Today, there are so many ways to buy bitcoin. In fact, this excess of options can be complicated to the investor, but the search for perfect exchange is worth the work. Additionally, CoinCorner wallet is the best way to trade using euro and British pound sterling as payment. In this article we will get into detail covering CoinCorner wallet, CoinCorner features, CoinCorner functions, and CoinCorner fees, Moreover the complete guide on CoinCorner review.
What is CoinCorner?
CoinCorner is UK’s leading cryptocurrency broker, besides, offers an online platform that lets you to buy, sell and transfer bitcoin on the go with an easy range of payment options. Additionally, this platform provides interface with CoinCorner wallet for both iOS and Android users.
CoinCorner came into existence in the year 2014 and founded by Mr.phil Collins, Daniel Scott with the aim of making buying and selling bitcoin easy. Moreover, the company is located in Douglas, Isle of man also the company offers services to 46+ countries.
Following are the CoinCorner Features
Multi-signature cold storage: CoinCorner has a feature of multi-signature cold storage for the majority of coins.
Easy to access: Using CoinCorner wallet it is easy to access your account.
Secure: CoinCorner wallet secures your account with two factor authentication(2FA) using google authenticator.
Send and receive bitcoins: This platform allows you to send and receive bitcoins to your friends or family with an easy QR code for your address.
Affiliate program: Coincorner wallet provides an affiliate program, invites your friends and receive 10 GBP per referral that deposits GBP 100 or more.
Trading on CoinCorner
CoinCorner platform supports four cryptocurrencies including Bitcoin, Litecoin, Ripple, Ethereum. Moreover, Bitcoin is the only cryptocurrency you can withdraw or deposit.
This platform supports only two fiat currencies GBP and EUR.
CoinCorner supports fiat for cryptocurrency and cryptocurrency for fiat transactions. but you can’t directly exchange cryptocurrencies.
Payment Methods of CoinCorner
Methods for depositing in your CoinCorner account
- Bank transfer
- Debit card or credit card
Methods for withdrawals from your CoinCorner account
- SWIFT bank transfer
- Debit or credit card.
Next, you’ll be asked to submit verification documents, once you have uploaded the required documents, you can submit your verification application and proceed to the trading interface.
Wallet service is available in CoinCorner platform. Furthermore, The coincorner wallet functions in a very smooth way, you can send, receive, and maintain coin balances. Also, you have an exchange marketplace where you can directly buy and sell cryptocurrencies using CoinCorner wallet. Additionally, you can deposit and withdraw digital currency using an external address such as hardware and paper wallets. CoinCorner wallet enables transactions history as well as a chart showing your balances in real time.
Buying Bitcoins Through CoinCorner
Signup is free there is a simple registration procedure to follow. furthermore, no documents are required and no verification process at the beginning of buying bitcoin. And then, the next step is to deposit some funds using a debit card, credit card or bank transfer. And then all set to buy bitcoin using coincorner.
Structure for CoinCorner fees
Debit or credit card – 5%
Neteller – 5%
Digital currency – free
EUR – 30.00
Buy/sell digital currency – 1%
Like many cryptocurrency service platform. Similarly, CoinCorner platform does not reveal any detailed information about their security system on the website. Moreover, assets are stored in cold storage. Cold storage wallets are considered to be more secure as compared to hot wallets because they are not connected to the internet. CoinCorner wallet retains and securely stores all digital currency private keys in a mixture of both online and offline facilities.
Pros of CoinCorner
- Fast delivery of bitcoins
- Guides for beginners how to buy
- Accepts credit card
- No verification for small purchases
- Supports fiat currencies (EURO & GBP)
Cons of CoinCorner
- High fees
- Long registration process
- No other cryptocurrencies
- Limited region coverage
CoinCorner is the perfect place to start, provides a simple and secure user interface for bitcoin exchange. However, the platform is designed for investors who don’t have a technical background and looking for a simple exchange platform which is easy to access with CoinCorner features. As a result, CoinCorner has over 1,50,000+ customers and its services are trusted by the bitcoin community. Besides, It is possible that CoinCorner will expand its services and lower their prices in the future.
Hope you found all the information in this CoinCorner review that you were looking for. In the same way for more such updates and trending news subscribe to our newsletter.