Coinfloor

Coinfloor

  • United Kingdom of Great Britain and Northern Ireland

  • Full trading platform

  • Coinfloor.co.uk

  • Since 2018

Coinfloor
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $211,204

Coinfloor is a UK-based Bitcoin trading platform that also offers brokerage services for its users. Coinfloor offers full digital asset exchange services for corporate and institutional clients, claiming to be the most liquid GBP exchange although it doesn't provide legal paperwork supporting this claim. At the same time, Coinfloor says there are no exchange fees.

The platform has the basic functionality of a digital asset trading platform, putting emphasis on security. The design is simple and clean. Coinfloor strongly advises using the latest browser versions to avoid display and functionality problems. Daily traders are best to use the Coinfloor Trader desktop application.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)
  • Polish Zloty (PLN)
  • US Dollar (USD)

Language Support

  • English

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • Desktop APP
  • API

Partners and integrated software

  • Paysera Wallet

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows customized alerts and notifications

Advanced
Options:

  • Limit Order
  • Market Order

Coinfloor security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Estonian Government insurance up to 100 000 Euro (Fiat only)
Private Keys Stored On
Exchange platform
Storage Type
At least 80% of user funds are stored in cold storage

Advanced Security Features:

  • Email reports of logins
  • Monitor bahavior patterns for suspicious activity
  • Email Notification of withdrawal

Security Features:

  • SSL
  • Bank Level Encryption
  • Protection from DDoS attackes

Legal Registration or Compliance:

  • KYC/AML Compliant

Coinfloor Ltd, headquartered in London, was founded in 2013 by BTC broker Mark Lamb and Obi Nwosu, an experienced online marketplace developer. The company has been in the news for funding attracted from Passion Capital and Taavet Hinrikus (co-founder of TransferWise). Over the years, it has been featured in Forbes, Financial Times, and CNN Money as one of the leading BTC exchanges in the UK.

Summary:

Though some users report slow customer support reaction regarding funds withdrawal or suspended accounts, Coinfloor remains one of the best options for those who trade cryptos against GBP. The platform seems to provide reliable storage and the team is working on support for new cryptocurrencies: ETH, ETC, XRP and LTC.

Ease of use
Developed
Transaction Fees
It's free (fees may be hidden)
Deposit/Withdrawal Fee
0-0.09%
Deposit/Withdrawal Fee c For Bank Transfer
0.3-0.49%
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Send/Receive Crypto

Functionality:

Coinfloor offers the Express Buy service, which allows users to make smaller purchases of Bitcoins with the assistance of Coinfloor Brokers and with no need for international transfer deposits or using the exchange. For daily traders, Coinfloor also offers a desktop application that only allows trades without access to other functions and that has the advantage of no session timeouts.

Most common
customer complaint:

Some users complained about poor customer support.