Verifying

Once you click continue, you will get a confirmation message letting you know that the withdrawal will be process within three hours to two business days. Please take note that the wire must come from an account that is in the same name as you have been verified with. Below are the limits as well as processing times for these respective methods.

Canaan and SynVista Energy Launch Sustainable Mining Initiative in Canada

This means that the buy / sell price may be higher / lower as it is on other exchange. PGP (Pretty Good Privacy) is an encryption program that provides cryptographic privacy and authentication for data communication. With this enabled, you will need to confirm the account login through your mobile device.

How Long Do Deposits Take?

Please be aware of the risks involved with any trading done in any financial market. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. They accepted my deposit in 15 minutes. CoinBerry is an Fantastic exchange app.

Company

Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges. If you already have BTC or ETH on hand and would like to fund your account then you can initiate a cryptocurrency transfer. Taking a closer look at these trading fees, they are about in line with the execution fees charged at other Canadian exchanges. The first thing that stands out on Coinberry’s website is its advertising of 0% deposit fees, 0% withdrawal fees and 0.5% trading fees – very transparent. You would also be surprised to know that Coinberry is one of only 2 crypto exchanges in Canada to successfully complete a financial statements audit from an independent third party.

Coinberry Registration & Verification

Their goal, according to their website, is to “make it easy and secure to trade cryptocurrencies in Canada.” WonderFi has made the decision to shut down Coinberry and migrate all new and existing users to the Bitbuy platform. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot.

Excellent customer service hero. Fast and efficient.Spread & fees are biggers than one would want but overall 4/5.Would recommand. This company has the worst customer service I have ever experienced.

We champion verified reviews

• If you select Credit Card or Debit Card (in the previous menu) you have to first connect your bank account to your Coinberry account for fraud prevention.
• Coinberry has no compliance or customer service.
• Overall, the Coinberry trading platform is a good representation of the exchange in that it is user-friendly and efficient in its operation.
• Deposits are free while withdrawals have a fixed fee of 1.50%.

On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. Scammers might claim there’s an issue with your account and try to trick you into sharing sensitive information like passwords. This is how the Canadian government was able to freeze accounts of the protestors during the “Freedom Convoy” earlier this year. If you are linked with criminal behaviour you may find your account frozen as well. Many customers express satisfaction with Coinberry’s services, often highlighting the professionalism and helpfulness of the support team in addressing their needs. Coinberry holds an average 3.6-star rating on Trustpilot, with 47% of reviews rated as excellent.

This ensures we understand your priorities and can recommend the best crypto exchange for your needs. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. Oleg is a Canadian citizen & crypto expert who has been trading since 2016. For these reasons, while Coinberry is a solid option, we recommend exploring other Canadian exchanges like Bitbuy or Binance for a better overall experience. There are cheaper alternatives like Bitbuy or Binance, both of which offer lower fees, excellent security, and beginner-friendly platforms with a wider range of features. Coinberry’s trading fees are among the highest, and it lacks advanced features, limiting users to basic trading.

The platform also features a helpful FAQ section on its website to address common questions. Once your account is funded, click the “Buy” button. However, its Android app fares worse, with a 3.1-star rating from 1,000 reviews.

Canadians can purchase crypto using Interac e-Transfer or bank transfers, but credit and debit cards are not accepted. Coinberry is a Canadian cryptocurrency exchange that has been gaining popularity. We earn commissions through referral links to crypto exchanges and products on this site. Many online reviews complain about Coinberry’s slow withdrawals and poor customer support. Coinberry has two deposit methods, E-Transfer and Wire Transfer and the same for withdrawals.

The Coinberry platform is well-suited for beginners, thanks to its simple and modern layout that provides a pleasant trading experience. Our deposit via Interac e-Transfer took five minutes to be deposited into our Coinberry account. We deposited $120 into our Coinberry account, and since deposits are free, the full amount was available in our account. Typical trading fees are just 0.2%, so keep this in mind if you wish to trade with Coinberry.

CoinSmart Crypto Exchange (now Bitbuy)

• The trading fees on Coinberry are based on the price spread at the time you place a trade and vary between 0% and 2.5%.
• Now my account is restricted and I can no longer access or see any of my assets.
• I am over 70 years old and this was my first time on a cryptocurrency platform.
• With free deposits and withdrawals and the ability to connect directly to your Canadian bank account, Coinberry makes buying crypto straightforward.

The difference between the sell price and the purchase price (USD 1 in this case), goes to the trading platform. The spread is the mark-up or mark-down charged by the platform when you purchase a certain crypto here. So if you’re not from Canada, and would like to engage in crypto trading, you will have to look elsewhere.

I do not like withdrawal fees and can only withdrawal particular crypto. Listing more cryptocurrencies are the easiest way for the exchange to increase trading volume and generate more revenue. If you select CAD and you do not have funds in your account already you must fund your account with E-transfer, Wire transfer or credit card.

In this comprehensive review, we deeply analyze the Coinberry exchange, going over their fee structure security features, deposits and withdrawal methods and customer support. However, the question remains coinberry review whether Coinberry can really compete in today’s crowded marketplace of crypto exchanges? In this Coinberry review we will take a look at a growing cryptocurrency exchange based in Canada. Between 74-89% of retail investor accounts lose money when trading CFDs. Overall, the Coinberry trading platform is a good representation of the exchange in that it is user-friendly and efficient in its operation. Again there are no fees from the exchange side for a withdrawal and the methods you have available are the same as you used to fund.

CoinBerry is an Fantastic exchange app

If your trading volume is under $250K, they have a 2.00% maker/taker fee which is the highest in Canada. The main drawback when it comes to security is the inability to withdraw most cryptocurrencies. They offer two-factor authentication and hold crypto in multisig cold storage with their custodian Bitgo, who is insured up to $250 million. Coinberry offers e-transfers (under 30 minutes) and wire transfers (0-3 business days). Coinberry recently delisted 5 coins so there are only 25 cryptocurrencies available now. Buy Bitcoin and other major cryptos like, Ethereum, Litecoin, Bitcoin Cash, etc.

Disappointed with the service at coinberry from delayed withdrawals to unresponsive customer support. I tried to withdraw money from my coinberry account & was told there was suspicious & illegal trading on the account. 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. Coinberry is a great exchange to use for first time cryptocurrency investors who reside in Canada.