US investors permitted
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Coinroom consists of four parts: general information, fees, deposit methods and security.
Coinroom is a Polish cryptocurrency exchange. US-investors may not trade on this exchange. So if you are a US-investor and want to trade here, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.
At Coinroom, you can have one of the following two account types: verified & unverified. The main difference between these two seems to be the turnover limitations. If you have an unverified account, your turnover is limited to EUR 15,000. With a verified account, your turnover is unlimited. Your account can be verified with the standard things (copy of government ID or passport copy, for instance).
Great Britain Pound;
Russia Rouble (even though clients from Russia are prohibited from trading here);
Switzerland Franc; and
Coinroom Trading fees
The trading fees for takers at this very coin exchange are 0.25%. This fee is exactly in line with the industry average (the industry average is arguably around 0.25%).
However, Coinroom charges a much lower fee for makers (0.06%). This is a very strong competitive edge in the market and is especially beneficial for the investors not interested in picking up existing orders from the order book but rather prefers to “go fishing” with maker-orders.
Coinroom Withdrawal fees
Coinroom charges a withdrawal fee amounting to 0.00025 BTC when you withdraw BTC. This fee is far below the industry average and a strong competitive edge for this exchange.
Coinroom offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.
Our security score is the result of testing the webpage of each exchange at Observatory by Mozilla (https://observatory.mozilla.org/) which has helped over 125,000 websites by teaching developers, system administrators, and security professionals how configure their sites safely and securely. Coinroom’s security score is B. This is far better than average when it comes to top crypto exchanges. Furthermore, each transaction you make here at Coinroom need to be verified with SMS and 2FA (two-factor authentication).
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.