Although they have grown their selection, it is still a small range for those that are interested in diversifying their investments. If you looking for a cryptocurrency exchange with a lot more coins to choose from, you can check out Binancewith over 300+ coins, orKuCoin, with over 250+ coins. Coinberry has a very quick process when you open your account.
This means that account verification is required in order for users to begin depositing funds. No doubt one of the most important considerations for any cryptocurrency trader is customer support. This is especially true when you have more urgent queries that need to be addressed in a timely manner.
Coinberry can therefore set the buy and ask price themselves and this is how they make money. Coinberry is a Canadian digital asset trading platform that provides users the easiest and safest way to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Stellar in Canada. Assets held by Coinberry are not eligible for Canadian Investor Protection Fund coverage.
I am pleased with the trading platform
To get started, sign up here (the link automatically applies a $30 bonus after you verify your account and trade at least $50). If you are one of those folks looking to jump aboard meme coins like Dogecoin, Coinberry offers it as well. Next, choose your crypto from the list then enter the type of order you want and how much you want to buy. If choosing Interac, you will need to login to your online banking and send an e-transfer. Remember to include the reference number in the message box. Withdrawals depend on the network and to withdraw bitcoin to a private wallet takes only a few minutes but can take up to 10 minutes.
Based on my testing, Coinberry charges a total fee of 2.44% to buy Bitcoin, with a Bitcoin spread of 4.19% . They also use segregated banking, meaning that the company funds and customers’ funds are kept in individual accounts. If the company ever has its assets frozen, customers wouldn’t have to worry because it wouldn’t impact their accounts in any way. With that being said, Coinberry is an incredibly safe and secure option for any Canadians interested in crypto.
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 a cryptocurrency trading platform located in Toronto which permits users to buy and sell Bitcoin, Ethereum, and Litecoin. The company confirmed a collaboration with BRD bitcoin wallet in August of 2018. It stated that its independent financial audit had been completed effectively in January 2019.
Unfortunately, being a Canadian-focused marketplace, you can only make fiat deposits, withdrawals and conversions in Canadian dollars, and other currencies are not currently supported. This can be a godsend, considering the constant erratic shifts in the crypto markets. NDAX. A Canadian exchange with a reputation for its selection of digital assets, free deposits, and appealing referral program. This is a simple payment processing solution for merchants to accept cryptocurrency as a form of payment. Funds can be immediately converted into CAD and deposited into your bank account.
And thank you so much for taking the time to leave us this amazing review. We’re glad to hear that the quality of our product matched your expectations. Unacceptable for a withdrawl to take more than a few minutes in a market where time matters. coinberry review I want to buy BTC, transfer out and get into a stable coin asap. I could lose $100’s or even $1000’s just waiting on the withdrawl. Funds and while waiting for a reply I looked up the issue I had in the support option within the app.
Coinberry is insured, FINTRAC registered & PIPEDA compliant and is the only digital asset platform trusted by Canadian Government municipalities. 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. It has over 300+ cryptocurrencies, and many more trading markets, including derivatives. Coinberry has only 18 different cryptocurrencies currently on offer.
Coinberry’s attempt to steal my money.
For example, Coinberry has very limited options for coin coverage. Now that major players like Coinbase have added several Altcoins to their roster, Coinberry should at least be trading all of the top 10 coins from coin market cap. Listing more cryptocurrencies are the easiest way for the exchange to increase trading volume and generate more revenue. 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. If you would prefer to fund your account with your fiat then you have quite a few options.
Get paid in Bitcoin, immediately convert into Canadian dollars and deposit into your bank account. You get to keep more of your crypto because we have no CAD deposit fees and low withdrawal fees. They also offer over 100 of the most popular cryptocurrencies, if you want to buy altcoins including Binance , this is a great option. All you need to do is register with Binance and complete the KYC checks they have in place. For direct purchases, they partner with Simplex as a payment provider that also ensures your transactions remain safe and secure. It should take no more than a few minutes to complete your Stacks purchase with Binance.
Over 90% of their new members are automatically verified, allowing them to begin buying crypto within just minutes. 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. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada.
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.
- Coinberry review attempts to explain everything there is to know about it.
- Perhaps the cheapest and fastest way to fund your account will be through the use of cryptocurrency.
- Paying for a spread is nothing compared to some of the percentage-based fees you would be paying on other platforms, but the lack of assets sort of balances that out.
- Make sure to include your Coinberry Account Number in the message field of the e-Transfer.
- Every other exchange in the world has almost instantaneous withdrawals.
Please do not hesitate to contact us at if you have any concerns. If you have any question or doubt, just reach out to them, they respond in time and get an appropriate response. It is highly recommended for someone who want to engage on digital trade. This means the person could receive less crypto than what was initially displayed. A better solution would be to fix the rate during the buying or selling process which is common practice for other crypto brokers and instant-swap crypto platforms. Coinberry is a reputable and trustworthy FINTRAC licensed platform with a zero-tolerance policy against fraud, money laundering and terrorist financing.
They’ve been around since 2017 and feature 0% funding fees, a claim, not all crypto exchanges can make. In this Coinberry review, I’ll fill you in on all of their features, and let you know how they compare to the top cryptocurrency trading platforms. Toronto-based Coinberry offers a wide range of cryptocurrencies. The exchange is dedicated to making crypto accessible to Canadians. There are free deposits and fiat withdrawals but the trading fees are on the high side (up to 2.5%). You can buy crypto with an Interac e-Transfer or bank transfer, but not credit or debit cards.
This implies that users must first verify their accounts before they can begin depositing cash. One of the simplest methods to fill the Coinberry account is via E-Transfer . To start with, users will have to provide identity verification. Coinberry, like Expedia, employs its own algorithm to secure cryptocurrency rates from exchanges around the world. Get the latest exchange reviews, releases, and how-to guides on Bitcoin, cryptocurrency and more.
I would like to see some more coins added in the near future though. Hello Wanda, Thank you for taking the time to leave https://forex-reviews.org/ us a review. We are continuously working on a solution that will enable full service for all the tokens on the platform.
The material contained on this website is for informational purposes only and RankFi.com, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell investments nor is it to be construed as investment advice. RankFi.com is not a registered investment, legal or tax advisor or a broker/dealer.