CoinCorner has been working for 4 years already, and it feels like forever for crypto traders. And while there are some queries, mysteries, specifics, without a question, this exchange has held the pride of place among UK Bitcoin platforms, managed by prominent Phil Collins, Daniel Scott.
To further not to make up endless stories about it, glean a few details about this exchange:
- authorized by Isle of Man;
- 129003C – registry number;
- 64A Athol Street, Douglas;
Here you are, intrigued by what it is happening or is going to happen in crypto world with Coincorner appearance, and how that exchange affected your vision, plus what lies beyond the platform possibilities. Now please pretend you are taking a decision on joining Coincorner or not. Thank you. In the light of the information from the table, it would be easy to come to the final decision.
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Available Markets on Coincorner
Meanwhile, only selected 30 countries are acceptable on CoinCorner.com, including people the United Kingdom: Argentine, Australians and citizens of Austria and Andorra; Belgians, Brazilians, the Bulgarians; Canadians, population of Cayman Islands, Cyprus, Czechs; Estonians; people from Faroe Islands, the Finnish, French; the Germanic peoples, population of Gibraltar, Greenland and Guernsey, the Greeks; the Magyars.
Also, people from the Isle of Man, Ireland together with Italy; Jersey; Kenya too; Luxembourg; people from Malaysia and Malta, Mauritius, Monaco; the Dutches and New Zealanders, the Norwegians; population of Philippines, the Polish, Portuguese; Romania; in addition to San Marino and Singapore, Slovakia, Slovenia with South Africa, the Spanish and Swedes, the Swiss.
And then there are issues with cryptocurrencies variety, limited to BTC, and what make matters worse, you may exchange Bitcoin for GBP or EUR only, which is not cool at all.
Available Payment Option
And then there’s another issue, who might as well matter. We have not missed debit, credit, Swift/SEPA bank wire transfers, Neteller banking methods diversity, to be honest, we haven’t blundered away something not comforting – Neteller doesn’t support BTC withdrawals.
You’ll find interesting the minimum and maximum deposits, withdrawals which differ greatly in a size:
| €/£ | Min Deposit | Max Deposit | Min Withdrawal | Max Withdrawal |
|---|---|---|---|---|
| Neteller | 20 | 95 | – | – |
| Credit/Debit Options | 10 | 500 | 50/100 | 500 |
| Bank Transfers/BTC currency | no minimum | no maximum | 10 | no maximum |
Additionally, our source discovered the current data on fee is around 5% for depositing, for withdrawal fees, you are rather looking forward to finding out.
Merchant Service
Meanwhile, the exchange was quick to share the Bitcoin payment gateway for UK merchants, using the API or e-commerce websites. The balanced sale system via Android allows purchases via smartphones and tablets by simply scanning the QR code. Choosing the appropriate account type that supports the feature.
Verification and Security
And despite complex terms of fees, CoinCorner is doing much for security. There is no difference in safety between Merchant and Personal types of account, exclusive of options. You will have to pass 2FA going into extensive process of personality verification. On their part, the exchange provides cold storage of funds, SSL (HTTPS) services.
Trading on Coincorner Exchange
We also should speak about trading, which is a result of your visit to the platform. You can check how things go after:
- Signing in
- Funding
- Buying/Storing/Selling BTC
Limits
Trading is easy and highly complex if you aren’t up to speed on CoinCorner limits. Of course you first have to get through a solution path. Deposit transfer limits amounting €/£10 minimum if not free. Exchange services like buying or selling charge from €/£5-10.
Withdrawal operation causes losses in a min size of €50. BTC cashout implies 0.0005 Bitcoin fee at the very least. In the light of the information, you may let yourself be tempted to use Bank Transfer setting no limits in the most queries.
Margin Trading
We also know a thing or two about margin trading, however, CoinCorner don’t supply customers with the option, but they offer leverage, or gearing, instead. And eventually, if you decide to focus on leveraging, the ratios are lower the ones suggested in traditional currency trading.
And we really don’t want anybody judging the UK exchange on the way that we saw it. Form your opinion on the platform to formulate a more objective verdict with a little help of our reviewers.