Based in Toronto, the Coinberry platform simplifies the process of buying and selling cryptocurrencies. New traders will find Coinberry’s easy-to-use interface and beginner-friendly platform ideal when it comes to trading. Coinberry plans to continue expanding its offerings to include new cryptocurrencies. This means that new cryptos will be added to the platform for users to buy, sell, and trade. Coinberry is committed to providing a user-friendly platform that is easy to use and offers a wide range of options for users. Adding new cryptos is one way that the company is working to meet the needs of its customers.

• Coinberry does not offer any additional features such as staking or Visa cards.
• The total fees, including the spread, came to $3.00, which equals a 2.5% fee—relatively high.
• Coinberry provides a secure online platform through which users can buy, sell, and store various cryptocurrencies.
• Coinberry offers a solid collection of 38 different cryptocurrencies at the time of writing this article.

Key Features of Coinberry

However, its Android app fares worse, with a 3.1-star rating from 1,000 reviews. We used this to buy Bitcoin, and Coinberry provided a preview of the order before submission. The total fees, including the spread, came to $3.00, which equals a 2.5% fee—relatively high. In comparison, had we made this purchase at Newton, we would have paid a total fee of just $1.08 or 0.90%, making Newton a significantly cheaper option. Additionally, Coinberry lets you accept crypto payments and tips through Coinberry Pay.

Coinberry provides 24/7 customer support, accessible through online messaging or email. The platform also features a helpful FAQ section on its website to address common questions. From the dashboard, you can view your portfolio, access simple charting, and manage your referrals. While Coinberry doesn’t offer many advanced features, this simplicity makes it an ideal choice for beginner traders who want an easy-to-navigate platform without overwhelming options. Coinberry provides robust security measures to protect users’ assets.

Trading Platform

Since this was completed I have heard nothing from them and I am still waiting to withdraw my cryptocurrencies. Meanwhile, I lost over $200 simply because I am unable to buy and sell by BTC and ETH in the account! They also don’t let you withdraw crypto to any wallet of your choice.

Can Coinberry Track where you Receive and Send Crypto?

Sometimes I have to log out and in a few times before i can use my funds and then same thing when I want to withdraw my crypto. 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. Our extensive analysis of the Canadian Crypto Exchanges doesn’t stop here. You can also read about one of its competitors Coinsquare here or our page with the best crypto exchanges for Canadians to have a better view of what is available in Canada. If you’re looking for a reliable and user-friendly platform to buy and sell cryptocurrencies in Canada, then Coinberry is definitely worth the shot. 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.

Can I trust Coinberry?

• Overall, the Coinberry trading platform is a good representation of the exchange in that it is user-friendly and efficient in its operation.
• You must convert all other currencies, including alternative coins to one of the four main currencies or to fiat currency (Canadian dollars) prior to withdrawal.
• This means that account verification is required in order for users to begin depositing funds.
• This is how the Canadian government was able to freeze accounts of the protestors during the “Freedom Convoy” earlier this year.
• In 2021, it was granted relief by the Ontario Securities Commission to offer crypto-based products and services across Canada.
• There are cheaper alternatives like Bitbuy or Binance, both of which offer lower fees, excellent security, and beginner-friendly platforms with a wider range of features.

To verify the legitimacy of Coinberry with 100% certainty, it’s essential to consult official regulatory websites overseeing the company’s operations. However, we can provide some key indicators based on several performance metrics to help assess the company’s trustworthiness and safety. Coinberry has demonstrated a lasting presence in the market, reflected in the long-standing activity of its domain. Such an extended tenure suggests the company’s stability and adaptability, as well as its efforts to build trust with clients and partners. This long-term presence may indicate experience and professionalism, contributing to its reputation within the industry. Understanding whether a company’s services are gaining or losing popularity is crucial for assessing its current standing and growth potential.

There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. We may receive compensation when you click on links to products we review. The cryptocurrency market is quickly expanding, and so Coinberry may have to figure out ways to differentiate itself from the many exchanges that are dominating the market today. Coinberry’s edge seems to be its emphasis on high security and regulatory compliance. Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges.

Funding and Withdrawal through Interac E-Transfer

Lastly, when it comes to your personal information, this is coinberry review OpenPGP protocol encrypted. PGP (Pretty Good Privacy) is an encryption program that provides cryptographic privacy and authentication for data communication. The first and most important of these has to be mobile two-factor authentication. With this enabled, you will need to confirm the account login through your mobile device. Coinberry servers will sync up with Google authenticator which will generate the unique login codes.

This means that when you use Coinberry, you’re buying and selling directly with the platform rather than other individuals. Coinberry sets the buy and ask prices themselves, and this is how they generate revenue. Toronto-based Coinberry offers a wide selection of cryptocurrencies, aiming to make crypto more accessible to Canadians. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money.

Should you make a large trade, Coinberry can source liquidity from one of their partners. Coinberry holds an average 3.6-star rating on Trustpilot, with 47% of reviews rated as excellent. Our deposit via Interac e-Transfer took five minutes to be deposited into our Coinberry account. Coinberry’s spread ranges from 0% to 2.5%, which is relatively high.

Why won’t you give me my money????

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. Safety is always an important consideration for anyone engaging with cryptocurrencies. This is particularly crucial in light of the historical occurrences involving the scam QuadrigaCX platform, which was the country’s largest exchange until its downfall in December 2018.

However, for more experienced traders, Coinberry may not be suitable; there is a limited range of only 37 cryptocurrencies, trading fees are 2%, and there are no advanced markets. If you are a serious trader, you may find that Binance is the exchange for you. It has over 600+ cryptocurrencies, and many more trading markets, including derivatives.

To get your wallet address, either scan the QR code or click the Copy Address button. Your wallet address is permanent, so you can keep it and use it again and again. Once your account has been activated, you can fund it using Interac e-Transfer Auto Deposit for up to $10,000 CAD (Higher limits are through a Wire transfer). There are four major funding channels on Coinberry, they include; Interac E-transfer, Wire Transfer, Crypto, Debit & Credit cards.