Simplecoin is an established Czech cryptocurrency exchange that has been operating since 2013, making it one of the oldest and best known on the domestic market. It offers a user-friendly interface, supports a wide range of cryptocurrencies and fiat currencies, and emphasizes security and reliability.
Simplecoin Review – Article Content
Which cryptocurrencies does Simplecoin offer?
Simplecoin is the oldest Czech online cryptocurrency exchange that has been offering reliable cryptocurrency and fiat currency exchange services since 2013. Based in Prague, the company has built a strong reputation among Czech users and has become one of the leading players in the domestic cryptocurrency market. According to Simplecoin’s website, the exchange currently offers 9 cryptocurrencies.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- XRP (formerly Ripple)
- ZCash (ZEC)
- Tether (USDT)
- USD Coin (USDC)
- Dai (DAI)
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How does buying cryptocurrencies at Simplecoin work?
Simplecoin currently allows you to purchase cryptocurrencies with two fiat currencies: the Czech Koruna (CZK) and the Euro (EUR):
Bank transfers
You choose to deposit CZK or EUR from your bank account. Simplecoin will then provide you with payment details (variable symbol and account number). The bank transfer usually takes 1-2 working days to complete.
Payment card
You deposit CZK or EUR directly from your payment card (Visa, Mastercard). The deposit takes place online and is immediately credited to your Simplecoin account.
Online payment systems:
Simplecoin allows you to deposit CZK and EUR via online payment systems such as Trustly, Sofort and Giropay. The deposit is made online and is instantly credited to your Simplecoin account.
Buying and selling cryptocurrencies in Simplecoin: Anonymous even for registered users
Buying without registration
Simplecoin offers the possibility to buy and sell cryptocurrencies without registration. This is definitely a big advantage if you only want to try the service or use it for a one-time use. The maximum limit for anonymous purchases is roughly €200/month. It is especially worthwhile for one-time purchases of smaller amounts.
Purchase with registration
Registration and identity verification for regular purchases and sales. This process involves filling in personal details, uploading 2 IDs (can also be photographed with a mobile phone), a verification payment of 1 CZK and a phone call with support.
Benefits of registration
- 5% discount off the exchange’s margin on all trades.
- Option to buy directly into your own cryptocurrency wallet (no need to connect to external apps).
- Support for DCA (regular, automated payments).
- History and reports of all orders (export to CSV, PDF).
Read also: Cryptocurrency exchange without registration is also offered by competitor Anycoin
User interface
Simplecoin’s website is clear and user-friendly, even for cryptocurrency beginners. The platform allows for easy registration, identity verification and intuitive navigation of the trading interface.
Simplecoin Customer Support
At Simplecoin, they definitely strive for maximum satisfaction of their clients. Therefore, it offers a wide range of options to contact and get support. This can be done by phone, email, through a ticket (you create a ticket in the customer section of your profile after you register. This option is ideal for more complex questions that require more time and details), through the client center in Prague (Dejvice).
Advantages of Simplecoin Czech currency exchange
- Long-term credibility: Simplecoin has been on the market for more than 10 years and has built a strong reputation as a reliable and secure exchange.
- Simplicity: The exchange is designed to be easy to use even for beginners. The process of buying and selling cryptocurrencies is fast and straightforward.
- Support for fiat currencies: Simplecoin allows you to deposit and withdraw money in Czech Crowns (CZK), Euros (EUR) and Polish Zloty (PLN).
- Wide range of cryptocurrencies: The exchange offers more than 30 different cryptocurrencies, including Bitcoin, Ethereum,Litecoin, Ripple and others.
- Low fees: The fees for trading on Simplecoin are low and transparent.
- Security: The exchange places a high emphasis on security and uses a number of security measures to protect user funds.
- Customer support: Simplecoin offers fast and responsive customer support in English.
Disadvantages
- Higher price slippage: Compared to some other exchanges, Simplecoin may have a slightly higher price slippage.
- Identity verification: Identity verification is required to buy and sell cryptocurrencies above certain limits.
- Limited features for advanced users: The exchange does not offer as many features for advanced traders, such as margin trading or futures contracts.
Overall rating
Simplecoin is an excellent choice for Czech users who want to buy and sell cryptocurrencies easily and safely. It offers a user-friendly interface, low fees and a wide range of cryptocurrencies and fiat currencies. Although it has a slightly higher price slip compared to its competitors and lacks some features for advanced users, its strengths in credibility,simplicity and security make it a good choice for beginners and experienced investors.
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