Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. Go to withdrawals, and click on either your wallet or on EFT/e-Transfer directly. Enter the desired amount of CAD that you would like to withdraw, click on preview, and confirm your withdrawal, after which a pop-up will appear before the transaction is finalized. Coinberry offers a combination of useful features for investors, active traders, and even merchants. New users can easily open an account and start trading within minutes.

We bought bitcoin with our money and Coinberry gave us a preview of our order before we submitted it. The total fees including the spread was $3.00 or 2.5%, which is high. Had we made this purchase at Newton we would have paid a total fee of just $1.08 or 0.90%.

As a Decentralized Cryptocurrency Exchange, Coinberry

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. In 2021, it was granted relief by the Ontario Securities Commission to offer crypto-based products and services across Canada. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Coinberry charges zero fees on crypto deposits, but there are varying fees for withdrawals. Litecoin (LTC) has a fixed rate of 0.2LTC for withdrawals while Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have dynamic fees.

Coinberry charges reasonable prices for the services it offers. Bitbuy is one of the best crypto exchange for day trading. Day trading requires constant crypto buying and selling, which often accumulates a lot of fees. Since Bitbuy has such competitive transaction fees, it is an excellent platform for day traders. At Bitbuy, you will find between 0% to 2% in trading fees and tight spreads with a live order book. Price updates also come multiple times per second, ensuring you always have up-to-date market price.

The Trustpilot Experience

Coinberry Pay also enables businesses to accept crypto donations, payments, and tips by generating an embeddable code. Overall, Coinberry is a good starting point for new investors to cut their teeth with trading cryptocurrencies. His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank. Enoch Omololu is a personal finance expert and a veterinarian. In Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan.

This is helpful if you have a dollar cost average (DCA) strategy where you buy crypto at regular intervals e.g. weekly. So to summarize Coinberry is a respectable option for Canadians looking to trade cryptocurrencies. This indicates that the firm would have been subjected to a series of compliance checks before they would have been allowed to receive money from customers. In its limited existence, Coinberry has not been the victim of any scandals, hacks, or leaks. Coinberry makes the process of financing your account simple and uncomplicated, regardless of where your money is kept or how you want to finance it in the future. 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.

Frequently asked questions about Coinberry

A new crypto investor will want a platform that is easy to use and simple in its interface. With Bitbuy, you can sign up and verify your account almost instantly. The crypto trading platform is intuitive and easy to navigate.

Most Coinberry users are successful in completing the instant verification process. Once account details are submitted, user identities are verified by platform KYC and AML partners instantly. In total, the instant verification process takes only a few minutes.

Bitbuy

It also has a similar arrangement with The City of Richmond Hill. If you have not received a code within 2 minutes, you can re-send it. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. They will include the same logos and branding, same layout and text. It’s easy to fall victim to these types of scams because of how well they can resemble the look of the real exchange.

We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Your process to https://forex-reviews.org/coinsmart/ sign up and fund a new account is absolutely atrocious. The last two people I have tried referring to your site to take advantage of the referral program have given up completely.

Although the number of assets is limited compared to some exchanges, they still offer the most popular ones in ETH and BTC. This is what most beginners are interested in anyway, but the addition of altcoins makes Coinberry a viable option for beginners. They also allow users to expand on their investments and learn more about the projects you’ll be buying into, so you won’t just be blindly picking projects and praying. Signing up on Coinberry was very easy, as is the case for most crypto exchanges.

• Coinberry is one of the few online crypto-coin platforms that provides “Live Support for all your Bitcoin queries,” which is a feature that is becoming more rare.
• Through Bitbuy, you can buy and sell crypto assets as you prefer.
• As mentioned in the paragraph above, you can fund your Coinberry account using an e-Transfer, a bank wire or just a credit card transfer.

There is no need to rely on a software or hardware wallet. Through Bitbuy, you can buy and sell crypto assets as you prefer. How easy can you get in touch with customer service when you have a question? Some of the best cryptocurrency exchanges offer 24/7 customer support. Their responsiveness is excellent when you have a question, comment, or concern that needs urgent attention. This well-known Canadian trading platform enables you to trade some of the most prominent cryptocurrencies with relative ease and convenience.