This is a must-have for any cryptocurrency exchange that wants to call itself safe. When trading on Coinberry you can rest assured that you are using a very safe exchange and your funds a fully backed up. 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.

coinberry reviews

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. In November of 2017, it introduced its platform via the internet and simultaneously disabled all of the ATMs. Additionally, it was the very first time a digital asset platform in Canada collaborated with a local government in order to process Bitcoin payments for taxes. They also provide several unique features that may be appealing. They also use segregated banking, meaning that the company funds and customers’ funds are kept in individual accounts.

Coinberry review

In total, the instant verification process takes only a few minutes. However, if a new customer doesn’t pass the instant verification process, Coinberry coinberry review must review the Government-Issued Photo ID and the provided Proof of Address document. Coinberry has a quick and easy-to-use registration process.

  • Simply click the buy button and you can use the funds in your fiat wallet to purchase crypto.
  • The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time.
  • Coinberry also has a financial institution bond underwritten by Lloyds of London that covers as much as CAD$1 million per claim.
  • He started out with Coinbase, Kraken and Peer-to-Peer exchanges.
  • If you need to get in touch with their team, you can submit a request via email on their contact page.

Below is a shared list of the article sources used for this review. 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. But it’s really more fitting as a backup plan when you can’t purchase or sell crypto because you don’t have an access to your computer.

Before trading on a crypto exchange you must provide identity documents so Coinberry, canlink a wallet on the blockchain with someone’s identity. This information can easily be passed onto law enforcement if requested. Many customers feel happy with Coinberry’s service and professional help from the support team. A spread in trading is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to sell . For this step in the verification process, users will be required to submit a government-issued ID.

Deposit and Withdrawal Methods & Coinberry Fees

We have signed up to numerous Canadian crypto exchanges and Coinberry asks the most questions related to employment, finances and investing. Coinberry allows you to accept crypto payments and tips via Coinberry Pay. You’ll get a unique oay link and once the crypto is deposited it will automatically be converted to Canadian dollars. Buy and sell cryptocurrency with Canadian dollars on this beginner-friendly Canadian exchange. Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

It provides a mobile application that is simple to use and is accessible on the web, iOS, and Android devices for the purpose of changing regular cash into crypto and vice versa. Users of the Coinberry cryptocurrency trading platform are able to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The Coinberry platform allows users to trade cryptocurrencies. Coinberry is a Canadian cryptocurrency trading platform based in Toronto. It has been in operation since 2017, serving more than 220,000 Canadians and reaching a trading volume of over $1 billion. It offers over 35 different cryptocurrencies and several valuable tools for crypto investors to streamline the trading process.

We use dedicated people and clever technology to safeguard our platform. 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. I got money within a 2 1/2 week period and was handled as well as anyone could have expected. There are quite a few suggestions that users have given about how to improve the apps functionality which are all well received. It is highly encouraging to see that the Coinberry developers are “on the ball” and are quickly responding to these queries. They are also taking their suggestions into considerations as they push further updates to the app.

coinberry reviews

A group of bitcoin and blockchain industry professionals got the business off the ground in July 2017 by launching it as an ATM company for bitcoin transactions. Evan Kuhn and Andrei Poliakov, who were also two of the company’s original founders, now serve as the company’s leaders. Check out our Coinberry review to learn all the details about this awesome crypto exchange. The owner of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner 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.

My friend has been using coinberry for…

This means that Coinberry works with Canadian Schedule I banks that help them achieve compliance with Canada’s laws. One of the ways they do this is by keeping company funds and customer funds in completely different accounts. In this Coinberry review we will take a look at a growing cryptocurrency exchange based in Canada. We’re the only insured, OSC & FINTRAC registered, and PIPEDA-compliant crypto-trading platform trusted by Canadian municipalities. Coinberry seems to have some impressive licenses, especially in an industry where there are so many unregulated brokers and unlicensed platforms.

coinberry reviews

Coinberry is a cryptocurrency trading platform located in Toronto which permits users to buy and sell Bitcoin, Ethereum, and Litecoin. The company confirmed a collaboration with BRD bitcoin wallet in August of 2018. It stated that its independent financial audit had been completed effectively in January 2019. Coinberry is the first pure-play crypto trading platform in Canada to be fully registered with the OSC.

This implies that users must first verify their accounts before they can begin depositing cash. As a result of crypto price fluctuations, actual transaction fees might be higher or lower than what was quoted by the time an order executes. However, Coinberry can offer clients competitive fees and fast transaction times through its network of liquidity providers. However, this isn’t a necessary practice; each investor is different. Coinberry does integrate several security features to keep exchange-held funds safe. As a result, Coinberry is more aptly known as a centralized cryptocurrency exchange.

As a result, it has a stricter KYC protocol for registering new accounts. Coinberry allows you to exchange CAD for various coins and tokens. They also provide services such as investing and purchasing digital assets with credit cards. Overall, the Coinberry trading platform is a good representation of the exchange in that it is user-friendly and efficient in its operation. There will also be a small mining fee depending on the crypto you trade as these network fees are not covered by the exchange.

They have the bare minimum, including the options like Bitcoin, Ethereum, Litecoin and a few exotic variants. Frankly, you won’t likely need much more than that, but it’s always good to have a lot of options to choose from. I opened this account way way back when there were not many options but we’re finally getting more options in Canada and unless Coinberry ups there game they won’t be around too much longer. We have used the high end of this range as the value in our fee database. Nor does it allow investors from any other part of the world outside Canada.

Is Binance Still Legal in Canada?

Yes, the cryptocurrency holdings that Coinberry maintains are protected by insurance. E-Transfer makes it easy to add funds to your account, and the process only requires a few simple steps to finish. After adding Coinberry as a recipient on your account, you will then be prompted to input the amount that you would want to deposit into your Coinberry account.

Coinberry Reviews

I have been using Coinberry for many months now and I have had no issues with the transfer of money or coins. Very easy to use and the app keeps me informed with my account. We are thrilled that you loved your experience; our staff will definitely be happy to read what you wrote. We put customer experience and satisfaction as our priority, and your review reaffirms the hard work we put in every day!

If and when my BTC transfer FINALLY happens, I’m closing my account and moving to a different exchange. We’re sorry your experience didn’t match your expectations. It was an uncommon instance and we’ll do better in the future. This is a authentic company after having bad experiences with many I found Coinberry to be trustworthy and easy to deal with.