Coinberry Review: Is It A Scam Or A Legit Crypto Exchange For Canadians?

Coinberry Review: Is It A Scam Or A Legit Crypto Exchange For Canadians?

Next in our Coinberry review we’ll go over some of the pros and cons of the user experience. Although it can be turned off and biometric login features for the platform that you’re using, but in terms of the platform’s security measures, you don’t have to worry about a thing. Coinberry is one of the few online crypto-coin platforms that provides “Live Support for all your Bitcoin queries,” which is a feature that is becoming more rare. The handling of tax payments makes advantage of this cooperative effort. Coinberry may be accessed via a variety of mediums, including mobile devices and the web. As of the beginning of 2019, Coinberry is the first and leading cryptocurrency platform that has cooperated with municipal governments throughout Canada.

How long does it take to withdraw money from Coinberry?

It may take as little as one minute to sign up for a Coinberry account and make a purchase of Bitcoins using that account. The Customer Service is excellent and will get back to you quickly if you have an issue. Transactions are fairly quick depending on which bank you use. Normally they take a few hours…sometimes longer depending on the volume going through. 1 The use of “featured”, “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer.

Coinberry Review (January – Pros, Cons, Features, & Pricing

These metrics can help users understand how active their account is, how much they are spending on the platform, and how often they are using it. You’ll need to send your cryptocurrency from an external wallet to your Coinberry wallet to fund your account. Following the introduction of Bitcoin property tax payment processing in the Town of Innisfil and the City of Richmond Hill.

I have had no negative experiences…

Our main concerns are the potentially high trade fees and the lack of more advanced tools aimed at expert traders. Coinberry is an excellent digital asset trading platform that offers a healthy variety of cryptocurrencies and simple but highly functional mobile and web apps. This New York State trust company offers an unprecedented $200 million in insurance for the funds in its cold storage.

• I am over 70 years old and this was my first time on a cryptocurrency platform.
• Some comments suggest that customers do not find them completely honest; however, most describe them as extremely fast, friendly, and professional.
• These metrics can help users understand how active their account is, how much they are spending on the platform, and how often they are using it.
• This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated.
• Coinberry may be accessed via a variety of mediums, including mobile devices and the web.
• This streamlines the investing experience and allows you to dollar cost average over time.
• Since the inception of Bitcoin in 2008, more than 1000 different cryptocurrencies and 600 crypto exchanges have flooded the market.

Investment Products

• Great customer service and I feel very great about their security as there are so many check points regarding transactions.
• Coinberry Pay is a straightforward payment processing solution that is provided to traders on the Coinberry platform.
• Coinberry was the first digital currency platform to partner with a Municipal Government for Bitcoin tax payment processing in Canada.
• Coinberry sets the buy and ask prices themselves, and this is how they generate revenue.
• They provide a comprehensive FAQ section on their website and mobile app (available on Android) to compensate for this limited customer support.

Coinberry holds an average 3.6-star rating on Trustpilot, with 47% of reviews rated as excellent. Our deposit via Interac e-Transfer took five minutes to be deposited into our Coinberry account. Coinberry’s spread ranges from 0% to 2.5%, which is relatively high. The spread can also fluctuate depending on the liquidity of an asset—higher liquidity and trading volume generally result in smaller spreads. No, only people living in Canada are allowed to use the platform.

Coinberry Trading Platform

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. Although Coinberry is very secure and has never been hacked since its establishment in 2017, there is always a small chance of it occurring.

Coinberry Fees & Spreads

I have been locked out of my coinberry review account before and was unable to access my crypto. Coinberry stands out among cryptocurrency exchanges with its variety of features, excellent customer support and easy-to-use interface. Next is to add funds to your new Coinberry account using e-transfers or wire transfers. Once you successfully add funds to your account, you will be able to buy or sell digital assets on the platform. Many crypto exchanges claim to have no trading fees, but that is never really the case.