CoinmetroI‘m new to crypto!

Is Coinmetro Safe?

by Kamil S


Is Coinmetro safe?  Coinmetro is a financial institution that understands the power of blockchain and crypto and the benefits they have in delivering true access to every person in the world. We are actively working with regulators in a number of jurisdictions to further improve the industry’s regulatory framework. Why?

One of the main challenges of the virtual currency sector is anonymity, which leads to many users feeling unpunished and acting irresponsibly. It’s true that anonymity and decentralization are at the core of the crypto industry, but supporting the unregulated approach vehemently can be compared to the hand that feeds illicit activity.

Being a fully-licensed fintech company, we’ve always been regulation-driven, seeking legitimacy and successfully representing it. We are convinced that regulation will give cryptocurrencies an air of legitimacy and will open many more doors that for now remain closed.

Is Coinmetro Regulated?

Is Coinmetro safe? Regulation defines Coinmetro – let’s have a closer look at how we are different.


To give licensing more perspective, it is worth noting that obtaining a license for a fintech company is a time-consuming and resource-intensive process that can take up months of detailed paperwork and auditing.

So far, Coinmetro has obtained two crucial licenses. The one from the Estonian Financial Intelligence Unit was obtained to provide digital currency to fiat exchange services as well as digital currency wallet services. Coinmetro has also been granted an Electronic Money Institution license by the Bank of Lithuania.

But we didn’t stop there. Coinmetro has been licensed by the Estonian Register of Economic Activitiesthe US Financial Crimes Enforcement Network, and the Australian Transaction Reports and Analysis Centre.

Up next, we are planning to obtain further licensing to be able to provide an even wider range of products and services. Stay tuned for big announcements!

Verification Practices

Verification procedures are an integral part of our daily operations. These include AML, CTF, KYC, and KYT.

What are the verification processes for?

The verification processes offer transparency and are keeping our customers safe by preventing identity theft and financial crime. A verification check allows us to better know who we are doing business with and manage risks accordingly.

Equally important, a digital exchange with established verification procedures has a greater potential to successfully collaborate with the banking sector. You might be wondering why is that a good idea, if the crypto industry is focused around decentralization?

As a matter of fact, many digital exchanges are struggling to get a bank account to simplify global financial operations. Banks, in turn, are struggling to trust digital exchanges in terms of KYC and AML. This is where verification practices and transparency come into play and are so important.

Now, what are AML, CTF, KYC, and KYT exactly?

Anti Money Laundering (AML)

AML is the practice of ensuring that no assets are being obtained illegally or that illegally obtained assets are not transferred through our products and services. AML practices concern all cases where any kind of assets are obtained illegally or where the true origin of an asset is hidden or concealed and used. This also includes the avoidance of taxes.

Counter Terrorism Funding (CTF)

CTF is a set of regulations and procedures that will guarantee to make it nearly impossible to use assets from transactions to fund terrorism or travel for the purposes of terrorism.

Know Your Customer (KYC)

KYC is a widely applied practice, and your friend. In essence, it’s a set of internal rules and procedures meant to verify users’ identity, the purpose for the business relationship (why you want to open up your account) and the origin of the user´s funds to assess the potential risks involved with creating and maintaining a business relationship.

Know Your Transaction (KYT)

KYT is a set of internal rules and procedures set up to have a clear point of reference on where the assets for a transaction and the transaction came from or where those are going. KYT is also meant to understand the purpose for a particular transaction.

Coinmetro – A Safe Gateway to FinTech

Is Coinmetro safe? Coinmetro is a fully regulated, licensed, and compliant crypto exchange platform that follows the law as closely as possible. Moreover, we are involved in on-going dialogue with government bodies around the world, working to facilitate access to more people and support the global wave of crypto adoption. Regulation is the future of crypto and it will bring a better financial climate for institutions, users, third parties and everyone involved.

Join the regulated crypto revolution by signing up for your very own trading account. Stay up to date with all things crypto by being a member of our Discord and Telegram communities.


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