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Coindeal

4 from 1 vote
Cyprus

Fees

Taker fee

0.4%

Maker fee

0.3%

Withdrawal fee

0.0008

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Coindeal – Detailed 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 Cypriote cryptocurrency exchange. There is plenty of information on the company behind this exchange (Verified Trading Solutions Ltd). There is also plenty of information (including pictures) on the people running the exchange: Adam Bicz (CEO), Kajetan Maćkowiak (CMO) and Filip Dzierżak (COO). The extensive information on the company running the exchange and the people in charge of the exchange is – in our opinion – comforting as it makes it less likely that the exchange is a scam.

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

US-investors may not trade here. If you’re a US-investor and you’re in love with Coindeal, don’t be heartbroken. There are plenty of other fish in the sea that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.

Fees

Trading fees

Coindeal’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). This is a nice aspect, but this exchange’s fees are taken together still slightly higher than average.

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. There are lower fees out there (some exchanges don’t charge withdrawal fees at all), but there are also 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.

Security

Coindeal’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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