Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 330 Exchanges: 312 Offers:
BTC/USD:

Coinstart review & testimonials (updated 01.2020)

Coinstart user interface: the home page in English

What is Coinstart in a nutshell? It's recently added to our monitoring, promising exchange service (broker) supporting 13 cryptocurrencies: you can buy and sell coins using 3 fiat currencies (12 banks & payment systems are supported) or exchange one crypto into another here. Exchange service started the business Dec 2018, it serves the clients over a year.

This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (19.27%) we may say that Coinstart charges very high fees: 7% — 30% (according to our statistics, 92% exchanges offer lower average fee) and has medium buying limits: $7 — $3,000 (in accordance with the statistics we've collected, 77% exchanges have higher order limits). This Broker welcomes customers from 255 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of Coinstart, although according to information we got, the order processing is not fully automated so delays with the funds delivery may happen. You won't need to verify your account to use the services of the Broker, Coinstart accepts and welcomes anonymous customers!

Since 2018, Coinstart is working hard to get great testimonials from the users. Although, since this Broker was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with Coinstart, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: Coinstart is a promising, although not yet reviewed much by our visitors place to buy and sell cryptocurrencies, an interesting exchange that we believe will get some nice feedback soon!

Overview: is Coinstart safe?

Coinstart is the Broker; exchange started the business December 2018. Unfortunately, there is not much information available about the company doing business as Coinstart, etc.

Answering the question how safe is Coinstart:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Broker (please continue reading), but our policies require to collect more testimonials from the users of Coinstart to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 1 year 1 months
Business model: no information available

Overall rating for Coinstart: N/A
Although we have not collected enough testimonials to assign a rating to Coinstart, we can pre-estimate the rating (considering there will be no user complaints) as 77/100.

Pros & Cons of Coinstart

Although Coinstart is not yet rated by our visitors, there probably are many downsides that people don't like, but there also should be strong sides. Who knows, maybe for you, our dear visitor, these are most important and you'd consider this exchange as one of the best ones. Let's check it out:

  • Coinstart allows anonymous customers, there is no verification required for all the exchange directions.
  • 13 digital currencies and 3 fiat ones are supported. Although, a lot of payment systems & banks, totally 12 are supported, both international and national ones: Visa & Mastercard, Sberbank, Tinkoff Bank, etc.
  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Coinstart doesn't hold the clients funds, delivering the funds directly to your wallet.
  • Seems that the exchange operates without any business licenses, etc.
  • The fees are rather high.
  • Brokers are less regulated exchanges, you are basically on your own if you have problems with such a service.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Coinstart! Try Coinstart today and let us know how you like it!

Services, Coinstart Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency
  • Helps you to exchange one crypto to another

As we can see, Coinstart doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

Coinstart provides the service of buying and selling and exchanging 13 digital currencies using fiat currencies and crypto. Besides the fiat-to-crypto conversion and vice versa, it also allows to exchange one cryptocurrency to another. The following cryptocurrencies are available to buy-sell-swap: Bitcoin Cash (BCHABC), Binance Coin (BNB), Bitcoin (BTC), Dogecoin (DOGE), EOS (EOS), Ether Classic (ETC), Ether (ETH), Litecoin (LTC), TRON (TRX), Stellar (XLM), Monero (XMR), Ripple (XRP), Zcash (ZEC).

There are not much exchanges with so many cryptos supported! If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Top 100 cryptocurrencies 2020 to invest.

3 fiat currencies are supported to provide crypto purchase and selling: Euro (EUR), Russian Ruble (RUB), US Dollar (USD). The Broker will let you buy and sell Bitcoins and 12 other cryptos using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 99 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • Sberbank. A local bank (you may use from Russia) in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Tinkoff Bank. A local bank (serving Russia) in Russian Ruble currency. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • AlfaBank. A local bank (you may use from Russia) in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Yandex Money. A local payment system (serving Russia) allowing e-wallet payments in Russian Ruble currency. Just the RUB payments are available for purchasing cryptos at the exchange.
  • Perfect Money. An international payment system (available worldwide) allowing other payments in various currencies. Just the USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • VTB24. A local bank (serving Russia) in Russian Ruble currency. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Advanced Cash. An international payment system (available worldwide) allowing other payments in various currencies. RUB, EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Qiwi. An international payment system (it's available in 9 countries) allowing e-wallet payments in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Payeer. An international payment system (available worldwide) allowing other payments in various currencies. RUB and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Russky Standard. A local bank (serving Russia) in Russian Ruble currency. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Kukuruza. A local bank (serving Russia) in Russian Ruble currency. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.

