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Crypto Blog: Coinberry

Best Crypto App In Canada For Trading

A crypto trading app should be easy and simple to use. This way, beginners and experienced investors can better focus on crypto investing instead of figuring out how the app works.

In Coinberry, investors find it easy to buy and sell crypto. Both small and sizable investments are only a few taps away. Because of this ease and convenience, investors can quickly make their trades and immediately move forward with their day.

Why Coinberry is a popular choice

Coinberry has become one of the top choices among crypto trading apps because:

  • Coinberry is OSC and FINTRAC registered and PIPEDA compliant
  • More than 220,000 Canadians have already signed up
  • You can start for as little as 50 CAD
  • They now support more than 30 cryptocurrencies and tokens (Coinberry is still adding more)
  • You can make crypto investing passive and automatic

OSC & FINTRAC registered and PIPEDA compliant

Registration of a cryptocurrency exchange platform in relevant institutions means the platform is complying with several policies and regulations. This can also mean that the crypto platform is helping protect investors from fraud and unfair practices.

In Ontario Securities Commission (OSC) where Coinberry is registered, they share common goals such as:

  • Promote confidence in capital markets
  • Facilitate financial innovation

Achieving or aiming for these goals can help beginners and experienced investors better trust the crypto markets. In addition, this can help facilitate and accelerate financial innovation because of better trust and more participants in the market.

Coinberry is also registered in FINTRAC (Financial Transactions and Reports Analysis Centre of Canada). As a financial intelligence unit, its mandate is to “facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.”

Aside from being FINTRAC and OSC registered, Coinberry is also PIPEDA compliant. PIPEDA stands for the Personal Information Protection and Electronic Documents Act. Compliance with this act helps build trust in the business and the digital economy. That’s because customers and investors know that their personal information is protected (and not for use in other purposes).

220,000+ Canadians already signed up

Numbers matter because they help build trust and they show a company’s capability. With Coinberry’s 220,000+ Canadian users, this demonstrates that they’re doing something right in helping people invest in crypto. This also shows that hundreds of thousands of people trust Coinberry to handle their money.

Coinberry also surpassed $1 billion of crypto trading volume. This tells us that they have the infrastructure and capability to handle large-volume and frequent transactions. This also shows that customers have made sizable transactions through the platform.  It proves that customers trust the platform and they have found it simple and easy to buy and sell crypto.

Start for as little as 50 CAD

Beginners often avoid crypto investing because it requires some technical knowledge and an initial fund. This upfront cost scares away some beginners, which causes them to miss out on opportunities. This prevents them from taking the first step and knowing if crypto investing suits them in the first place.

Through Coinberry, investors can start with as little as 50 CAD. They can easily add funds to their account through wire transfer or Interac e-Transfer. After a few taps, you can quickly buy some Bitcoin or another cryptocurrency:

  1. Go to Buy/Sell tab
  2. Choose Buy
  3. Choose the cryptocurrency you want to buy
  4. Click or tap on Market and enter the amount you’ll invest
  5. Tap on Preview Order
  6. View the order details (amount of cryptocurrency, market rate, estimated fee, and total purchase price)
  7. Read and acknowledge the Crypto Risk Statement
  8. Tap on the Buy Now button after reviewing your order details and acknowledging the Crypto Risk Statement.
  9. View your receipt as the screen shows that the order is already completed. The receipt should show the amount of cryptocurrency bought, the crypto’s rate, spread or fee, and the CAD amount you invested.

It’s quick and easy which is why investors are able to conveniently buy or sell some crypto and immediately move forward with their day. Beginners have also found it easy and straightforward because of clear and intuitive app navigation.

30+ cryptocurrencies available

When investing, having several options can help investors make a smart choice. Several options allow for:

  • Comparison among different assets
  • A more dynamic investing experience

To make a smart choice, investors have to compare several different options and alternatives. They can compare each asset’s pros and cons. After this comparison, they can focus on putting their funds into the top assets instead of spreading their money too thin. This may increase their chances for success because of the analysis and comparison.

In addition, a crypto trading app that supports several cryptocurrencies makes investing more dynamic. For example:

  • When Bitcoin’s price becomes too high, investors can sell their Bitcoin and buy another coin or token.
  • When Bitcoin’s price drops, investors can also sell their Bitcoin to prevent further losses and switch to another crypto instead.

In other words, a crypto trading app that supports dozens of coins and tokens can help investors further increase their gains or reduce their losses. With more options, investing strategies also become more diverse and dynamic.

Automatic and passive crypto investing 

Aside from dynamic investing, investors also practice automatic and passive investing strategies. One such popular strategy is dollar cost averaging. In this strategy, investors can make small crypto purchases every day, week, or month (instead of a single large lump sum investment).

With smaller and more frequent crypto purchasers, investors are able to avoid huge financial losses and receive more consistent gains. This also helps them save time and energy because investing has now become automatic and passive. They also don’t have to monitor crypto news and “time the market.”

Coinberry makes that possible through Autopilot. Crypto investors can automate their investments, save time, reduce risk, and take the emotion out of the equation (they avoid acting on impulse, excitement, or hype). It’s a practical way to make investing become even easier with a few taps through an easy to use.

Sign up today to get started with Coinberry and begin your investor journey!