Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 320 Exchanges: 307 Offers:
BTC/USD:

TransCoin review & 5 testimonials (updated 10.2019)

TransCoin user interface: the home page in English

What is TransCoin in a nutshell? It's a trusted, respectable, promising exchange service (broker) supporting 5 cryptocurrencies: you can buy and sell coins using 2 fiat currencies (4 banks & payment systems are supported). Exchange service started the business May 2018, it's a fully compliant, licensed financial company.

The exchange charges relatively high fees: 2% — 8% (although, according to our statistics 90% exchanges take higher average fee) and has the high purchase limits available: $47 — $59,000 (in accordance with the statistics we've collected, 90% exchanges allow lower limits for orders). 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 TransCoin, although according to the information from the exchange itself, order processing is automated and should be instant. Depending on the order details, you may need to verify your account (just ID Verification should be required) to exchange money on this Broker.

Since 2018, TransCoin has got some great testimonials from the customers: just our platform, that was recently launched, has 5 user reviews, 100% of those are positive. It's hard to say for the majority of the users what they like dealing with the service, most of all. Our platform assigns the TransCoin 90/100 rating: it's the great result, higher than 97% of the competition! For example, VV-obmen and 7money are ranked below, although CEX (92/100) has better rank among our community members.

Based on all these facts, our verdict is the following: TransCoin is a legit and perfectly safe place to buy and sell cryptocurrencies, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is TransCoin safe?

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

Answering the question how safe is TransCoin:

TransCoin is definitely safe! 90/100 rating is rather hard to get, 97% exchanges have lower rating! Let's break down how the TransCoin exchange got such a rating.
Time in the business: 1 year 6 months
Feedback count: 5
Reviews: 5 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant

Overall rating for TransCoin: 90 / 100

Pros & Cons of TransCoin

Since TransCoin is rated very highly by our visitors, it should have a lot of strong sides and just a few downsides. Let's check it out:

  • Fully compliant and regulated business, service provided by licensed financial company, although it stated operations rather recently, from 05/2018.
  • Transcoin earned perfect testimonials from the clientele.
  • High purchase and withdrawal limits.
  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Transcoin doesn't hold the clients funds, delivering the funds directly to your wallet.
  • Exchange broker provides no other services besides the buy/sell/exchange crypto.

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

Services, TransCoin 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

As we can see, TransCoin doesn't provide any services besides the cryptocurrency exchange, althought it's safe to say that it does it better than many competitors!

Currencies & Payment Systems

TransCoin provides the service of buying and selling 5 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Bitcoin Cash (BCHABC), Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP).

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: Cryptocurrencies without proof of work to buy in 2019.

2 fiat currencies are supported to provide crypto purchase and selling: Euro (EUR), US Dollar (USD). The Broker will let you buy and sell Bitcoins and 4 other cryptos using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. USD and EUR 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 98 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • Skrill. An international payment system (available worldwide) allowing e-wallet payments in various currencies. EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • SWIFT Transfer. An international payment system (available worldwide) allowing international bank transfers payments in various currencies. EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • NETELLER. An international payment system (it's available in 202 countries) allowing e-wallet payments in various currencies. EUR and USD payments are available for purchasing cryptos at the exchange.

TransCoin 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:
    • 6% when you pay money using NETELLER in Euro.
    • 6% when you pay money using NETELLER in US Dollar.
    • 2% when you are receiving funds to SWIFT Transfer in Euro.
    • 3% when you are receiving funds to SWIFT Transfer in US Dollar.
    • 2% when you pay money using SWIFT Transfer in Euro.
    • 2% when you pay money using SWIFT Transfer in US Dollar.
    • 2% when you are receiving funds to Skrill in Euro.
    • 3% when you are receiving funds to Skrill in US Dollar.
    • 5% when you pay money using Skrill in Euro.
    • 5% when you pay money using Skrill in US Dollar.
    • 6% when you are receiving funds to Visa & Mastercard in Euro.
    • 7% when you are receiving funds to Visa & Mastercard in US Dollar.
    • 8% when you pay money using Visa & Mastercard in Euro.
    • 8% when you pay money using Visa & Mastercard in US Dollar.
  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 TransCoin fees high or low?

Now it's time to draw a conclusion: TransCoin takes relatively high fees from the customers. 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 TransCoin does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in EUR across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 9%, TransCoin charges 8% for this. Seems fair!

