Introduction
Coinberry is a Canadian fintech company providing digital currency trading services for wholesale and retail investors. The company was founded in 2016 by Andrei Poliakov and Sergei Sergienko, two experienced veterans in the field of online investments. Coinberry is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB). This allows them to offer their services to clients across the country. The company offers two main platforms for trading: a retail platform for individual investors and a institutional platform for larger investors. Both platforms offer a wide variety of digital currencies, including Bitcoin, Ethereum, Litecoin, Ripple and more. Coinberry also has a strict anti-money laundering (AML) policy in place. They require all clients to verify their identity before they can start trading. In this Coinberry review, we will take a look at the regulations, platforms, instruments and ratings of this Canadian fintech company.
What is Coinberry?
Coinberry is a Canadian digital currency trading platform that allows users to buy and sell Bitcoin and Ethereum using their Canadian bank account. Coinberry is one of the first cryptocurrency exchanges to be registered with FINTRAC, making it a safe and secure platform for Canadians to trade digital currencies.Coinberry offers two main trading platforms: a web-based platform and a mobile app. The web-based platform is simple and easy to use, while the mobile app is more suited for advanced traders. Both platforms allow users to buy and sell Bitcoin and Ethereum with CAD.Coinberry also offers a unique feature called “Auto-Sell”. With Auto-Sell, users can set a target price for their Bitcoin or Ethereum holdings, and when the price reaches that target, their coins will automatically be sold for CAD. This is a great way to protect your investment from volatility in the cryptocurrency markets.
How does Coinberry work?
Coinberry is a Canadian based crypto exchange that allows you to buy and sell digital currencies using your local currency. The company uses advanced security measures to keep your funds safe and secure. Coinberry is a member of the Canadian Securities Exchange (CSE), which is a regulatory body that provides protection for investors.
The company has two main platforms that you can use to buy and sell digital currencies, which are the Coinberry Exchange and the Coinberry Trading Platform. The Exchange is designed for those who want to buy and sell large amounts of digital currency, while the Trading Platform is better suited for those who want to trade smaller amounts more frequently.
Coinberry also offers a variety of different instruments to trade with, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero, and more. You can also use fiat currencies such as CAD or USD to buy digital currencies on the Coinberry platform.
Coinberry has very high ratings from users and experts in the industry. The company has been featured in numerous media outlets such as Forbes, Bloomberg, CBC News, and more.
What platforms and instruments does Coinberry offer?
Coinberry is a Canadian cryptocurrency trading platform and exchange. It offers users the ability to buy and sell Bitcoin, Ethereum, Litecoin, and other digital currencies using Canadian dollars. Coinberry also offers a mobile app for Android and iOS devices.
Coinberry is one of the few exchanges that are registered with FINTRAC and adhere to AML/KYC guidelines. This means that Coinberry is compliant with Canadian laws and regulations.
The platform is designed for both experienced traders and those who are new to the cryptocurrency market. The interface is user-friendly and includes charting tools and order types. Coinberry also offers 24/7 customer support.
Coinberry charges a 1.5% fee on all trades. There are no deposit or withdrawal fees.
Supported payment methods include: Interac e-Transfer, Interac Online, Credit Card, Wire Transfer.
How is Coinberry regulated?
In order to ensure the safety and security of its users, Coinberry is a regulated platform. It is licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business. This means that it is subject to strict anti-money laundering and anti-terrorist financing laws and regulations.
Coinberry is also a member of the Canadian Virtual Exchange Association (CVECA), which is a self-regulatory body for the Canadian cryptocurrency industry. As a member, Coinberry agrees to adhere to best practices in customer protection, KYC/AML compliance, and risk management.
What are the ratings for Coinberry?
Coinberry is a Canadian based crypto exchange that allows users to buy and sell cryptocurrencies. The company is headquartered in Toronto, Ontario and was founded in 2016. Coinberry is one of the few exchanges that allows users to buy and sell cryptocurrencies using fiat currencies. The company has a strict know-your-customer (KYC) policy and AML/CTF compliance program.
Coinberry has a 4-star rating on TrustPilot with over 60% of reviewers rating the platform as “excellent.” On CryptoCompare, Coinberry has a 4 out of 5 star rating, with users praising the platform for its ease of use, low fees, and good customer service.
Conclusion
All in all, Coinberry is a reliable and safe platform for Canadians to use when buying and selling Bitcoin and other cryptocurrencies. The company is registered with FINTRAC, which gives it some credibility. However, the biggest drawback of this exchange is that it only supports a limited number of cryptocurrencies, which might not be ideal for users who want to have more options.