CoinCorner review

Learn more about CoinCorner, a simple bitcoin exchange.

CoinCorner is a European bitcoin exchange, founded in 2014 with the goal of making bitcoin buying easy. It offers a mobile wallet app that lets you buy, sell and transfer bitcoin on the go through an easy range of payment options.

Product Name CoinCorner Bitcoin Exchange
Fiat Currencies GBP, EUR
Cryptocurrencies BTC, ETH, LTC, XRP
Deposit Methods Bank transfer
Credit card
Debit card
Trading Fee Maker: 0.3-0.7%
Taker: 0.3-0.7%
Deposit Fees
Withdrawal Fees

Pros

  • A platform that is designed to be simple.
  • Combines a wallet and exchange for convenience.

Cons

  • Rates and fees might be higher than other options.
  • Low limits might prevent you from trading as much as you want.
  • High SWIFT fees apply to bank transfer withdrawals, which may be a problem when combined with the low limits.
  • Only offers basic services without any advanced features.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

What is CoinCorner?

CoinCorner is a bitcoin exchange with its own wallet for mobile and desktop use. This gives you one secure tool to buy, sell, store and transfer your bitcoin.

You can use CoinCorner if you’re at least 18.

Using it to buy bitcoin is as simple as creating an account, depositing funds and then making your purchase.

You can find all of its other features within a simple user-friendly layout that anyone can use.

It’s a peer-to-peer exchange, so you can trade with other users at potentially competitive prices, and it’s designed to be just as easy as buying something from a shop.

What currencies does CoinCorner accept?

CoinCorner lets you deposit funds in euros and pounds, although the available payment methods may vary for each.

What countries is CoinCorner available in?

You can use CoinCorner anywhere in the world, although it’s designed for use in Europe, which means many of the deposit options are not available elsewhere, including in Australia.

Payment methods

You can make deposits to your CoinCorner account using the following methods:

  • Bank transfer
  • Debit and credit card
  • Neteller

You can make withdrawals from your CoinCorner account using the following methods:

  • SWIFT bank transfer
  • Debit and credit card

Naturally, you can make digital currency (bitcoin) deposits and withdrawals as well.

CoinCorner fees

There are fees for transfers and exchanges.

Deposit Bank Transfer Free (GBP service currently unavailable)
Deposit Debit/Credit Card 5%
Deposit Digital Currency Free
Deposit Neteller 5%
Exchange Rate Buy/Sell Digital Currency 1%
Refund Debit/Credit Card GBP£5.00/EUR€5.00
Withdrawal Bank Transfer SWIFT: GBP service currently unavailable/EUR€30.00SEPA: EUR€1.50
Withdrawal Debit/Credit Card Coming soon
Withdrawal Digital Currency Variable (dependent on network congestion)
Withdrawal Neteller Service not offered

Transfer times

All bitcoin transfers will typically be completed in a few minutes, but CoinCorner warns that it might take up to three days if it needs to move funds around first.

Your fiat currency transfers will be subject to the usual transfer times for each method.

This is usually up to two or three business days for bank transfers and same-day for card transfers.

Transfer limits

Your own transfer limits will be shown before you make a transaction and may be different to these general limits.

Account Without account verification Typically GBP£100/EUR€130 maximum
Deposit Bank transfer No limits (GBP service currently unavailable)
Deposit Cryptocurrency No limits
Deposit Debit/credit card (min-max per 24 hours) GBP£10/EUR€10 minimum.Variable maximum limit may apply.
Deposit Neteller (min-max per 24 hours) GBP£20-95/EUR€20-95
Exchange Buy/sell digital currency (min-max per trade) GBP£5-10,000/EUR€5.00-10,000
Refund Debit/credit card Equivalent value of debit/credit card deposit
Withdrawal Bank transfer (min-max) GBP service currently unavailableEUR€50 minimum.No set maximum limit.
Withdrawal Cryptocurrency (min-max) 0.0005 BTC minimum. No maximum.

Safety, security and privacy

CoinCorner operates in line with the following industry best practises:

  • Holds over 95% of customer funds offline in cold storage, which is much safer from digital theft.
  • All services run over SSL (HTTPS).
  • Two-factor authentication available for all users.

Customer service and contact

You can reach CoinCorner customer service at support@coincorner.com or reach out on Facebook, Twitter, Google+ or other social media.

Pros and cons

Pros

    • A platform that is designed to be simple.
    • Combines a wallet and exchange for convenience.

Cons

      • Rates and fees might be higher than other options.
      • Low limits might prevent you from trading as much as you want.
      • High SWIFT fees apply to bank transfer withdrawals, which may be a problem when combined with the low limits.
      • Only offers basic services without any advanced features.

How to sign up

First it's advisable to consider the features and security of the platform. If you're confident and ready to proceed, all you have to do is create an account on CoinCorner. You can download the CoinCorner wallet, for iOS, Android or desktop, for more convenience if you want.

coincorner

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