Review on CoinCorner by Japheth Ayuba
Coincorner has a limited goodness to it's greatness
Coincorner is basically a buy and sell exchange for cryptocurrencies with fiat equivalents of Great Britain Pound GBP and Euros EUR. The exchange was initially meant for users in the European continent but has extended it's services to other countries of which it currently services over 45 countries spread across the world. The exchange has had no security breach record since it's establishment in 2014. The exchange currently has support for only Bitcoin which has been a major slack for the exchange from which the exchange has a 24Hour volume of 16 Thousand US Dollars only. A good boost to this exchange is it's affiliation with major online retail companies such as Aliexpress, Acer Fiverr Gillette and many more from which when it's users makes use of this affiliated retail stores, earn a cash rebate of up to 32% in
The exchange is accessible as a website and its app on iOS and Android devices. So far, the Exchange has been lacking in it's rate for exchange of fiat for cryptos and it's deposit and withdrawal fees. The deposit fee for Bank transfer GBP (international) is a fixed 25GBP withdrawal fee of 35EUR for Euro bank transfer and trade fees with it's lowest being placed for 1GBP/EUR for transaction less than or equal to 10GBP/EUR. The only feature of this exchange that I have come to love is it's affiliation with major retail stores from which there is a cashback rewards in Bitcoin other than that, I can't recommend this exchange to frequent traders
Pros
- Has a good security track record of no security breach since launch in 2014
- The Coincorner exchange is affiliated with major online retailers such as Aliexpress, Acer, Fiverr, Gillette etc. of which when it's users make use of this affiliation could earn 32% Bitcoin rebates
- The exchange is offered on its website and applications accessible for both IOS and Android devices
- Over 45 countries supported as it extends even beyond the European continent
Cons
- The only cryptocurrency supported on this exchange is Bitcoin
- High deposit rates for Bank transfer GBP of 25GBP
- Withdrawal fees of 35EUR for Euro bank transfer
- High trade fees for transactions less than or equal to 10GBP/EUR is 1GBP/EUR which is on the extreme high side
