BySmart Hack That'll Get Your Coinify Fees Waived
If you, you may be entitled to compensation. Not everyone understands blockchain and cryptocurrency, but those who do may spend a lot of real money in pursuit of digital riches.
What Is Coinify?
Developed in Denmark in 2014, Coinify is an open-source asset browser app and cryptocurrency wallet that offers brokerage services and payment processing to users throughout the world. If you use the service and feel you paid too much, you may be wondering how to .
What Services Does Coinify Provide?
According to Cryptogeek, Coinify provides a way for brick-and-mortar merchants to accept payments in virtual currency that can turn to be paid out in traditional money. The service also allows merchants to seamlessly move between virtual and traditional currency. While many find it useful, Coinify isn't free to use, and it may not be easy to waive on your own.
A Few Words About Coinify Fees
Coinify charges users three basic trading fees that vary from transaction to transaction.
- Conversion fees
- Handling fees
- Network fees
| Conversion fees | Are collected for all buy orders completed in currency other than United States dollars. This foreign conversion fee is typically 0.50 percent. |
| Handling fees | Are added to the total purchase amount and are used to cover administration and processing costs. Buy and sell order bank transfers are assessed one percent, while buy orders paid via credit or debit card are assessed an additional five percent. In Norway, Iceland, Switzerland, and Lichtenstein, debit and credit card buy orders come with a three percent fee. |
| Network fees | Are deducted from the amount of cryptocurrency purchased and are required before virtual funds are transferred to the buyer. |
Coinify also collects fees every time a transaction is canceled.
Does Coinify Collect Personal Information?
According to the company website, Coinify does gather personal info on its users but only stores it for as long as necessary to deliver services and fulfill financial obligations. All Coinify customers voluntarily submit this info by way of informed consent. Sorts of customer info collected include but are not limited to:
- Date of birth
- Full name
- Home address
- Identification documents
- Nationality
- Online Identifiers including geolocation, browser name, and IP addresses
- Statistical data on browsing activities, and patterns
- Trader level and limits
- Transaction history including the type of order, purchase amount, and payment information
- Blockchain transactional data
How to Get Your Coinify Fees Waived
A human search of the Coinify website does not reveal an easy way to get fees waived or refunded. You are welcome to contact Coinify customer service and plead your case, but there is no guarantee that it will work. Don't give up, though. knows how to waive fees across any and all platforms.
The Easiest and Most Effective Way to Waive Coinify Fees
DoNotPay is the customer service agent you wish you had. We've been helping people like you manage all sorts of consumer issues for years. Because actual fees are not always apparent until you're ready to check out, DoNotPay came up with a brilliant new product that is super simple to use.
Here’s How It Works:
- Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.
- Select the merchant and fees you want to appeal and enter the details of your transaction, including an associated account if you have one.
- Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.
It really is that fast and easy. Once you provide your information and authorize DoNotPay to manage the situation on your behalf, our artificial intelligence paralegal will compose a perfect argument and make sure it gets where it needs to go in order to get your refunded.
Cryptocurrency fees are not the only fees that DoNotPay can get waived or reimbursed. No matter what company you are dealing with, DoNotPay knows the right way to ask for your money back. We can waive transaction fees at Venmo, PayPal, Square, and GoFundMe. DoNotPay can also waive online shopping fees at eBay, Shopify, Etsy, and Depop.
Bank fees such as overdraft charges, wire transfer fees, ATM fees, and credit card fees can be waived or refunded with the assistance of the AI Consumer Champion. DoNotPay can waive airline cancellation fees and excess baggage fees, too. And if that's not enough, we also waive delivery fees from outfits such as DoorDash and Uber Eats.
Waiving Fees Is Only Part of What We Do
DoNotPay is highly skilled at waiving fees, but we do a lot more.
- Apply for scholarships
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DoNotPay Saves You Tons of Money and Time
Think about how many times you've paid things like that you never got back. Now that you know about DoNotPay, we invite you to join us any time you pay a fee because we might be able to get that money back to you!