CoinsChange review: is it safe or a scam? (05.2023)

What do we know about CoinsChange? According to the data we possess, it appears to be a not the most admired, still well established, fairly promising dealer aka exchanger. It's a broker operating for about 3 years and 4 months. CoinsChange supports some of the popular crypto. CoinsChange operator is an unknown entity or a group of individuals, but we must add that it appears as the usual way to do crypto-related business in their jurisdiction. Besides, it offers the clients a cashback bonus!

Clients from all the 255 countries & territories are welcome here, together with your home country: United States! Broker serves the US and allows registrations from all the 56 states. Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers, maybe you know how fast CoinsChange processes the orders? If you do, please share the knowledge! Thanks a lot! Specific types of orders may require identity verification to exchange crypto on this broker.

Starting from 2020, coinschange.ru is trying its best to earn the trust from the community. Despite that, our users hasn't yet rated or reviewed broker. Have you ever used the CoinsChange? If you did, please spend a minute to leave your valuable feedback, we really appreciate it and put our trust on you. Thanks! Despite the fact hadn't yet collected enough data to list these guys among the rest of the approved exchange services (more information below) and therefore can't yet assign the rating to this broker, we can propose a preliminary evaluation: 67/100. Not bad!

So, what's our opinion so far? Based on the information we currently hold, CoinsChange should be a not that bad site to swap Bitcoins; an exchange that should provide the service of acceptable quality. Let's appraise everything in details...

Overview: is CoinsChange safe?

CoinsChange operates as the Broker. A project had started up in January 2020. Despite the fact that we couldn't find any information about the company that manages coinschange.ru site (and are not even sure if there's a legal entity at all), we must say that it's rather a usual practice for the "exchangers" from Russia and the neighboring countries. The main reason for this is the uncertain local regulation; such exchange providers have no way to open a corporate bank account, etc.

Research: best alternative to CoinsChange

By reason of we can't (yet?) endorse the coinschange.ru, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:

A glance at the service specifics confirms that CoinsChange employs the business model of a Broker; exchange started the business January 2020 and up-to-date operates for 3 years and 4 months. It received some reviews and seems to be known on the local market. There is no information available about the company doing business as CoinsChange, etc. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about coinschange" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:

TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:

• It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
• The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
• The exchange runs the business for a long time; project was started 5 years ago
• TransCoin accepts the registrations from 255 countries; customers from United States can use the services
• Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.

According to our research and the community vote, TransCoin is the best Broker worldwide. That's a really outstanding result, considering that we compare 333 exchange platforms! Long story short, this means that transcoin.me truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!

CoinsChange fees, limits, verification, etc.

Even though we still consider if we should add COINSCHANGE to the list of approved exchange platforms and the individual dealers-exchangers and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a well-established broker running from Jan 2020. We could not find any information about the company administering the website; no signs if there's any legal entity at all. That's not a good indication, but sadly it's rather a usual practice for "exchangers" operating on/from the Russian and ex-USSR market.

coinschange.ru is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.

Dealing with a reputable service of the sort is virtually risk-free, especially if you don't send a lump sum at once. Just please remember that trading with an anonymous or almost anonymous dealer requires extra caution!

Fees & Limits at CoinsChange

We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with CoinsChange is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!

CoinsChange account verification

The broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like CoinsChange operate in a gray area due to the fact that their target markets have no cryptocurrency regulation in place. Therefore such providers either have no KYC programs at all or maintain a very simple one. You'll get acquainted with the details during an order submission.

As for the estimation how long does it takes to verify an account at CoinsChange on average: we must apologize, our platform still haven't collected enough feedback from the real users of a broker. By any chance, if you know how fast coinschange.ru is with an account verification, kindly let us know too. We really appreciate your commitment!

Supported countries

The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by coinschange.ru, it has no blacklisted geographies and no geo-restrictions!

Does CoinsChange allow the users from United States (US)?

That's right, it does! coinschange.ru permits the registrations from the United States! Broker grants access to the customers from all the existing 56 states, territories, and commonwealths of the U.S.A..

American residents and the U.S. citizens are welcome to convert various crypto currencies offered by the broker.

Ops, sorry! Can't get an access to the data regarding the US operations of CoinsChange. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.

Customers' testimonials

We still hadn't received any reviews of coinschange.ru we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Broker or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!

FAQ about CoinsChange

CoinsChange vs other exchanges

We understand that you likely are interested to choose a most trusted broker that has flawless reputation and great reviews so we took the liberty to compile a list of alternative sites you may use instead of CoinsChange. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!

