Coindeal Exchange Review

CoinDeal is a cryptocurrency exchange based in Malta that was launched in March 2018. The platform has gained “spectacular popularity in the global market”, regardless of its new presence in the industry. The exchange claims that it aims to expand blockchain technology “not only in the financial system but in other industry branches worldwide as well.” CoinDeal supports over 40 cryptocurrency pairs as well as 7 fiat currencies, making the platform an entry-level exchange. The team behind CoinDeal pride themselves on the transparency, security and the innovative nature of the platform. Though it is relatively new, CoinDeal has quickly risen to be placed among the best cryptocurrency platforms.

The team behind CoinDeal consists of their main managers Kajetan Maćkowiak, Adam Bicz and Alex Strześniewski. They all have experience in the industry, having worked in various other brands and marketing projects. CoinDeal gives a lot of importance to transparency, hence a lot of information on the team can be found on both their website and online. This provides for a certain level of trust to be formed between the team and CoinDeal users. As the exchange aims to expand blockchain into various sectors, they are keen on hosting events and featuring various other activities for maximum interaction. One example of this is the Blockchain Summit that they host in London. They are also sponsors to the sports team Wolverhampton Wanderers FC, delivering on their promise to promote the cryptocurrency industry in other markets.

CoinDeal boasts trading fees of 0.3% for takers and 0.4% for makers. Compared to other certain cryptocurrency platforms, these are not particularly low fees, however, they are not high enough for it to be a deterrent for users. Fiat deposits can be made through both bank transfers and credit cards, making it easy and practical for new cryptocurrency investors to use the platform. As for security, CoinDeal uses a very sophisticated level of SSL, along with Cloudflare security features. As is done with many other exchanges, two-factor authentication (2FA) system is used. Withdrawals require confirmation via email to ensure maximum security, and the funds are stored in “cold wallets protected by Multisignature.”

CoinDeal is pretty accessible, as it features a mobile app alongside its well-crafted website, which can be downloaded on their website. The website features various language translations, such as but not limited to Chinese, English, German and Korean. It’s present on multiple social media platforms and provides 24/7 customer support. The platform is fully functioning every hour of every day and allows companies to have separate accounts on the platform. The website design is simple and sophisticated, allowing users to navigate it with ease.

CoinDeal has also been taking steps forward to provide even more accessibility for users around the world. Due to steps taken to comply with specific legal requirements, CoinDeal is now available in 13 states as of writing. The team are also working towards securing the Maltese VFA license. Overall this shows us that the team behind CoinDeal are working hard to push the exchange forward.