Coinstart fees

The fees you need to pay at this broker during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Service/processing fee. Depending on the fiat payment system and currency, it's as follows:
    • Commission when you are receiving funds to Advanced Cash in Russian Ruble: 14%
    • Commission when you are receiving funds to Advanced Cash in Euro: 14%
    • 19% when you pay money using Advanced Cash in US Dollar.
    • 12% when you pay money using Advanced Cash in Russian Ruble.
    • 16% when you pay money using Advanced Cash in Euro.
    • 23% when you pay money using AlfaBank in Russian Ruble.
    • Commission when you are receiving funds to AlfaBank in Russian Ruble: 19%
    • Commission when you are receiving funds to Kukuruza in Russian Ruble: 19%
    • 23% when you pay money using Kukuruza in Russian Ruble.
    • 30% when you pay money using Payeer in US Dollar.
    • 13% when you pay money using Payeer in Russian Ruble.
    • 19% when you pay money using Perfect Money in US Dollar.
    • Commission when you are receiving funds to Perfect Money in US Dollar: 17%
    • Commission when you are receiving funds to Qiwi in Russian Ruble: 7%
    • 13% when you pay money using Qiwi in Russian Ruble.
    • Commission when you are receiving funds to Russky Standard in Russian Ruble: 19%
    • 23% when you pay money using Russky Standard in Russian Ruble.
    • 23% when you pay money using Sberbank in Russian Ruble.
    • Commission when you are receiving funds to Sberbank in Russian Ruble: 20%
    • 23% when you pay money using Tinkoff Bank in Russian Ruble.
    • Commission when you are receiving funds to Tinkoff Bank in Russian Ruble: 19%
    • Commission when you are receiving funds to VTB24 in Russian Ruble: 19%
    • 23% when you pay money using VTB24 in Russian Ruble.
    • Commission when you are receiving funds to Visa & Mastercard in Russian Ruble: 22%
    • 23% when you pay money using Visa & Mastercard in Russian Ruble.
    • 29% when you pay money using Yandex Money in Russian Ruble.
  2. Miners fee. Please note that this fee applies only when you buy bitcoin or other cryptocurrency!
    • 0 BTC: great news! at the moment there is no such a fee!

Are Coinstart fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that Coinstart charges a very high fees. According to our statistics, fairly big percent of the exchanges charge some less (although please be aware that it mostly depends on the exchange direction!) than Coinstart does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in RUB across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 12%, Coinstart charges 23% for this. Seems fair, especially considering the anonymity!

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies (there are no limits on crypto-to-crypto swaps):

