Coinberry Review 2023: Is It Safe and Regulated? Fees Explained

Coinberry Review 2023: Is It Safe and Regulated? Fees Explained

They accept electronic funds via bank wire transfers, credit/debit cards, or linked bank accounts. Coinberry is a Canadian cryptocurrency exchange founded in Toronto in 2017, giving its users access to 37 different coins. It is the safest and most secure FINTRAC-registered crypto exchange, so users can buy and sell with peace of mind.

Can I make transactions via a Coinberry app?

I got money within a 2 1/2 week period and was handled as well as anyone could have expected. After you have chosen a crypto, you will be given a non-static address that disappears after it has been used. Verify the money in your Activity Feed once you have either used your wallet to copy and paste the address. If you have a Canadian bank account, you may add Coinberry as a payee and then make them an electronic transfer from your bank account.

I tried to withdraw money from my…coinberry scam

Click the drop-down menu with the name of your bank in the top right corner. Coinberry uses a third-party app to facilitate this process. While the mission of Coinberry is to make crypto trading and investing available to everyone worldwide, it is currently only available to Canadian traders. Coinberry offers a solid collection of 38 different cryptocurrencies at the time of writing this article. The list includes everything from big-name cryptos such as Bitcoin, Cardano and Litecoin, to lesser-known ones such as Gala or Enjin Coin. Coinberry has partnered with several organizations and companies to improve its service and user experience.

You can also read about one of its competitors Coinsquare here or our page with the best crypto exchanges for Canadians to have a better view of what is available in Canada. Coinberry account management metrics track the performance of a user’s account on the platform. They are used to measure how well an account is performing and to identify areas where improvements can be made. The most important metrics include the total value of transactions, number of transactions, average transaction value, and the average time between transactions.

Coinberry Fiat Withdrawal Fees

Out of 20+ platforms we tried, NDAX had the #1 lowest fee to buy Bitcoin in Canada. Despite Coinberry being very new, I can see it being one of the best exchanges in the country. I like the the fact that they offer a referral bonus when you introduce others to their network. So to summarize Coinberry is a respectable option for Canadians looking to trade cryptocurrencies. The public at large has a generally favorable opinion of Coinberry. As was mentioned before, the platform operates in conjunction with the municipalities coinberry review of Richmond Hill and Innisfil.

Coinberry Review: Is It Worth It?

• Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years.
• Additionally, the platform is designed to efficiently onboard new users, check for fraudulent activity, and provide reports.
• Since it was founded in 2017, Coinberry have developed interesting features such as AutoPilot and Coinberry Pay, differentiating them from other crypto exchanges for Canadians.
• All information contained herein should be independently verified and confirmed.
• They are also completed covered by as much as $200 million in insurance on your held crypto-assets for which they partnered with the regulated custodian, Gemini Trust Company.
• Coinberry recently delisted 5 coins so there are only 25 cryptocurrencies available now.
• This may influence which products we compare and the pages they are listed on.

I was nervous and frustrated with my inability to log into my account and was ready to give up. I reached out to customer support and it turned out be an easy fix. What I consider exceptional about the support is how patient and knowledgeable they were. Within a short period of time and a lot of understanding on their part, I was up and running. I am much more confident now, heading into this new trading adventure thanks to their help. This Coinberry review covers its fees, insurance, pros, cons, and how it compares to Bitbuy, NDAX, and Coinsmart.

My Best Financial Tip: Pay Off Debt

• Coinberry is an excellent cryptocurrency exchange for Canadians who are new to the sector.
• 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.
• This Coinberry review covers its pros, cons, fees, insurance, referral program, and more.
• After the e-Transfer has been successfully configured, the remaining amount will thereafter be transferred into the account you have established with Coinberry.
• Trading is possible with Coinberry through both their desktop trading platform and their mobile app for trading on the move.

FINTRAC monitoring protects against fraud, money laundering, and transactions from or supporting terrorist organizations. Coinberry does have a presence on leading social media outlets, including Facebook, Instagram, and Twitter. In addition to reading online customer reviews, consider the information in this review thoroughly when deciding whether to open an account with this exchange service. Coinberry prides itself on having “no hidden fees,” and that’s, for the most part, true.

In 2019, Coinberry partnered with Municipal Governments in Canada for Bitcoin tax payment processing, making it the first and only digital currency platform to do so. Coinberry does not charge fees on deposits or Canadian dollar withdrawals, though they charge a small fee for crypto withdrawals. No fees give them an advantage on price over several other large crypto trading platforms. As a trader, you have peace of mind not having to worry about fees for moving fiat currency in and out of your account. Coinberry, a money service business is registered with FINTRAC and focused on blockchain and digital currency solutions. Founded in 2017, this crypto trading platform and exchange firm provides its Canadian users free access to the cryptocurrency market.

In this way, BTZ can be used to purchase cryptocurrencies and altcoins supported by Coinberry and transfer the money to start an account or make further deposits. Coinberry is a beginner-focused cryptocurrency exchange founded in 2017. Their goal, according to their website, is to “make it easy and secure to trade cryptocurrencies in Canada.” Great customer service and I feel very great about their security as there are so many check points regarding transactions.

The problem is that the company charges spreads or margins instead of classic fees, so your quoted price may end up changing by the time your order completes. There’s not much difference between the desktop version of the platform and the Coinberry app. The advantage of the web platform is that you can use a simple chart to visualize the price changes for your chosen cryptocurrencies. Customer relationship is absolute trash stay away at all costs or you will lose your money with this crap company.

It was a component of the very first Bitcoin payment made in Canada to pay property taxes. When you are in some locations throughout the globe, it might be difficult to convert your “fiat” money into bitcoin. In relation to the ongoing financial revolution, Canada has a high degree of adaptability. Coinberry has a user-friendly Help Center that doubles as an extensive Frequently Asked Concerns section, which will answer the vast majority of questions that may arise while using the platform.

This combined with fast account verification and a very smooth KYC process makes it a top-level platform to use. 2fa verification is of course an option to safeguard your account against immediate threats. If you are into app trading, Coinberry offers a great crypto trading app for all investors who wants to trade on the go. Coinberry is an excellent cryptocurrency exchange for Canadians who are new to the sector.