Coinberry Review 2025: A Place to Trade Crypto in Canada

Perhaps this is something that the Coinberry team is planning on introducing at a later stage and we will keep our eyes on their news wires. In most cases though, the front line of security will start with the user. In order to help prevent any hacks or breaches to individual accounts on the client side, Coinberry also has a range of security tools.

• 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.
• For these reasons, while Coinberry is a solid option, we recommend exploring other Canadian exchanges like Bitbuy or Binance for a better overall experience.
• When it comes to security, both platforms have several layers of protection in place including two-factor authentication, cold storage wallets and offline backups of user funds.
• Our deposit via Interac e-Transfer took five minutes to be deposited into our Coinberry account.
• Unfortunately for those users who have LTC on hand, Coinberry has not built this into their funding functionality yet.

Fund Your Account with Cryptocurrency

If you already have BTC or ETH on hand and would like to fund your account then you can initiate a cryptocurrency transfer. Unfortunately for those users who have LTC on hand, Coinberry has not built this into their funding functionality yet. No doubt one of the most important considerations for any cryptocurrency trader is customer support. This is especially true when you have more urgent queries that need to be addressed in a timely manner. Coinberry is a Canadian cryptocurrency exchange that was developed in 2017 to make it easy for Canadians to purchase Bitcoin, Ethereum and Litecoin.

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. Additionally, Coinberry lets you accept crypto payments and tips through Coinberry Pay. You’ll receive a unique payment link, and any crypto deposited is automatically converted into Canadian dollars for convenience.

Business Finance

Furthermore, we are committed to continually improving our services to adapt to the changing demands of our clients, ensuring a better coinberry review experience for everyone who chooses Coinberry. Our goal is to not only meet but exceed your expectations as you navigate the world of digital assets. Coinberry aims to be one of the most secure crypto exchanges in Canada. With their streamlined sign up process, over 90% of the customers are able to be verified instantly. If any issues occur during a trade, Coinberry has a dedicated support team that will be able to help user trades execute properly. Additionally, Coinberry’s offline security approach ensures that no users data will be stored on servers outside of Canada.

Key to this is the fact that Coinberry is FINTRAC registered as a Money Service Business. Yes, Coinberry is a very safe exchange for Canadian users, with institutional grade crypto protection. Their digital assets are protected by Gemini Trust Company LLC™, the most regulated, secure and compliant digital asset custodian in the world, with $200 million in insurance coverage.

With free deposits and withdrawals and the ability to connect directly to your Canadian bank account, Coinberry makes buying crypto straightforward. It’s also fully compliant with Canadian regulations and offers strong security measures, making it a safe option. Coinberry is a beginner-focused cryptocurrency exchange founded in 2017. Their goal, according to their website, is to “make it easy and secure to trade cryptocurrencies in Canada.” Coinberry is a Toronto-based start-up focused on blockchain and digital currency solutions for the consumer and enterprise markets.

• 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.
• When you purchase Bitcoin or Ethereum using Canadian Dollars (the transaction must be priced at $50 or more all at once), you will be eligible for a referral bonus credit.
• However, they make up for this by not charging fees when you fund your account.
• Then choose “Settings”, then choose the button labelled “link your bank account”.

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You will have to put up the full cost of the position upfront in order to fund the position. The Coinberry short selling feature is really quite simple and allows for one click ordering. This makes it that much more beginner friendly than the short selling procedures that are available on more advanced margin trading platforms.

How Long Does it Take to Withdraw Coins?

Coinberry’s trading platform is more geared towards investors and beginning traders rather than more advanced day traders. This means that the interface is a lot simpler (so there is no margin trading or ability to view trading charts). 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.

Company details

This is the instantaneous purchase of crypto directly from Coinberry. 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”. In order to get the address to which to send the funds you will need generate an address. You can do this in your account section under the “Fund Account” section.

Customer Support

You will first need to go through the KYC process and prove your identity. Once your account is open, you can deposit and withdraw funds from your Canadian bank account. After participating in few short trade transactions, when I tried to withdraw the funds, an unexpected change in one character in the address made the funds lost. Coinberry said the transaction was completed, but with an invalid address BTC wouldn’t accept the transaction and the funds never would have moved from Coinberry.

Buy & sell crypto on Coinberry.

Coinberry previously offered Autopilot, which enabled users to set up recurring purchases, and Coinberry Pay, an easy way to receive cryptocurrency payments. Unfortunately, both of these features have been removed in the March 2023 update. Coinberry still has a referral program that rewards users for inviting friends, but the referral links only redirect traffic to the Bitbuy website. Coinberry offers e-transfers (under 30 minutes) and wire transfers (0-3 business days).

Their excuse is that it is being reviewed by the financial department. I ask you the other crypto investor should it take over a week to get a withdrawal finished?? Coinberry Pay allows customers to purchase products and services with Bitcoin (and other cryptocurrencies). This platform is created for merchants, charities, municipalities and Individuals looking to accept Bitcoin payments or donations.