Cryptocurrency Exchange

Coindeal Exchange – Complete Review of the Malta-Based Exchange

Everything You Need To Know About Coindeal Exchange

  • Coindeal offers Maker fee and Taker fee are as low as 0.20% and  0.30% 
  • It supports Wide-range of Crypto and 7 fiat deposits USD, EUR, GBP, RUB, PLN, CHF & KWR
  • One of few exchanges to support Bank Transfer and Credit cards. 

If you’re an expert or just started with cryptocurrency (or thinking too), finding a good and reliable cryptocurrency exchange platform is troublesome. Coinpedia lists out all the standard crypto exchanges in the space and presents a detailed review and this review is about Coindeal Exchange. This review will represent Origin, Pros and Cons, Fees, Supported coins and payments, How to use the account and the other authentic details you can rely on.

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Introduction to Coin Deal

Coindeal is a Bitcoin and Cryptocurrency exchange Platform that offers Crypto trading of 40+ currencies and supports purchase with 7 fiat currencies. A Beginner-friendly exchange platform that supports Bank Transfer and credit card options.

Launched in March 2018 by Kajetan Mackowiak, Adam Bicz and Alex Strzesniewski. The exchange has gained immense popularity since its inception, however, the aims are to expand blockchain technology to all industries worldwide.

Coindeal claims to use high-end security measures that include SSL along with Cloudflare security features, IP Whitelisting, KYC verification and 2FA authentication. Additionally, they also use IP Whitelisting method to offer more benefits to users.

Coindeal offers attractive maker-taker fees of 0.3% and 0.4% respectively. The customer support also works round the clock in multiple languages serving users around the world. The exchange has registered with the US regulators FinCEN and obtained VQF License from Swiss regulators. Moreover, they have applied for a license in Malta too.

Interestingly, Coindeal has released its own token CDL Token on its CoinDeal Card and also accessible on both desktop and mobile.

Coindeal Pros and Cons

Pros

  • Enables highest-ever security standards
  • User-friendly trading platform
  • Allows fiat deposits from bank and credit card.
  • Competitive trading fees.
  • Engages users to gather their feedback through voting

Cons

  • Limited range of crypto-assets
  • Higher withdrawal fees compared to other exchanges

Coindeal Fees

Coindeal charges a maker fee of 0.29% and a taker fee of 0.39% for a Basic account. However, the charges vary for higher accounts :

  1. Basic account holders, the maker fee is 0.29% and taker fee is 0.39%
  1. Premium account holders, the maker fee is 0.25% and the taker fee is 0.35%.
  1. VIP account holders, the maker fee is 0.20% and taker fee is 0.30%.

Interestingly, Coindeal offers more discount on the trading fee for CDL tokens holders. 

coindealfees

Note:

  • When you place an order, that gets a match immediately, then you are considered as a taker and the fees charged will be in between 0.39% and 0.125% depending on the level.
  • When you place an order, which takes time to get a match, you will be considered as maker and maker fee will be charged ranging from 0.29% to 0.05% for your order now termed as maker order.

Coindeal deposits and withdrawal

Deposit methods, fees and limits

Coindeal has different deposit methods and fees depending on the currency. 

  • EUR:- Coindeal offers Bank transfers, SKRILL, E-Pay, Netteller and Advcash as deposit methods. The deposit fees with bank transfer, E-Pay and Netteller are free. Whereas, Skrill and Advcash deposit methods charge 3% and 0.5% respectively.
  • USD:- Coindeal offers Bank Transfers free above 50K USD, SKRILL deposits with 3% deposit fee whereas Netteller with 1% deposit fee and also no fees on E-Pay & Advcash deposit methods.
  • GBP:-Coindeal offers free deposits on E-Pay and Advcash. Bank transfers cost 9GBP and SKRILL deposit method costs you 3% fee.
  • PLN:-Coindeal offers Skrill and Netteller deposit methods with no deposit fees. They are also coming up with free bank transfer deposits very soon.
  • KRW:-The only deposit method on Coindeal is Skrill with 3% deposit fee.
  • CHF:-The only deposit method on Coindeal is Skrill with 3% deposit fee.
  • RUB:-Coindeal offers deposits via Payeer which is temporarily suspended however, Advcash offers zero deposit fee.

