Company Information

Get to know Coinflash

Coinflash was a financial technology application launched in 2017. Its service was modeled after popular spare-change investment apps like Acorns. The platform worked by connecting to a user's credit or debit card accounts, rounding up each purchase to the nearest dollar, and then automatically using the accumulated "spare change" to purchase cryptocurrency on the user's behalf. The service required users to have a Coinbase account, as it used Coinbase's API to execute the crypto purchases. In May 2018, Coinflash announced its shutdown, citing changes in Coinbase's API policy that made their business model unsustainable.

Industry

Crypto BrokerPRIMARY
Financial Other Service

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Coinflash

United States

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.