CoinFlip Reviews

2.6

34% would recommend to a friend

(161 total reviews)

33% positive business outlook

CoinFlip has an employee rating of 2.6 out of 5 stars, based on 161 company reviews on Glassdoor which indicates that most employees have an average working experience there. The CoinFlip employee rating is 30% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

161 reviews
1.0
17 Oct 2023

Management have no idea what crypto is

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The building is nice and free food

Cons

When I first started working at Coinflip I was very excited about working for this company but as the weeks went on I started noticing that the managers had absolutely no idea what crypto was lol. Management only know how to run a normal customer support/fraud team but not a crypto company. They would hate when we would educate our customers and would look the other way when a person was committing a fraud transaction. They do not care about their customers, they only care about stealing their money. It's very sad how many people we have robbed because I was doing my job... Most of our team has been laid off, the company grew very quick and the founders became greedy. This is not what being in the crypto space is about. We are supposed to educate our customers not give crypto a bad name. There is no such thing as compliance in this company. Also don't get me started with the wallet they made. They should've just partnered with a well known wallet provider but they decided to drop millions on a useless app and are now facing the consequences by firing half of the company.

1.0
11 Sept 2023

You won’t be valued in the slightest

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

None, I keep seeing snacks but big whoop. Offices generally have snacks.

Cons

Majority of the leadership board is too young and inexperienced to accept ownership of anything and seek to immediately blame individual contributors for their lack of involvement with what’s going on. You’ll work insane hours to meet rushed deadlines because they always want things done fast, not done right and then get yelled at to work faster. They constantly use the “we’re a family” speech when in reality you are a resource to line someone else’s pocket and they’ll sacrifice you and your needs without a second thought. Bottom line, they have no clue what they are doing and the direction is a constant question mark.

1.0
25 Oct 2023

A Tale as Old As Time

Recommend
CEO approval
Business outlook

Pros

Beautiful office building. Decent benefits. Good perks. Some lovely people. Admirable mission statement … if they actually believed it.

Cons

This company had the market cornered on crypto ATMs and was expanding rapidly into new regions. Dreams were being had and revenue was growing like gangbusters. The young co-founders did the right thing and hired experienced leadership for tech, operations, legal, marketing. The next logical and strategic step would have been to partner with a proven and simple digital wallet that would integrate with these ATMs. Instead, arrogance and hubris on the part of the tech leads and founders drove the company to build a “next-generation financial services platform powered by cryptocurrency.” Unfortunately, the reality was a buggy app with a tiny selection of coins that DOESN’T integrate with the company’s ATMs (yet?) and which cost millions to launch. Enter the hatchetmen to blame the failure on worker bees and laugh them out of the building. At least half of the company has been dismissed, but no one calls them layoffs, and morale and culture is at an all-time low. It’s a tale as old as time. A startup grows too fast, gets too excited, and loses itself (and big bucks) along the way. Only the sychophants prevail. Oh, and their supposed mission to bring crypto to the marginalized and underbanked? Last I heard they wanted to focus more on the politically conservative types, who only "like" crypto because it owns the libs. Smart target-audience research.

Viewing 1 - 3 of 161 Reviews

Glassdoor has 169 CoinFlip reviews submitted anonymously by CoinFlip employees. Read employee reviews and ratings on Glassdoor to decide if CoinFlip is right for you.