Wall of Coins Review
- Buy 4 different cryptocurrencies with cash
- No seller fees and low buyer fees
- No verification is required
- Easy to use exchange platform marketplace
- Only payment method is USD cash deposit
- Not regulated
Wall of Coins is a simplified and decentralized peer to peer cryptocurrency exchange that facilitates the buying and selling of cryptocurrency by connecting users with each other on the Wall of Coins platform. Wall of Coins was only recently established in 2017 but has already grown to be a very popular peer to peer cryptocurrency marketplace in a number of countries. Currently, the exchange provides their services in the United States, United Kingdom, Argentina, Australia, Brazil, Canada, Germany, Latvia, Mexico, Poland, Philippines, and Romania. As well, they provide their services in 7 different languages including English, Simplified Chinese, Standard Chinese, Spanish, Cantonese, Russian, and Portuguese.
By servicing all these countries, Wall of Coins has a highly liquid marketplace that provides users with an alternative method to buying and selling cryptocurrencies than a traditional cryptocurrency exchange. Wall of Coins is not a regulated cryptocurrency exchange as it is fairly new and operates as a decentralized peer to peer cryptocurrency exchange which differs from other exchanges. Therefore, regulation is hard to come by for an exchange like Wall of Coins. As Wall of Coins is an alternative method of buying and selling cryptocurrency, is it right for you and can their services be trusted? Find out in the following review!
The exchange platform presented by Wall of Coins is not your traditional trading platform as it simply connects a buyer and seller with one another and allows them to facilitate a transaction. The platform acts as a peer to peer marketplace in which users can browse through the different sellers and choose who they want to purchase cryptocurrency from.
The way it works is; a seller lists how much and which cryptocurrency they have to sell, their minimum buy amount, and price. The buyer can browse the marketplace until they find a seller who meets their needs and then proceed to place an order. Once an order is placed, Wall of Coins will send the buyer instructions via SMS and the platform on how to complete the order for the specific seller you’re purchasing from. All orders are filled via cash deposits at a bank, and the instructions will tell the buyer which bank and the banking details for making the deposit. If the user’s location is enabled, the instructions will also show the buyer the closest qualifying bank to them. Once the seller receives the cash deposit, the cryptocurrency funds will be released to the buyer’s cryptocurrency wallet they provided. The entire process is simple and easy to follow.
Wall of Coins only supports four cryptocurrencies on their decentralized peer to peer cryptocurrency exchange platform. The four cryptos available to exchange are Bitcoin (BTC), Bitcoin Cash (BCH), PIVX (PIVX), and Dash (DASH). These cryptocurrencies cannot be exchanged for one another, they can only be bought or sold for US Dollars (USD). Wall of Coins plans to support other currencies in the future to better accommodates users from countries other than the United states.
Fees and Commission
Wall of Coins is very transparent and has no hidden fees for their users. Sellers on the exchange never incur any fees and receive the full price they sell their coins at. Buyers on the other hand do incur a small fee. Unfortunately, the fee amount is not disclosed on the Wall of Coins website, but the buyer always knows how much they are paying for the crypto they buy as the fee is incorporated into the price. Also, larger buy orders have discounted fees incorporated into them, we just don’t know by how much. All in all, we believe the fees are fairly low and reasonable.
Security and Fairness
The Wall of Coins crypto exchange may not be regulated, but they have thus far proven to be a safe, fair, and reliable exchange service. According to user reviews, Wall of Coins is very pleasant to deal with and everything operates securely and smoothly. Also, transactions are very secure as the seller must release the crypto funds they’re selling to Wall of Coins, where they are held in secure cold storage until the buyers money is received in the sellers bank account. This makes for a very safe and secure transaction process. Also, Wall of Coin buyers can remain anonymous as all payments are made with cash.
The customer support provided by Wall of Coins is phenomenal. Support representatives can be reached Monday to Saturday, 9am – 2am EST and on Sundays 9am – 5pm EST. The support methods available include email, live chat, telephone, and through their various social media channels. The support received is always very responsive and helpful making for a pleasant user experience. Additional methods of support include the websites extensive FAQ page and how to guide. All in all, customers will be quite satisfied with the level of customer support provided by Wall of Coins.
Wall of Coins is an innovative peer to peer cryptocurrency exchange that facilitates the buying and selling of cryptocurrencies via cash deposit payments. The exchange marketplace platform is very well designed and easy to use. Both beginner and experienced cryptocurrency users will find the exchange useful as they provide secure services and the ability to buy crypto with cash. The Wall of Coins customer support is very good and their fees for buying cryptocurrencies are relatively low and unnoticeable. All in all, Wall of Coins is an excellent peer to peer cryptocurrency exchange.
Wall of Coins Q&A
The following are the common questions that customers inquired about Wall of Coins.
Is Wall of Coins regulated?
No, it is not regulated.
Is Wall of Coins a scam?
No, Wall of Coins is a reputable cryptocurrency exchange with positive user reviews.
Where is Wall of Coins based?
Wall of Coins is based at Genitrust, Inc, 1800 N East Ave, Sarasota, Florida 34234, United States.