Coinberry Review 2024: A Place to Trade Crypto in Canada

Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. Coinberry supports over 24 cryptocurrencies, but some notable assets are missing.

It is registered with FINTRAC and complies with all strict KYC/AML and reporting obligations. Coinberry has a lot of good points going for it, but there are a few downsides of this crypto exchange. If you want to read about these disadvantages in a bit more detail, you can click on the respective jump links below. 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 perfectly suited for beginners.

The platform also has a high level of security, which can be beneficial for users that are trading in lots of cryptocurrencies with different levels of market value. Also, while Coinberry doesn’t charge deposit or withdrawal fees, NDAX charges a withdrawal fee of $4.99 CAD. NDAX also charges a trading fee of 0.20% plus a spread fee of 0.40%. Newton is another popular Canadian crypto exchange that offers similar services as Coinberry.

1. Coinberry offers a simple buy and sell interface which makes investing in the crypto markets incredibly hassle-free.
2. Listing more cryptocurrencies are the easiest way for the exchange to increase trading volume and generate more revenue.
3. You will first need to go through the KYC process and prove your identity.
4. It’ll take you just minutes to sign up and buy bitcoin and other cryptocurrencies, starting with as little as $50 CAD.
5. Before you can even get started trading on Coinberry, you have to go through the rigorous verification process (which usually involves proof of identification).

After some time, centralized exchanges started charging crazy fees to their users. We also think that although the trading platform was designed for beginner traders, it lacks any other advanced features and functionality. They should consider adding a slightly more “advanced” secondary platform for those users who would like to trade in a more professional manner. Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges.

Coinberry has no compliance or customer…

I will continue to use the site to buy crypto but hope you will change and allow transfer to Ledger on more brands of crypto. Following a supposed scheduled platform update, all access to my assets has been lost. They sent an email to reset password but once the password has been changed, I still can’t access my account. This is definitely a fraud attempt to steal honest Canadian citizens money.

Coinberry is an Awesome Site

If you’re interested in earning passive income from your crypto holding, you can earn up to 11% APY by staking DOT, SOL, ETH, or ADA. Coinberry also takes their security protocols very seriously, implementing many best security practices and standards of today’s global exchanges use. Coinberry stores all the information on their users in Canadian based servers and never off-shore. Coinberry also uses third-party audits regularly to keep their security systems and protocols up to date with the latest practices. On the user side of things, Coinberry allows you to set up your own 2 factor authentication (2FA) where you’ll need your phone number or Google Authenticator to sign in to your Coinberry account.

Coinberry Pay

Coinberry offers a web app and mobile app on iOS and Google Play which is easy for anyone to use. They’ve teamed up with Ledger Vault to safeguard assets with top-tier security measures, ensuring peace of mind with cold storage solutions. NDAX’s track record is solid, with no security breaches since its inception, maintaining a safe trading environment. With Coinberry, you’re able to deposit with many payment methods but the best one is through Interac-eTransfers where you can almost instantly get your funds on the exchange to be traded. Customer relationship is absolute trash stay away at all costs or you will lose your money with this crap company.

The fiat account is a great feature and it is a very good onramp for new investors who are not used to blockchain transactions. The common goal of the team and company behind this project, Coinberry Limited, was to create an intuitive platform that is robust, secure, and also very easy to use. 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 allows users to trade cryptocurrencies through its mobile app or web platform.

Why won’t you give me my money????

You will need to provide a government-issued ID, a selfie, and proof of address in order to trade with Coinberry. This is perhaps one of the only Canadian exchanges that offers free withdrawals and deposits on CAD funding. This is quite an important point when you consider that most deposits / withdrawals at other exchanges are on average 3% one way. Coinberry also operates multi-signature wallets in cold storage. Coinberry has a mobile app available for both Android and iOS users, with a simple and intuitive interface. Users can also buy and sell crypto directly from the app, as well as send and receive crypto payments.

The platform uses cold storage to store funds, which means it stores them offline on software that isn’t connected to the internet. You can trade on Coinberry without paying any commission fee. The platform does not charge any fees on deposits or withdrawals from your account. This includes major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), which are the most popular digital assets on the market today. Coinberry is a cryptocurrency exchange that supports a wide range of digital currencies. Although it started with a few cryptocurrencies, the platform now supports 35+ different cryptocurrencies.

For those of you who would like to buy / sell crypto on the go, you will be happy to know that Coinberry has their very own mobile app that is available in both Android and iOS. Something that we found quite unique about the Coinberry platform was the ability to short sell an asset. We have not seen https://broker-review.org/ this functionality on any other Canadian exchange. Once you click continue, you will get a confirmation message letting you know that the withdrawal will be process within three hours to two business days. However, this may not be the optimal solution as there are pretty low limits on card funding.

Coinberry uses institutional grade protection for their crypto assets, partnered with Gemini Trust Company, so you do not need to worry about security issues. Whether you’re trading stocks or cryptocurrency, fees can take a bite out of your returns if you’re not careful. You can buy and sell as many as 19 cryptocurrencies with Coinberry, more than most Canadian exchanges.

Coinberry Registration & Verification

Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Whether products shown are available coinberry review to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. Coinberry offers a solid collection of 38 different cryptocurrencies at the time of writing this article.

Trust

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.