Description
UpdateCoinMKT is a US-based currency exchange which supports USD for trading between Bitcoins and other crypto currencies including Litecoin, Peercoin, Namecoin, Feathercoin, Primecoin, Worldcoin, Megacoin, and Quarkcoin.
Reviews
Write a reviewGood Experience - May 10, 2014
I use these guys all the time because it's not difficult to get my money in and out of their sight. I have exchanged $1kusd worth of LTC/BTC on their site. I get my money orders like I asked for in a good amount of time. The support they have is great they get back quick with me when I email them within a day or two. All in all I had a positive experience.
Ben Isgur - May 9, 2014
There are two weird things going on on this review page.First, the exchange went through a beta period where they were clearly poorly-equipped to handle the massive influx of customers they received. They're out of beta and wear big-boy pants now; they can handle it.
Second, one guy in particular repeatedly posts 1 star reviews. Read the reviewer names, I think he made like 5+ with names that are nearly all expletives or misspelled expletives. He also enjoys accusing CoinMKT of manipulating this review page, which I find particularly amusing given that the CEO posted a review and signed it himself. If you were planning on posting 10+ reviews on your own sites page, would you post one as yourself? I wouldn't.
In reality, CoinMKT is an excellent, AML/KYC compliant, US-based, FINCEN-registered MSB. Their volume could use improvement, but they're growing steadily now, and their Maker/Taker fee structure does a lot to improve their liquidity. I've written a more detailed review of their complete service--including a detailed breakdown of various fees, what coins they exchange, and so on. You can find it here:
http://theblogchain.com/bitcoin-exchange-reviews/coinmkt-review/
trololol - May 8, 2014
Been using the site for awhile now -- no issues.
devin - May 8, 2014
not much to add here. I haven't had a problem with the site, seems like someone has an axe to grind.
john - May 8, 2014
wire took 4 days, a little longer than expected, but the money came through and I was able to liquidate a bunch of mined ltc
notatroll - May 8, 2014
lots of trolls here, but these guys are solid
btc-e regular user - May 2, 2014
i have to agree with all the real people on this review board, that is, everyone who isn't that 5-star lliar. this website blows pineapple chunks on an empty stomach. there's literally no trade volume, am I the only one on here? withdrawing coins now. theres literally no orders besides the bullshit robot that sets the books for themselves. fucking waste of time and a completely shitty UI. go to btc-e or even coinedup has a beautifully simple interface. fuck this slow bull. fuck this empty ass facade of a trading site. hope my withdrawal proccesses.....
jonathan - April 29, 2014
sold my 4 BTC and received a money order in the mail in about a week, will use again
emester - April 7, 2014
Recently moved about 25 BTC to Coinmkt for a quick sale and to try out Coinmkt. Overall very happy with the experience. My USD withdrawal by wire transfer was processed in exactly 7 business days.They could improve some things about the site as well customer service. I think response from support take a long time because Coinmkt has grown rapidly, and they're overwhelmed given their currently small staff.
Coinmkt is legitimate, and I received my USD quickly. I will use them again.
Amateurs - April 2, 2014
Good luck withdrawing any money from this site. And good luck trading with their buggy trading platform. These guys are either scammers or just plain amateurs. Amateurs who believed that they had what it took to make a reliable exchange. I give them the benefit of the doubts, and I honestly think that they are amateurs and not scammers. Good luck using using their exchange. You will need it.
btc boy - April 2, 2014
The owner of CoinMKT is the one posting all the 5 star reviews here. This exchange sucks. Everyone who has used it knows this.
Tymat - March 28, 2014
Some issues:1. Their user interface is very buggy. If you make an error in order input (i.e. forget to put a fee) the system just eats the amount you put in. It disappears and does not show up in the open orders or in the trade history. There's no trail of you ever making the attempt to trade.
2. Forgot your password? No problem! Just request to have it sent in PLAIN TEXT to your e-mail address. Nice work, guys.
3. No support for Multi-Factor Authentication via a service like Authy or Google Authenticator. So much for "top-notch" security. It makes me wonder if any third party has even audited their security.
4. USD withdrawals seem to be disabled. You can trade but you can't even get your money out. Well what's the use of the site again?
5. 48 turnaround time for any kind of support response and sometimes they do not even respond at all.
Jimmy B - March 24, 2014
Best place to trade if you're into crypto and live in the US. Multiple currencies, great looking platform.
Wesley - March 24, 2014
Great customer service, most important part of an exchange if you ask me.
Greg - March 18, 2014
I like these guys. Haven't used for a long time, definitely don't think they're scammers. We'll see, but pretty good so far.
Jonathan - March 18, 2014
Solid & trustworthy team, love the product
Lolz - March 18, 2014
What the fuck is that guy talking about, stop being a troll and hating on great exchanges
Damnit - March 18, 2014
Look at what this scammer wrote: "Willem - March 17, 2014
Much Doge. Such Volume. Wow."
The site itself disabled Dogecoin trading before March 18, 2014. But on March 17 someone already saw much Dogecoin and started praising for its volume without any pretence? Poor scammer. A real joke.
I hereon remind anyone who want to deposit: withdrawal hasn't been working for a long time. You will lost all your money and coins there!!!
Willem - March 17, 2014
Much Doge. Such Volume. Wow.
Peter - March 13, 2014
Best exchange in the US, hands down. Prompt with service, great peercoin market, I'm fairly new to the exchange, but have only had great experiences over the last couple of months.
593 reviews 
