Transcoin online exchange review: user feedback
Review of the Transcoin Online Exchange: User Reviews
Transcoin is an Estonian cryptocurrency exchange with its main office located in the city of Tavala. The company’s main specialization is in exchanging fiat money for cryptocurrency. To carry out any financial transactions on transcoin.me, mandatory registration procedures in accordance with KYC principles are required. In this review, we will examine the main features of this exchange and study user reviews.
Site Review
The design of the transcoin.me website looks convenient and well-thought-out, unlike some other resources. The company has received positive feedback for the user-friendly interface. On the main page, users can quickly buy or sell cryptocurrency, as well as read reviews on the Trustpilot website.
- “Home”
- “Buy/Sell for Cash”
- “Contact Us”
- “About Us”
- Language selection (English, Russian, Lithuanian, Estonian)
- “Log In”
- “Registration”
The exchange website provides information on the process of working with clients. To conduct financial operations, it is necessary to go through the registration and identity verification process by providing the necessary documents in accordance with KYC security policy.
Registration and Verification on transcoin.me
To start working with the exchange, you need to register by providing your email address, password, and confirming your details. The verification process includes four steps: email verification, phone number confirmation (via SMS message), filling out personal information, and confirming your place of residence. According to the company, verification is done automatically and takes no more than 5 minutes.
How to Make an Exchange?
After successful registration and identity verification, users gain access to conduct financial operations. On the website, you need to select the desired payment method, specify the amount in fiat currency for the exchange, after which the system will automatically calculate the amount in cryptocurrency. Then, you need to enter the cryptocurrency wallet address, confirm the transaction, and wait for it to be processed. The exchange processing time for debit card payments is 5-30 minutes, while for other payment systems, the processing times may vary.
Supported Currencies and Payment Methods
The exchange supports a limited list of currencies and payment services. Available cryptocurrencies include: BTC, LTC, ETH, XRP. Currencies for exchange are euros and dollars. Exchanges can be made through bank transfers or Visa and Mastercard cards, as well as using payment systems like Neteller, ADVCash, Skrill.
Reviews of Transcoin
The exchange has received many positive reviews from users. Clients note fast exchange operations and full execution of transactions. However, some users express dissatisfaction due to mandatory verification and delays in fund withdrawals.
Conclusion
Transcoin is a service that facilitates the exchange of cryptocurrency with fiat money. The company operates in compliance with KYC security principles. Despite some drawbacks, the exchange has gained the trust of clients and financial activity licenses from the Estonian regulator.
Author: Ivan Andrienko