Coinfalcon Exchange ReviewCentralized
Coinfalcon Exchange Rating Analysis
Coinfalcon is a UK-based exchange, offering users a modern, refined trading experience with low fees, and is not that known in the field for the ease of use that it displays.
The exchange is run by CEO Jordan Steeves, apparently solo, and has started operations in August 2017. We could not find any other public team members.
The volume on Coinfalcon is not substantial, although it is acceptable – provided they allow for their users to trade against EUR using bank transfer – and they have publicly spoken out against exchanges who fake their volume numbers. This approach, although less profitable for the exchange in the short term, is perceived by us as a wise move which, sadly, most exchanges do not share.
Although there was never a significant risk-related event involving Coinfalcon, in July 2018 they listed Dascoin, a known MLM scam that was under seizure and legal action by Polish authorities. As time went by, Coinfalcon did nothing to address this issue and Dascoin has remained tradable on the platform even after it was recently rebranded as Greenpower, ad continues its wrongdoings to this very day. While Coinfalcon sometimes delists certain credible currencies, it leaves on its platform shameful scams such as Greenpower, which severely reduces the exchange’s quality in our eyes.
As of June 2019, the GRN / BTC trading pair (Greenpower) boasts the highest volumes of all other pairs on the exchange, even beating out the BTC pairs.
To conclude, while it is not well-known in the larger crypto market, and they do provide a sleek UI and seamless fiat-onboarding experience, Coinfalcon is very weak in providing its users a safe range of assets to trade. Their decision to keep Dascoin on their platform, even after it was exposed as a scam, and even contributing to its rebranding by continuing to allow it to trade, makes us very wary of both its coin listing process and the exchange itself.
Coinfalcon Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
Coinfalcon Total Trading Pairs
Coinfalcon Margin Trading
Coinfalcon Deposit fees
No deposit fees, except for SEPA (1€) and SWIFT (1.8€)
Coinfalcon Fiat Deposit
Accepted Payment Method
Coinfalcon Native token
Native token smart contract
Coinfalcon Trading Markets
Coinfalcon Stablecoins trading
Daily Withdrawal Limit
Coinfalcon Withdraw fees
Full list of withdrawal fees here
Coinfalcon Withdraw fees discount
The fee discount calculation is done after every trade a user makes. The fee will apply instantly to the next trade a user makes.
Proof of Reserves
CoinFalcon is a digital assets exchange based in the United Kingdom. This platform allows users to trade cryptocurrencies, among the most popular ones are bitcoin, ethereum, litecoin, etc. A CoinFalcon exchange review claims that the exchange charges market takers fees of 0.20%, which could be reduced when it comes to large trades. Furthermore, market makers are not charged any fees. This was strategically established with the purpose to attract and increase liquidity.
Additionally, the company offers the possibility to exchange fiat currency. However, based on the reviews of CoinFalcon, this is only provided as an option for EU citizens. Nevertheless, it allows clients to buy bitcoin with a credit card and it does not offer any leveraged trading. Moreover, CoinFalcon does not allow US investors to trade. A CoinFalcon Exchange review also claims that the platform is not so friendly for first-time investors as fiat currencies are not allowed to trade or to purchase digital assets. Therefore, in order to start trading, investors need to currently buy cryptocurrencies from another exchange.
Regarding security measures, CoinFalcon claims to store as much as 98% of the funds in offline cold storage, which is known to be quite a safe option. On the other hand, the website does not seem to provide a two-factor authentication option, which is very popular among most exchanges. Finally, due to the company realization that many times investors make a mistake and end up sending tokens to the wrong address, CoinFalcon has decided to provide the service of returning those funds.
Coinfalcon Exchange Additional Information
Coinfalcon Establish date