Score
CoinCloud
United States
5-10 years
Suspicious Regulatory License|
Medium potential risk
https://www.coin.cloud/
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1It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
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Time Machine
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| Aspect | Information |
|---|---|
| Company Name | CoinCloud |
| Registered Country/Area | United States |
| Founded Year | 2014 |
| Regulatory Authority | Financial Crimes Enforcement Network (FinCEN) |
| Numbers of Cryptocurrencies Available | Over 20 different cryptocurrencies |
| Fees | Transaction fees vary based on the type and volume of trading. Please refer to CoinCloud's website for updated fee information. |
| Payment Methods | Bank transfer, credit/debit cards |
Overview of CoinCloud
CoinCloud is a virtual currency exchange platform that was founded in 2014 in the United States. The company is registered with the Financial Crimes Enforcement Network (FinCEN), which provides oversight and regulation for the cryptocurrency industry. CoinCloud offers a wide range of cryptocurrencies, with over 20 different options available for trading. The platform allows for transactions to be made through bank transfers and credit/debit cards.
In terms of fees, CoinCloud's transaction fees vary and are based on the type and volume of trading. It is recommended to refer to the company's website for the most up-to-date fee information.
Pros and cons
| Pros | Cons |
|---|---|
| Registered with a regulatory authority (FinCEN) | Fees vary based on trading type and volume |
| Wide range of over 20 cryptocurrencies available | Transaction fees not clearly outlined without referring to website |
| Allows for transactions through bank transfers and credit/debit cards | - |
| 24/7 customer support available via email and live chat | - |
Regulatory Authority
CoinCloud is registered with the Financial Crimes Enforcement Network (FinCEN), which provides regulation and oversight for the cryptocurrency industry. This regulatory registration is advantageous as it helps ensure the legitimacy and security of the platform.
Security
There is no information provided about the specific security measures in place to protect user accounts in CoinCloud. This lack of information raises concerns regarding the safety of personal and financial information. It is advisable for users to ensure that the platform they choose to trade on has robust security measures, such as two-factor authentication, encryption, and cold storage of funds. These measures help to enhance the security of user accounts and protect them from potential risks such as hacking or theft.
Cryptocurrencies Available
CoinCloud offers a wide range of over 20 different cryptocurrencies for trading. Some of the popular cryptocurrencies available on the platform include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), among others.
How to open an account？
1. Visit the CoinCloud website and click on the “Sign Up” or “Register” button.
2. Fill out the registration form with your personal details, such as your name, email address, and password.
3. Verify your email address by clicking on the verification link sent to your registered email.
4. Provide additional information, such as your residential address and phone number, to complete the KYC (Know Your Customer) verification process.
5. Upload the required identification documents, such as a copy of your passport or driver's license, to verify your identity.
6. Once your registration is complete and your identity is verified, you can start using the CoinCloud platform to trade cryptocurrencies.
Payment Methods
CoinCloud allows for transactions to be made through bank transfers and credit/debit cards. These payment methods provide convenience and flexibility for users when depositing funds into their CoinCloud accounts. The processing time for these transactions may vary depending on the specific payment method used, as well as any additional verification processes that may be required.
FAQ
Q: What cryptocurrencies are available for trading on CoinCloud？
A: CoinCloud offers a diverse selection of over 20 cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).
Q: What payment methods does CoinCloud accept？
A: CoinCloud allows traders to make transactions using bank transfers and credit/debit cards, providing flexibility and convenience when depositing funds.
Q: How can I register on CoinCloud？
A: To sign up on CoinCloud, simply visit their website and click on the “Sign Up” or “Register” button. Fill out the registration form with your personal information, verify your email address, complete the KYC verification process, and upload the required identification documents. Once verified, you can start trading.
Q: Does CoinCloud offer educational resources and tools for traders？
A: There is no specific information available about educational resources or tools provided by CoinCloud. Traders should explore the platform and reach out to customer support for any inquiries regarding educational materials.
Q: Who is CoinCloud suitable for？
A: CoinCloud is suitable for beginner traders who want to explore a wide range of cryptocurrencies and receive 24/7 customer support. It is also suitable for advanced traders looking to diversify their trading strategies and traders seeking convenient payment methods.
Q: Are there any disadvantages to using CoinCloud？
A: Some potential drawbacks of CoinCloud are the lack of transparency regarding transaction fees and account security measures. Additionally, the absence of information about liquidity and trading volumes may limit users' ability to evaluate market activity. Traders should consider these factors when deciding to use CoinCloud.
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