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Coinpass, a UK-established crypto trading company, was conceptualized with the ideology to remit a crypto exchange and finance encounter, which was durable, protected, and effortless to use. It was introduced to investors in the year 2018. The UK proprietary trading platform assists retail investors, expert traders, and companies in obtaining cryptocurrency markets through their on-ramp and trading technology for profitable liquidity.
The cryptocurrency exchange is authorized in less time, with affordable trading fees, and trading news is provided for enhanced support. The platform Coinpass wishes the business to be an international administrator in the digital finance expansion. Through the exchange’s business goals, the prospects will connect established investment, banking, trading, and digital assets to work in unison for client funds. Although, read our Coinpass review and know more about its services in detail.
Coinpass Summary
| Official Website | https://coinpass.com/ |
| Headquarters | Ashford, UK |
| Found in | 2018 |
| Native Token | No |
| Listed Cryptocurrency | BTC, XRP, ETH, LTC, BCH, DOT, LINK |
| Trading Pairs | N/A |
| Supported Fiat Currencies | GBP, EUR |
| Supported Countries | UK and EU Economic Area |
| Minimum Deposit | No |
| Deposit Fees | Free |
| Transaction Fees | Depends on Currency |
| Withdrawal Fees | Depends on Currency |
| Application | Yes |
| Customer Support | Email, Phone, Support ticket, & FAQS |
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What Is Coinpass?
The crypto assets company established in Ashford, UK, with family offices in Whales, was built to solve the market experience requirements for accelerated, reliable, licensed, and high-scale finance service products. Investors can trade and exchange Bitcoin and other prominent platforms.
How Does Coinpass Work?
The UK based trading platform grants investors cryptocurrencies services such as trading, buying, selling, and HODL. Digital exchange activities on the platform provide clients with seamless product development functionalities for bank account deposits through Fast Payments Network in the UK-based territory. Crypto purchases are managed securely and reliably through their cold storage wallets.
Coinpass Features
Free Deposits
Coinpass clients, through their user accounts, can achieve free deposits of fiat currencies from their banks. These advantages are credited to the client in a matter of seconds and assist in providing accelerated payments for GBP Transfers and GBP exchanges for EUR currencies. The free crypto deposits are maintained in the Coinpass account.
Profitable Crypto Assets
The exchange platform permits the most profitable and sought-after crypto assets. These blockchain coins highlight exceptional liquidity rates. These cryptocurrencies are warranted by Coinpass for fiat to crypto trading, buy/sell, and exchange crypto immediately without any hassle. A fresh set of cryptocurrency exchange networks is added to the platform’s portfolio constantly.
Safety and Scalability Measures
The company maintains the crypto assets with an offline cold storage wallet system. This Coinpass wallet is shielded with standard bank-grade encryption conformity.
Speed With Conviction
On Coinpass, clients can authorize the crypto exchange platform instantly with no long waiting durations. Users can effortlessly sign up to the trading platform in a minute and start assured buy/sell crypto procedures.
Crypto Profit Rewards
Clients are awarded deposit bonus profits if they refer the platform to a friend or business associate.
Authorised Institutional Exchanges
For secure and reliable exchange, clients are offered a company that has air-gapped protection measures for client fiat and crypto funds. Additionally, users are granted profound liquidity for OTC trade orders. Coinpass has custody functionalities that accommodate small-scale businesses and large corporations as well.
Is Coinpass Regulated?
The platform’s trade order services accommodate crypto endowments into their system, which are associated with a delegated account and an authorized financial establishment. The client’s repositories accommodated on the Coinpass wallet are not credited with any interest compensations.
Coinpass Reviews: Pros and Cons
| Pros | Cons |
| Coinpass has been voted the best cryptocurrency exchange in the UK. | In regards to the crypto banking business, Coinpass has zero percent category popularity. |
| The UK based crypto platform is trusted by thousands of users. | Mobile applications do not suit the choices of high-level and experienced investors. |
| Clients have the ability to trade and invest in cryptocurrencies through Coinpass on an easy-to-use platform interface. | Technical glitches while users operate the application on mobile. Also, the information content is not up to the mark according to user reviews. |
| Speed, agility, reliability, and high-skilled trades are guaranteed on Coinpass. | Limited crypto coins and no wallet insurance service. |
Coinpass Registration Process
To be admitted into the Coinpass platform, users need to click the ‘Register’ button on the homepage. The user needs to add details, such as their name, email address, and a strong password. After authorizing the Terms and Conditions, an email is sent to verify the user’s account.
