Let’s find out what services are offered by Coinberry, to make it such a popular crypto exchange in Canada. Similarly, unlike the margin trading platforms this is short selling with no leverage. You will have to put up the full cost of the position upfront in order to fund the position. If you are going to be funding with a wire transfer then you will need to take down the wiring instructions for the Coinberry bank account. However, this may not be the optimal solution as there are pretty low limits on card funding.

Deposits and Withdrawals

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. Some of the products and services listed on our website are from partners who compensate us.

• Coinberry is a simple and beginner-friendly platform, ideal for Canadians starting their crypto journey.
• The most important metrics include the total value of transactions, number of transactions, average transaction value, and the average time between transactions.
• The platform also offers an autotrading feature, allowing you to set up orders that execute automatically on specific days and times.

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. However, not all crypto investors require desktops for their trading. If you are one of those traders, you’ll be happy to learn that Coinberry’s trading platform is also available as an app for iPhone and Android users. 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.

Canadian dollar deposits and withdrawals

In comparison, had we made this purchase at Newton, we would have paid a total fee of just $1.08 or 0.90%, making Newton a significantly cheaper option. WonderFi and Bitbuy, its parent company, took over all Coinberry client accounts in 2023. This means Coinberry is now part of Bitbuy and isn’t taking new sign-ups. By using our referral link to sign up and depositing $250 in your account, you can receive a bonus of $50. Please note that the review content provided below is now outdated and is preserved solely for educational and historical reference. 2.5% is a hefty price to pay, much higher than the commission fee charged by other platforms.

They are making fast progress with the correct priorities in security, cost, and ease of use for you as a trader. 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. As we are not from Canada, we have not been able to obtain a picture of the purchase interface here.

Coinberry Fiat Withdrawal Fees

Unfortunately, being a Canadian-focused marketplace, you can only make fiat deposits, withdrawals and conversions in Canadian dollars, and other currencies are not currently supported. Coinberry Pay also lets you set up donations and tips, and the funds can easily be converted into Canadian dollars and deposited into your bank account. It offers over 35 different cryptocurrencies and several valuable tools for crypto investors to streamline the trading process. 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. Take your learning experience to the coinberry review next level and speak directly with one of our thought leaders.

Comparison Table of the Best Crypto Exchanges in Canada

• They are also backed by a form of insurance that protects against financial losses due to dishonest acts and unethical behavior from Coinberry employees.
• This Coinberry review covers its pros, cons, fees, insurance, referral program, and more.
• There’s not much difference between the desktop version of the platform and the Coinberry app.
• Coinberry is an excellent cryptocurrency exchange for Canadians who are new to the sector.
• In this situation, their compliance team will ask you to submit additional documents and manually review them.

Interac transfer, credit card, and bank wire are all available, though the bank wire carries a much higher minimum deposit. Yes you can trust Coinberry as it is a legitimate crypto exchange, registered with FINTRAC and has been in operation in Toronto since 2017. Coinberry uses institutional grade protection for their crypto assets, partnered with Gemini Trust Company, so you do not need to worry about security issues.

Coinberry Customer support

Digital Assets are protected by Gemini Trust Company LLC™, the most regulated, secure and compliant digital asset custodian in the world,  offering 200M in insurance coverage. 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. One criticism that I hear about Bitbuy is that it has a limited range of only 17 cryptocurrencies. 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. If you are after a greater choice of coins, Coinberry has 18, and if you want a huge choice, Binance (see review here) is an international exchange with over 600+ coins.

Coinberry simplifies the process of buying and selling cryptocurrencies for Canadian users. This is a simple payment processing solution for merchants to accept cryptocurrency as a form of payment. Funds can be immediately converted into CAD and deposited into your bank account.

Join the 1,500+ businesses that trust Bitbuy Corporate Solutions to add crypto to their balance sheet. For these reasons, while Coinberry is a solid option, we recommend exploring other Canadian exchanges like Bitbuy or Binance for a better overall experience. We deposited $120 into our Coinberry account, and since deposits are free, the full amount was available in our account.

Coinberry does not require users to have their own crypto wallet in order to use the service. Coinberry provides a secure online platform through which users can buy, sell, and store various cryptocurrencies. The platform also allows users to exchange their cryptocurrencies for Canadian dollars. As opposed to other popular crypto exchanges like Uphold and Coinbase, Coinberry has reliable customer service that can be reached by email. Our findings show that, Coinberry charges customers zero fees for deposit, 1.5% fees on withdrawals and a tiers structure for buying or selling cryptocurrencies.

However, Coinberry has some of the highest fees we’ve seen of any crypto exchange in Canada. Typical trading fees are just 0.2%, so keep this in mind if you wish to trade with Coinberry. DisclaimerThe information provided on Skrumble is for educational and informational purposes only and should not be considered financial or investment advice. Trading and investing in financial instruments—including but not limited to cryptocurrencies, tokens, CFDs, and other derivatives—carries a high level of risk.

Overall, Coinberry is one of the safest cryptocurrency exchanges in operation today. Coinberry users can buy and sell bitcoin and other crypto assets directly from their bank account. Headquartered in Toronto, Canada, Coinberry shares space with notable crypto projects such as Ethereum, Polymath, and Aion. There will also be a small mining fee depending on the crypto you trade as these network fees are not covered by the exchange. When it comes to deposits, there are no fees from the exchange side and a minimum deposit of just $50.