Coinfloor is a cryptocurrency exchange that is regarded as the UK’s longest-running crypto-exchange, and claims to be the world’s only platform that has provided regular bitcoin audits from the beginning. The Exchange was built on the core values of trust, security, and reliability with a goal to create a safe and accessible place to trade cryptocurrencies, such as Bitcoin.
Coinfloor Review, Pros & Cons
- An intuitive trading platform
- A good selection of educational resources
- Some useful trading tools
- Various cryptocurrencies
- No MetaTrader trading platforms
- Limited financial products
- Limited funding options
- No telephone or live chat support
- No USA clients
In this detailed Coinfloor review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Based in the United Kingdom, Coinfloor is a cryptocurrency exchange that offers a range of unique trading services, including the Autobuy, which allows traders to buy Bitcoin automatically from their banking app with standing orders or bank transfers; insured and cold Bitcoin storage; Bitcoin audits; and more. The Exchange provides traders with a good selection of educational resources and a client support team to aid them.
Coinfloor Limited is a company registered in England and Wales. There is no regulatory information on the Exchange’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The information on the Exchange’s website is not directed at residents of the United States, Canada, Singapore, Japan, Australia, and New Zealand or any particular country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Some Coinfloor features and products mentioned within this Coinfloor review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with its proprietary trading platform, the Coinfloor Trader. It is a powerful, intuitive, and transparent platform for buying and selling bitcoins. The platform has a simple and basic user-interface with just the basic functionalities to enable its user’s exchange bitcoin without stress. It is available as a desktop and web platform. The Coinfloor desktop application has the advantage of no-trade session timeout and allows trades without any access to other functions like withdrawals. Meanwhile, the web version runs directly in most modern browsers without the need to download or install any additional software.
Coinfloor Trading Tools
The Exchange provides traders with a range of useful trading tools that are aimed at ensuring a seamless trading process. One of them is a powerful API, which enables automated trading and exchange connectivity.
Coinfloor’s website contains a good selection of educational resources that enable traders to learn about the philosophy, economics, and technology behind Bitcoin. These include Blogs, Press Releases, an FAQ section, and more.
The Exchange offers Bitcoin trading.
Coinfloor Accounts & Fees
Traders are allowed to create a single live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this Coinfloor review. It is imperative to ensure that you check and understand all of the latest information before you open a Coinfloor broker account for online trading.
Coinfloor provides traders with a knowledgeable client support team that is on hand to respond to their various inquiries. They can be contacted via email, social media, or by visiting their physical office in London.
Coinfloor Deposit & Withdrawal
The Exchange allows traders to deposit and withdraw funds via Cryptocurrency, SEPA, and Swift wire transfer. The transaction fees and processing time may vary depending on the payment method in use.
Coinfloor Account Opening
It is quick and easy to open a Coinfloor live trading account. Just click on the Sign-Up button at the top right corner of the website and fill in the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Coinfloor is a Bitcoin-focussed Exchange that provides traders with powerful and intuitive trading platforms. They have the ‘Autobuy’ functionality for automated buying and selling of Bitcoins. Traders are provided with a selection of trading and learning resources, as well as a client support team to aid their trades. However, the Exchange is unregulated.
Trading cryptocurrencies involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether they are permitted to use the services of Coinfloor Limited based on the legal requirements in their country of residence.