The process was very fast, intuitive and seamless, with safety and security features. However, the fees are extremely expensive. I don’t see any valid reason why we shouldn’t be able to add funds to... See more
Company replied
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Guys, instead of making the service convenient, you made it as inconvenient as possible. Plus, there's no support on weekends. Even AI support)) Plus, the response time is from 3 to 5 business day... See more
Company replied
I entered Coinify website as an individual trader. At that hour the support was offline. I left my details and concern. I was soon emailed the next day and thus began with a nice member of the team a... See more
Company replied
Dear Tania, I was honestly very pleasantly surprised by the response and the level of transparency throughout the process. It is truly appreciated. I would also like to thank you personally... See more
Company replied
Company details
Written by the company
Coinify is a safe, simple and smart platform for individual and corporate traders to buy and sell Cryptocurrencies. We offer easiest and most compliant way for our customers to join the Crypto world. In case you require support assistance you can submit a ticket here - https://help.coinify.com/hc/en-us/requests/new Please visit our Help Centre to learn more about buy and sell processes https://help.coinify.com/hc/en-us
Contact info
Copenhagen, Denmark
- support@coinify.com
- coinify.com
You should know
3.8
Great
3K reviews
Replied to 68% of negative reviews
Typically replies within 2 weeks
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See how their reviews and ratings are sourced, scored, and moderated.
Reliable and professional consulting by…
Reliable and professional consulting by Nitin Arora from Coinify. Nitin is on time and on fire. Clearly visible that he loves his job. I am dealing with Conifiy for many years and do large trades. Highly recommend to request him for assisting in your trades.
December 5, 2024
Unprompted review
Reply from Coinify
Dear Frank,
Thank you for your wonderful feedback and the 5-star rating!
We're thrilled to hear about your positive experience with Nitin Arora. Providing reliable and professional service is what we strive for, and it’s great to know Nitin’s dedication and passion for his work have made such a difference. We truly value your loyalty and trust in Coinify over the years and we look forward to assisting you with many more successful trades! 😊
Regards,
The Coinify Team
Fast transfers
Fast transfers, very reasonable fees.
Easy to sign up, that is not true for most of the other companies.
Great communication by email, immediate confirmation of the transfers.
Pleasant experience!
December 4, 2024
Unprompted review
Reply from Coinify
Dear Clara,
Thank you so much for your wonderful feedback and the 5/5 rating! 🌟
We're thrilled to hear that you found the transfers fast, the fees reasonable, and the signup process easy. Providing great communication and a seamless experience is our top priority, and it’s fantastic to know we’ve met your expectations.
If there’s anything else we can do to make your experience even better, please don’t hesitate to reach out. 😊
Regards,
The Coinify Team
Very userfriendly and easy to buy
Very userfriendly and easy to buy crypto's. The fees are quite high though.
But after the response from Coinify I fully understand why the fees are high. And it's worth noting that the high fees aim to support multiple parties, rather than just for Coinify solely.
December 1, 2024
Unprompted review
Reply from Coinify
Hi,
Thank you so much for taking the time to leave us a review. We appreciate your valuable feedback and we are pleased to know that you are satisfied with our services.
At Coinify, we want to be fully transparent with you. And that is why you will always be able to see the fees Coinify charges when you create a trade. This is because we work with different partners, and fees can vary across their platforms. But thanks for sharing your feedback.
If you have any further queries or require additional information, please feel free to write back to us through email. We will be happy to assist you in any way possible.
Regards,
The Coinify Support
Wire transfer trade taking FOREVER
How did all of you get your wire transfer trades done in a day?
It has been 12 days since I contacted coinify, i am now on my 3rd round of compliance documents, they respond to emails once per day at 4 am USA time, making the whole process take forever.
They could have just asked for all the documents they needed at the beginning, instead they ask for 5 things one step at a time
November 30, 2024
Unprompted review
Reply from Coinify
Hi Jay,
Thank you for your feedback and we apologize for the inconvenience caused.
I have discussed this with our compliance team and apparently, we are still awaiting the required documents for proof of source of funds (PSOF) from your side. Since we are a highly regulated entity in Denmark we always need to follow our compliance procedures and guidelines.
The lack of responses is caused by the different time zones (we are based in Denmark - CET) that we work in and we are sorry for all the trouble.
I will try to get it resolved as soon as possible. Our compliance team will get back to you shortly with more information.