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

  1. Purchase limits (when you buy crypto).
    • €50 minimal buy and €10,000 max purchase when using NETELLER in Euro.
    • $50 minimal buy and $10,000 max purchase when using NETELLER in US Dollar.
    • €50 minimal buy and €59,000 max purchase when using SWIFT Transfer in Euro.
    • $50 minimal buy and $59,000 max purchase when using SWIFT Transfer in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using Skrill in Euro.
    • $50 minimal buy and $10,000 max purchase when using Skrill in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using Visa & Mastercard in Euro.
    • $50 minimal buy and $10,000 max purchase when using Visa & Mastercard in US Dollar.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • €48 min and €19,400 maximal withdrawal when receiving money to SWIFT Transfer in Euro.
    • $48 min and $100 maximal withdrawal when receiving money to SWIFT Transfer in US Dollar.
    • €49 min and €9,714 maximal withdrawal when receiving money to Skrill in Euro.
    • $49 min and $100 maximal withdrawal when receiving money to Skrill in US Dollar.
    • €47 min and €9,330 maximal withdrawal when receiving money to Visa & Mastercard in Euro.
    • $47 min and $100 maximal withdrawal when receiving money to Visa & Mastercard in US Dollar.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) TransCoin supports! Comparing to other exchanges, TransCoin has one of highest buying and selling limits on the whole exchange market!

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)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Côte d’Ivoire (CI)
  • 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)
  • North Korea (KP)
  • Northern Mariana Islands (MP)
  • 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)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Réunion (RE)
  • Samoa (WS)
  • San Marino (SM)
  • 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)
  • São Tomé & Príncipe (ST)
  • 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)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

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

USA flag

Yes, TransCoin 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 5 cryptocurrencies at the TransCoin: 4 banks and payment systems totally (out of the 4 the broker supports, that's 100% of all the available ones) can be used by people from the U.S.A.:

  • NETELLER (note: buying only!)
  • SWIFT Transfer
  • Skrill
  • Visa & Mastercard

Customer service

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

Verification at TransCoin

The broker may require the customers to pass through the user identification (account verification) process. The following procedures are normally required to verify your acc:

  • ID verification

According to the customers surveys results, the average time to verify an account at TransCoin is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast TransCoin does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

TransCoin processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this broker, let us and the community know about it, please!

Is TransCoin instant?

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

Customers' testimonials

Our users left 5 testimonials about their experience dealing with TransCoin, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

MarcoP., 5 testimonials
@ 07 Oct 2019
50C., 7 testimonials
@ 13 Sep 2019
SatoshiN., 71 testimonials
@ 09 Sep 2019
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with TransCoin, can you please leave your testimonial? Thanks!

Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the TransCoin services, so most likely, you'd enjoy it too!

FAQ about TransCoin

Does TransCoin 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 TransCoin a good broker?

According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!

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

Transcoin exchange holds no special licenses, but the regulation does not require this either.

Is TransCoin a ripoff?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is TransCoin legit or scam.

TransCoin vs other exchanges

Let's compare TransCoin 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!

TransCoin vs Bitonic

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

  • Bitonic is a broker TransCoin is a broker, both are using the same business model.
  • Bitonic had started the business May 2012 TransCoin started the business May 2018 (Bitonic is working for 6 years and 0 months longer time).
  • Bitonic has all the required business licenses and permissions TransCoin has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services TransCoin provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Bitonic supports 1 cryptocurrencies TransCoin allows to exchange 5 cryptos (TransCoin supports 4 cryptocurrencies more).
  • 1 fiat currencies are available at Bitonic You'll be able to use 2 fiat currencies to swap with digital ones at TransCoin (TransCoin supports 1 fiat currencies more).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks TransCoin allows the user to utilize 4 various fiat payment systems and/or banks (TransCoin supports 1 fiat payment systems and banks more).
  • Bitonic charges 0.0% fee TransCoin charges the client 2% — 8% fee, depending on the currency, payment system, etc. (TransCoin has higher fees, generally).
  • Buying limits at Bitonic start from $1 and are up to $2,756 Deposit/withdraw limits at TransCoin are $47 — $59,000 depending on the payment method (TransCoin 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 TransCoin if you reside in one of 255 countries; it serves United States among others (TransCoin 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) User identification at TransCoin usually consists of 1 procedure: id verification (TransCoin 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 5 testimonials about Bitonic, 100% of which are positive We've collected 5 users testimonials about TransCoin, 100% are positive (TransCoin & Bitonic share the same percentage of positive user reviews).