  1. Purchase limits (when you buy crypto).
    • $10 minimal buy and $2,853 max purchase when using Advanced Cash in US Dollar.
    • ₽595 minimal buy and ₽162,939 max purchase when using Advanced Cash in Russian Ruble.
    • €9 minimal buy and €2,502 max purchase when using Advanced Cash in Euro.
    • ₽300 minimal buy and ₽150,000 max purchase when using AlfaBank in Russian Ruble.
    • ₽300 minimal buy and ₽150,000 max purchase when using Kukuruza in Russian Ruble.
    • $12 minimal buy and $3,000 max purchase when using Payeer in US Dollar.
    • ₽602 minimal buy and ₽30,000 max purchase when using Payeer in Russian Ruble.
    • $10 minimal buy and $2,853 max purchase when using Perfect Money in US Dollar.
    • ₽604 minimal buy and ₽15,000 max purchase when using Qiwi in Russian Ruble.
    • ₽300 minimal buy and ₽150,000 max purchase when using Russky Standard in Russian Ruble.
    • ₽300 minimal buy and ₽150,000 max purchase when using Sberbank in Russian Ruble.
    • ₽300 minimal buy and ₽150,000 max purchase when using Tinkoff Bank in Russian Ruble.
    • ₽300 minimal buy and ₽150,000 max purchase when using VTB24 in Russian Ruble.
    • ₽300 minimal buy and ₽150,000 max purchase when using Visa & Mastercard in Russian Ruble.
    • ₽5,000 minimal buy and ₽200,000 max purchase when using Yandex Money in Russian Ruble.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • ₽446 min and ₽13,000 maximal withdrawal when receiving money to Advanced Cash in Russian Ruble.
    • €6 min and €50 maximal withdrawal when receiving money to Advanced Cash in Euro.
    • ₽4,200 min and ₽195,699 maximal withdrawal when receiving money to AlfaBank in Russian Ruble.
    • ₽4,200 min and ₽214,450 maximal withdrawal when receiving money to Kukuruza in Russian Ruble.
    • $7 min and $10 maximal withdrawal when receiving money to Perfect Money in US Dollar.
    • ₽483 min and ₽15,754 maximal withdrawal when receiving money to Qiwi in Russian Ruble.
    • ₽4,200 min and ₽136,025 maximal withdrawal when receiving money to Russky Standard in Russian Ruble.
    • ₽4,147 min and ₽350,375 maximal withdrawal when receiving money to Sberbank in Russian Ruble.
    • ₽4,200 min and ₽403,570 maximal withdrawal when receiving money to Tinkoff Bank in Russian Ruble.
    • ₽4,200 min and ₽306,676 maximal withdrawal when receiving money to VTB24 in Russian Ruble.
    • ₽4,042 min and ₽117,646 maximal withdrawal when receiving money to Visa & Mastercard in Russian Ruble.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) Coinstart supports! Comparing to other exchanges, Coinstart has medium buying and selling limits; it's rather convenient, although there are some other ones with higher max.

Supported countries

Platform allows the users from 255 countries to use the exchange. The following countries are supported by the broker:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Côte d’Ivoire (CI)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • North Korea (KP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

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

USA flag

Yes, Coinstart allows the registrations from the United States! Broker permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

It's possible to use the USD currency to buy/sell 13 cryptocurrencies at the Coinstart: 4 banks and payment systems totally (out of the 12 the broker supports, that's 33% of all the available ones) can be used by people from the U.S.A.:

  • Advanced Cash
  • Payeer
  • Perfect Money
  • Visa & Mastercard

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Coinstart? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at Coinstart

The broker respects the user privacy and doesn't require verification. You may stay anonymous while using Coinstart, whatever exchange direction you need.

This is a rare find these days! You know, most of the exchanges require at least some verification. The absence of KYC policy saves the user time and prevents possible data leaks, we think that many people will appreciate such a possibility while dealing with Coinstart!

Deposit/withdrawal speed

According to the data we have, Coinstart processes all or most of the orders without an automation; orders require staff attention to be completed. The speed of money transfer varies a lot on such services, so it's good to know the situation here at this exchange.

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Coinstart? Can you please add your testimonial? This will help everyone a lot, thanks!

Is Coinstart instant?

So, what can we see? In accordance with the data we know about the broker, orders at Coinstart are not instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

There are currently no users testimonials about the Coinstart. Do you have any experience using this broker? If you do, please say a couple of words about it!

FAQ about Coinstart

Does Coinstart holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is Coinstart a good broker?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is Coinstart licensed? Does it hold e-money license?

It is not, and it's hard to even find information about any business registration, etc. Although the cryptocurrency regulation in Russia, CIS and most of the ex-USSR countries has not yet being set, so so almost all such exchanges there are operating like this.

Is Coinstart a ripoff?

It is not a ripoff, although we have not rated Coinstart yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is Coinstart legit or scam.

