Learn more about TU’s methodology
- N/A
- Web platform
- OTC desk
- CoinFlip Crypto Wallet mobile app
- CoinFlip ATMs
- FinCEN
- Instant buying and selling of cryptocurrencies at market price through ATMs, OTC desk operations, trading without leverage, passive income on cryptocurrencies through CoinFlip Preferred
Our Evaluation of CoinFlip
Learn more about TU’s methodology
CoinFlip is a high-risk cryptocurrency exchange with the TU Overall Score of 2.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinFlip clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
How we tested CoinFlip
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at CoinFlip
CoinFlip is a global fintech platform operated by GPD Holdings LLC in the United States. It has been active since 2015 and focuses on cryptocurrency access through a network of Bitcoin ATMs, the OTC service CoinFlip Preferred, and the CoinFlip Crypto Wallet mobile wallet. The company manages more than 5,500 crypto ATMs across 49 U.S. states, as well as in Canada, Australia, New Zealand, South Africa, Italy, Panama, Mexico, Brazil, and Spain. CoinFlip enables users to buy and sell Bitcoin and other major cryptocurrencies for cash through ATMs and via bank transfers such as wire, ACH, and Interac in Canada. It also offers a noncustodial CoinFlip Crypto Wallet for iOS and Android. GPD Holdings LLC is registered with FinCEN as a Money Services Business, MSB No. 31000291840717.
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We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
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- A large global network of Bitcoin ATMs that covers most U.S. states and several international locations.
- The ability to buy and sell cryptocurrencies for cash and through multiple bank transfer methods.
- A proprietary noncustodial CoinFlip Crypto Wallet integrated with the global ATM network.
- The OTC service CoinFlip Preferred, which provides personal assistance and passive income opportunities through crypto strategies offered in partnership with Exponential.fi.
- Round-the-clock customer support and detailed FAQs on ATM use, fees, and limits.
- Fees at CoinFlip ATMs are high, averaging from 4.99% to 21.9% plus a network fee.
- Available coins and supported transaction types depend on the specific ATM and jurisdiction, and the asset list varies by location.
- Classic exchange tools such as margin trading and derivatives are not available.
TU Expert Verdict
Chief Analytics Officer
CoinFlip offers access to trading Bitcoin, Ethereum, and major cryptocurrencies through a network of more than 5,500 ATMs across the U.S. and in several international locations, as well as an OTC desk and a proprietary mobile wallet. Users can buy or sell crypto for cash or via bank transfers including wire, ACH, and Interac. All transactions are processed instantly at market price, with no leverage, and the CoinFlip Preferred OTC service also enables passive income strategies in partnership with Exponential.fi. CoinFlip is registered with FinCEN as a Money Services Business and requires mandatory KYC verification.
Notable drawbacks include high ATM fees ranging from 4.99% to 21.9% plus network fees, a limited selection of supported cryptocurrencies and transaction types depending on location, and the absence of margin trading, derivatives, or classic order book features. Since CoinFlip is not Tier-1 regulated and lacks an investor protection fund, it may not be suitable for advanced traders or users seeking strong regulatory protection or broad market features.
CoinFlip Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform, OTC desk, CoinFlip Crypto Wallet mobile app (Android, iOS), CoinFlip ATMs |
|---|---|
| 📊 Accounts: | CoinFlip Account |
| 💰 Account currency: | Fiat currencies, cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cash through ATMs, bank transfers (Wire, ACH, Interac), bank cards |
| 🚀 Minimum deposit: | N/A |
| ⚖️ Leverage: | None |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | N/A |
| 💱 Commission: | No |
| 🔧 Instruments: | Stablecoins, Bitcoin, Ethereum, Litecoin, Dogecoin, Solana, and other cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Instant buying and selling of cryptocurrencies at market price through ATMs, OTC desk operations, trading without leverage, passive income on cryptocurrencies through CoinFlip Preferred |
| 🎁 Contests and bonuses: | Yes |
CoinFlip does not offer classic cryptocurrency instruments such as an order book, margin trading, or derivatives. It focuses on simple fiat to crypto transactions. CoinFlip is primarily intended for users who want to buy or sell cryptocurrency quickly and easily for cash or through bank transfers without using a complex exchange interface.
CoinFlip Key Parameters Evaluation
Regulation and Safety
With a 6.75/10 score, CoinFlip demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- 2FA
- U.S-regulated
- Government-regulated
- Cold wallet storage
- Not tier-1 regulated
- No investor protection fund
- No facial recognition
CoinFlip Security Factors
We also compared CoinFlip against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| CoinFlip | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is CoinFlip a regulated crypto exchange?
CoinFlip is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Is verification (KYC) mandatory at CoinFlip?
Yes, KYC verification is mandatory at CoinFlip. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is CoinFlip available in the USA?
Yes, CoinFlip is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
CoinFlip commissions and fees
CoinFlip received a 7/10 score for its trading fees. While CoinFlip is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are CoinFlip trading fees?
We analyzed CoinFlip’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
CoinFlip trading fees vs competitors
| CoinFlip | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | Not supported | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | Not supported | 0.22 | 0.2 | 0.194 |
What are CoinFlip deposit and withdrawal fees?
| Deposit fee, % | Varies by ATM |
| Withdrawal fee, % | Depends on service |
Does CoinFlip offer P2P trading?
No, CoinFlip does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
CoinFlip received a 5.5/10 rating for its deposit and withdrawal services. While CoinFlip covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- No PayPal option
- No P2P transfer option
Deposit and withdrawal options
CoinFlip supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
CoinFlip Deposit and withdrawal options vs competitors
| CoinFlip | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is CoinFlip minimum deposit?
The minimum deposit at CoinFlip is - USD/USDT or - BTC. The minimum trade size is - USD/USDT, which also serves as the minimum amount required to start trading on the platform.
CoinFlip minimum deposit vs competitors
| CoinFlip | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | - | 10 | 10 |
| Minimum deposit, BTC | - | 1 | 1 |
| Minimum trade amount, USD/USDT | - | 1 | 2 |
Does CoinFlip support fiat money?
CoinFlip supports fiat currency trading and account funding. The following fiat currencies are accepted:
Contacts
| Foundation date | 2015 |
|---|---|
| Registration address | 433 W. Van Buren Street, Suite 1050N, Chicago, IL 60607, USA |
| Regulation |
FinCEN
Licence number: 31000291840717 |
| Official site | https://coinflip.tech/ |
| Contacts |
(773) 800-0106
|
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