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Compliant-based questions are requested, which need to be submitted, such as the front and back copy of a driver’s license or passport for UK residents. A document of the residential address of the user, a selfie with the submitted document copy, and the day of submission recorded need to be submitted.
The compliance team of Coinpass will review the user’s details and send an email once the account is live on the platform.
How to Buy and Sell Cryptocurrencies at Coinpass?
Clients can make instantaneous transactions on the platform at any hour of the day. Once the client registers on the site and receives the verification, they can begin their transactions on the Coinpass site.
The platform warrants exchange pairs of the cryptocurrency markets like GBP, EUR, BTC, ETH, XRP, LTC, BCH, DOT, LINK, and XLM.
Coinpass Fees
Coinpass fees for deposits on the platform are free for all cryptocurrency exchange holdings. In regards to the trading fees in the GBP/EUR crypto markets, the fees for exchanging pairs of a minimum size order are 0.0005 BTC for (BTC/GBP) and (BTC/EUR).
For trading pairs of minimum size order, the trading fees are 0.005 ETH for (ETH/GBP) and (ETH/EUR); 1 XRP for trading pairs (XRP/GBP) and (XRP/EUR); 0.001 LTC for trading pairs (LTC/GBP) and (LTC/EUR) to name a few.
The Coinpass wallet account Tier based fees are 0.35% for Tier 1, 0.30% for Tier 2, 0.25% for Tier 3, 0.20% for Tier 4, 0.15% for Tier 5, 0.10% for Tier 6, and 0.05% for Tier 7.
Coinpass Accepted Payment Method
Deposits and withdrawals are authorized through the country’s accepted Faster Payments System (FPS) peculiarity that promotes the instant transferral of GBP Sterling between the client’s bank account and their Coinpass wallet account. Additionally, payments are made through cryptocurrency exchanges and transfers from EUR currencies from the client’s bank account.
Coinpass Supported Countries and Currencies
The platform supports cryptocurrency exchange networks of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple currently. More prominent exchanges to be added to the company’s portfolio of services.
The primary region where Coinpass is permitted is the UK. Additionally, the platform is authorized for exchanges in the European Economic Area of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
How Is Coinpass Different From Others?
The Coinpass platform permits authorized top crypto exchanges for the UK crypto community. This includes all associates and businesses. An added leverage point is that the platform is affiliated with UK governed banking establishments to render accelerated trades. The platform’s compliance measures are appropriate to the legislative UK FCA conformities.
Coinpass stands out from other crypto platforms because it does not have any outages, or delays, and its interface is effortless to use.
Coinpass API
For businesses associating themselves with Coinpass, API solutions for the enterprise’s onboarding process of customers will be offered. Through the API features, exchanges, and KYC traits will all be in one place. Additionally, modular API capabilities will also be at service when building a brand to ease consumers’ crypto transactions.
Coinpass Security
To protect clients’ funds from hacker attacks and illicit practices such as fraud, the platform has compliant measures for data security, including but not limited to the HODL that keeps the user’s crypto deposits assets guarded. Another hallmark regarding its security measures is its authentication standards that integrate biometric and multi-administrator services on user accounts.
Coinpass Customer Support
To receive help from the support team, clients can submit a request by signing in on their accounts. Additionally, the platform also renders support through FAQs, How-to guideposts, and an academy feature to garner insights on crypto trades.
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Coinpass Reviews: Final Verdict
The European DeFi ecosystem is gaining a lot of momentum. Coinpass will be adding markets such as Crypto-crypto trades for BTC and ETH networks, added alt-tokens/fiat currencies markets, and Supplementary alt-tokens/cryptocurrencies exchanges to scale up its business. The intent is to warrant 100 tradable crypto exchange to its clientele.
FAQs
Is Coinpass Safe?
The website of Coinpass authorizes all crypto trades with high-grade security measures and reliable services through their cold storage functionality.
Is Coinpass Legal?
The digital finance firm is a registered private limited company established in England and Wales.