Coinberry Review 2025: Pros & Cons

Nor does it allow investors from any other part of the world outside Canada. We hope you liked this article, please if you did, don’t forget to share this useful article with your friends who are also interested in cryptocurrency. Both Coinberry and NDAX are registered with FINTRAC as a Money Services Business (MSB) and are fully compliant with the Canadian anti-money laundering regulations (AML). You can then choose from any of their supported currencies and place an order for it.

After the e-Transfer has been successfully configured, the remaining amount will thereafter be transferred into the account you have established with Coinberry. Coinberry gives its users the ability to get their bitcoin out of their account at any time. To withdraw money, all that is required is the address of the wallet you use. One of the digital currencies that is now being used and accepted is bitcoin. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability.

They’ve teamed up with Ledger Vault to safeguard assets with top-tier security measures, ensuring peace of mind with cold storage solutions. NDAX’s track record is solid, with no security breaches since its inception, maintaining a safe trading environment. Bitbuy stands out as the best Coinberry substitute, especially since existing Coinberry users have been automatically transferred to this platform. Bitbuy offers a secure and convenient trading experience with an emphasis on regulatory compliance, just like Coinberry. CoinSmart’s trading fees are just 0.2% and they offer the ability to trade crypto to crypto pairs without having to sell to Bitcoin or Ethereum first. Some people have written reviews of Coinberry stating that their accounts have been blocked.

Deposit & Withdrawal

• If you want to trade altcoins, crypto futures and more without KYC, BYDFi is one of the top apps we found.
• The step is to fill up the message area with your Coinberry account number, choose the amount you want to send, and then click the “Send” button.
• 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.
• While Coinberry and Bitbuy are safe platforms, Canada has dozens of choices.

Your wallet address is permanent, so you can keep it and use it again and again. 2 Products with instant approval have a provisional decision within 60 seconds. The credit provider’s final decision is made at their coinberry review discretion, subject to decisioning criteria. We aim to maintain accurate product information, but details may change at providers‘ discretion. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before applying.

Company Security Features

These include through Interac e-Transfer, Credit Card and Wire Transfer. Below are the limits as well as processing times for these respective methods. 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.

See how Coinberry Compares with Other Canadian Crypto Exchanges:

All the contents in our website has to be considered as general market information, and not to be taken as investment advice. Information found in this website are to be used at your own risk, Skrumble will be not liable for any loss or profit that derivates from the use of those. Coinberry is a very safe cryptocurrency exchange for Canadian residents.

What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. 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. Coinberry offers a web app and mobile app on iOS and Google Play which is easy for anyone to use. Buy Bitcoin and other major cryptos like, Ethereum, Litecoin, Bitcoin Cash, etc.

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. After some time, centralized exchanges started charging crazy fees to their users. From the dashboard, you can view your portfolio, access simple charting, and manage your referrals. While Coinberry doesn’t offer many advanced features, this simplicity makes it an ideal choice for beginner traders who want an easy-to-navigate platform without overwhelming options.

With a short verification process, it makes it simple to buy, sell, and exchange crypto using CAD. There are no fees to deposit or withdraw CAD, and trading fees are reflected in the spread, making it simple for newbies to figure out how much each coin costs. Coinberry is an excellent digital asset trading platform that offers a healthy variety of cryptocurrencies and simple but highly functional mobile and web apps. Founded in 2017, Coinberry operates cryptocurrency trading platform as well as the Coinberry Pay payment processing solution. Coinberry is the safest and quickest way to buy, sell and accept payments in Bitcoin and other cryptocurrencies in Canada.

However, NDAX slightly edges it out with its support for more cryptocurrencies and lower fees to buy crypto. When it comes to security, both platforms have several layers of protection in place including two-factor authentication, cold storage wallets and offline backups of user funds. In contrast, Newton supports 70+ cryptocurrencies including Bitcoin, Ethereum, Litecoin and Ripple. Meaning, you have more choice in the available crypto asset to trade on Newton. The company was founded in 2018 and has quickly established itself as one of Canada’s most reputable crypto exchanges. As a crypto investor, you need to know all the fees involved when you use a cryptocurrency exchange.

They’ve been around since 2017 and feature 0% funding fees, a claim, not all crypto exchanges can make. In this Coinberry review, I’ll fill you in on all of their features, and let you know how they compare to the top cryptocurrency trading platforms. It might be the best cryptocurrency exchange in Canada for beginners, although fans of Newton would have something to say about that. Shakepay is another good alternative, but you can only buy and sell bitcoin and ethereum on their platform. The main downside to Coinberry is that their spread is steep, at up to 2.5% per trade.

Credit Cards

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.

Verify Your Account

If you’re interested in earning passive income from your crypto holding, you can earn up to 11% APY by staking DOT, SOL, ETH, or ADA. For these reasons, while Coinberry is a solid option, we recommend exploring other Canadian exchanges like Bitbuy or Binance for a better overall experience. However, there are some people who have had trouble withdrawing assets. We deposited $120 into our Coinberry account, and since deposits are free, the full amount was available in our account. Coinberry does not offer any additional features such as staking or Visa cards.

Coinberry account management refers to the various activities that can be performed with a Coinberry account. These include creating a new account, logging in to an existing account, viewing account details, changing account settings, and closing an account. Each of these tasks can be completed through the Coinberry website or mobile app. Our analysis of this exchange revealed that, Coinberry security is ensured through a combination of blockchain technology and two-factor authentication. By storing all user data on a secure blockchain, Coinberry is able to keep user information safe and inaccessible to anyone other than the user themselves. In addition, Coinberry requires users to provide a two-factor authentication code in order to log in, providing an extra layer of security.

• In our experience, we submitted a support ticket and received a helpful response within minutes, demonstrating the potential for reliable assistance.
• Something else that you may have to consider with Coinberry is that they are the „Market Maker“ for the coins.
• Coinberry provides 24/7 customer support, accessible through online messaging or email.
• Some customers have complained about long wait times for customer service support, while others have praised the company’s quick response times.
• Coinberry was the first digital currency platform to partner with a Municipal Government for Bitcoin tax payment processing in Canada.

Some exchanges emphasize security, while others put an emphasis on what you can trade with their platform. Because users are only able to purchase and sell assets using Canadian dollars on the platform, it functions more similarly to a brokerage than it does an exchange. The reason for this is because users are unable to exchange crypto assets with anybody else outside Coinberry. This ensures that the customers’ money will remain untouched in the event that the company’s bank accounts are ever frozen for whatever reason.

Coinberry uses 2-Factor Authentication (2FA) for added security, so you’ll need to set that up as well, using SMS and your mobile phone. So to summarize Coinberry is a respectable option for Canadians looking to trade cryptocurrencies. Coinberry makes the process of financing your account simple and uncomplicated, regardless of where your money is kept or how you want to finance it in the future.