CoinCorner provides Bitcoin buy/sell with a fee of 1%. It supports EUR and GBP payments via SEPA and FPS. The minimum deposit on the exchange is €5 / £5. It offers a BTC recurring buy feature for automated crypto purchases.
CoinCorner; The Exchange's Information and Regulatory Compliance
Founded in 2014 by Charlie Woolnough, Daniel Scott, David Brown, and Phil Collins, CoinCorner has over 350K users.
CoinCorner Ltd is licensed as a MoneyLender with the Isle of Man Office of Fair Trading and regulated by the region’s Financial Services Authority (FSA). Key points about CoinCorner:
- Support for EUR and GBP fiat currencies
- Bitcoin stacking accounts
- eMoney accounts
- BTC debit card (Bolt Card)
- Global money transfers to the Philippines, Nigeria, Kenya and many more countries
CoinCorner Exchange Specific Features
The crypto exchange allows for Bitcoin purchases as little as €1 or £1. Let’s see what other features CoinCorner brings to the table:
Exchange | CoinCorner |
Launch Date | 2014 |
Levels | No |
Trading Fees | 1% |
Restricted Countries | Only available in 17 countries |
Supported Coins | 1 |
Futures Trading | No |
Minimum Deposit | €5 / £5 |
Deposit Methods | SEPA, FPS, Credit/Debit Card, BTC |
Withdrawal Methods | eMoney, SEPA, FPS, Credit/Debit Card, BTC |
Maximum Leverage | 1:1 |
Minimum Trade Size | €1 / £1 |
Security Factors | 2FA, Cold Storage, Full Reserve of Assets, Offline Multi-Signature Keys |
Services | Bitcoin Buy/Sell, Global Money Transfer, Bolt Card, Bitcoin Stacking Accounts, Recurring Bitcoin Buys |
Customer Support Ways | Email, Ticket, Chat bot, Live Chat |
Customer Support Hours | 9am to 5pm Monday - Friday |
Fiat Deposit | Yes |
Affiliate Program | No |
Orders Execution | Market |
Native Token | No |
CoinCorner User Levels
Unlike some exchanges that offer tiered user levels with varying benefits, CoinCorner keeps things simple. There are no user levels or tiers to navigate, which means no fee discounts based on the trading volume.
CoinCorner Fees and Commissions
The exchange charges no deposit fees except for debit card payments which incur a 2.5% fee.
Here’s what you must know about CoinCorner fee structure:
Transaction | Fee | Limits |
Crypto Buy/Sell | 1% | Minimum £/€ 5 Maximum £/€ 250,000 |
Crypto Auto Buy | 1% | Minimum £/€ 5 Maximum £/€ 12,000 |
While not the cheapest in the market, CoinCorner's fees are competitive, especially for UK users making bank transfers. The 1% trading fee is reasonable, and the free deposit options make it attractive for those looking to buy Bitcoin regularly.
Listed Cryptocurrencies on CoinCorner Exchange
Limited asset offerings are among the biggest letdowns in this CoinCorner review. the exchange only supports Bitcoin purchases and doesn’t offer any other cryptocurrencies.
Does CoinCorner Offer Leverage Options?
The exchange does not offer leverage options. This aligns with the exchange's focus on simplicity and risk management. While leverage can increase potential profits, it also magnifies risk, something CoinCorner seems keen to avoid for its users.
Account Opening and Verification on CoinCorner
Getting started with CoinCorner is a breeze, but be prepared for a thorough verification process.
- Visit the exchange’s official website;
- Click “Register”;
- Fill out the “Sign Up” form;
- Verify your email address;
- Complete the questionnaire;
- Provide proof of ID (driving license or passport), proof of address (utility bill or bank statement), and selfie.
CoinCorner Security Measures
The platform is a centralized exchange that holds the custody of client funds. CoinCorner holds client funds in segregated accounts and implements two main security methods, including:
- Cold Storage
- Two Factor Authentication (2FA)
- Fraud Reporting Email: fraud@coincorner.com
- Account notifications for logins and transactions
- Offline multi-signature keys
- Holding assets in full reserve (1:1)
CoinCorner Payment Methods
The platform supports EUR and GBP fiat currencies. it also accepts BTC payments on the main blockchain and the Lightning network.
Payment Method | Deposit Fee | Min Deposit | Withdrawal Fee | Min Withdrawal |
eMoney (EUR, GBP) | Not Available | Not Available | Free | €0.01 / £0.01 |
FPS (GBP) | Free | £5 | £1 | £5 |
SEPA (EUR) | Free | €5 | €1 | €5 |
Debit Card | 2.5% | €10 / £10 | Not Available | Not Available |
Bitcoin (on-chain) | Free | No limit | Variable based on the send speed | No limit |
Bitcoin (Lightning) | Free | No limit | Free | Up to €500 / £500 |
User Satisfaction
There are 928 CoinCorner reviews on Trustpilot, most of which are positive. The exchange is also featured on Reviews.io with 10 comments.
4.1 out of 5 | |
Reviews.io | 2.4 out of 5 |
Only 26% of TP users have rated the exchange 1-star and 2-star, while 67% of comments are 4-star and 5-star.
CoinCorner Exchange Investment Plans
While the exchange doesn’t offer any growth or investment plans like Crypto staking or referral commissions, it features a BTC recurring buy plan. You can set up automatic purchases daily, weekly, or monthly.
Writer's Opinion and Conclusion
CoinCorner is a centralized crypto exchange providing services in 17 countries, including Brazil, United Kingdom, and Singapore. The exchange has a rating of 4.1 out of 5 on Trustpilot.