Although the final decision, which exchange — Bitonic or TransCoin — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although TransCoin has a lower total rating 90 vs Bitonic with 100, 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:

TransCoin vs BTCBIT

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

  • BTCBIT is a broker TransCoin is a broker, both are using the same business model.
  • BTCBIT had started the business May 2017 TransCoin started the business May 2018 (BTCBIT is working for 11 months longer time).
  • BTCBIT has all the required business licenses and permissions TransCoin has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, BTCBIT provides no extra services TransCoin provides the same number of services as BTCBIT: it allows us to purchase and sell digital currencies.
  • BTCBIT supports 10 cryptocurrencies TransCoin allows to exchange 5 cryptos (TransCoin supports 5 cryptocurrencies less).
  • 9 fiat currencies are available at BTCBIT You'll be able to use 2 fiat currencies to swap with digital ones at TransCoin (TransCoin supports 7 fiat currencies less).
  • BTCBIT accepts deposits from and allows withdrawals to 4 fiat payment systems / banks TransCoin allows the user to utilize 4 various fiat payment systems and/or banks (TransCoin & BTCBIT support the same number of banks and payment systems).
  • BTCBIT charges 3% — 15% fee TransCoin charges the client 2% — 8% fee, depending on the currency, payment system, etc. (TransCoin has lower fees in general).
  • Buying limits at BTCBIT start from $50 and are up to $10,000 Deposit/withdraw limits at TransCoin are $47 — $59,000 depending on the payment method (TransCoin has higher buying/selling limits).
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at TransCoin if you reside in one of 255 countries; it serves United States among others (TransCoin supports more countries worldwide).
  • BTCBIT allows the user to be anonymous, there is no account verification, etc. User identification at TransCoin usually consists of 1 procedure: id verification (TransCoin 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 8 testimonials about BTCBIT, 100% of which are positive We've collected 5 users testimonials about TransCoin, 100% are positive (TransCoin & BTCBIT share the same percentage of positive user reviews).

Although the final decision, which exchange — BTCBIT or TransCoin — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although TransCoin has a lower total rating 90 vs BTCBIT with 96, 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:

TransCoin vs VV-obmen

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

  • VV-obmen is a broker TransCoin is a broker, both are using the same business model.
  • VV-obmen had started the business October 2016 TransCoin started the business May 2018 (VV-obmen is working for 1 years and 6 months longer time).
  • VV-obmen operates without a business registration or there is no information available about it TransCoin has all the required business licenses and permissions (TransCoin utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, VV-obmen provides no extra services TransCoin provides the same number of services as VV-obmen: it allows us to purchase and sell digital currencies.
  • VV-obmen supports 1 cryptocurrencies TransCoin allows to exchange 5 cryptos (TransCoin supports 4 cryptocurrencies more).
  • 2 fiat currencies are available at VV-obmen You'll be able to use 2 fiat currencies to swap with digital ones at TransCoin (TransCoin & VV-obmen support the same number of fiat currencys).
  • VV-obmen accepts deposits from and allows withdrawals to 3 fiat payment systems / banks TransCoin allows the user to utilize 4 various fiat payment systems and/or banks (TransCoin supports 1 fiat payment systems and banks more).
  • VV-obmen charges 1% — 19% fee TransCoin charges the client 2% — 8% fee, depending on the currency, payment system, etc. (TransCoin has lower fees in general).
  • Buying limits at VV-obmen start from $83 and are up to $753 Deposit/withdraw limits at TransCoin are $47 — $59,000 depending on the payment method (TransCoin has higher buying/selling limits).
  • VV-obmen allows registrations from 255 countries; United States is among the supported ones You may register at TransCoin if you reside in one of 255 countries; it serves United States among others (TransCoin & VV-obmen support the same number of countries and territories).
  • VV-obmen allows the user to be anonymous, there is no account verification, etc. User identification at TransCoin usually consists of 1 procedure: id verification (TransCoin 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about VV-obmen, 100% of which are positive We've collected 5 users testimonials about TransCoin, 100% are positive (TransCoin & VV-obmen share the same percentage of positive user reviews).

