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 has launched several key services, including a mobile app, payment gateway, and API integration. Its reputation for security is notable, with zero successful hacks reported since inception. The platform continues to evolve, recently introducing features like Auto Buy Bitcoin, cashback rewards for shopping, and a Chrome extension that earns Bitcoin on online purchases.
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 Upsides and Downsides
BTC debit card and stacking accounts (sub-accounts that don’t show on your balance) are among the advantages in this CoinCorner review.
Pros | Cons |
User-friendly interface | Verification required for all transactions |
Regulated and compliant | Limited advanced trading tools |
Supports Bitcoin Lightning Network | No phone support |
Proprietary CoinCorner debit card | Not suitable for advanced traders |
The exchange also features a “Send Globally” service, which enables users to transfer and convert GBP and EUR to PHL, GHA, KEN, NGA, SEN, CIV, TGO, BEN, RWA, USD, IND, VNM.
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's 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
Opening an account on CoinCorner, a Bitcoin-focused exchange, is quick but includes essential KYC steps to ensure regulatory compliance.
#1 Visit and Sign Up
Head to the officialCoin Corner website and click on the “Register” button to begin. Fill in your basic details, such as email and password, in the sign-up form.
#2 Email Verification
Check your inbox and confirm your email address through the verification link sent by CoinCorner.
#3 Identity Verification
Complete a short questionnaire related to your account usage. Upload a valid photo ID (passport or driving license), proof of address (like a utility bill or bank statement), and a selfie for facial verification.
CoinCorner Exchange App
The exchange allows for Bitcoin buy/sell through itsweb-based platform and mobile applications.
While the platform is designed for ease of use, especially for new Bitcoin buyers, it lacks professional trading features. Users won’t find advanced order types, charting integrations like TradingView, or API access. There’s also no support for trading bots, desktop applications, or Face ID login.
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 network and "Lightning".
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 Features and Products
Here's a wrap-up of all additional features (If any) found on the CoinCorner platform:
Staking | No |
Yield Farming | No |
Social Trading | No |
Liquidity Pool | No |
Crypto Cards | Yes |
CoinCorner Customer Support
The exchange provides support from Monday to Friday from 9am to 5pm (UK timezone) through email, live chat, and a ticket system.
- Email: support@coincorner.com
- Live chat: Ask the chatbot to connect you to an agent
- Ticket: Available through the “Contact” page
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.
Prohibited Countries
Due to regulatory constraints, the exchange that previously provided services in 40+ countries, now is limited to only 17 countries. Supported countries by CoinCorner:
- Alderney
- Brazil
- Cayman Islands
- Curacao
- El Salvador
- Guernsey
- Iceland
- Isle of Man
- Jersey
- Mauritius
- Monaco
- New Zealand
- Norway
- Singapore
- Switzerland
- United Kingdom
- Virgin Islands, British
Comparison Between CoinCorner and Its Peers
The crypto platform isn't the top choice compared to some of the leading exchanges.
Features | CoinCorner Exchange | Binance Exchange | Kucoin Exchange | MEXC Exchange |
Number of Assets | 1 (Only Bitcoin) | 400+ | 700+ | 2800+ |
Maximum Leverage | 1:1 | 1:125 | 1:100 | 1:200 |
Minimum Deposit | €5 / £5 | $1 | $1 | $1 |
Spot Maker Fee | 1% | 0.02% - 0.1% | From 0.005% | 0.05% |
Spot Taker Fee | 1% | 0.04% - 0.1% | From 0.025% | 0.05% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | No | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | No | Yes | No | Yes |
Writer's Opinion and Conclusion
CoinCorner is a centralized crypto exchange providing services in 17 countries, including Brazil, the United Kingdom, and Singapore. The exchange has a rating of 4.1 out of 5 on Trustpilot.