Bitbuy vs Coinberry Fees

Let's take a look at the fees that Bitbuy and Coinberry charges.

Deposit Fees

Depositing CAD into Bitbuy is free of charge.

Coinberry does not charge any fees for deposits.

Trading Fees

On Bitbuy if you use Express Trade (the easiest way to buy and sell cryptocurrency), the fee is 1.5%.

If you use Pro Trade (trading on the market), the maker fee is 1.5% and the taker fee is 1.5%.

Coinberry does not charge any commission on trades, but their fees are included in the spread. Before your order is confirmed, Coinberry will show the estimated fee (included in the price) that goes to the exchange.

Withdrawal Fees

Withdrawing CAD from your Bitbuy account will incur a 1.50% fee with Interac e-Transfer or Wire transfer.

Coinberry doesn't charge any fees to withdraw your CAD.

Bitbuy vs Coinberry Deposit Methods

Bitbuy accepts deposits via Interac e-Transfer, Wire Transfer and Cryptocurrency.

Coinberry accepts deposits via Interac e-Transfer, Wire Transfer, Credit card, Debit card and Cryptocurrency.

Bitbuy vs Coinberry Features 

Bitbuy and Coinberry are two of the best crypto exchanges in Canada and they have many features worth mentioning. However, I won't talk about them all here - if you wanted to find out more, read my Bitbuy review (here) and my Coinberry review (here). In this comparison I will outline briefly some of the main features that separate Bitbuy and Coinberry from their competitors.

Bitbuy has an intuitive and easy-to-use platform that is very simple for beginners to navigate. The Express Trade function is straightforward and you can buy or sell any of Bitbuy's 17 popular cryptocurrencies instantly, without dealing with market orders.

Bitbuy has another way to trade (Pro Trade) which is better suited to those that have more experience in crypto trading. There are advanced charts by TradingView, and access to limit and market orders.

Bitbuy is known as the most trusted and secure exchange in Canada, and part of the reason is that they have partnered with BitGo Trust Company for cold storage of 99% of their crypto assets offline. BitGo Trust Company is the world’s first qualified custodian, purpose-built for storing digital assets. All cryptocurrency assets held in custody with BitGo are covered by a comprehensive insurance policy, meaning that all cryptocurrency held in your Bitbuy account would be covered under the same policy.

Coinberry has a feature called AutoPilot that lets users automatically make recurring purchases of crypto. This is a good way to reduct the effect of price volatility by averaging out the cost of buying crypto. You can choose how much crypto you want to buy, and the frequency to suit your requirements.

Coinberry users have access to Coinberry Pay which allows them to get paid in BTC into their Coinberry account. They can share a link to anyone or even add a Coinberry Pay button on their website so others can pay or donate in Bitcoin. Once the Bitcoin is received in the Coinberry account, it is automatically converted to Canadian Dollars.

Bitbuy vs Coinberry Security

Bitbuy prides itself on being the most secure and trusted Canadian crypto exchange with servers secured across multiple world class cloud providers and disaster recovery locations. All their providers are ISO, SOC, and FIPS 140-2 compliant. Bitbuy’s privately maintained codebase keeps core components closed source, so your intellectual property is always secure. Bitbuy has 2FA (two-factor authentication) and biometric login security features, and the majority of Bitbuy's crypto assets are stored offline with BitGo Trust Company, with comprehensive insurance.

Coinberry is also extremely secure, with institutional-grade crypto protection to keep their users safe. Coinberry's crypto assets are protected by Gemini Trust Company LLC™, the most regulated, secure and compliant digital asset custodian in the world, with $200 million in insurance coverage. Coinberry doesn't only insure against external threats, but also internal threats; they are covered by insurance that protects against financial losses due to dishonest acts and unethical behavior from Coinberry employees.

Verdict - Bitbuy

Bitbuy and Coinberry are two popular Canadian crypto exchanges, and which one you choose will ultimately come down to what you need as a user. In my opinion, Bitbuy is more suitable for the majority of Canadians because it caters to both beginners and more advanced traders. With its user-friendly interface, low trading fees, and as the most secure and trusted exchange in Canada, it is my #1 choice.

One criticism that I hear about Bitbuy is that it has a limited range of only 17 cryptocurrencies. Although this is true, Bitbuy's range covers many of the most popular coins, so check which cryptocurrencies you want to buy before signing up to any exchange. If you are after a greater choice of coins, Coinberry has 18, and if you want a huge choice, Binance (see review here) is an international exchange with over 600+ coins. For more options in Canada, read our article on the best crypto exchanges in Canada here.

Still Researching?

If you want to learn more before choosing any cryptocurrency exchange, you can have a look at my Bitbuy review (here) or Coinberry review (here). You may also enjoy our article on the best crypto exchanges for Canadians, which you can read here. If you want a quick way to compare some key information about the top exchanges, see my table below.