Coinroom Crypto Exchange Review: Transparency, Fees, and Is It Right for You?

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Deposit Method

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Fee Comparison

How Coinroom compares to other exchanges

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Deposit Fee €0.00

Trading Fee €0.00

Withdrawal Fee €1.50

How does this compare?

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Transparency Tip: Coinroom shows all fees clearly before you confirm your transaction. No hidden charges.

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 other fiat currencies. Unlike decentralized platforms where you hold your own keys, Coinroom acts as a middleman-you deposit money, they buy crypto for you, and store it in their wallets until you withdraw. It’s not as big as Binance or Coinbase, but it’s become a go-to option for people in Poland and parts of Europe who want a simple, no-nonsense way to get into crypto without getting lost in complex trading interfaces.

Why transparency matters in crypto exchanges

Most crypto exchanges hide fees in fine print. You think you’re buying $100 worth of Bitcoin, then realize you only got $94 because of hidden charges. Coinroom doesn’t do that. According to user reviews on Rotten Tomatoes from mid-2023, the platform stands out because it clearly explains fees, processes, and policies. There are no surprise charges when you withdraw or deposit. If you’re new to crypto, this alone makes it easier to trust the platform.

Transparency isn’t just nice-it’s rare. In an industry where exchanges have been fined for misleading users, Coinroom’s approach reduces anxiety. You know exactly what you’re paying. That’s why many Polish users stick with it, even when global platforms offer more coins.

How Coinroom works: Step by step

Getting started is straightforward:

Visit the Coinroom website or download the mobile app.
Create an account with your email and a strong password.
Complete KYC verification: Upload a photo ID and a selfie holding it. This takes 10-30 minutes.
Enable two-factor authentication (2FA) using an app like Google Authenticator.
Deposit euros via bank transfer or card (depending on your region).
Buy Bitcoin, Ethereum, or other supported coins with a few clicks.
Withdraw to your personal wallet or use the ATM option to get cash.

The interface is clean. No confusing charts or advanced trading tools. It’s built for buying and holding, not day trading. If you’re a beginner, this is a plus. If you’re looking to trade futures or use leverage, you’ll need another platform.

Supported cryptocurrencies and trading pairs

Coinroom doesn’t list hundreds of coins. It focuses on the big ones: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and a few others like USDT and XRP. You won’t find obscure altcoins like Shiba Inu or Dogecoin here.

This limited selection might seem like a downside, but it’s intentional. By keeping the number of coins small, Coinroom reduces technical risks and keeps fees low. You’re not paying for a marketplace full of risky tokens-you’re paying for reliability. If you want to buy Bitcoin and hold it, this is enough.

It’s also confirmed on Etherscan that Coinroom supports Ethereum-based tokens, meaning you can send and receive ERC-20 tokens directly from your Coinroom wallet.

User scans QR code at glowing ATM as crypto turns into euros with transparent fee labels.

Fees: What you actually pay

Coinroom’s fee structure is one of its strongest points. There are no hidden fees. Here’s what you’ll see:

Deposit fees: Free for bank transfers. Card deposits may have a small processing fee (usually under 2%).
Trading fees: Around 0.5%-1% per trade, depending on volume. This is lower than many European exchanges.
Withdrawal fees: Fixed and clearly listed-for example, Bitcoin withdrawals cost about €1.50.
ATM withdrawal: Coinroom partners with local ATMs in Poland. You can convert crypto to cash and get it instantly. The ATM fee is transparent and posted at the machine.

Compare that to Coinbase, which charges up to 4% for card purchases, or Binance, which hides fees behind tiered systems. Coinroom keeps it simple: you see the price before you click buy.

Security: Two-factor and KYC

Coinroom requires full KYC (Know Your Customer) verification. That means you must show your ID. This isn’t a flaw-it’s a requirement under EU law, specifically MiCA (Markets in Crypto-Assets), which came into effect in 2024. All regulated exchanges in Europe must do this.

On the security side, every account must have two-factor authentication (2FA) enabled. There’s no option to skip it. Your data is encrypted using standard TLS protocols, and user funds are stored in cold wallets (offline storage) as much as possible.

But here’s the trade-off: since Coinroom holds your keys, you’re trusting them with your assets. If their system gets hacked, you’re at risk. That’s the price of convenience. For most retail users, the security features are strong enough-but if you’re holding large amounts, consider moving crypto to a hardware wallet after purchase.

ATM withdrawals: A rare feature

Not many crypto exchanges let you turn digital money into cash with a swipe of a card. Coinroom does. Through partnerships with local Polish ATM networks, users can withdraw euros directly from their crypto balance.

This is huge for people who don’t have bank accounts, need quick cash, or just prefer physical money. You log in to the Coinroom app, select the amount, get a QR code, and scan it at a partnered ATM. The cash comes out in minutes.

It’s not available outside Poland, but for users there, it’s a game-changer. No waiting for bank transfers. No third-party services. Just crypto → cash, fast.

Who is Coinroom for?

