Introduction
COINS by CoinPaprika is a versatile cryptocurrency application designed for seamless trading, storage, and management of digital assets. This guide covers its features, security protocols, fees, and FAQs to enhance your user experience.
Supported Cryptocurrencies
Purchasable Cryptocurrencies with Fiat
COINS partners with multiple providers to facilitate fiat-to-crypto transactions. Supported assets include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
(For a full list, refer to provider-specific links in the FAQ.)
Exchangeable Cryptocurrencies
Users can swap between major cryptocurrencies like BTC, ETH, and stablecoins (e.g., USDT).
Wallet Security & Management
Non-Custodial Wallet
COINS employs a non-custodial model, meaning:
- Users control their private keys via a 12/24-word recovery phrase.
- The app never stores seed phrases or private keys.
👉 Learn more about wallet security
Key Features
- Biometric Authentication: Required for transactions.
- Recovery Phrase: Sole method to restore wallets.
Fees & Limits
Fiat Purchase Fees
| Provider | Fee Structure | Minimum Fee |
|----------------|------------------------|-------------------|
| MoonPay | 6.5% | €5.99 |
| Ramp | 1.99%–4.99% | €1.49 |
| Wyre | 4.9%–5.9% + $0.30 | $5 |
Exchange Fees
- Typically 0%–0.49% + blockchain network fees.
FAQs
1. What happens if I lose my recovery phrase?
Without the phrase, access to funds is irrecoverable. Always back it up securely.
2. Which countries support fiat purchases?
MoonPay, Ramp, and Wyre have region-specific lists. Check their official sites for details.
3. How do I restore my wallet on a new device?
Enter your recovery phrase in any BIP39-compatible wallet (e.g., Trust Wallet).
Troubleshooting
Common Issues
- ETH Token Swaps: Ensure sufficient ETH for gas fees.
- BTC Address Errors: COINS uses SegWit (bc1) addresses. Confirm sender compatibility.
- XRP Reserve: 20 XRP is locked for address activation.
Conclusion
COINS offers a secure, user-centric platform for crypto transactions. Always backup recovery phrases and verify provider policies for smooth operations.
For further assistance, consult the official support page.