Coindeal withdrawal methods, fees and limits

  • EUR:-Coindeal offers bank transfers, SKRILL, E-Pay, Netteller and Advcash as withdrawal methods. Withdrawal with Advcash is free whereas all other methods are charged with 9EUR.
  • USD:-Coindeal offers Bank transfers, SKRILL, E-Pay, Netteller and Advcash as withdrawal methods. Withdrawal with Advcash is free whereas all other methods are charged with 9USD.
  • GBP:-Coindeal offers Bank transfers, SKRILL, E-Pay and Netteller as withdrawal methods. The deposit fee for E-Pay is 9GBP and rest all withdrawal methods are free.
  • PLN:-Coindeal offers Bank Transfer and Skrill withdrawal methods with 9PLN as withdrawal fee. However, withdrawing using Netteller attracts no fees.
  • KRW:-The only withdrawal method on Coindeal is Skrill with 12000KRW as withdrawal fee.
  • CHF:-The only withdrawal method on Coindeal is Skrill with no withdrawal fee.
  • RUB:-Coindeal offers withdrawal via Payeer with 9RUB as withdrawal fee and Advcash with zero withdrawal fee.

Coindeal bitcoin deposit and withdrawal – Other Cryptos added 

Coindeal offers no deposit fees on Bitcoin, Ethereum, Ripple, Litecon or any crypto-asset deposit, but the withdrawal fees vary depending on the asset. The withdrawal fees of some of the popular cryptos are,

  • Bitcoin:- 0.0004BTC for address beginning with BC1…and 0.0008 for address beginning with 1…. and 3…
  • Ethereum:- 0.02ETH
  • Ripple:- 1XRP
  • Litecoin:- 0.07LTC
  • Bitcoin Cash:- 0.009 BCH

Kindly refer to the official fees page of Coindeal for a detailed withdrawal fee on all cryptocurrencies.

Coindeal supported currencies

Coindeal supports 46 cryptocurrencies like BTC, ETH,  LTC, BCH, XRP, DASH, NANO, XVG, BCN, FTO, DOGE, TRX, BCHSV, etc and many more.

Also, it supports 7 fiat currencies that include, EUR, GBP, USD, CHF, KWR, PLN and RUB.

Is Coindeal Safe and Regulated?

Yes, Coindeal is licensed under US regulators, FINCEN under the MSB registration number 31000146609933 and also has obtained a VQF license, issued by FINMA, Switzerland with registration number 100610. 

Additionally, on January 24, 2020, Coindeal filed an application to obtain the MFSA License from Malta.

On the safety terms, Coindeal maintains a separate bank account exclusively for accepting client funds in EURO. Coindeal claims zero possibility of a hack on the user’s funds either from outside or within the exchange. The steps are taken to assure the safety of user’s funds include,

  • The system is built using microservices-based architecture and secured by the most advanced SSL standard incorporated with Cloudflare security features.
  • Each time a user logs in, he needs to enter a private key.
  • The user needs to enter the authorization data which is restricted to his knowledge only for any activity on Coindeal.
  • 2-Factor Authentication (2FA) set-up
  • AML/KYC verification process.
  • Email and phone confirmations for any deposit or withdrawal
  • Use IP Whitelist
  • 90% of the user’s funds are stored in cold wallet protected by multi-signature.

Coindeal Key Features

  • Native SegWit address support: Unlike other platforms, Coindeal allows depositing funds on Bech32 address. The exchange is contributing to lightning Bitcoin network and doing everything to make your resources safer and transactions quicker.
  • Many cryptocurrencies: CoinDeal introduces new cryptos systematically based on the community’s feedback.
  • 100% uptime: The platform service is fully operational 24/7. Users can also be sure they will have open access to their money all the time. Moreover, the exchange ensures users to be up to date with the best opportunities the market may bring you.
  • Ultimate transparency. You don’t have to worry about lack of funds to make payouts. Coindeal secures your payouts by having a contribution in cryptocurrencies. You can also check the account balance of our cryptocurrency exchange platform anytime you want.
  • Real-time auditing:  Coindeal does time checks to make sure that every coin is in the right place. Without the risk of double funds.
  • Company accounts: They have offered separate accounts for corporate and private users.
  • 24/7 Support: CoinDeal has 24/7 professional support which is always ready to answer your questions.

How to Register an Account on Coindeal?

  1. Step 1:-

    Go to the official page and click on ‘Register now’ at the top right corner.

  2. Step 2:-

    Enter your email id and your unique password. Also, read and agree to the terms of conditions. Then tick on the captcha box and click ‘Create Account’

  3. Step 3:-

    Coindeal will send a verification link on your email id. Click on the link and complete the registration process.

  4. Step 4:-

     You will be redirected to another window. Enter your personal information with phone number. You can also set up google-authenticator to make your account more secure.

How to Deposit Funds in Coindeal?

  1. Step 1:-

    Go to the official webpage of Coindeal and log-in to your account.

  2. Step 2:-

    Click on the ‘Wallets’ tab to go to the wallet page.