Coinroom isn’t for everyone. Here’s who it works best for:

Polish residents who want to buy crypto with euros and withdraw cash easily.
Beginners who want a simple, transparent interface without trading jargon.
People who hate hidden fees and want to know exactly what they’re paying.
Those who don’t need 500 altcoins-just Bitcoin and Ethereum.

It’s not for:

Advanced traders who need margin, stop-loss orders, or futures.
Users outside Europe-Coinroom doesn’t support international accounts.
People who want anonymity-KYC is mandatory.

Superhero defeats 'Hidden Fees' villain with transparency shield as users celebrate.

How Coinroom compares to other exchanges

Here’s how Coinroom stacks up against two major competitors:

Coinroom vs. Binance vs. Coinbase
Feature	Coinroom	Binance	Coinbase
Region focus	Poland & Europe	Global	Global
Supported coins	10-15	500+	200+
Fiat deposit fees	Free (bank), ~2% (card)	Free (bank), 3.99% (card)	Up to 4% (card)
ATM withdrawals	Yes (Poland only)	No	No
KYC required	Yes	Yes	Yes
2FA mandatory	Yes	Yes	Yes
Best for	Simple buys, cash access	Traders, low fees	Beginners, US users

As you can see, Coinroom loses on coin variety and global reach. But it wins on simplicity and cash access. If you live in Poland and just want to buy Bitcoin without getting buried in options, Coinroom is a better fit than Binance or Coinbase.

Downsides and limitations

No exchange is perfect. Coinroom has a few clear drawbacks:

No international access-if you’re outside Poland or the EU, you can’t sign up.
Very limited advanced tools-no charting, no limit orders, no staking.
Small user base-there aren’t many reviews on Trustpilot or Reddit, so it’s hard to gauge long-term reliability.
Dependence on local ATMs-if the ATM network shuts down, you lose cash-out access.

These aren’t dealbreakers if you fit the profile. But if you’re looking for a global, feature-rich exchange, Coinroom isn’t it.

Final verdict: Should you use Coinroom?

If you’re in Poland and want to buy Bitcoin or Ethereum without worrying about hidden fees, Coinroom is one of the best options available. It’s simple, secure, and transparent-three things most crypto platforms aren’t.

The ATM feature alone makes it unique. Turning crypto into cash at a machine? That’s not something you get from Binance or Kraken. For everyday users who don’t trade daily but want to own crypto and access it as cash when needed, Coinroom delivers.

It’s not a platform for investors chasing the next moonshot coin. But if you want to buy, hold, and cash out with confidence, Coinroom does exactly what it says it will do-and it does it without the usual crypto chaos.

Frequently Asked Questions

Is Coinroom safe to use?

Yes, Coinroom is safe for retail users. It follows EU regulations like MiCA and requires KYC and 2FA. Funds are stored mostly in cold wallets, and the platform uses industry-standard encryption. However, because it’s a centralized exchange, you’re trusting them with your crypto. For large holdings, transfer to a personal hardware wallet after purchase.

Can I use Coinroom if I’m not in Poland?

No. Coinroom only accepts users with Polish or EU residency. You need a local ID and bank account to sign up. It’s not available in the U.S., Canada, Australia, or most other countries.

Does Coinroom charge hidden fees?

No. Coinroom is known for its transparent pricing. All fees-deposit, trading, and withdrawal-are clearly listed before you confirm any transaction. There are no surprise charges or dynamic fee increases.

What cryptocurrencies does Coinroom support?

Coinroom supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USDT, XRP, and a few others-around 10-15 total. It doesn’t list hundreds of altcoins, focusing instead on stable, high-demand assets.

How long do withdrawals take?

Crypto withdrawals usually take 10-30 minutes to confirm on the blockchain. Bank withdrawals (if you’re cashing out to your account) take 1-3 business days. ATM withdrawals are instant.

Can I stake crypto on Coinroom?

No. Coinroom doesn’t offer staking, yield farming, or other passive income features. It’s designed for buying and selling, not earning interest on crypto.

Is there a Coinroom app?

Yes. Coinroom has official mobile apps for iOS and Android. The app lets you buy, sell, and access ATM withdrawal codes. It’s simple, secure, and mirrors the website’s interface.

22 Comments

James Edwin
November 18, 2025 AT 16:39

I've been using Coinroom for about 6 months now. Honestly, the ATM feature is the real MVP. I bought some BTC last year and just pulled out $200 cash last week to pay for groceries. No bank delay, no fee surprises. It's like having a crypto debit card without the card.
Natalie Reichstein
November 20, 2025 AT 09:15

Transparency? Please. Every exchange hides fees if you look hard enough. Coinroom's 'clear fees' are just less obfuscated. They still make money off your ignorance. And why is everyone acting like this is revolutionary? It's basic customer service, not a miracle.
Kaitlyn Boone
November 21, 2025 AT 21:26

i used coinroom last month and honestly the kyc was the fastest ive ever done. like 12 mins. and no one asked me why i was buying btc. no weird questions. just upload id, selfie, done. no drama.
Terry Watson
November 23, 2025 AT 05:02

