What Is Coinpass?
Coinpass is a cryptocurrency exchange based in the United Kingdom that allows users to buy and sell 15+ different cryptocurrencies. It was founded in 2018 and the platform is compliant and registered with the UK FCA (Financial Conduct Authority), making it a safe and compliant option for trading crypto.
Key Features
Other Features
Trading Dashboard
Coinpass caters to both beginner and experienced traders, offering both simple and advanced trading options. The platform has an easy-to-use interface for those new to crypto trading, as well as more advanced features for those looking to take their trading to the next level. Coinpass's trading dashboard includes charting tools, market orders, limit orders, and other advanced order types.
Supported Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Bitcoin Cash (BCH)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Litecoin (LTC)
- Polygon (MATIC)
- Stellar Lumens (XLM)
- Uniswap (UNI)
- Chainlink (LINK)
- Tezos (XTZ)
- Ripple (XRP)
- EOS (EOS)
- Cardano (ADA)
- Tether (USDT)
- USD Coin (USDC)
Opening An Account
Coinpass makes it easy to open an account, with a process that takes as little as 5 minutes. To set up an account, users simply need to download the app, verify their identity through the KYC process, and deposit funds. Once these steps are complete, users can start trading on the platform. Coinpass reports that 94% of its users have set up an account on the platform in less than 5 minutes, making it a fast and convenient option for accessing the crypto market.
Coinpass Fees
Fee Type | Amount |
|---|---|
Trading Fee | 0.35% |
Spread | ??? |
GBP Deposit | Free |
EUR Deposit | Free |
GBP Withdrawal | £5.00 |
EUR Withdrawal | €5.00 |
BTC Withdrawals | 0.0005 BTC |
ETH Withdrawals | 0.005 ETH |
Cell |
Security
Coinpass is in the FCA database
Coinpass is a relatively young company (founded in 2018) and their security page provides very minimal information. For example, it doesn't say how much their crypto is insured for and just provides general statements like "layered security measures." On the bright side, Coinpass is still FCA regulated and has never had any hacks.
While Coinpass looks safe, it doesn't replace the need for your own wallet. I recommend the Ledger, which is the world's most popular hardware wallet and it lets you store your funds offline, away from hackers.
The Bottom Line
Coinpass is good if you're looking for a compliant fiat on-and-off ramp in the UK to trade major cryptocurrencies like Bitcoin and Ethereum. It has 15 cryptos, 0.35% trading fees and free deposit and withdrawals. However, if you want hundreds of altcoins, lower fees, and additional crypto features, we recommend a Binance or KuCoin account.