  3. Step 3:-

    You can find all the currencies(fiat and crypto) list on the page. Select the fiat currency you want to deposit.

  4. Step 5:-

    You will be displayed with all the available deposit methods for that particular currency. Select the deposit method and provide with the required details including the amount.

  5. Step 4:-

     Select ‘+’ in order to deposit.

How to Withdraw from Coindeal?

Step 1:- Go to the official webpage of Coindeal and log-in to your account.

Step 2:- Click on the ‘Wallets’ tab in order to go to the wallet page.

Step 3:- You can find all the currencies(fiat and crypto) list on the page. Select the fiat currency you want to deposit.

Step 4:- Select ‘-’ in order to Withdraw.

Step 5:-  You will be displayed with all the available withdrawal methods for that particular currency. Select the withdrawal method and provide with the required details including the amount.

How to buy bitcoin on Coindeal?

Step 1:- Go to the official webpage of Coindeal and log-in to your account.

Step 2:- Click on the ‘Wallets’ tab in order to go to the wallet page.

Step 3:- You can find all the currencies(fiat and crypto) list on the page. Select the currency you want to buy. In this example let’s consider bitcoin using a credit card.

Step 4:- Select Buy with credit card option.

coindeal

Step 5:- You will be redirected to Coindeal’s partner service BuyCoinNow which enables secure BTC to buy online. If you are registered, enter the login details. Also, you can create a new one if you do not have.

buy

Step 6:- Select the desired payment and confirm it at the bottom of the page. 

payment details

How to Sell Bitcoin on Coindeal?

Step 1:- Go to the official webpage of Coindeal and log-in to your account.

Step 2:- Go to the market view and search for the desired BTC pair in order to select the desired pair. For eg, BTC/USD or BTC/EUR

Step 3:- Click on ‘Sell’ 

Step 4:- To enter the price you will be provided with three options,

  • MARKET – You can enter the price manually
  • STOP LOSS – Enter one of the prices available on the market
  • ANY PRICE – USe the price of last executed transaction on the exchange.
buysell

Step 5:- Enter the amount of BTC you want to sell and click on ‘Sell’.

Coindeal Tokens and Coindeal Card

Coindeal Tokens(CDL)

CDL Token is a native token of Coindeal exchange, launched recently. The total supply of CDL token is 50,000,000 and While writing this review the price of 1 CDL token is $0.03052315.  90% of the generated tokens will be distributed to users. 

CDL can be traded in pairs with other currencies like BTC, USD, etc in the same platform. 

With CDL you can discount your trading fees, vote for new coins, use to trade on multiple markets, gain access to additional trading features and their social trading platform. 

Interesting fact! Staking over 150 CDL will give you a 0.0% maker fee and 0.025% taker fee.

Coindeal Card

Coindeal launched debit cards to all crypto holders to enable the payments all over the world including cash withdrawals from ATM’s in local currencies. The user needs to pre-order the debit card. A reward of 20CDL is also gifted with every request of a card. However, only the first 50,000 users can pre-order the card.

Receiving a Coindeal crypto debit card is possible when,

  • A user is registered and verified at the second level of verification on the exchange.
  • A user has downloaded and connected mobile application
  • A user has made the first deposit and first trade on any of exchange markets.

Coindeal Affiliated Program

Coindeal also offers an affiliated program by which the users can earn an additional 20% from a fee on every transaction made by their referrals.

My Review in Nutshell 

Coindeal is a Standard Cryptocurrency exchange that seems to be helpful for beginners as well as traders who do regular trading. I’m impressed by its fiat deposit and discount on CDL token holding feature. Though the fees are comparatively a little high then ____ and liquidity is less, but we can still finish our trades successfully. I also Liked the Support panel and the user-friendly interface. Id Suggest to readers to talk with already existing users. 

FAQ’s

How long do the deposits and withdrawals take?

Withdrawal and deposits depend on the currency. However, the standard time of withdrawal/deposit is 1 hour.

Is it possible to cancel the pending order?

Yes, you can cancel the pending order.

Is Coindeal accessible on mobile?

Yes, Coindeal has an App which is compatible with Android and IOS app.

What is IP Whitelist?

Whitelisting is a practice of identifying entities that are provided with a particular privilege, service, mobility, access or recognition. 

Summary
coindeal exchange review
Article Name
coindeal exchange review
Description
CoinDeal is a cryptocurrency exchange platform which came into existence in March 2018 in Malta. The exchange was founded by Adam Bicz, Filip Dzierżak and Kajetan Maćkowiak.
Author
Qadir AK
Publisher Name
coinpedia
Publisher Logo
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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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