Once confirmed, you must add a secure phone number to enable 2-factor authentication and protect your account. You can also add a referral code if you were referred to the site by a friend. 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.
These cold storage wallets are also multi-signed, meaning internal executives are needed to be able to access your funds. This is another close contest, and it really depends on what your individual needs are. With Bitbuy, you can access market trades and place limit orders, whereas on Coinberry you can only buy crypto instantly from the exchange. However, with Coinberry you can set up recurring purchases, and accept BTC payments easily with Coinberry pay.
This is especially true when you have more urgent queries that need to be addressed in a timely manner. Something that is worth pointing out as well is that the “0% withdrawal” fees applies to the fiat withdrawals only. You will still have to pay an arbitrary miners fee on the withdrawal of crypto. 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. Taking a closer look at these trading fees, they are about in line with the execution fees charged at other Canadian exchanges.
As with a lot of exchanges, reasoning is mostly unknown, but usually it is due to suspicious activity or the user has not provided sufficient verification documents. In this situation, their compliance team will ask you to submit additional documents and manually review them. Click the “Fund” button at the top of your dashboard, select your preferred payment method, and follow the instructions. If you choose Interac e-Transfer, log in to your online banking and send the transfer, ensuring you include the reference number in the message box. From the dashboard, you can view your portfolio, access simple charting, and manage your referrals.
Coinberry Customer support
Unlike some of the competing exchanges, they have expanded their product offering to appeal to merchants who would like to accept crypto as a form of payment. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. The cryptocurrency market is quickly expanding, and so Coinberry may have to figure out ways to differentiate itself from the many exchanges that are dominating the market today.
If you want to trade altcoins, crypto futures and more without KYC, BYDFi is one of the top apps we found. Kraken Pro is fully regulated in Canada and offers 250+ cryptos, professional trading, and high liquidity. According to our test, Coinberry had a total BTC purchase fee of 2.44% (11th overall). The total BTC selling fee was 1.71% (10th overall) and the BTC spread was last place at 4.19% (18th overall). To compare, NDAX had a total BTC purchase fee 0.49% (1st place), Coinbase was 4.54% (17th place), and Crypto.com was 1.68% (9th place).
- These are the top 3 reasons why I recommend Coinberry to Canadian crypto investors.
- Also, it keeps the bulk of its crypto holdings in cold storage provided through Gemini, a regulated crypto exchange and custodian based in the USA.
- Are you trying to decide which crypto exchange you should use to buy and sell crypto?
- Coinberry previously offered Autopilot, which enabled users to set up recurring purchases, and Coinberry Pay, an easy way to receive cryptocurrency payments.
Discover Your Perfect Canadian Crypto Exchange!
It includes established digital currencies like Bitcoin, Ethereum, and Litecoin. Other options like Polkadot, Chainlink, Solana, and Cardano are also available on the CoinSmart crypto exchange. Coinbase Canada works similarly to its American counterpart nearly identical features. This American company cannot provide support for local bank accounts as payment methods.
Canadian dollar deposits and withdrawals
Many experts predict that banks & large financial institutions will join the Canadian crypto market due to high consumer demand. Their inauguration will bring forth revolutionary changes for all crypto exchanges in Canada. If you want to learn more before choosing any cryptocurrency exchange, you can have a look at my Bitbuy review (here) or Coinberry review (here). You may also enjoy our article on the best crypto exchanges for Canadians, which you can read here. If you want a quick way to compare some key information about the top exchanges, see my table below.
Bitbuy vs Coinberry Deposit Methods
Coinberry is a cryptocurrency exchange specifically tailored towards Canadian users. It supports some of the most popular cryptocurrencies as well as numerous altcoins. Since it was founded in 2017, Coinberry have developed coinberry review interesting features such as AutoPilot and Coinberry Pay, differentiating them from other crypto exchanges for Canadians.
App Walkthrough
This means that your coins are stored in an offline environment where they cannot be hacked or stolen. The exchange has been around for a while now, and they have built up a solid reputation as one of Canada’s best crypto exchanges. Coinberry is one of the best exchanges available in Canada because of their focus on security and an easy onboarding process for new users. By subscribing to all regulations and security protocols, Coinberry is a great option for anyone new to the space. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada. Some people have written reviews of Coinberry stating that their accounts have been blocked.
Many customers express satisfaction with Coinberry’s services, often highlighting the professionalism and helpfulness of the support team in addressing their needs. Customer feedback is mixed—while some users praise the support team’s responsiveness, others report unresolved issues. In our experience, we submitted a support ticket and received a helpful response within minutes, demonstrating the potential for reliable assistance. We signed up for every crypto exchange and brokerage so you don’t have to.
- Although this is true, Bitbuy’s range covers many of the most popular coins, so check which cryptocurrencies you want to buy before signing up to any exchange.
- This selection of investment products though has increased over time, and as mentioned, Coinberry is relatively new.
- NDAX is open to traders across the country with a quick orientation process.
- Coinberry offers an extremely easy-to-use cryptocurrency exchange specifically tailored towards a Canadian user base, with CAD being the main currency.
- The company has received official regulatory approval from the Ontario Securities Commission (OSC) in 2021.
While Coinberry has no deposit fees, a $50 trading deposit is required with each transaction. Their trading platform is powered by the best cloud security solutions, paired with world-class disaster recovery systems. This leading company prioritizes the confidentiality of their users with a privately maintained codebase. As the cryptocurrency sector matures, more regulations are expected in the future.
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. Once the payment has been confirmed it should be credited to your trading account within 3 hours. This will be followed by a final step that will ask you to confirm the withdrawal. Withdrawal times can vary depending on whether Coinberry has the required funds stored in their “hot wallet”. Withdrawals will work in a similar fashion where you will select “withdrawals” in your account.
The basic Kraken crypto exchange is ideal for beginners and casual investors to learn the ropes about the industry. The Kraken Pro is a sophisticated product with detailed insights and quantitative analysis into each crypto asset. Kraken currently boasts over 110 different cryptocurrencies in its offerings. Founded in 2017, Binance reported over 28.6 million users in 2021. Initially launched in Hong Kong, the trading platform relocated its headquarters to the Cayman Islands.