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 so that you don’t need a desktop computer to trade there.
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, too bad, you’ll have to choose one of the other exchanges.
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
This platform for crypto 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 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 cryptos, so new crypto investors are actually restricted from trading at this site. If you don’t have any crypto but want to start trading at this exchange, you will first have to purchase cryptos from another exchange and then, as a second step, deposit them here. To find an exchange accepting fiat currency deposits, just go to our Exchange List and look for green checkmarks in the “wire” or “credit” columns.
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.
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 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: