Coingi Crypto Exchange - Volume, Market Prices & Listings, Trading Pairs | Nomics
Day

Quote Currency:

USD
Transparency Rating
Total Volume
Volume Change
Markets
Fiat Currencies3

What is Coingi? A Coingi Review from Nomics

Transparency Rating
Total Volume
Volume Change
Markets
Fiat Currencies3

Coingi describes itself as “a platform for individuals interested in buying and selling Bitcoin and other currencies.” Unfortunately, this is the only information regarding the exchange. Coingi’s website doesn’t provide any details about the date of establishment, the team behind the platform, the operating company, its address, or the regulations it complies with. Judging by the limited information on its website, Coingi is a centralized cryptocurrency exchange. The only reference to the date of the establishment can be found in Coingi’s Twitter page. According to the information there, the platform was founded in 2014. The information from third-party sources regarding the origin of the business varies. Some point out to the Czech Republic, while others mention Panama. However, it is worth noting that Coingi relies on the Czech FIO Banka to handle SEPA transfers, which increases the chance of the exchange originating from the Czech Republic.

One of the more concerning facts is related to Coingi’s “Terms and Conditions”. In the information there, the exchange refers to itself and the operating company as “the operator.” There is no mention of the name, address, or registry number of a real business entity or an organization. Unfortunately, the company doesn’t have a LinkedIn page either, which restricts us from tracking down the founders and the team behind the project.

The disturbing fact here is that, although the platform doesn’t state who the operator is, it makes it clear that it can request from clients personal information, such as names, date of birth, residential address, banking details, a copy of an ID card, a passport, or a driving license, a copy of a utility bill or bank statement, an e-mail address, and a telephone number. This should serve as a red flag for investors, considering passing sensitive personal information to an unverified service provider with an unknown origin and history.

At the time of this writing, the platform is available in more than 20 languages and is open to users from all around the world, which is something rare in the world of cryptocurrency exchanges.

On the main page of its website, Coingi describes its system as “resistant to drop outs and state restriction.” According to the exchange’s team, the reasons for that are the decentralized servers, the independence from states, the full autonomy, and the design that allows the system to bear high loads. Due to the nature of this claim, it is hard to confirm or deny it.

Coingi’s FAQ page doesn’t offer much meaningful information as well. The most important topic – security, is handled exceptionally poorly. The answer to the question regarding how safe it is to use the platform is copied and is precisely the same as the one of other shady exchanges, such as Blockfills, QuickBit, CRONEX, Bitstamp, BTCsquare, and others. From the FAQ page, it becomes clear that the exchange employs two-factor authentication.

Coingi’s customer service is also very limited. At the time of this writing, the only supported channel is email.

At the time of this writing, the exchange’s online reputation is firmly negative. There are several threads on Bitcointalk and Reddit where users try to expose the founder of the project, which, according to their information, is a guy named Joshua Zipkin. Zipkin’s LinkedIn profile doesn’t refer to any previous cryptocurrency- or blockchain-related experience. However, numerous accusations against him can be found in official articles and forum threads online. Joshua Zipkin is accused of stealing funds via his previous projects such as AMT Miners (a mining service company). He is also accused of gathering a team to hack Bitcointalk, with transcripts from his chats available online.

Read More
Get cash in 45+ currencies using crypto as collateral without selling it. Secured by crypto custodian insurance.Explore Nexo >>

Coingi Market Highlights

Coingi is a cryptoasset exchange located in Czech Republic. Their volume over the last 24 hours is $0.00000000. The exchange is rated "D" which means "Poor." They allow trading with the following fiat currencies: CZK, EUR, and USD.

© 2019 Nomics™ | All Rights Reserved

Terms | Privacy