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
- Web platform
- Mobile Apps
- Isolated margin futures
- Reduced fees for higher trading volume.
Our Evaluation of Coinflare
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
Coinflare is a high-risk cryptocurrency exchange with the TU Overall Score of 2.34 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinflare 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.
Coinflare is committed to providing a safe and seamless trading experience. By combining robust security measures with an intuitive interface, it offers a comprehensive suite of tools to cater to traders of all levels.
Brief Look at Coinflare
Coinflare, formerly known as BITFLEX, is a user-friendly cryptocurrency exchange designed for both novice and experienced traders. It offers a range of trading options, including spot trading and isolated margin futures. Users can also engage in peer-to-peer (P2P) trading, instant cryptocurrency conversions, and participate in referral and affiliate programs. The platform prioritizes security and transparency, adhering to strict blockchain security and data protection standards.
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- Low minimum deposit requirements;
- Low fees for spot and derivatives trading;
- Partnerships with reliable companies for enhanced security;
- High-reward affiliate and partnership programs.
- Regional restrictions, including the U.S., Singapore, and China;
- No consistent passive income opportunities or beginner-oriented tools.
TU Expert Advice
Financial expert and analyst at Traders Union
Coinflare stands out as a user-friendly and secure cryptocurrency exchange. Its commitment to simplicity and robust security, bolstered by partnerships with industry leaders like Chainalysis and Coincover, attract traders of all levels.
The platform offers diverse trading options, including spot trading and futures with isolated margin, providing traders with greater control and risk management.
Coinflare's transparency, partnership programs, and intuitive interface make it a popular choice for those seeking a reliable and efficient trading experience.
Coinflare Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Spot and Futures |
| 💰 Account currency: | 12 cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrencies and bank card deposits via Simplex |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | Up to 1:100 for futures |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: |
Spot: 10 USDT Futures: based on contract |
| 💱 Commission: |
Spot: 0,1%-0,1% Futures: 0,022%-0,06% |
| 🔧 Instruments: | 85 supported coins, Futures. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, limit, and conditional |
| ⭐ Trading features: |
Isolated margin futures; Reduced fees for higher trading volume. |
| 🎁 Contests and bonuses: | Yes |
Coinflare offers fast and fee-free crypto conversions, spot and margin trading, and P2P exchange. The platform is accessible on any device, including smartphones and tablets.
Coinflare Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Coinflare 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.
- 2FA
- Cold wallet storage
- No successful hacks history
- No facial recognition
- Not tier-1 regulated
- No investor protection fund
- Not government-regulated
Coinflare Security Factors
We also compared Coinflare against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Coinflare | 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 Coinflare a regulated crypto exchange?
Coinflare is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Coinflare 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 Coinflare?
Yes, KYC verification is mandatory at Coinflare. 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 Coinflare available?
Coinflare complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Malaysia, Singapore, Iran, Islamic republic, Uganda, China, Iraq, Lebanon, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Ethiopia, Hong Kong, Afghanistan, Somalia. For the most up-to-date information on regional availability, please contact Coinflare support.
Is Coinflare available in the USA?
Yes, Coinflare is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Coinflare commissions and fees
Coinflare received a 7.25/10 score for its trading fees. While Coinflare is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are Coinflare trading fees?
We analyzed Coinflare’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.
Coinflare trading fees vs competitors
| Coinflare | Huobi Global | WhiteBIT | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,2 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,022 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,06 | 0,05 | 0,05 | 0.053 |
What are Coinflare deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 10 USD - USDT (ERC-20), 0,0004 BTC 0,01 ETH |
Does Coinflare offer P2P trading?
Yes, Coinflare offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Coinflare P2P Fees
Deposit and withdrawal
Coinflare received a 5/10 rating for its deposit and withdrawal services. While Coinflare covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- No deposit fees
- Bank cards accepted for instant deposits
- Many cryptocurrencies for deposits and withdrawals
- P2P for flexible transfers
- No PayPal option
- Bank transfers not available
- No Google Pay option
Deposit and withdrawal options
Coinflare supports the following deposit and withdrawal options: Bank card, Crypto.
Coinflare Deposit and withdrawal options vs competitors
| Coinflare | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Coinflare minimum deposit?
The minimum deposit at Coinflare is 1 USD/USDT or 0 BTC. The minimum trade size is 0,000001 BTC USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Coinflare minimum deposit vs competitors
| Coinflare | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 0,000001 BTC | 0,00001 | 1 |
Does Coinflare support fiat money?
Coinflare does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Coinflare received a score of 3/10 in this category, indicating a modest offering of assets and markets. While Coinflare covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Crypto futures available
- Other supported products
- NTFs not available
- Staking not available
Coinflare supported coins and markets vs competitors
We compared Coinflare 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.
| Coinflare | OKX | Kraken | |
| Supported coins | 85 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Coinflare passive income options vs competitors
We also compared Coinflare 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.
Contacts
| Official site | https://www.coinflare.com/ |
|---|
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