2019. 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.

Shakepay and Coinberry are two very similar platforms, as they’re both aimed at customers who are purchasing Bitcoin for the first time. Both systems aim to provide a user-friendly interface for those unfamiliar with Bitcoin trading. However, because of the BRD integration, Coinberry may be better if you want to manage your Bitcoin private keys.

Why Coinberry

Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. If this is the future of digital currencies, then we are in trouble.