Best regards,
The Coinify Team
Very smooth and fast process
November 23, 2024
Unprompted review
Reply from Coinify
Hi,
Thank you so much for your fantastic 5-star review! We truly appreciate your valuable feedback and are thrilled to hear that you are satisfied with our services. We're glad to know that you found the process very smooth and fast and that you're excited about Coinify!
Feel free to contact us whenever you need assistance, and we will do our utmost to help.
Regards,
The Coinify Team
Nitin Arora was my personal broker for…
Nitin Arora was my personal broker for an OTC trade, he supported me every step of the process, applying his knowledge and guidance all the way through. Excellent job Nitin! Thanks for everything!
November 11, 2024
Unprompted review
Reply from Coinify
Dear Daniela,
Thank you so much for your kind feedback!
We're thrilled to hear that Nitin provided excellent support throughout your OTC trade. We take pride in having team members like him who offer such great guidance. Your 5-star rating means a lot to us!
If you need any further assistance, don't hesitate to reach out.
Regards,
The Coinify Team
Reply from Coinify
Dear Alderlan,
Thank you for your kind words!
We are thrilled to hear that you found our service clear and easy to use. Your feedback means a lot to us, and we strive to keep improving for you.
If you have any more suggestions or questions, feel free to reach out anytime!
Regards,
The Coinify Team
Very professional and knowledgeable …
Very professional and knowledgeable Support Service. Nitin Arora was very responsive and always on top of things.
And since it has been my first trade I had many questions. 😀
The Compliance check has been very thorough which on the one hand creates some effort, on the other hand it signals professionalism. So all in all thumbs up!
Christoph
November 1, 2024
Unprompted review
Reply from Coinify
Dear Christoph,
Thank you so much for your kind words! We’re thrilled to hear that you had a positive experience with our support service, especially with Nitin. It's great to know he was responsive and helpful as you navigated your first trade.
We appreciate your understanding of the compliance check process. While it can be a bit involved, it’s essential for maintaining the professionalism and security of our services. Your feedback means a lot to us, and we’re here to assist you with any further questions you may have.
Thanks again for your support, and happy trading!
Regards,
The Coinify Team
Every buy is executed within 2 days…
Every buy is executed within 2 days without any complication since 2 years. Thank You for this service.
October 28, 2024
Unprompted review
Reply from Coinify
Dear Markus,
Thank you so much for your kind words!
We’re thrilled to hear that you’ve had a smooth experience with our service over the past two years. Your satisfaction is our top priority, and we're glad we could meet your expectations.
If you have any more feedback or need assistance in the future, don’t hesitate to reach out!
Regards,
The Coinify Team
No way to reach them
No way to reach them. BTC price way below market, not within any acceptable limit for slippage.
Basically a scam, but somehow the only choice on Ledger.
October 16, 2024
Unprompted review
Reply from Coinify
Hello,
Thank you for sharing your feedback. We understand your frustration regarding the pricing of BTC on our platform. Please note that as a broker, our prices may differ from those on exchanges, and while we strive to keep this difference minimal, fluctuations can occur due to market conditions.
We want to assure you that Coinify is a highly regulated company, incorporated in Denmark and registered with the Danish Financial Supervisory Authority and the Financial Crimes Enforcement Network in the United States. Our commitment to regulatory compliance ensures the security and integrity of our services.
We have already addressed your concerns on your ticket. If you have any further questions, please reply to that ticket, and we’ll be more than happy to assist you.
Thank you for your understanding.
Regards,
The Coinify Team
I would have given 5 stars if the rate…
I would have given 5 stars if the rate of the bought crypto is preserved. Using Ledger Live to purchase, the only way to pay Coinify is via direct transfer from bank as most credit card company just refuses transaction with crypto. No matter how fast an international transfer, it is at least 1-2 working day. By that time, it just revert to market rate and u bought at the mercy of market price.
October 15, 2024
Unprompted review
Reply from Coinify
Hello,
Thank you for your feedback, and we appreciate you sharing your experience with us. We understand that the time involved with bank transfers can be frustrating, especially given the fluctuation in market rates. Unfortunately, due to the processing time for international bank transfers—typically 1-5 working days—we are unable to lock in the exchange rate at the time of purchase.
Since we cannot be certain that a bank transfer will be completed, locking in a rate could expose us to significant financial risk if the payment is not finalized. For this reason, the final crypto purchase is made at the current market rate when the funds are received.
