Coinsdrom Review – A Crypto Exchange You Should Consider?

What is Coinsdrom?

Coinsdrom emerges as a promising contender in the competitive realm of cryptocurrency exchanges, boasting authorization and a commitment to trustworthiness. The platform’s emphasis on transparency, efficiency, and law compliance is evident, offering users an authorized avenue for exchanging digital assets. 

With a range of payment options, including credit cards and bank transfers, Coinsdrom caters to diverse user preferences. Their dedication to upholding AML, KYC, and KYT standards underscores a commitment to security and transparency.

Positioned with aspirations to lead the European market, Coinsdrom aims to provide a secure and efficient exchange experience. However, user experiences and broader market performance will ultimately determine its standing, so let’s analyze the main exchange features.

Exchanging Crypto

At the time of writing, people who want to exchange crypto with Coinsdrom have access to some of the leading coins in the space, including Bitcoin and Ethereum. The web-based user interface was built in such a way that even someone with no background can complete an exchange operation.

If you are one of those who want to learn about crypto, the exchange also runs a blog, where it shares insightful information on topics dealing with the digital assets space. The signup process looks simple and once you register, the next important step is KYC. 

KYC for private clients

Coinsdrom’s KYC (Know Your Customer) procedure is meticulously structured across three distinct user levels, each correlating with the amount of operation. Level 1, applicable for orders ranging between €200 to €5000, necessitates Proof of Identity alongside Selfie Liveness verification. 

Moving up to Level 2, accommodating transactions from €5001 to €75000, entails furnishing all Level 1 documents, supplemented by Proof of Address and Form 501 for Cryptocurrency Purchase Confirmation. 

For users operating at Level 3, involving transactions exceeding €75001, the documentation escalates to include all prerequisites from preceding levels, alongside Form 502 for Advanced Limits Application and comprehensive evidence of the Source of Funds. 

Additionally, a Video Call verification procedure is enacted, ensuring robust authentication and compliance with tight standards. While these measures may enhance security, users must be prepared to adhere to the documentation requirements, based on the amount they want to exchange.

Security

The company prioritizes security at every level of operation, ensuring protected transactions through a super-efficient multi-layered security protocol. This protocol guarantees the highest standard of protection for client transactions, facilitating quick and safe cryptocurrency exchanges. 

Moreover, Coinsdrom guarantees the security of personal data by encrypting all user information with cutting-edge technology, affirming its commitment to data protection. Compliance with AML and KYC checks further fortifies security measures, underscoring the platform’s mission to ensure safety during exchange transactions. 

Backed by a customer-centered support team available 24/7, Coinsdrom fosters a supportive community dedicated to promptly assisting clients with any concerns.

Summary 

As a whole, this authorized exchange platform does seem to offer an edge to those wanting to buy or sell crypto. A simple registration process and transparent KYC let people know from the start what they should expect. We believe Coinsdrom can be labeled as a reliable exchange.