With AutoPilot, you can effortlessly make regular purchases of crypto, reducing the impact of price volatility. AutoPilot, the feature that puts you in control of your crypto purchases on Coinberry. And enabling you to make informed investment decisions.
Coinberry is a licensed and regulated crypto platform and must comply with KYC laws. One of its standout features is its beginner-friendly user interface, making it a great choice for first-time crypto investors. Coinberry has partnered with Gemini Trust Company LLC™, a renowned digital asset custodian known for its unrivaled levels of regulation, security, and compliance. When it comes to safeguarding your crypto assets, you want nothing short of top-notch protection.
Supported Coins
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. For enhanced security and protection, it is recommended to enable Google Authenticator on your mobile device. To begin your Coinberry journey, look no further than the upper right-hand corner of the platform’s page.
Over the last 3 years, we put every Canadian platform to the test across 60+ features each. To get these numbers, we bought Bitcoin on 18 platforms at the same time and compared it to Google’s BTC price as a reference. While Coinberry and Bitbuy are safe platforms, Canada has dozens of choices. Based on my tests, Coinberry charges a total fee of 2.44% to buy Bitcoin (11th overall) and a Bitcoin spread of 4.19% (ranking 18th). While Coinberry and Bitbuy are both safe platforms, they are very expensive. To compare, NDAX had a total BTC purchase fee 0.49% (1st place), Coinbase was 4.54% (17th place), and Crypto.com was 1.68% (9th place).
App Walkthrough
Once your account is open, you can deposit and withdraw funds from your Canadian bank account. They are also considered safe because they are OSC regulated, registered with FINTRAC, and owned by a publicly traded company. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated.
- Coinberry recently delisted 5 coins so there are only 25 cryptocurrencies available now.
- Like most crypto exchanges in Canada, Coinbase goes to great lengths to protect its customers’ privacy and the security of their crypto.
- Whether you’re trading stocks or cryptocurrency, fees can take a bite out of your returns if you’re not careful.
- Financial grooming/romance scams.
Coinberry provides a custodial wallet where traders can store and transfer cryptocurrencies. For crypto withdrawals, the fees are fixed. The main drawback when it comes to security is the inability to withdraw most cryptocurrencies. Overall, Coinberry is considered a safe cryptocurrency exchange in Canada. While there are no trading fees, the actual fees are in the spread (more on this below). They were acquired by WonderFi in 2022, who also owns Bitbuy, another Canadian cryptocurrency exchange.
- In addition to its user-friendly approach, Coinberry has made notable strides in building partnerships and expanding its reach.
- Coinberry, a reputable exchange, understands the importance of offering a diverse selection of assets.
- The main drawback when it comes to security is the inability to withdraw most cryptocurrencies.
- A referred account must be verified and trade at least $50 before both you and the person you refer receive $20.
- He has been investing in Bitcoin and cryptocurrencies since 2017.
Investors in crypto do not benefit from the same regulatory protections applicable to registered securities. Investors could lose their entire investment. Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance. Offerings and account features are subject to account eligibility. Go beyond the basics with more advanced crypto topics.
Need Bitcoin Support?
Here is a step-by-step guide to creating an account and completing verifications on Coinberry. Creating an account coinberry review and going through the verification process on Coinberry can seem like a daunting task. This innovative payment processing solution allows anyone to accept digital currencies as a form of payment.
Shakepay is another good alternative, but you can only buy and sell bitcoin and ethereum on their platform. They use offline cold storage to protect crypto assets and hold fiat currency with a chartered Canadian bank. Once received, the crypto can be converted to Canadian dollars and deposited into your bank account.
Canadian Dollar Deposits and Withdrawals
Unfortunately, Coinberry is winding down its operations and migrating users to Bitbuy. All of the recent reviews are complaints about hidden fees, slow withdrawals, and poor customer service. If your trading volume is under $250K, they have a 2.00% maker/taker fee which is the highest in Canada. With that being said, Coinberry is still a centralized crypto exchange and does not replace the need for a hardware wallet. Coinberry has put in place various security measures for user safety.
Everything you need to know about the fundamentals of crypto. Our interactive episodes keep you updated on crypto markets, blockchain basics, and how to use Fidelity Crypto®. From cold-vaulted storage and secure, monitored facilities to multi-layered protocols, your crypto is protected every step of the way.
Deposit Methods:
With the ability to send crypto and scan barcodes, Coinberry is pushing the boundaries of how we perceive and utilize our cryptocurrency funds. Available on both Android and iOS, this app is designed to make your cryptocurrency experience seamless and convenient. Enter your email address and set up a secure password, then click on create account and you’re all set to dive into the world of digital currency.
Coinberry aims to provide their services as a global digital institution of the future. Coinberry’s platform supports both desktop and mobile experiences across a suite of Web, iOS and Android applications. With a growing user base in the tens of thousands in Canada, they aim to deliver the best-in-class user experience. Coinberry is a FINTRAC-registered platform that allows its customers to buy and sell Bitcoin, Ethereum, Litecoin, XRP, Stellar and Bitcoin Cash. This exchange provides a quick and easy way to buy and learn more about Bitcoin. Always conduct your own research and consult with qualified professionals before making any financial decisions.
To view all FAQs, visit Fidelity Crypto® Help and access 24/7 virtual assistance, available in-app and online.
Phony investment managers. (AARP is pushing for state laws to regulate this type of ATM and protect consumers from scams.) Unlike the value of government-backed money, that of virtual currencies is driven entirely by supply and demand.
Baker says crypto-related romance scams are so lucrative that organized crime organizations kidnap people to work in call centers in places such as Cambodia and Myanmar. In reality, your cryptocurrency goes straight to the scammer, and you’re not going to see it again. They’ll ask you to send cryptocurrency to them by clicking on a link or using a QR code that supposedly belongs to the celebrity.
Coinberry Review 2025 – Canadas Best Crypto Exchange?
With Coinberry Pay, you have the freedom to embrace the benefits of cryptocurrency without the hassle. No more worrying about market volatility or holding onto crypto assets. Furthermore, Coinberry empowers users to delve deeper into the projects they’re investing in. Coinberry, a reputable exchange, understands the importance of offering a diverse selection of assets.
It also has many security measures (covered below). Deposits are free while withdrawals have a fixed fee of 1.50%. Buy Bitcoin and other major cryptos like, Ethereum, Litecoin, Bitcoin Cash, etc.
The fees range from 0% to 2.5% maximum and will vary depending on the asset and the market at the time you are trading. At Coinberry, you will find that a total of 8 cryptocurrencies are supported for trading. Any cash funds are stored in segregated accounts at top-tier banks, and the platform engages high-level encryption technology to protect your transactions and data while you trade through them. Coinberry is an increasingly popular Canadian cryptocurrency exchange.
