The web’s most detailed Coinpass review: This UK-regulated cryptocurrency exchange serves both institutional investors and retail clients under the same roof with two different accounts, Business and Personal. Coinpass is a very clean and well-designed platform that is extremely easy to use and if you are new to the cryptocurrency investment scene you will love it. Individual traders will enjoy auto-trades, welcome bonuses, instant deposits, and free GBP deposits through their bank accounts. If you are a company owner, connect your Limited company account to Coinpass and benefit from an insured custody solution with a state-of-the-art OTC desk that is well suited to handle very large transactions in a professional manner. The FCA license in the UK combined with great investment tools is what separates Coinpass from other similar platforms, read the full story in our review.
• Regulated digital asset platform
• Free from deposit fees through bank transfers
• Signup bonus
• Few payment methods
• Not available from the United States
• Lack of altcoins
In this section of our Coinpass review we highlight 6 special features that deserves extra attention.
Coinpass is a true UK-based cryptocurrency exchange with the goal of enabling both individuals and companies to invest in digital assets through a trusted, secure, and easy-to-use platform. The company that founded Coinpass is called Coinpass Limited and has the main office located at Andrew James House, Ashford Kent, Kent TN231BB, United Kingdom.
The exchange holds a crypto-asset firm license with the Financial Conduct Authority (FCA) in the United Kingdom which is real proof of safety and trustworthiness. The team behind Coinpass wanted to bring a mix of both trading and investment to the table and has done so by offering one Personal registration for retail investors and one Business registration for Limited companies looking to connect their company bank account to handle deposits and withdrawals. This setup is the best of two worlds where simplicity meets professionalism and both parts will benefit from each other.
Why use Coinpass
Coinpass has two main use cases, the retail platform, and the professional business platform. The difference is that the retail version is more focused on direct investments in digital assets for individual persons. The business version of the exchange has a more professional approach where a crypto OTC desk is available for deeper liquidity and a custody solution with the highest standard of security for businesses. The professional side of Coinpass also offers a white-label service for those who are interested in creating their own platform.
So, if you are a normal investor who is looking for superb security, zero-fee deposits, lightning-fast signup, fiat account, and crypto auto-trade with recurring purchases you would go for the Personal version. If you are an established business with the intention of getting involved in the cryptocurrency market through bank-grade security, a deep liquidity OTC market, insured funds, personalized fees, and a bulletproof custody solution you would choose the Business version.
Trading on Coinpass
Trading on Coinpass is different depending on if you are a retail person or a business. Basically, both versions of the platform offer trading in all coins available at the same fees, mobile application, auto-trades, all investment tools, and free deposits through GBP and EUR. The business version gives access to a business trading account, institutional trading, and an over-the-counter trading desk. Through the business account, you will also be able to create your own product with the help of the Coinpass white label exchange API.
As an investor coming to the retail exchange, you are going to find trading extremely easy and free of hassle on Coinpass. The Tradingview charts help you spot trends, changes, or breakouts in an instant and you are able to enter the market through limit orders or market orders which gives good flexibility depending on the current market situation. The Coinpass auto-trade works like a dollar-cost averaging tool for cryptocurrency investments where you can decide how much to buy and when to buy. The system will then automatically invest for you with your own investment criteria.
The business trading account on Coinpass lets you connect your Limited company account to the exchange to handle all deposits (for free) and withdrawals in a very secure manner. The business version also offers cold storage for businesses which is a must-have if you are going to transfer larger sums of money to the platform. The insured custody on Coinpass is what sets it apart from many other competitors and cements its credibility and safety compared to other similar platforms.
Payment methods and limits
Customers on Coinpass can deposit money through credit cards, debit cards, or transfer funds through bank transfers. The minimum deposit is £0, the minimum withdrawal limit is £10, and there is no maximum withdrawal limit. There is a £5 withdrawal fee on Coinpass.
Things we don’t like
While conducting this review on the Coinpass Trade account I really thought that it would be a huge plus for this UK-regulated exchange would be to have a longer list of altcoins simply because most new coins coming to the market are extremely interesting and after reviewing countless platforms I know that investors are looking for cheap cryptocurrencies to invest in.
These are minor bumps in my opinion and we at Trading Browser truly recommend Coinpass to all our investors and traders reading this review. Give it a try and see if this is your new crypto home in the UK.
