Operating from Estonia, Coinsbank is a cryptocurrency exchange that offers all-in-one access to blockchain services, such as wallet, exchange, merchant, and more. The Exchange provides clients with an intuitive mobile trading platform to enable them to buy and sell cryptocurrencies, including Bitcoin, Litecoin, Ripple, Ethereum, and more. There are few educational resources, but a professional customer support team is available to assist traders. Traders are offered a variety of payment options. The minimum deposit required to operate an account is $20 whilst low commission fees are charged on trades.
CoinsBank Review Introduction
In this CoinsBank review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including CoinsBank.
CoinsBank Platforms & Tools
The Exchange provides traders with the intuitive Coinsbank trading platform; it is an in-house-built platform that is secured with PCI DSS certification and obligatory two-factor authentication. The platform features a wallet manager, with real-time conversions between wallets with different currencies using its automated trading functionality. The platform is available as a mobile app that is designed to run on Android and iOS devices. The mobile app can be downloaded from the relevant app stores; it allows traders to receive notifications and close trading orders even while on the go. The CoinsBank trading platform contains some useful trading tools that are in place to compensate for the lack of standalone trading tools on the Exchange’s website.
CoinsBank Research & Education
The CoinsBank website has a limited selection of educational resources. However, there is an FAQ section, which contains the most common questions that traders have with their corresponding answers. The FAQ section is beneficial to any trader who wants to trade with the Exchange.
CoinsBank Trading Accounts
Traders are allowed to create a single live trading account with a required minimum deposit of $20 and a commission fee of 0.5%. It is contrary to the Exchange’s terms and conditions to open multiple trading accounts for a single user.
CoinsBank Account Funding
There are various payment methods available to CoinsBank’s clients for both account deposits and withdrawals, and they include bank transfer, credit/debit cards, online payment processors, and cryptocurrencies.
The Exchange does not accept third party payments. Please note that some payment methods may not be available in specific countries, whereas the transaction processing time may vary depending on the payment method in use.
CoinsBank Customer Service
The Exchange’s client support team is available to respond to traders’ inquiries, and they can be reached through telephone, email, Live Chat, social media, or by visiting the team at their physical office location.
CoinsBank financial and liquidity services are provided by CB Exchange OU, under the Ministry of Economic Affairs and Communications operating license. They are governed by Estonian law.
CoinsBank Review Summary
CoinsBank is an industry-grade and low latency digital currency exchange that was launched in 2016 and has been offering access to a range of cryptocurrency trading services, including wallet, exchange, merchant, cards, and more. They provide traders with a proprietary trading platform that is available as a mobile app for trading several cryptocurrencies. Traders are offered a variety of payment options, and the minimum deposit required to operate an account is $20. There is a client support team to assist traders at every point. The Exchange operates under Estonian law.
It is worth mentioning that some of the trading products and services in this CoinsBank review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the CoinsBank broker website which you can visit by using the link below.
The trading of cryptocurrencies involves significant risk. Price fluctuations can occur which may increase or decrease the value of your assets at any given moment. Any currency whether virtual or not may be subject to large swings in value and may even become worthless. You should not risk an amount you cannot afford to lose.