I love how this post makes Coinroom sound like a saint because it doesn't hide fees. But let's be real - most exchanges don't hide them anymore. The real win here is the ATM access, which is literally the only thing that makes this exchange unique in the entire crypto world. Everything else is just baseline.
Charan Kumar
November 23, 2025 AT 19:46

I am from India and I tried to sign up but it blocked me immediately. I understand it's EU only but still. Why can't they just open up for other countries? I just want to buy BTC. I don't need 500 coins. Just let me in.
Sunita Garasiya
November 25, 2025 AT 00:56

Ah yes, the classic 'simple and transparent' crypto exchange. That’s like saying your toaster is 'simple and efficient' because it doesn’t set your kitchen on fire. Groundbreaking.
Peter Mendola
November 25, 2025 AT 08:18

Coinroom’s fee structure is objectively superior to Coinbase’s. 0.5%-1% trading fee vs 4%? That’s not a comparison - that’s a massacre. And ATM access? Only one exchange in the world offers it. This isn’t marketing. It’s necessity.
taliyah trice
November 26, 2025 AT 21:19

I just bought my first bitcoin on coinroom. it was so easy. no confusing stuff. just click buy. got it. done.
Kris Young
November 28, 2025 AT 04:10

I appreciate that Coinroom requires 2FA and KYC. It’s not a flaw - it’s compliance. Most people don’t understand that regulation isn’t the enemy of crypto; reckless anonymity is. This is what responsible crypto looks like.
LaTanya Orr
November 29, 2025 AT 03:02

There’s something beautiful about an exchange that doesn’t try to be everything to everyone. It’s like a library that only stocks classics - you won’t find every book, but what’s there is well-curated and trustworthy. Coinroom is that library.
Rob Sutherland
November 30, 2025 AT 16:46

I’ve used Binance, Kraken, Coinbase - all of them. Coinroom is the only one that made me feel like I wasn’t being sold a product. It felt like a service. Maybe that’s why it’s so quiet online. People don’t shout about good experiences. They just keep using them.
Ashley Finlert
December 1, 2025 AT 21:02

The cultural implications of this platform are profound. In a world where financial systems are increasingly alienating, Coinroom offers a rare bridge: digital asset ownership, rendered accessible through the tactile ritual of cash withdrawal. It’s not just a service - it’s a cultural artifact of financial re-embodiment.
Marilyn Manriquez
December 2, 2025 AT 03:26

The fact that Coinroom adheres to MiCA regulations demonstrates a commitment to institutional integrity. This is not a fringe platform. It is a regulated financial intermediary operating within the legal framework of the European Union. To dismiss it as 'limited' is to misunderstand the value of compliance.
Jennifer Corley
December 2, 2025 AT 16:42

I’m American and I tried signing up just to see what the fuss was about. Got blocked. Then I read the whole review. And now I’m mad. Why does Europe get to have this? Why can’t we get cash-out ATMs? We’re the ones driving the crypto market. This feels like a betrayal.
neil stevenson
December 3, 2025 AT 20:57

i used coinroom for the first time last week. bought 0.02 btc. withdrew to atm. got cash. no drama. no emails. no 'we need more info'. just did it. best crypto experience i've ever had. 10/10
Lara Ross
December 4, 2025 AT 06:21

You’re underestimating the psychological safety this platform provides. For so many people, especially new users, the fear of hidden fees and confusing interfaces is paralyzing. Coinroom removes that fear. That’s not just good design - it’s emotional support.
Chris Popovec
December 5, 2025 AT 11:55

Let’s be real - Coinroom is a honeypot. They collect your KYC data, your transaction history, your biometrics. Then they sell it to the EU regulators. And the ATM machines? They’re just surveillance nodes with cash dispensers. You think you’re getting cash. You’re giving up your identity.
Mike Stadelmayer
December 7, 2025 AT 02:53

I’m not a crypto nerd. I just want to own some Bitcoin and not stress about it. Coinroom is the only app I’ve ever used where I didn’t feel like I needed a finance degree to click 'buy'. Simple, clean, quiet. I like that.
Norm Waldon
December 7, 2025 AT 17:41

This is all a psyop. The EU is using Coinroom to track every crypto user. They know who you are, how much you own, when you cash out. And they’re using this 'transparency' narrative to make you feel safe while they build a digital surveillance state. Wake up.
Leisa Mason
December 9, 2025 AT 00:56

It’s cute that people think this is revolutionary. It’s a Polish fintech startup with 12 coins and a cash machine. This isn’t innovation. It’s a niche product for people who can’t handle complexity. Congrats, you found the crypto equivalent of a flip phone.
Tim Lynch
December 10, 2025 AT 16:46

The real tragedy isn’t that Coinroom is limited - it’s that most people don’t realize how rare it is to find an exchange that doesn’t treat you like a data farm. They don’t upsell you. They don’t gamify your losses. They just let you buy and hold. That’s not boring. That’s dignity.
Lynn S
December 11, 2025 AT 19:50

I’ve seen this exact article posted 3 times on Reddit. Every time, the same group of Polish users gush about the ATM. Meanwhile, the rest of the world is building DeFi protocols and AI trading bots. Coinroom is a museum piece. Adorable. But irrelevant.