The web’s most detailed Coinberry review: One of Canada’s most reputable cryptocurrency exchanges, fully regulated by FINTRAC, and maximum digital asset insurance by Gemini Trust Company LLC. Coinberry has made a great name for itself and we wanted to take a closer look at why this platform has gotten such a good reputation. Keep reading to learn the ins and outs of Coinberry.
In this section of our Coinberry review we highlight 6 special features that deserves extra attention.
Coinberry is a fully insured and FINTRAC regulated cryptocurrency exchange based in Canada with the main office located at 100 Designers Walk Lane, Toronto, ON, M5R 1K6. This trusted platform with outstanding security features is a go-to place for thousands of Canadians when it comes to cryptocurrency investing.
The common goal of the team and company behind this project, Coinberry Limited, was to create an intuitive platform that is robust, secure, and also very easy to use. All funds on the exchange are protected by Gemini Trust Company LLC, the most secure and trusted cryptocurrency custodian on the market. This is one of the reasons why traders keep coming back to Coinberry, it’s a very safe platform and your digital assets are also insured.
Why use Coinberry
This crypto exchange serves crypto investors best. Coinberry is a very beginner-friendly platform and you don’t need any previous experience to start. The simplicity of investing in coins and the safety features make it a great hub for crypto investors to stock up on the biggest crypto projects on the market.
The option to deposit CAD makes a very smooth onramp for new investors who are just starting out and if you are an experienced trader you will also enjoy the easy-to-use buy and sell interface. If you are looking for a platform with easy deposits and fast withdrawals, then Coinberry might be the new home for your crypto adventures.
Trading on Coinberry
Coinberry offers a simple buy and sell interface which makes investing in the crypto markets incredibly hassle-free. Sign up, verify your identity, fund your account, and invest. That’s all there is to it and all of this is built upon a very secure platform with a government regulation that helps you sleep at night knowing that your funds are safe.
Coinberry offers recurring cryptocurrency investing which is a new way of investing in the crypto market automatically. All you need to do is to choose which coin you want to buy over time, how often you want to buy, and how much you want to purchase each time. Then the magic happens automatically as you make recurring purchases of your favorite cryptocurrency. This saves a lot of time and it takes away some of the emotions from investing.
Coinberry does not offer a charting interface for active traders.
Payment methods and limits
Currently, Coinberry offers CAD deposits with Bank transfers, Interac e-transfer, Credit Cards, and cryptocurrency. The minimum deposit is $50, the minimum withdrawal limit is $100, and the maximum withdrawal limit is $50.000 for fiat withdrawals. There is no upper limit to cryptocurrency withdrawals.
Things we don’t like
I would love to see more coins on the platform to reach a wider audience and also a live chat to deal with customer issues. A live chat saves a lot of headaches for traders with deposit and withdrawal questions. Also, minor problems that might occur will be solved much faster.
About the Special Features on Coinberry
One of the key features of this cryptocurrency exchange is the government regulation they have. The FINTRAC registration increases the trustworthiness by a good amount and it tells you that this platform is authentic and real. Along with that, they store most of your digital assets in cold storage wallets far away from any bad actors. The fiat account is a great feature and it is a very good onramp for new investors who are not used to blockchain transactions.
Free cryptocurrency deposits with CAD are a blessing for all Canadian investors who are looking for a cheap cryptocurrency exchange to use. This combined with fast account verification and a very smooth KYC process makes it a top-level platform to use. 2fa verification is of course an option to safeguard your account against immediate threats. If you are into app trading, Coinberry offers a great crypto trading app for all investors who wants to trade on the go.
Institutional Grade Crypto Protection
Coinberry is backed up by Gemini Trust Company LLC with up to $200 million of coverage. This is a must-have for any cryptocurrency exchange that wants to call itself safe. When trading on Coinberry you can rest assured that you are using a very safe exchange and your funds a fully backed up.
0% CAD Withdrawal and Deposit Fee’s
If you are a Canadian, you are very lucky to have found Coinberry. All your deposits and withdrawals are free when using CAD. This is a major advantage compared to other cryptocurrency exchanges in Canada and we highly recommend that you use this exchange when depositing with CAD.
The Coinberry Autopilot is a great tool for anyone looking to simplify their cryptocurrency investments. This tool will help you create recurring cryptocurrency investments and it automates your investing completely. Simply choose how much you want to invest and how often. The rest is taken care of by the Autopilot system and you can spend all this leftover time searching for new cryptocurrency projects to invest in.
Coinberry Crypto Taxes
In Canada, you are taxing cryptocurrency just as any other “currency” and Coinberry has a complete tool for bitcoin and cryptocurrency tax info for Canadians. Use this tool to calculate taxes when buying and holding crypto, selling and trading crypto, loss or gain of cryptocurrency, as well as capital gain vs business income. All of this can be access on the Crypto Taxes Canada page on Coinberry.
Take the easy route and report your taxes to the CRA in Canada with the help of Coinberry!
Is it safe to use Coinberry?
Yes, Coinberry is considered to be a very safe cryptocurrency exchange with several security layers that are mandatory for any top-level crypto platform.
Is Coinberry a regulated platform?
Yes, this cryptocurrency exchange is regulated by the Canadian government and is a FINTRAC registered business. Current registration ID is: FINTRAC #M18502412.
Frequently asked questions
Read the most frequently asked questions about Coinberry. Find answers without searching the web.
Yes, it is regulated by the Canadian government and they are also partners with Gemini Trust Company LLC™, this gives you digital asset insurance of up to $200 Million.
The withdrawal time usually never takes more than three hours, however, for a larger withdrawal request it can take up to two days.
The minimum deposit amount is $50.
Coinberry offers four different payment options, Interac e-Transfer, Wire transfer, cryptocurrency, and credit cards.
Yes, this is a goto exchange for all Canadians thanks to the zero-fee CAD deposits and the Crypto Tax tool for Canadians.
No, only people living in Canada are allowed to use the platform.