Coinberry is a Canadian cryptocurrency trading platform that has been around since 2017. The company is based in Toronto and is one of the most trusted websites for buying and selling crypto in Canada, with a good reputation and a solid security record.
Coinberry offers a wide range of payment methods, and it also has a mobile app for Android and iOS devices, so it’s easy to access and use. The platform also offers a variety of crypto-to-crypto and crypto-to-fiat pairs. Coinberry is a great option for beginners who want to learn more about crypto and trade it. It has an intuitive interface that is simple to use, and it also has a good selection of assets to choose from.
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Cryptos that can be traded via Coinberry’s easy to use platform include:
Coinberry doesn’t charge fees for CAD deposits or withdrawals. This means that you can deposit or withdraw your funds at no extra charge. However, there are fees for trading, which are calculated based on network activity and the current spread of prices on a given trade. A spread, by the way, is the difference between the immediate bid and ask (or buy and sell) prices.
First of all, Canada Buy Bitcoin Coinberry is a Canadian company and is especially great for crypto buyers and sellers who are doing business in Canada. The platform is regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC), which is like the Canadian equivalent of the US’s Financial Crimes Enforcement Network (FinCEN).
Secondly, Coinberry has an excellent user experience. It’s very intuitive, and it has a clean and modern interface that makes it easy to find what you’re looking for, even if you’re a beginner.
And finally, Coinberry is very secure. The platform offers many different security features and is fully compliant with all relevant regulations. Security is very important to Coinberry, so you can rest assured that you’ll be able to trade with confidence.
This is pretty subjective, and it’s hard to say how crypto that’s best for Canadian buyers is any different than crypto bought by people in any other country. Nevertheless, here are a few of the most popular cryptos in Canada:
The first two (BTC and ETH) are no surprise, since they’re arguably the most popular worldwide, and are also the top two in terms of market capitalization. Solana, however, is a little surprising given how new it is (it was founded in 2017 and launched in 2020). But Canadians seem to be really into it, and it’s one of the most popular cryptos in the country.
While Bitcoin and Ether are easily bought, sold, or traded on the Coinberry platform, the company doesn’t support any Solana transactions at the time of this writing.
Setting up an account on Coinberry is easy and free. You can do this by clicking on “Sign Up” on their website. You’ll be asked to enter your email address, create a password, and choose a username. Once you’ve done that, you can then log in with your new credentials.
Before you make any transactions, you’ll have to verify your identity using a government-issued photo ID. This verification usually takes less than 24 hours to complete if you have a valid Canadian ID.
Once your identity is confirmed, you can create a custodial wallet for any of their available crypto assets. You should also have an external wallet available to store large amounts of crypto, preferably a hardware wallet (or “cold” wallet) with a recovery phrase. Coinberry doesn’t charge any extra fees for depositing or withdrawing from your custodial wallets.
You’ll need to add funds to your account before you can buy any crypto. There are numerous electronic transfer methods available on the platform, including credit card, Wire Transfer, and Interac e-Transfer. You can also fund your account by transferring assets from external crypto wallets (including BTC and ETH). Electronic funds transfers can take one business day or longer but many are instantaneous or within hours.
Once your account is funded, you can buy crypto on the Coinberry website using any of their supported payment methods. You can buy crypto with CAD or USD using bank transfers or Interac e-Transfers. You can also buy crypto using crypto from your external storage.
The best way to buy crypto on Coinberry is by taking advantage of their limit order function. Limit orders allow you to set a price that you’re willing to pay for an asset, but they won’t execute until the price hits or exceeds that limit price. So, if you want to buy 1 BTC at $27,000 per coin, and the price of BTC has been steadily dropping toward that number over the past few days, you can set up limit order for 1 BTC at $27,000 and wait until the price hits or goes below that price before executing the order.
In order to transfer your crypto from Coinberry to an external wallet (such as a hardware wallet), you need the address for your specific crypto wallet. It’s important that you only copy and paste this address and not try to type it out one character at a time because even if you get just one character wrong, you can lose your crypto forever.
There should be an easy way to copy your crypto address in your external wallet’s software interface, which usually has a highly visible button right next to the alphanumeric address that allows you to copy in one simple click. Go through the steps in your Coinberry account to designate how much crypto you want to withdraw, and paste your external wallet address in the given field. Then complete your transfer.
Conclusion
Coinberry is a great option for buying or selling cryptocurrencies in Canada. It’s very easy to use and features a growing list of crypto assets to choose from, including some lesser-known cryptos that aren’t as popular as Bitcoin and Ethereum. It’s a great option for Canadians as well as for buyers, sellers, and traders elsewhere.
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