CoinW has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". 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.
What really bothers me about CoinW is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after hearing about them at a conference and I fell for the polished exterior. Never again.
Pros: Good mobile app|Excellent charting|Reliable uptime|Clean UI
Cons: Search feature is basic|Nothing significant
The spread at CoinW is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Market news feed|Intuitive for beginners
Cons: No integrated tax optimization
I have been trying to close my account with CoinW for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast execution|Multi-currency support|Quick verification
Cons: Mobile app could be improved
My withdrawal from CoinW was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Clear documentation|Fast support response|Comprehensive tools
Cons: Could offer more webinars
I was about to invest with CoinW 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