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Review: CoinDeal cryptocurrency exchange

Andrew Munro
Andrew Munro
Last updated:  

Find quick and convenient purchases and access a wide range of coins on CoinDeal.

  • Good for convenient fiat purchases and a range of coins
  • Not so great for some excessive withdrawal fees

7

Fiat currencies

46

Cryptocurrencies

Details

Product Name CoinDeal Cryptocurrency Exchange
Fiat Currencies PLN, GBP, EUR, USD, KRW, CHF, RUB
Cryptocurrencies BTC, BCH, LTC, ETH, DASH, FTO, QTUM, XVG, BCN, LSK & 30+ more
Deposit Methods Bank transfer
Cryptocurrency
Epay
Payeer
Trading Fee Maker: 0-0.25%
Taker: 0.025-0.3%
Deposit Fees Fees vary
Withdrawal Fees Fees vary

Pros

  • Range of fiat options
  • Cryptocurrency selection

Cons

  • Some high withdrawal fees
  • Some illiquid markets
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about CoinDeal

What's in this review?

What fiat and cryptocurrencies are supported?

  • Supported fiat currencies: PLN, GBP, EUR, USD, KRW, CHF, RUB
  • Supported cryptocurrencies: Approximately 46 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer
  • Cryptocurrency
  • Epay
  • Payeer

What’s it like to use Coindeal?

1. Fiat currency trading

Find your fiat currency options clearly displayed on the home page.

2. Markets

Find and learn more about a range of coins.

3. Trading

Place buy and sell orders and trade cryptocurrency.

4. Create an account

Get started by creating an account on CoinDeal.

‹ ›

Fees and limits

The fees below are accurate as of 18 December 2019.

Platform trading fees

Account typeMaker feeTaker fee
Basic account0.3%0.4%
Premium account (US$19.99 per month)0.25%0.35%

Maker fees apply to the part of an order that is added to the books, rather than being filled immediately. Taker fees apply to any part of an order that is filled immediately.

Deposit and withdrawal fees

Deposit fees
Deposit methodFee
CryptocurrencyFree (network fees apply)
Bank transfer (EUR only)Free
ePay (USD, GBP, EUR only)Free
Mistertango (EUR only)Free
Skrill (PLN)Free
Skrill (all other fiat currencies)3%
Payeer (RUB only)0.95%
Withdrawal fees
Withdrawal methodFee
CryptocurrencyUp to US$10 equivalent
Bank transfer (EUR, USD, PLN, GBP)9 EUR/USD/PLN/GBP
ePay (USD, GBP)9 USD/GBP
Mistertango (EUR)9 EUR
Skrill (PLN, GBP, EUR, USD)9 PLN/GBP/EUR/USD
Skrill (KRW)12,000 KRW
Skrill (CHF)3%
Payeer (RUB)0.95% + 9 RUB

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Up to 3 days

Cryptocurrency deposit times will vary depending on network conditions, but typically they will be completed in under an hour.

Fiat currency deposits usually take up to three working days. Skrill and ePay deposits usually take two days.

Withdrawals

Clock icon for transfer speed

Up to 3 days

Cryptocurrency withdrawals will generally be completed in under an hour, but they may take 24 hours in rare cases.

Fiat currency withdrawals may take up to three business days, depending on the withdrawal method.

Is Coindeal safe to use?

  • Regulation. CoinDeal is registered in Malta. It is not a regulated financial institution, but it is regulated by the Swiss Financial Services Standards Association in Switzerland. It’s also registered with FinCen in the United States.
  • Verification process. Verification is required before you can trade on CoinDeal. This involves sending some personal information as well as identification, such as a passport or driver’s licence. CoinDeal may monitor transactions and collect additional data from third parties.
  • Security features. CoinDeal says it keeps 90% of user funds in cold storage and protects access to funds and other vital systems with multi-factor authentication schemes, requiring multiple keyholders. User passwords are hashed, and 2-factor authentication is available.

How do I create an account at CoinDeal?

Back to top

What else do I need to know about CoinDeal?

CoinDeal was founded in 2018 by a Polish team. It’s now registered in Malta, and while being largely European-focused, it also allows US traders.

It has a few points of difference compared to most other exchanges. One is that it has a premium account tier for US$19.99 per month, which gives access to private messaging groups, faster customer support and slightly lower fees.

Another is that it’s very community-centric. In addition to its exclusive and public community groups, it also holds periodic votes where its community members vote on which coin gets added to the platform next.

Many of its more obscure cryptocurrency offerings are the result of these votes.

In a nutshell

Pros

  • Range of fiat options. CoinDeal has a range of different fiat currency options and deposit methods.
  • Cryptocurrency selection. CoinDeal’s voting system has seen it list coins you may not find on many other exchanges.

Cons

  • Some high withdrawal fees. Many of CoinDeal’s withdrawal fees are noticeably higher than the actual cost of sending a transfer.
  • Some illiquid markets. CoinDeal has a range of fiat and crypto markets, but some of them have little or no trading.

Compare CoinDeal against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro Cryptocurrency Trading & CFDs
eToro Cryptocurrency Trading & CFDs
Bank transfer (ACH), PayPal
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

16
cryptocurrencies

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Crypto.com App
Crypto.com App
Bank transfer, BPAY, Osko, PayID, NPP, Credit or Debit Card
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

66
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
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Binance Cryptocurrency Exchange
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

263
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
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Frequently asked questions

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.

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