Review on CoinsBank by Fanuel PORPORTY
CoinsBank is your «all-in-one» gateway to blockchain services
What is CoinsBank CoinsBank is a crypto platform supported by a company known as CB Exchange LP and has licensing from two regulators. These are the International Financial Services Commission (IFSC) of Belize and FinCEN Belize.
It was founded in April 2016 and has its headquarters in the UK. But it is not licensed by the Financial Conduct Authority (FCA) or any other UK regulator. Prior to this, it was known as BIT-X and primarily offered Bitcoin debit card services. Though it has retained many of its previous features, it currently seeks to act as an all-in-one gateway to crypto.
Pros
- Licensed exchange
- Simple interface, convenient orders management and real-time exchange data
- Invest in cryptocurrencies, and we make it safer with stop-loss and take-profit features
- No documents needed to begin trading
Cons
- Supports a limited number of digital currencies
- Not regulated in its region of operations (registered offshore)
- High 0.5% flat fee for trading (industry average is 0.2% to 0.25%)
