Coinberry Review 2024: A Place to Trade Crypto in Canada

coinberry review

Coinberry is a popular Canadian online exchange platform that allows users to buy and sell Bitcoin, Ether, and a variety of other popular cryptocurrencies. For safety and security reasons, we cannot discuss these details here, but if you could please email us at a member of our customer support team would be happy to assist in resolving this for you. Trading is possible with Coinberry through both their desktop trading platform and their mobile app for trading on the move. Both mediums offer a trading platform that is easy to navigate and user-friendly, particularly suitable to those who are new in the sector. They also provide several unique features that may be appealing. I am over 70 years old and this was my first time on a cryptocurrency platform.

coinberry review

Coinberry Reviews

coinberry review

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Why Should You Buy Bitcoin with Coinberry

In addition, you have the ability to check out the current market price of any digital currency that is supported by Coinberry. Coinberry is also well-known for delivering top-level security, both online and offline, which ensures the confidentiality of your personal information and the safety of your financial transactions. The handling of tax payments makes advantage of this cooperative effort. Coinberry may be accessed via a variety of mediums, including mobile devices and the web. After passing the KYC process, one is free to start trading without worry and may take use of their services. 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.

Customer support is VERY friendly

There will also be a small mining fee depending on the crypto you trade as these network fees are not covered by the exchange. When it comes to deposits, there are no fees from the exchange side and a minimum deposit of just $50. Interac transfer, credit card, and bank wire are all available, though the bank wire carries a much higher minimum deposit.

How Long Does it Take to Withdraw Coins?

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I was nervous and frustrated with my inability to log into my account and was ready to give up. I reached out to customer support and it turned out be an easy fix. What I consider exceptional about the support is how patient and knowledgeable they were. Within a short period of time and a lot of understanding on their part, I was up and running.

Coinberry Mobile and Desktop app

It may take as little as one minute to sign up for a Coinberry account and make a purchase of Bitcoins using that account. The company is regulated by Canadian authorities, insured through a private custodian, and has helped over 220,000 Canadians make crypto investments in the past five years. «Very easy to use fast trades could use a better exchange rate as other are considerable amount less.» It is FREE to deposit cryptocurrency and CAD into Coinberry. I’ve found Coinberry to be very responsive to all my issues.

Fund Your Account – If Coinberry has been able to verify you using their instant ID process, they will activate your account within minutes, and you can deposit funds and begin trading. I’ll explain how to transfer funds in and out of your Coinberry account below. If Coinberry cannot verify you instantly, you’ll need to upload some additional documentation, like a utility bill. Yes, Coinberry is considered to be a very safe cryptocurrency exchange with several security layers that are mandatory for any top-level crypto platform. In Canada, you are taxing cryptocurrency just as any other “currency” and Coinberry has a complete tool for bitcoin and cryptocurrency tax info for Canadians.

Whether you’re trading stocks or cryptocurrency, fees can take a bite out of your returns if you’re not careful. 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. Coinberry is a fully insured and FINTRAC regulated cryptocurrency exchange based in Canada with the main office located at 100 Designers Walk Lane, Toronto, ON, M5R 1K6. This trusted platform with outstanding security features is a go-to place for thousands of Canadians when it comes to cryptocurrency investing.

Headquartered in Toronto, Canada, Coinberry shares space with notable crypto projects such as Ethereum, Polymath, and Aion. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. Some people have written reviews of Coinberry stating that their accounts have been blocked. As with a lot of exchanges, reasoning is mostly unknown, but usually it is due to suspicious activity or the user has not provided sufficient verification documents. In this situation, their compliance team will ask you to submit additional documents and manually review them.

Users have access to a wide number of financing options, including options to buy cryptocurrency by wire transfer as well as debit and credit card possibilities. Additionally, it was the very first time a digital asset platform in Canada collaborated with a local government in order to process Bitcoin payments for taxes. That entirely depends on what you need from your crypto marketplace.

  1. In addition to Coinberry, you can buy and sell crypto using platforms like Coinsmart, Netcoins, and Wealthsimple Crypto.
  2. Coinberry is a Canadian-based cryptocurrency exchange, which is similar to trading platforms like Newton and Shakepay.
  3. Users of the platform are able to operate without having to worry about their transactions being reported.
  4. 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.

Not only was Coinberry a prominent cryptocurrency exchange in Canada, but it was also among the first to be regulated. Featuring a modest selection of the top coins, quick deposits, and a streamlined sign-up process, Coinberry was ideal for beginners. If you’re bummed about the loss of yet coinberry review another Canadian crypto exchange, here are the best Coinberry alternatives to consider. The verification process at Coinberry is the same as other Canadian crypto exchanges. You will need to provide a government-issued ID, a selfie, and proof of address in order to trade with Coinberry.

coinberry review

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. RankFi.com is not a registered investment, legal or tax advisor or a broker/dealer. All content should be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment. We signed up for every crypto exchange and brokerage so you don’t have to.

Coinberry allows users to trade cryptocurrencies through its mobile app or web platform. You can add funds to your account using wire transfers and e-transfers. https://forexbroker-listing.com/ Free cryptocurrency deposits with CAD are a blessing for all Canadian investors who are looking for a cheap cryptocurrency exchange to use.

coinberry review

Coinberry is a simple and easy-to-use platform that is suitable for beginner traders. 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. It’s also fully compliant and has some of the best security we’ve seen. However, the trading fees are some of the highest out there. There are far cheaper alternatives that are also Canadian and beginner-friendly. While Coinberry offers popular cryptocurrencies, it is lacking in the features department as well.

All centralised exchanges, including Coinberry, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. You get to keep more of your crypto because we have no CAD deposit fees and low withdrawal fees. With 25 cryptocurrencies available, Coinberry gives Canadians a great choice of coins. Coinberry, on the other hand, may not be suited for more experienced traders due to its limited selection of only 18 cryptocurrencies and lack of advanced trading tools.

Below are the limits as well as processing times for these respective methods. Perhaps the cheapest and fastest way to fund your account will be through the use of cryptocurrency. Unfortunately for those traders who prefer to operate anonymous accounts, Coinberry is not for you.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. Prior to any of that, you can also check out the help center pages on their site. Here you will find good answers to some of the most common questions asked by other traders without needing to contact anyone.

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