Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Regulation. Coinberry maintains an AML/KYC policy, and says it operates in a FINTRAC compliant manner, with a designated compliance officer, and was one of the first cryptocurrency platforms in Canada to register with FINTRAC as a Money Services Business (MSB). It’s one of only two cryptocurrency platforms in Canada to successfully complete a audit from an independent accounting firm.
Verification. Users are required to verify their identities before trading on Coinberry.
Security features. Coinberry says it takes several steps to ensure it offers industry-leading security standards. These include segregated funds (separate bank accounts for customer and company fiat), cold storage for user crypto and optional 2-factor authentication for users.
How do I create an account at Coinberry?
Click the “sign up” button in the top right of the Coinberry website. Then enter your email and choose a password.
You will receive a welcome email from Coinberry. Open it and use the code or link provided to verify your email address.
You will need to verify your identity before you can start buying on Coinberry. This involves answering some basic questions about yourself, such as your name, and uploading formal documentation to back it up.
Most Coinberry users will be immediately verified after sending the required documents.
Once you’re verified, the next step is to make a deposit. This can be done with a bank transfer, credit card, wire transfer or by depositing cryptocurrency.
With your account funded, you can now buy and sell BTC, ETH and LTC on Coinberry.
Coinberry got its start as a bitcoin ATM service in Canada in 2017, with the aim of making cryptocurrency more accessible.
The Coinberry platform is part of this goal. It can be thought of as a cryptocurrency retailer rather than a full fledged exchange. Instead of trading directly with others, you’re buying and selling through a cryptocurrency broker.
In a nutshell
Easy. Coinberry is mostly geared towards making crypto trades and purchases as easy as possible.
Accepts CAD. Coinberry is one of a relatively few exchanges to accept Canadian dollars.
Coinberry does not explicitly restrict users in certain countries, but warns all users that it’s their responsibility to ensure they comply with all appropriate laws and regulations around use of cryptocurrency.
Yes. You can download the Coinberry app for iOS or Android.
Coinberry uses a third party verification service. Personal information you supply will be matched to other information such as your credit report and other third party sources.
You can contact Coinberry support by phone, email or submitting a ticket through the website.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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