VASPCheck
CoinW logo

CoinW

Not licensedNo EU authorizationESMA register

CoinW Ltd

Exchange🇸🇨 Seychelles Founded 2017coinw.com
Visit website
Last reviewed
2026-07-31

Compliance snapshot

  • No EU, UK or US exchange authorization disclosed
  • Seychelles operator with regional marketing entities
  • Trustpilot 2.8/5 · 660 reviews
  • Volume concentrated in incentivised derivatives campaigns
Overall concern
High concern

Offshore venue with thin licensing, heavy reliance on incentive-driven volume and no authorization in any tier-one jurisdiction.

Regulatory

Licenses & registrations

  • 🇸🇨 Seychelles
    Registered
    VASP registration
    Financial Services Authority SeychellesFSCA
    VASP-SC-2022-0972022-09-06
    Verify at source
  • 🇺🇸 United States
    Registered
    MSB registration
    Financial Crimes Enforcement NetworkFinCEN
    31000-2211-33522022-11-22
    Verify at source
User signals

Reputation

Trustpilot-style score
2.8/ 5
2.8
660 reviews
Declining (12m)
App ratings
App Store
3.9
Google Play
3.5
Press sentiment (12m)
Positive2
Neutral3
Negative5
Media

Recent press

  • 2026-05-29
    CoinW extends trading competitionsNeutral

    CoinDesk — Incentive campaigns continued to drive reported turnover.

  • 2026-02-10
    Analysts question incentive-led volumesNegative

    Reuters — Reported turnover fell sharply after campaigns ended.

  • 2025-11-07
    Exchange adds withdrawal controlsPositive

    Bloomberg — Whitelisting and delay windows were introduced.

  • 2025-08-13
    Offshore venues face marketing curbsNegative

    Financial Times — Regulators restated restrictions on unlicensed promotion.

  • 2025-04-03
    CoinW opens regional support hubsNeutral

    CoinDesk — Customer service coverage was expanded.

History

Incidents & enforcement

  1. 2025-08-13Enforcement

    Public warning by a European supervisor over unauthorized promotion to retail clients.

  2. 2024-04-19Outage

    Withdrawal queue backlog of roughly nine hours during peak volatility.