Coinberry review

Canada’s first regulated crypto-only trading platform, Coinberry, offers simple and straightforward crypto buying and selling. Here's our hands-on Coinberry review.

  • First fully regulated exchange in Canada
  • Lack of earning tools (staking, farming, lending)

No reviews yet. Write a review


Fiat currencies




Product Name Coinberry Cryptocurrency Exchange
Fiat Currencies CAD
Cryptocurrencies BTC, ETH, LTC, XRP, BCH, XLM & 19 more
Deposit Methods Credit card
Debit card
Interac e-Transfer
Wire transfer
Trading Fee 0.5%
Deposit Fees None
Withdrawal Fees None
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.

What is Coinberry?

Coinberry is a Canadian cryptocurrency exchange founded in 2017 and based out of Toronto, ON. It offers a selection of over 25 cryptocurrencies and generous referral reward programs.

It has gained a reputation as being one of the most compliant cryptocurrency exchanges in Canada and is the first cryptocurrency exchange to be fully regulated across Canada. It is an exchange that understands its place in the market.

  • If this is your first exchange: Coinberry is approachable and easy to navigate for both exchanging cryptocurrencies and utilizing its services.
  • If you’re switching exchanges: Coinberry is the first fully regulated exchange in Canada. This level of compliance adds an additional layer of trust to the exchange that other exchanges lack.
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.

Pros and cons of Coinberry

Coinberry Pros

  • Competitive prices
  • 0% deposit and withdrawal fees
  • Coinberry Pay
  • Quick sign-up
  • First fully regulated exchange in Canada

Coinberry Cons

  • Only available in Canada
  • Lack of earning tools (staking, farming, lending)
  • Limited customer service options

Verdict: Is Coinberry any good?

Coinberry is a very good exchange, especially for people new to the cryptocurrency industry. It has a good selection of cryptocurrencies to choose from and easy-to-understand features. Coinberry actively seeks engagement with regulatory authorities and implements best practices with security and insurance.

What to know about Coinberry

Coinberry is a compliance-driven exchange. It is fully registered with FINTRAC and the OSC, PIPEDA compliant, and holds $200 million in insurance through its third-party digital asset custodian. This compliance-driven approach enabled it to become the first exchange in Canada to partner with municipal governments for Bitcoin tax payment processing. As a result, it has a stricter KYC protocol for registering new accounts.

Coinberry lacks some earning tools that other exchanges offer but it makes up for these through its fees. It operates on a spread that enables them to offer 0% deposit and withdrawal fees on CAD.

Finder ratings for Coinberry

Supported cryptocurrenciescheckmarkcheckmarkcheckmarkcheckmark
Transferring money or assetscheckmarkcheckmarkcheckmarkcheckmarkcheckmark
Fees and costscheckmarkcheckmarkcheckmarkcheckmarkcheckmark
Ease of usecheckmarkcheckmarkcheckmarkcheckmarkcheckmark
Customer servicecheckmarkcheckmarkcheckmark
Staking/earn rating?checkmark
Overall scorecheckmarkcheckmarkcheckmarkcheckmark

Coinberry fees and costs

Fiat withdrawal and deposit fees

Operating on a spread allows Coinberry to offer 0% fees on both CAD deposits and withdrawals. It does disclose, after listing its processing fees, that most transactions will be processed within 15 minutes, but certain withdrawals could take up to 1.5 days to process. Additionally, there is a 24-hour hold period for first-time users after funding their account for the first time.

MethodDepositWithdrawalProcessing time
Interac e-Transfer0% (no minimum / $10,000 maximum)0% ($100 minimum / $5,000 maximum)Instantaneous
Wire transfer0% ($10,000 minimum / $500,000 maximum)0% ($10,000 minimum / $500,000 maximum)2–3 business days
Crypto withdrawal and deposit fees

Coinberry charges zero fees on crypto deposits, but there are varying fees for withdrawals. Litecoin (LTC) has a fixed rate of 0.2LTC for withdrawals while Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have dynamic fees.


What is it like to use Coinberry?

Coinberry is an easy exchange to navigate. It is user-friendly and offers a good selection of cryptocurrencies and learning options. While it may not have as many features and earning protocols as other exchanges, it makes up for that through its referral programs and additional layers of security it has implemented.

Does Coinberry have good customer support?

Coinberry has limited customer support options that its users can take advantage of. The first place that users should look if they are experiencing issues is the Coinberry help center. This is a page that has an extensive list of FAQs and solutions. If the issue is not listed in this section, there is a contact form at the bottom where you can go into specific detail about the issue. This form will be sent off to the Coinberry customer support staff where it will be reviewed and you will be contacted back with a solution. This form is the best method for users struggling with the registration process who don’t yet have an account.

The only other method for contacting customer support is through a separate email ticket system for users found on the Coinberry customer support page. Users can use the ticket email system report card or email Coinberry directly.

List of Coinberry services

Coinberry’s trust rating

Coinberry is the first Canadian cryptocurrency exchange to be fully regulated across all of Canada. It engages in best practices for security and holds over $200 million in insurance through one of the most regulated third-party digital asset custodians, Gemini Trust Company, LLC.

Coinberry has a robust and extensive KYC protocol and is fully compliant with FINTRAC and the OSC’s AML regulations. While centralized exchanges can never guarantee 100% security, Coinberry has taken one of the most rigorous approaches, making it one of the most trusted exchanges in Canada.

Signing up on Coinberry

Coinberry has a quick and easy-to-use registration process. The exchange implements a strict KYC protocol with additional information on you and your spouse’s income status, risk tolerance, and knowledge of the industry being asked for. These are additional steps that other exchanges do not require, but it enables Coinberry to be one of the only fully regulated cryptocurrency exchanges across all of Canada. The whole process from start to finish should take less than 15 minutes as long as you have a government ID at the ready.

Step 1

To start the registration process, click the green button here:

Users can then find the link in the Sign Up tab in the top right of the homepage.

sign up at Coinberry

Clicking the Sign Up tab will bring the user to a page where they can register an email address with the exchange. Once complete, users will be sent a verification link where they can confirm their email address and begin the KYC stage.

KYC stage on Coinberry

Once you have successfully verified your email address with the exchange, it will begin the KYC process by asking for your phone information.

verify phone on Coinberry

Step 2 (KYC)

For this step in the verification process, users will be required to submit a government-issued ID.

Verification process on Coinberryattach document on Coinberry

After you have successfully submitted your government-issued ID, you will then be required to submit a live photo and a short video response.

Get secure link on Coinberry

Step 3

The final step to verifying your account and enabling it to be funded is through a short Investor Suitability Assessment. This questionnaire will ask for information on you and your spouse’s income status, investment allocations, risk tolerance, and knowledge of the cryptocurrency industry.

Investor suitability assessment

Step 4

Once you have completed the Investor Suitability Assessment, you will be able to access your dashboard and account.

Coinberry account dashboard

All Coinberry users are required to implement a 2FA security protocol on their account. This can be accessed through the security tab in your profile settings.

Coinberry 2FA

Step 5

That’s it. Your account is ready to be funded and you can start trading.

Compare Coinberry against other exchanges

1 - 3 of 18
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT


Certain trading features are limited or unavailable to residents of Ontario and Quebec.
Bitbuy Digital Currency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer


Limited time only: Free $40* when you sign up and fund your Bitbuy account. T&Cs apply.
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency, Debit card, Wire transfer, Apple Pay


Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

Frequently asked questions about Coinberry

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.
Go to site