Coinhive has been flagged by Central Bank of Ireland for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Customer support at Coinhive seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Quick verification|Social trading features|Excellent charting|Comprehensive tools
Cons: No live chat on mobile
Several red flags with Coinhive: (1) They promise unrealistically high returns, (2) They're not registered with Central Bank of Ireland, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Central Bank of Ireland|Cannot verify credentials
Do not be fooled by the professional-looking website. Behind the scenes, Coinhive is disorganized and incompetent. I found them after seeing their ad online and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Demo account available|Multiple order types
Cons: Some tools only available on higher tiers|Minor UI glitches occasionally
After using Coinhive for a few weeks now, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Customizable dashboard|Good mobile app|No hidden fees
Cons: Limited cryptocurrency options|Account statements could be more detailed
Do not use Coinhive for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Segregated accounts|Easy withdrawals|Fast deposits|Fast execution
Cons: Mobile app could be improved|Nothing significant
After since last summer with Coinhive I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clear documentation|Detailed reporting|Automated trading options|Fast support response
Cons: Email notifications too frequent
Coinhive had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Personal attention|Good mobile app|Fast deposits
Cons: Desktop app not available on Linux|Account statements could be more detailed
I was contacted by Coinhive through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
The platform itself is okay, but the customer service at Coinhive is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: No hidden fees|Clear documentation|Full transparency|Excellent charting
Cons: Onboarding videos are outdated|Minor UI glitches occasionally
I was contacted by Coinhive through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive