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Coinberry vs Coinsquare: What Works Better For Canadians?

Oleg Galeev

Last updated April 20, 2023

Coinberry vs Coinsquare featured image

Coinberry and Coinsquare are two Canadian cryptocurrency exchanges that offer Canadians easy, fast, and secure ways to buy crypto. At OCryptoCanada, we looked into both exchanges to see how these they compare. Check our Coinberry vs Coinsquare review.


Coinberry is a Toronto-based exchange that offers over 30 of the most popular cryptocurrencies and it makes it simple for Canadians to buy and trade crypto.



Bitcoin, Ethereum, Litecoin, XRP, Stellar, Bitcoin Cash, Cardano, Axie Infinity, Dogecoin, Polkadot, Polygon, SHIB, and 20 more


  •  0% CAD funding
  •  0% CAD withdrawal fees
  • 0% to 2.5% Spread 
  • 0.02 fixed fee for LTC withdrawal
  • Crypto withdrawal fees to cover mining costs


  • No CAD deposit and withdrawal fees
  • Beginner-friendly
  • Crypto education hub on the website 
  • Coinberry Pay allows anyone to receive crypto payments
  • Customers can set up automatic payments


  • Not that many altcoins available
  • No debit or credit card deposits

Account Limits

  • $10,000 max daily Interac e-Transfer deposit
  • $10,000 to $500,000 max wire deposit
  • $100 to $5,000 Interac e-transfer withdrawal
  • $10,000 to $500,000 wire transfer withdrawal


Methods to buy

  • Interac e-Transfer
  • Wire transfer


Mobile and Desktop Trading

Both Coinberry’s desktop and mobile apps feature a beginner-friendly interface that’s easy to navigate. With just a few clicks, you can purchase any of its seven coins available. Coinberry’s iOS app has a 4.4-star rating with 4.4k reviews. Its Android app has a 3.3-star rating with 900 reviews.

Coinsquare’s Quick Trade app, however, has a rating of just 2.1 stars with over 600 reviews and its Android app has a 2.2-star rating with 750 reviews.

While Quick Trade is suitable for beginners, based on reviews, it seems Coinsquare’s advanced trading desktop platform is better favoured by its customers.


Both Coinberry’s desktop and mobile apps have an easy-to-navigate interface that’s suitable for beginners. Coinberry’s iOS app has a 4.4-star rating with 4.4k reviews. Its Android app has a 3.3-star rating with 900 reviews.

Coinberry desktop interface

Coinberry desktop interface

Order preview with Coinberry

Order preview with Coinberry

Coinberry mobile interface #1

Coinberry app interface

Coinberry mobile interface #2

Coinberry app interface while trading

Security Compliance

Coinberry has a $200M insurance policy with Gemini Trust Company LLC™. Coinberry also states on its website that it is backed by a “financial insurance bond” which covers any unethical acts from Coinberry employees. 

For security, Coinberry implements military-grade encryption and keeps up to 97% of its coins in cold storage. When signing up to Coinberry and Coinsquare, customers must provide government-issued documents to verify their identity. This helps protect against money laundering and fraud.

Coinsquare keeps up to 95% of its coins in cold storage and both exchanges offer Two-Factor Authentication (2FA), so you can be sure no one but you can sign in to your account. Coinsquare utilizes SSL technology for private data encryption, and its system is DDoS tested to ensure that the platform can stay secure against an attempted hack.

Regulatory Compliance

Coinberry is fully regulated in Canada. The exchange is registered with FINTRAC and is PIPEDA-compliant. 

Coinberry and Coinsquare are both fully regulated in Canada. The exchanges are registered with FINTRAC and Coinberry is PIPEDA compliant. Coinberry has partnered with Gemini Trust Company LLC™ which provides $200M in insurance coverage. Coinberry also states on its website that it is backed by a “financial insurance bond” which provides insurance coverage for unethical acts from Coinberry employees. Coinsquare does not offer information about insurance policies on its website.

Customer support

Coinberry has FAQs and knowledge centre on their website. Customers can message the support team either online via their support pages or through email.

Coinberry and Coinsquare both offer live chat and provide helpful knowledge centres on their websites. Customers can message the support teams online or via email. Neither exchanges offer 24/7 email support. 


Both Coinberry and Coinsquare are top choices for Canadians looking to buy cryptocurrency. If you want a fast and beginner-friendly way to purchase the most popular coins such as Bitcoin, Ethereum, or Litecoin, then Coinberry is a good choice. The exchange is heavily focused on making cryptocurrency as accessible to Canadians as possible. A perfect option for beginners. 

With Coinsquare, you have the choice of using its Quick Trade app, for fast and simple purchases, or its Advanced Trade desktop platform for more advanced order types. Coinsquare also offers a few more coins than Coinberry, but both are comparable and good choices for Canadians. 

We would say that Coinberry (sign up here) is the winner in this round due to its mobile and desktop apps.

On top of these two, we would recommend Coinsmart for a number of reasons. Why? Check on our Coinsmart review.


Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.