Coindeal review: is a safe exchange or scam? (10.2024)
What do we know about
Coindeal?
According to the data we possess, it appears to be a
quite reputable,
quite respectable,
well established,
promising
exchange service.
It's a trading platform
successfully
operating for
about
6 years and
6 months.
Coindeal supports
1
cryptocurrency
and
7 fiat
ones.
Buying and selling crypto is possible with
7 payment systems and banks.
Coindeal operator is
regulated, licensed financial company
fully compliant with the local and international regulation, etc.
A lot of
national currencies are supported;
the choice of banks and payment systems connected
is pretty convenient.
We'll try to assess the fees you normally spend at this
Trading Platform by calculating an average fee
from a set of all commissions
the service charges and comparing it to the competition.
1.37% Coindeal
asks on average is
a low fee:
0.95% — 6.79%.
However, our statistics says that
60%
exchanges take higher average fee.
Like any other trading platform,
Coindeal has limits for purchases and withdrawals:
from
$1.00
to
$2,000;
the limit varies for different payment methods. These are
a medium buying limits, not bad at all;
in comparison,
60%
of the exchange platforms allow higher order limits.
Clients from
204
countries & territories
are welcome here,
together with your home country: United States!
Trading Platform serves the US and allows registrations from
54
states.
Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers,
although according to the information from the exchange itself, order processing is automated and should be instant.
You will be required to verify your identity
(ID Verification,
Phone Number Confirmation,
Address Confirmation,
Video Verification
are commonly requested)
to be approved doing
buy and sell
operations here.
Starting from
2018,
coindeal.com
is trying its best to earn the trust from the community.
Despite that, our users hasn't yet rated or reviewed trading platform.
Have you ever used the Coindeal?
If you did, please spend a minute to
leave your valuable feedback,
we really appreciate it and put our trust on you. Thanks!
Despite the fact
hadn't yet collected enough data to list these guys
among the rest of the approved exchange services
(more information below) and therefore can't yet assign the rating to this
trading platform, we can
propose a preliminary evaluation:
100/100.
Looks impressive!
So, what's our opinion so far? Based on the information we currently hold,
Coindeal should be a
fairly legitimate and
most likely, very safe
site to
buy or sell
Bitcoins;
an auspicious service with a remarkable reputation on the market, the one we are hopeful and optimistic about!
Let's appraise everything in details...
Overview: is Coindeal safe?
Coindeal
operates as the
Trading Platform.
Coindeal Limited
(dba Coindeal)
started doing business back in
March 2018.
The main office is located in
Saint Julian's,
Malta.
Official Coindeal address is Villa Malitah Mediterranean Street, The Village St. Julians STJ 1870 Malta.
The firm is a licensed financial service provider, regulated by the MFSA;
it obtained the
Cryptocurrencies exchange license.
Coindeal is registered with the FINCEN:
registration number 31000146609933.
Coindeal was founded by Kajetan Maćkowiak, Adam Bicz, Filip Dzierżak.
Coindeal CEO is
Adam Bicz.
Coindeal Swiss holds a financial license in Switzerland and is regulated by Swiss VQF (Financial Services Standards Association). CoinDeal is registered with FinCen in the US under registration number 31000146609933.
Coindeal is a relatively young but rapidly growing and actively developing exchange. The founders have many years of experience in the blockchain industry; the projects that they started before Coindeal are BuyCoinNow and Paycoiner payment gateways and some other projects. The exchange was the first one in the industry to establish a partnership with the English Premier League club (Wolverhampton Wanderers FC); it has it's own token CDL that was distributed among the users. CDL can be used for decreasing the service fees and getting access to various features like new coins voting, etc.
So what we'll decide, how safe is
Coindeal?
Coindeal wasn't rated yet.
What does it mean, is it secure to use this
trading platform?
Despite coindeal isn't yet fully listed and has no rating
@ ExchangeRates.Pro,
it doesn't mean it's a scam website ,
is a bad trading platform, whatever.
We are very careful with new additions to our listing
and (among all other procedures) postpone the decision until we receive
at least a few reports from real users that we can verify.
This make take
rather a long time;
we already have 37
well-examined websites in our listing, nevertheless, we never rush to add more.