CoinsChange vs WMexpress

A comparison of the key features and the principal facts about WMEXPRESS versus CoinsChange; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:

review of WMexpress, users' testimonials

• WMexpress is a broker The way coinschange.ru website functions fits the broker format, both following the same approach to the business.
• WMexpress had launched the service August 2015 CoinsChange started the project January 2020 (WMexpress is operating for 4 years and 5 months longer).
• WMexpress operates without any registration or no information is available about the legal entity CoinsChange carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• WMexpress not offers any gifts nor a cashback to the clientele CoinsChange arranges the cashback (CoinsChange gives away more bonuses).
• WMexpress allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the CoinsChange being a resident of any of 255 countries; United States is granted with an access among all others (CoinsChange & WMexpress authorize sign-ups from the same number of countries worldwide).
• When the client needs to pass through the KYC process at WMexpress, they usually ask to provide 1 document or procedure: ID or Passport Verification. In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at CoinsChange typically involves a few (varies case-by-case) individual procedures. (CoinsChange's AML Program and KYC Policies routinely demand less personal data from the customers therefore you'd spend shorter time on the verification).

So, is WMexpress a better alternative to CoinsChange? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score CoinsChange achieved: 67 vs WMexpress rated 71, we honestly believe that WMEXPRESS should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to CoinsChange, such as:

• CoinsChange vs WMexpress
• CoinsChange vs chby
• CoinsChange vs 100monet
• CoinsChange vs 1-online
• CoinsChange vs Newline

CoinsChange vs chby

A comparison of the key features and the principal facts about CHBY versus CoinsChange; just take a glance to decide if chby will be the optimal choice for you or at least if it's worth checking our full study:

review of chby, users' testimonials

• chby is a broker The way coinschange.ru website functions fits the broker format, both following the same approach to the business.
• chby had launched the service July 2018 CoinsChange started the project January 2020 (chby is operating for 1 years and 6 months longer).
• chby operates without any registration or no information is available about the legal entity CoinsChange carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• chby not offers any gifts nor a cashback to the clientele CoinsChange arranges the cashback (CoinsChange gives away more bonuses).
• chby allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the CoinsChange being a resident of any of 255 countries; United States is granted with an access among all others (CoinsChange & chby authorize sign-ups from the same number of countries worldwide).
• When the client needs to pass through the KYC process at chby, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at CoinsChange typically involves a few (varies case-by-case) individual procedures. (CoinsChange & chby alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is chby a better alternative to CoinsChange? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score CoinsChange achieved: 67 vs chby rated 69, we honestly believe that CHBY should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to CoinsChange, such as:

• CoinsChange vs WMexpress
• CoinsChange vs chby
• CoinsChange vs 100monet
• CoinsChange vs 1-online
• CoinsChange vs Newline

CoinsChange vs 100monet

A comparison of the key features and the principal facts about 100MONET versus CoinsChange; just take a glance to decide if 100monet will be the optimal choice for you or at least if it's worth checking our full study:

review of 100monet, users' testimonials

• 100monet is a broker The way coinschange.ru website functions fits the broker format, both following the same approach to the business.
• 100monet had launched the service December 2014 CoinsChange started the project January 2020 (100monet is operating for 5 years and 1 months longer).
• 100monet operates without any registration or no information is available about the legal entity CoinsChange carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• 100monet not offers any gifts nor a cashback to the clientele CoinsChange arranges the cashback (CoinsChange gives away more bonuses).
• 100monet allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the CoinsChange being a resident of any of 255 countries; United States is granted with an access among all others (CoinsChange & 100monet authorize sign-ups from the same number of countries worldwide).
• When the client needs to pass through the KYC process at 100monet, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at CoinsChange typically involves a few (varies case-by-case) individual procedures. (CoinsChange & 100monet alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is 100monet a better alternative to CoinsChange? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. CoinsChange & 100monet alike are sharing the same score: 67 (out of 100). Therefore both together should be of the matching quality. Nevertheless, we'd like to recommend 100monet simply because we know it better!

Like reading? In fact, there are more exchanges worth comparing to CoinsChange, such as:

• CoinsChange vs WMexpress
• CoinsChange vs chby
• CoinsChange vs 100monet
• CoinsChange vs 1-online
• CoinsChange vs Newline

CoinsChange vs 1-online

A comparison of the key features and the principal facts about 1-ONLINE versus CoinsChange; just take a glance to decide if 1-online will be the optimal choice for you or at least if it's worth checking our full study:

review of 1-online, users' testimonials

• 1-online is a broker The way coinschange.ru website functions fits the broker format, both following the same approach to the business.
• 1-online had launched the service February 2017 CoinsChange started the project January 2020 (1-online is operating for 2 years and 11 months longer).
• 1-online operates without any registration or no information is available about the legal entity CoinsChange carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• 1-online not offers any gifts nor a cashback to the clientele CoinsChange arranges the cashback (CoinsChange gives away more bonuses).
• 1-online allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the CoinsChange being a resident of any of 255 countries; United States is granted with an access among all others (CoinsChange & 1-online authorize sign-ups from the same number of countries worldwide).
• When the client needs to pass through the KYC process at 1-online, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at CoinsChange typically involves a few (varies case-by-case) individual procedures. (CoinsChange & 1-online alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is 1-online a better alternative to CoinsChange? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. CoinsChange & 1-online alike are sharing the same score: 67 (out of 100). Therefore both together should be of the matching quality. Nevertheless, we'd like to recommend 1-online simply because we know it better!

