Instacoins is a crypto payment platform registered by the Estonian FIU and the Bulgarian National Revenue Agency.
According to the information on LinkedIn, the Instacoins Group is probably a Maltese project controlled by Instacoins Holding Ltd, despite its registration in Bulgaria and Estonia.
Instacoins offers the purchase of Bitcoins via credit and debit cards, a business model that can almost be described as antiquated. There are dozens of such providers. Apparently, Instacoins has not kept up with the developments of the last few years with coins and NFTs. In this respect, it is no surprise that fewer and fewer people visit the website.
We have discovered Instacoins as a payment processor at some unauthorized Forex, CFD, and Crypto brokers, putting it on our “Orange Compliance” list.