Coinberry Review

The benefit of using Coinberry is the easy to navigate website, 0% CAD deposit and withdrawal costs and a $200 million insurance policy. However, its disadvantage include high trading fees up to 2.5%, limited number of cryptocurrencies and slow customer service. To buy, sell, send and receive cryptocurrency using Coinberry, users will need to create an account and be at least 18 years or older. There is no fees to create or maintain a Coinberry Exchange account or wallet.

  • Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
  • Coinberry is a Canadian digital currency exchange that provides a safe and secure platform to buy and sell 19 cryptocurrencies.
  • This Coinberry review covers its pros, cons, fees, insurance, referral program, and more.
  • We’re working hard to improve our platform, and have a number of updates on the roadmap to address things like this.
  • This means that they’ve gone through an abundance of requirement and certification checks before being able to receive money from clients.
  • Coinberry is a cryptocurrency trading platform located in Toronto which permits users to buy and sell Bitcoin, Ethereum, and Litecoin.

The next morning the support team sent me an email with the answer to my question. I thanked them and apologized for bothering them as I already found the solution in the well documented support pages. Resolve works on behalf of the government of Nova Scotia to service Nova Scotia direct student loans that are in repayment.

Bad platform for your investment and…

We do this by providing a free comparison service as well as product reviews from our editorial staff. Funding your account with e-Transfer is simple and can be completed in a few steps. First, you need to add Coinberry as a recipient, then, you need to enter the amount you would like to fund your Coinberry account with. Make sure to include your Coinberry Account Number in the message field of the e-Transfer. Last but not least, once the e-Transfer has been set, the balance will be deposited into your Coinberry account. Canadian exchange with the full value of its bitcoin cold storage holdings insured.

This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. The app was updated and I was forced to change my password. Now my account is restricted and I can no longer access or see any of my assets.

Coinberry has no controversies, hacks, or leaks in its brief history. Coinberry offers a mobile app for iOS and Android devices that can be downloaded from the respective app marketplaces. The coinberry review Coinberry app has similar features to the desktop version and can be used to verify identity, fund an account with CAD, buy and sell crypto, withdraw or transfer to another wallet address.

coinberry review

To see all the crypto-coins that Coinberry deals in, check out their platform, which is available on your computer via a web interface or as a mobile app for iPhone and Android. It only takes a $50 portion of Bitcoin and a few minutes of your time to create an account, acquire cryptocurrency and start mining or trading. Whether you’re trading stocks or cryptocurrency, fees can take a bite out of your returns if you’re not careful. You can buy and sell as many as 19 cryptocurrencies with Coinberry, more than most Canadian exchanges. Only two, however, can be used to fund your Coinberry account , and only four currencies can be directly withdrawn .

Eligibility and Application Process

Dynamic fees are set for BTC, ETH, and XRP, with calculations based on network activity. Coinberry offers a combination of useful features for investors, active traders, and even merchants. Coinberry is a Canadian cryptocurrency exchange platform with headquarters in Toronto.

For one, Cryptocurrency deposits made to Coinberry are routed to hierarchical wallets. Moreover, a MSB licence means that Coinberry will have to conduct regular KYC and make sure that all of the client accounts are above board. It also means that Coinberry will find it easier to get stable banking and payment processing solutions. In this Coinberry review we will take a look at a growing cryptocurrency exchange based in Canada. It supports popular coins like Bitcoin, Ethereum, Stellar, Ripple, Cardano, and several others. We’re the only insured, OSC & FINTRAC registered, and PIPEDA-compliant crypto-trading platform trusted by Canadian municipalities.

The exchange does offer a referral rewards program where you can earn $20 for inviting friends to sign up, but only once they trade $50. If you have decided that you would like to give Coinberry a try then you will need to create an account. Hit the “sign-up” button on the top right of the screen and you will be prompted for an email address as well as a password. The last port of call to get hold of the exchange is through their numerous social media accounts. masquerading as a company is acting more like a criminal enterprise. I don’t know if I will ever get my money out, sent, or transfered. Crypto would have never been successful if companies operated like 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.

What Happened To Coinberry?

Technical storage or access that is used exclusively for anonymous statistical purposes. While I don’t know for sure, I feel like Coinberry is going to do everything they can to add more alt coins to their available asset list throughout the year. Toju Ometoruwa is a Northeastern University alumni who is the co-founder of Pazima, a start-up that provides secure lending options for low-income workers. His passion is to empower communities across the African diaspora through the blockchain. Essentially, the trader is hoping the price of the asset falls.

coinberry review

This streamlines the investing experience and allows you to dollar cost average over time. Coinberry is insured, FINTRAC registered & PIPEDA compliant and is the only digital asset platform trusted by Canadian Government municipalities. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry. Cryptocurrency will be one of the main medium exchanges in the future. Our team сonstantly checks news & changes in the crypto world for Canadians.

Asset Coverage

I am contacting the RCMP authorities to alert them on this scam and I urge everyone to do the same to stop those criminals and bring them to justice. Put 25+ crypto coins in your portfolio with lots of options whether you’re new to crypto or you’ve been around the blockchain. Our digital tokens cover the whole gamut, from NFT marketplaces and the metaverse to the usual suspects – Bitcoin and Ethereum. With 25 cryptocurrencies available, Coinberry gives Canadians a great choice of coins. And we’re always adding digital currencies to our platform.

Coinberry Trading Fees

It’s easy to fall victim to these types of scams because of how well they can resemble the look of the real exchange. Coinberry has an average 3.6-star rating on Trustpilot and 47% excellent reviews. Our deposit via Interac e-Transfer took five minutes to be deposited into our Coinberry account. The company is regulated by Canadian authorities, insured through a private custodian, and has helped over 220,000 Canadians make crypto investments in the past five years. Privacy-wise, Coinberry requires all users to have a 2FA system set up and uses the latest in SSL/TSL encryption technology to protect all transactions on the site. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes.

This fee is built into the price you get from Coinberry so you can view this trading fee as a kind of spread that can change depending on the time. Furthermore, the actual fees can fluctuate during the purchasing process which is a major pitfall. The quoted price and executed price can vary during the transaction process.

Coinberry is a reputable and trustworthy FINTRAC licensed platform with a zero-tolerance policy against fraud, money laundering and terrorist financing. The exchange adheres to strict international KYC/AML processes to provide a safe platform. Coinberry offers institutional-grade protection with a 200 Million insurance policy by Gemini, which is a licensed licensed crypto custodian by the State of New York. Coinberry provides a custodial wallet where traders can store and transfer cryptocurrencies. However, they are in full control of the private keys, which can pose a risk if Coinberry experiences a hack or wants to lock your account for whatever reason. Many users on Trust Pilot are complaining about slow withdrawals and no communication from customer support.