Although the final decision, which exchange — VV-obmen or TransCoin — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although TransCoin has a better total rating 90 vs VV-obmen's 89, 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:

TransCoin vs 7money

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

  • 7money is a broker TransCoin is a broker, both are using the same business model.
  • 7money had started the business October 2016 TransCoin started the business May 2018 (7money is working for 1 years and 6 months longer time).
  • 7money operates without a business registration or there is no information available about it TransCoin has all the required business licenses and permissions (TransCoin utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, 7money provides no extra services TransCoin provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • 7money doesn't have any fiat currencies supported You'll be able to use 2 fiat currencies to swap with digital ones at TransCoin (TransCoin supports 2 fiat currencies more).
  • 7money doesn't allow any fiat payments TransCoin allows the user to utilize 4 various fiat payment systems and/or banks (TransCoin supports 4 fiat payment systems and banks more).
  • 7money allows registrations from 255 countries; United States is among the supported ones You may register at TransCoin if you reside in one of 255 countries; it serves United States among others (TransCoin & 7money support the same number of countries and territories).
  • During the account verification 7money usually asks for some (it depends) documents and/or procedures User identification at TransCoin usually consists of 1 procedure: id verification (TransCoin 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about 7money, 100% of which are positive We've collected 5 users testimonials about TransCoin, 100% are positive (TransCoin & 7money share the same percentage of positive user reviews).

Although the final decision, which exchange — 7money or TransCoin — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although TransCoin has a better total rating 90 vs 7money's 89, 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:

TransCoin vs CEX

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

  • CEX is a trading platform TransCoin is a broker, it has a different business model (feel free to read about the differences between trading platform and broker)
  • CEX had started the business July 2014 TransCoin started the business May 2018 (CEX is working for 3 years and 10 months longer time).
  • CEX has all the required business licenses and permissions TransCoin has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, CEX provides the following extra services: Margin Trading TransCoin provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • CEX supports 7 cryptocurrencies TransCoin allows to exchange 5 cryptos (TransCoin supports 2 cryptocurrencies less).
  • 1 fiat currencies are available at CEX You'll be able to use 2 fiat currencies to swap with digital ones at TransCoin (TransCoin supports 1 fiat currencies more).
  • CEX accepts deposits from and allows withdrawals to 2 fiat payment systems / banks TransCoin allows the user to utilize 4 various fiat payment systems and/or banks (TransCoin supports 2 fiat payment systems and banks more).
  • CEX charges 1.0% — 5.0% fee TransCoin charges the client 2% — 8% fee, depending on the currency, payment system, etc. (TransCoin has higher fees, generally).
  • Buying limits at CEX start from $1,000 and are up to $5,000 Deposit/withdraw limits at TransCoin are $47 — $59,000 depending on the payment method (TransCoin has higher buying/selling limits).
  • CEX allows registrations from 224 countries; United States is among the supported ones You may register at TransCoin if you reside in one of 255 countries; it serves United States among others (TransCoin supports more countries worldwide).
  • During the account verification CEX usually asks for 3 documents and/or procedures: (id verification, phone confirmation, selfie) and it takes a day or two in most of the cases User identification at TransCoin usually consists of 1 procedure: id verification (TransCoin 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 14 testimonials about CEX, 93% of which are positive We've collected 5 users testimonials about TransCoin, 100% are positive (TransCoin has better testimonials from the clients

Although the final decision, which exchange — CEX or TransCoin — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although TransCoin has a lower total rating 90 vs CEX with 92, 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 TransCoin legit or scam?

Now it's time to draw a conclusion, is TransCoin a scam or is it a legit exchange? We are 100% sure TransCoin is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the TransCoin:

  • It is licensed, regulatory compliant financial company
  • 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 6 months ago
  • Exchange supports 5 cryptocurrencies and 2 fiat ones (totally 4 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges rather high fees: from 2% to 8% depending on the payment method
  • The purchase and withdrawal limits are among the highest: from $47 to $59,000 USD, it depends on a payment system choice
  • TransCoin allows registrations from 255 countries; people from United States may use the service
  • Clients' testimonials are perfect, 100% (5 out of 5) note their positive experience dealing with TransCoin.

Overall rating for TransCoin: 90 / 100