Instacoins is a crypto payment platform registered by the Estonian FIU and the Bulgarian National Revenue Agency. According to the information on LinkedIn, the Instacoins Group is a Maltese project controlled by Instacoins Holding Ltd, despite its registration in Bulgaria and Estonia. We have discovered Instacoins as a payment processor at unauthorized Forex, CFD, and crypto brokers CryptoRocket, LonghornFX, and CedarFX, PayRate42 included it in its “Orange Compliance” list.
Key Data
| Trading name | Instacoins |
| Business activity | Crypto payment processor |
| Domain | www.instacoins.com |
| Social media | |
| Legal entities | Instacoins Bulgaria EOOD Instacoins Estonia OÜ INSTACOINS SINGAPORE PTE. LTD INSTACOINS HOLDING LTD |
| Jurisdictions | Estonia, Bulgaria, Malta, Singapore |
| Related individuals | Jean Paul Bonnici (LinkedIn) Robert J. Sultana (LinkedIn) Christine Seychell (LinkedIn) Andrew Martinelli (LinkedIn) Ursula Farrugia (LinkedIn) |
| Authorization | Registered in Estonia and Bulgaria |
| PayRate42 rating | Orange (PayRate42 profile) |
Short Narrative
Essentially, Instacoins offers the purchase of Bitcoins via credit and debit cards. This business model can almost be described as antiquated by now. There are dozens of such providers. Apparently, Instacoins has not kept up with the developments of the last few years with coins and NFTs. In this respect, it is no surprise that fewer and fewer people visit the website.
According to the latest Similarweb statistics (August 2022), traffic to the site has plummeted in recent months from more than 134,000 to just under 60,000. Most visitors come from the U.S. (40.4%), where apparently most of the Instacoins business is done.
Share Information
If you have any information about Instacoins, its operators, and partners, please let us know via our whistleblower system, Whistle42.
