Coinberry alternatives

Compare the best alternatives to Coinberry alternatives for Canadian crypto traders.

By   |   Updated 22 Nov 2022

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Comparing Coinberry alternatives

Bitbuy

On website

Featured

Bitbuy

Highlights

  • Bitbuy and Coinberry both offer a limited selection of trading cryptocurrencies.
  • Bitbuy's trading and withdrawal costs are lower than Coinberry's.
  • Both exchanges use offline cold storage facilities for storing cryptocurrencies and both are FINTRAC-registered.

Pros

  • You can earn a signup bonus.
  • Competitive trading fees.
  • Assets are insured and held in cold storage.
  • User-friendly website and mobile app.

Cons

  • Deposit and withdrawal fees apply.
NDAX

On website

Highlights

  • Both NDAX and Coinberry have a relatively small selection of tradable cryptocurrencies.
  • The trading and withdrawal fees on NDAX are cheaper than those on Coinberry.
  • Both exchanges store cryptocurrencies in offline cold storage facilities.
  • Both NDAX and Coinberry are FINTRAC-registered and highly regulated exchanges.

Pros

  • Competitive trading fees at 0.2% for both selling and buying cryptocurrencies.
  • Get 24/7 customer support.
  • Earn by referring a friend.

Cons

  • Other exchanges have a larger choice of digital assets to trade.
  • Only available to Canadian residents
CoinSmart

On website

Highlights

  • Coinberry’s trading and withdrawal fees are less expensive than CoinSmart's.
  • Both exchanges list fewer digital assets to trade compared to some of their competitors, but they offer plenty for regular investors.
  • Both Coinberry and CoinSmart provide offline cold storage and are registered MSBs with FINTRAC.

Pros

  • Low trading fees.
  • Deposits are cleared within the day.
  • Supports CAD, EUR, and USD.
  • Get 24/7 customer support.

Cons

  • Limited coins.
  • Fee applies to credit card and debit card deposits.
Coinbase

On website

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Highlights

  • Coinbase has a wider selection of cryptocurrencies to trade than Coinberry, but Coinberry is cheaper.
  • Coinberry and Coinbase both have user-friendly interfaces that are suitable for both novice and experienced traders.
  • Both exchanges use offline cryptocurrency cold storage facilities.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Binance

On website

Binance

Highlights

  • Binance provides a huge selection of tradable digital assets compared to Coinberry, including altcoins, DeFi, and NFTs.
  • Binance is not ideal for beginner traders, whereas Coinberry is considerably more accessible.
  • Binance is not available in all areas of Canada, but Coinberry is available throughout the country.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
Shakepay

Highlights

  • Coinberry is less expensive than Shakepay, and it offers a broader selection of cryptocurrencies to trade.
  • Both Coinberry and Shakepay are suitable for both novice and experienced traders.
  • Coinberry and Shakepay have not had any serious security issues. Both store digital assets in offline cold storage wallets and are registered with FINTRAC.

Pros

  • Free transfers through Interac e-Transfer.
  • Commission-free.
  • Earn rewards.

Cons

  • Supports only Bitcoin and Ethereum.
  • Only available to Canadian residents
Newton

Highlights

  • Newton is more expensive than Coinberry for trading and withdrawing funds.
  • Both exchanges offer a rather small selection of tradable currencies; however, Newton's offering is continually expanding.
  • Both exchanges employ third-party cold storage facilities for storing cryptocurrencies. Coinberry uses Gemini cold storage.
  • Both exchanges are user-friendly for new crypto traders.

Pros

  • Clean user interface.
  • No commission fees.
  • Competitive spreads.
  • Earn $25 on its referral program.

Cons

  • Only accepts CAD deposits.
  • Verification times can be slow.
Kraken

On website

Kraken

Highlights

  • Kraken lets you trade more digital assets than Coinberry.
  • Kraken has lower trading and withdrawal fees than Coinberry.
  • Because of their simple and user-friendly interfaces, both exchanges are appropriate for novice traders.
  • Both Coinberry and Kraken employ offline cold storage and are FINTRAC- registered MSBs.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.