The project belongs to Clearcrest Inc. UAB. The company running this platform calls itself an “ideal” licensed digital currency service. According to information on its website, its headquarters are located in Vilnius, the capital of Lithuania. Please note that the firm states that it has legal authority to provide virtual currency services to users, but does not provide any regulatory documents.
Is this project reliable? You will find out more about Coinsdrom in our review, where we explore the safety of cooperation with this exchange.
How to Invest
The service offers clients, individuals, and companies, “an efficient, transparent, fully regulated process” for exchanging, buying, and selling cryptocurrencies. You will get the following features on the platform:
- Exchange Bitcoin, Ethereum, USDT, Litecoin for fiat money.
- Affiliate program.
- Various payment solutions, including credit cards.
KYC verification is divided into 3 ranks depending on the order amount – from 200/5,001/75,001 euros. The larger the transaction volume, the more personal documents must be provided.
You will find that the exchange has a supportive community that interacts through social media. The company’s Facebook, Instagram, and YouTube profiles have several thousand followers.
Coinsdrom Vital Info
There is no information about the founders and the launch date of the company on the official website. So when was this exchange launched? We saw that the domain was registered in September 2022 and was renewed in 2024. In addition, the first online reviews appeared in June 2024. It’s possible that the domain name was purchased a few months ago, but that’s just our guess.
What about the registration and licensing of financial activities of this exchange? There are no documents on the site, so we checked its owners’ statement about the license. It is worth noting that we found in the registry in the Republic of Lithuania an organization Clearcrest Inc. UAB, which allegedly manages this resource. However, its own official website is clearcrest.io; its details are also listed on the website voltcoins.com. Both of these sites are crypto exchanges as well, and it is unclear to us why the creators have multiplied several brands.
This exchange is reliable, safe, convenient and customer friendly. I have been working on Coinsdrom for more than half a year and I am satisfied with everything. The platform is stable, and for me this is an important feature. The menu is convenient at this exchange. The platform is designed very well. The functionality is necessary, everything is in good order. Commissions are quite low, both for buying and selling, and for withdrawals. Withdrawal is possible both in fiat and cryptocurrency. I started to use Coinsdrom software on my smart phone more often, it is very convenient. From the disadvantages I will note the lack of a crypto wallet, although on the other hand, storing crypto on the exchange is not the best idea, as any of them can easily be closed by local authorities.
COINSDROM is an honest crypto exchange that helps to correct some mistakes of an inexperienced crypto trader. I lost 124 Litecoin because of my mistake and the admins gave me back 50% of my lost money. I am very grateful to them for that. I continue to work here further, but I am MORE CAREFUL now! Everything suits me, I have nothing to complain about, the money comes out according to the regulations.
I didn't have much confidence in the exchange because of the unstable commission percentages, in fact you don't know what's in store for you, because the exchange is designed to constantly update the percentages, which is quite risky for the user. I chose Coinsdrom because of the good enough service that here you can quickly exchange crypto-assets for dollars, but I emphasize that the commission percentages are not prescribed in advance, so you can get into a very unfavorable deal. When I was working at coinsdrom.com, I was always on edge because I didn't know what might change on the exchange next time, and these changes happen at the speed of light, I just had to have time to adapt to the new conditions. Therefore, I realized after a month of work here that on another exchange my nerves would be safer and my wallet - fatter. Of course, a negative result gives you experience, but why do you need it?
I'm experiencing some constant glitches on the Coinsdrom site. To be honest, I already thought that the problem was on my side (maybe the PC or internet is faulty), but after working on this exchange, I switched to the website of another company, registered an account and saw that there were no glitches there. Overall I couldn't rate Coinsdrom well, it's unstable and I don't like this kind of service.
I wanted to make money on bitcoin, and since the representatives of this company promoted the service on social media, I deposited $7,900, but I faced huge commissions even then, even for deposit. However, the managers told me I could make money on Litecoin. I traded for 2 months and then decided to withdraw all my money, but the exchange's commission took all my profit when I withdrew it. However, nothing is written about it on the site! These are crooks who cheat people.
The exchange has a very weak capitalization and I don't see the prospect that trading volumes will start to grow, that's why I withdrew all my coins, which I deposited to my Coinsdrom account quite a long time ago. I am grateful to the administration of the exchange, of course, that they allowed me to withdraw my funds and did not sacrifice their reputation as a reliable exchange because of the cryptocurrency totaling about 4,600 dollars, as it happens often on illiquid crypto exchanges, However, this company needs to do something urgently in order to increase liquidity, otherwise, other customers will soon move to trade on other platforms.
My attempts to make money from cryptocurrency turned into a nightmare with COINSDROM. My sell trade was executed at 15% below market rate during a volatile BTC market and I lost about 0.017 BTC!! The support response was the standard “Market conditions can change quickly”. It's likely that the worst conditions are always applied exclusively to the customer...
I got to know about this crypto exchange 6 months ago. I was able to make a little bit of money with COINSDROM, by the way, I withdrew money in CHF and most importantly bypassed the banks and also with a small commission. This crypto exchange is convenient to work with, there are many fiat currencies, which makes some transactions very simple. One of the downsides is that you only see the site interface in English and Lithuanian.
I am disappointed with the way customer support works here. When I had a problem with my withdrawal (I have not been able to get 7,840 euros for a month now!), the support operators stopped answering my queries. I'm not talking about the fact that such a “perfect” company didn't bother to have a German-language support team. So COINSDROM employees pretend that they don't understand what I want from them. They came up with a clever excuse.
I have been waiting to withdraw my money for about a week now and I have not received a single clear adequate message from coinsdrom tech support. My bank card is verified, I have withdrawn it a couple times already. I have no idea what happened now. Moreover, I recently deposited money like a complete fool. I have a considerable balance, almost 4 ETH, and I wanted to double it after I withdraw the money and solve my current financial problems... I don't advise you to contact coinsdrom.com, this project looks like a scam!!!! At first everything will be fine as long as the managers lure you in, and then they take your money!!!! I will not be surprised if my account will be blocked today or tomorrow!!!!
The most unstable crypto exchange in my practice is coinsdrom. I am surprised by the brazenness of these crooks, who change the conditions for trading right on the fly. Also, withdrawal of funds there is unstable :( If you are lucky, you will get your money, and if not, you will have no one to complain about your capricious fortune.
The owners of the platform make loud claims about their service, but there is not even leverage here! How so!?? Can you make serious money without leverage? Indeed, this platform is suitable only for beginners. Although they have nothing to do here, as I have not seen their training materials.
Very slow incompetent tech support is the main drawback of coinsdrom. The user interface is nevertheless user-friendly. However, I have no desire to work here with such a staff...
The exchange operates illegally, so you won't be able to claim anything from these scammers. I lost $1,567 here because I didn't realize where I was registering and who I was trusting my funds to. It turns out that these are anonymous scammers who have no intention of working honestly and paying out clients' money. Coins drom lure newbies who don't know much about crypto trading, like me, into their networks. And then your money flows into the pockets of crooks! This is definitely a scam!!!
This is a cheesy service and you have no business bidding or exchanging here. I don't even know how long you need to work on coinsdrom.com to be able to withdraw even a minimal amount of profit. Besides, coinsdrom administration blocked my account after a couple of months, allegedly for inactivity.
My friends have tested this platform. They say that the service is good - account owners who join the referral program are given the opportunity to earn up to 60% of all actions of your invited referrals (excluding market fees). However, I haven't worked with coinsdrom myself yet, so I can't recommend the site.