CoinFalcon Review 2023
- What Is CoinFalcon?
- How Does CoinFalcon Work?
- Products and Services
- Pros and Cons
- Registration Process
- How to Buy/Sell Cryptos on CoinFalcon?
- Deposit and Withdrawal Methods
- Accepted Payment Methods
- Supported Currencies & Countries
- CoinFalcon API
- Referral Program
- Security and Privacy
- Customer Support
As the era of cryptocurrency is nearing, traders are adopting digital assets globally. It has led to a quick surge in its demand, leading to an emergence of multiple exchanges. Nowadays, users can access hundreds of crypto exchanges providing different features and offers. But with such vast choices, which one is the best? While there is no absolute winner, names like CoinFalcon exchange are shared among numerous traders. The UK-based exchange is known for its speed, transparency, and security.
Moreover, CoinFalcon even boasts some cheapest trading rates in the crypto world. Over its 4+ years of market experience, the platform has become a crowd-pleaser. A significant reason behind its popularity is its token support with over 20 cryptocurrencies and fiat currency compatibility. Additionally, it allows customers to deposit funds using a debit card, credit card, direct bank transfer, and cryptocurrencies.
However, despite such features, traders opt for CoinFalcon reviews before accessing its services. That is why here is a detailed CoinFalcon exchange review to explain its services, fees, security, and more.
|Trading Pairs||BTC/EUR, BTC/ETH and more|
|Supported Fiat Currencies||Euro|
|Minimum Deposit||Depends on Currency & Payment Methods|
|Transaction Fees||Depends on Currency & Payment Methods|
|Withdrawal Fees||Depends on Currency & Payment Methods|
|Customer Support||Email,Live chat, & FAQ section|
What Is CoinFalcon?
CoinFalcon is a UK-based crypto exchange launched back in 2017. Jordan Steeves owns the platform known for its efficient trading solutions. CoinFalcon offers instant crypto buying/selling procedures alongside the security of an offline cold storage wallet or offline crypto wallet. Users can buy over 20 popular digital assets like Bitcoin, Litecoin, Ethereum, COIN, etc., on the website. Its account creation and KYC verification process are seamless, making it ideal for new customers.
Moreover, the platform boasts an API service to please its experienced user base. CoinFalcon exchange delivers an affordable experience by not charging any deposit or withdrawal fees. Its trading fees start from 0.25% and vary as per the transaction limit and payment method. Customers can deposit money using different methods like VISA, cryptos, and bank transfers. The only major downside of using the cryptocurrency exchange is its negligence towards US residents. Due to the country’s strict guidelines, CoinFalcon does not operate in the territory. Since it focuses on European clients, it is a crowd favorite in the region.
How Does CoinFalcon Work?
One of the most common reasons behind traders reading CoinFalcon reviews is to understand its working. The platform operates like a standard cryptocurrency exchange, allowing users to buy/sell digital assets. To ensure optimal user security, it requires users to complete the account creation process before starting trading. Once customers create an account, the option to complete the KYC becomes viable. However, users can still trade cryptocurrencies without verification.
Traders can go through over 20 tokens to choose the best one and select a preferred payment method. Several trading pairs like BTC/EUR and BTC/ETH, expanding users’ trading alternatives. The trading fee can vary depending on the 30-day trading volume, cryptocurrency, and payment method. Moreover, experienced users can even opt for its API service for minimal charges.
Features of CoinFalcon
No CoinFalcon review is complete without mentioning its features:-
- Its primary features include its API service, cold wallet storage, and crypto trading operations. Starting with cryptocurrency trading, CoinFalcon exchange allows customers to buy and sell cryptocurrencies instantly.
- Furthermore, it offers several alternatives in both tokens and payment methods. In addition, the platform ensures comprehensive security with features like KYC verification and two-factor authentication.
- Moreover, it maintains 98% of user funds in cold storage wallets to foolproof the assets. CoinFalcon provides a responsive mobile app for both Android and iOS users.
- In addition, it caters to an experienced audience with its API service. Customers can access the service on the website at the bottom right corner.
Products and Services Offered by CoinFalcon
The reason why most CoinFalcon user reviews are positive is because of its services. Here is a brief outlook of services customers can avail on the platform:-
Crypto trading is the most well-known service offered by the exchange. It provides 20+ cryptocurrencies along with multiple trading pairs, presenting a well-rounded trading experience.
Customers can access the platform on both Android and iOS devices. The mobile app offers the majority of the features needed to conduct seamless trades.
Offline Cold Storage
The Europe-centric platform secures 98% of its funds in offline cold storage. Thus, it eliminates the risk of losing the funds even in case of a breach.
It allows users to add another layer of security with 2FA. Traders can use the option after successfully creating an account on the website or app.
If customers possess enough knowledge, they can create custom APIs to access CoinFalcon. The feature adds a hint of personalization in the trading process for experienced traders.
CoinFalcon Review: Pros and Cons
Every CoinFalcon review must enlist its benefits and drawbacks. Therefore, here is a quick overview of CoinFalcon’s pros and cons:-
|User-friendly interface.||Limited crypto support.|
|Quick account creation and KYC verification.||Restricted in the US and several other countries.|
|20+ cryptocurrencies.||Low liquidity.|
|Multiple payment methods.||One stablecoin supported.|
|Minimal trading fees.||No leverage.|
|Two-factor authentication.||FIat support for European clients only.|
|Offline wallet storage.|
|10 dollars referral reward.|
Registration Process of CoinFalcon
CoinFalcon has made it mandatory for users to create an account to start trading cryptocurrencies. The registration process for the exchange is simple, and here is a step-by-step guide for it:-
- Reach the official website of CoinFalcon.
