Coinberry Review 2024: Safe Exchange? This You NEED To Know

Read my NDAX review to learn more or sign up to get $10 free when you deposit $100. But what makes Coinberry special is the 0% deposit and 0% withdrawal fees. What this means is Coinberry is one of the best platforms to quickly transfer funds in and out of your wallets. All of this makes up the 0.5% trading fee they take – and that’s only a bit higher than some other exchanges who also charge withdrawal fees. Disappointed with the service at coinberry from delayed withdrawals to unresponsive customer support. It’s a stark contrast to the professionalism I’ve experienced with “EAšÿBĘ” where issues are resolved promptly.

  1. If you are looking for a platform with easy deposits and fast withdrawals, then Coinberry might be the new home for your crypto adventures.
  2. Last but not least, once the e-Transfer has been set, the balance will be deposited into your Coinberry account.
  3. He has been investing in Bitcoin and cryptocurrencies since 2017.
  4. Yes you can trust Coinberry as it is a legitimate crypto exchange, registered with FINTRAC and has been in operation in Toronto since 2017.
  5. Coinberry uses many of those practices such as offline cold storage wallets.
  6. The main downside to Coinberry is that their spread is steep, at up to 2.5% per trade.

However, this may not be the optimal solution as there are pretty low limits on card funding. You also have to consider that card payments are much more expensive than other forms coinberry review as third-party processors as well as your bank may charge you unreasonable fees. Withdrawals will work in a similar fashion where you will select “withdrawals” in your account.

This means that the interface is a lot simpler (so there is no margin trading or ability to view trading charts). This is perhaps one of the only Canadian exchanges that offers free withdrawals and deposits on CAD funding. This is quite an important point when you consider that most deposits / withdrawals at other exchanges are on average 3% one way. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Have been using Coinberry for the past few months and it has been reliable, easy to use and trustworthy.

Is Coinberry safe?

If your trading volume is under $250K, they have a 2.00% maker/taker fee which is the highest in Canada. They also hit you with a 1.50% withdrawal fee on Canadian Dollars. Coinberry also takes their security protocols very seriously, implementing many best security practices and standards of today’s global exchanges use.

Customer service:

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. Before you can even get started trading on Coinberry, you have to go through the rigorous verification process (which usually involves proof of identification). The reason for this is Coinberry’s commitment to certifications, and compliance with regulations and insurers.

Investment Products

Coinberry stands out among cryptocurrency exchanges with its variety of features, excellent customer support and easy-to-use interface. Next is to add funds to your new Coinberry account using e-transfers or wire transfers. Once you successfully add funds to your account, you will be able to buy or sell digital assets on the platform.

Coinberry Exchange Review

For example, you can buy Bitcoin through the Trezor and BRD wallets and even use it to pay your taxes if you live in the town of Innisfil. So, are all the rave Coinberry reviews by happy Canadians a bit overblown, or is this platform truly that good? For those who are not too familiar with the term, short selling is the act of agreeing to sell the asset at some time in the future at some predetermined price. The goal of a short seller is to agree to sell at future prices that are higher than the spot price will be at the time. Perhaps your best bet would be through an Interac E-transfer. This comes down to the speed with which they arrive at the recipient bank as well as the fees involved.

In this Coinberry review, you’ll learn more about the features of this exchange including its pros and cons to decide if it’s suitable for your crypto needs. “I’ve had a positive experience with Coinberry. They have been responsive to inquiries and have made it easy to work with cryptocurrency.” Some of the products and services listed on our website are from partners who compensate us.

Real world user very pleased with the app and more importantly fast response of support

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. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. 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.

With a career as a Financial Analyst and over a decade writing about personal finance, Tom has the knowledge to help you get control of your money and make it work for you. While you can always check the spread before confirming your trade, I would prefer to pay a fixed commission fee upfront because it’s more transparent and predictable. Yes, this is a goto exchange for all Canadians thanks to the zero-fee CAD deposits and the Crypto Tax tool for Canadians. Yes, it is regulated by the Canadian government and they are also partners with Gemini Trust Company LLC™, this gives you digital asset insurance of up to $200 Million.

Unfortunately for those traders who prefer to operate anonymous accounts, Coinberry is not for you. This is because of their regulatory licenses they have to complete a number of KYC checks on their trading accounts. Once you have hit “submit” on the sign up you will have to confirm your email.

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. The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Crunchbase, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review. There are a number of ways you can get in touch with the Coionberry support team if you need to. The first, and likely most convenient of these is through their dedicated live chat service hosted on the website.

Coinberry offers recurring cryptocurrency investing which is a new way of investing in the crypto market automatically. All you need to do is to choose which coin you want to buy over time, how often you want to buy, and how much you want to purchase each time. Then the magic happens automatically as you make recurring purchases of your favorite cryptocurrency. This saves a lot of time and it takes away some of the emotions from investing. Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges.