Once you’ve set up Autopilot, you can invest in cryptocurrency without having to monitor every market fluctuation. "I've had a positive experience with Coinberry. They have been responsive to inquiries and have made it easy to work with cryptocurrency." I've still yet to receive detailed responses from reps like precise numbers on what their spread is like but this user has put some color to it. I apologize if this reviewer is exaggerating but please less glamour and more info.

coinberry review

E-Transfer makes it easy to add funds to your account, and the process only requires a few simple steps to finish. After adding Coinberry as a recipient on your account, you will then be prompted to input the amount that you would want to deposit into your Coinberry account. It is essential that your Coinberry Account Number be included in the message area of the e-Transfer.

Price Alerts

We may receive compensation when you click on links to products we review. While Coinberry has limited cryptocurrencies listed for trading, Coinberry shines in many coinberry review areas to give peace of mind to investors. If you want to be more mobile or quickly access your funds, then Coinberry has their app for both IOS and Android.

As of the beginning of 2019, Coinberry is the first and leading cryptocurrency platform that has cooperated with municipal governments throughout Canada. A group of bitcoin and blockchain industry professionals got the business off the ground in July 2017 by launching it as an ATM company for bitcoin transactions. Evan Kuhn and Andrei Poliakov, who were also two of the company’s original founders, now serve as the company’s leaders. Check out our Coinberry review to learn all the details about this awesome crypto exchange. Right now you can take advantage of Coinberry‘s offer of $30 in crypto when you open a new account. This can be a godsend, considering the constant erratic shifts in the crypto markets.

coinberry review

Have been using Coinberry for the past few months and it has been reliable, easy to use and trustworthy. Security and verifications upon every sign in and transaction is excellent. Support staff promptly responds to all of my inquiries and have made my crypto experience less stressful knowing that I am supported by real people with close to real-time interactions via email. Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges. It is therefore quite refreshing to see the how prominently Coinberry displays their team members.

FTX Review

So to summarize Coinberry is a respectable option for Canadians looking to trade cryptocurrencies. 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. On the exchange, you may trade cryptocurrencies such as Bitcoin, Ethereum, and others.

They also don't let you withdraw crypto to any wallet of your choice. They ask you to provide details of the wallet destination and even a photo of the wallet! They have a list of 6-7 questions and are being very nosy wanting to know where you send your funds and why. 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.

  • BitGo Trust Company is the world’s first qualified custodian, purpose-built for storing digital assets.
  • We have never had rates over 10%, and have recently updated our algorithms to make our rates much better.
  • Coinberry also doesn’t support cryptocurrency deposits in all of their supported coins.
  • Coinberry Pay is the simplest Bitcoin payment processing solution created for Merchants, Charities, Municipalities and Individuals looking to accept Bitcoin payments or donations.

Yes, this is a goto exchange for all Canadians thanks to the zero-fee CAD deposits and the Crypto Tax tool for Canadians. This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security. The standout for Coinberry is the FINTRAC regulation that puts them a step ahead in terms of security and makes them a pillar of trust in the industry for Canadian traders. They are making fast progress with the correct priorities in security, cost, and ease of use for you as a trader. There are a number of ways you can get in touch with the Coionberry support team if you need to.

Exchanges

Essentially, the trader is hoping the price of the asset falls. If you select Credit Card or Debit Card you have to first connect your bank account to your Coinberry account for fraud prevention. Please take note that the wire must come from an account that is in the same name as you have been verified with. 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.

coinberry review

There are no CAD deposits or withdrawal fees, so nothing prevents potential traders from gaining immediate access. Coinberry works to exchange the fiat deposits of Canadian investors for crypto. One can start trading without fear and enjoy their services by completing the KYC procedure. Users can access all cryptocurrencies by purchasing Bitcoin, Ethereum, or another major coin using their Coinberry account and then withdrawing the cryptocurrency to an external wallet. Coinberry is the first pure-play crypto trading platform in Canada to be fully registered with the OSC. It was registered with FINTRAC before it was an industry requirement, and complies with all KYC and AML reporting obligations.

Coinberry Broker Complaint | 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.

If you are new to the crypto world, we'd recommend checking these best crypto exchanges in Canada. Before trading on a crypto exchange you must provide identity documents so Coinberry, canlink a wallet on the blockchain with someone’s identity. This information can easily be passed onto law enforcement if requested. 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%.

Support

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. They also provide several unique features that may be appealing. This selection https://broker-review.org/ of investment products though has increased over time, and as mentioned, Coinberry is relatively new. If you are looking for a secure platform that offers low fees at the same time and you only need to trade major cryptos for now, then they are still an excellent choice. Bitbuy and Coinberry are two of the best crypto exchanges in Canada and they have many features worth mentioning.

When using Coinberry, you are buying and selling from them directly, rather than other individuals like yourself. Coinberry can therefore set the buy and ask price themselves and this is how they make money. Most Coinberry users are successful in completing the instant verification process. Once account details are submitted, user identities are verified by platform KYC and AML partners instantly.

The Fortunly.com website does not include reviews of every single company offering loan products, nor does it cover all loan offers or types of financial products and services available. In this comprehensive review, we deeply analyze the Coinberry exchange, going over their fee structure security features, deposits and withdrawal methods and customer support. We also offer our thoughts on the best aspects of the exchange and ways we think it can improve. 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.

It has been in operation since 2017, serving more than 220,000 Canadians and reaching a trading volume of over $1 billion. It offers over 35 different cryptocurrencies and several valuable tools for crypto investors to streamline the trading process. Lastly, Coinberry has to think globally (or at least cross-continentally) if it hopes to become a dominant force in the market. Coinberry simplifies the process of buying and selling cryptocurrencies for Canadian users. If you are a Canadian, you are very lucky to have found Coinberry. This is a major advantage compared to other cryptocurrency exchanges in Canada and we highly recommend that you use this exchange when depositing with CAD.