What is CoinCorner?
Founded in 2014 on the Isle of Man by Danny Scott CoinCorner is a European-based Bitcoin exchange to help users buy Bitcoin easily. This cryptocurrency broker provides a mobile wallet that allows users to sell, transfer, buy Bitcoin and other cryptos by offering various payment options. The exchange platform has more than 2 million registered users and supports over 45 countries; 40% of its users are from the United Kingdom. CoinCorner is alleged to have worked with the Isle of Man government to develop a regulatory framework for national cryptocurrency companies. The IOM Financial Services Authority designated the company as a Designated Business in May of 2016. This further demonstrates its adherence to federal anti-money laundering and anti-terrorist financing laws.
CoinCorner is a well-known peer-to-peer exchange where users can trade cryptos with other users at competitive prices without any hassles. Recently this exchange has added more altcoins such as Ethereum, Litecoin, and Ripple. The coins offered by the platform can be purchased, stored, or sold, but they cannot be withdrawn. This platform provides a service known as CoinCorner Concierge, and it is useful for investors who would like to buy and sell more than USD 100,000 worth of Bitcoin, Ripple, Ethereum, or Litecoin. This has been developed for institutional investors and high-net-worth individuals.
Additionally, the exchange platform has a limited set of functionality, which is to be expected from a platform that solely sells Bitcoin. The fact that this is also a dedicated mobile app is also a great touch. Their direct-to-wallet capability is a powerful feature, and the fact that this is also a dedicated mobile app is also a nice touch. The platform is appealing and simple to use in general, albeit these are not unique advantages.
