CoinCorner wallet review

CoinCorner
Intuitive Ease of use,  Low Privacy,  Wallet platform Private Keys Stored

CoinCorner is more than a Bitcoin wallet, it incorporates exchange functions, and it allows users to top-up their account via bank transfer or credit card. The app has a good design and improved functionalities. Unfortunately, Coincorner does not provide support for United States users, the only fiat currency for the exchange is Euro.

Coincorner is fine for buying Bitcoin with Euro but that is about it. They do not support any other Cryptocurrencies and do not support other traditional currencies. The service is blocked to US customers.

Company / organization behind the wallets

CoinCorner LTD is registered in the Isle of Man and it is able to manage transactions using Euro. GBP are expected to be added to the platform. They were featured in all major Crypto websites with an overall positive feedback. Looking at their background, the company looks solid.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)

Language Support

  • English
  • German

Supported Systems

  • Windows
  • Android
  • iOS

Partners and integrated software

  • Netteler

The company has been victim to a number of hacking attempts and have made 'updates' to security to thwart these attacks. One of the reasons that platforms like this fall victim to hacking attempts is that they keep all user data and funds centrally on one server. It is best to use Coincorner to buy Bitcoin and then transfer your funds to a more secure wallet.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
Yes
Private Keys Stored On
Wallet platform
Storage Type
Hot storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

Since Coincorner works with traditional currencies and banks you can expect an extensive identification verification process. The website of CoinCorner.com is pretty neat and modern looking. The navigation is easy and smooth.

Summary:

CoinCorner is a great option for EU to buy and sell Bitcoin. More advanced users may find the platform limiting though since they only support Bitcoin. Their security is not optimal but that allows them flexibility. It's a great place to buy Bitcoin but not optimal for long term storage.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Buy coins using credit card
  • Withdrawal funds to bank account

Coincorner is fine for buying Bitcoin with Euro but that is about it. They do not support any other Cryptocurrencies and do not support other traditional currencies. The service is blocked to US customers.

The wallet platform has developed a partnership with a 3rd party and integrated the 3rd party services into their software

Help and
support:

  • FAQ section
  • Contact form
  • Email

Personal information for activation account:

  • Name
  • Email Address
  • Phone Number
  • Passport/ID
  • Proof of address

Most common
customer complaint:

General issues about (put info here)