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Unfortunately for those users who have LTC on hand, Coinberry has not built this into their funding functionality yet. Something that is worth pointing out as well is that the “0% withdrawal” fees applies to the fiat withdrawals only. You will still have to pay an arbitrary miners fee on the withdrawal of crypto. Have been using Coinberry for the past few months and it has been reliable, easy to use and trustworthy. Security and verifications upon every sign in and transaction is excellent.
- One additional feature the mobile app has that the website doesn’t have is the ability to send coins or CAD to other accounts.
- Below is a shared list of the article sources used for this review.
- I even lost money while they are trying to process my transaction which never took place.
- We bought bitcoin with our money and Coinberry gave us a preview of our order before we submitted it.
Coinberry’s iOS app has a 4.5-star rating with 5,000 reviews. Some people have complained about Coinberry taking too long to withdraw funds, having a slow verification process and being unable to login to the app. We bought bitcoin with our money and Coinberry gave us a preview of our order before we submitted it.
Funding / Withdrawals
Coinberry has been around for a while and it has made some good strides toward becoming one of Canada’s most popular exchanges. One of the best options for buying, selling and storing cryptocurrencies in Canada is Coinberry. “Very easy to use fast trades could use a better exchange rate as other are considerable amount less.”
Fund Your Account – If Coinberry has been able to verify you using their instant ID process, they will activate your account within minutes, and you can deposit funds and begin trading. I’ll explain how to transfer funds in and out of your Coinberry account below. If Coinberry cannot verify you instantly, you’ll need to upload some additional documentation, like a utility bill.
The Coinberry Autopilot is a great tool for anyone looking to simplify their cryptocurrency investments. This tool will help you create recurring cryptocurrency investments and it automates your investing completely. The rest is taken care of by the Autopilot system and you can spend all this leftover time searching for new cryptocurrency projects to invest in. Coinberry does not offer a charting interface for active traders. The standout for Coinberry is the FINTRAC regulation that puts them a step ahead in terms of security and makes them a pillar of trust in the industry for Canadian traders. They are making fast progress with the correct priorities in security, cost, and ease of use for you as a trader.
I then sent the withdrawal to another crypto exchange Newton to my own wallet address. Coinberry blocked that one and at the time of writing this no money has appeared in my Newton wallet. 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 stands out among cryptocurrency exchanges with its variety of features, excellent customer support and easy-to-use interface. Coinberry is an excellent digital asset trading platform that offers a healthy variety of cryptocurrencies and simple but highly functional mobile and web apps.
If you’re new to crypto trading, I recommend that you check out Coinberry when exploring your options. Toronto-based Coinberry offers a wide range of cryptocurrencies. The exchange is dedicated to making crypto accessible https://broker-review.org/ to Canadians. There are free deposits and fiat withdrawals but the trading fees are on the high side (up to 2.5%). You can buy crypto with an Interac e-Transfer or bank transfer, but not credit or debit cards.
Buy & sell crypto on Coinberry.
Sign up, verify your identity, fund your account, and invest. That’s all there is to it and all of this is built upon a very secure platform with a government regulation that helps you sleep at night knowing that your funds are safe. The option to deposit CAD makes a very smooth onramp for new investors who are just starting out and if you are an experienced trader you will also enjoy the easy-to-use buy and sell interface. If you are looking for a platform with easy deposits and fast withdrawals, then Coinberry might be the new home for your crypto adventures.
Can Coinberry Track where you Receive and Send Crypto?
It is FREE to deposit cryptocurrency and CAD into Coinberry. According to their website, they employ fraud monitoring across their platform to guard against financial fraud, account takeovers, etc. 2.5% is a hefty price to pay, much higher than the commission fee charged by other platforms.
In this Coinberry review, I’ll fill you in on all of their features, and let you know how they compare to the top cryptocurrency trading platforms. One of the key features of this cryptocurrency exchange is the government regulation they have. The FINTRAC registration increases the trustworthiness by a good amount and it tells you that this platform is authentic and real. Along with that, they store most of your digital assets in cold storage wallets far away from any bad actors.
Pros and Cons of Coinberry
Featuring a modest selection of the top coins, quick deposits, and a streamlined sign-up process, Coinberry was ideal for beginners. If you’re bummed about the loss of yet another Canadian crypto exchange, here are the best Coinberry alternatives to consider. But what makes Coinberry special is the 0% deposit and 0% withdrawal fees. What this means is Coinberry is one of the best platforms to quickly transfer funds in and out of your wallets. All of this makes up the 0.5% trading fee they take – and that’s only a bit higher than some other exchanges who also charge withdrawal fees.
Product details
Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own. Free cryptocurrency deposits with CAD are a blessing for all Canadian investors who are looking for a cheap cryptocurrency exchange to use. This combined with fast account verification and a very smooth KYC process makes it a top-level platform to use.
I am over 70 years old and this was my first time on a cryptocurrency platform. I was nervous and frustrated with my inability to log into my account and was ready to give up. I reached out to customer support and it turned out be an easy fix. What I consider exceptional about the support is how patient and knowledgeable they were.
Typical trading fees are just 0.2%, so keep this in mind if you wish to trade with Coinberry. Coinberry is a beginner-focused cryptocurrency exchange founded in 2017. Their coinberry review goal, according to their website, is to “make it easy and secure to trade cryptocurrencies in Canada.” When it comes to the security of your assets, the same is true.
