While this isn’t a huge range of coins compared to some other exchanges, if you are only looking to invest in the main crypto assets, you will find them at Coinberry. Currently, Coinberry offers CAD deposits with Bank transfers, Interac e-transfer, Credit Cards, and cryptocurrency. The minimum deposit is $50, the minimum withdrawal limit is $100, and the maximum withdrawal limit is $50.000 for fiat withdrawals.
- Many online reviews complain about Coinberry’s slow withdrawals and poor customer support.
- I transferred funds from my bank to Coinberry where I purchased Bitcoin.
- Once your account is open, you can deposit and withdraw funds from your Canadian bank account.
- What I consider exceptional about the support is how patient and knowledgeable they were.
- With this Coinberry review, hopefully, you can now determine if it’s the right fit for your cryptocurrency trading.
These are some of Canada’s best known and most popular crypto exchanges. Again there are no fees from the exchange side for a withdrawal and the methods you have available are the same as you used to fund. You should just keep in mind that the minimum withdrawal here is $100. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner(s) of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this website are purely the author.
Key to this is the fact that Coinberry is FINTRAC registered as a Money Service Business. Coinberry has limited customer support options that its users can take advantage of. The first place that users should look if they are experiencing issues is the Coinberry help center. This is a page that has an extensive list of FAQs and solutions. If the issue is not listed in this section, there is a contact form at the bottom where you can go into specific detail about the issue.
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 https://broker-review.org/ to streamline the trading process. Coinberry offers Canadians a simple-to-use trading platform to purchase cryptocurrency. Simply send an Interac e-Transfer or a bank transfer and you can buy crypto in minutes.
Deposits are free while withdrawals have a fixed fee of 1.50%. Tailored for beginners, NDAX boasts a clean and simple interface, quick CAD transactions, modest fees of only 0.2%, and free deposits. You can fund your account by Interac e-Transfer and wire transfer.
Stole all my crypto from me
I highly suggest looking else where to purchse and move crypto. Your process to sign up and fund a new account is absolutely atrocious. The last two people I have tried referring to your site to take advantage of the referral program have given up completely. Enabling funding for your exchange is frustrating and not intuitive for a lot of people. I didn’t have any issue months ago with my account but evidently something has changed since then. I just got the app and was little confused and emailed support.
Final Thoughts on Coinberry Review
Perhaps this is something that the Coinberry team is planning on introducing at a later stage and we will keep our eyes on their news wires. Something else that you may have to consider with Coinberry is that they are the “Market Maker” for the coins. This means that they are the counter party to your trade and will hence make the price for you. coinberry review This means that the buy / sell price may be higher / lower as it is on other exchange. Taking a closer look at these trading fees, they are about in line with the execution fees charged at other Canadian exchanges. For example, they are slightly more than the 0.4% quick buy fees at Coinsquare but are slightly less than the trading fees at BitBuy.
The use of segregated bank accounts also helps reduce the time it takes to process withdrawals to just 1 day. Coinberry simplifies the process of buying and selling cryptocurrencies for Canadian users. A summary of Canada’s major cryptocurrency exchanges and brokers. To find Canada’s best crypto exchange, we tested each platform across 60+ features each.
This means that account verification is required in order for users to begin depositing funds. Of course, it is important to point out that there may be fees that your own financial institution will charge on the transaction. This is especially true if you choose to use your credit card to fund your account. You would also be surprised to know that Coinberry is one of only 2 crypto exchanges in Canada to successfully complete a financial statements audit from an independent third party. In this Coinberry review we will take a look at a growing cryptocurrency exchange based in Canada.
How to Sell Bitcoin in Canada?
The exchange was developed in 2017 by cofounders Andrei Poliakov and Evan Kuhn to reduce the learning curve for new cryptocurrency investors. Users can purchase cryptocurrencies on Coinberry with a credit card, wire transfer, or InteracTransfer. The exchange also has segregated banking, secure wallets, regular penetration tests, and customer support. Coinberry’s fee structure is transparent, with 0 deposit and withdrawal fees and a 0.5% trading fee.
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. Coinberry has two deposit methods, E-Transfer and Wire Transfer and the same for withdrawals. If you prefer, you’re also able to shoot them an email to their friendly support team anytime and they’ll get back to you as soon as possible. Their social media accounts like Facebook, Twitter or Instagram can be another way to reach them if you wish.
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. Once you have hit “submit” on the sign up you will have to confirm your email.
The list includes everything from big-name cryptos such as Bitcoin, Cardano and Litecoin, to lesser-known ones such as Gala or Enjin Coin. All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Additionally, Coinberry is registered with FINTRAC and is PIPEDA-compliant.
Coinberry is a well-known Canadian cryptocurrency exchange platform. Based in Toronto, the Coinberry platform simplifies the process of buying and selling cryptocurrencies. New traders will find Coinberry’s easy-to-use interface and beginner-friendly platform ideal when it comes to trading. Coinberry’s key features are 25 cryptocurrencies, free deposits, and beginner-friendly trading. They are also considered safe because they are OSC regulated, registered with FINTRAC, and owned by a publicly traded company.
Canada’s first regulated crypto-only trading platform, Coinberry, offers simple and straightforward crypto buying and selling. This can be a godsend, considering the constant erratic shifts in the crypto markets. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. Some people have written reviews of Coinberry stating that their accounts have been blocked. As with a lot of exchanges, reasoning is mostly unknown, but usually it is due to suspicious activity or the user has not provided sufficient verification documents.