With 10,613
ways to buy and sell BTC worldwide,
including 49
local ones for United States and USD,
why urge? For now, we can already state that
although it's a bit early to make conclusions,
Coindeal
most likely will be included in our approved services list
(if we don't receive any negative reviews of course).
Let's keep an eye on it!
100/100, the proposed rating for the
coindeal.com so far says that
it should be safe enough to do business here
as we trust.
Now let's break down our assumed rating for COINDEAL,
how it was calculated:
Altogether, the preliminary rating for Coindeal
is
100 / 100
Research:
best alternative to Coindeal
By reason of we can't (yet?)
endorse the coindeal.com,
you may feel safer choosing the website we've already appraised and checked in full.
Therefore
we took the liberty to research the market and suggest
a viable, well-known, 100% trusted alternative exchange platform.
How we did it? Let's explain! Makes sense to start from figuring
out what exactly we are looking for:
A glance at the service specifics confirms that
Coindeal employs the business model of a
Trading Platform;
Coindeal Limited
(dba Coindeal)
started the business in March 2018.
An entity is in the business for
6 years
and
6 months
and gained some popularity on the market.
The company bases in the
Malta
with the headquarters located in Saint Julian's.
The firm is the licensed MSB, regulated by the MFSA;
it possesses the
Cryptocurrencies exchange license.
Coindeal
was registered with the FINCEN:
registration number 31000146609933.
Coindeal was founded by Kajetan Maćkowiak, Adam Bicz, Filip Dzierżak.
Coindeal
CEO is
Adam Bicz.
Please note that it's just a super-small snapshot of what we've discovered,
details about the business model are available in the
"what we already know about coindeal"
section.
Considering all the abovementioned,
we were looking for another
trading platform allowing registrations from
United States
with a flawless reputation and the best rating
and found a perfect match:
CEX!
Let's figure out what makes it the safest choice:
CEX
is also a
Trading Platform;
CEX.IO LTD
(dba CEX)
had started doing the business in July 2014.
The legal entity is established in the United Kingdom
and the principal office is located in the London.
Registration address of CEX is 24th Floor One Canada Square, Canary Wharf London E14 5AB.
The firm is a licensed Money Service Business, regulated by the FinCEN;
operating under the Money Transmission license.
FINCEN
registration number 31000176194955.
It is a
really trusted,
surely a respectable,
well established,
interesting
exchange platform
(trading platform) that supports
29
cryptocurrencies and tokens:
you can
buy and sell crypto using 3
national currencies
(8
payment systems and banks are supported) or
exchange one digital currency into another here.
Besides the crypto-exchange, cex.io
also provides other crypto-related services, for example,
Lending,
Margin Trading,
Faucets (small amounts of cryptos for free),
Staking, MasterNodes, etc. (passive income opportunity).
This is what we value the most about this great exchange service:
- It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
- The exchange runs the business for a long time;
project was started
10 years
and
3 months
ago
-
The platform supports
29 cryptocurrencies
and 3
fiat ones
(totally 8
payment systems / banks are available).
Apart from buying, selling and exchanging cryptocurrencies, there are other services available:
Lending,
Margin Trading,
Faucets (small amounts of cryptos for free) and
Staking, MasterNodes, etc. (passive income opportunity)
- The service charges low fees:
from 0.3%
to 3.99%
depending on the way of payment;
the fees for exchanging the smaller amounts are rather affordable as well
- The limits for purchases and withdrawals are among the highest on the market:
from $20.00
to $10,000 USD,
the exact limit depends on what payment system you choose to pay or get paid to
- CEX
accepts the registrations from 224 countries;
customers from United States
can use the services
- Customers' testimonials are top notch,
100% (27 out of
27) wrote about the positive experience doing business with CEX.
According to the feedback we got from the actual users:
- Customers support is very good
- The speed of deposits and withdrawals processing is very fast
- Verification goes really fast
According to our research and the community vote, CEX is the best Trading Platform worldwide.
That's a really outstanding result,
considering that we compare 333 exchange platforms!
Long story short, this means that
cex.io
truly stands out in terms of reliability, reputation, etc. - you name it...
We are sure, you won't regret your choice!
So, let's conclude: the best alternative to
Coindeal is
CEX,
a perfectly safe and trusted
trading platform, rated
100/100.
