Overview of CoinsPaid Group
In August 2022, Scam-Or Project reviewed CoinsPaid Group, highlighting its significant role as a high-risk crypto payment processor specializing in online gambling and casinos. CoinsPaid’s subsidiary, CryptoProcessing, claims to be the leading crypto processor globally by transaction volume. Despite its achievements, the group has faced controversies, including brief involvement with the scam Global Trader broker via its UK partner, Charge Money Ltd. After Scam-Or Project warning, the business relationship was terminated.
Key Data
| Attribute | Details |
| Trading Names | CoinsPaid, CryptoProcessing |
| Business Activities | Crypto exchange & OTC desk operator |
| High-risk crypto payment processor | |
| Domains | https://cryptoprocessing.com |
| https://coinspaid.com | |
| Social Media | LinkedIn, Facebook, Instagram, Twitter |
| Legal Entities | Dream Finance OÜ (Estonia), A.R. Merkeleon GmbH (Austria), Skylock Investments Ltd (Cyprus) |
| Jurisdictions | Estonia, Austria, Cyprus |
| Authorization | FIU crypto license no FVT000166 |
| Related Individuals | Alexander Horst Riedinger (LinkedIn), Maksym Krupyshev (LinkedIn), Andrei Koposov (LinkedIn) |
CryptoProcessing: Leading the Market
Claims of Market Leadership:
- CryptoProcessing reports processing over €13 billion from more than 800 partners (merchants) since its inception.
- Boasts ZERO chargebacks, a critical advantage in high-risk sectors like online gambling.
Website Visitor Data:
- A substantial portion of visitors to CryptoProcessing.com and CoinsPaid.com originate from South America, with Russia and Ukraine also being key sources.
Specialized Services:
- CoinsPaid’s solutions address common problems in the gambling industry, such as chargebacks, by leveraging crypto payments.
- Reportedly serves more than 10 million customers through its merchant network.
Ownership and Leadership
Austrian Ownership:
- Operated by Dream Finance OÜ, registered in Estonia, with an FIU-issued crypto license.
- Beneficial owner: Alexander Horst Riedinger, who also owns A.R. Merkeleon GmbH, a software company specializing in crypto solutions, based in Austria.
- A.R. Merkeleon GmbH is 50% owned by Riedinger and 50% by Skylock Investments Ltd, a Cyprus-registered entity.
Leadership Team:
- Maksym Krupyshev:
- Co-founder and CEO of CoinsPaid.
- A Ukrainian residing in Berlin.
- Believed to be connected to Skylock Investments Ltd.
- Andrei Koposov:
- Chief Technology Officer (CTO) at both CoinsPaid and A.R. Merkeleon GmbH.
Conclusion
CoinsPaid Group’s impressive transaction volumes and global reach underscore its position as a major player in the crypto payment processing industry. However, its involvement in high-risk sectors like online gambling and past controversies require careful scrutiny.
Share Information
If you have any information about CoinsPaid, CryptoProcessing, or their related activities, please report it via our whistleblower platform, Whistle42. Your contributions are essential for maintaining transparency in the crypto payment industry.