Fees

Taker fee

0.40%

Maker fee

0.30%

Withdrawal fee

Bitcoin Logo 0.0008

Funding methods

Wire Transfer

Yes

Credit Card

Yes

Crypto

Yes

US Investors Permitted

Cross

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Coindeal Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Coindeal consists of four parts: general information, fees, deposit methods and security.

General Information

Coindeal is a Maltese cryptocurrency exchange (registered office being Villa Malitah Mediterranean Street, The Village St. Julians STJ 1870 Malta). The exchange launched in March 2018 but has already popularity in the global market. With respect to the 24 hour trading volume, on the date of this review (6 November 2018), Coindeal’s volume was USD 30 million. This places Coindeal in the top 50 of all the world’s cryptocurrency exchanges.

There is plenty of information on the company behind this exchange (Coindeal Limited). There is also plenty of information (including pictures) on the founders still running the exchange: Adam Bicz, Kajetan Maćkowiak and Filip Dzierżak. The extensive information on the company running the exchange and the people in charge of the exchange does – in our opinion – provide some extra level of comfort.

Coindeal offers trading in 20+ cryptocurrencies. This is more than its domestic competitor MBAEX offers. You can trade all of the biggest cryptocurrencies here and a few smaller as well.

US-investors may not trade here today, but the exchange is according to information to Cryptowisser “working really hard to get licensed in the USA”. Accordingly, if you’re a US-investor and you’re in love with Coindeal, don’t be heartbroken, you might be able to trade here shortly. In the meantime, use our Exchange Finder to find out which exchanges that currently support US-investors.

Coindeal Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the trading views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Coindeal:

Coindeal Trading View

Coindeal Fees

Coindeal Trading fees

This trading platform’s trading fees for takers are 0.40%. This fee is slightly above both the global industry average and the domestic industry average. The global industry average is arguably around 0.25%. One should consider whether Coindeal has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.

One small consolation for traders is that the maker fees are 0.30% (i.e. a 10% discount compared to the taker fees).

Coindeal Withdrawal fees

Many exchanges lure you into safety with lower trading fees and then knock you down with their withdrawal fees when you want to cash out. Withdrawal fees vary a lot between exchanges. Most exchanges have a fixed fee that varies between cryptocurrencies, but there are also exchanges that also have percentage based withdrawal fees. The latter meaning that you pay e.g. 0.20% of your withdrawn amount in withdrawal fees.

Coindeal charges you 0.0008 BTC when you withdraw BTC. This is a competitive fee and there are many higher fees out there. For instance, MBAEX charges 0.001 BTC and CoinsMarkets charges 0.002 BTC. So from both an international and a domestic perspective, Coindeal’s withdrawal fees are low.

Deposit Methods

At Coindeal, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.

Coindeal Security

Coindeal’s security score is B-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is a very good grade and definitely places this exchange among in the very top of all the exchanges we have performed this test on.

***

There are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes 9 such exchanges with very impressive security scores:

  1. Paxful
  2. Bitflip
  3. Paybis
  4. Cryptology
  5. Bitonic
  6. HitBTC
  7. BX Thailand
  8. Gatehub
  9. Poloniex

Coindeal Review - Cryptowisser Logo

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