CoinDeal Review 2024
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
- $1
- Proprietary platform
- All major cryptocurrencies, seven fiats, large trading volumes, staking investments, a referral program with a VIP level, commissions depend on the volume of CDL in the account
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
- $1
- Proprietary platform
- All major cryptocurrencies, seven fiats, large trading volumes, staking investments, a referral program with a VIP level, commissions depend on the volume of CDL in the account
Our Evaluation of CoinDeal
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
CoinDeal is a high-risk cryptocurrency exchange with the TU Overall Score of 2.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinDeal 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. CoinDeal ranks 74 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
CoinDeal offers favorable trading terms and commissions on trade transactions below the market average (up to 0.29%/0.39% for a maker/taker). The platform has a user-friendly mobile application that uses advanced methods of user data protection. All the popular cryptocurrencies and fiat assets are represented. Passive profit is available through staking and referral programs. The exchange offers a full range of modern features.
Brief Look at CoinDeal
The CoinDeal exchange is an international cryptocurrency trading platform. Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash, TRON, and dozens of other cryptocurrencies are traded here. You can also operate with US dollar, euro, Polish zloty, Swiss franc, British pound, and Korean won. The exchange has its proprietary trading terminal and convenient mobile applications for iOS and Android. There is OTC trading for large-volume trades in addition to margin trading. As for passive earnings, there are staking and freezing of cryptocurrency on the account and a standard referral program that allows you to invite partners and earn profits. Funds on traders' accounts are stored using the cold method. Advanced data verification and cryptographic protection protocols are used. You can introduce your coin to the site.
- the most popular cryptocurrencies;
- seven fiat currencies;
- large trading volumes, high liquidity;
- application for mobile trading;
- high level of platform security;
- progressive investment (staking);
- profitable referral program;
- listing (function for introducing your coin).
- technical support doesn’t have a call center.
- Demo accounts are not available.
TU Expert Advice
Financial expert and analyst at Traders Union
CoinDeal is a young cryptocurrency exchange founded in 2018. At the moment it is one of the most demanded exchanges in the world market. The large trading volumes and a constantly expanding pool of assets shall be considered the key advantages. All popular cryptocurrencies are traded on the exchange. There are also fiat pairs that include the EUR, USD, GBP, CHF, KRW, and PLN. The website is convenient both for traders from Europe, Asia, and the USA.
The website has a typical trading terminal, but the mobile trading application was developed from scratch. The interface is simple and versatile, and it has all the basic functions. The cryptocurrency exchange offers profitable investment programs based on the staking strategy. Also, passive income is possible using the referral program by inviting other users to the site.
The ease of working with the platform, the intuitiveness of the functionality, and low commissions are noted by traders and investors. Commission fees are below the market average. Trading fees depend on the trading volume. It is 0.29%/0.39% of the trade for novice traders. Communication with technical support is only through the ticket system and is considered a disadvantage. There are no demo accounts or tutorials. Nevertheless, in terms of its parameters, the platform outstrips most of its competitors.
CoinDeal Summary
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, SEPA, Neteller, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, EUR, USD, GBP, CHF, KRW, PLN |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | All major cryptocurrencies, seven fiats, large trading volumes, staking investments, a referral program with a VIP level, commissions depend on the volume of CDL in the account |
| 🎁 Contests and bonuses: | n/a |
The CoinDeal cryptocurrency exchange is appreciated by novice traders because there is no minimum deposit. This means that after verification, you can enter any amount in any available asset to start trading. Some experienced traders call the lack of leverage for margin trading a disadvantage, but this is a subjective position. Technical support on the website works twenty-four/seven, but you can contact it only through the website (tickets in the corresponding section). The company doesn’t have a contact phone number or email address.
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Commissions & Fees
Moreover, commissions depend on the user's level. On most cryptocurrency exchanges, the level is determined by the trading volume, but on CoinDeal it depends on the volume of the CDL coin in the account. At the zero level, while there are no coins on the account, the commission charged is higher than the designated fee of the standard account, which is 0.29/0.39%. With an increase in the CDL on the account, the commission decreases to 0.05%/0.125% for the maker/taker at the highest level – ninth (with ≥150,000 CDL on the account).
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.39% per application | Yes |
The website doesn’t charge fees for depositing funds in cryptocurrencies and currencies, but there are withdrawal fees that depend on the asset traded. For example, the fee is €9 for withdrawals in EUR and 9 USD for withdrawals in US dollars. Please note that the cryptocurrency exchange charges an inactivity fee. If you haven't made a single transaction, and the amount on your account exceeds 0 within 6 months, the exchange will deduct 9 USD+0.79% of the funds credited to your account counting from the last deposit to your account. The inactivity fee will be charged monthly thereafter until the account balance reaches 0 or until you start trading again.
| Broker | Average commission | Level |
|---|---|---|
|
$0.39 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
CoinDeal cryptocurrency exchange offers an investment program in the form of staking. You provide your funds as a loan to fellow exchange partners who need loans for their blockchain projects. To invest funds, register and verify on the exchange, follow the appropriate directions, and select the currency and its amount. Voila!
At the moment, there are three assets available for investment – CDL, BTC, and USDT. The amount of deposits is limited by the current program. Read more on the staking menu on the main page. There is also a calculator that allows you to calculate the profit depending on the asset and the amount of the deposit. Funds are not nominally debited from your account, but frozen on it. After 72 hours after you have defined the freeze deposit, you can unfreeze it in whole or only part of it.
The profit is 8% per annum for CDL and 2% per annum for BTC and USDT. Due to the programming adaptability (the ability to unfreeze the deposit at any time), interest is recalculated every second and transferred to your main account permanently. The site doesn’t take commissions for staking transactions. An investor can invest in all three cryptocurrencies at once for any period.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinDeal’s affiliate program
The CoinDeal referral program doesn’t differ from most other cryptocurrency exchange programs at the basic level. Each user gets a personal referral link after registration and verification. You can place it on any site without restrictions.
A trader who follows your link, registers, and verifies its account on the website will become your referral. You can have any number of referrals. At this stage, the program is single-level, that is, you earn only on your referrals and don’t earn on your partner’s referrals. The referral program is unlimited – you get payments from the partner as long as he trades on the site.
After the referral has made the first deposit and started trading, you get 20% of the commission fees on each of his trades. Funds shall be accumulated in a special account and transferred to your account once a calendar month. They are not subject to any commissions or restrictions on their use.
If you invite over 100 active users, the exchange will automatically accept you to the VIP club. VIP-club members get extra terms:
In addition to 20% from first-level referrals, you start earning 4% from commissions of second-level referrals (users who were invited to the website by your partner-referrals).
You get an extra progressive discount on all commissions.
As a VIP club member, you will have access to a personal technical support manager. Your applications are considered ahead of others. You will also be the first to get analytical mailings.
User Satisfaction