BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...     

CoinFlip

4.9 from 8 vote[s]

Fees

Taker fee

N/A

Maker fee

N/A

Withdrawal fee

3.99 %

Funding methods

Wire Transfer

Cross

Credit Card

Yes

Crypto

Yes

US Investors Permitted

Yes

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CoinFlip Review

A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of CoinFlip consists of four parts: general info, fees, deposit methods and security.

General Info

CoinFlip is an American crypto exchange. A very special thing with this exchange is that they allow you to purchase Bitcoin and 6 other cryptos for paper cash. They make this possible through having various Bitcoin ATMs placed in different locations in the country. The below map shows where the ATMs are located. One can notice that the Northwest aren’t that vastly populated with ATMs, whereas Chicago, Florida and Michigan have been more lucky.

CoinFlip ATM Locations

Another strong feature of CoinFlip is that they offer same day settlement on all wire transactions, and live customer service and support (24/7). Also, this exchange has a price matching offering. Through this offering, they promise that they will offer the best price among all of its competitors within a 10 miles radius (from the relevant ATM).

There is clear info on the exchange’s website about the name of the company running the exchange (GPD Holdings, LLC), registered address, phone numbers etc. This is of course comforting, as an entity trying to defraud you wouldn’t provide you with all that detailed info.

KYC

As for the KYC, these are the requirements (in trading volume per day):

USD 5 to USD 900 – Name and phone number 

USD 901 to USD 3,000 – Name, phone number and government issued ID

Finally, USD 3,001 to USD 8,000 – Name, phone number, government issued ID and SSN

US-investors

CoinFlip is available to US-investors. However, it is only open to US-investors. Also, it is not yet open to all US-investors. Residents of any of the following states are currently not able to use CoinFlip’s services: New York, Washington, Idaho, Wyomin, Utah, Arkansas, Mississippi, Massachusetts, Vermont, Maine, New Mexico, Minnesota and Louisiana (we might have missed one or two in the foregoing list).

CoinFlip Trading View

Different platforms have different trading views. And there is no “this overview is the best”-view. You should see for yourself which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. As this exchange operate quite differently from standard centralized exchanges, we have not been able to acquire a view of the trading interface here. Rather, there is no real trading interface.

CoinFlip Fees

CoinFlip Trading fees

This exchange is different from most other exchanges in the way that it does not offer trading between cryptos. CoinFlip is a crypto ATM company that exchanges cash for crypto and they do not have trading as a feature. Accordingly, the standard taker fees and maker fees (where the industry average is 0.25% per order) are difficult to compare against. The buy fee to buy any crypto at CoinFlip’s ATM is 6.99% over spot plus a $1 miners fee.

CoinFlip Withdrawal fees

Considering how this exchange operates, withdrawal fees are irrelevant. But, when withdrawing cash, the withdrawal fee is 3.99%. CoinFlip currently only allows sales of BTC and LTC.

Deposit Methods

At CoinFlip, you can deposit through credit card seeing as you can buy crypto at the platform’s website through Simplex. And, as mentioned above, you can also deposit paper cash through using any of their Bitcoin ATMs. This can be helpful especially for newer crypto investors. Wire transfer is however not possible yet. But CoinFlip will open an OTC-desk in the near future and according to info to Cryptowisser, they might offer wire transfers then to that function.

CoinFlip Deposit Methods

CoinFlip Security

This exchange’s security score is C, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is actually way above average when it comes to the exchanges listed in our Exchange List. Most of the exchanges only receive an F.

***

We hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received great ratings from the visitors on our site:

  1. PrimeXBT
  2. Simex
  3. BaseFEX
  4. Currency.com
  5. CEX.io
  6. Changelly
  7. Crex24
  8. Binance
  9. Bybit
  10. Coinmate

CoinFlip Review - Cryptowisser Logo