CoinCorner: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- CoinCorner Ltd, Isle of Man company number 129003C.
- Fees
- Spot taker: 1% per buy or sell (help-centre fee table updated 3 April 2025, archived 3 August 2025; live table not reachable).
- Risks and caveats
- Crypto and fiat balances held by CoinCorner Ltd are not covered by any regulator, ombudsman or compensation scheme, per its terms.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Exchange launched
- 2014
- Operator
- CoinCorner Ltd
- Official site
- coincorner.com
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is CoinCorner
CoinCorner is a Bitcoin-focused buy-and-sell platform founded in 2014 and operated by CoinCorner Ltd, a company registered in the Isle of Man. It offers bitcoin purchases by card or bank transfer, recurring buys, a multi-signature custody service (Vault), and GBP and EUR eMoney accounts provided through a partner. A separate UAE company holds a VARA broker-dealer licence and serves UAE clients for bitcoin only.
Good to know
- The Isle of Man registration is an anti-money-laundering registration; the terms state the crypto services and fiat wallet are not regulated by the Isle of Man FSA, the UK FCA or any other regulator. ↗
- No ombudsman, compensation or guarantee scheme applies to crypto or fiat balances held by CoinCorner. ↗
- GBP/EUR eMoney accounts and debit cards are provided by Mercury Foreign Exchange Ltd, which is FCA-authorised as an e-money issuer; they are available to residents of the UK, Isle of Man, Gibraltar, Guernsey, Jersey and the EEA. ↗
- In the UAE, the service is run by CoinCorner Virtual Assets Broker & Dealer Services L.L.C. and covers bitcoin only. ↗
- Vault keys are split between CoinCorner and AnchorWatch, with insurance underwritten by Lloyd's of London; Vault costs 1.50% a year, billed monthly. ↗
- Accounts with no login for 24 months are treated as inactive and charged a monthly administration fee. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | Buy and sell bitcoin by debit card or bank transfer, including recurring buys (broker model, no order book). |
| Custody / wallet | Vault: multi-signature custody with keys held by CoinCorner and AnchorWatch in several jurisdictions. |
| Fiat deposits | Personal and business eMoney accounts in GBP and EUR. |
| Staking / Earn | Stacking accounts for saving bitcoin within the account. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Isle of Man | CoinCorner Ltd | Registered Designated Business (categories: Lender, Virtual Asset Service Provider), registered 4 May 2016 | Isle of Man Financial Services Authority |
| United Arab Emirates (Dubai) | CoinCorner Virtual Assets Broker & Dealer Services L.L.C. | VASP Licence VL/26/05/001 for Broker-Dealer Services, issued 5 May 2026, status Active | Virtual Assets Regulatory Authority (VARA) |
Security and audits
- Keys are held offline in cold storage with multi-signature wallet infrastructure (company statement).
- Vault uses multi-signature keys across jurisdictions with insurance underwritten by Lloyd's of London covering loss of keys and unauthorised access.
Fees
| Parameter | Details |
|---|---|
| Spot taker | 1% per buy or sell (help-centre fee table updated 3 April 2025, archived 3 August 2025; live table not reachable). |
| Deposits | GBP (FPS) and EUR (SEPA) bank transfers free; debit card 2.5%; bitcoin deposits free (fee table updated 3 April 2025). |
| Withdrawals | On-chain bitcoin: 0.000035 BTC (~15 min), 0.0000125 BTC (~1 week) or free (~1 month); Lightning free; bank withdrawal 1 GBP/EUR without an eMoney account (fee table updated 3 April 2025). |
| Custody / wallet | Vault: 1.50% a year, billed monthly (as of 31 October 2026). |
Who can use it
- Verification: Identity verification is required to open an account; users must be 18 or older and live in a supported country.
- Not available to residents of countries under US, UN, EU or UK sanctions, or to sanctioned persons; users must reside in a country on CoinCorner's supported-countries list.
History
| Date | Event |
|---|---|
| 2014 | CoinCorner was founded with the aim of making bitcoin accessible. |
| 4 May 2016 | CoinCorner Ltd was entered on the Isle of Man FSA register of designated businesses. |
| 5 May 2026 | VARA issued a broker-dealer VASP licence to CoinCorner's Dubai company. |
Risks and caveats
- Crypto and fiat balances held by CoinCorner Ltd are not covered by any regulator, ombudsman or compensation scheme, per its terms.
- Custodial service: CoinCorner may refuse, hold or reverse transactions and suspend or terminate access under its terms.
- eMoney accounts are not covered by the UK FSCS or EU deposit guarantee schemes.
About the company
- Legal entity
- CoinCorner Ltd, Isle of Man company number 129003C.
- Headquarters
- 18c Carrs Lane, Tromode, Douglas, Isle of Man IM4 4RG (principal trading address on the FSA register).
- Founded
- 2014
- Parent company
- UAE affiliate: CoinCorner Virtual Assets Broker & Dealer Services L.L.C., The H Dubai Office Tower, Dubai.
Official links
- Website: www.coincorner.com
- Terms of use: www.coincorner.com/legal/iom/terms-and-privacy-policy
- Licences: www.iomfsa.im/registers/designated-business/?Id=66
- Licences: www.vara.ae/en/licenses-and-register/public-register
- Security: www.coincorner.com/vault
Questions and answers
Is CoinCorner regulated?
CoinCorner Ltd is registered as a designated business (virtual asset service provider) with the Isle of Man FSA, but its terms state its crypto services are not regulated by the FSA, FCA or any other regulator. Its Dubai company holds a VARA broker-dealer licence (VL/26/05/001).
Is CoinCorner legit?
CoinCorner Ltd is an Isle of Man company (number 129003C) on the Isle of Man FSA register since 4 May 2016, and its UAE affiliate is listed as Active on the VARA register.
What are CoinCorner's fees?
The help-centre table (updated 3 April 2025) lists 1% per buy or sell, 2.5% for debit-card deposits and free bank deposits; Vault costs 1.50% a year.
Does CoinCorner publish proof of reserves?
No proof-of-reserves report is published on its website.
Who owns CoinCorner?
The service is operated by CoinCorner Ltd (Isle of Man); shareholders are not disclosed on its website.
Sources
- CoinCorner — Home
- CoinCorner — About us
- CoinCorner — Terms of Use and Privacy Policy, Isle of Man
- CoinCorner — Legal and Regulatory (UAE)
- CoinCorner — Vault
- CoinCorner — Fees and Limits (archived 3 August 2025)
- Isle of Man FSA — Register entry: CoinCorner Ltd
- VARA — Public Register
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