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Coinberry review: The easy way to start trading crypto in Canada?

This means Coinberry is now part of Bitbuy and isn’t taking new sign-ups. By using our referral link to sign up and depositing $250 in your account, you can receive a bonus of $50. Please note that the review content provided below is now outdated and is preserved solely for educational and historical reference.

“I’ve had a positive experience with Coinberry. They have been responsive to inquiries and have made it easy to work with cryptocurrency.” 1 The use of “featured”, “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on.

  1. The safest way to store your cryptocurrency is in your own personal wallet (either a soft wallet or a hardware wallet).
  2. NDAX had the lowest fee to buy Bitcoin with Canadian dollars (18 platforms tested).
  3. At Coinberry, you will find that a total of 8 cryptocurrencies are supported for trading.
  4. 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.
  5. According to their website, they employ fraud monitoring across their platform to guard against financial fraud, account takeovers, etc.
  6. Our main concerns are the potentially high trade fees and the lack of more advanced tools aimed at expert traders.

While Coinberry offers a user-friendly experience and strong security measures, it has room for improvement. It could expand its coin coverage to include more altcoins and consider adding more advanced features to its trading platform. Additionally, Coinberry could explore expanding its services globally or cross-continentally to cater to a wider market. Great customer service and I feel very great about their security as there are so many check points regarding transactions. Some may find annoying but a little inconvenience for peace of mind works for me.

You will also have to insert your password in order to properly authenticate the transaction. In order to get the address to which to send the funds you will need generate an address. You can do this in your account section under the “Fund Account” section. Here you will have to select “crypto” and then either BTC or ETH. Unfortunately for those traders who prefer to operate anonymous accounts, Coinberry is not for you. This is because of their regulatory licenses they have to complete a number of KYC checks on their trading accounts.

Speaking of stable banking, Coinberry has CDIC insured segregated banking. This means that Coinberry works with Canadian Schedule I banks that help them achieve compliance with Canada’s laws. One of the ways they do this is by keeping company funds and customer funds in completely different accounts. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. It would be even better if you allowed this, Stellar, Doge, etc.

In this section of our https://broker-review.org/ we highlight 6 special features that deserves extra attention. 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. Here we will take a closer look at this, and the variety of other features and capabilities that you can find when trading with Coinberry.

What Happened To Coinberry?

You’ll be asked to take a selfie while holding a piece of government-issued ID. This could be a driver’s license, passport, or other valid government ID. No, only people living in Canada are allowed to use the platform.

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I would like to see some more coins added in the near future though. I use Conberry since the initial release, and for me, it is – hands down – the easiest way to buy and sell crypto. I use a lot of crypto apps, and I wish the other apps can learn with the customer experience these guys deliver. Every other exchange in the world has almost instantaneous withdrawals. Only if you guys would get it together you would be competitive in this tough industry. I’ve found Coinberry to be very responsive to all my issues.

How Does Coinberry Compare to the Competition?

This is a must-have for any cryptocurrency exchange that wants to call itself safe. When trading on Coinberry you can rest assured that you are using a very safe exchange and your funds a fully coinberry review backed up. At Coinberry, you will find that a total of 8 cryptocurrencies are supported for trading. These are Bitcoin, Bitcoin Cash, Cardano, Dogecoin, Ethereum, Litecoin, Ripple, and Stellar.

Coinberry Fiat Withdrawal Fees

Coinberry implements military-grade encryption and keeps up to 97% of its coins in cold storage, which is one of the higher percentages we’ve seen. Coinberry has a spread of between 0 to 2.5%, which is quite high. The spread can also be affected by the liquidity of an asset. The higher the liquidity and volume of a cryptocurrency, the smaller the spread. Well, if you are looking for an entry-level exchange with low fees, strong security and a reputable management team then it could be for you.

Coinberry has no compliance or customer…

You can instantly fund your account with up to $50,000 by Visa Debit, Interac eTransfer, transferring from another Wealthsimple account, or by linking an external Canadian bank account. Unacceptable for a withdrawl to take more than a few minutes in a market where time matters. I want to buy BTC, transfer out and get into a stable coin asap.

Coinberry Review 2024: A Place to Trade Crypto in Canada

Stay away if you don’t want to loose any capital investment. With 25 cryptocurrencies available, Coinberry gives Canadians a great choice of coins. After 30+ reviews, NDAX is the best crypto exchange in Canada. With the payment methods of debit cards, wire transfers and Interac-Transfer, buying Crypto is streamlined for Canadians. But even with these fees at NDAX, you ‘ll likely end up paying less to buy crypto on its platform compared to the up to 2.50% spread charged by Coinberry.

Namely, Tether, BNB and Solana, which are in the top 20 cryptos by market cap. In total, 7 of the top 20 cryptos are available on Coinberry. Coinbase also offers a much more extensive cryptocurrency selection, accepts more fiat currencies, and supports more payment methods. Coinberry prides itself on having “no hidden fees,” and that’s, for the most part, true.

We have signed up to numerous Canadian crypto exchanges and Coinberry asks the most questions related to employment, finances and investing. With Coinberry, you can set up autotrading where your desired order will execute automatically on the days and times you specify. This is helpful if you have a dollar cost average (DCA) strategy where you buy crypto at regular intervals e.g. weekly. WonderFi and Bitbuy, its parent company, took over all Coinberry client accounts in 2023.

So, are all the rave Coinberry reviews by happy Canadians a bit overblown, or is this platform truly that good? Sometimes scammers will ask you to send them crypto first in exchange for more valuable crypto in return. However, there are some people who have had trouble withdrawing assets. Coinberry has an average 3.6-star rating on Trustpilot and 47% excellent reviews. To buy crypto, simply fund your account by clicking the “fund” button at the top of your dashboard.

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