Official registration as cryptocurrency provider and Payment Institution License
Prasos, a cryptocurrency broker running the Coinmotion service, is the first company in Europe to get the payment institution license and registration as a virtual currency service provider. The Finnish Financial Supervisory Authority has granted this license and registration to the company after various auditions and security controls.
Media visibility in the industry’s main newsfeeds
We have attracted the attention of both Finnish and international media.The industry’s biggest media actors such as Coindesk, Cointelegraph and Europa Press, have contacted us for their interest in our continuous achievements in the cryptocurrency markets that only few companies have reached.
Security and privacy
We have gathered an extensive experience of 8 years in secure storage of cryptocurrencies. Our security policies are extremely developed and of high quality as we are one of the oldest companies in the world providing bitcoin investment services. Most of our customers’ funds are stored in so-called cold wallets that are impossible for hackers to enter.
Using our services, you don’t have to worry about the privacy of your personal data. However, on the grounds of the Finnish law we are of course liable to give information to public authorities for issues related to taxation and possible criminal investigations.
Easy payment methods
You can buy bitcoins with your credit card, debit card or by bank transfers. Payments made with credit- and debit cards are instant, whereas international bank transfers have some delay. In addition, we offer instant SOFORT banking for certain countries, and instant Paytrail- and S-Pankki payments for our Finnish customers.
Fast processing of the payments
The incoming deposits are processed very fast whereas selling and buying of bitcoin, ethereum, XRP, stellar and litecoin is instant. You can send and receive euros and cryptocurrencies to other Coinmotion accounts instantly and without commission fees.
How to buy bitcoins in Coinmotion?
1) Open an account
You only need a few minutes to register. We’ll make sure your personal data is kept safe.
2) Verify your account
To protect you against identity thefts, we need to verify your account with the help of a few documents to make sure it’s really you.
3) Buy bitcoins
Deposit money into your account and start buying bitcoins in a secure way.
Before acquiring any cryptocurrency, it’s important that you know its market value. We recommend you to keep updated of Bitcoins value in real time to make better decisions on your purchases and sales.
Where can I buy bitcoins?
Our platform is a viable and secure option which enables you to buy different types of cryptocurrencies, for example bitcoins, litecoins, ethereums, ripples (XRP) and stellar lumens. These currencies are in the top 10 of the most popular cryptocurrencies in the world. Please notice that our platform does not support Bitcoin Cash.
We want our platform to be accessible to as many people as possible, for which we offer a diverse selection of payment methods. These are:
- SEPA Bank Transfers: the Single Euro Payments Area includes all 28 EU countries as well as Iceland, Liechtenstein, Norway and Switzerland.
- Credit- and debit cards: an easy, straightforward and secure option to buy bitcoins and other cryptocurrencies.
- SOFORT Banking: an instant online payment method available in Germany, Austria, The Netherlands, Switzerland, Italy, Spain, Belgium and Poland. Works with most consumer banks from these countries.
- Instant payments with S-pankki: an instant online payment method only available in Finland.
Payment methods for buying and selling bitcoins
The most straightforward way to buy bitcoins is with your debit- or credit card as it is fast an easy. We accept a variety of cards, for example VISA, Mastercard, and American Express, just to name a few. This payment method has its main benefit in instant deposits, whereby you may purchase BTCs immediately.
As another option for your purchases, you may buy bitcoins with bank transfers inside the SEPA area. SEPA is an abbreviation for Single Euro Payments Area, which allows both national and international transfers between the SEPA countries. Depending on your bank, international transfers take from 1 to 5 business days.
The European Central Bank (ECB) defines business day as any other day except for Saturday, Sunday and certain holidays. Also take into account that every bank processes their payments inside certain operating hours. Get familiar with your bank and their ways of operating to be sure how your transfers are being processed.
Urgent bank transfers in 10 seconds
If you don’t have the time to wait for your bank to process your payment, I’d recommend you to use instant bank transfers. The advantage of this option is its speed as the transfer takes only 10 to 20 seconds. This service is called SEPA Instant Credit Transfer (SCT Inst).
Some banks offer this service to their customers for free, whereas others may require a small fee for it. This fee might be a percentage of your payment, some fixed amount of money, or a combination of these two. If you’re wondering if this payment method is the best for you, please consult your bank to see their conditions on SCT Inst.Different tools and options for buying cryptocurrencies
There are various different platforms that offer services of buying and selling bitcoins in an easy way with various payment methods. However, Coinmotion is one of the few platforms that offer the basic tools of trading any currency.
