Coin-banks trading platform is quite a powerful peer-to-peer trading platform to buy and sell Bitcoin. They support over 200+ different payment methods across the world. Moreover, keeping your funds in escrow should lessen the risk coupled with trading Bitcoin to near zero. Be cautious of scammers posing as genuine buyers on this platform. Buying Bitcoin remains one of the main obstacles to typical consumers. Fortuitously, it appears more and more platforms are coming to the market. Coin-banks are becoming a rather popular Crypto Currency exchange & Margin Trading Platform platform, as it allows users to instantly purchase cryptocurrency. Let’s take a closer look at what makes this platform so unique.
Pros and cons of Coin-banks:-
PROS (why to choose)
• Service available in many countries
• High limits for buying bitcoins with a credit/debit card
CONS (Must consider factors)
• High fees for buying with a credit/debit card
COIN-BANKS IS AN Alluring CHOICE TO BUY BITCOIN Or Currency Exchange:-
The mission of Coin-banks is all about creating a secure and flaxen platform to trade cryptocurrencies.
As one would come to expect from a platform such as Coin-banks, the main objective is to let users buy Bitcoin. This is made possible by accepting several hundred payment methods around the world. Some of their popular payment solutions include Credit and Debit Cards, and many more. On paper, the platform has all of the right tools to provide as a way to instantly purchase Bitcoin anywhere in the world. Do keep in mind there is a very less fee for sellers, though.
However, Coin-banks are not just about buying Bitcoin, as users can also sell cryptocurrency through the platform. Vendors are more than welcome to join the platform, as there is always a growing demand for cryptocurrency. All traders are held in escrow until the payment is made and verified by the seller. Additionally, Coin-banks also have its own reputation system, which allows both buyers and sellers to make a name for them.
Coin-banks also have an affiliate program in place. This feature is known as the Bitcoin Virtual Kiosk offer. Any affiliate who refers people to Coin-banks to buy Bitcoin will earn 2% of their purchase. A similar program exists on Local Bitcoins, another popular peer-to-peer Crypto Currency exchange & Margin Trading Platform platform.
Unhappily, coin-banks appear the platform has to deal with its flaxen share of scammers. That is not totally surprising, considering buyers and sellers are directly dealing with other human beings when conducting a trade. This does not mean Coin-banks are not rightful though, as the company does everything they can to prevent scammers from defrauding other users. Buyers and sellers always need to do their own research before agreeing to a trade with a stranger on the Internet, regardless of what payment method is used.
Supported Countries that coin-banks offered:
Among all Crypto Currency exchange & Margin Trading Platform that accept credit cards, Coin-banks support the widest range of countries. It supports most countries global besides obviously sanctioned countries.
Reputation of coin-banks in the industry:
Coin-banks is one of the oldest Bitcoin brokers in business. It has been selling bitcoins via credit/debit cards for longer than any other company.
Fees that one needs to pay:-
Coin-banks charges high fees for purchasing with a credit/debit card. Its fees are about 10%.
Customer Support at coin banks:
Customer support is available via email. The customer service section of Coin-banks was very clear, professional and quick during the times I communicated with them upon going through the process of registration or verification. To sum upbeat the whole procedure, it was very simple clear cut and smooth than others like CEX.IO, since users are able to buy bitcoins immediately after registering.
As we have mentioned above, there is enhanced security when it comes to Coin-banks, without any extremities. For instance, you will see HTTPS and a clear environment for financial transactions without any leaks.
Still, 2 factor authentication is not a must and there is the option of using cash as a payment method (which is not as reliable as using credit 3D cards). Security includes the certification of GoDaddy and the security scanned badge. In a nutshell, some improvements would be great – but even as it is now, the security layering of Coin-banks is more than decent!
What does the community think of Coin-banks?
As to know about user experience the reviews online are the best way to get know about. Before start with coin-bank I also check various coin-banks review and these help me a lot to choose a best platform to trade and invest my funds.
All things considered, Coin-banks trading platform is a quite a powerful platform. Coin-banks wide range of accepted payment methods gives others a competitive edge. But yet the users need to take the necessary precautions to ensure they are not scammed by another person. In actual fact, coin-banks platform just correct solution when it comes to convert irreparable cryptocurrency to and from reversible payment methods.