Coinflux

Coinflux

  • Romania

  • Buy/Sell from the platform

  • Coinflux.com

  • Since 2018

Coinflux
In Social Media:
Very basic Ease of use,  Enough secure,  Anonymously trading

Coinflux is one of the leading Romanian crypto exchange platforms. The service is dedicated to all type of users and provides an easy solution to buy or sell cryptocurrencies. CoinFlux claims that since December 2015, they have exchanged over 400 million RON worth of Bitcoin, Ether, and Litecoin.

Coinflex is designed for all types of users. Given their focus on the functionality of their platform over usability, the interface does not always offer the best user experience. Coinflex accepts Euro payments only for European residents and RON payments for Romanian citizens.

Traditional Currency Support

  • Euros (EUR)

Language Support

  • English

Country Support

  • European Union
  • Romania

Platforms Systems

  • Web Interface

Coinflux security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Advanced Security Features:

  • Monitor bahavior patterns for suspicious activity
  • Limit amount of daily trades
  • Limit amount of daily withdrawls

Security Features:

  • SSL
  • PCI DSS standards

Legal Registration or Compliance:

  • KYC/AML Compliant

Coinflux was founded in 2015 by Vlad Nistor. Vlad has been involved in crypto trading since 2014 and has over 7 years experience in finance. The company is based in Cluj-Napoca, Romania and is focused on providing an exchange system which offers better pricing and faster service than international competitors.

Summary:

Coinflux is a small trading platform that has managed to work their way up to a high level of trust and a good reputation in the Romanian cryptocurrency market. They succeeded in solving a delicate security situation at the end of 2017, and it seems they are intent on working to improve customer service, functionality, the user interface, and trading options.

Ease of use
Very basic
Transaction Fees
It's free (fees may be hidden)
Deposit/Withdrawal Fee
It's free (fees may be hidden)
Deposit/Withdrawal Fee c For Bank Transfer
It's free (fees may be hidden)
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto

Functionality:

The platform is continuously upgrading and trying to offer an improved user experience. They often make surveys to poll users about new features. Clients can use their Flux wallet to buy multiple times and create multiple orders. The platform offers simple functions and provides settlements in local currencies to bypass expensive international bank transfer fees.

Most common
customer complaint:

Blocked accounts, blocked transactions