We are continually working on ways to improve this process and hope to provide a more seamless experience in the future. Your understanding is much appreciated, and we hope this provides more clarity on why the process currently operates this way.
Thank you for choosing Coinify!
Regards,
The Coinify Team
Great experience with our first transfer
The first trade experience went well - took around 1 day to have the bank transfer completed. This was followed by a conversation with a personal broker, which provides a great impression.
October 10, 2024
Unprompted review
Reply from Coinify
Hi,
Thank you so much for your fantastic 5-star review! We truly appreciate your valuable feedback and are thrilled to hear that you are satisfied with our services. It's great to know that you consider Coinify one of the most supportive platforms you’ve experienced!
We're also glad to hear that your first trade experience went smoothly, with the bank transfer completed in just one day. Additionally, we're pleased that your conversation with a personal broker left such a great impression.
Feel free to contact us whenever you need assistance, and we will do our utmost to help.
Regards,
The Coinify Team
Very good support
October 8, 2024
Unprompted review
Reply from Coinify
Hi,
Thank you so much for your fantastic 5-star review! We truly appreciate your valuable feedback and are thrilled to hear that you are satisfied with our services. It's great to know that you consider Coinify one of the most supportive platforms you’ve experienced!
Feel free to contact us whenever you need assistance, and we will do our utmost to help.
Regards,
The Coinify Team
IT HAS BEEN 7 DAYS AND I STILL HAVE NOT…
IT HAS BEEN 7 DAYS AND I STILL HAVE NOT RECEIVED MY REFUND AND NO ADEQUATE RESPONSE FROM THEM, THEY SAID WAIT A FEW HOURS BUT IT HAS BEEN 7DAYS. THEY ARE QUICK TO GET YOUR MONEY BUT WILL MAKE YOU SUFFER FOR YOUR REFUND!
October 3, 2024
Unprompted review
Reply from Coinify
Hi,
We are truly sorry to hear that your experience with our services did not meet your expectations, and we sincerely apologize for any inconvenience you may have faced. Please be assured that our team is actively addressing the issue and working towards a swift resolution. The refund is being processed by the team, kindly monitor your support ticket for further updates.
Once again, we apologize for the delay and inconvenience this may have caused.
If you have any further queries or require additional information, please feel free to write back to us through email. We will be happy to assist you in any way possible.
Regards,
The Coinify Team
Easy process
Easy process. Not the cheapest option but I trust them over others that I am not familiar with.
October 3, 2024
Unprompted review
Reply from Coinify
Hello,
Thank you so much for your wonderful feedback!
We’re thrilled to hear that you found our process easy and that you trust us with your transactions. We strive to provide reliable services, and it means a lot to us to have your confidence.
If you ever have any questions or need assistance, please don’t hesitate to reach out. We look forward to serving you again!
Regards,
The Coinify Team
Extreme Fees again
Extreme Fees again, if you want reasonable fees when buying BTC never use coinify.
Also don't ask support anything they are useless and based in india.
August 21, 2024
Unprompted review
Reply from Coinify
Dear Emmanuel,
Thank you for your feedback, and I sincerely apologize for any inconvenience caused.
At Coinify, our fees include:
- Handling Fee: Covers the costs of completing your trade.
- Network Fee: Covers the cost of sending cryptocurrency.
- Partner Fee: Covers costs incurred by our partners.
You can find detailed information about our fees here: https://www.mycoinify.com/fees We also make sure to inform you of these terms and request your agreement at the time of placing and confirming the trade.
Please keep in mind that Bitcoin rates fluctuate. The final rate for your trade is based on the market rate at the moment your transfer is completed. We use an average market rate from major exchanges to ensure transparency.
If you're looking for lower fees, initiating a bank transfer might be a better option. More details can be found here: (https://help.coinify.com/hc/en-us/articles/4410550489362-How-to-buy-cryptocurrency-via-Coinify-by-bank-transfer).
Thank you for your understanding, and we're here to assist you with any further questions.
Regards,
The Coinify Team
Crypto payment frustrations: A costly experience with Coinify
My experience with Conify was one of the worst I've had in years. If I had known beforehand that missing the 15-minute time window for sending crypto would result in a dead-end state requiring a refund, I would have never used their service.
In many situations, it's not feasible to guarantee sending within such a tight timeframe, leading to a frustrating user experience. I understand the goals behind their solution, but it's not mature enough to handle common scenarios. It seems they either didn't consider or don't care about these issues. As a result, I lost 20% of my initial payment due to nearly 10% gas fees on both sides.
