| Cryptocurrency exchange | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | Männimäe/1, Pudisoo küla Kuusalu vald Harju maakond, 74626, Estonia |
| Types of support | |
| Phone Support | |
| Languages | Russian, English |
| Company owner | Coinumm OÜ |
| Age restrictions | From 18 years |
| Number of cryptocurrencies | 2 |
| Margin trading | No |
| Tokenized assets | No |
| Free demo account | No |
| Types of accounts | Standart |
| Order execution | Market Execution (at market price) |
| Methods of replenishment | Credit Cards, Debit Cards, VISA, Mastercard, Sepa |
| Withdrawal methods | Credit Cards, Debit Cards, VISA, Mastercard, Sepa |
| Account Currencies | EUR, USD, RUB |
| Types of cryptocurrencies | Bitcoin, Ethereum |
| Licenses | Licensed No. FVT000317 from MTR (Estonian Register of Economic Activities) (Active) |
| Mobile apps | No mobile apps available |
| Trader training | No |
| A way to store cryptocurrencies | Cold: yes Hot: no |
| Fiat accounts | Yes |
| Scalping | No |
| Stop loss and take profit function | No |
| Possibility to exchange for fiat currencies | Yes |
| Terminal capabilities | Exchange only |
| Basic verification | Yes |
| Advanced AML verification | Yes |
| Laws regulating activities | Estonian law |
| API | No |
| Affiliate Program | Registration20% from service income from referrals |
| Advantages | Ability to buy/exchange cryptocurrencies using bank cards Simple and intuitive interface A valid official license Thorough user verification and high security Constant expansion of services and updating of the service Prompt and round-the-clock support and fast processing of applications Fast verification and favorable rates |
| Disadvantages | Relatively high commissions compared to competitors Unfavorable terms of the agreement |
| Company requisites | Legal name: Coinumm OÜ Legal address: Männimäe/1, Pudisoo küla Kuusalu vald, Harju maakond, 74626, Estonia TIN: 14809797 |
| Overall assessment | 8.2/10 |
| Date of update | April 7, 2023 |
Coinumm is this a scam? Review and Customers Reviews
Contents
Coinumm – it’s a new cryptocurrency exchange to exchange popular digital currencies. The company appeared on the market in 2019, but despite this, the project is actively developing, introducing new areas of exchange, and gaining popularity among customers around the world.
However, many people have doubts and think that Coinumm Cryptoexchange is a scam. Let’s try to deal with this issue.
Why Coinumm?
Coinumm is a convenient and reliable digital currency exchange service. The exchange is officially registered as a legal entity in Estonia and has all necessary licenses of the Estonian regulator to provide exchange services cryptocurrenciesThis means that all financial transactions of the service are controlled at the legal level.
Koinumm offers favorable exchange rates with minimum commissions and is ready to make every effort to make every exchange comfortable and fast. The interests and wishes of the client are put in the first place for the exchanger, which is proved by informative website for new users, as well as 24/7 support on the website, available for both Russian- and English-speaking customers around the world, if the answers to the questions in the FAQ for the user did not seem inaccurate.
How to buy cryptocurrency on the Koinumm platform?
Buy/sell cryptocurrency on Coinumm begins with registration and profile verification. Clicking “Register” account on the main page of coinumm.com, you will see a form where you need to specify your email and password, and agree with the service rules. After creating a profile, the client has an opportunity to partially use the service functionality, for example, to create a “Referral link” and earn on all attracted customers, because the terms of cooperation is quite profitable and the user can earn up to 20% from the company’s profit.
In order to make an exchange, you need to verify your client’s profile. To do this, you need to go to the “Personal profile” section of the website coinumm.com and click on the “Verify Your Profile” button, then you will have access to the document upload terminal.
