Coincorner
- Overview
- Security
- User Experience
Volume 24H: N
Coincorner aims to offer one of the most accessible Bitcoin buying services to its users. Registration is simple and users don't need to upload identification paperwork to access this platform. Coincorner has been active on the market since 2014, servicing users who want to be able to instantly top-up their Bitcoin wallet by paying with credit card, wire transfer, or SEPA for EU-based clients.
Coincorner is very easy to use and provides a simple and clean interface. The platform is designed for investors who don't have a technical background and who are looking for a simple exchanges that is easy to signup for. Deposits can be made instantly through different payment methods. Bank withdrawals take around 5 working days.
Crypto Currencies Support
- BTC
Traditional Currency Support
- EUR
Language Support
- English
- German
Country Support
- Australia
- Canada
- European Union
- Most Africa
- Most of Asia
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Singapore
- United Kingdom of Great Britain and Northern Ireland
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
CoinCorner claims to hold the majority of users' coins in multi-signature enabled cold storage. The platform is secure thus far, as no breaches have been reported up to the time of this review. Bitcoin sending and receiving was unavailable for 2 months in 2017 due to maintenance on their wallet.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | They Claim To Hold User Funds In Cold Storage But Are Not Specific About It |
The company was founded in 2014 by Daniel Scott and Phil Collins. The aim of the company is"to give people a secure and trusted place to buy and sell cryptocurrency in an easy and transparent fashion." Scott is experienced in software development and has worked with companies such as Microsoft, while Collins has over 15 years experience in running corporate structures.
Summary:
CoinCorner is focused on simplicity and ease of use. They provide a fast-working exchange platform with several methods of payment available. Unfortunately, they ask for high fees and they provide poor customer service. CoinCorner is a good solution for users who desire anonymity and who are new to crypto trading.
| Ease of use | Intuitive |
| Transaction Fees | 0.8% + |
| Deposit/Withdrawal Fee | 0.8% + |
| Deposit/Withdrawal Fee For Bank Transfer | 1.1+ |
| Deposit/Withdrawal Fee For Credit Card | 1.1+ |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 1.1+ |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party
Functionality:
CoinCorner makes it easy for customers to access the platform through their linked mobile wallet App. The verification process is faster because there is no need to upload any documents. The company reserves the right to suspend any business activity for users suspected of fraudulent transactions.
Most common customer complaint:
— Poor customer service, limited functionality