CoinCafe.com

CoinCafe.com (Coin Cafe, Inc.) — centralized exchange (CEX)

CoinCafe.com is the website of Coin Cafe, Inc., a U.S.-based, New York–area Bitcoin-focused brokerage/exchange service that has marketed itself as providing “simple & secure” access to buy, sell, and use Bitcoin since 2013. (coincafe.com)

What it does (product profile)

• Operates as a centralized platform where customers create an account, complete identity verification, and transact through Coin Cafe’s custodial services (an “exchange wallet” used to receive, store, and transfer supported virtual currencies). (coincafe.com)
• The public-facing site emphasizes Bitcoin purchases/sales with options historically framed around New York City and broader U.S./international funding methods (e.g., bank wires / mail-in style payments). (coincafe.com)

Regulatory status (New York)

• The New York State Department of Financial Services (NYDFS) lists Coin Cafe, Inc. as a Virtual Currency License (BitLicense) holder, with the license granted in January 2023 (2023-01). (dfs.ny.gov)

Notable enforcement / public controversy

• On May 18, 2023, the New York State Attorney General announced a $4.3 million settlement with Coin Cafe following an investigation alleging exorbitant and undisclosed wallet-storage fees that were marketed as “free,” including claims that some customers’ accounts were effectively depleted by fees; the settlement provided for restitution and required clearer fee limits/disclosures. (ag.ny.gov)