If you have done everything correctly, you will receive a notification that your documents have been successfully uploaded. Within the next time (the average time stated by the support is up to 15 minutes), you will receive a confirmation and will be able to use all the functionalities of the service. For new users, a more detailed step-by-step instruction is available in the FAQ section. After successful verification you choose the payment method, the desired currency and its amount, and then click on the “Exchange”. Statuses of all exchanges of the user will be displayed in the section “My exchanges” on the website coinumm.com.
Verification on the coinumm.com platform
Crypto Exchange Coinumm requires registration and verification of each customer, on the basis that it operates under AML policy and EU regulator requirements, in order to ensure the security of user assets. You must verify your identity in several ways:
- Provide proof of identity (ID card or international passport)
- Upload a document confirming address no older than 3 months from the date of issue (utility bill, bank statement, document indicating residence registration, driver’s license, residence permit with a note of residence address).
- Provide selfies with proof of identity.
In addition, at any stage of use of the service you are obliged to provide the necessary information at the first request of the company.
Terms of buying cryptocurrency
The exchanger can be used by adults who are not residents of the following territories: Afghanistan, Algeria, Bahamas, Bahrain, Kosovo, Bangladesh, Bolivia, Georgia, Bosnia and Herzegovina, etc. This condition is specified in the user agreement as well as in the FAQ section.
Supports 3 types of fiat currencies: Russian Ruble, American Dollar, and Euro. 2 virtual currencies: Bitcoin (BTC), Ethereum (ETH). Cryptocurrency storage service, the company Coinumm does not offer customers. Cryptocurrency after purchase is sent to the purse specified by the customer. Replenishment and withdrawal are made by VISA/MasterCard, SEPA transfer.
Deposit and withdrawal limits
On the site coinumm.com There are quite high limits for making exchanges. You can deposit to your account from 50 EUR or other equivalents of this amount: 50 USD/5000 RUB. Maximum deposit amounts: 10,000 EUR/10,000 USD/800,000 RUB. Existing exchange reserves change every minute, we recommend to check the current exchange rate on the site.
Coinumm Commissions
For every exchange when buying cryptocurrency in Coinumm, an additional fee will be applied, which consists of:
- Processing Commission.
- The commission fee for the services of the company itself.
- Network Commissions.
The amount of the fee is specified in the user agreement.
Koinumm Bonuses
As such promotions and bonuses are not offered on the site. However, the service has a profitable affiliate program.
Referral program
Every Coinumm user has the opportunity to earn money by referring other customers.
To do this, after registration, you must go to the “Partners” section, create your unique affiliate link, and then place it to attract your friends / acquaintances in public sources (How to Make Money on Cryptocurrency?). If it is used by users who subsequently register and make transactions, you will earn up to 20% from each transaction. Payments are made at the request of the user, through the form in the client’s profile.
Complaints about Coinumm
Due to the fact that the exchanger conducts its activities for less than 1 year in the market, the negative reviews could not be found, but according to customer reviews, we can conclude that the main features of the service, it is:
- Quick verification
- Good courses, compared to competitors
- Operational and round-the-clock support
- Fast processing of applications
The feedback is taken from the international service that verifies the user (requests data confirming that the user actually used the exchanger’s services) and to which Coinumm refers.
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Coinumm regulation
The field of cryptocurrencies is profitable and therefore popular with scammers. Therefore, before depositing your money, you should familiarize yourself with the regulatory documents and licenses of the exchanger. The service is officially licensed and operates legally
Koinummm Regulator
Coinumm Exchange is registered in Estonia (registration number 14809797) and has a valid license number FVT000317. This is also confirmed by publicly available information in the official state register of Estonia. All legal relations between the client and the company are regulated by the User Agreement, which must be read at the moment of registration.
Coinumm.com User Agreement
The User Agreement describes the procedure and limitations of the client working with the service. Transactions are processed within 48 hours. If this period is violated, you have the right to request a cancellation, and the money will be returned within another day. For the withdrawal, the payment method with which the deposit was made is used.
Coinumm is not responsible for losses and lost profits resulting from force majeure (clause 9).
