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We use dedicated people and clever technology to safeguard our platform. I would highly not recommend to work with this scam company. And if i would meet this people in reality i would spit in their face.

Over 5% of Canadians own Bitcoin according to a 2018 report by the Bank of Canada. We provide you with some of the lowest prices across your trading experience. Synthetix is an Ethereum-based platform for issuing synthetic assets, the cryptocurrency equivalent of derivatives.

Canadian Crypto Exchange Coinberry Files Lawsuit Against 50 Users After Losing 120 BTC – CoinDesk

Canadian Crypto Exchange Coinberry Files Lawsuit Against 50 Users After Losing 120 BTC.

Posted: Thu, 08 Sep 2022 07:00:00 GMT [source]

It stated that its independent financial audit had been completed effectively in January 2019. Headquartered in Canada, Coinberry was founded in the year 2017 to aid the crypto trading requirements of the users. Being a potential crypto investor, you might be interested to know why should you use this platform despite the availability of several other exchanges. Well, this is one of the few crypto exchanges that are FINTRAC-registered, meaning that it shows great features of trustworthiness. Netcoins is fast becoming one of Canada’s most reputable and trusted crypto exchanges. The fact that it is fully compliant and regulated means that you can be sure it’s not a scam exchange.

Deposit methods for Canadians

Ultimately, there is no clear answer to the best Canadian crypto exchange. As cryptocurrency becomes more sophisticated in Canada, every crypto exchange is expected to improve dramatically. The list of the top crypto exchanges in Canada may change yearly, so keep up-to-date with the latest cryptocurrency trends. With research and dedication, you’ll find the best crypto exchange Canada tailor-made for your interests.

registered with fintrac

One can get paid in Bitcoin, immediately convert it into Canadian dollars, and deposit it into their bank account. Coinberry complies completely with FINTRAC’s Anti-Money Laundering and Know-Your-Customer standards. This implies that users must first verify their accounts before they can begin depositing cash. Users can find live cryptocurrency data and the latest price of Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash in Canadian dollars on Coinberry.

Coinbase Canada

This is why many coinberry review crypto investors prefer Uphold over others. Named after Isaac Newton, this Canadian crypto exchange inspires confidence and innovation. Unlike most crypto exchanges, Newton’s fee structure is based on price spread instead.

Coinberry has a lot of good points going for it, but there are a few downsides of this crypto exchange. If you want to read about these disadvantages in a bit more detail, you can click on the respective jump links below. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I do not consider the issue to be resolved as I still haven’t received the transfer of the remaining funds from my «now closed» Coinberry account to my bank. Coinberry may potentially provide users with a trade credit of up to $300 in addition to the referral benefit, depending on the number of individuals they recommend. Every Coinberry account comes with a free & unique Coinberry Pay link.

Coinberry Reviews

I repeatedly requested the funds to be returned and the account closed but they are adamant that I can only have my bank retract the funds or open a business account. My bank has indicated that they already deposited the funds and that all they indicated that I can only request a refund from Coinberry. Given that my funds came from my business account the deposit should have been rejected at the onset and I would have used a different bank account to fund my purchase. Instead they accepted my funds and then decided to hold my money hostage until I open a new account. Users have the option to withdraw cryptocurrency from their Coinberry account.

This particular platform is more a cryptocurrency store than a cryptocurrency exchange. They sell cryptocurrency from their own inventory, and do not facilitate transfers from one Coinberry-user to another. CoinSmart’s trading fees are just 0.2% and they offer the ability to trade crypto to crypto pairs without having to sell to Bitcoin or Ethereum first. Good customer service is imperative when it comes to the best cryptocurrency exchange platforms.

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

Coinberry does not have Live Chat support, which can be frustrating when you are stuck with an issue. There is customer support via email, but it’s no substitute for a good Live Chat service. If responsive customer support is important to you, VirgoCX is a topCanadian crypto exchangewith Live Chat.

