Coinroom

Coinroom Review

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:

Czech Koruna;

Denmark Krone;

Euro;

Great Britain Pound;

Norway Kroner;

Poland Zloty;

Russia Rouble (even though clients from Russia are prohibited from trading here);

Switzerland Franc; and

USA Dollar.

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 Fees

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.

Deposit Methods

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.