A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of CoinFalcon consists of four parts: general info, fees, deposit methods and security.
CoinFalcon is a crypto exchange from the UK. United Kingdom is the country which without a doubt has the most crypto exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.
CoinFalcon markets these three things as main advantages with its trading platform. The trading is instant, they have great transparency in their fees and they have secure storage (98% of all digital funds in offline storage – cold storage). These things are indeed very good and we understand why they promote them in particular on their website. The trading is even so instant that you can buy, sell and deposit with only three steps each.
The platform is also available for mobile with the CoinFalcon 2.0 app, so you can trade on-the-go.
The exchange does allow crypto trading (crypto fund transfers) for some US states. Since 2019, the exchange has been restricted operation in some states in the US. Bank transfers are allowed through TransferWise since SWIFT has been taken out of their payment options for users outside Europe.
CoinFalcon 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 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 crypto 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 see that it feels right to you. The below is a picture of the trading view at CoinFalcon:
CoinFalcon Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.
CoinFalcon’s fee for takers is 0.20%. 0.25% can be argued to be the industry average taker fees, so 0.20% is neither particularly low or particularly high.
However, this exchange does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong part of CoinFalcon's offering and can be really helpful for people interested in not picking up existing orders from the orderbook.
CoinFalcon Withdrawal fees
CoinFalcon does not charge any withdrawal fees for SEPA bank transfers. However, when making a crypto withdrawal you still have to pay the network fee. There are a few exchanges that themselves pay this network fee for you, but most do not do that. Only charging the network fee is thus a strong competitive edge in the market and distinguishes CoinFalcon from most other top crypto exchanges. The exchange has a fees page on its website for user's reference.
CoinFalcon currently accepts three main deposit methods – Credit/Debit cards, SEPA bank transfers and Crypto funds transfers. This makes it easier for users to fund their accounts and obtain their chosen crypto assets. You can buy cryptocurrency instantly with MasterCard/Visa or though SEPA bank transfers which is currently available in 33 countries. The fact that CoinFalcon accepts fiat currency deposits at all also makes it an "entry-level exchange".
One might ask why security is even a feature that we have looked for at the different exchanges. Two reasons:
- Exchanges store a lot of personally identifiable info. From names to addresses, to government ID details, taxpayer ID numbers and a lot more; and
- Exchanges handle a lot of cash or coin deposits and withdrawals.
CoinFalcon’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/analyze/coinfalcon.com). This is in line with industry average when it comes to the exchanges we have reviewed.
We hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: