Launched in 2014, CoinCorner is a Bitcoin exchange that offers a mobile wallet to let you easily buy, sell, and transfer Bitcoins and other digital currencies. The mobile and desktop app, allows its members to transfer cryptocurrencies efficiently and safely while on the go quickly. As long as you are 18 or older, you can use CoinCorner for all your digital currency needs.
CoinCorner focuses on cryptocurrency users who reside in the United Kingdom and other countries other than the United States. The central office for CoinCorner according to its site www.CoinCorner.com, is located in Douglas, Isle of Man. You will also find on their website their valid registration number authorized by Isle of Man government that allows CoinCorner to operate legally within the cryptospace.
Looking further into the company, you will discover that the founders of CoinCorner are Phil Collins and Daniel Scott. Located on the site, you will find that CoinCorner lists all the major social media sites like Facebook, Twitter, Youtube, Pinterest, and Google+ which further credits the company and its services.
CoinCorner offers their services to 46 countries. For a complete list of countries that CoinCorner services, check their website at www.CoinCorner.com and scroll to the bottom of the page and click on the link, “Countries We Allow.” Unfortunately, if a country that you live in is not listed, the site can’t help you to obtain cryptocurrency.
While CoinCorner doesn't offer any tangible goods, its sole purpose is to help with the exchange of digital currencies. The site states that a customer may purchase Bitcoin, Ethereum, Ripple, and LiteCoin through their mobile or desktop app. Of course, some fees are attached to each transaction.
Should you decide to make a direct deposit of 2000 GBP/EUR or less, there is a 2.5% administration fee for CoinCorner. The same fee applies to those who deposit with a Debit or Credit Card as well as Neteller.
For Incoming Bitcoin, the site charges no fees. However, should you wish to exchange currencies, there is a 1% fee. If for some reason you request a refund, CoinCorner's fee is 5 GBP/EUR. The site clearly states that their bank or credit limit determines the maximum amount one can transfer into their account.
There is no registration fee as it is free to sign up. But, once you make a deposit and purchase crypto-currencies, a fee will occur.
CoinCorner offers members a reward of 10 GBP for referrals that sign up to the system and make a deposit of at least 100 GBP or more. All you have to do to become an affiliate is sign up for a free account via “Trade Doubler” and start sending out your referral link to friends, family, or anyone who might be looking for a company that will help them buy, sell, or trade cryptocurrencies.
Once the referral deposits 100 GBP/EUR into their account, the affiliate will earn their 10 GBP.
CoinCorner may not be available globally, but for those lucky countries that are on its list, this site offers a one-stop shop for all your digital currency needs. Since the company has been around for a few years and hasn't gone under, should put your mind at ease. The site has an extensive verification process to set up an account. You will need to show proof of identity as well as proof of an address.
Some may be turned off by the fees that are charged per transaction. However, the fees are reasonable compared to other companies. So if you are looking for an app that will help you to buy, sell, or transfer cryptocurrencies, look no further than CoinCorner. Of course, that is as long as you live in their designated territories listed on their site.
The only downside to CoinCorner is their affiliate program. It is unclear where the 10 GBP comes from or if it is taken from the referrals deposit.