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Coinberry review: The easy way to start trading crypto in Canada?

To see the full list of exchanges registered by the OSC, please visit their site here. Ensure the platform you choose is registered, fully licensed to operate, and has legitimacy. The Canadian crypto exchange must ensure your investments are safe and registered. A trusted, secure, and easy-to-use crypto exchange coinberry review platform. Visit the Canadian Securities Administrators’ website for a list of crypto asset trading platform decisions in other jurisdictions. Crypto Wallet – An external wallet is a mobile app or computer program that you can download and use as a personal bank account to access your crypto coins.

  • Bitbuy is one of Canada’s most dependable platforms for purchasing and selling cryptocurrencies.
  • 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.
  • However, some withdrawals take up to 1.5 business days to go through if they are particularly large or if there are security concerns during verification.
  • 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.

I didn’t have any issues with it myself and was verified within 30 minutes or so, The manual verification can take 24-hours or longer. I used my driver’s license and the automated process recognized my details easily. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry.

Cryptocurrencies Available

Withdrawals depend on the network and to withdraw bitcoin to a private wallet takes only a few minutes but can take up to 10 minutes. With Coinberry, you can set up autotrading where your desired order will execute automatically on the days and times you specify. This is helpful if you have a dollar cost average strategy where you buy crypto at regular intervals e.g. weekly. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.

coinberry review

Bitbuy is an experienced crypto exchange that has processed over $6 billion transactions for over 400,000 Canadian consumers. According to the Ontario Securities Commission , it is a Registered Marketplace and Investment Dealer. This distinguished status indicates it is a trusted crypto exchange that offers deep liquidity on all order sizes.

Top crypto platforms in Canada

If a referral link is utilized during the registration process for Coinberry, the user will instantly get a bonus. “Very easy to use fast trades could use a better exchange rate as other are considerable amount less.” We have prepared a list of positive and negative sides for our readers to easily determine whether they want to work with this exchange.

This ensures that the vast majority of the users’ assets that are stored on Coinberry have an additional layer of protection and are kept as far away from hackers as is physically feasible. There is no need to provide a password or answer a security question. 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. On the exchange, you may trade cryptocurrencies such as Bitcoin, Ethereum, and others. The Bitcoin ATM service was the first product that the Toronto-based company offered when it began in 2017. Coinberry Pay is the simplest Bitcoin payment processing solution that is currently available.

coinberry review

In addition to Coinberry, you can buy and sell crypto using platforms like Coinsmart, Netcoins, and Wealthsimple Crypto. It supports popular coins like Bitcoin, Ethereum, Stellar, Ripple, Cardano, and several others. The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site.

Coinberry Wallet

The price displayed before confirmation includes the spread and any fees charged by the liquidity sources. 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. We recommend CoinSmart or NDAX as alternatives to Coinberry. Customers can message the Coinberry support team online or via email. It offers 24/7 support and a helpful FAQ section on the website.

coinberry review

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 would highly not recommend to work with this scam company. And if i would meet this people in reality i would spit in their face. They know how to take your money but they refuse your withdrawal request.

Coins are offered on market rate plus an exchange fee, similar to how traditional currency exchanges work with fiat money. Most Coinberry withdrawals are processed within 15 minutes. However, some withdrawals take up to 1.5 business days to go through if they are particularly large or if there are security concerns during verification. Wire Transfer – You can also send Coinberry a wire transfer in CAD.

Thinking about investing in Bitcoin but not sure where to start? When users fund their Coinberry account with ETH or BTC, the provided wallet address is not static. However, Coinberry can offer clients competitive fees and fast transaction times through its network of liquidity providers.

Coinberry has no compliance or customer…

Any crypto exchange has the ability to freeze your account if they suspect suspicious behaviour such as trading larger amounts, or more frequently, than usual. Coinberry is a Canadian cryptocurrency exchange that is becoming more popular. In 2023, Bitbuy bought Coinberry, so it’s basically the same platform now. I transferred funds from my bank to Coinberry where I purchased Bitcoin. When I received the Bitcoin back from the third party and exchanged it for Canadian dollars Coinberry is not wanting to give me my money. Be aware everybody, if given the chance Coinberry will attempt to steal your money.

As was previously indicated, signing up with Coinberry simply takes a few moments of your time. After you have created your account, you will be able to immediately begin buying and selling cryptocurrency. Although Coinberry was developed in Canada and is considered to be one of the most user-friendly and secure cryptocurrency exchanges available, it operates more similarly to a Bitcoin shop. Their spread as well as any fees that may be levied, by the payment processors are shown on the website before the purchase is confirmed.

They’re also partnered with the Gemini Trust Company, where their coins are kept in cold storage. These companies provide Coinberry with over $200 million in combined insurance coverage. Despite these security procedures, it’s best to keep a minimal amount of crypto funds in your Coinberry account in case of hacking or fraud. Coinberry is a highly regulated, compliant, and insured digital asset platform. Users have peace of mind knowing that their funds are well protected.

Coinberry Customer support

Get access to multiple fiat currencies and advanced trading tools. Coinberry appears to be a legitimate company that is registered with the Financial Transactions and Reports and Analysis Centre of Canada as a Money Service Business. If you are one of those folks looking to jump aboard meme coins like Dogecoin, Coinberry offers it as well.



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