CoinJump Review – Buy or Sell Bitcoin Easily!
Out of all the registered exchanges out there, Coinjump stands out significantly, mainly because it manages to provide highly competitive exchange services.
Introduction
Buying and selling cryptocurrencies via a registered exchange platform seems to be the latest industry trend, considering all the problems faced by all the major brands operating offshore. Although two or three years ago this seemed like not feasible, that in 2020 we will have exchange platforms that have registered their activity, are compliant with AML/KYC rules, and operate within predefined guidelines, but as you can see, this hope became reality.
Out of all the registered exchanges out there, Coinjump stands out significantly, mainly because it manages to provide highly competitive exchange services. If you are looking for a European registered cryptocurrency exchange, stick to the end of this CoinJump review, because it will provide more insights into what the brand currently has to offer.
Overview
Operated by Cleobase OÜ, CoinJump is a cryptocurrency exchange platform based in Tallinn, Estonia. It is registered with the Financial Intelligence Unit (FIU), holding a cryptocurrency wallet service license number: FRK000973. The brand is authorized to provide services of exchanging virtual currencies against fiat, which means users can enjoy trusted exchange services.
CoinJump is an exchange providing transparent and competitive services, offering all the information available on its official website. At coinjump.io, anybody can interact with a customer representative via live chat and get all the information before signing up for an account.
CoinJump is currently one of the fastest and easiest ways to buy and sell Bitcoin or Ethereum. At the time of writing, these are the cryptocurrencies supported by the exchange, promising to constantly upgrade with more coverage depending on the demand. Users can deposit funds using a credit/debit card or wire transfer and exchange it into crypto at some of the best market rates.
The CoinJump exchange fee is 4.7%, including VAT, which is one of the most competitive costs in the market. To provide competitive rates, the exchange takes the average rate of the exchanges and miners it works with, and for high volume purchases, it has assembled an OTC desk to close a rate in a short period.
Signup Process
To open an account at coinjump.io, the process has been simplified so customers will be able to get past it and the verification stage fast. Anybody wanting to register needs to provide an email address, mobile phone, set up a powerful password, and agree with the Terms and conditions, privacy policy, and confirm they are over 18 years old. Once the verification email has been sent and confirmed, users will need to provide more personal details and upload an ID, in compliance with the AML/KYC requirements.
They also need to sign the KYC document when buying a certain amount, as CoinJump is very strict and asking for KYC in every purchase. It is impossible to start buying crypto if the verification stage had been skipped.
Security
Fully aware of all the concerns related to cryptocurrency exchange security, CoinJump is relying on a web-based platform, integrating multiple security protocols to prevent unwanted access to any user account. At the same time, the exchanged tokens will be sent to the user crypto wallet once the transaction is settled, removing concerns related to custody.
The exchange does its part in ensuring a secure environment, but it will also be important to note that each user must take precautions. Strong passwords, keeping the private key confidential, or using several other safety features like 2FA are necessary to rest assure that nobody will access an account without permission.
Deposits and Withdrawals
CoinJump keeps things simple and provides support for the most popular payment methods in the market. As a result, clients can use a credit/debit card (Visa or MasterCard) or a wire transfer to deposit fiat. Once the exchange is done, the tokens will be sent to a provided wallet address. CoinJump does not provide wallets, so each user will need to open one with any of the providers in the market.
Customer Support
To prove that it has a customer-oriented approach, CoinJump has a team of representatives available 24/5. Users can get in touch with them either via email (using the support email or the contact form) as well as via the live chat feature. This ensures swift access to customer support services and will help people solve issues fast, without long waiting periods.
Final Thoughts
As cryptocurrencies continue to grow in popularity, an increasing number of people want to be part of this industry. CoinJump is one of the exchanges currently providing competitive services for Bitcoin and Ethereum, the largest cryptocurrencies in the world, that continue to benefit from high daily volumes and interest from institutional investors.
CoinJump has a solid work ethic and because of that, it operates under the strict requirements of the law, currently being registered in Estonia. Compliant with high standards, this is one of the exchanges to work with to make sure that any vulnerabilities will be negated.
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