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.
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Fiat currencies
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Cryptocurrencies
Details
| Product Name | CoinCorner Bitcoin Exchange |
|---|---|
| Fiat Currencies | GBP, EUR |
| Cryptocurrencies | BTC, ETH, LTC, XRP |
| Deposit Methods |
Bank transfer Credit card Debit card |
| Trading Fee | Fees vary |
| Deposit Fees | Fees vary |
| Withdrawal Fees | Fees vary |
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.
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 | 3.2% |
| 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£20-5,000/EUR€20-5,000 |
| 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.
