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Company details

  1. Alternative Financial Service

Written by the company

Coinbag helps customers earn maximum interest on their crypto portfolio.


Contact info

You should know

4.4

Excellent

TrustScore 4.5 out of 5

11 reviews

5-star
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Rated 5 out of 5 stars

Intelligent crypto investing for beginners

Big fan. Coinbag is the smart investor's tool for building crypto wealth based on a holistic, long term strategy. Simple, guided sign up process. Depositing funds only took a few clicks and I was earning interest on my crypto. They have a solid team of developers deploying unique features that makes the product stand head and shoulders above the rest. Looking forward to seeing them continue innovating this space.

11 April 2022
Unprompted review
Rated 5 out of 5 stars

Stress free investments

Coinbag allows me to take a hands off approach to my investments with the safety of knowing that my portfolio will keep performing or even outperforming my portfolio goals. Simple and easy to use with intuitive dashboard allowing you to keep track of your investments.

13 November 2021
Unprompted review
Rated 5 out of 5 stars

Very happy to have a robo-advisor for…

Very happy to have a robo-advisor for crypto. Interface is clear, happy that there is rebalancing, funds transfer is somewhat easy.

4 November 2021
Unprompted review
Coinbag logo

Reply from Coinbag

Glad you're enjoying the service and we look forward to helping you!

Rated 1 out of 5 stars

Terrible value

Was a customer for around a year. Recently withdraw my funds due to:
a) worst returns. All my other portfolios lost less in the last year's crypto winter.
b) every month taking fees, without actually rebalancing. The split of coins on portfolios never really changes, yet they charge 'rebalancing' fees. Recently charged 5% value of portfolios in fees for nothing.
c) disabled withdrawals for weeks, took it away from site then later emailed saying "due to congestion".

29 October 2021
Unprompted review
Coinbag logo

Reply from Coinbag

Hi Chris, thank you for the feedback, and we're sorry to see you go.

We want to note a few things:

1. Rebalancing is the act of keeping your portfolio target aligned. As crypto prices fluctuate, your actual percentages change from your target percentages, and rebalancing aims to bring them back together.
2. At any point, you can switch your rebalancing settings. It appears you chose dynamic rebalancing, wherein Coinbag will rebalance based on how far away your target percentages are from the actual percentages. We have manual rebalancing, which only rebalances when you trigger it yourself.
3. Any "rebalancing fees" you saw are the gas and transaction fees charged by (and paid directly to) the blockchain to execute transactions. These are not Coinbag fees.
4. We have noted from conversations that we have refunded you for these fees, despite them being blockchain fees.
5. Coinbag does not change cryptos in your portfolio; that is in your control.

Rated 5 out of 5 stars

This platform is perfect for whoever…

This platform is perfect for whoever wanna get into crypto but don’t know what to buy or where to start. In a few months, my portfolio earned over half of the original $ I put in. Thank you coinbag!

29 October 2021
Unprompted review
Coinbag logo

Reply from Coinbag

Thanks, Pam! Glad we are able to help you invest :)

Rated 5 out of 5 stars

Great nascent app

Great nascent app, still needs quite a few features to be useful for somebody who has an active portfolio already.

29 October 2021
Unprompted review
Coinbag logo

Reply from Coinbag

Thanks, Sascha! We’ll be releasing automated stablecoin lending in the coming weeks, which will help you earn 10-15% APY on your held stablecoins. After that we will start to work on automated staking of stakeable assets (i.e. cardano, bnb, etc).

Rated 4 out of 5 stars

Low effort diversified crypto portfolio

I'm a big fan of diversified ETFs. Was trying to find something similar for Crypto that doesn't involve a lot of work.

Coinbag works well for that. They rebalance into different crypto currencies for me. I just have to provide the funds.

The developers are also very receptive to feedback and suggestions. I like that a lot.

If they add automatic staking and more ways to add funds it could become a 5/5 for me.

30 August 2021
Unprompted review
Coinbag logo

Reply from Coinbag

Thanks, Chris! We will be adding automatic staking soon, so hopefully we can bump that 4 up to a 5!

Rated 5 out of 5 stars

Coinbag is absolutely fantastic…

Coinbag is an absolutely fantastic service. I know a bit about crypto, but not enough to confidently invest significant sums into it. Coinbag allows me to set my risk level, and then automatically diversifies my crypto holdings based on it. It provides a much richer access to crypto for the 95% of us who don't spend every second learning about it and watching the market, and I'm extremely happy with every aspect of the platform so far. I'll be a Coinbagger for years to come!!

16 August 2021
Unprompted review
Rated 5 out of 5 stars

Coinbag helps me archive my investment…

Coinbag helps me archive my investment goal without spending time trading by myself. Coinbag also receives my feedback and made an improvement based on it.
Just try it and you will love it.

11 August 2021
Unprompted review
Coinbag logo

Reply from Coinbag

Glad to hear you are enjoying the service! And please keep sharing feedback. We build products for you all. The more we hear, the better the product will get!

Rated 5 out of 5 stars

Great app to get started with crypto

A friend recommended Coinbag as a way to invest in crypto without needing to dig deep into the technical stuff. I found the set up super easy. I like the clean look of the dashboard showing only the necessary stuff. Keep up the good work guys 👌🏼

5 August 2021
Unprompted review

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