Compliance with the UK and European regulations is what makes the exchange stand out from others.
For transactions over 300 GBP or EUR, CoinCorner charges a 1% fee. When buying or selling for less than 300 GBP/EUR, the company charges 3 GBP/EUR or less.
You cannot exchange one cryptocurrency for another directly through CoinCorner. It is a great site for easy deposits.
Bitcoin can also be deposited on CoinCorner through the regular Bitcoin network as well as the Lightning Network. The user will have to pay a network fee to Bitcoin validators in either case, but there is no deposit fee for Bitcoin deposits.
For crypto savers and investors, CoinCorner offers easy and comfortable ways to withdraw their crypto sales proceeds. Bitcoin can be removed from CoinCorner wallets at any time by verified CoinCorner users anywhere in the world. CoinCorner charges a network fee that is later passed on to the user as the only charge for this service.
Signing up and making trades at CoinCorner do not require users to verify their identity. The platform, however, sets a limit for account verification when a user first signs up. During the lifetime of the account, a user is limited to the number of deposits they can make.
The user will have to undergo identity verification when they reach this limit. Before withdrawing from the exchange, the user will also have to be verified.
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