Cryptogamingguide's take on coincorner
"Award Winning Exchange"
Like many things in life, CoinCorner first sees the solution to a problem. Back in 2014, it was difficult to buy Bitcoin in the UK and it was even harder to buy it somewhere you trusted.
Install CoinCorner. From day one, their goal was to make buying Bitcoin faster and easier for people in the UK and around the world.
Calling the Isle of Man their home, they have taken a major step in building trust in the Bitcoin industry. From working closely with the Isle of Man Government on Bitcoin regulation to educating people from all walks of life through the media, public talks, and more. CoinCorner raised £ 250k in 1 round. This was the seed cycle that was launched on March 21st, 2015.
CoinCorner features
Coincorner breakdown
Coin corner enables you to Buy and sell Bitcoin (once send, receive, store and transfer it!) Manage your cryptocurrency portfolio. Quickly buy cryptocurrency with your credit or bank card. Use many major payment methods including bank transfers, SEPA and Neteller. CoinCorner is a leading Bitcoin exchange and their goal is to make buying Bitcoin faster and easier. They are a cryptocurrency exchange and web wallet provider that provides an easy-to-use platform for people to buy and sell bitcoin. CoinCorner is a regulated exchange, and only supports four cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. Users of this platform can send and receive Bitcoin to other users with a simple QR code at their address.
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CoinCorner Review
CoinCorner is one of the best exchanges I've used. Like so many things in life, you get what you pay for because their fees are a bit high. . Buying crypto is easy and fast with their mobile app.
How does it work?
When you shop online, the CoinCorner browser extension lets you know that you can get a Bitcoin refund on your purchase.
With thousands of high-end products to buy, you can earn Bitcoin in everything from electricity, fashion, and health and beauty to home and garden, pets, technology, things you can do, and more.
Installing an extension is an easy way to save and earn Bitcoin while purchasing everyday products and services.
One can even Buy Bitcoin in less than 10 minutes
- Register. Get started by signing up for a free account – it only takes a few minutes!
- Deposit. Support your account immediately with a credit or bank card, EFT, SEPA, or Neteller.
- Buy. Go to the Buy and Sell page and use your money to buy Bitcoin.
Pros
- - Quick and easy to use through their mobile app.
- - Safe and secure.
- - Buy Crypto with credit or debit card.
Cons
- - Higher fees than competitors. (See their fees below)
- - App needs updating, can be buggy.
CoinCorner Fees
METHOD | FEES | LIMIT |
Bank Transfer GBP (UK) | Free | 5 GBP – No limit |
Bank Transfer GBP (International) | 25 GBP | 30 GBP – No limit |
Bank Transfer EUR (SEPA) | Free | 5 EUR – No limit |
Bank Transfer EUR (SWIFT) | Service not offered | Service not offered |
Debit/Credit Card | 2.5% | 10 GBP/EUR – Variable* |
Neteller | 3.2% | 20 GBP/EUR – 5000 GBP/EUR |
Bitcoin | Free | No Limits |
Bitcoin lightning | Free | No Limits |
Ethereum | Service not offered | Service not offered |
Light coin | Service not offered | Service not offered |
Story of Success
- July 2014- Launched CoinCorner.com
- September 2014 – Launched our mobile app, API, and payment gateway
- October 2014 – Became one of the first places in the UK to allow customers to buy Bitcoin with credit and debit cards.
- March 2015 – Received a small amount of Angel Investment which meant we could move to a bigger office.
- June 2015 – Launched a summer internship program allowing 4 local students to work in the Bitcoin industry CoinCorner turned 1 Hired 2 new staff members, taking our team from 4 to 6.
- September 2015 – Announced support for EUR and rolled out our services across Europe.
- March 2016 – Granted Designated Business status by the Isle of Man Government
- June 2016 – CoinCorner turned 2
- September 2016 – Shortlisted for the PokerStars Digital Champions Award at the Isle of Man Awards For Excellence
- July/November 2017 – Shortlisted (again!) for the Digital Champions Award at the Isle of Man Awards For Excellence. Moved to bigger offices to accommodate our growing team.
- January/August 2018 – Implemented SegWit, Set up and ran our first Lightning node, and Introduced GBP card withdrawals.
- November 2018 – WON the PokerStars Digital Champions Award at the Isle of Man Awards For Excellence (third time lucky!)
- April 2019 – Added support for UK banking services with UK Faster Payments. Shortlisted for Best Advertising Campaign at CIM’s Excellence Awards for our ‘Be More Brenda’ campaign
- May 2019 – New share scheme was introduced, making all employees shareholders of CoinCorner. Launched CoinCorner Checkout – our Bitcoin payment solution for UK businesses
- October 2019 – Tech Team started contributing to Bitcoin Core development. Launched MtSocks – Bitcoin socks that teach people about Bitcoin in a new and exciting way
- June 2020 – Launched the first Bitcoin cash-back service for the UK and Launched our Bitcoin Auto Buy (DCA) service
- October 2020 – Launched Britcoiners – a Bitcoin podcast hosted by the team, with industry-led opinions on important stories from the week, and Launched our Bitcoin cash-back browser extension and the product search feature
- December 2020 – Hired even MORE staff and ended the year as a team of 20 Partnered with Bitrefill to enable customers to buy gift cards with Bitcoin from Bitrefill, directly from CoinCorner.
- January/May 2021 – Moved to EVEN bigger offices to accommodate the EVEN bigger team, Added support for the Bitcoin Lightning Network.
June 2014- Founded CoinCorner
- September 2021 – Acquired Coinfloor and Became a carbon-neutral Bitcoin business