Coinstart vs other exchanges

Let's compare Coinstart to other similar exchange services with similar features: others of broker type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

Coinstart vs Bitonic

Let's compare the key features of these two platforms to see which one suits you best:

  • Bitonic is a broker Coinstart is a broker, both are using the same business model.
  • Bitonic had started the business May 2012 Coinstart started the business December 2018 (Bitonic is working for 6 years and 6 months longer time).
  • Bitonic has all the required business licenses and permissions Coinstart operates without a business registration or there is no information available about it (Bitonic's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services Coinstart provides the same number of services as Bitonic: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
  • Bitonic supports 1 cryptocurrencies Coinstart allows to exchange 13 cryptos (Coinstart supports 12 cryptocurrencies more).
  • 1 fiat currencies are available at Bitonic You'll be able to use 3 fiat currencies to swap with digital ones at Coinstart (Coinstart supports 2 fiat currencies more).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks Coinstart allows the user to utilize 12 various fiat payment systems and/or banks (Coinstart supports 9 fiat payment systems and banks more).
  • Bitonic charges 0.0% fee Coinstart charges the client 7% — 30% fee, depending on the currency, payment system, etc. (Coinstart has higher fees, generally).
  • Buying limits at Bitonic start from $1 and are up to $2,758 Deposit/withdraw limits at Coinstart are $7 — $3,000 depending on the payment method (Coinstart has higher buying/selling limits).
  • Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at Coinstart if you reside in one of 255 countries; it serves United States among others (Coinstart supports more countries worldwide).
  • During the account verification Bitonic usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) Coinstart has no KYC procedures, you can be completely anonymous while exchanging here (Coinstart 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — Bitonic or Coinstart — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Coinstart vs BTCBIT

Let's compare the key features of these two platforms to see which one suits you best:

  • BTCBIT is a broker Coinstart is a broker, both are using the same business model.
  • BTCBIT had started the business May 2017 Coinstart started the business December 2018 (BTCBIT is working for 1 years and 6 months longer time).
  • BTCBIT has all the required business licenses and permissions Coinstart operates without a business registration or there is no information available about it (BTCBIT's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, BTCBIT provides no extra services Coinstart provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
  • BTCBIT doesn't have any fiat currencies supported You'll be able to use 3 fiat currencies to swap with digital ones at Coinstart (Coinstart supports 3 fiat currencies more).
  • BTCBIT doesn't allow any fiat payments Coinstart allows the user to utilize 12 various fiat payment systems and/or banks (Coinstart supports 12 fiat payment systems and banks more).
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at Coinstart if you reside in one of 255 countries; it serves United States among others (Coinstart supports more countries worldwide).
  • During the account verification BTCBIT usually asks for some (it depends) documents and/or procedures Coinstart has no KYC procedures, you can be completely anonymous while exchanging here (Coinstart 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — BTCBIT or Coinstart — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Coinstart vs PayBis

Let's compare the key features of these two platforms to see which one suits you best:

  • PayBis is a broker Coinstart is a broker, both are using the same business model.
  • PayBis had started the business April 2015 Coinstart started the business December 2018 (PayBis is working for 3 years and 7 months longer time).
  • PayBis is an ordinary company without licenses, etc. Coinstart operates without a business registration or there is no information available about it (PayBis's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, PayBis provides no extra services Coinstart provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
  • PayBis supports 8 cryptocurrencies Coinstart allows to exchange 13 cryptos (Coinstart supports 5 cryptocurrencies more).
  • 3 fiat currencies are available at PayBis You'll be able to use 3 fiat currencies to swap with digital ones at Coinstart (Coinstart & PayBis support the same number of fiat currencys).
  • PayBis accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Coinstart allows the user to utilize 12 various fiat payment systems and/or banks (Coinstart supports 5 fiat payment systems and banks more).
  • PayBis charges 1% — 10% fee Coinstart charges the client 7% — 30% fee, depending on the currency, payment system, etc. (Coinstart & PayBis charge the customer with the equal fee level, more or less).
  • Buying limits at PayBis start from $20 and are up to $200,000 Deposit/withdraw limits at Coinstart are $7 — $3,000 depending on the payment method (Coinstart has lower buying/selling limits).
  • PayBis allows registrations from 241 countries; United States is among the supported ones You may register at Coinstart if you reside in one of 255 countries; it serves United States among others (Coinstart supports more countries worldwide).
  • During the account verification PayBis usually asks for 3 documents and/or procedures: (id verification, phone confirmation, address confirmation) Coinstart has no KYC procedures, you can be completely anonymous while exchanging here (Coinstart 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — PayBis or Coinstart — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Coinstart vs MagneticExchange

