Coin-Up Review – Key Products, Features, Fees and Many More

Important to realize is that this firm presents itself as licensed and trusted. Yet, they don’t reveal any ownership information whatsoever. That much about their transparency.

In any case, this firm has been operating since 2022 without any user-experience reviews. That’s another sign telling you about their credibility. But there are many more you will discover in this Coin-Up review.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active crypto exchange
Known Websites:	Coin-up.pro
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	Cayman Islands
Foundation Year:	2022
Online Trading Platforms:	Proprietary app
Mobile Trading:	Available
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	No
Crypto Asset Trading:	Yes – BTC, XRM, DOT
Available Trading Instruments:	Cryptos
Maximum Leverage:	1:1
Islamic Account:	Not available
Free Demo Account:	No
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Without adequate regulatory oversight, your funds would be exposed to extreme risk with this firm. In case you already experienced it, contact our refund specialists for detailed advice.

Is Coin-Up Legit or a Scam?

As mentioned, the Coin-Up.pro website reveals the company is listed as an  MSB (US and Canada). MSB stands for Money Services Business. Thus, this is not a regulatory institution. But even that information is not directly connected to this firm, so we wouldn’t be sure about the relations.

Anyway, the company should have a CFTC or IIROC license. Yet, those registers were empty upon search. Not to mention we were looking for their DASP/VASP license in other databases, such as FCA, BaFin, and ASIC. We also checked all of the institutions in the countries where they claim to operate. For instance, Singapore, Hong Kong, and Japan. Yet, none of these databases hold records of Coin-Up having a license.

How Does Coin-Up Work?

So, everything about this company is around anonymity. They don’t reveal their ownership in the first place. Yet, they want you to trust them blindly. Once you do that, you are sending them money through anonymous and nearly irreversible crypto transfers. But once you want to withdraw it, you will start doubting their business.

After all, they are not licensed and they can make up any reason not to approve your withdrawal. In case that happens, our refund experts are available for consultation.

Who Are Coin-Up Clients?

For the two years of their activity, they were active everywhere. But mainly, their victims are coming from:

• United States
• Philippines
• Singapore
• Nigeria

Quite a strange range of targeted countries. In any case, keep in mind you can get refund advice from our specialists if needed. Moreover, we encourage you to leave a comment below about your experience with this firm.

What Are Trading Platforms Available?

As can be seen, the company offers a proprietary app. Thus, it’s only available for mobile devices and not for desktops. Instead, you’ll have to access the platform via web-based software. It’s not the most convenient method if you like. Especially when you see how slow their website is.

Is the Coin-Up Mobile Trading App Available?

Apparently, iOS and Android apps are available. Yet, the download option doesn’t lead you to a trusted store. Instead, you are scanning a QR code, which is not recommended if you have even a second of doubt about the company’s activities.

To learn how to choose safe and protected apps, check our ITCS Trade review.

What Financial Instruments Does The Platform Include?

According to the Coin-Up website, they only offer crypto assets, whether for spot trading or contract trading. In any case, many of the popular assets seem to be available, such as:

• Bitcoin
• Litecoin
• Ethereum
• Ripple
• Dogecoin

Account Types Offered by Coin-Up

Important to realize is that CoinUp Pro doesn’t reveal any account types. Even though in their Q&A section, we can see they have priorities based on trading volume, which indicates some differences.

Generally speaking, it’s a good way to motivate investors to trade more. However, with unsafe companies, that could be a nightmare.

Can a Trader Use a Coin-Up Demo Account?

Another key fact is that app insight is available. Thus, you won’t have virtual funds to test out their fees and trading features. Which is a huge disadvantage considering they are a new firm.

Coin-Up Fees, Leverage, and Commission

According to the company, maker and taker fees start at 0.2% for currency transactions. However, for contract trading, the maker is charged with 0.2% fee, while takers get a 0.08% fee.

Of course, these might change depending on your trading volume. Yet, the rules for that are not disclosed. Learn how to determine if the fees are working for you or not by reading our Capital Bear review.

Is Coin-Up Welcome Bonus Available?

In fact, yes. Quite surprisingly, the company claims to offer up to 2,000 USD in rewards. But right next to that, they claim to have 1M registered users. However, their app is not listed in any trusted store.

So, who are they fooling? In any case, this reward is there just to attract you to register. But be aware of potential manipulations around it.

Is Coin-Up Withdrawal Possible?

Generally speaking, you can’t expect a smooth withdrawal from a non-transparent company. Sadly, the only withdrawal method is crypto. More importantly, without processing time and fees disclosed. Therefore, you can expect surprises there. In general, that’s a downside of working with unregulated firms. But there’s a solution to that as well.

What Should I Do If I Have Coin-Up Problem?

One of the first things you should do is to contact domestic regulators and share your proof and opinion. Consequently, they can warn other traders about the company’s activities. Very often, that doesn’t bring you your money back. Which is the only thought of every victim.

But there are solutions in such scenarios. For instance, if you are sending crypto and you don’t know how to track it, you may use our CipherTrace software service. Once you find where your funds are, you can start the refund process. But we suggest you leave that to our specialists. Book your first free meeting now and find out all the steps!