Unlike the website version, you can see a chart display for the price of BTC, ETH and LTC. 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. The goal of a short seller is to agree to sell at future prices that are higher than the spot price will be at the time. For those who are not too familiar with the term, short selling is the act of agreeing to sell the asset at some time in the future at some predetermined price. We have not seen this functionality on any other Canadian exchange.

Something that we were quite surprised by is the fact that Coinberry uses unique one time addresses for those users who fund with crypto. Perhaps the cheapest and fastest way to fund your account will be through the use of cryptocurrency. This means that account verification is required in order for users to begin depositing funds.

Trading is possible with Coinberry through both their desktop trading platform and their mobile app for trading on the move. This is a rather limited selection and with the Canadian Dollar as the only supported fiat currency, it does restrict the potential for Coinberry which is currently only available to Canadian traders. Here we will take a closer look at this, and the variety of other features and capabilities that you can find when trading with Coinberry. Please be aware of the risks involved with any trading done in any financial market. We signed up for every crypto exchange and brokerage so you don’t have to.

Coinberry supports a variety of platforms including Android. Here are the powerful features that make Coinberry stand out from the competition. Savvy New Canadians is one of Canada’s top personal finance platforms. Get access to advanced trading tools.

• However, Coinberry has some of the highest fees we’ve seen of any crypto exchange in Canada.
• Co-founders Andrei Poliakov and Evan Kuhn set out with a mission to simplify cryptocurrency investing for Canadians, and they’ve done just that.
• They sell cryptocurrency from their own inventory, and do not facilitate transfers from one Coinberry-user to another.
• In addition to its user-friendly approach, Coinberry has made notable strides in building partnerships and expanding its reach.
• Now that major players like Coinbase have added several Altcoins to their roster, Coinberry should at least be trading all of the top 10 coins from coin market cap.

Is Coinberry A Wallet?

Unlike the website version, the mobile app offers a chart display for the prices of BTC, ETH, and LTC, keeping you updated on the market trends. The user interface is not only attractive but also simple and intuitive, allowing you to navigate with ease. For those of you who want to buy or sell crypto on the go, you’re in for a treat with the Coinberry mobile app. For enhanced security and protection, it is recommended to enable Google Authenticator on your mobile device.

Coinberry Pay

Overall, Coinberry is considered a safe cryptocurrency exchange in Canada. While there are no trading fees, the actual fees are in the spread (more on this below). Canadians who are 18 or older can open a Coinberry account and start trading popular crypto assets. They were acquired by WonderFi in 2022, who also owns Bitbuy, another Canadian cryptocurrency exchange. Their goal, according to their website, is to “make it easy and secure to trade cryptocurrencies in Canada.”

Coinberry Security

To buy crypto on Coinberry, start by funding your account. The Coinberry platform is well-suited for beginners, thanks to its simple and modern layout that provides a pleasant trading experience. The platform uses military-grade encryption to secure user data and stores up to 97% of its coins in cold storage, one of the highest percentages in the industry. 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. The total fees, including the spread, came to $3.00, which equals a 2.5% fee—relatively high.

We earn commissions through referral links to crypto exchanges and products on this site. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies. 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. Both mediums offer a trading platform that is easy to navigate and user-friendly, particularly suitable to those who are new in the sector.

Coinberry Review 2025 – Canadas Best Crypto Exchange?

Coinberry simplifies the process of buying and selling cryptocurrencies for Canadian users. New traders will find Coinberry’s easy-to-use interface and beginner-friendly platform ideal when it comes to trading. Coinberry is a well-known Canadian cryptocurrency exchange platform.

Coinberry Review

This means that they are the counter party to your trade and will hence make the price for you. In order to help prevent any hacks or breaches to individual accounts on the client side, Coinberry also has a range of security tools. In most cases though, the front line of security will start with the user. Hence, when we are analysing the safety of an exchange, one of the most important requirements that we look at is a robust cyber security protocol. Bitcoin hacks and data breaches are one of the biggest threats that face nearly all exchanges.

• E-Transfer (online or mobile banking) is one of the simplest ways to fund your Coinberry account.
• The total BTC selling fee was 1.71% (10th overall) and the BTC spread was last place at 4.19% (18th overall).
• As with a lot of exchanges, reasoning is mostly unknown, but usually it is due to suspicious activity or the user has not provided sufficient verification documents.
• There will also be a small mining fee depending on the crypto you trade as these network fees are not covered by the exchange.

About Savvy New Canadians®

What sets Coinberry apart is its unique ability to short sell assets, which we haven’t seen on other Canadian exchanges. With the ability to send crypto and scan barcodes, Coinberry is pushing the boundaries of how we perceive and utilize our cryptocurrency funds. Available on both Android and iOS, this app is designed to make your cryptocurrency experience seamless and convenient. With Coinberry Pay, you have the freedom to embrace the benefits of cryptocurrency without the hassle.

Verifications and KYC

Kraken Pro is fully regulated in Canada and offers 250+ cryptos, professional trading, and high liquidity. Out of 20+ platforms we tried, NDAX had the #1 lowest fee to buy Bitcoin in Canada. Unfortunately, Coinberry is winding down its operations and migrating users to Bitbuy.

They should consider adding a slightly more “advanced” secondary platform for those users who would like to trade in a more professional manner. Listing more cryptocurrencies are the easiest way for the exchange to increase trading volume and generate more revenue. Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges. 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. Coinberry’s trading platform is more geared towards investors and beginning traders rather than more advanced day traders.

Currently, there are only three cryptocurrencies on offer at Coinberry and these include Litecoin (LTC), Bitcoin (BTC) and Ethereum (ETH). You will still have to pay an arbitrary miners fee on the withdrawal of crypto. Something that is worth pointing out as well is that the “0% withdrawal” coinberry review fees applies to the fiat withdrawals only.

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. So, if you are itching to trade and need to get funds onto your account as quickly as possible then this may be for you. Unfortunately for those users who have LTC on hand, Coinberry has not built this into their funding functionality yet.

The Company also emphasizes that they focus on security. It has obtained regulatory approvals from FINTRAC and the Ontario Securities Commission, demonstrating its commitment to compliance and security. Absolutely, Coinberry is a reputable and trustworthy exchange. This can be a drawback for intermediate and experienced investors who are looking for lower trading costs. Don’t forget, you can even reach out to Coinberry via their lively social media accounts like Facebook or Twitter. And for those routine questions, check out their FAQ page, covering everything from funding with e-Transfer to buying crypto with Canadian dollars.

With no deposit fees, live support, and quick sign-up, it’s trusted by over 220K Canadians and municipalities. Overall best crypto exchange in Canada + $50 bonus This Coinberry review covers its fees, insurance, pros, cons, and how it compares to Bitbuy, NDAX, and Coinsmart. Have you used any of the featured crypto platforms featured?

Legitimate exchange representatives, like support staff, will never contact you first or ask you to send money or crypto. These scams are often so convincing because they replicate the exact logos, branding, and layouts of legitimate exchanges, making it easy to fall for them. The platform also features a helpful FAQ section on its website to address common questions. Select the cryptocurrency you want from the list, choose the type of order, and enter the amount you wish to buy.