Bitcoin
CoinJump Review
About the Exchange
CoinJump is a registered cryptocurrency exchange platform launched for people that want to invest in some of the most popular cryptocurrencies in the world. Bitcoin and Ethereum continue to lead the market by valuation and capitalization, aspects that act as a reinforcing pattern for more investments coming from retail individuals or large companies.
Buying or selling Bitcoin and Ether is one of the ways to take advantage of the developments in the crypto market, as the industry continues to grow and new opportunities emerge. CoinJump, an exchange registered with the Financial Intelligence Unit of Estonia, wants to enable all individuals access to competitive prices and a user-friendly interface, even when it comes to those that had no prior contact with crypto.
If you are among the people that would like to gain exposure to either BTC or ETH, our CoinJump Review will highlight the main reasons why working with this exchange will be an optimal choice.
CoinJump Services and Cryptocurrencies Supported
We need to mention that CoinJump is an exchange and by using its services you will be buying tokens (BTC, ETH) that will be later sent to your wallet address. Also, you can sell tokens bought in the past at the rates displayed on the platform.
This is a company offering services tailored for those wanting to invest in crypto, believing that the upside in Bitcoin and Ether had not been fully explored by the present time. The CoinJump buy and sell crypto services are designed for a broad audience of individuals, both those with prior background in the industry and those that are getting in touch with crypto for the first time.
As already mentioned, the two cryptocurrencies supported by CoinJump are Bitcoin and Ether. The asset list remains open and the exchange can upgrade it at any time in the future. However, considering BTC and ETH are in charge of the majority of daily flows, these are the tokens people want to get involved in.
Trading Costs and Payment Options
The trading cost is important for everyone, since buying BTC or ETH at affordable rates is the desired approach to have a larger upside potential for profit. In the case of CoinJump, the exchange fee is 4.7%, including VAT.
In terms of the payment methods supported, you can use a credit/debit card, as this is the fastest way to buy crypto. The money will reach the exchange fast and once that happens, the spot market rate will be locked and tokens will be sent to your wallet.
On top of credit/debit cards, it is also possible to use wire transfers. However, in this case, it could take more until the transaction is settled, and CoinJump will determine the exchange rate only after it receives the money.
Another aspect to consider is KYC. As a registered exchange platform, CoinJump requires all customers to verify their exchange account before performing any financial operation.
Customer Service
People already holding an account with CoinJump had been satisfied with the existing customer service. That happens mainly due to the live chat feature. This is a responsive and convenient option for anybody wanting to get more information about the benefits available. Keep in mind that the customer support is available only during the working days (Monday-Friday) in English, not just for registered customers, but also for any person interested.
This is important to be more informed and for people that don’t have prior experiences with cryptocurrency exchanges. CoinJump already relies on a simple interface, so if any additional guidance is required, an assistant will be able to help.
Geographical Restrictions
Cleobase OU is the operator of CoinJump, a company based in Tallinn, Estonia, also registered with the FIU. This means the main market for this exchange is the European Economic Area. However, people living in other countries can also use the services. For those living in countries where there might be reasons to believe restrictions are in place, the best way to find out more is by using the customer support service.
Conclusion
As long as there will be prospects for more upside momentum in both Bitcoin and Ether, exchanges like CoinJump can thrive. Many large companies have announced investments in crypto and the largest tokens are always the most favored. However, CoinJump is an exchange for the average Joe and relies on simple mechanics to facilitate the purchase or selling with ease.
CoinJump Review
Product Name: CoinJump
Product Description: CoinJump is a registered cryptocurrency exchange platform launched for people that want to invest in some of the most popular cryptocurrencies in the world. Bitcoin and Ethereum continue to lead the market by valuation and capitalization, aspects that act as a reinforcing pattern for more investments coming from retail individuals or large companies.
Brand: CoinJump
Offer URL: https://coinjump.io/en
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Services
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Assets
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Trading Costs
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Customer Support
Summary
As long as there will be prospects for more upside momentum in both Bitcoin and Ether, exchanges like CoinJump can thrive. Many large companies have announced investments in crypto and the largest tokens are always the most favored. However, CoinJump is an exchange for the average Joe and relies on simple mechanics to facilitate the purchase or selling with ease.
Pros
- Competitive exchange costs for both Bitcoin and Ether
- An exchange platform designed for the wider public
- Highly responsive live chat customer support
Cons
- CoinJump does not have a diversified crypto coverage
- The exchange operation is conducted after the company receives the funds
- It is not possible to hold tokens in the exchange account.
