Coinberry cryptocurrency exchange – review

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Simple and straightforward crypto buying and selling with fees of 0.5%.

  • Great for beginners
  • Not so great for its limited number of supported cryptos

1

Fiat currencies

6

Cryptocurrencies

Details

Product Name Coinberry Cryptocurrency Exchange
Fiat Currencies CAD
Cryptocurrencies BTC, ETH, LTC, XRP, BCH, XLM
Deposit Methods Credit card
Debit card
Interac e-Transfer
Wire transfer
Trading Fee 0.5%
Deposit Fees None
Withdrawal Fees None

Pros

  • A simple way to get started with crypto
  • Near-instant purchases with Interac e-Transfer
  • Flexible payment options
  • FINTRAC registered and PIPEDA compliant

Cons

  • Spreads can mean higher prices than peer-to-peer exchanges
  • Only CAD fiat accepted
  • Limited choice of cryptocurrencies
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.
Coinberry Coinberry

$20 sign up bonus - buy or sell at least CAD$50 in crypto

Get a $20 bonus when you buy or sell at least CAD$50 in digital currency. T&Cs apply.

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Learn more about Coinberry

What fiat and cryptocurrencies are supported?

  • Supported fiat currencies: CAD
  • Supported cryptocurrencies: 6 cryptocurrencies
  • BTC
  • ETH
  • XRP
  • BCH
  • LTC
  • XLM

Which payments methods are accepted?

  • Credit card
  • Debit card
  • Interac e-Transfer
  • Wire transfer

Go to Coinberry 's website

Fees and limits

Platform trading fees

Platform fee typeFee
Trading fees0.5%
Exchange rate marginsVaries – check your prices at the time of purchase

Deposit and withdrawal fees

Deposit fees

Coinberry does not charge any fees on deposits. All fees that apply are to the payment provider.

Deposit typeFeeLimits
Credit cardStandard card payment fees apply, plus cash advance fees of up to 6%$500 maximum per transfer
Interac e-TransferFree$10,000 maximum per transfer
Wire transferVaries depending on your location and financial institution$10,000 minimum, $500,000 maximum per transfer
CryptocurrencyStandard network fees (typically no more than a few cents)No set limits
Withdrawal fees
Withdrawal typeFeeLimits
Interac e-TransferNone$100 minimum, $5,000 maximum per transfer
Wire transferNone$10,000 minimum, $500,000 maximum per transfer
CryptocurrencyStandard network feesNo set limits

How fast will my funds be available?

Deposits

Clock icon for transfer speed

1 business day or less

Interac e-Transfers can complete within 3 hours, credit card payments are instant and wire transfers take up to 1 business day.

Wallet transfers

Clock icon for transfer speed

Varies

The time taken before a cryptocurrency transaction is confirmed depends on a range of factors, but will typically take just a few minutes.

Withdrawals

Clock icon for transfer speed

1 business day

Interac e-Transfers and Wire Transfer withdrawals both take 1 business day to process.

What’s it like to use Coinberry?

Is Coinberry safe to use?

  • 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?

Go to Coinberry 's website

What else do I need to know about 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

Pros

  • 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.

Cons

  • Spreads. Coinberry buys below market price and sells above market price, unlike peer-to-peer exchanges.
  • CAD only. Coinberry is geared towards supporting Canadian dollars. Other currencies will be converted at prevailing rates.
  • Limited choice. Coinberry only offers a handful of cryptocurrencies.

Ready to sign up?

Go to Coinberry 's website
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Compare Coinberry against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bank transfer
Credit card
Flexepin
Interac e-Transfer
Bank transfer (SEPA)
Wire transfer
Wealth Gold Wire
Wealth Platinum Wire
Wealth Diamond Wire
CAD, USD, EUR, GBP, CHF

10
cryptocurrencies

Finder exclusive: Get a $10 bonus when you deposit at least CAD$100. T&Cs apply.
Trade some of the most popular cryptocurrencies with competitive fees on this intuitively designed Canadian exchange.
Credit card
Debit card
Interac e-Transfer
Wire transfer
CAD

6
cryptocurrencies

Get a $20 bonus when you buy or sell at least CAD$50 in digital currency. T&Cs apply.
Buy and sell cryptocurrency with Canadian dollars on this beginner-friendly Canadian exchange.
Cryptocurrency
Express Interac e-Transfer
Interac e-Transfer
Wire transfer
CAD

8
cryptocurrencies

Get a $20 bonus when you open an account and deposit at least CAD$250. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.
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Frequently asked questions

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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