Coinfloor cryptocurrency exchange review

A beginner’s guide to the Coinfloor global cryptocurrency exchange, including its features and fees.

Coinfloor uses the tagline “the UK’s No. 1 Bitcoin exchange” and it certainly has made its mark over the past six years. Founded in 2012, with a focus on reliability, trust and security, its goal is to provide a safe and easily accessible platform for users to trade and buy bitcoin.

No reviews yet. Write a review


Fiat currencies




Product Name Coinfloor Cryptocurrency exchange
Fiat Currencies GBP, EUR, USD, PLN
Cryptocurrencies BTC, ETH
Deposit Methods Bank transfer (ACH)
Trading Fee 0.1-0.3%
Deposit Fees Fees vary
Withdrawal Fees Fees vary

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

What is Coinfloor?

Coinfloor is a British-based cryptocurrency exchange that allows users to buy and sell bitcoin (BTC). It was the first peer-to-peer marketplace for bitcoin anywhere in the world and brings together buyers and brokers on a safe and reliable platform.

It offers 24/7 trading access and operates with a 100% cold storage policy. All bitcoins are received, stored and sent out from within multiple underground vaults that Coinfloor claims have the same security standards as the Bank of England.

Coinfloor’s system has been built so that no single person, server, vault location or device failure could compromise the integrity of a user’s bitcoins. British law sets strict data protection standards for storing clients’ details, and providers must also use 2-factor authentication for additional security.

Which cryptocurrencies can I buy and sell?

As of March 2021, Coinfloor only allows you to trade BTC.

Available countries

Coinfloor is a global exchange that offers its services to users in most countries around the world, including the US.

The Coinfloor exchange is available to traders and buyers holding fully verified Coinfloor accounts as well as those depositing a minimum of 2,500 GBP/EUR/USD/PLN via international bank transfer or holding a BTC balance.

Which payment methods are accepted?

You can deposit funds into your Coinfloor account using BTC.

You can also use these fiat currencies:

  • US dollars (USD)
  • Euros (EUR)
  • Pounds sterling (GBP)
  • Polish zloty (PLN)

For fiat and cryptocurrency operations, Coinfloor charges a flat deposit and withdrawal fee to cover bank and blockchain charges as well as operational costs for processing the transfer.

According to Coinfloor’s website, deposits are accepted to currency-specific client accounts via SWIFT and SEPA. Your own bank may charge you additional fees for sending or accepting an international transfer, so make sure you’re clear on those before proceeding.

How to use Coinfloor

To set up an account with Coinfloor, fill in your name, date of birth, address and country of residence. You’ll be prompted to add your mobile phone number so that an SMS message can be sent with a 2-factor authentication code. Add this code to the online form to gain full access. Once you’ve been approved on the platform, you must provide the following before you can make a trade:

  • US citizens must disclose their correct nationality during registration and use their US passport as identification
  • Valid passport with a high-quality color picture rather than a scan; you’ll need to include the full ID page and the page next to it
  • For non-UK national ID cards, users must submit one image that shows both sides of the ID card
  • Driver’s license

Once you’ve been approved, log in to your Coinfloor account and click on the Exchanges navigation header to make a deposit. Click Access Trading, select your desired cryptocurrency and click Buy or Sell.

The time it’ll take for your funds to arrive varies according to the network confirmation time of each available cryptocurrency.

Coinfloor fees and charges

Creating a Coinfloor account is free of charge. Storing BTC in Coinfloor’s secure vaults is also free of charge. However, when you place a trade on Coinfloor, maker and taker fees apply:

30-day trailing trading volume

0.30%< 500,000< 500,000< 500,000< 2,000,000
0.20%500,000 – 1,000,000500,000 – 1,000,000500,000 – 1,000,0002,000,000 – 4,000,000
0.10%> 1,000,000> 1,000,000> 1,000,000> 4,000,000

BTC deposits are free of charge and there’s a minimum deposit amount. In December 2017, Coinfloor made the decision to incrementally increase fiat and cryptocurrency deposit minimums, but decided to suspend the change in April 2018. Keep an eye out for possible increases in the future.

There’s a nominal charge for BTC withdrawals to cover miner fees. There are also minimum deposit and withdrawal amounts across the board:

AssetDeposit feeMinimum deposit amountWithdrawal feeMinimum withdrawal amount
Bitcoin (BTC)0.0000 BTC0.0100 BTC0.0005 BTC0.0050 BTC
Pound sterling (GBP)2.50 GBP250.00 GBP5.00 GBP250.00 GBP
Euro (EUR)1.50 EUR1000.00 EUR1.50 EUR500.00 EUR
Polish zloty (PLN)0.00 PLN2500.00 PLN1.00 PLN5.00 PLN
US dollar (USD)10.00 USD2500.00 USD15.00 USD20.00 USD

Note: Coinfloor holds client fiat currencies (GBP, EUR, PLN and USD) in an account at LHV Bank in Estonia, a secure and internationally recognized bank.

Are there any transfer limits?

There are no transfer limits listed on the Coinfloor website, but you may wish to contact Coinfloor directly to find out whether any limits apply to your account.

Customer support

If you have a problem or a question regarding your Coinfloor account, you can submit a support ticket online in either English or Polish. There are also a number of answers to frequently asked questions in the help section on your dashboard. Neither phone nor live chat support is offered on the website at the time of this writing.

Pros and cons


  • Simple and straightforward user interface
  • Mobile trading apps available for extra convenience
  • 2-factor authentication and trading password for extra security
  • 100% cold storage of user funds
  • Fast and easy sign-up process


  • Limited range of coins compared to some other exchanges
  • High minimum deposit amounts
  • No live chat support

Compare alternatives to Coinfloor

Coinbase Digital Currency Exchange

eToro USA LLC Cryptocurrency Trading

Go to site
Go to site

Supported Cryptocurrencies


Supported Cryptocurrencies


Deposit methods

Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay

Deposit methods

Wire transfer, Online banking

Trading Fee

Fees vary

Trading Fee

Fees vary

Withdrawal Fees

Instant Card Withdrawal: Up to 1.5% of the transaction plus a minimum of $0.55
Outgoing Wire Transfer: $25
Fees vary by location and payment method.

Withdrawal Fees

None. Minimum withdrawal amount is $50.

Compare 40+ cryptocurrency exchanges on the market

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site