With the limit order feature you can establish a certain price with which you want to buy or sell bitcoins. You can maximize profits on your bitcoin investments by activating the automatic buying and selling processes.
Use this option to protect yourself from steep falls of the market price, or to enjoy the upward tendencies of the market value.
The next step would be to be able to manage these trading orders through a mobile app that would be available for Android and iOS. We’re making research on the issue so that in the future you could download the app to your Android devices from Google Play or from App Store to your iPhone and iPad.
Situation in cryptomarkets
Cryptocurrencies are still a relatively new phenomena in the economy, as the oldest crypto Bitcoin has existed only a bit over 10 years. However, during these ten years bitcoin has achieved big goals and gained such an extensive popularity many of us couldn’t have even dreamed of. During the decade of 2010 bitcoin made the most profit as an investment instrument in comparison to all traditional investment products.
When the second decade of bitcoin was about to start, its value was close to 7000 USD. If bitcoin gains itself a significant role as governments’ reserve currency and as an investment product of big companies, the value of one bitcoin might rise thousands of percents in the following years, as has happened in the past. In the spring 2020 we will witness yet another halving of the amount of bitcoins created, which in itself creates pressure for the prices to start rising. Bitcoin has a built-in feature which halves the amount of the new bitcoins created once every four years, which has historically meant a strong increase in the prices. The future, and especially the spring, of bitcoin in 2020 surely looks interesting and undoubtedly brings new opportunities to the bitcoin community.
Coinmotion’s advantages for an investor
Our cryptocurrency exchange, makes it possible to invest in the most known cryptocurrencies. Let’s look at a few characteristics of our platform that separate Coinmotion from other trading platforms:
- Coinmotion is the third operator in Europe with the Payment Institution License. This means we have passed multiple security audits, which endorses the security of our services.
- Over 80% of our customers think our platform is customer-friendly and easy to use.
- You can reach our customer service quickly. We’ll make sure your experience with us meets your expectations.
- You can operate fast all the way from registration to trading. This is essential as the prices of cryptocurrencies are constantly changing. The faster the transactions, the better.
- We offer discounts on our commission fees starting from 500€
- Our platform offers extra security against cyber criminals, thanks to the technology and expertise of our staff that keeps the investments of our clients safe.
Available Fintech services
In addition to the features mentioned before, here’s a list of all the rest of the services Coinmotion offers you that help you with your transactions.
We can validate deposits made with bank transfers before they arrive to our end. The preapproved deposits allow you to purchase bitcoins instantly without the delays of international transfers.
To investments more than 10,000€, we offer exclusive and personalized banking services for guarding, purchasing and selling bitcoins. If you need more information on our private banking services, you can contact us by [email protected]
Discounts by volume
We offer competitive discounts starting from transfers greater than 500€. The more you’ll trade in 90 days, the less you need to pay commission fees.
Our customers have an option to store their cryptocurrencies in a high-security vault system that enables you to protect all of the cryptos purchased. The vault service requires a verification by email or SMS for each transaction.
For an extra amount of security, you must select a time window during which it is not possible for anyone to withdraw the cryptos from the vault. The time established can be a minimum of 12 hours and a maximum of 30 days, and it is decided solely by you.
Monthly saving plan
Our monthly saving feature is an easy way to create a savings account of crypto currencies which keeps increasing in value without you even noticing it. You’ll see how easy the usage of this feature is, starting from the filling in the information needed for the saving plan.
To make a saving plan, you start with establishing the amount of euros and the date on which you’d like to buy bitcoins or other cryptocurrencies and we’ll automatically manage the operation for you every month. Just make sure you have the needed amount of euros in your account.
Depending on the amount of euros you deposit each month, you will automatically get the same amount of bitcoins to your account. The measures of bitcoin units are: satoshis, microBitcoin (μBTC), milliBitcoin (mBTC), centiBitcoin (cBTC) and deciBitcoin (dBTC).
Of course you don’t have to only buy bitcoins, rather you can set a porcentual division between all the crypto currencies we offer according to which cryptos will be bought with your monthly deposit. You can mix match your plan with Bitcoin, Ethereum, XRP Ripple, Litecoin and Stellar Lumen.