Wall of Coins

Wall of Coins

Wall of Coins
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Wall of Coins is a Bitcoin and DASH peer-to-peer exchange that claims to stand out from competitors through their high security and privacy standards, transparency and some of the lowest rates on the market. The platform originally launched for the US only, but has since expanded availability to over 20 countries around the world.

Wall of Coins is perfect for those wanting to avoid complex identity verification, as it only requires a phone number and an email address. The straightforward design and the SMS system that walks users through the process of buying, makes WoC a suitable option for first time or occasional traders. However, it is worth nothing that users have reported issues with the availability of currencies.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • English

Country Support

  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Germany
  • Ghana
  • Hong Kong
  • Latvia
  • Malaysia
  • Mexico
  • Nigeria
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russian Federation
  • Singapore
  • Spain
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • API

Partners and integrated software

  • Dash Wallets via WoC API

Wall of Coins 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.

Security Features:

  • SSL
  • PGP/GPG email encryption

Wall of Coins is run by a Florida-based company, Genitrust Inc. They have been operating in the crypto industry since 2010. In 2014, they launched the Wall of Coins platform. Robert Genito, WoC's Project Director, is very active online, addressing complaints and trying to improve services. They have been in the news for their partnership with Dash and for their recent expansion to more countries.

Summary:

World of Coins is great for those who want to anonymously buy DASH or Bitcoin with cash, while sellers might also be tempted by the promise of 0% exchange fees. It is not well-suited to those who want to make instant transactions or for advanced traders, though. As with any exchange that has mixed reviews in terms of dependability, it is advisable to trade with caution on Wall of Coins.

Ease of use
Intuitive
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
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Send/Receive Crypto, Cash Deposits

Functionality:

On Wall of Coins, sellers can set their own prices and pay no commission fees to the exchange for posting sale advertisements. Users can buy cryptocurrencies at their local Western Union or Moneygram offices with fiat currency. After the payment clears, the cryptocurrency amount is added to the user's Wall of Coins account and should then be withdrawn for safe storage.

Most common
customer complaint:

Unavailable customer support via telephone, users not receiving the coins they have paid for