Coinroom

Coinroom

Coinroom
In Social Media:
Complex Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $3,727,381

Coinroom is a full digital asset trading platform that offers fast transactions, express transfers, and ATM withdrawals. Coinroom offers the choice of trading anonymously, but limited features would be available. For registered users, the platform has extensive trade functionality, such as several order types (stop loss, take profit etc), fiat support, and flexible payment methods.

By offering numerous types of Market Orders and complex trading dashboard views, the Coinroom platform is mostly suited to advanced users that put emphasis on trading flexibility. The FAQ section provides users with plenty of information, and if further guidance is needed, Coinroom also has a hotline and chat support.

Traditional Currency Support

  • Euros (EUR)
  • Polish Zloty (PLN)
  • Russian Ruble (RUB)
  • Swiss Franc (CHF)
  • US Dollar (USD)

Language Support

  • English
  • Polish

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows Advanced and Basic option
  • Allows customized alerts and notifications

Advanced
Options:

  • Limit Order
  • Market Order
  • Stop Order
  • Take Profit
  • Stop Loss Limit
  • Take Profit Limit
  • Trailing Stop
  • Trailing Stop Limit

Discounts For
The Big Traders:

  • Reduced Maker fees
  • Volume based discounts

Coinroom 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
They claim to hold user funds in cold storage but are not specific about it.

Advanced Security Features:

  • Email reports of logins
  • Monitor bahavior patterns for suspicious activity
  • Email Notification of withdrawal
  • Invoice Request

Security Features:

  • SSL
  • Protection from DDoS attackes
  • Regular Auditing Programs

Legal Registration or Compliance:

  • General Inspector of Personal Data Protection

Coinroom belongs to Coinroom Sp. z o.o., a Polish company headquartered in Warsaw. The CEO of this firm is Tomasz Wiewiora, but there is little to no information about his previous experience or expertise. The company was registered in 2016 and the platform was fully launched in March 2017. They have been in the news in 2016 with plans to open offices in European and Asian countries.

Summary:

Coinroom has extensive features in terms of trading functions, but it lacks the legal operational framework in which a serious trading platform should operate. However, there are only a few public complaints and users seem to be satisfied with what they get. Since it has been recently launched, it would be wise for users to trade with caution and avoid storing large amounts on Coinroom.

Ease of use
Complex
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
0-0.09%
Deposit/Withdrawal Fee c For Bank Transfer
3USD + 0.35%/Withdrawal, Maximum 6 USD/Deposit
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
1.1+
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto

Functionality:

Coinroom offers numerous Market Order types and support for numerous trading pairs of several cryptocurrencies against major fiat-currencies. Users also have funding/withdrawal flexibility through extensive options on Coinroom and can trade without registering an account or they can pay bills in the EU area.

Most common
customer complaint:

Some users complained about the complex interface and misleading liquidity practices of the platform, (buying and selling their own Bitcoins).