Any disputes are resolved through negotiations (clause 10). In other words, we are obliged not to go to court, but to solve all disputes through dialogue with company representatives.
Is Coinumm a scam?
Coinumm – is a new cryptocurrency exchanger on the market with convenient payment options and multiple channels of communication with the support team (round-the-clock chat on the site, email, social networks). The exchanger is as simple as possible for newcomers and fast in terms of verification procedure, but it requires users to strictly adhere to the rules (violators are blocked without the possibility of restoring the account). However, this is a standard procedure of AML policy implemented by EU regulators.
The license of the company-owner can be checked on the official website of the Estonian regulator. The agreement, although it removes liability from the provider for any loss of funds by the client, still does not establish bonded obligations. Coinumm is not a scam, but quite a decent representative of cryptocurrency exchange, according to the directions indicated on the website. It is recommended only to start with small amounts, if you are using it for the first time, so that there will be no questions after the exchange processing.
Conclusion
CoinummIn our opinion, it offers quite good conditions: the size of commissions here is smoothed by favorable enough rates, and the confirmation of verification – platform security and international requirements on money laundering (AML).
Reviews of the service are exceptionally good at the time of the article’s creation, no negative reviews were found. Coinumm has all chances to become one of the industry leaders if they continue to adhere to high standards and strive to provide the best rates in the cryptocurrency market.
Reviews
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Feedback approved for publication Rate your review 000Good company
I chose this company because I needed to translate currency into rubles. Very fast, everything is convenient and understandable. A small commission also attracted me, this is a huge plus. I will continue to use this company.
Positive- Quick translation
Minuses- Did not find
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Feedback approved for publication Rate your review 000There was a need to convert the currency into rubles
I decided to use this service when I needed to convert currency into rubles. At first I want to note the fast conversion speed, low commission and quick technical support.
Positive- Speed
Minuses- No
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Feedback approved for publication Rate your review 000Excellent exchanger
I needed to transfer currency into rubles, so I decided to use this service after reading the reviews. The transfer went quickly, the commission is small, and now I use it only.
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Feedback approved for publication Rate your review 000I liked the exchanger
I used this exchanger to transfer currency into rubles. The commission is not big and the transfer is fast. Technical support has answered all my questions. I will use it again.
Positive- Fast
Minuses- didn't reveal
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Inaccurate feedback Rate your review 2+10Secure exchanger
The commission is adequate, the coefficient is high. The exchange rate is fast. I have used it several times and everything is great.
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Rate your review 0-11Reliable
I recommend the service for responsive support. All exchange functions work like clockwork, and most importantly reliable. 10 out of 10.
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Rate your review 000Good exchanger
This is a convenient exchanger with quick money transfer to the card; I once exchanged money in another exchanger and was worried that I was cheated for half an hour, but there is no such thing here. I was worried about being cheated here.
Positive- Convenience, reliability
Minuses- No
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Rate your review 000Excellent exchanger
I like it very much for the fact that I change at a favorable rate, all quickly and accurately.
Minuses- No
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Rate your review 000Reliable exchanger, I recommend it
I have been working with this exchanger for a long time, everything is clear, not once they cheated, you can immediately withdraw crypto to the card and back, the interest here is not great.
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Rate your review 000Good exchanger, fast transactions
I have tried it for myself – exchanger is really good. No problems or difficulties in the process – exchange is fast, exchange rate is good, so I will continue to use it.
Positive- Good course
- Fast exchange
Minuses- There is no such
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Rate your review 000Great
Good exchanger, nice rate, low commissions and fast speed. There is an interesting affiliate program, it is always nice.
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Rate your review 000I use
Convenient service for the exchange, everything is done quickly and with complete security. I use it and will continue.
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Rate your review 000I'm happy with everything
I’ve exchanged crypto for currency here more than once, the service works as it should. Plus, quick withdrawal to the card is a good thing
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Rate your review 000Decent exchanger
I used this exchanger on the advice of a friend. I was pleased with the low commission and instant top up (not when you sit 5 minutes waiting for the top up with a feeling that you were cheated). I have not had to communicate with support, all went smoothly and without her help.