Coinpass Trading Fees
About the Special Features on Coinpass
This relatively new crypto exchange has done a great job of combining retail and business investing on one platform. The instant free deposits, high limits, fiat account, quick registration, OTC desk, and auto-trade are among the most important features together with the user-friendliness, mobile trading app, investment tools, and institutional trading. I really want to highlight the security of funds when using this platform. The UK regulation from the FCA gives me full trust in Coinpass and this combined with the insured custody solution on the business side makes it a trusted platform for companies as well.
When it comes to actual trading and investment tools, the auto-trade function is a huge plus if you want to automate your investing and let the computer purchase crypto once per week or once per month. This reduces the emotional aspect of investing and it frees you to focus on making good investments. It also gives you a sense of planning and order for your future investments since you now have a plan. On the Coinpass blog, you can read up on basic and semi-advanced topics to get information on things you should know as an investor. Every time we see that an exchange or platform goes the extra mile to educate its audience we like to give them a clap on the back, good job Coinpass.
Auto-Trade on Coinpass
The recurring crypto purchase system on Coinpass is a way for investors to automate their investing and allocate digital assets to their portfolios on a daily, weekly, or monthly basis. It is dead easy to set up and it only requires you to deposit funds into your Coinpass account, select the amount you want to invest, and how often you want to make a crypto purchase. For example, you can select to invest £20 daily, £100 weekly, or £500 monthly, and the system will buy your favorite coins automatically at the pre-set rate.
Coinpass Deposit Bonus
When signing up and depositing fiat money on Coinpass you are rewarded a deposit bonus of £10. To get the bonus, all you need to do is sign up as a new member and make a minimum deposit of £100 or more. This bonus can only be used to trade crypto and it can not be withdrawn as GBP. You also have to make sure that you have completed the KYC process.
Coinpass supports lightning-fast GBP SEPA bank transfers directly from your individual account or your Limited company account. The anti-fraud measures are compliant with the Financial Conduct Authority (FCA) in the United Kingdom and this is a security feature that increases the trustworthiness of Coinpass.
Besides the great charts and auto-trades, Coinpass gives you access to their newsletter and social media channels for daily updates on changes and new hot trends in the cryptocurrency market. Read up on the latest stories and catch up with old news that is getting priced into the markets as we speak.
If you are a UK-based corporation and looking for a compliant and secure cryptocurrency exchange located in the United Kingdom, then Coinpass might be your next home. The exchange has acquired a crypto-asset license with the FCA in the United Kingdom and is compliant with regulatory standards in the country. Take advantage of some of the most prominent custody solutions available on the UK market and leverage deep liquidity from the over-the-counter trading desk.
OTC Trading Desk
The OTC desk on Coinpass assures the best spot prices for large orders and depending on the size you want to trade you can get discounted rates. Larger investors can also add a recurring order through the OTC market that is bigger than the standard auto-trade orders. One great feature is that as a GBP investor you will be able to have your profits sent to your bank account the same day as you lock in the gains.
Our own experience with Coinpass
Coinpass Funding Methods
|Max Withdrawal Limits||No limit|
|Min Withdrawal Limits||BTC 0.001|
|Min Deposit Limits||$10|
Coinpass Withdrawal Fee
Is Coinpass regulated?
Yes, Coinpass holds a license with the UK Financial Conduct Authority (FCA).
Is Coinpass a legit exchange?
We consider Coinpass a safe and legitimate exchange considering it holds an FCA license, offers a 2FA verification system, and has a cold storage security option.
Frequently asked questions
Read the most frequently asked questions about Coinpass. Find answers without searching the web.
Coinpass offers only payment through Bank Transfer at the time this review was written.
Yes, it is possible to download the Coinpass app through App Store and Google Play.
Coinpass has its headquarter based in the United Kingdom.
At the moment the exchange offers the biggest cryptocurrencies and also some minor coins. The full list of coins is Bitcoin, Ripple, Ethereum, Litecoin, Bitcoin Cash, Polkadot, and Link.
The fiat-to-crypto trading fee for the professional account is 0.35%. The instant investing fee is 1.35%.
If you use the SEPA withdrawal system to withdraw GBP you will receive the money the same day.
It is an FCA-regulated and UK-based digital assets exchange for both Individual traders and Institutional investors. The exchange has great security protocols and intuitive investment tools that are very easy to use.
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