My recommendations are to inform the users better, ask for an additional verificaiton step when payment options are choosen which likely won't be successful and have a dynamic time window depending on choosen crypto currency. The price volatility differs a lot between them, which the time window should account for.
Lastly, add support for Lightning network with Bitcoin! This is a must for a service where Bitcoin even should be considered
I am not giving 1 star since I actually received 80% ish of my payment, but the experience is definitly not more than two stars considered the major ossues to the payment flows and especially informing the user. Look at Coingate and how they are doing things!
August 6, 2024
Unprompted review
Reply from Coinify
Hi Morten,
Thank you for your review and the feedback provided. We apologize for the inconvenience caused.
Kindly note that we impose time limits on receiving cryptocurrency for several reasons, primarily related to security, volatility, and compliance reasons. By imposing time limits, we can mitigate risks, ensure smoother transactions, and protect ourselves but more importantly our customers against the inherent uncertainties of dealing with cryptocurrency.
Once a refund is initiated in our system it is very hard to intervene as you also experienced. This process works for most of our customers who simply collect the refund and initiate another payment.
We are, however, always working on improving user experience and your feedback is very valuable for us.
Thank you for your understanding and we wish you a great day!
Best regard,
Team Coinify
Fees are too high for me
It's a long procedure before I found out how high your fees are, too igh for me, thanks
August 8, 2024
Unprompted review
Reply from Coinify
Hello Ulla,
Thank you for reaching out and sharing your feedback with us.
We understand that fees are an important consideration, and we strive to provide clear information about our fee structure. Our fees cover various components, such as handling fees, network fees, and partner fees, which cover the costs associated with completing transactions and ensuring the reliability of our services. You can find more detailed information about our fees here: https://www.mycoinify.com/fees.
For those looking for lower fees, we recommend considering bank trades, which may offer a more cost-effective option. More details about this can be found at the link above.
We appreciate your understanding and value your feedback, as it helps us improve our services.
Regards,
The Coinify Team
Please add SEK as payment option
I have used Coinify's services for many years, both buying from fiat to crypto and selling from crypto back to fiat and intend to continue doing so. I am very satisfied, but I wish Coinify could add Swedish kronor SEK as a fiat option, then I would use the services much more regularly.
August 8, 2024
Unprompted review
Reply from Coinify
Hi,
Thank you so much for your fantastic 5-star review! We truly appreciate your valuable feedback and are thrilled to hear that you are satisfied with our services.
We are glad to know that you have been using Coinify's services for many years and that you intend to continue doing so. Your suggestion to add the Swedish kronor (SEK) as a fiat option is noted, and we will certainly consider it for future updates.
Feel free to contact us whenever you need assistance, and we will do our utmost to help.
Regards,
The Coinify Team
I wish I didn't have to use Coinify
Most wire transfers occur efficiently and quickly. Not the case with Coinify. Also, within the Ledger/Coinify user experience, it is unclear which company's technology is paramount, how to access user ID and passwords in either/systems, what to do if a transaction fails, etc. etc. I realize you are dealing with a complex regulatory and technology framework. But going forward I will try to buy 90% of my crypto in ETF form, not tokens.
July 22, 2024
Unprompted review
Reply from Coinify
Hello,
Thank you for sharing your feedback with us.
I understand that most wire transfers are typically efficient and quick, and I regret that this has not been your experience with Coinify. For international transfers, it can take around five business days, while SEPA transfers usually take 24-48 hours. The delay in international transfers is often due to the involvement of intermediary banks, which can cause additional processing time. For more details, please click on this link: https://help.coinify.com/hc/en-us/articles/6696061310108-Processing-time-for-bank-trades
Please note that having a direct Coinify account and trading through Ledger are separate entities and not interconnected. If you are unable to access your account, please reach out to us, and we will guide you accordingly.
In the case of failed, expired, or rejected transactions, you will receive a confirmation via email. If a transaction fails where you use Coinify through Ledger, then Coinify is responsible for assisting you, and you can reach out us. I apologize for any confusion or inconvenience this may have caused.
We acknowledge your feedback towards the complexity of the regulatory and technological framework we operate within and are continuously working to improve our user experience. We appreciate your patience and understanding in this matter.
Thank you for your feedback. If you have any further questions or need assistance, please feel free to contact us.
Regards,
The Coinify Team
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