- Go to the top-right section and select the Get Started option.
- Fill in important details like email address, password, and country. It supports 100+ countries so that users can choose the correct one.
- Now, tap on the create button account option.
- Users will receive a verification email now.
- Open the registered email address and tap on Verify Email Address.
- The account is created, and customers can add a payment method to deposit funds and trade cryptos.
How to Buy/Sell Cryptocurrency on CoinFalcon?
Users must own a CoinFalcon account to buy and sell cryptocurrencies on the exchange. Follow the steps mentioned above to create an account. Now, follow the given steps:-
- Fill in the login credentials to open the profile.
- There will be a “cryptocurrencies” section on the page.
- Choose the desired cryptocurrency.
- Choose the buy or sell option.
- Fill in the amount the user wants to trade.
- Tap on the Preview Buy option.
- Verify the details and continue.
- Fill the OTP if the 2FA is on.
- Wait for the transaction to complete.
Generally, cryptocurrency exchanges charge three fees: trading fees, deposit fees, and withdrawal fees. But due to CoinFalcon’s wide range of services, it incurs charges like:-
- Trading Fees
- Deposit and Withdrawal Fees
- API Fees
When it comes to payment methods, the charges vary depending on the chosen option. For debit and credit cards, the fees change as per customers’ card type and country. There are no deposit fees if traders deposit cryptocurrencies. The withdrawal fees can vary depending on the method chosen. Your API fees are decided depending on the 30-day trade volume. For detailed information about its fees schedule click here.
CoinFalcon Withdrawal and Deposit Methods
The platform excels when it comes to withdrawals and deposits. It supports various methods for both operations. Here is an overview of the alternatives:-
- SEPA bank transfers
- Credit/Debit cards
The bank transfer option facilitates instant trade, but the alternative is currently available in 33 countries only. Since the platform accepts not many fiat currencies only one that is (Euro), it can be considered an entry-level cryptocurrency exchange.
CoinFalcon Accepted Payment Methods
As mentioned above, the exchange supports multiple popular payment methods like:-
- SEPA transfer
- Debit/Credit card
CoinFalcon Supported Currencies and Countries
Unlike many exchanges, the platform offers over 20 cryptocurrencies and is available in 100+ countries as per user reviews and our research. While CoinFalcon was entirely restricted for US residents, it is now open for some states. However, the platform does not operate in the majority of the nations with strict financial regulations.
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Litecoin (LTC)
- Lamden (TAU)
- RaiBlocks (XRB)
- KIN (Kin)
- CRED (Verify)
- Crypterium (CRPT)
- SophiaTX (SPHTX)
- Golem (GNT)
- Dentacoin (DCN)
- Tron (TRX) and more.
- Antigua and Barbuda
- Bolivia, Plurinational State of
- Bonaire, Sint Eustatius and Saba and more.
The platform offers an Application Programming Interface (API) to experienced users. It allows traders to use its features by developing customized applications. Customers can access the function on the bottom section of the website. While it is available for everyone, only experienced users should use it.
CoinFalcon Referral Program
Besides the standard crypto trading, the exchange offers a referral program. Customers can earn 5 Euros or 10 dollars after inviting new users to the platform.
The feature is available on both the web trading platform and mobile application. It generates the reward after the invite spends 200 Euros on the cryptocurrency exchange. Traders can create a referral link by going to the bottom section of the website.
CoinFalcon Mobile App
The platform caters to modern users with mobile apps for both Android and iOS users like many exchanges do. The app has critical functionalities, allowing users to trade crypto, track portfolios, and reach customer support. In addition, it comes with an intuitive interface, making it simple for users to complete the trade.
CoinFalcon Mobile App
CoinFalcon Security and Privacy
Like many exchanges, CoinFalcon integrates multiple security standards to ensure comprehensive user safety. Its website is SSL certified, while it uses offline storage to maintain 98% of digital funds. Moreover, it supports two-factor authentication to help users add an extra layer of security. Despite its unregulated nature, the platform has not faced any major breach since its inception in 2017.
CoinFalcon Customer Support
As per the review, it offers an extensive FAQ section with several articles regarding common customer issues. Moreover, customers can reach them using the live chat option. It even provides a dedicated team for customer support, and if needed, users can contact the executives. They also have social media accounts like Twitter which may be useful if needed.
CoinFalcon Review: Conclusion
As a UK-based exchange, CoinFalcon has been around since 2017. The platform also has a long crypto exchange list and also offers intuitive and straightforward crypto trading solutions to users. It provides a quick account creation and verification process to help customers get started. Its security is impeccable, with features like 2FA and cold storage wallets.
Moreover, its country and cryptocurrency support add to its functionality. This Coinfalcon review supports multiple payment methods and caters primarily to European clients. Overall, CoinFalcon can be deemed as a legit crypto trading platform with premium services and features.
How Do I Use CoinFalcon?
Traders can use CoinFalcon by reaching its website and creating an account on the exchange.
Is CoinFalcon Safe?
Yes, CoinFalcon uses cold storage to secure user funds and allows two-factor authentication.
Where Is CoinFalcon Based?
CoinFalcon is based in the United Kingdom.
Is CoinFalcon Regulated?
No, CoinFalcon is not regulated, but it offers secure solutions in 100+ countries.