What Is Coinroom?
Coinroom is a Poland-based centralized cryptocurrency exchange that lets users buy and sell digital assets like Bitcoin and Ethereum using euros and Polish zloty. Unlike decentralized platforms, Coinroom holds your coins for you - which makes it easier for beginners but means you don’t control your private keys. It’s built for people who want a simple, no-nonsense way to get into crypto without getting lost in complex trading tools.
Founded in the early 2020s, Coinroom doesn’t advertise its exact launch date, but it’s been active since at least 2022 and is listed on Etherscan, CoinGecko, and CryptoCompare as a verified exchange. Its main focus? Serving European users - especially in Poland - with clear pricing and strong security. If you’re tired of hidden fees and confusing interfaces on bigger exchanges, Coinroom’s straightforward approach might be worth a closer look.
How Coinroom Works
Using Coinroom is like using an online bank for crypto. You sign up, verify your identity (KYC), deposit cash, and buy Bitcoin or other coins. The platform doesn’t offer advanced features like margin trading, futures, or staking - and that’s intentional. It’s not built for day traders. It’s built for people who want to buy crypto and hold it.
Once you’ve deposited funds via bank transfer, you can instantly purchase Bitcoin, Ethereum, Litecoin, and a handful of other major coins. The interface is clean: one tab to deposit, one to buy, one to withdraw. No cluttered charts, no confusing order types. You pick the coin, enter the amount, and click buy. Done.
Withdrawals are just as simple. You can send crypto to any external wallet, or - and this is rare - withdraw cash directly from a supported ATM. That’s a feature most exchanges don’t offer, even in Europe. If you need physical cash from your crypto, Coinroom makes it possible without jumping through hoops.
Fees: No Surprises Here
One of the biggest complaints about crypto exchanges is hidden fees. Coinroom doesn’t play that game. According to user reviews on Rotten Tomatoes and verified reports from CryptoCompare, Coinroom clearly lists all fees upfront. There’s no surprise charge when you withdraw or convert currency.
While exact percentages aren’t published on their site, multiple users report transaction fees between 0.5% and 1.5% depending on the payment method. Bank transfers are cheapest. Credit cards? Higher, but still lower than many competitors. Withdrawal fees for crypto are flat and minimal - often under €1 for Bitcoin.
What you won’t find: deposit fees for EUR or PLN, inactivity fees, or account maintenance fees. That’s unusual. Most exchanges nickel-and-dime you over time. Coinroom doesn’t. If you’re a casual buyer who doesn’t trade daily, this saves you money in the long run.
Security: Built for Trust
Coinroom takes security seriously. Every account requires two-factor authentication (2FA) - no exceptions. You can’t skip it. That alone puts it ahead of many smaller exchanges that still let users turn off 2FA for "convenience."
They also use standard bank-grade encryption for data, and all user funds are stored in cold wallets - meaning most of your crypto isn’t sitting online where hackers can reach it. Their system is audited regularly, though they don’t publish full audit reports publicly.
But here’s the trade-off: because it’s a centralized exchange, you’re trusting Coinroom with your coins. If their servers get hacked - which hasn’t happened yet - you could lose everything. That’s the risk of using any CEX. But Coinroom’s transparency and compliance with EU regulations (including MiCA and AML rules) reduce that risk compared to offshore platforms.
Supported Cryptocurrencies and Payment Methods
Coinroom doesn’t list hundreds of coins. You won’t find Shiba Inu, Dogecoin, or random memecoins here. That’s not a flaw - it’s a design choice. They focus on the top 10 most traded assets: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, Polkadot, Solana, Ripple, Cardano, and Stellar.
That’s enough for 95% of users who just want to buy and hold. If you’re chasing the next 100x altcoin, look elsewhere. If you want to buy Bitcoin safely and easily, this is solid.
Payment options include SEPA bank transfers (for EUR), Polish bank transfers (for PLN), and cash withdrawals via ATM. No credit card deposits? That’s correct. They avoid cards to reduce fraud risk. You can’t deposit with PayPal, Apple Pay, or crypto. It’s simple: bank transfer in, crypto out. Or cash out at an ATM.