Let's compare the key features of these two platforms to see which one suits you best:

  • MagneticExchange is a broker Coinstart is a broker, both are using the same business model.
  • MagneticExchange had started the business May 2011 Coinstart started the business December 2018 (MagneticExchange is working for 7 years and 6 months longer time).
  • MagneticExchange is an ordinary company without licenses, etc. Coinstart operates without a business registration or there is no information available about it (MagneticExchange's business model is more stable and safer for clients).
  • Besides buying, selling and exchanging cryptocurrencies, MagneticExchange provides no extra services Coinstart provides the same number of services as MagneticExchange: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
  • MagneticExchange supports 6 cryptocurrencies Coinstart allows to exchange 13 cryptos (Coinstart supports 7 cryptocurrencies more).
  • 5 fiat currencies are available at MagneticExchange You'll be able to use 3 fiat currencies to swap with digital ones at Coinstart (Coinstart supports 2 fiat currencies less).
  • MagneticExchange accepts deposits from and allows withdrawals to 22 fiat payment systems / banks Coinstart allows the user to utilize 12 various fiat payment systems and/or banks (Coinstart supports 10 banks and fiat payment systems less).
  • MagneticExchange charges 4% — 20% fee Coinstart charges the client 7% — 30% fee, depending on the currency, payment system, etc. (Coinstart & MagneticExchange charge the customer with the equal fee level, more or less).
  • Buying limits at MagneticExchange start from $8 and are up to $11,433 Deposit/withdraw limits at Coinstart are $7 — $3,000 depending on the payment method (Coinstart has lower buying/selling limits).
  • MagneticExchange allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at Coinstart if you reside in one of 255 countries; it serves United States among others (Coinstart supports more countries worldwide).
  • During the account verification MagneticExchange usually asks for 1 document / procedure: (id verification) Coinstart has no KYC procedures, you can be completely anonymous while exchanging here (Coinstart 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — MagneticExchange or Coinstart — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Coinstart vs XMLGold

Let's compare the key features of these two platforms to see which one suits you best:

  • XMLGold is a broker Coinstart is a broker, both are using the same business model.
  • XMLGold had started the business May 2006 Coinstart started the business December 2018 (XMLGold is working for 12 years and 6 months longer time).
  • XMLGold is an ordinary company without licenses, etc. Coinstart operates without a business registration or there is no information available about it (XMLGold's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, XMLGold provides no extra services Coinstart provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
  • XMLGold doesn't have any fiat currencies supported You'll be able to use 3 fiat currencies to swap with digital ones at Coinstart (Coinstart supports 3 fiat currencies more).
  • XMLGold doesn't allow any fiat payments Coinstart allows the user to utilize 12 various fiat payment systems and/or banks (Coinstart supports 12 fiat payment systems and banks more).
  • XMLGold allows registrations from 255 countries; United States is among the supported ones You may register at Coinstart if you reside in one of 255 countries; it serves United States among others (Coinstart & XMLGold support the same number of countries and territories).
  • During the account verification XMLGold usually asks for some (it depends) documents and/or procedures Coinstart has no KYC procedures, you can be completely anonymous while exchanging here (Coinstart 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — XMLGold or Coinstart — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is Coinstart legit or scam?

Now it's time to draw a conclusion, is Coinstart a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign Coinstart a rating, but according to our research it's a good exchange. We have found no evidence that this broker is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the Coinstart:

  • There is no information about the business entity, regulatory compliance, etc.
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • The website was launched rather recently; exchange was started 1 years and 1 months ago
  • Exchange supports 13 cryptocurrencies and 3 fiat ones (totally 12 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges very high fees: from 7% to 30% depending on the payment method
  • The purchase and withdrawal limits are medium: from $7 to $3,000 USD, it depends on a payment system choice
  • Coinstart allows registrations from 255 countries; people from United States may use the service
  • You may remain anonymous while using the exchange services. We should add that there are not so many exchanges with no KYC left these days!

Overall rating for Coinstart: N/A
Although we have not collected enough testimonials to assign a rating to Coinstart, we can pre-estimate the rating (considering there will be no user complaints) as 77/100.