Key Data

• Trading Name: CoinsBank
• Legal Entity: CB Exchange OU, CB Exchange LP
• Activities: All-in-one gateway
• Location: Belize
• Regulations: licensed under the International Financial Services Commission (IFSC) of Belize
• Key People: Vitaliy Andrusevich (Founder)

CoinsBank is an all-in-one gateway in the crypto space. It is licensed under the International Financial Services Commission (IFSC) of Belize and is also registered with FinCEN MSB in Belize.

CoinsBank was founded in April 2016 by Vitaliy Andrusevich to revolutionize the blockchain and cryptocurrency industry by providing a wide range of blockchain services. The company is owned by CB Exchange LP and operated from the United Kingdom, with its headquarters located in Edinburgh, Scotland.

Offering

CoinsBank is both a financial institution and an online platform for buying, selling, transferring, and storing cryptocurrencies.

CoinsBank Exchange supports various fiat currencies, such as AUD, YEN, CHF, RUB), GBP, USD, and EUR. However, only Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), and Litecoin (LTC) trading is supported.

Its services include:

• Wallets
• Cards
• Exchanges
• Merchant gateways
• Mobile application

Coinsbank also offers a merchant gateway that allows merchants to accept cryptocurrencies and serve customers worldwide.

Deposit fees for fiat currency deposits are 0.01% per deposit, and trading fees are very high at 0.5% per trade.

CoinsBank accepts cryptocurrency deposits and various fiat currency deposits via bank transfers, OKPay, Perfect Money, Sepa, Qiwi, or debit/credit card..

Conclusion

We were unaware of any irregularities surrounding the company, but we have placed it on our “Orange Compliance” list due to the poor customer ratings.