Coinberry review
- Fiat currencies
- 1
- Supported assets
- 24
Our verdict
Canada’s first regulated crypto-only trading platform, Coinberry, offers simple and straightforward crypto buying and selling.
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.
Pros
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Competitive prices
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0% deposit and withdrawal fees
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Coinberry Pay
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Quick sign-up
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First fully regulated exchange in Canada
Cons
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Lack of earning tools (staking, farming, lending)
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Limited customer service options
Details
Product details
| Product Name | Coinberry Cryptocurrency Exchange |
| Fiat Currencies | CAD |
| Cryptocurrencies | BTC, ETH, LTC, XRP, BCH, XLM & 18 more |
| Deposit Methods |
Credit card Debit card Interac e-Transfer Wire transfer |
| Trading Fee | 0.5% |
| Deposit Fees | None |
| Withdrawal Fees | None |
Ratings methodology - how we scored Coinberry
| Supported cryptocurrencies | ★★★★★ |
| Transferring money or assets | ★★★★★ |
| Fees and costs | ★★★★★ |
| Ease of use | ★★★★★ |
| Customer service | ★★★★★ |
| Features | ★★★★★ |
| Staking/earn | ★★★★★ |
| Trustworthiness/security | ★★★★★ |
How we rate our crypto exchanges and platforms
Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.
Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.
About Coinberry — company background
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.
Listed Coinberry crypto exchange assets
Coinberry supports over 24 cryptocurrencies, but some notable assets are missing. Namely, Tether, Solana and BNB, which are in the top 20 cryptos by market cap. In total, 7 of the top 20 cryptos are available on Coinberry.
Popular assets on CoinberryCoinberry fees
Deposit & withdrawals fees
| Transaction type | Fee |
|---|---|
| Deposit funds | None |
| Withdraw funds | None |
Coinberry deposit methods
- Credit card
- Debit card
- Interac e-Transfer
- Wire transfer
How to sign up on Coinberry exchange
Before you can even get started trading on Coinberry, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Coinberry's commitment to certifications and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Coinberry account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Coinberry.
Is Coinberry safe?
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 centralised 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.
Past hacks. Coinberry was founded in 2017 and has not experienced any hacks or data leaks to date.
Security audits. Coinberry’s cold storage custodian Gemini Trust Company, LLC is subject to the New York Department of Financial Services cybersecurity regulations. It is the first cryptocurrency exchange to complete SOC 1 Type 2 and SOC Type 2 examinations and receive an ISO 27001 certification.
Coinberry undergoes annual third-party audits and is fully regulated by FINTRAC.
Insurance. Coinberry uses the third-party digital asset custodian Gemini Trust Company, LLC to manage $200 million in insurance coverage.
Keeping your crypto secure
All centralised exchanges, including Coinberry, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Coinberry 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.
Alternatives to Coinberry
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