CoinW Oceans has been flagged by British Columbia Securities Commission 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.
My card was charged twice by CoinW Oceans on the same day. I had to dispute it with my bank. CoinW Oceans then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Responsive team|Risk management tools|Regular updates|Clear documentation
Cons: Inactivity fee applies after 12 months
KYC with CoinW Oceans is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good analytical tools|Intuitive for beginners|API access|Transparent fees
Cons: Minimum deposit could be lower|Desktop app not available on Linux
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CoinW Oceans is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I experienced a security concern with my CoinW Oceans account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Good analytical tools|Responsive team|Excellent charting|Easy withdrawals
Cons: Withdrawal takes 1-2 business days
Several red flags with CoinW Oceans: (1) They promise unrealistically high returns, (2) They're not registered with British Columbia Securities Commission, (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: Not registered with regulators|Unrealistic promises