Swen Keller
Swen Keller
In the crypto world Swen has consistently found success through his effective communication skills and the unique ability to navigate the details.
Table of Contents
    Add a header to begin generating the table of contents
    1. Home
    2. »
    3. Canada & Crypto
    4. »
    5. Crypto Exchanges Canada
    6. »
    7. Coinberry vs. Coinbase:...

    Coinberry vs. Coinbase: Which One is Better in 2023?

    Coinberry Logo Review
    3.0
    3/5

    Read Disclaimer

    4.0
    4/5

    In this article, we compare the two cryptocurrency exchanges Coinberry vs. Coinbase by considering the cryptocurrencies available on each platform, fees, security features, payment methods, and much more. To reach a conclusion we carried out extensive research on each platform and got first-hand experience with both platforms.

    Coinberry vs. Coinbase: Verdict

    Our pick as the overall winner is Coinbase because of its low fees in comparison to Coinberry and its many unique features.

    Pros

    Cons

    Pros

    Cons

    Coinberry vs. Coinbase: Unique Features

    Unique Features of Coinberry

    Coinberry Autopilot

    1 – Coinberry Autopilot 

    Coinberry Autopilot is a Coinberry feature that enables users to set up automated cryptocurrency purchases on a daily, weekly, or monthly basis on their Coinberry account. Autopilot uses an investment strategy known as dollar-cost averaging. 

    Automating crypto assets purchases enables the user to invest in crypto regardless of the fluctuation in the market. Autopilot users can easily adjust their purchase amounts and frequencies whenever they wish to. 

    2 – Coinberry Pay 

    This is a payment processing solution that enables merchants to accept Bitcoin payments. Coinberry assigns a free and unique Coinberry Pay link to every Coinberry account. With this link, account holders can accept payments in any of coinberry’s supported digital currencies. 

    Cryptocurrency received through Coinberry Pay can be easily converted to CAD and deposited into the user’s bank account. Coinberry Pay can be used by charities, governments, businesses, municipalities, and individual traders.

    Unique Features of Coinbase

    Coinbase Visa Debit Card

    1 – Coinbase Card 

    The Coinbase card is a prepaid Visa card linked to a user’s Coinbase account balance which allows them to spend cryptocurrencies. The card is accepted worldwide where visa debit cards are accepted. 

    The card holders can earn crypto back on every purchase they make using the card. The user can choose which crypto they earn from the list. 

    The card is secured with two-factor authentication, pin change, and card freezing. Users are also not charged any spending fees or annual fees for using the Coinbase card. 

    2 – Coinbase Pro

    Coinbase Pro is a Coinbase cryptocurrency trading platform for Coinbase users who are interested in advanced crypto trading, lower fees, and additional features

    3 – Coinbase Earn

    Coinbase Earn

    Coinbase Earn is a learning hub designed by Coinbase that is equipped with beginner’s guides covering different coins, uses of cryptocurrencies, and regular updates on the crypto market. Coinbase Earn rewards users who actively learn on Coinbase Earn.

    Users who watch short videos and take quizzes about specific altcoins are rewarded with a small amount of that crypto. The altcoins received can be converted to major cryptocurrencies like Ethereum and Bitcoin. 

    Winner in Unique Features

    Coinbase wins in unique features as the features it offers are tailored towards giving the users a better trading experience, more education on how the crypto works, and also free crypto rewards.

    Coinberry vs. Coinbase: Cryptocurrencies Available

    Coinberry supports the trading of over 35 cryptocurrencies in CAD. Cryptocurrencies available for trade on Coinberry include BTC, ETH, AAVE, ADA, ALGO, AVAX, AXS, BAL, BAT, BCH, ATOM, COMP, CRV, DOGE, DOT, ENJ, FTM, GALA, FTT, KNC, LINK, LTC, LUNA, MANA, MATIC, USDC, UNI, ZEC, etc.

    Coinbase supports more than 150 cryptocurrencies. This includes BTC, ETH, UNI, XLM, LINK, BCH, ETC, WBTC, MKR, LTC, ICP, ADA, ATOM, USDT, SHIB, DOT, SOL, etc.

    Winner in Crypto Availability

    Coinbase outshines Coinberry in Crypto availability. While Coinbase supports more than 150 cryptocurrencies, Coinberry only supports about 35.

    Coinberry vs. Coinbase: Can You Buy and Sell NFTs?

    Coinbase NFTs Marketplace

    You can buy and sell NFTs on Coinbase by visiting nft.coinbase.com. Coinbase NFT doesn’t just support the trading of NFTs in the marketplace but users can also carry out drops for new NFTs. The platform also has a featured creator segment that displays the top-performing creators.

    Winner in NFTs Availability

    Coinbase is the clear winner in availability as it offers the ability to buy and sell NFTs as well as participate in drops. Coinberry, unfortunately, does not support NFTs at this stage.

    Coinberry vs. Coinbase: Fees

    Coinberry Fees

    Coinberry does not charge CAD withdrawal or deposit fees. However, if you intend to buy and sell Bitcoin and other cryptocurrencies using Coinberry they have a spread between 0% to 2.5% to the cryptocurrency rate offered by their liquidity sources.

    The price Coinbase shows before transaction confirmation includes their spreads and all fees charged by their liquidity sources. That said, while Coinberry discloses their estimated charge based on their spread, between when they quote a price and the time the order completes, actual fees and spreads may be higher due to market volatility.

