Coinberry Review: Why Are They Shutting Down?: Why Are They Shutting Down? September 2025

Bitbuy and Coinberry are both very safe platforms, but Bitbuy wins as it is the most trusted and secure exchange in Canada and hasn’t been hacked since its establishment in 2016. Coinberry users have access to Coinberry Pay which allows them to get paid in BTC into their Coinberry account. They can share a link to anyone or even add a Coinberry Pay button on their website so others can pay or donate in Bitcoin.

Coinbase review

If you want to trade altcoins, crypto futures and more without KYC, BYDFi is one of the top apps we found. Kraken Pro is fully regulated in Canada and offers 250+ cryptos, professional trading, and high liquidity. According to our test, Coinberry had a total BTC purchase fee of 2.44% (11th overall). The total BTC selling fee was 1.71% (10th overall) and the BTC spread was last place at 4.19% (18th overall). To compare, NDAX had a total BTC purchase fee 0.49% (1st place), Coinbase was 4.54% (17th place), and Crypto.com was 1.68% (9th place).

Coinbase Canada

• Available on both Android and iOS, this app is designed to make your cryptocurrency experience seamless and convenient.
• Our goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals.
• These include through Interac e-Transfer, Credit Card and Wire Transfer.

They also self-promote as an inexpensive option, but that’s not the case. Based on my tests, Coinberry charges a total fee of 2.44% to buy Bitcoin (11th overall) and a Bitcoin spread of 4.19% (ranking 18th). Let’s find out what services are offered by Coinberry, to make it such a popular crypto exchange in Canada. You also have the option of transferring Canadian dollars to Coinberry via wire transfer.

Credit or Debit Card

This information can easily be passed onto law enforcement if requested. Any crypto exchange has the ability to freeze your account if they suspect suspicious behaviour such as trading larger amounts, or more frequently, than usual. The Coinberry platform is well-suited for beginners, thanks to its simple and modern layout that provides a pleasant trading experience. To purchase crypto, you simply click the buy button and use the funds in your fiat wallet. Coinberry provides robust security measures to protect users’ assets. The platform has a $200 million insurance policy with Gemini Trust Company LLC™ and states that it is backed by a financial insurance bond to cover unethical acts by its employees.

Key to this is the fact that Coinberry is FINTRAC registered as a Money Service Business. 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 stands out among cryptocurrency exchanges with its variety of features, excellent customer support and easy-to-use interface.

Is Bitbuy legit?

We also think that although the trading platform was designed for beginner traders, it lacks any other advanced features and functionality. They should consider adding a slightly more “advanced” secondary platform for those users who would like to trade in a more professional manner. The Coinberry short selling feature is really quite simple and allows for one click ordering. This makes it that much more beginner friendly than the short selling procedures that are available on more advanced margin trading platforms. This is perhaps one of the only Canadian exchanges that offers free withdrawals and deposits on CAD funding.

Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service. With Interac-Transfer, Coinberry has tapped into a service used by over 250 financial institutions in Canada, making it convenient and seamless for users to transfer funds securely. Coinberry, the Canadian cryptocurrency exchange established in 2017, has undoubtedly made a name for itself in the world of digital currency. Co-founders Andrei Poliakov and Evan Kuhn set out with a mission to simplify cryptocurrency investing for Canadians, and they’ve done just that. These are some of Canada’s best known and most popular crypto exchanges.

• Because of the financial risks involved when buying, selling and trading crypto-coins, you always want to go with a reputable platform that’s been operating for at least a few years.
• When your account is all set up and fully verified, you will need to fund your account.
• Overall, Binance is one of the lowest-fee crypto exchanges in Canada, outmatching many alternatives.
• We used this to buy Bitcoin, and Coinberry provided a preview of the order before submission.
• Coinbase offers a free cryptocurrency wallet as an incentive for beginners.

The total fees, including the spread, came to $3.00, which equals a 2.5% fee—relatively high. In comparison, had we made this purchase at Newton, we would have paid a total fee of just $1.08 or 0.90%, making Newton a significantly cheaper option. We have signed up to numerous Canadian crypto exchanges and Coinberry asks the most questions related to employment, finances and investing. The platform also offers an autotrading feature, allowing you to set up orders that execute automatically on specific days and times.

Coinberry Referral Code and Review 2025: $20 Bonus

It has a low trading fee of 0.20% and tighter spreads than the ones at Coinberry. However, Bitbuy has the highest Interac e-transfer deposit and withdrawal fees in Canada at 1.50%. To withdraw your crypto, Newton will cover the mining fees up to $5, while Coinberry charges a flat fee for the same service. CoinSmart is a top Canadian crypto exchange for speedy transactions. The crypto market is dynamic and constantly changing, so CoinSmart’s systems are streamlined to ensure users never coinberry review miss a moment of action.

This is quite an important point when you consider that most deposits / withdrawals at other exchanges are on average 3% one way. Coinberry is a Canadian cryptocurrency exchange that was developed in 2017 to make it easy for Canadians to purchase Bitcoin, Ethereum and Litecoin. The platform also has a high level of security, which can be beneficial for users that are trading in lots of cryptocurrencies with different levels of market value. Coinberry is a Canadian cryptocurrency exchange that takes security seriously. It employs multiple security measures such as two-factor authentication (2FA) which requires email confirmation whenever there is a login attempt from a new IP address or device. However, NDAX slightly edges it out with its support for more cryptocurrencies and lower fees to buy crypto.

Calculations in comparison tables will vary based on personal data input. We do this by providing a free comparison service as well as product reviews from our editorial staff. Funding your account with e-Transfer is simple and can be completed in a few steps. First, you need to add Coinberry as a recipient, then, you need to enter the amount you would like to fund your Coinberry account with. Make sure to include your Coinberry Account Number in the message field of the e-Transfer.

Compare Canada’s

This trading platform has a fast verification process for new accounts, allowing novices to jump in and start trading right away. CoinSmart currently accepts deposits in Canadian (CAD), American (USD) and Euro (EUR) currencies. However, Binance Coin users can have a further discount applied to their trading fees. Bitbuy accepts Interac e-Transfer deposits and withdrawals with a 1.5% fee. The company also takes bank wires with a 0.5% deposit fee and 1% withdrawal fee. Most crypto traders feel that desktops give the best conditions for their trading.

This means that your coins are stored in an offline environment where they cannot be hacked or stolen. The exchange has been around for a while now, and they have built up a solid reputation as one of Canada’s best crypto exchanges. Coinberry is one of the best exchanges available in Canada because of their focus on security and an easy onboarding process for new users. By subscribing to all regulations and security protocols, Coinberry is a great option for anyone new to the space. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada. Some people have written reviews of Coinberry stating that their accounts have been blocked.