Like reading? In fact, there are more exchanges worth comparing to CoinsChange, such as:

• CoinsChange vs WMexpress
• CoinsChange vs chby
• CoinsChange vs 100monet
• CoinsChange vs 1-online
• CoinsChange vs Newline

CoinsChange vs Newline

A comparison of the key features and the principal facts about NEWLINE versus CoinsChange; just take a glance to decide if Newline will be the optimal choice for you or at least if it's worth checking our full study:

review of Newline, users' testimonials

• Newline is a broker The way coinschange.ru website functions fits the broker format, both following the same approach to the business.
• Newline had launched the service March 2016 CoinsChange started the project January 2020 (Newline is operating for 3 years and 10 months longer).
• Newline operates without any registration or no information is available about the legal entity CoinsChange carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• Newline not offers any gifts nor a cashback to the clientele CoinsChange arranges the cashback (CoinsChange gives away more bonuses).
• Newline allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the CoinsChange being a resident of any of 255 countries; United States is granted with an access among all others (CoinsChange & Newline authorize sign-ups from the same number of countries worldwide).
• When the client needs to pass through the KYC process at Newline, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at CoinsChange typically involves a few (varies case-by-case) individual procedures. (CoinsChange & Newline alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is Newline a better alternative to CoinsChange? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the NEWLINE exchange service got a lower rating at our platform: 65 versus 67 that CoinsChange accomplished, our advice is either to go for CoinsChange, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!

Like reading? In fact, there are more exchanges worth comparing to CoinsChange, such as:

• CoinsChange vs WMexpress
• CoinsChange vs chby
• CoinsChange vs 100monet
• CoinsChange vs 1-online
• CoinsChange vs Newline

Conclusion: is CoinsChange legit or scam?

Seems it's time to finalize the report, to make a judgment call. Is CoinsChange a scam or is it a legitimate exchange? How secure the coinschange.ru website is? Can you trust CoinsChange with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!

Why we hadn't yet ranked and fully listed COINSCHANGE and what does it mean?

The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 38 well-tested platforms providing similar to CoinsChange functionality. 22 different exchange websites of broker type are among those and additionally, there are 4 peer-to-peer marketplaces. 11,285 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with US Dollar, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:

1. All the exchange services, most notably the broker type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the broker has no unresolved complaints and there are enough convincing users recommendations.
2. We receive the new applications daily and like over 90% are from the other Brokers. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first. Considering there's 276 pending applications from other "exchangers", websites that are very similar to CoinsChange, we can't promise that we'll process this one very fast, our apologies.

Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. Although we can't endorse CoinsChange and hadn't rated it (in full) yet, we believe that it could likely receive approval after some time considering there won't be any complaints and we'll encounter more trusted reviews.

So is CoinsChange a legit exchange or a fraud?

According to the data we currently have, CoinsChange is not a scam. However, the rating score the broker got is not very impressive. At this time CoinsChange is not looking like a service we'd add to the approved list anytime soon; even though we also can't state it's a bad exchange or something like that. Should you use coinschange.ru to exchange crypto? We are not endorsing it nor we are strongly advising to keep away from it. The decision is up to you, just don't forget about the alternatives! There are some perfectly safe exchange platforms we can suggest: reliable brokers and much more!

Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America

There is another way of finding the most worthy alternative to CoinsChange that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:

• The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 11,285 other offers.
• BTC/USD exchange rate at those ; the availability of service for the residents of United States.
• Which local banks & payment systems out of 154 serving US are the fastest, most convenient and cost-efficient personally for you.
• Amount you need to swap: say, the conditions for exchanging USD 1 will be significantly different from the terms of $27,260.0 conversion.
• And of course, you see the rating, users reviews (up-to-date 1,269 real clients testimonials), etc. for all the offers available!

Our platform could find 54 offers to buy, sell, exchange BTC available to users from United States, and 45 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 19 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 16 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:

• Barter from Flutterwave | 50 ads
• GoBank Card | 34 ads
• MyVanilla Reloadable | 22 ads
• JCPenney | 13 ads
• Cash in Person | 5 ads
• Paypal | 5 ads
• Cash App (Square) | 4 ads
• Other Gift Cards | 4 ads
• Nike | 4 ads
• NETELLER | 4 ads

Our software couldn't get an access to the data what's available at coinschange.ru for the clients from United States, however we are sure that you'll find a worthy alternative on one of 37 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 16 domestic banks supported. Besides, you may find something interesting browsing 11,285 offers available with 19 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.