Coinberry Referral Code (May 2022): $40 Signup Bonus

February 7, 2022
Blog

Coinberry is a Canadian cryptocurrency exchange that is based in Toronto. It’s an excellent crypto exchange option for Canadians, and anyone looking to buy cryptocurrencies through dollar-cost averaging or beginner crypto investors who are looking for one of the easiest crypto exchanges to use will benefit from using this platform.

Coinberry has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link) you will receive a $40 sign-up bonus after purchasing at least $50 worth of crypto. You can also refer friends after you create your account by using your referral code and you will both receive the bonus.

How To Use The Coinberry Referral Code

Coinberry has a referral program in place for new Coinberry users. By using the referral code YOREOYSTER (or the link) you will receive a bonus of $40 after your first trade of at least $50. After you complete your first trade you will receive your referral code, so when one of your referrals joins through your link both will receive the $40 bonus.

To use the promo code

  • Visit Coinberry’s page. Enter your email and click on the Get Started button.
  • Enter a password for your account and use the referral code YOREOYSTER. (Important: you have to use the referral code in this step. You will not be able to use it after you create your account).
  • Fill in your basic information, such as name, email, and mobile number.
  • Verify your identity.
  • Complete the Investor Suitability Assessment questionnaire – just answer 8 short questions.
  • After you’ve created your account you just have to complete a trade of at least $50 – then you will be credited $40 as part of the referral program. You will also receive your referral code, so you can start referring your friends.

(We outline the whole referral process step-by-step in the How To Sign Up For Coinberry section.)

What Is Coinberry?

Coinberry is a Canadian cryptocurrency exchange that is based in Toronto. Ever since its inception in 2017, the exchange has been developing interesting features such as the Coinberry AutoPilot feature and Coinberry Pay. These two immediately set Coinberry apart from other crypto exchanges out there.

Originally, Coinberry’s cryptocurrency support was a lot more limited, but it has grown to support 18 cryptocurrencies since then. Here is our full Coinberry review.

Coinberry Features

  • Instant Account Verification.
  • Coinberry Autopilot, which allows buying cryptocurrencies automatically.
  • Coinberry Pay, which allows crypto payments and can automatically convert them into CAD and deposit them in your bank account.

What Coins Does Coinberry Offer? (exchanges only)

Bitcoin (BTC)Polkadot (DOT)Chainlink (LINK)
Ethereum (ETH)Yearn Finance (YFI)Compound (COMP)
Bitcoin Cash (BCH)Aave (AAVE)Ripple (XRP)
Litecoin (LTC)Balancer (BAL)Dogecoin (DOGE)
Stellar (XLM)Uniswap (UNI)Curve (CRV)
Cardano (ADA)Basic Attention Token (BAT)Kyber Network (KNC)

Coinberry Fees

Coinberry charges 0 fees for deposits and withdrawals. There are also no fees for crypto deposits, but be aware that there is a bid-ask spread rate that ranges from 0% to 2.5%.

How To Sign Up With Coinberry

#1 Visit Coinberry’s page. Enter your email and click the Get Started button.

#2 Enter a password for your account and confirm your email (important: you have to use the referral code YOREOYSTER in this step. You will not be able to use it after you create your account).

#3 Add your phone number. Keep in mind that Coinberry works only in Canada; you won’t be able to access their website from another country.

#4 Verify your identity. You can use a photo of your passport, your driver’s license, or an identity card.

#5 Complete the Investor Suitability Assessment. This is a very short 8-questions questionnaire about your past investing experience.

#6 Finally, fill in your name, last name, and date of birth. Keep in mind Coinberry is available only for Canadian citizens over 18.

Coinberry’s Referral Program

After creating your Coinberry account you can find your referral code in the menu under Invite Friends Earn $40, both in the app and the webpage.

  • You can share your code via text, email, or to your social media audience.
  • Once a referee signs up and makes their first $50 purchase, you and your referee will receive a $40 credit.
  • Additionally, you get an additional bonus after every 5th referral on top of the base of $40. You get a $25, $50, and $100 additional bonus after your 5th, 10th, and 15th successful referral. 

