This FAQ covers the most common questions about Coinberry, a Canadian cryptocurrency platform. It provides a comprehensive overview of its services, fees, security, and more, updated for 2026.

What is Coinberry?

Coinberry is a Canadian cryptocurrency exchange and trading platform that allows users to buy, sell, and hold digital assets like Bitcoin, Ethereum, and others, with a focus on simplicity and regulatory compliance.

Founded in 2017, Coinberry is headquartered in Toronto and is registered as a Money Services Business (MSB) with FINTRAC. It aims to make crypto trading accessible to Canadians, offering a user-friendly interface and features like instant purchases and a crypto-backed Mastercard.

Is Coinberry safe and regulated?

Yes, Coinberry is considered safe and regulated in Canada, as it is registered with FINTRAC as a Money Services Business (MSB) and complies with Canadian securities laws.

Coinberry holds a majority of customer funds in cold storage and offers insurance coverage for digital assets held on its platform. It also implements two-factor authentication (2FA) and other security measures to protect user accounts.

What are the fees on Coinberry?

Coinberry charges a fee on every transaction, which is typically around 1% for trades, but fees can vary depending on the payment method and transaction size.

For example, buying crypto with a credit card or bank transfer may incur different fees. It's important to check Coinberry's fee schedule on their official website for the most up-to-date information, as they may adjust pricing over time.

How do I buy cryptocurrency on Coinberry?

To buy cryptocurrency on Coinberry, you first need to create an account, complete identity verification, and then fund your account via bank transfer, credit card, or Interac e-Transfer.

Once funded, you can select the cryptocurrency you want to buy, enter the amount, and confirm the purchase. Coinberry's platform is designed for ease of use, making it simple for beginners to make their first crypto purchase.

What cryptocurrencies are supported on Coinberry?

Coinberry supports a range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), among others.

The specific list of available coins may change over time, so it's best to check Coinberry's website or app for the current offerings. They focus on established coins rather than speculative altcoins.

How does Coinberry compare to other Canadian exchanges like Shakepay or Newton?

Compared to Shakepay and Newton, Coinberry offers a similar basic service but with some differences in fees, supported coins, and features like the Coinberry Card.

  • Fees: Coinberry's fees are comparable to Shakepay's, while Newton may offer zero-spread on some trades.
  • Coins: Newton supports more cryptocurrencies than Coinberry or Shakepay.
  • Card: Coinberry offers a crypto-backed Mastercard, which Shakepay and Newton do not.

Your choice depends on whether you prioritize low fees, coin variety, or additional perks like a card.

Can I use Coinberry in the United States or other countries?

No, Coinberry is primarily available to residents of Canada, and its services are not offered to users in the United States or other countries.

Coinberry's platform is tailored to Canadian regulations and banking systems, so international users would need to look for a local exchange that supports their region.

What is the Coinberry Card and how does it work?

The Coinberry Card is a prepaid Mastercard that allows users to spend their cryptocurrency at any merchant that accepts Mastercard, with funds loaded from their Coinberry account.

The card automatically converts your crypto to Canadian dollars at the point of sale, making it easy to use digital assets for everyday purchases. It's a convenient way to bridge the gap between crypto and traditional finance.

Final Thoughts

Coinberry is a solid choice for Canadian cryptocurrency beginners due to its regulated status, user-friendly interface, and additional perks like the Coinberry Card.

While its fees may be slightly higher than some compe*****s, the security and convenience it offers make it a reliable platform for buying, selling, and spending crypto.

As always, do your own research and consider your individual needs before choosing a cryptocurrency exchange.