Coinfloor
- Overview
- Security
- User Experience
Volume 24H: BTC 1059/24h
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
- BCH
- BTC
Traditional Currency Support
- EUR
- PLN
- 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
- — Api
- — Desktop App
- — Web Interface
Stock Market Options
Coinfloor platform marks itself as the safest exchange in the United Kingdom, operating a 100% offline cold storage policy. Funds are secured in multi-signature wallets in underground vaults that meet similar standards to the Bank of England. Also, the platform's servers regenerate a user's session key upon login to protect against session breaches.
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 |
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 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 | No |
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.