Positive- Low commission
Minuses- Didn't find it
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Rate your review 000Decent exchanger
I used this exchanger on the advice of a friend. I was pleased with the low commission and instant top up (not when you sit 5 minutes waiting for the top up with a feeling that you were cheated). I have not had to communicate with support, all went smoothly and without her help.
Positive- Low commission
Minuses- didn't reveal
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Rate your review 000exchanger
Several times I used the exchanger. I liked the fast crediting. The commission is small. The site is very safe. I will use it again.
Positive- small commission, reliability
Minuses- No
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Rate your review 000Clear and simple exchanger
The exchange is instant, everything is intuitive, the commission is acceptable. Technical support responds quickly.
Positive- quickly, honestly
Minuses- No
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Rate your review 000Low commissions
The exchange is fast, commissions are not high. I use this exchanger and I like its stable work.
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Rate your review 000Excellent exchanger
Good cryptocurrency exchanger, very convenient and fast, I have used it several times, everything is fair, commission is low. I liked the work of Coinumm
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Rate your review 000Just what you need
Not a bad exchanger, all honestly entered and withdrawn. No pitfalls in the form of hidden fees.
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Rate your review 000Great service
I work with cryptocurrency, often have to exchange, very fast processing of requests, the service is understandable and very convenient
Positive- Convenient, fast
Minuses- Didn't find it
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Rate your review 000Coinumm - my opinion
I do not even think, but I can say for sure that the company Coinumm
Professional and decent, may certainly be a negative, as in fact any company, but I tell you it is not critical in this company, works professionally, honestly and most importantly, fast, I recommend itPositive- responsibility and integrity
Minuses- I didn't see any cons
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Rate your review 000No problem
Changed rubles from MasterCard to bitcoins, the transaction was smooth, the commission is adequate.
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Rate your review 000Everything is fine
Several times I used the exchanger. I did not have to do it on a regular basis. No questions or complaints.
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Rate your review 000For the first time I used the...
For the first time I used the exchanger and did not regret it! I will be using it all the time, I will be using it in the future. I will use it all the time
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Rate your review 000I have been using this service for...
I have been using this service for a long time. The exchange always goes quickly. The site is safe, never had any problems with it.
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Rate your review 1+20I use the services of the company...
I use the services of the company not so long ago, but I can already draw some conclusions. First and foremost, it is the honesty of the company, no hidden fees, but from here follows and minus, the percentage of commission is quite high.
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Rate your review 1+10All honest, no cheating, instant transfer of...
All honest, no cheating, instant transfer of money. Fast growth and anonymity. User-friendly interface
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Rate your review 1+10Adequate rate, converted dollars to bitcoins, funds...
Adequate rate, converted dollars to bitcoins, funds were received quickly, I am satisfied with the service.
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Rate your review 00Service is not a scam. Made a...
Service is not a scam. Made a deal to exchange cryptocurrencies. The commission is not perceptible. There were no problems in transfer.
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Rate your review 00Very user-friendly interface, although not the most...
Very user-friendly interface, although not the most understandable for beginners. The withdrawal is fast and the commission is adequate. Now I use only this service.
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Rate your review 00I have recently started using this exchanger...
I have recently started using this exchanger and I have not lost! The commission is not so big, funds are transferred quickly and easily! Now I use only Coinumm
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Rate your review 00I have something to compare it to
I have something to compare it to. I have been using it for three months. The interface is convenient and understandable. Payment is fast.
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Rate your review 00I choose this exchanger because of the...
I choose this exchanger because of the lack of delays and prompt support. The commission is as stated – everything is clear, thank you!
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Rate your review 00For me it was a little bit...
For me it was a little bit difficult to understand the site, but then everything went perfectly. The exchange rate is favorable, exchange operations are fast and, most importantly, reliable!
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Rate your review 00I am satisfied with the service, I...
