Coinberry Vs Coinsquare: Which Is Better For Canadians In 2026?

How Do Coinberry And Coinsquare Compare, Fact By Fact?

Every row below comes from each company’s own pages and the Canadian registries, checked October 2026. Where a row has no fair winner, it says so.

What Are The Key Differences Between Coinberry And Coinsquare?

How Do You Fund And Cash Out Coinberry And Coinsquare In Canada?

All funding ended. Accounts moved to Bitbuy. Coinsquare's own funding limits were not retrieved. Whether Coinsquare still takes new sign-ups is unverified: its homepage still shows Get Started buttons, but the sites direct users to Robinhood.

What Do Coinberry And Coinsquare Offer Beyond Buying And Selling?

Coinberry Only

• Coinberry Pay and Autopilot: Payments and recurring-buy features, removed before the shutdown.

Coinsquare Only

• Staking: Coinsquare advertised staking up to 12.77%. Robinhood launched without staking and says it returns in an early follow-up release.

What Happens To Your Money If Coinberry Or Coinsquare Fails?

Coinberry: This was a merger, not a collapse. Coinberry's accounts went to Bitbuy, then to Coinsquare Capital Markets Ltd., and the Bitbuy site now says it is part of Robinhood. Check you are logged into the right account and watch for migration emails. Withdraw to your own wallet if you do not want to move. Treat any site using the Coinberry name that takes deposits as an impostor.

Coinsquare: Your account stays with Coinsquare Capital Markets Ltd., a CSA-recognized and CIRO-regulated investment dealer, through the move to Robinhood, per Coinsquare, so the main risk is operational rather than a loss of registration. CIPF covers cash up to CAD 1M but never crypto. The 2022 data breach exposed personal details, so be alert to phishing. Withdraw to your own wallet if you do not want to move, since the Coinsquare app turns read-only once you switch and no retirement date is published.

How Are Coinberry And Coinsquare Treated For Tax In Canada?

Coinberry: Trades on Coinberry were dispositions for CRA purposes. Pull your history from your migrated Bitbuy account. Export formats: Not published.

Coinsquare: Selling or swapping crypto on Coinsquare was a disposition for CRA purposes. Download your full transaction history before the Coinsquare app is retired. Export formats: Not published.

Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.

Which Should You Choose, Coinberry Or Coinsquare?

Choose Coinberry If

• You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.

Choose Coinsquare If

• You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.
• You hold a Coinsquare account and want to weigh the Robinhood move against a different registered platform.

What Happened To Coinberry?

Coinberry stopped operating separately after WonderFi's Bitbuy took over all of its client accounts in 2023, and coinberry.com now shows the Bitbuy site. The OSC non-objection and the Bitbuy purchase were announced on July 21, 2023.

Coinberry Limited's FINTRAC registration shows as ceased on June 5, 2024. Bitbuy has since changed too: its accounts moved to Coinsquare Capital Markets Ltd. in May 2024, and since Robinhood closed its WonderFi purchase on June 1, 2026 the Bitbuy and Coinberry web addresses carry a banner saying Bitbuy is now part of Robinhood.

What Is Happening To Coinsquare?

Coinsquare has not left Canada. Its dealer, Coinsquare Capital Markets Ltd., is still a CSA-recognized, CIRO-regulated investment dealer holding customer accounts, but since Robinhood closed its WonderFi purchase on June 1, 2026, customers are being moved in phases to the Robinhood app.

Robinhood launched crypto trading in Canada on July 1, 2026 with 50+ coins. The Coinsquare app becomes read-only after you switch, and it will be retired once everyone has moved, with no date published. Your account stays with the same dealer and the same custody, and crypto is not covered by CIPF. Treat any new sign-up at Coinsquare as a sign-up with Robinhood.

Coinsquare also disclosed a data incident on November 19, 2022, when an unauthorized party reached a customer database. Names, addresses, phone numbers, dates of birth, transaction history and balances were exposed. Passwords and funds were not affected, and the number of customers hit was not disclosed.

What Should Coinberry Users Use Instead?

Neither side of this matchup is a usable choice for new Canadian buyers, so the real question is which registered platform replaces them. These are the picks from my status research.

For Coinberry users, the closest replacement is Coinbase. Coinbase is a registered Canadian dealer with a beginner-friendly app and free Interac funding.

Coinbase: Fees, Funding And Safety

Coinbase prices a simple buy as a spread plus a Coinbase fee that its Canadian fee disclosure puts at up to 1.875%, depending on the payment method. Simple limit orders carry a separate 1% execution fee. The Canadian Advanced Trade maker and taker rates were not published on the page I checked, so I do not quote them.

Adding cash by Interac e-Transfer or EFT is free, and cashing out by Interac or EFT is supported. Coinbase does not publish a withdrawal fee, only a note that a fee may apply depending on the payment method. Coinbase says you can trade 200+ assets on its Canadian site.

Coinbase Canada is a CSA Restricted Dealer in all provinces and territories (decision of April 3, 2024, amended April 1, 2026) and a FINTRAC-registered money services business. It is not a CIRO member, and its user agreement says Canadian fiat balances are not protected by CIPF. It states that it holds customer assets 1:1.

It suits the easiest regulated start for a first-time buyer, with a polished app (4.56 stars from 65,030 ratings on the Canadian App Store).

Who Should Choose What In 2026?

• Coinbase: the easiest regulated start for a first-time buyer, with a polished app (4.56 stars from 65,030 ratings on the Canadian App Store).

If you are still deciding, my 60-second quiz narrows it down, and my full ranking shows all ten picks with scores.

How Can You Check Whether An Exchange Is Allowed In Canada?

Do it before you deposit a dollar, because the status of a platform can change in months. Four checks take about ten minutes.

1. Look for the platform on the CSA list of crypto platforms authorized to do business with Canadians.
2. Search the CSA banned crypto platforms list, which includes entities ordered out by the Ontario Securities Commission and reciprocated by other provinces.
3. Search the FINTRAC money services business registry for the legal entity, and read the status column, because "Expired", "Ceased" and "Revoked" all mean the registration is gone.
4. Read the platform's own terms for a list of restricted locations. If Canada, or your province, is named, you are not allowed to use it, and a registered regulator cannot help you if something goes wrong.

Registration is also not the same as insurance. Crypto held at any Canadian platform is not covered by CIPF, so a registered dealer lowers the risk but does not remove it.