Key Data

• Trading Name: CoinsPaid
• Legal Entity: Dream Finance OU
• Activities: crypto payment processor
• Location: Estonia
• Regulations: License No.: FVT000166
• Key People: Max Krupyshev (LinkedIn)
• News: CoinsPaid
• Latest Updates: 24July 2024

CoinsPaid is a regulated Estonian crypto payment processor operated by DreamsPay OÜ. This company also runs the crypto payment brand and platform CryptoProcessing (PC42 profile). Max Krupyshev (LinkedIn) is the co-founder and CEO.

CoinsPaid offers wallet services to companies and individuals and, additionally, white-label solutions to other crypto payment processors.

Branches

Their payment gateway helps iGaming companies accept cryptocurrency deposits from any region and instantly credit the player account with an equal amount in the national currency of choice.

One of their major clients is the gambling and sports betting provider FansUnite Entertainment.

Regulation

CoinsPaid is a licensed and regulated cryptocurrency payment provider based in Estonia. The company is registered under Dream Finance OÜ and holds a license from the Financial Intelligence Unit of Estonia to provide cryptocurrency exchange and wallet services. This regulatory status requires CoinsPaid to comply with stringent AML (Anti-Money Laundering) and KYC (Know Your Customer) procedures, ensuring robust risk management and security measures​.

Compliance Issues

An article on anwalt.de reports that the CoinsPaid platform has been exploited by fraudsters to carry out cryptocurrency scams, leading to significant financial losses for victims. While CoinsPaid is a legitimate service, criminals are using it for fraudulent activities. Victims are urged to seek legal assistance, secure their digital assets, and document all transactions. Legal professionals can help recover lost funds and prevent further fraud. The article emphasizes the importance of taking immediate action to protect oneself from such scams.

Customer Reviews

Google: 5 Stars with 6 Reviews

Trustpilot: 2,8 Stars with 15+ Reviews

News

July 2023 the cryptocurrency platform Coinspaid has suffered an IT security incident in which the attackers captured 37.3 million US dollars. According to the platform’s own information, customers are not affected by the incident.

Conclusion