This ensures that if the company’s bank accounts were to ever be frozen, it would not affect the customers’ money. The use of segregated bank accounts also helps reduce the time it takes to process withdrawals to just 1 day. You can instantly fund your account with up to $50,000 by Visa Debit, Interac eTransfer, transferring from another Wealthsimple account, or by linking an external Canadian bank account. Once a leading name among Canadian crypto asset trading platforms, Coinberry was beloved for its intuitive interface, making it the preferred choice for new crypto converts. It supported popular the most popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and was the first regulated crypto-only platform in Canada. Coinberry previously offered Autopilot, which enabled users to set up recurring purchases, and Coinberry Pay, an easy way to receive cryptocurrency payments.
Coinberry will send you an email to confirm your new account. Coinberry uses 2-Factor Authentication (2FA) for added security, so you’ll need to set that up as well, using SMS and your mobile phone. 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. At Finty we want to help you make informed financial decisions. We do this by providing a free comparison service as well as product reviews from our editorial staff.
NDAX: Best for Customer Support
However, this may not be the optimal solution as there are pretty low limits on card funding. You also have to consider that card payments are much more expensive than other forms as third-party processors as well as your bank may charge you unreasonable fees. If you already have BTC or ETH on hand and would like to fund your account then you can initiate a cryptocurrency transfer.
Tradable assets
The platform also has a high level of security, which can be beneficial for users that are trading in lots of cryptocurrencies with different levels of market value. However, NDAX slightly edges it out with its support for more cryptocurrencies and lower fees to buy crypto. Also, while Coinberry doesn’t charge deposit or withdrawal fees, NDAX charges a withdrawal fee of $4.99 CAD. NDAX also charges a trading fee of 0.20% plus a spread fee of 0.40%.
I have been using this platform to trade cryptocur…
- There is a significant difference between selling a coin or token and, for example, moving 10 Bitcoin to or from Coinberry using the user’s own wallet.
- Many customers express satisfaction with Coinberry’s services, often highlighting the professionalism and helpfulness of the support team in addressing their needs.
- It supported popular the most popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and was the first regulated crypto-only platform in Canada.
The Coinberry platform is well-suited for beginners, thanks to its simple and modern layout that provides a pleasant trading experience. To purchase crypto, you simply click the buy button and use the funds in your fiat wallet. Coinberry positions itself as a trading platform rather than a peer-to-peer exchange. This means that when you use Coinberry, you’re buying and selling directly with the platform rather than other individuals. Coinberry sets the buy and ask prices themselves, and this is how they generate revenue. Coinberry provides Canadians with a coinberry review simple and user-friendly platform for purchasing cryptocurrency.
- You’ll receive a unique payment link, and any crypto deposited is automatically converted into Canadian dollars for convenience.
- NDAX also has low trading fees, staking, and a wide range of cryptocurrencies.
- This means that users can set up an automatic purchase of a certain amount of cryptocurrency every week or month and have it automatically deposited into their account.
- Tailored for beginners, NDAX boasts a clean and simple interface, quick CAD transactions, modest fees of only 0.2%, and free deposits.
Evan Kuhn and Andrei Poliakov, who were also two of the company’s original founders, now serve as the company’s leaders. They are also completed covered by as much as $200 million in insurance on your held crypto-assets for which they partnered with the regulated custodian, Gemini Trust Company. Coinberry also has a financial institution bond underwritten by Lloyds of London that covers as much as CAD$1 million per claim. There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. Although Coinberry is very secure and has never been hacked since its establishment in 2017, there is always a small chance of it occurring.
Best Crypto Exchanges For Day Trading in Canada in 2025
To get your wallet address, either scan the QR code or click the Copy Address button. Your wallet address is permanent, so you can keep it and use it again and again. We hope you liked this article, please if you did, don’t forget to share this useful article with your friends who are also interested in cryptocurrency. Both Coinberry and NDAX are registered with FINTRAC as a Money Services Business (MSB) and are fully compliant with the Canadian anti-money laundering regulations (AML). 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.
Meaning, you have more choice in the available crypto asset to trade on Newton. While both Newton and Coinberry offer Canadian crypto traders the opportunity to buy, sell, and store digital currencies, there are some key differences between the two. This means it complies with AML/KYC rules and regulations as they relate to cryptocurrency exchanges. The exchange has been around for a while now, and they have built up a solid reputation as one of Canada’s best crypto exchanges.
Security
Make sure to include your Coinberry Account Number in the message field of the e-Transfer. Last but not least, once the e-Transfer has been set, the balance will be deposited into your Coinberry account. Dynamic fees are set for BTC, ETH, and XRP, with calculations based on network activity.
It has over 600+ cryptocurrencies, and many more trading markets, including derivatives. They are also backed by a form of insurance that protects against financial losses due to dishonest acts and unethical behavior from Coinberry employees. Coinberry is an impressive cryptocurrency exchange built for Canadians, making it easy to buy crypto directly with CAD. These are the top 3 reasons why I recommend Coinberry to Canadian crypto investors. 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.
This fee is added to the quoted crypto prices and is effectively calculated as a percentage of the total trade size. Also, Coinberry has a wallet service available on the site, which allows you to store your cryptocurrencies in cold storage. This means that your coins are stored in an offline environment where they cannot be hacked or stolen. Any crypto exchange has the ability to freeze your account if they suspect suspicious behaviour such as trading larger amounts, or more frequently, than usual. Many customers express satisfaction with Coinberry’s services, often highlighting the professionalism and helpfulness of the support team in addressing their needs.
Some exchanges emphasize security, while others put an emphasis on what you can trade with their platform. 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. It’s unfathomable why they demand such massive amount of money each time. I finally met all of their financial requirements but they still won’t release my money.
With institutional-grade security, your digital assets are insured to the tune of $200 million by Gemini Trust Company LLC, the world’s most regulated, safe, and compliant digital asset custodian. Furthermore, Coinberry is also backed by a form of insurance that protects against financial losses due to dishonest acts and unethical behavior from Coinberry employees. Coinberry account management metrics track the performance of a user’s account on the platform. They are used to measure how well an account is performing and to identify areas where improvements can be made.
The main drawback when it comes to security is the inability to withdraw most cryptocurrencies. 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. They also offer a very user-friendly platform that makes it easy for beginners to get started.
One of the digital currencies that is now being used and accepted is bitcoin. Users are able to buy and sell cryptocurrencies using Canadian dollars on Coinberry, which makes it one of the most popular cryptocurrency exchanges in Canada. It’s fantastic that Gemini offers industry-standard functionality like two-factor authentication. Because users are only able to purchase and sell assets using Canadian dollars on the platform, it functions more similarly to a brokerage than it does an exchange.