About CoinCorner

CoinCorner is a wallet service based in the Isle of Man. While it initially focused on Bitcoin, it has expanded its support to include Litecoin, Ethereum, and Ripple since May. However, users lose some control over their funds as CoinCorner manages their private keys. The platform claims to keep most user funds in cold storage and has served over 150,000 customers.

Key Features

One of CoinCorner's main features is its ease of use in purchasing cryptocurrencies. On the home screen, users encounter a straightforward interface that allows them to buy cryptocurrencies using a debit card or complete a bank transfer. Deposits are charged a 2.5% fee for amounts up to €2,000, while amounts exceeding €2,000 are fee-free. CoinCorner supports fiat currencies such as EUR and GBP. Buying and selling cryptocurrencies on the platform incur a 1% fee. Users can enhance security by enabling two-factor authentication.

Accessibility and Usability

CoinCorner is accessible on web browsers, Android, and iOS platforms. Users have praised its user-friendly interface, finding it intuitive and easy to navigate.

Overall Assessment

While CoinCorner provides a good service in some areas, it's worth noting that there are other wallet solutions that excel in various aspects. Some of these alternatives offer better security, more affordable exchange services, and a broader selection of cryptocurrencies and fiat currencies.