Coinberry Cryptocurrency Exchange Review

Of course it goes without saying that he uses the Hardbacon app so that he can manage all of his finances from one convenient place. Founded in 2017, Coinberry is a Canadian-based exchange that many say operates more like a retailer than anything else. It’s based in Toronto and started out as a Bitcoin automated teller machine service. Exchanges allow you to trade with other investors, but Coinberry only allows you to buy or sell assets directly with them. If you’re a beginner and are interested in buying crypto for the first time, Coinberry is as solid an option as any other. Its main advantages are charging no fees on deposits or withdrawals and offering valuable tools for automating the purchase of cryptocurrencies.

  • This form will be sent off to the Coinberry customer support staff where it will be reviewed and you will be contacted back with a solution.
  • The public at large has a generally favorable opinion of Coinberry.
  • He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.
  • We are continuously working on a solution that will enable full service for all the tokens on the platform.

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. At this point, you’re technically a registered member on Coinberry, but you can’t buy or sell crypto until you’ve gone through the verification process. Alternatively, you can fund your account through an external crypto wallet, but this only works for Ether and Bitcoin.

Assets held by Coinberry are not eligible for Canadian Investor Protection Fund coverage. Along with Coinsquare and Bitbuy, Coinberry is probably Canada’s most famous crypto exchange and trading platform. During the previous five years, the company has positioned itself as an excellent marketplace for new investors, thanks to its simplicity and well-thought-out trading interface. Coinberry is a popular Canadian online exchange platform that allows users to buy and sell Bitcoin, Ether, and a variety of other popular cryptocurrencies.

What Crypto Can I Buy and Sell with Coinberry?

If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada. All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. We recommend CoinSmart or NDAX as alternatives to Coinberry.

coinberry reviews

3)Coinberry has a mobile app available for iOS and Android so you can trade whenever and wherever you are. The app is very user-friendly and intuitive, so it is great for beginners. Coinberry does not offer a charting interface for active traders. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process. If you are considering using Coinberry, you can also check out other Coinberry alternatives to also trade in cryptocurrencies. Coinberry is also active on most social media channels and you can follow the company on any of these channels to know about latest product updates, offers or even answering your queries.

Crypto Coins on Coinberry

We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.

coinberry reviews

Coinberry buys below the market rates and sells above the market rates, unlike peer-to-peer exchanges. Unless a post is clearly marked “Sponsored”, however, products mentioned in editorial articles and reviews are based on the author’s subjective assessment of their value to readers, not compensation. Tom Drake is the owner and head writer of the award-winning MapleMoney. With a career as a Financial Analyst and over a decade writing about personal finance, Tom has the knowledge to help you get control of your money and make it work for you. While you can always check the spread before confirming your trade, I would prefer to pay a fixed commission fee upfront because it’s more transparent and predictable.

I deposited 55000CAD via wire to my Coinberry account, they received my funds conveniently from my Biggar bank but refused to add the money to my account. Coinberry bills itself as “Canada’s first federally registered commission-free crypto trading platform. This is a service that allows you to get paid for goods or services directly into your Coinberry account, when the bitcoin arrives in your account, Coinberry https://broker-review.org/ will automatically convert it into CAD. This is very easy to set up, Coinberry will give you a custom link that allows people to pay or donate directly to you. However, for more experienced traders, Coinberry may not be suitable, as there is a limited range of only 18 cryptocurrencies, and no advanced trading tools. If you are a serious trader, you may find that Binance is the exchange for you.

left to invest Hardbacon

We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms.

Your clear instructions, simplicity of use and speed of transactions have really helped me to gain some confidence in online financial dealings. 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. In this case, they might delay the process by a day or two. Although Coinberry is very secure and has never been hacked since its establishment in 2017, there is always a small chance of it occurring.

Coinberry Fiat Withdrawal Fees

You can either do a QR scan of your Coinberry wallet’s address or click on the Copy Address button and then paste it into the recipient field on your other wallet to send the necessary funds. Coinberry prides itself on having “no hidden fees,” and that’s, for the most part, true. The problem is that the company charges spreads or margins instead of classic fees, so your quoted price may end up changing by the time your order completes. Coinberry Pay also lets you set up donations and tips, and the funds can easily be converted into Canadian dollars and deposited into your bank account. Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions.

Frequently Asked Questions about CoinBerry

This is perfect for newcomers to crypto who want to jump in while crypto is on an upward trend. You don’t want to wait 2 days for verification, while the price skyrockets. Let’s find out what services are offered by Coinberry, to make it such a popular crypto exchange in Canada. Yes, it is regulated by the Canadian government and they are also partners with Gemini Trust Company LLC™, this gives you digital asset insurance of up to $200 Million.

Coinberry is a Canadian cryptocurrency exchange that allows users to buy and sell digital currencies in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar and Dogecoin. He decided to review different crypto exchanges that operate in Canada in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. Coinberry describes itself as a trading platform rather than an exchange. When using Coinberry, you are buying and selling from them directly, rather than other individuals like yourself.

Coinberry’s asset storage is handled via industry-standard cold storage. Users can acquire cryptocurrencies using a variety of financing ways, such as wire transfer, e-transfer, and debit and credit card choices. Coinberry is a fantastic choice for coinberry review making initial crypto buys in Canada for individuals who want to utilize Canadian dollars without worrying about conversion rates. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry.

We bought bitcoin with our money and Coinberry gave us a preview of our order before we submitted it. The total fees including the spread was $3.00 or 2.5%, which is high. Had we made this purchase at Newton we would have paid a total fee of just $1.08 or 0.90%.

admin
Author: admin