Yandex

CoinsBank

Feb 07, 2018 Xaviera Payment platforms
Name
    Coinsbank
CoinsBank image

Overview

CoinsBank is one newest and leading Platform for professional crypto traders and merchants which was introduced in 2016 and is based in Edinburgh, United Kingdom. It has launched its first crypto solution during the Money 2020 Europe event in Copenhagen on April 4th, 2016.

CoinsBank has a very complex ownership structure. The coinsbank.com site is operated by CB Exchange LP, a UK company registered in 2015 where the general partners and the limited partners are both offshore companies. The financial services are provided by XBIT LTD which is registered in Belize.

It offers a bitcoin wallet for the cryptocurrencies such as Bitcoin and Litecoin and fiats currencies such as U.S. Dollars (USD), Euros (EUR), British Pounds (GBP), Russian Rubles (RUB), Australian Dollars (AUD), Swiss francs (CHF) and Japanese Yen (JPY) and is continuously working on adding more fat currencies worldwide.

Features:

CoinsBank is your all-in-one gateway to blockchain services and has very distinct and impressive features:

  • Provides a simple way to manage your funds
  • Has an alternative trustable payment method that works 365 days and 24/7
  • Flexible payouts settings
  • Your business gets more profits, fewer fees, fewer credit/debit card chargebacks, and less fraud.
  • Your Debit Card and CoinsBank Wallet are perfectly united as its accepted worldwide
  • Offer your customers the world’s fastest, safest and cheapest payment option
  • Receive payment in any amount, from anywhere in the world, from any computer or mobile device.

Fees:

Fees vary depending on the types of currency used and methods as well. You can find the fees below:

Bitcoin

  • Deposits from 0.0001, no fees, 3-6 confirmations required
  • Withdrawals from 0.0001. Fee 0.5%, min 0.005, max 1
  • No verification required for deposits and withdrawals if no fiat operations processed

Litecoin

  • Deposits from L0.001, no fees, 6-12 confirmations required
  • Withdrawals from L0.001, 0.5% fee
  • No verification required for deposits and withdrawals if no balance on fiat accounts

Bank transfers

Wire transfer EUR

  • Deposits min 500, max 1000000 per 24-hour period, no fees. Verification required.
  • Withdrawals from 500. Fee 1%, min 50

Wire transfer USD

  • Deposits min 500, max 1000000 per 24-hour period, no fees. Verification required. -Withdrawals from 500. Fee 3.5%, min 100

Wire transfer GBP

  • Deposits min 500, max 1000000 per 24-hour period, no fees. Verification required.
  • Withdrawals from 1000. Fee 3.5%, min 100
  • SEPA EUR for Corporate customers
  • Deposits from 5000, no fees. Corporate verification required.

You may visit the link below to check other relevant fees https://coinsbank.com/fees

Disadvantages:

Thou CoinsBank is a great platform it also has some downsides such as:

  • No API or any integration services open to the users/developer etc.
  • No documentation for Java, .net, and Python-based applications.

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