According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Proprietary platform
- Investment programs
Our Evaluation of CoinCorner
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinCorner is a high-risk cryptocurrency exchange with the TU Overall Score of 2.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinCorner clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
The website of the CoinCorner cryptocurrency exchange has a simple but effective interface. All the instruments for cryptocurrency trading are placed in conveniently structured sections.
Brief Look at CoinCorner
The CoinCorner cryptocurrency exchange, created in June 2014, is registered in Douglas, the capital city of the Isle of Man within the UK. A month after the exchange’s creation, its official website was launched, and in September, its mobile app was developed. In four months, the CoinCorner crypto exchange took a leading position in the U.K. crypto market.
The CoinCorner crypto exchange is geared primarily towards British users but also supports over 40 countries. It accepts fiat money (EUR, GBP, and USD) and uses four digital currencies: Bitcoin, Ethereum, Litecoin, and Ripple.
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- Low fees for depositing fiat funds and for cryptocurrency trading;
- Official license with the number 129003C;
- A simple but effective interface that is easy to use;
- Over 200 thousand users;
- Official registration as an EMD agent (FRN 903018);
- Quick performance on any device;
- The exchange is centralized and governed by British financial regulators;
- The platform supports the Bitcoin Lightning network;
- Proprietary CoinCorner debit cards for working with Bitcoin.
- To make payments, users must be verified;
- There are no TradingView tools for plotting charts and tracking fluctuations in rates of cryptocurrency assets.
TU Expert Advice
Author, Financial Expert at Traders Union
CoinCorner provides a range of services including a proprietary trading platform, investment programs, and accounts in EUR, USD, GBP, Bitcoin, Ethereum, Litecoin, and Ripple. With a low minimum deposit, it offers easy access to trading digital currencies and boasts a user-friendly interface. Additionally, CoinCorner's proprietary debit cards and integration of the Bitcoin Lightning Network enhance transaction flexibility for crypto trading enthusiasts.
On the downside, CoinCorner imposes higher-than-average trading fees and withdrawal charges. The absence of advanced analytical tools like TradingView may limit appeal for technical traders needing in-depth market analysis. Moreover, CoinCorner’s lack of U.S. regulation and limited asset offerings may not suit traders seeking comprehensive regulatory oversight and a broad range of tradable assets. Overall, CoinCorner may be better suited to beginners and casual traders who require basic crypto transactions and a straightforward interface.
CoinCorner Summary
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Demo, standard, and a P2P platform |
| 💰 Account currency: | EUR, USD, GBP, Bitcoin, Ethereum, Litecoin, and Ripple |
| 💵 Deposit / Withdrawal: | Bank cards, credit cards, Р2Р cryptocurrency trades, and external services |
| 🚀 Minimum deposit: | 10 GBP |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 1%-1% |
| 🔧 Instruments: | 3 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: | Investment programs |
| 🎁 Contests and bonuses: | Offered regularly |
For using debit or credit cards from banks, which are not registered in the U.K., the CoinCorner exchange charges a fee of 2.5%. Deposits made with cards of British banks, as well as fiat deposits made through SEPA, are free of charge.
CoinCorner Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, CoinCorner demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- 2FA
- No successful hacks history
- Not U.S regulated
- No facial recognition
- No investor protection fund
- Not tier-1 regulated
CoinCorner Security Factors
We also compared CoinCorner against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| CoinCorner | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is CoinCorner a regulated crypto exchange?
CoinCorner is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean CoinCorner is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at CoinCorner?
Yes, KYC verification is mandatory at CoinCorner. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is CoinCorner available?
CoinCorner complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Nigeria, Malaysia, South Africa, Canada, Pakistan, Philippines, Israel, Latvia, Netherlands, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, Bangladesh, Thailand, Egypt, Sri Lanka, Belgium, Saudi Arabia, Vietnam, Japan, Uganda, Ghana, Morocco, Finland, Korea, Algeria, Azerbaijan, Peru, Austria, Chile, China, Mexico, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Georgia, Tajikistan, Armenia, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact CoinCorner support.
Is CoinCorner available in the USA?
CoinCorner is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
CoinCorner commissions and fees
CoinCorner received a 5.2/10 score for its trading fees. While CoinCorner is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
- P2P fee applied
What are CoinCorner trading fees?
We analyzed CoinCorner’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
CoinCorner trading fees vs competitors
| CoinCorner | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 1 | 0,22 | 0 | 0.194 |
What are CoinCorner deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC |
Does CoinCorner offer P2P trading?
No, CoinCorner does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
CoinCorner received a 5.5/10 rating for its deposit and withdrawal services. While CoinCorner covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No Google Pay option
- No P2P transfer option
- No PayPal option
Deposit and withdrawal options
CoinCorner supports the following deposit and withdrawal options: Bank Wire, Bank Card, Crypto.
CoinCorner Deposit and withdrawal options vs competitors
| CoinCorner | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is CoinCorner minimum deposit?
The minimum deposit at CoinCorner is 10 GBP USD/USDT or 0,0001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
CoinCorner minimum deposit vs competitors
| CoinCorner | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 GBP | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does CoinCorner support fiat money?
CoinCorner supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
CoinCorner received a score of 2/10 in this category, indicating a modest offering of assets and markets. While CoinCorner covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Only 3 supported coins
- Crypto futures not available
CoinCorner supported coins and markets vs competitors
We compared CoinCorner with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| CoinCorner | OKX | Kraken | |
| Supported coins | 3 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
CoinCorner passive income options vs competitors
We also compared CoinCorner with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
| CoinCorner | OKX | Kraken | |
| Staking | No | Yes | Yes |
| Yield farming | No | Yes | Yes |
| Copy trading | No | Yes | Yes |
Trading apps & tools
CoinCorner received a score of 4.8/10 The mobile and web apps provide a satisfactory experience with standard tools, , but the lack of professional-grade features limits their appeal to advanced users.
- Mobile indicators allowed
- Positive user feedback on the iOS app
- App data protection with 2FA
- No access to Copy Trading
- Advanced orders not available
- No trading bots for traders
Trading apps
CoinCorner provides web and mobile apps for both Android and iOS users, with an average rating of iOS App Score on the App Store and Android App Score on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the CoinCorner platform is for mobile use.
| CoinCorner | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | No | Yes |
| Extra trading platforms | No | MT4 |
Does CoinCorner offer a desktop app?
No, CoinCorner does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does CoinCorner offer advanced charting with TradingView integration?
No, CoinCorner does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Level 7, Victory House, Prospect Hill, Douglas, Isle of Man |
| Official site | https://www.coincorner.com/ |
| Contacts |
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