Coinberry is a Canadian cryptocurrency trading platform that supports 19 different coins.
This crypto platform is available on all devices and is FINTRAC-registered.
When you sign up for a new account using our Coinberry referral code (3b28a1568bc) or referral link, you get a $40 bonus after trading at least $50 worth of crypto.
Coinberry Referral Code and Referral Program
As already noted, new Coinberry users get a $40 bonus when they sign up here or use this Coinberry referral code (3b28a1568bc).
This welcome bonus is credited to your account after you have verified it and bought at least $50 worth of crypto in one trade.
You can choose to withdraw the bonus to your bank account or purchase crypto.
As a member, you can also invite new referrals using your unique Coinberry referral code or link.
You both get $20 trading credit when they verify their account and trade at least $50 in one go.
In addition, you earn extra bonuses (trading credit) when you refer multiple friends as follows:
- Refer 5 friends: $25 bonus ($125 total)
- Refer 10 friends: $50 bonus ($275 total)
- Refer 15 friends: $100 bonus ($475 total)
- Refer 30 friends: $300 bonus ($1075 total)
What is Coinberry?
Coinberry is a cryptocurrency trading platform based in Toronto, Canada.
It was founded in 2017 and is the first crypto platform to partner with a municipality, allowing residents to pay their property taxes using Bitcoin.
More recently, Coinberry was granted relief by the Ontario Securities Commission (OSC) to offer crypto products across all Canadian provinces and territories.
It is available via a web interface and also has an app for iOS and Android devices.
What Coins Does Coinberry Offer?
Coinberry supports a large selection of digital assets including:
|Bitcoin Cash||Synthetix||Basic Attention Token|
How Does Coinberry Work?
Trading cryptocurrency with Coinberry is easy. To get started, sign up here ($40 bonus).
They offer instant account verification for most customers after you have entered your account details.
If instant verification does not work, you will need to very manually by uploading a government-issued ID (e.g. driver’s license or passport).
If there is a need to verify your address manually, you can upload a recent utility bill or bank statement.
Following verification, you can fund your account using Interac e-Transfer, wire transfer, or a crypto deposit from an external wallet.
After, purchase any crypto you are interested in.
Coinberry does not have a fee for deposits and withdrawals.
Note that minimum thresholds apply to withdrawals and deposits depending on the transfer type.
|Interac e-Transfer deposit||–||$10,000||Instant|
|Interac e-Transfer withdrawal||$100||$5,000||Instant|
|Wire transfer deposit||$10,000||$500,000||2-3 business days|
|Wire transfer withdrawal||$10,000||$500,000||2-3 business days|
Crypto deposits are also free; however, fees apply when you withdraw.
Withdrawal minimums for crypto are:
Note that Ripple (XRP) is no longer supported by Coinberry.
How about trading fees?
Coinberry does not charge a specific trading fee. It makes money from the ‘buy’ and ‘sell’ price spreads which may vary between 0% and 2.50%.
Is Coinberry Safe and Legit?
Coinberry is a legitimate company that is registered as a Money Service Business with the Financial Transactions and Reports Analysis Centre (FINTRAC).
As per its website, it is also PIPEDA complaint when it comes to protecting your private information.
It uses 2-factor authentication and 97% of the coins on the platform are held in cold storage with Gemini Trust Company LLC.
As with all things crypto, you should consider moving your assets off the exchange into a personal cold wallet for increased security.
Pros of Coinberry
Some benefits offered by Coinberry include:
- Supports 18 coins
- OSC and FINTRAC registered
- 97% cold storage policy
- Available on all devices
- User-friendly platform
Cons of Coinberry
- Price spread is up to 2.5%
- No advanced trading tools or options
- $50 minimum trading deposit
Here’s how Coinberry compares to other Canadian crypto platforms like Shakepay, Bitbuy, and NDAX.
Coinberry vs. Bitbuy
Bitbuy is a crypto exchange established in 2016. It supports 9 coins including BTC, ETH, LTC, AAVE, LINK, BCH, XLM, XRP, and EOS.
Bitbuy has a 0.1-0.2% trading fee, and up to 1.50% fee on deposits and withdrawals.
When you open a new account and deposit $250 at once, you get a $20 bonus.
Coinberry vs. NDAX
NDAX is another crypto exchange like Bitbuy with advanced charting and order types. It was founded in 2018 and offers 19 coins including many of the popular ones.
This platform has one of the lowest trading fees at 0.20% and deposits are free.
Coinberry vs. Shakepay
Shakepay supports two coins (Bitcoin and Ethereum) and was founded in 2015. Like Coinberry, it does not have fees for deposits, withdrawals, and trading.
That said, the price spreads can be up to 2.5%.
You get a $10 bonus when you open a Shakepay account and buy at least $100 worth of crypto. Learn more in this Shakepay review.
Coinberry Referral FAQs
Get a $40 bonus when you sign up using our valid Coinberry referral code 3b28a1568bc and buy at least $50 worth of crypto.
Yes, Coinberry now offers DOGE and 17 other digital currencies.
Yes, Coinberry has standard precautions in place to protect your crypto trading including 2FA, encryption, and the use of cold storage. You should move digital assets offline to increase their security.