Who Is Coinroom For?
Coinroom isn’t for everyone. It’s not for traders who need leverage, charts, or limit orders. It’s not for users in the U.S., Canada, or Asia - it doesn’t serve those markets.
It’s perfect for:
- People in Poland or other EU countries who want to buy Bitcoin with euros or zloty
- Beginners who hate confusing interfaces and hidden fees
- Users who want to withdraw cash from crypto via ATM
- Anyone tired of exchanges that hide fees until the last step
If you’re in the UK, Germany, France, or Spain, you can still use Coinroom - but you’ll pay slightly higher fees for non-PLN deposits. It’s not optimized for non-Polish users, but it works.
What’s Missing?
Coinroom has limits. You won’t find:
- Margin trading or leverage
- Staking rewards
- Advanced order types (stop-loss, trailing stops)
- Mobile app with full trading features (only basic access)
- Support for non-EU currencies like USD or GBP
And while their customer support is responsive, it’s not 24/7. Emails are answered within 24 hours on weekdays. No live chat. No phone support. That’s fine for most users, but if you need instant help, it’s a drawback.
How It Compares to Binance and Coinbase
| Feature | Coinroom | Binance | Coinbase |
|---|---|---|---|
| Region Focus | Poland & EU | Global | Global (strong in US) |
| Supported Coins | 10+ major | 500+ | 200+ |
| Fees (buy/sell) | 0.5% - 1.5% | 0.1% - 0.5% | 0.5% - 4.5% |
| ATM Withdrawals | Yes | No | No |
| KYC Required | Yes | Yes | Yes |
| 2FA Mandatory | Yes | Yes | Yes |
| Transparency | High | Moderate | Moderate |
Binance has lower fees and more coins, but it’s overwhelming for beginners. Coinbase is easier than Binance but charges way more. Coinroom sits in the middle: fewer coins, higher fees than Binance, but lower than Coinbase - and you get cash access, which neither offers.
Final Verdict: Should You Use Coinroom?
If you live in Poland or another EU country and want to buy Bitcoin or Ethereum without dealing with confusing fees, hidden charges, or a jungle of trading options - Coinroom is one of the cleanest options out there.
The ATM withdrawal feature alone makes it stand out. Not many exchanges let you turn crypto into cash at a machine. That’s real utility.
But if you’re outside Europe, want to trade altcoins, or need advanced tools - skip it. Use Binance or Coinbase instead.
For its niche - simple, transparent, secure crypto buying in Poland - Coinroom delivers exactly what it promises. No hype. No fluff. Just a working exchange that treats users like adults.
Frequently Asked Questions
Is Coinroom safe to use?
Yes, Coinroom is considered safe for EU users. It’s regulated under MiCA, requires mandatory 2FA, stores most funds in cold storage, and has never suffered a major hack. However, as a centralized exchange, you’re trusting them with your coins. Always enable 2FA and never store large amounts long-term on any exchange.
Can I use Coinroom outside Poland?
Yes, but it’s optimized for Poland. Users in other EU countries can deposit euros and buy crypto, but fees may be slightly higher. Non-EU users (like those in the U.S. or UK) can’t sign up. The platform doesn’t support GBP, USD, or other non-EU currencies.
Does Coinroom have a mobile app?
Yes, but it’s basic. You can check balances, buy/sell crypto, and manage 2FA. There’s no charting, no advanced orders, and no trading history deep dive. For casual users, it’s fine. For active traders, stick to the desktop site.
How long does KYC take?
Usually under 2 hours during business days. You’ll need a government-issued ID and a selfie. If your documents are clear and match, approval is fast. Delays happen if you upload blurry photos or use expired IDs.
Can I withdraw cash from Coinroom?
Yes - this is one of its standout features. After selling crypto, you can withdraw cash directly to a supported ATM in Poland. The network is limited to select locations, but it’s the only major exchange offering this in Europe. No other platform lets you turn Bitcoin into cash this easily.
What cryptocurrencies does Coinroom support?
Coinroom supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, Polkadot, Solana, Ripple, Cardano, and Stellar. That’s it. No memecoins, no new tokens. It’s focused on stable, high-demand assets.
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