Such score is really, really hard to get,
only very exchange services managed to get such a high rating!
Let's break down how the cex.io exchange could get such a scoring.
Overall scoring for CEX:
100 / 100
Coindeal fees, limits, verification, etc.
Even though we still consider if we should add COINDEAL
to the list of approved exchange platforms
and are in process of gathering and evaluating the information,
we've already collected some data worth sharing.
The business appears like a
pretty stable and reliable
trading platform
running
almost flawlessly
from Mar 2018.
The operator of Coindeal
is a regulated entity,
a financial company holding all the licenses and permissions required by the law;
it's fully compliant with the regulation in
Malta.
coindeal.com is a trading platform,
the core function of such a service is to provide the users with access to certain exchange markets
rather one just "quick buy/sell" type operations.
There are both pros and cons of choosing a "pro trading" platform or app over just an instant exchange service.
In most cases, such marketplaces are serious and reliable businesses
and Coindeal definitely looks like one of those,
just keep in mind please that storing the crypto/fiat online at exchange's wallets has some risks involved.
Fees @ Coindeal
Let's break down the fees that trading platform
charges for various exchange operations;
although if you are in a hurry, feel free to skip everything but the conclusion
are the COINDEAL
fees high or low?
-
Fees for Deposits and Withdrawals.
Determined by the fiat currency and a banking or payment system, it is:
-
Commission you pay for withdrawing the funds to
Any Local Bank
in
Polish Zloty:
9
fixed amount
-
0%
to deposit the money by
Any Local Bank
in
Polish Zloty.
-
Commission you pay for withdrawing the funds to
Epay
in
US Dollar:
$9
fixed amount
-
0%
to deposit the money by
Epay
in
Euro.
-
Commission you pay for withdrawing the funds to
Epay
in
Pound Sterling:
£9
fixed amount
-
0%
to deposit the money by
Epay
in
US Dollar.
-
0%
to deposit the money by
Epay
in
Pound Sterling.
-
Commission you pay for withdrawing the funds to
Mistertango
in
Euro:
€9
fixed amount
-
0%
to deposit the money by
Mistertango
in
Euro.
-
Commission you pay for withdrawing the funds to
Payeer
in
Russian Ruble:
0.95%
+ ₽9
-
0.95%
to deposit the money by
Payeer
in
Russian Ruble.
-
Commission you pay for withdrawing the funds to
SEPA Transfer
in
_Euro:
9
fixed amount
-
0%
to deposit the money by
SEPA Transfer
in
Euro.
-
0%
to deposit the money by
Skrill
in
Polish Zloty.
-
Commission you pay for withdrawing the funds to
Skrill
in
Polish Zloty:
1.0%
+ 9
-
3.0%
to deposit the money by
Skrill
in
Pound Sterling.
-
Commission you pay for withdrawing the funds to
Skrill
in
Pound Sterling:
1.0%
+ £9
-
3.0%
to deposit the money by
Skrill
in
Euro.
-
Commission you pay for withdrawing the funds to
Skrill
in
Euro:
1.0%
+ €9
-
3.0%
to deposit the money by
Skrill
in
US Dollar.
-
Commission you pay for withdrawing the funds to
Skrill
in
US Dollar:
1.0%
+ $9
-
3.0%
to deposit the money by
Skrill
in
South Korean Won.
-
Commission you pay for withdrawing the funds to
Skrill
in
South Korean Won:
1.0%
+ 12000
-
3.0%
to deposit the money by
Skrill
in
Swiss Franc.
-
Commission you pay for withdrawing the funds to
SWIFT Transfer
in
US Dollar:
$9
fixed amount
-
0%
to deposit the money by
SWIFT Transfer
in
US Dollar.
-
Commission you pay for withdrawing the funds to
SWIFT Transfer
in
Euro:
€9
fixed amount
-
0%
to deposit the money by
SWIFT Transfer
in
Euro.
-
Commission you pay for withdrawing the funds to
SWIFT Transfer
in
Pound Sterling:
£9
fixed amount
-
0%
to deposit the money by
SWIFT Transfer
in
Pound Sterling.
-
6.79%
to deposit the money by
Visa & Mastercard
in
Pound Sterling.
-
6.79%
to deposit the money by
Visa & