Operating from the United Kingdom, Coinfloor is a digital asset exchange that is reputed for being one of the UK’s longest-running cryptocurrency exchanges and has continued to provide regular bitcoin audits since its inception. They offer access to trade cryptocurrencies, such as bitcoins, using a proprietary trading platform. The Exchange has several unique features, namely: Autobuy , which allows traders to buy Bitcoin from their banking app; Insured and Cold Bitcoin Storage; Bitcoin Audits; and more. The Exchange makes available a selection of education resources and trading tools, whilst a client support team is available to assist traders.
Coinfloor Review Introduction
In this Coinfloor review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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Coinfloor Platforms & Tools
The Exchange offers an in-house-developed trading platform known as the Coinfloor Trader. It is designed with a simple interface that has just the basic functionalities for trading bitcoins. The Exchange makes the Coinfloor Trader available as a desktop application for Windows and Mac computers. The desktop version has the extra advantage of no-trade session timeout and allows trades without any access to other functions like withdrawals. There is also a web version that can run directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge.
Traders are also provided with the Trade API, a powerful trading tool that enables automated trading and exchange connectivity.
Coinfloor Research & Education
The Exchange provides traders with a selection of educational materials that centres around the philosophy, economics, and technology behind bitcoins. The materials include blogs, press releases, and an FAQ section that answers most of the most common questions that traders may have.
Coinfloor Trading Accounts
The Exchange offers a single live trading account on its website. Clients are not allowed to open multiple accounts. The minimum deposit required to operate an account is $1, while a commission fee of 2% is charged on trades.
Coinfloor Account Funding
Coinfloor accepts the following payment methods for both account deposits and withdrawals: cryptocurrency, SEPA, and Swift transfers. The transaction processing time may vary depending on the payment method in use.
Coinfloor Customer Service
The Exchange’s client support team is always around to respond promptly to traders’ general, technical, and account-based inquiries. They can be reached through email, social media, or by visiting their physical office in London.
Coinfloor is a trading name of Coinfloor Limited, a company registered in England and Wales. However, there is no regulatory information on the Exchange’s website at the moment, which some potential traders and investors may see as a red flag.
Coinfloor Review Summary
Coinfloor is a cryptocurrency exchange that was launched in 2013 in the United Kingdom. The Exchange allows you to easily and securely trade bitcoins using an in-house-developed trading platform that is available in the desktop and web versions. The Exchange provides several trading and learning tools, and there is a client support team to assist traders at every point. The minimum deposit required to operate an account is $1, while a commission fee of 2% is charged on trades. However, there is no regulatory information on the Exchange’s website at the moment, which may discourage potential traders from trading them.
It is worth mentioning that some of the trading products and services in this Coinfloor review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Coinfloor broker website which you can visit by using the link below.
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.