Always conduct your own research and consult with qualified professionals before making any financial decisions. Cryptocurrency trading involves substantial risk of loss and may not be suitable for all investors. The information provided does not constitute financial, investment, tax, or legal advice and should not be relied upon as such. We are not a registered investment advisor, broker-dealer, or financial institution. Over the last 3 years, we put every Canadian platform to the test across 60+ features each.

Coinberry recently became the first Canadian exchange to be join the list of exchanges on Ledger, a prominent hardware wallet company. Over 250 total financial institutions use Interact, including all major banks in Canada. New traders will find Coinberry’s easy-to-use interface and beginner-friendly platform ideal when it comes to trading. Based in Toronto, the Coinberry platform simplifies the process of buying and selling cryptocurrencies. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

About Savvy New Canadians®

Normally they take a few hours…sometimes longer depending on the volume going through. Transactions are fairly quick depending on which bank you use. I love working on this platform. Prompt, courteous and efficient service when I ran changed phone numbers and had to address the 2-step security protocol.

Excellent customer service hero

Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. 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.

He has been investing in Bitcoin and cryptocurrencies since 2017. If you want to trade altcoins, crypto futures and more without KYC, BYDFi is one of the top apps we found. Out of 20+ platforms we tried, NDAX had the #1 lowest fee to buy Bitcoin in Canada. While Coinberry and Bitbuy are safe platforms, Canada has dozens of choices.

• Accordingly, it is difficult to compare the fees charged by Coinberry with the industry average trading fee at a regular centralized exchange (being 0.221% for takers and 0.177% for makers, according to this report).
• This comes down to the speed with which they arrive at the recipient bank as well as the fees involved.
• We deposited $120 into our Coinberry account, and since deposits are free, the full amount was available in our account.
• After your account has been verified and you’re ready to begin trading, the first thing you see is the buttons to buy and sell Bitcoin, Ethereum or Litecoin.

Top 5 Exchanges

Overall that was ok, and at the time you had to verify your bank account but didn’t have to submit a photo ID. Fine to take your money but they will keep your funds and not let you withdraw.I set up my account in 2018. Sometimes I have to log out and in a few times before i can use my funds and then same thing when I want to withdraw my crypto.

Top 5 Cards

Read my NDAX review to learn more or sign up to get $10 free when you deposit $100. While Coinberry and Bitbuy are both safe platforms, they are very expensive. I headed to the App Store, Google Play, Reddit and other websites to see the Coinberry reviews. They also hit you with a 1.50% withdrawal fee on Canadian Dollars.

• Coinberry offers e-transfers (under 30 minutes) and wire transfers (0-3 business days).
• This makes it that much more beginner friendly than the short selling procedures that are available on more advanced margin trading platforms.
• Typical trading fees are just 0.2%, so keep this in mind if you wish to trade with Coinberry.
• By using our referral link to sign up and depositing $250 in your account, you can receive a bonus of $50.

Cryptos (

Any problems I have encountered have been timing issues, delays in transferring eth, etc It was easy to set up my account. Overall best crypto exchange in Canada + $50 bonus Have you used any of the featured crypto platforms featured?

So if the price of the relevant crypto is USD 100, and the spread is 1%, the buyer can buy the crypto on the trading platform for USD 101. Accordingly, it is difficult to compare the fees charged by Coinberry with the industry average trading fee at a regular centralized exchange (being 0.221% for takers and 0.177% for makers, according to this report). They sell cryptocurrency from their own inventory, and do not facilitate transfers from one Coinberry-user to another. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada.

I tested the account, after viewing their terms and conditions and trying to find anything else that may trip me up (as I don’t use a mobile phone), by depositing $5 into it. Now they want me to deposit the same original amount ($14,173) while they investigate and get the funds back. Don’t expect to withraw crypto or deposit fiat without issues.

Withdrawal Methods:

The spread serves as a source of profit for the exchange. A spread in trading refers to the difference between the highest price a buyer is willing to pay (bid price) and the lowest price a seller is willing to accept (ask price). Coinberry asks what percentage of your net liquid assets you intend to invest in crypto among other things. Additionally, Coinberry lets you accept crypto payments and tips through Coinberry Pay. This is particularly useful for those using a dollar cost averaging (DCA) strategy, enabling regular crypto purchases, such as weekly investments. Toronto-based Coinberry offers a wide selection of cryptocurrencies, aiming to make crypto more accessible to Canadians.

There are a number of funding options which will vary based on individual deposit limits as well as processing time. This is because of their regulatory licenses they have to complete a number of KYC checks on their trading accounts. The last port of call to get hold of the exchange is through their numerous social media accounts. No doubt one of the most important considerations for any cryptocurrency trader is customer support.

The platform also offers an autotrading feature, allowing you to set up orders that execute automatically on specific days and times. You can buy crypto in minutes by sending an Interac e-Transfer or bank transfer. Coinberry provides Canadians with a simple and user-friendly platform for purchasing cryptocurrency.

If you would prefer to fund your account with your fiat then you have quite a few options. This will be followed by a final step that will ask you to confirm the withdrawal. Once you have confirmed coinberry review that you understand the above, they will give you the one-time address. Yet, because this is a one time address, you have to be sure to never send to the same address twice. You can do this in your account section under the “Fund Account” section.

This is perhaps one of the only Canadian exchanges that offers free withdrawals and deposits on CAD funding. The use of segregated bank accounts also helps reduce the time it takes to process withdrawals to just 1 day. I am over 70 years old and this was my first time on a cryptocurrency platform. I’m currently trying to withdraw the funds from my account by eTransfer to the same bank account that made the initial deposit. Competitive low trading fees for crypto and free deposits. Coinberry is a cryptocurrency trading platform in Canada.

Regardless, the owner of this website only recommends products or services that will add value to their readers. When in doubt, you should consult a qualified financial advisor before making any investment decisions. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. There is a very high degree of risk involved in trading securities.

Coinberry rated as a #16 in the list of the best crypto exchanges for Canadians

We decided to jump into the Google Play store in order to see what users were saying about the app in the reviews. The mobile app looks to be designed well for users who want to not only invest on the go, but also spend their cryptocurrencies at merchant stores or anywhere else that accepts them. One additional feature the mobile app has that the website doesn’t have is the ability to send coins or CAD to other accounts. For those of you who would like to buy / sell crypto on the go, you will be happy to know that Coinberry has their very own mobile app that is available in both Android and iOS.

All reviews

Deposits are free while withdrawals have a fixed fee of 1.50%. While there are no trading fees, the actual fees are in the spread (more on this below). I had it in a bitcoin wallet in Europe and transferred over to Canada.