Bitcoin $35,000 and Ether $1,200 are the approximate rates at the time of writing, following multiple months of outperformance in the cryptocurrency market. The two largest tokens in the world continue to dominate aggressively, benefiting from the network effect and growing investments.
Both retail and institutional actors continue to see in crypto an investment alternative as well as a solution against the diminishing purchasing power of fiat currencies. Aware of that growing trend, CoinJump comes with a competitive crypto exchange offer, addressing both BTC and ETH users.
What is CoinJump?
CoinJump is your first step into the cryptocurrency world, offering a web platform where users can buy and sell Bitcoin or Ether at some of the most attractive rates. It determines exchange rates by averaging the rates offered by multiple large exchanges and miners, to provide the best and most accurate bull/sell quotes.
The brand is operated by Cleobase OU, a company headquartered in Estonia. The mother company is registered with the Financial Intelligence Unit (FIU) and holds a virtual currency wallet service license as well as authorization to provide services of exchanging a virtual currency against fiat.
CoinJump Exchange Platform
Because it wants anyone to be able to buy or sell crypto, regardless of previous background, CoinJump is currently relying on a web-based exchange platform. After registering for an account, users can log in via the website and exchange fiat to crypto or crypto to fiat by completing 4 simple steps.
Accessible via any type of device, this platform is very flexible and runs smoothly even on a smartphone with average hardware specs. Security is an important concern for CoinJump and via this web-based solution, the brand believes that it can keep both personal data and funds away from hackers and other 3rd parties.
CoinJump Account
Opening an account with CoinJump is very simple and does not require any special skills. You need to provide your email address and mobile phone number, set up a password, agree to the terms and conditions and privacy policies, as well as confirm that you are over 18 years old.
Once the account is opened, you will need to provide additional personal details and on top of that, comply with the AML/KYC requirements by submitting identification documents, according to the instructions provided by CoinJump.
There is only one type of account available with the brand for all customers, integrating all the exchange benefits. To get assistance, CoinJump representatives stand by your side 24/5 via live chat or email. Finding information on the website from a personal assistant is very fast and convenient.
It is also important to note that CoinJump complies with requirements set up by Estonian and EU authorities, having to do with how cryptocurrency exchange platforms should conduct their operations.
CoinJump Crypto Assets
Do you want to buy ETH with CoinJump? The platform enables access to competitive rates, thanks to connections with miners and exchanges. Bitcoin is also available, both for buying and selling, for people that want to either get long exposure or trim it by selling some tokens.
CoinJump treats large purchases differently and had already set up an additional OTC desk, to facilitate the closing rate in a shorter period. The exchange rates available on the website are denominated in Euros and already include the 4.7% exchange fee.
Although there could be room for improvements in terms of crypto coverage, CoinJump remains fully committed to upgrading its offering based on the market demands. For now, Bitcoin and Ether are leading in terms of popularity, and people are attracted, despite higher market valuations.
Clients can deposit funds into their CoinJump account using a credit/debit card or bank wire. The exchange only uses verified and trusted payment methods to ensure the security of the funds. For withdrawal of cryptocurrencies, each customer will need to hold a compatible crypto wallet.
Promotions
At the time of writing, CoinJump is not running any special promotions for its customers. Because it operates based on the requirements in the European Economic Area for exchange platforms, such provision won’t be consistent. We will update our review in the future in case the brand will offer any special promotions.
CoinJump Conclusion
As long as Bitcoin and Ethereum will continue to dominate the cryptocurrency market, exchanges like CoinJump can benefit. With some of the best rates in the market and competitive fees, the brand is in a favorable position to continue growing in 2021. Based on our analysis, CoinJump is a trusted exchange, already registered with the FIU in Estonia, compliant with the latest requirements for crypto exchange operators in Europe.
CoinJump Review
Product Name: CoinJump
Product Description: CoinJump is your first step into the cryptocurrency world, offering a web platform where users can buy and sell Bitcoin or Ether at some of the most attractive rates.
Brand: CoinJump
Offer URL: https://coinjump.io/en
-
Trading Platform
-
Languages
-
Spread
-
Support
Summary
CoinJump is your first step into the cryptocurrency world, offering a web platform where users can buy and sell Bitcoin or Ether at some of the most attractive rates.
Pros
- Accurate and liquid rates for BTC and ETH
- Credit/debit card and wire transfer deposits accepted
- Fast support via live chat
Cons
- Only two cryptocurrencies are supported
- Buying and selling rates available in Euros only
- The website is available only in English and German.