Now my account is restricted and I can no longer access or see any of my assets. Attempts to contact customer service have gone unanswered and the only contact point is email. As this is part of an internal review or investigation, we cannot provide any further details. Given this assessment, there are no further actions that can be taken, and we therefore deem this issue to be resolved.

If they want to access it via mobile, they have to download the app through the Play Store or the App Store. While joining, Coinberry automatically provides a $20 bonus if a referral link is used. The lowest financing amount is $50, and the maximum funding amount is determined by the financial institution (often between $3000 and $50000). Coinberry, like Expedia, employs its own algorithm to secure cryptocurrency rates from exchanges around the world. Withdrawals depend on the network and to withdraw bitcoin to a private wallet takes only a few minutes but can take up to 10 minutes. All data mentioned in this detailed read is curated with the aim of helping you in elevating the utility you experience via your Coinberry Login account.

CoinSmart is a solid crypto exchange in Canada, ideal for beginners and casual cryptocurrency hobbyists. Launched in 2018, this growing company offers a steady portfolio with the 16 top cryptocurrencies. CoinSmart is headquartered Toronto, Ontario and founded by two Canadian crypto enthusiasts. Binance is a safe crypto exchange used by many investors worldwide. The platform is supported by advanced servers and sophisticated security technology. However, the company has faces continuous scrutiny from regulators, governments, and financial institutions.

Coinberry Review: Pros and Cons

The withdrawal fees are 0.0005% for Bitcoin, 0.0063% for Ethereum, and 0.02% for Litecoin. Coinberry does not support withdrawals for other popular cryptocurrencies. Yes, Coinberry is a very safe exchange for Canadian users, with institutional grade crypto protection. Their digital assets are protected by Gemini Trust Company LLC™, the most regulated, secure and compliant digital asset custodian in the world, with $200 million in insurance coverage.

You may occasionally encounter lower than expected https://forex-reviews.org/ fees with this crypto exchange. Mogo’s function is similar to a crypto broker for beginners rather than a full-fledged crypto exchange. The company’sprimary focus is on Bitcoin buying and selling, offering no other crypto asset for trade. Mogo is an expert in Bitcoin, offering competitive fees that rival the top Canadian crypto exchanges.


While that is true, they are continually growing their selection, and if you are new to cryptocurrency, most of the big coins you have heard of will be available to buy here. If you are after a crypto exchange with more coins, you can try out Binance with over 300+ coins, or KuCoin, with over 250+ coins. I have had a verified personal account with Coinberry for a few years. I sent $3,000 from my business account to my coinberry account in error. They indicated to me that I needed to provide my articles of incorporation to authenticate my ownership.

  • Since its inception in 2018, this Toronto-based crypto exchange nowprovides approximately 60 different crypto assetsin its vast portfolio.
  • We’re here to listen and make your experience as smooth as possible.
  • You will find top cryptocurrencies such as Bitcoin or Ethereum on this crypto exchange.
  • Mogo’s function is similar to a crypto broker for beginners rather than a full-fledged crypto exchange.

Coinberry offers Canadians a simple-to-use trading platform to purchase cryptocurrency. Simply send an Interac e-Transfer or a bank transfer and you can buy crypto in minutes. If you’re looking for crypto exchanges in Canada, then Uphold is a great choice. You can keep all of your investments in one place and swap different asset types in seconds.

It has the distinction of partnering with the Town of Innisfil and the City of Richmond Hill. Earlier in 2019, Innisfil made national headlines for being the first Canadian town to embrace cryptocurrency. The company had an exciting development in 2021 when the Ontario Securities Commission officially approved its registration.

CoinSmart has a complex fee structure to accommodate the dynamic scenarios in the crypto market. In Canada, its trading fees are 0.20% for single trades and 0.30% for double trades. Fortunately, this growing company is developing exciting new features to compete with the largest crypto exchanges.

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