We have used the high end of this range as the value in our fee database. Nor does it allow investors from any other part of the world outside Canada. Coinberry is a licensed and regulated crypto platform and must comply with KYC laws. Creating an account and going through the verification process on Coinberry can seem like a daunting task. Here is a step-by-step guide to creating an account and completing verifications on Coinberry.
Coinberry Review 2025 – Canadas Best Crypto Exchange?
Don’t forget, you can even reach out to Coinberry via their lively social media accounts like Facebook or Twitter. Rest assured, Coinberry has your back with their friendly and accessible customer support. Shoot them a message on their website or email Their contact page is also available for specific queries. And for those routine questions, check out their FAQ page, covering everything from funding with e-Transfer to buying crypto with Canadian dollars. What sets Coinberry apart is its unique ability to short sell assets, which we haven’t seen on other Canadian exchanges. Such collaborations demonstrate the platform’s commitment to security and fostering a trustworthy environment for users.
Coinberry’s trading platform caters more to investors and beginner traders rather than advanced day traders. This means that the interface is designed to be simple and user-friendly, without complex features like margin trading or detailed trading charts. Once your account is verified, you’ll find easy-to-use buttons for buying and selling Bitcoin, Ethereum, or Litecoin, allowing for instant crypto purchases directly from Coinberry. Coinberry is considered to be one of the safest and most secure digital currency trading platforms in Canada. Andrei Poliakov co-founded Coinberry in 2017 with Evan Kuhn in order to meet the high demand for cryptocurrencies.
Financial
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. However, this may not be the optimal solution as there are pretty low limits on card funding. You also have to consider that card payments are much more expensive than other forms as third-party processors as well as your bank may charge you unreasonable fees. Something that we were quite surprised by is the fact that Coinberry uses unique one time addresses for those users who fund with crypto.
How do I fund a Coinberry account?
- However, this may not be the optimal solution as there are pretty low limits on card funding.
- Coinberry’s short selling feature is incredibly user-friendly, with one-click ordering, making it accessible even to beginners.
- The total BTC selling fee was 1.71% (10th overall) and the BTC spread was last place at 4.19% (18th overall).
- The ability to send crypto and scan the barcode as a uniquely mobile feature should help push Coinberry users to see their cryptocurrency funds as not just a store of value but also a medium of exchange.
They also self-promote as an inexpensive option, but that’s not the case. Based on my tests, Coinberry charges a coinberry review total fee of 2.44% to buy Bitcoin (11th overall) and a Bitcoin spread of 4.19% (ranking 18th). With that being said, Coinberry is still a centralized crypto exchange and does not replace the need for a hardware wallet. The main drawback when it comes to security is the inability to withdraw most cryptocurrencies.
Other Crypto Shops
There are a number of funding options which will vary based on individual deposit limits as well as processing time. 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.
- We also offer our thoughts on the best aspects of the exchange and ways we think it can improve.
- Coinberry also has a financial institution bond underwritten by Lloyds of London that covers as much as CAD$1 million per claim.
- Coinberry provides a custodial wallet where traders can store and transfer cryptocurrencies.
Services Offered on Exchange
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. Taking a closer look at these trading fees, they are about in line with the execution fees charged at other Canadian exchanges.
Bitbuy offers a secure and convenient trading experience with an emphasis on regulatory compliance, just like Coinberry. The spread is the mark-up or mark-down charged by the platform when you purchase a certain crypto here. So if the price of the relevant crypto is USD 100, and the spread is 1%, the buyer can buy the crypto on the trading platform for USD 101. The difference between the sell price and the purchase price (USD 1 in this case), goes to the trading platform. Short selling involves agreeing to sell an asset in the future at a predetermined price, with the aim of profiting from a potential decrease in its value.
Shortly afterward, Gates and Allen founded Microsoft, deriving the name from the words microcomputer and software. During the next few years, they refined BASIC and developed other programming languages. 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. The information provided here is general advice only and does not take into account your personal financial situation or needs.
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It features a user-friendly interface for trading over 50 cryptocurrencies, with a simple fee structure that uses a spread between the bid and ask price. This trading fee is tiered based on account type and ranges anywhere from 0.5%-2%. This selection 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. Lastly, Coinberry has to think globally (or at least cross-continentally) if it hopes to become a dominant force in the market. Unlike the website version, you can see a chart display for the price of BTC, ETH and LTC.
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. What sets NDAX apart is its exceptional support system, providing round-the-clock assistance through phone, chat, or email. 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.
In April 2019, Microsoft reached a trillion-dollar market cap, becoming the third public U.S. company to be valued at over $1 trillion. It has been criticized for its monopolistic practices, and the company’s software has been criticized for problems with ease of use, robustness, and security. Coinberry Autopilot makes it easy to set up cryptocurrency purchases on a daily, weekly, or monthly basis. This streamlines the investing experience and allows you to dollar cost average over time. Unlike some of the competing exchanges, they have expanded their product offering to appeal to merchants who would like to accept crypto as a form of payment. When it comes to cryptocurrency trading, customer support is undeniably crucial.
For those of you who want to buy or sell crypto on the go, you’re in for a treat with the Coinberry mobile app. Available on both Android and iOS, this app is designed to make your cryptocurrency experience seamless and convenient. The user interface is not only attractive but also simple and intuitive, allowing you to navigate with ease. When your customers pay you in cryptocurrency, Coinberry Pay seamlessly converts those payments into Canadian dollars (CAD), ready to be deposited into your Canadian bank account. No more worrying about market volatility or holding onto crypto assets. With Interac-Transfer, Coinberry has tapped into a service used by over 250 financial institutions in Canada, making it convenient and seamless for users to transfer funds securely.
