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.
UPDATE 18 April 2019: This exchange has closed down its operations. In order to withdraw funds from the exchange, you need to send an email to [email protected]
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).
As for fiat currency, this exchange supports the following:
Great Britain Pound;
Russia Rouble (even though clients from Russia are prohibited from trading here);
Switzerland Franc; and
Coinroom Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine 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 cryptocurrency 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 ascertain that it feels right to you. The below is a picture of the different trading views, at Coinroom. As you will see from the below pictures, at Coinroom, they don’t fit all the relevant information in the same view. Rather, you have to scroll down to find the information you might need.
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
This exchange 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).
There are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes a few such exchanges with very impressive security scores: