Topic: Have anyone used coinplaza.it recently? (Read 195 times)

Seems you are right. I just have logged in to check out and found the limit is 250 EURO. It's because I have submitted level 2 KYC with some random info as that doesn't require any verification.
I didn't check with logged in mode earlier, it created a lot of confusion.

Nope, using SEPA is almost the same as KYC. I like my privacy.

Have you ever tried exchanging Bitcoin Lightning Network to Euro sepa with Coinplaza?
I registered test account with temp email, and it first asked me to accept cookies before doing that, than I had to accept all of their terms.
Now I see there is 3 level of verification and for exchanging to Euro sepa they ask me to complete Level 2 verification, even for 50 euros.





This 10k and 20k limits is fake and it's probably some poor tactics to lure new customers 

For Bitcoin to euro, my limit is €100. But when I'm not logged in, the limit is €10,000 (and €20,000 for crypto to crypto). But I can't do anything without logging in, so maybe they show the limit they'll have after full KYC.

I never used Coinplaza for exchanging coins or fait currencies, but it's interesting that I am getting 10,000 euros limit for exchanging Bitcoin to Euro sepa account, and I don't know how that is possible.
For exchanging crypto currencies I am getting higher limits like you did, up to 20,000 euros, for example exchanging ethereum for Bitcoin.
I am not finding Coinplaza anywhere on kycnot.me website so I would be careful exchanging larger amount of coins, but having more options without kyc should be a good thing.
There is option of increasing limits, probably with kyc registration, so there is option they could ask the same thing anytime.

When I first used CoinPlaza, the limit was €100/day without KYC. Later, they changed it to €500/month, which I think was an improvement. But somewhere this year, they changed it to €50/month and it's still stuck there for me. That's not even enough to reach the minimum for some of the coins.
I last used this exchange half a year ago.

That fee change made sense, on small transactions they paid more in on-chain transaction fees than the 1% margin they have on the exchange.

I always recommend to only use instant exchangers for small amounts. Make many small transactions if needed, instead of sending one big one. If they freeze your funds, at least your losses are limited.

I haven't used coinplaza.it for a *long* time (probably pre-covid), so my information is a little out of date.

coinplaza.it had a minimum transaction amount, and I vaguely recall they had an upper limit which you could increase by providing KYC information (photo of yourself, drivers licence etc)  I did try a couple of times to get myself verified (not because I wanted to transact large amounts, but because I was interested in what process they used (part automated, part upload photos) - but as far as I'm concerned, they failed to follow through on their side with the verification).

From memory there were three tiers of verification email was tier one which I completed and this bumped up the amount from (um ??) $100 to (another um ) $500 (could have been $1000)

At one point when the block chain TX's were clogging the system, coinplaza.it bumped up their TX fees from a flat rate to a more expensive amount.  I recall @LoyceV being a part of that conversation.

I have a Zap LN wallet and have an open channel to coinplaza.it as with the channels to achow101 and bc.game bitmax and lnurl-pay.me none of the channels have budged for about 18 months now (by budged, I'm meaning the abacus shifting of values back and forth - they did shit around or a while, now it doesn't matter how long I keep the Zap LN wallet open, they don't move.

I came across coinplaza.it when I was opening up a multitude of LN channels on my first Eclair Android Wallet - I'd open up a channel with e.g. 0.0025 shift 0.002 through coinplaza.it back to bitcoin, open another LN channel on Eclair shift funds, rinse and repeat.  I had around 20 LN channels open and active that way.  Unfortunately a lot of channels then hid behind the veil of onion and so were uncontactable to Eclair (but showing as very active on 1ml.com ) and the channels closed one by one.

The Eclair wallet itself is being retired and their *cough* suggested replacement Phoenix I find unacceptable as it requires you to open channels to just their own nodes and any blockchain coins get used to open even more channels.  You can't set TX fees to one satoshi and surprise, surprise ... guess which node your TX goes through?

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Every time I did use coinplaza.it they were quick.  VERY quick.  By doing some small LN to BTC swaps I could see their BTC were coming out of the same wallet.  IIRC I also swapped for DOGE and Tron at one point without any issues.

I've never been spamed by them either.

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Yeh, I dunno.  As I said above their non verified amount was quite low and just doing email verification was enough for my needs to essentially test the LN wallet (PC and Android) and the DOGE android wallet.

Back then, their daily limit was somewhere around 100 EURO to 200 EURO as I mentioned in the OP but now, it has turned into 20000 EURO as I can see on their website. That's why I'm a bit confused. What make them suddenly increase the limit by at least 100x.

Yeah, I wouldn't dare to have bigger amount of exchange. It seems risky, their representative isn't active for a year.

It looks like it's too risky to exchange on that site due to anti-money laundering and a few terms under their TOS related to verification.

Maybe you can exchange small amounts but not good for big amounts I'm sure if you are going to exchange big amounts they are going to ask for KYC verification due to Anti-money laundering and if you fail to verify I don't know if you can get refunded.

Here check their legal disclaimer here https://www.coinplaza.it/legaldisclaimers

@Little Mouse, after I saw about the CoinPlaza.it exchange linked by @ETFbitcoin, it seems @Timelord2067 understands more about the CoinPlaza.it exchange, as said below.


I'm 90% sure @Timelord2067 understands CoinPlaza.it, but haven't you already discussed it in their thread: https://bitcointalksearch.org/topic/m.55127566, I also saw @CoinPlazaIt answered your question in their thread.

For bigger amounts, I'd say you should at least be prepared for KYC or possibly lose the money. It's still a CEX and the higher the amount, the higher chance it'd be noticed. If you can, try to split the swaps into smaller pieces.

or you can look if there are better alternative for your use case first.

Yes, the exchange in the subject was vouched for by a reputable member of this forum but the recommendation posted 12 months ago cant be used to judge the current situation of a cryptocurrency related establishment especially now that a lot of good cryptocurrency businesses are going from good to bad.
My advice is this, check if there's a review about the exchange on https://kycnot.me/ if not. I will recommend you select a reputable no-KYC exchange from their list since they always do some reviews on their exchange list.

Never used, did they not send you any notifications? I see they need email information to use the service. I think you should subscribe to email notifications in the future as they don't have social media accounts. For me I have to put the concern every time I use this service if without reference to the conditions.

I have used this exchange a few times but have never used it for a bigger amount as I said in the OP. They have increased the limit which is making a concern, I have never seen such a service offer such a high limit without KYC. They claim themself a non-custodial too but that's funny lol.

Their representative has been active since February 2021, I think it's not going to work since they are not active here. If I can remember correctly, I tried to contact them last year but sadly got no response.

Instant Exchanges are designed to make quick transactions for small amounts. There is no sense in raising the daily maximum to 20,000 euros. Maybe the point is what he can use for various operations throughout the day. Anyway, the number is huge.
Advice to everyone not to use these platforms to exchange large sums of money. There are no guarantees that the platform will not freeze the amount or request files to prove identity. Coinplaza has been in operation for years and I have not heard any complaints about it. I used it many times in the past but left it after the high transfer fees.

I am guessing it is an instant exchange? Do not trust instant exchanges, they can collect your coins and seize it at their own will, requiring you to be verifited. You may not see this coming because you may not be involved in illegal dealings but yet anyone can send you a tainted coin. Be expecting KYC at anytime if you are using an instant exchange.

I was using coinplaza a few times last year. If I can remember correctly, I have seen the maximum daily limit without KYC back in the days when I used was around 100 EURO or a maximum of 200 EURO even if I'm wrong with my 1st guess. But today, when I went to exchange a little amount of BTC for USDT, I just noticed the limit is 20000 EURO a day without KYC. Since when they changed this? Do you think it's trusted enough to have a big amount of exchange here? Have you used it recently, if yes, what was the maximum amount you exchanged here?