Is Coinberry Safe?

Yes, Coinberry is a safe exchange to use. It has institutional-grade crypto protection and its crypto tokens are protected by the Gemini Trust Company, which is the most regulated and secure crypto custodian in the world. The Gemini Trust Company also has $200 million in insurance coverage.

Is Coinberry Legal In Canada?

Yes. Coinberry is a registered Money Service Business (MSB) through the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which means that it is a legitimate crypto exchange.

Our Recommendation: CoinSmart

Coinberry is a great crypto exchange choice: in fact, it’s one of our top-rated crypto exchanges in Canada, and for good reason. It supports 18 cryptocurrencies, charges no fees on CAD deposits and withdrawals, and allows you to deposit money via credit card and INTERAC e-transfers instantly. What’s not to like?

However, Coinberry has one small setback that doesn’t allow me to call it the best crypto exchange in Canada, and that would be its bid-ask spread rate. Although you don’t have to pay any fees on CAD deposits and withdrawals, you still have to pay this spreading rate for each transaction, and this rate can be as high as 2.5%.

This is why I also recommend that you consider CoinSmart as a viable alternative. Here are a few of the reasons why I recommend CoinSmart over Coinberry:

Introducing CoinSmart: Canada’s #1 Crypto Platform

Best Overall

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

$50 offer ends May 19.

★★★★★

Rated 4.9/5

I recently broke down 10+ of Canada’s most popular crypto platforms, and CoinSmart came out on top. It scored so well because it excels on what I believe are the three most important factors when choosing a crypto platform: fees, security, and customer support.

Here’s how CoinSmart performs in each of those areas, and why I believe it’s the best crypto trading platform in Canada. And to get your $50 signup bonus with CoinSmart, use this signup link and the special promo code YOREOYSTER.

#1 Lowest Fees In The Industry

CoinSmart’s trading fees are just 0.20%, the lowest of any crypto platform in Canada. And those savings add up quickly: if you trade $100,000 worth of Bitcoin in a given year (buying and selling $25,000 worth twice), you’ll save $800 in trading fees compared to a platform that charges 1% ($200 vs. $1,000).

Perhaps more important than trading fees, though, are spreads: the difference between the Buy price and the Sell price. CoinSmart has razor-thin spreads, which makes day trading possible and keeps more money in your pocket.

#2 Bank-Level Security

CoinSmart maintains a 95% cold storage policy, which means at least 95% of its users’ crypto is always held offline. This is a security measure that only the most advanced trading platforms employ, and CoinSmart is leading the charge.

CoinSmart is also the only publicly traded crypto platform in Canada, which means it’s subject to far more financial scrutiny than any other platform. It’s regulated by FINTRAC (the Financial Transactions and Report Analysis Centre of Canada) and the OSC (Ontario Securities Commission), and its financials are audited by external professionals at least once per year.

#3 Excellent Customer Support

CoinSmart offers 24/7 customer support via phone, live chat, and email, and their customer service reps are actually helpful rather than just following a script. I’ve never had to wait more than about 60 seconds on hold, and they’re very responsive via live chat and email, too. 

The only time I ran into an issue with CoinSmart, I called them and had it sorted out within 5 minutes. Keep in mind that telephone and live chat support is only available for registered users, so if you have a question for CoinSmart, the best way to get it answered is to open an account

CLAIM MY $50 BONUS
Offer ends May 19.

Conclusion

Coinberry is a Canadian cryptocurrency exchange that is based in Toronto. It’s an excellent crypto exchange option for Canadians, and anyone looking to buy cryptocurrencies through dollar-cost averaging or beginner crypto investors who are looking for one of the easiest crypto exchanges to use will benefit from using this platform.

Coinberry has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link) you will receive a $40 sign-up bonus after purchasing at least $50 worth of crypto. You can also refer friends after you create your account by using your referral code and you will both receive the bonus.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5