I am satisfied with the service, I have been using it lately, it works fine. The commission is not higher than others. The exchange rate is normal.
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Rate your review 00Not a bad service. I was pleased...
Not a bad service. I was pleased with the low commissions, which is why I chose Coinumm. From the minuses I can note only the design, but this is just my opinion
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Rate your review 00Really good service. I have something to...
Really good service. I have something to compare it to. I have been using it for three months. The interface is convenient and understandable. The application for exchange is processed quickly. The commission is a little disappointing – high, in my opinion. But there is no cheating.
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Rate your review 00I recently started using this service. It's...
I recently started using this service. It’s great that they have an affiliate program. It wasn’t hard for me to understand, because the site is user-friendly and understandable. I was disappointed by the slightly inflated withdrawal fee. It was a pity to lose my money.
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Rate your review 00I have no problems with the exchange...
I have no problems with the exchange here. Now I will use this exchanger all the time. Terms, exchange rate and speed are quite satisfying and pleasing to me.
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Rate your review 00I am very satisfied with the service
I am very satisfied with the service, transfers are very fast and the commission is very good. I personally like the service and I intend to continue using it for transfers in the future.
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Rate your review 00Rates are a little higher than the...
Rates are a little higher than the stock exchange, but it is the best option for those who just change crypto and currency, and do not want to bother with the registration on the exchanges.
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Rate your review 00Really worthwhile service. Often have to buy...
Really worthwhile service. Often have to buy cryptocurrency, withdraw it to the bank card. I like their user-friendly and clear website. They have good rates. Verification is fast.
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Rate your review 00A good exchanger with an adequate rate
A good exchanger with an adequate rate. Supports all major cryptocurrencies. High speed of transactions.
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Rate your review 00I used different cryptocurrency exchangers, but in...
I used different cryptocurrency exchangers, but in my opinion this one is the best. There is verification, which is very reliable. Plus the rate is good.
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Rate your review 00I decided to try such sites for...
I decided to try such sites for the first time, searched for a long time, understood, came across this one and decided to take a chance. I was bribed by the fact that there is verification (for me it was one of the main requirements). I did not miss a chance, I recommend it to everyone. It was a little… Read more
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Rate your review 00I tried to exchange crypto at different...
I tried to exchange crypto at different exchangers, but I trust the one that requires verification. And there is one here. The exchange rate is profitable, the exchange doesn’t freeze, everything is fast and reliable
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Rate your review 1+10You can trust the exchanger, it has...
You can trust the exchanger, it has verification, there are no hidden fees. Fast exchange at any time, my young man and I use it.
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Rate your review 00Only here you can exchange crypto cheaply...
Only here you can exchange crypto cheaply and quickly. It’s good that I found this exchanger.
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Rate your review 00My husband bought ether, he liked the...
My husband bought ether, he liked the course. There was a small problem in the process, but support helped quickly. So all in all everything was satisfactory here.
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Rate your review 00Coinumm is a good project! Quick verification
Coinumm is a good project! Quick verification. Withdrawal of funds is not so fast, but the money comes and it’s nice. Thank you!
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Rate your review 00Convenient functionality and quick verification. Withdrawal of...
Convenient functionality and quick verification. Withdrawal of funds is mostly fast, sometimes you have to wait, but the money always comes.
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Rate your review 00Support is very responsive, they helped a...
Support is very responsive, they helped a lot, despite my error exchange, everything was corrected, I didn’t lose any funds.
Thank you! -
Rate your review 00Verification went smoothly, the transaction took just...
Verification went smoothly, the transaction took just over 10 minutes. I’ll be back.
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Rate your review 00It's not the first time I've used...
It’s not the first time I’ve used it. it’s always been cool. I recommend it.
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Rate your review 0+20Coinumm liked it!!! Quick verification. Fast deposit...
Coinumm liked it!!! Quick verification. Fast deposit of funds.
Withdrawal has not done yet, but I hope you will work as quickly.
Thanks to the team!
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