Coiniest Digital has been flagged by Securities Commission for "Unauthorised". Operating a digital asset exchange (DAX) without registration This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform itself is okay, but the customer service at Coiniest Digital 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: Demo account available|Fast execution|Helpful community forum|Multiple order types
Cons: No crypto staking|No live chat on mobile
I was about to invest with Coiniest Digital but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
I was contacted by Coiniest Digital 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.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After for about ten months with Coiniest Digital 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: Great customer service|Clear documentation|Multi-device support
Cons: Limited cryptocurrency options
Coiniest Digital offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Tax reports included|Demo account available
Cons: Cannot customize dashboard fully|Wait times can be long during peak hours
I requested my data from Coiniest Digital under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Fast support response|Quick verification
Cons: No phone support on weekends