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 CoinFalcon consists of four parts: general information, fees, deposit methods and security.
CoinFalcon is a cryptocurrency exchange from the United Kingom. United Kingdom is the country which without a doubt has the most cryptocurrency 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.
The exchange does not allow US-investors to trade on this exchange. So, if you are a US-investor and you want to trade at CoinFalcon, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.
CoinFalcon Trading fees
This platform for cryptocurrency trading does not charge different fees between takers and makers. Usually, you say that such exchanges’ trading fees are “flat”. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. CoinFalcon’s flat trading fee is 0.25%. 0.25% can be argued to be the industry average, so no competitive advantage or competitive disadvantage for CoinFalcon here.
CoinFalcon Withdrawal fees
CoinFalcon does not charge any withdrawal fees. However, when making a 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.
CoinFalcon does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at this cryptocurrency exchange site. If you don’t have any crypto but want to start trading at this cryptocurrency exchange site, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.
One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:
- Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
- Exchanges handle of course a lot of cash or coin deposits and withdrawals.
Our security score is the result of testing the webpage of each exchange at Observatory by Mozilla (https://observatory.mozilla.org/) which has helped over 125,000 websites by teaching developers, system administrators, and security professionals how configure their sites safely and securely.
CoinFalcon’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: