Snapshot
Coinquista launched in July 2019 in Warsaw, Poland, and claims to hold a payment institution license from local financial supervisors. On paper it looks official - but in practice its trading volume is entirely untracked, making liquidity and activity invisible.
Platform and Offers
Coinquista offers spot and perpetual futures markets across 50+ cryptocurrencies. Fee structure is standard with a 0.04 percent maker fee and 0.3 percent taker fee. It also allows fiat deposits via credit card or bank - though spreads and swap costs haven’t been transparently published.
Volume and Liquidity Transparency
Here’s the kicker: CoinMarketCap marks Coinquista as “untracked” and shows no reserve or volume data. That’s a red flag - no orderbook depth, no clear liquidity, nothing to assess slippage or pricing dynamics.
Security and Regulation
They position themselves as regulated under Polish oversight, implying some regulatory guardrails. But there’s no public proof of reserves, independent audits, or transparency around cold wallet policies. That invites questions around fund security.
User Reputation
It’s a mixed bag out there:
Some users praise a clean UI and solid selection of niche coins - others slam unreliability. One review bluntly calls Coinquista “a complete joke,” with “high transaction fees” and freezes on withdrawals. Meanwhile others describe it as a straightforward and reliable tool for small-volume traders.
That disparity hints at inconsistent experiences - some love it, others regret it.
Strengths and Weaknesses
Strengths:
- Regulated under Polish authorities
- Supports over 50 crypto assets with both spot and perpetual trading
- Maker/taker fee model with 0.04 percent maker and 0.3 percent taker fees
Weaknesses:
- Volume and liquidity totally opaque - untracked by major platforms
- Withdrawal issues and spikes in reported transaction costs
- No audits or proof-of-reserves to back user funds
- Mixed user reviews - some suggest delay or unreliability
Who It Could Work For
Niche traders in Europe exploring small altcoins
Users comfortable trading small volumes who don’t mind limited transparency
Those looking for a regulated European exchange with basic futures options
Who Should Skip It
Active traders needing reliable liquidity and good pricing
People dealing in large volumes or needing smooth withdrawals
Anyone prioritizing audited security and reserve backing
Final Verdict
Coinquista functions as a low-profile, regulated Polish exchange with spot and futures access - but it sits in the shadows. With zero tracked volume, unclear liquidity, and mixed feedback on reliability, it’s a gamble.
If you're curious about niche tokens and can tolerate some risk and opacity, it may be worth a small trade. For serious trading or institutional exposure, you’ll want something with visible depth, proof of reserves, and a consistent track record.