Coinberry Reviews Read Customer Service Reviews of www coinberry.com

If you’re a Canadian interested in purchasing your first Bitcoin, check out Coinberry! This exchange provides a quick and easy way to buy and learn more about Bitcoin. Coinberry trading has been a great experience for me I wish they had a few more coins but all in all great platform and I enjoy trading with them. We do this by providing a free comparison service as well as product reviews from our editorial staff. Overall, Coinberry is a good starting point for new investors to cut their teeth with trading cryptocurrencies. There are ZERO fees charged for withdrawing CAD by e-Transfer or Wire transfer.

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With over a decade experience in financial services, he’s passionate about personal finance, investing and helping people take control of their financial life. With this Coinberry review, hopefully, you can now determine if it’s the right fit for your cryptocurrency trading. While both exchanges only charge spread fees, Coinberry charges a higher spread. Coinberry’s spread can be up to 2.50% while Newton’s spread fee usually range from 0.5% to 0.7%.

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• On the other hand, rather of putting money into your account, you use your card to purchase cryptocurrency right away.
• They also provide several unique features that may be appealing.
• Buy Bitcoin and other major cryptos like, Ethereum, Litecoin, Bitcoin Cash, etc.
• Customer relationship is absolute trash stay away at all costs or you will lose your money with this crap company.
• If any issues occur during a trade, Coinberry has a dedicated support team that will be able to help user trades execute properly.

Shakepay is another good alternative, but you can only buy and sell bitcoin and ethereum on their platform. The main downside to Coinberry is that their spread is steep, at up to 2.5% per trade. However, they make up for this by not charging fees when you fund your account.

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Took some time to verify my account after I made several deposits and withdrawals, but all smooth and a legitimate and fair company. Coinberry also offers excellent customer service with real agents you’re able to talk to on the phone if you have any problems. With Coinberry, you’re able to deposit with many payment methods but the best one is through Interac-eTransfers where you can almost instantly get your funds on the exchange to be traded. Coinberry is one of Canada’s largest Cryptocurrency exchanges for Canadians to buy, sell and trade crypto on.

Canadian Dollar Deposits and Withdrawals

It’s a customizable solution that integrates smoothly into your existing payment infrastructure, making it a perfect fit for businesses of all sizes. In addition to its user-friendly approach, Coinberry has made notable strides in building partnerships and expanding its reach. Joining forces with Ledger, a prominent hardware wallet company, marks a significant milestone for Coinberry as the first Canadian exchange to achieve this distinction. But even with these fees at NDAX, you ‘ll likely end up paying less to buy crypto on its platform compared to the up to 2.50% spread charged by Coinberry. Check this Newton Review to learn more about the features and benefits of Canada’s best crypto exchange for altcoins. In contrast, Newton supports 70+ cryptocurrencies including Bitcoin, Ethereum, Litecoin and Ripple.

Coinberry Mobile App

They also self-promote as an inexpensive option, but that’s not the case. Based on my tests, Coinberry charges a total fee of 2.44% to buy Bitcoin (11th overall) and a Bitcoin spread of 4.19% (ranking 18th). Overall, Coinberry is considered a safe cryptocurrency exchange in Canada. They offer two-factor authentication and hold crypto in multisig cold storage with their custodian Bitgo, who is insured up to $250 million. Users have access to a wide number of financing options, including options to buy cryptocurrency by wire transfer as well as debit and credit card possibilities.

• HD wallets generate addresses from a single master seed using a variant of the standard 12-word master seed key, which makes it possible to automatically create an unlimited number of new addresses.
• It’s also regulated by FINTRAC, Canada’s anti-money laundering organization.
• They also hit you with a 1.50% withdrawal fee on Canadian Dollars.
• After you have entered your Verify Token and clicked the “update” button Coinberry ought to provide you three backup codes that you should save securely.
• This exchange provides a quick and easy way to buy and learn more about Bitcoin.

While the iOS experience appears smoother, these complaints highlight areas where Coinberry could improve. Disappointed with the service at coinberry from delayed withdrawals to unresponsive customer support. It’s a stark contrast to the professionalism I’ve experienced with “EAšÿBĘ” where issues are resolved promptly. Coinberry gives its users the ability to get their bitcoin out of their account at any time. To withdraw money, all that is required is the address of the wallet you use.

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. Coinberry is also well-known for delivering top-level security, both online and offline, which ensures the confidentiality of your personal information and the safety of your financial transactions. Coinberry and the user’s wallet do not share a common “taxable event,” hence the exchange of tokens or currencies between the two does not trigger taxation. It may coinberry review take as little as one minute to sign up for a Coinberry account and make a purchase of Bitcoins using that account. We have used the high end of this range as the value in our fee database. Nor does it allow investors from any other part of the world outside Canada.

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. While the number may not be as extensive as some other exchanges, Coinberry covers the most popular choices that beginners are often interested in, such as BTC (Bitcoin) and ETH (Ethereum). You can then choose from any of their supported currencies and place an order for it. After your order has been processed, you will receive a confirmation email. First, go to Coinberry’s website or download the app and create an account using this link to earn a welcome bonus of $30.

We deposited $120 into our Coinberry account, and since deposits are free, the full amount was available in our account. Once you’ve gone through these steps, you will need to answer eight questions related to your finances, employment and investment intentions. Coinberry asks what percentage of your net liquid assets you intend to invest in crypto among other things. If you’re using a desktop you’ll be prompted to scan a QR code with your phone which will open a secure web link. Then, take a picture of your ID document with your phone’s camera. Coinberry does not offer any additional features such as staking or Visa cards.

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.