    Coinbase Fees

    Coinbase utilizes the maker-taker fee model to determine its trading fees. Here are their pricing tiers and taker and maker fees:

    Trading Volume Taker Fee Maker Fee
    Stable Pairs 0.001% 0.00%
    Tier 1 $0 - $10K 0.60% 0.40%
    Tier 2 $10K - $50K 0.40% 0.25%
    Tier 3 $50K - $100K 0.25% 0.15%
    Tier 4 $100K - $1M 0.20% 0.10%
    Tier 5 $1M - $15M 0.18% 0.08%
    Tier 6 $15M - $75M 0.16% 0.06%
    Tier 7 $75M - $250M 0.12% 0.03%
    Tier 8 $250M - $400M 0.08% 0.00%
    Tier 9 $400M+ 0.05% 0.00%

    Fiat Deposit and Withdrawal Fees

    Deposit Fee Withdrawal Fee
    ACH Free Free
    Wire (USD) USD 10 USD 25
    SEPA (EUR) EUR 0.15 EUR 0.15
    Swift (GBP) Free £1

    Winner in Fees

    Coinberry is the winner in fees as the cryptocurrency exchange offers a clearer and simpler fee structure and does not charge for deposits and withdrawals in CAD.

    Coinberry vs. Coinbase: Payment Methods

    Coinberry supports only 2 payment methods to fund your account: Interac e-Transfer and bank wire. Both payment methods are fee-free.

    Coinbase also offers 2 payment methods for Canadian users; Debit Cards and PayPal. All options offer instant payments.

    Winner in Payment Methods

    Coinbase is the winner in payment methods as it offers faster payment options than Coinberry.

    Coinberry vs. Coinbase: Security

    Coinberry Security Features

    Coinberry through Gemini offers 2-factor authentication for all accounts. It also has a biometrics login feature which can be turned on and off. Gemini also provides cold storage for storing crypto assets offline. This ensures that users’ assets are not easily accessible or prone to malicious attacks. 

    Coinberry is registered as a Money Service Business with the Financial Transactions and Reports Analysis Centre of Canada. This means that the company is compliant with all the rules laid out by the organization. It is also registered with the Ontario Securities Commission.

    Coinbase Security Features

    Coinbase stores 98% of its customers’ crypto assets offline in cold storage. Assets stored online are covered by FDIC insurance with a maximum amount of $250,000 per customer. 

    All Coinbase accounts are required to be secured by 2-factor authentication. Users can also whitelist withdrawal addresses to ensure that funds are not withdrawn to unapproved addresses.

    Despite the security features put in place by Coinbase, in 2021, a vulnerability in its SMS account recovery tool enabled hackers to steal funds from more than 6,000 Coinbase users. Coinbase reimbursed the lost funds to the clients affected.

    Winner in Security

    Coinberry is more secure than Coinbase. There has been no major compromise of users' assets in Coinberry. Coinbase, on the other hand, has been hacked before.

    Coinberry vs. Coinbase: Earn/Staking Rewards

    Coinberry does not offer a staking service. However, one of their products is Coinberry Earn which is an affiliate program that allows users to affiliate commissions for attracting users to sign up via their link.

    With Coinbase Earn users can earn up to 5.75% APY on their crypto in staking rewards. Users can earn on as low as $1. All they need to do is hold their crypto in Coinbase Earn to start earning. Users also have the option of choosing from several assets and ways to earn like DeFi yield or staking. That said, while staking and DeFi yield is available in more than 70 countries, DeFi yield is not available to residents in the United States. 

    Coinbase Earn

    Winner in Earn/Staking Rewards

    Coinbase is the winner in Earn/Staking rewards as Coinberry does not offer a staking program. Plus, the Coinbase cryptocurrency exchange offers several ways to earn on your cryptocurrency (staking and DeFi yield).

    Coinberry vs. Coinbase: Usability

    Coinberry has an average 5-minute signup. Once that’s done you can fund your account using Wire or Interac e-transfer. Then proceed to buy the crypto of your choice.

    Coinbase offers a very beginner-friendly purchase process. However, its signup process is a bit longer than Coinberry. But it’s much faster and more straightforward to buy cryptocurrency on Coinbase (you can use your card).

    Winner in Usability

    Coinbase is the winner here as the crypto exchange offers a lot more asset options, payment methods, and faster purchase executions.

    Coinberry vs. Coinbase: Customer Service

    Coinberry has a help center equipped with answers to the most frequently asked questions. It also has a live chat feature for all enquires

    If the help center and live chat don’t solve your problem, users can reach the Coinberry support team via phone or email.

    Coinbase has a Support FAQ page where users can find answers to commonly asked questions. It also has a well-equipped library that provides users with the needed educational resources on cryptocurrencies

    It offers chat support, with the Coinbase virtual assistant. Coinbase users can also contact the Coinbase team via live phone support

    Despite all the communication channels made available by the platform, Coinbase users have complained of getting little or no help from the support team.

    Winner in Customer Service

    Coinberry outshines Coinbase in customer service. Unlike most crypto exchanges, the Coinberry support team can be easily reached. Getting live human support from the Coinbase support team is hard.

    Conclusion: Final Verdict

    Both Coinberry and Coinbase offer beginner-friendly platforms. However, Coinbase outshines Coinberry in so many areas like NFT availability, payment methods, usability, etc. This is primarily because Coinberry is a much smaller platform.

    Overall Winner

    Coinbase is the overall winner with a score of 4 over 5.

    FAQ

    Most frequent questions and answers

    The best way to buy crypto in Canada is via a cryptocurrency exchange that supports Canadian Dollars. A great option is Coinberry.

    Binance is arguably the biggest Competitor of Coinbase.