CoinCorner is a centralized cryptocurrency exchange (CEX) that is based out of the Isle of Man. The platform was founded in 2014. It helps users to easily buy and sell Bitcoin. The CoinCorner crypto exchange provides users with various payment solutions and services catered to both retail and institutional investors. It is also compatible with both iOS and Android mobile phones, as well as all desktop computers.
The CoinCorner cryptocurrency exchange requires users to go through the KYC process in order to make an account and be eligible for trading Bitcoin. This is to ensure that every individual only creates one account under one identity. CoinCorner is currently available in over 45 countries which include Alderley, Argentina, Australia, Belgium, Brazil, Bulgaria, Cayman Islands, Curacao, Cyprus, Czech Republic, Denmark, El Salvador, Estonia, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Luxembourg, Malta, Monaco, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, and the United Kingdom.
Markets
The CoinCorner crypto exchange allows users to trade on crypto-fiat pairs on the platform. There are only two CoinCorner trading pairs BTC/EUR and BTC/GBP. Thus, there's no CoinCorner spot market as the exchange is essentially about buying or selling BTC using EUR or GBP.
Users are only charged a 1% in CoinCorner exchange fee when they buy and sell BTC. The CoinCorner cryptocurrency exchange also charges a fee on deposits and withdrawals that vary depending on the chosen mode of payment. If you choose to make a deposit using a bank transfer from the UK, you won’t be charged any fees. However, if you choose to make a deposit using a debit or credit card, you will be charged 2.5% in CoinCorner crypto fees. Similarly, you will be charged 1 GBP if you choose to withdraw using a bank transfer from the UK and 0.80 GBP if you choose to withdraw using a debit or credit card. There are no deposit or withdrawal fees if you choose to use Bitcoin instead.
Other Services
CoinCorner provides users with the Bolt Card. It is a physical card that allows users to perform contactless lightning transactions both in person and on their mobile devices. This card can easily be set up through the CoinCorner app, and it performs many functions. It can be used as a regular debit card that is attached to a bank account, or it can be used as a gift card.
CoinCorner also provides users with Stacking Accounts. These are savings accounts that allow users to set a target goal for themselves that they would like to achieve using Bitcoin. For instance, a user inserts the value of the car they want to buy, and CoinCorner lets them know how close they are to achieve their goal with the amount of Bitcoin currently in their stacking account. This is among the many features that helped increase the CoinCorner trading volume.
Moreover, there's the Bitcoin Gift Cards feature that allows users to buy gift cards using Bitcoin directly from Bitrefill using their CoinCorner accounts. You can buy gift cards from different stores, including Amazon, Primark, Spotify, and Nike.
Additionally, CoinCorner also has an affiliate program that allows both you and your friend to get £10 for every friend you refer to the platform. All they have to do is sign up and perform trades worth £100 or more.
Lastly, the platform features various APIs, including wallet API, merchant API, exchange API, and blockchain API. The CoinCorner API allows users to integrate third-party systems into their accounts. The public version can also be used to retrieve information on the order book, ticker, and transactions. The private version can be used to withdraw Bitcoin, edit orders, and retrieve account balances. More information can be found on their API page.
About the Company
CoinCorner was launched in 2014 and became one of the very first platforms where you could buy and sell Bitcoin in the UK using debit or credit cards. Previously, it was complicated to perform transactions using Bitcoin in the UK. As a result, Daniel Scott, Phil Collins, Charlie Woolnough, and David Brown launched CoinCorner as a solution to this problem. CoinCorner now operates in over 45 different countries all around the world.
The CoinCorner volume of services increased when they received an angel investment in 2015 that allowed them to move to bigger offices. They were even shortlisted for the PokerStars Digital Champions Award at the Isle of Man Awards For Excellence in 2016 and 2017. CoinCorner won this award in 2018. Besides, the team also launched the first Bitcoin cashback service in the UK in 2020. Additionally, CoinCorner acquired Coinfloor in 2021. The CoinCorner crypto prices for Bitcoin are among the most accurate and reliable in the industry.
