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Supreme Court claiming exchange founder Michael Ongun Gokturk could not be reached. We had sent some requests for information to the exchange twice and we didn't get an answer," said Brady. The Einstein Exchange has shut its doors amid numerous complaints and concerns raised to the commission about money laundering. Wu said he went to the Einstein Exchange office last Friday and "discovered that the elevator is locked for all floors. Customers claimed that staff were slow to respond and expressed fear they might lose their money.

The team is planning to introduce more currencies down the line, but for now, these are all they have. Coinberry Fees One of the best aspects of Coinberry is possibly fantastic fees, to say the least. The company markets itself as a zero-fee service and wouldn't you know it, they actually stay true to their promises. These are the Coinberry. They do a bulk of their customer service over the phone, and if you have an emergency on your hand, this is the best and the quickest way to reach out to them.

Of course, they also have email support, so you can shoot them a question any time and they'll answer within 24 hours. Tier site has a Frequently Asked Questions section, as well as a company blog, so if you have some basic questions about their services, you can possibly find them there.

Some crypto users would argue that's it a bit too secure since it requires all of their users to identify themselves before they register an account. Here are a few security measures the company officials have in place to protect their users: 1. ID Verification Let's start with the most talked-about security feature Coinberry has.

Every user is required to verify their identity before creating an account. This can be accomplished by scanning and uploading one of your several personal documents. This can be a huge turn off for some, so keep it in mind. There are only two Bitcoin exchanges that comply with these rules, and Coinberry is one of them.

They've also completed an accounting audit successfully last year. Security Standards Since Coinberry is trying to function as a proper money service, they have higher security standards than most Bitcoin exchanges not only in Canada but in the whole of North America. They have both a customer and a company fund for fiat currencies, plus they provide cold storage and 2-factor authentication as well.

We've compiled a shortlist of Coinberry pros and cons you can use it when comparing it to other crypto exchanges. Coinberry is a serious company that runs a good, beginner-friendly operation. You should definitely try their platform out if you're from Canada. On the other hand, you should possibly look for something else if you're living outside of the Great White North. So let's explore Bitbuy's history, business, and service Overview of Bitbuy. They are one of the oldest crypto exchanges in Canada, so you know you can trust them.

For almost five years, they worked with only a small number of users, but then, they decided to expand their operations. He was soon replaced by Chris Ragobeer , who worked as a mobile developer and an IT project manager. It's also worth mentioning that the company is a part of the First Ledger Corp. As a company, Bitbuy is fully transparent about their operations and actions.

So much so that they've provided a link to a report about their operations, conducted by Cipher Blade. The aforementioned company provides blockchain forensics services and analyzes crypto-related business and here are their biggest findings of Bitbuy: BitBuy's Proof of Reserves Certificate Fiat Currency Holdings: Bank reports were recovered, checked, and verified by international banks.

The statements were all correctly filled in the Bitbuy system. Cryptocurrency Holdings: The number of assets and coin holders matched the one Bitbuy reported.

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British Columbia B. Securities Commission says it has been unable to reach Einstein Exchange founder Michael Gokturk amid concerns about his cryptocurrency exchange. The B. Supreme Court claiming exchange founder Michael Ongun Gokturk could not be reached. We had sent some requests for information to the exchange twice and we didn't get an answer," said Brady. Cryptocurrency Holdings: The number of assets and coin holders matched the one Bitbuy reported.

Customer assets match those in Bitbuy's system. Staff and Operators: Every worker in the company had their personal records checked. The company discovered that none of them had any criminal activities on their records. They will probably expand their offering in the near future, but for now, these five coins are it. The small offering gives you an insight into what's Bitbuy.

You can always connect your Bitbuy account with another exchange and use it to buy other coins. Cad fees at BitBuy When it's all added up, the fees are quite average. Let's take a look at the standard Bitbuy. You can check their fees in more detail by visiting this page here. While many larger and well-known names in the crypto industry will have you waiting for hours and hours for a response to a simple inquiry, Bitbuy answers almost immediately.

This shows that they value their customers and want to take care of them to the best of their abilities. There's a support hotline, which allows you to talk a Bitbuy representative in a matter of minutes. People who have something to ask urgently should use this channel. You also have email support available. They answer emails in less than 12 hours and you can expect their answer on the same day. You can check Reddit to see just how many people are satisfied with their experience.

BitBuy's support desk Bitbuy. Hackers and cyber thieves are possibly the biggest enemies of the crypto industry. They will keep a majority of your coins in cold storage, which will keep your assets in a locked environment, away from all of those cybercriminals.

The company also performs data backups on a daily basis, which makes your assets safe in case of a DDoS attack. BitBuy's security measures Bitbuy. Just take a look at these lists and compare the exchange to others if you're not sure which platform to pick. In our opinion, it can. The company does what it advertises: gives you a simple way of exchanging your coins into Canadian dollars, and vice versa. The organization is caring for their clients, their communication is top-notch, plus their verification process is extremely quick.

Bitbuy is also safe and while their fees aren't anything to write about, they still fall in line with the rest of the market. If you're a Canadian crypto user, you should try Bitbuy. We hope that you found our review interesting and informative. What's the best crypto exchange in your opinion? If you have any additional questions about Bitbuy.