Coinberry Reviews Read Customer Service Reviews of www coinberry.com 4 of 40
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.
This is a platform used by scammers
Well, if you are looking for an entry-level exchange with low fees, strong security and a reputable management team then coinberry review it could be for you. We also think that although the trading platform was designed for beginner traders, it lacks any other advanced features and functionality. Similarly, unlike the margin trading platforms this is short selling with no leverage. This makes it that much more beginner friendly than the short selling procedures that are available on more advanced margin trading platforms. 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.
This company has the worst customer…
For access to a crypto exchange with all the bells and whistles, check out CoinSmart. In 2021, it was granted relief by the Ontario Securities Commission to offer crypto-based products and services across Canada. New users can easily open an account and start trading within minutes. In addition to Coinberry, you can buy and sell crypto using platforms like Coinsmart, Netcoins, and Wealthsimple Crypto.
I was nervous and frustrated with my inability to log into my account and was ready to give up. Very easy to use and the app keeps me informed with my account. I highly suggest looking else where to purchse and move crypto. I have contacted their office several times to clarify what I need to supply to make sure this doesn’t happen.
- For example, they are slightly more than the 0.4% quick buy fees at Coinsquare but are slightly less than the trading fees at BitBuy.
- Many online reviews complain about Coinberry’s slow withdrawals and poor customer support.
- They sell cryptocurrency from their own inventory, and do not facilitate transfers from one Coinberry-user to another.
- While there were many things that we liked about the exchange, there were also a few areas for improvement.
- The platform is available on desktops via a web interface and has dedicated Coinberry mobile apps for iPhones and Android devices.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Sįmpłebįnåryėåśyb made me have trust in crypto again.the fee interface is easy to use and I never had issue with withdrawals and I buy and sell my crypto with ease. Buy Bitcoin instantly in Canada with Coinberry, the only FINTRAC registered & PIPEDA compliant crypto trading platform trusted by the Canadian Government.
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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.
Coinberry Registration & Verification
Some people have written reviews of Coinberry stating that their accounts have been blocked. Select the cryptocurrency you want from the list, choose the type of order, and enter the amount you wish to buy. If you choose Interac e-Transfer, log in to your online banking and send the transfer, ensuring you include the reference number in the message box. To buy crypto on Coinberry, start by funding your account. To purchase crypto, you simply click the buy button and use the funds in your fiat wallet.
I am still waiting for crypto…
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.
Written by the company
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.
- There are many Canadian crypto exchanges to choose from.
- This ensures we understand your priorities and can recommend the best crypto exchange for your needs.
- Both mediums offer a trading platform that is easy to navigate and user-friendly, particularly suitable to those who are new in the sector.
Compare Canada’s
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.
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.
You should just keep in mind that the minimum withdrawal here is $100. This selection of investment products though has increased over time, and as mentioned, Coinberry is relatively new. Coinberry also has a financial institution bond underwritten by Lloyds of London that covers as much as CAD$1 million per claim. 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. They provide cold storage for all of your crypto assets so they are completely secure.
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.
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 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.
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.
This particular platform is more a cryptocurrency store than a cryptocurrency exchange. After some time, centralized exchanges started charging crazy fees to their users. 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. You can make free deposits using Canadian dollars via Interac e-Transfer or bank transfer, but you cannot buy crypto with credit or debit cards. As someone who has tested over 50 crypto exchanges since 2016, I created a Coinberry account to determine if it’s worth using. A summary of Canada’s major cryptocurrency exchanges and brokers.