Practical Information On The Coinberry Cryptocurrency Exchange
Coinberry offers a quick and easy method for
Canadians to buy bitcoin and ether using Interac bank transfers. The exchange
started using Interac support just at the appropriate time in mid-2018 when
many Canadian banks started announcing restrictions on customer’s ability to
buy cryptocurrency. Although Coinberry is a user-friendly platform, it is not
the ideal tool for a regular trader. Even though the company bills itself as
offering a zero-fee crypto service, this is not entirely true. The exchange
earns a profit each time one of their customers places an order. It does this
by offering less-than-favorable prices to the customer at the time of purchase.
The Pros
· The exchange integrates with Canada’s most favored
crypto exchanges.
· The platform has highly-rated mobile apps for Android and iOS.
· Leadership possesses significant business
experience.
· No fees are charged for withdrawing fiat money.
· Immediate identity verification is done via
TransUnion/Equifax.
· No fees are charged for withdrawals and deposits.
The Cons
· The service is only available in Canada.
· “Dynamic” transaction fees might be high or low,
contingent on a series of factors.
New Partnership With New Features
Coinberry publicized a new feature in July of 2018 –
Interac integration. Interaction is a payment network that permits Canadian
residents to utilize their bank account to pay for services and goods. You
can find
the report on Crypto Head.
News of the latest feature came at the appropriate time for cryptocurrency
aficionados in Canada. Several Canadian banks had declared new restrictions on
customers, preventing them from buying cryptocurrency. In the same month,
Coinberry announced that they would be collaborating with the Toronto-based
cryptocurrency exchange, Bunz. Bunz offers a digital currency named BTZ that
exchange rewards to traders. In turn, traders can then utilize BTZs to purchase
goods in various breweries and coffee shops in Toronto. This agreement allows
people to deposit BTZ into their Coinberry account and converting them into
dollars.
Regulatory And Legal Compliance
Coinberry advertises itself as being Canada’s first
federal registered commission-free cryptocurrency trading platform. As part of
their statutory compliance scheme, the exchange upholds written documents that
outline its responsibilities under the law. It also employed a compliance
officer to ensure these responsibilities are met. Moreover, Coinberry regularly
reviews its Anti-money laundering (AML) policies to check whether or not they
are efficient.
Coin Listing
Coinberry presently lists only two marquee crypto
coins, bitcoin, and ether.
Customer Support
In comparison to most other cryptocurrency
platforms, Coinberry has a customer support hotline: 1 (888) 616 2646. Besides,
phone support, the support team handles technical issues and responds to
questions via email. The official Coinberry site has a blog and a FAQ age, but
it does not have a detailed knowledge base.
How Can You Join?
Coinberry is limited to Canada. Users who join
Coinberry utilizing a referral link will automatically get a $20 bonus after
verification of their accounts. If you are a resident in Canada and you utilize
Coinberry in a country where trading cryptocurrency is unlawful, you may be
subjected to that country’s cryptocurrency laws.
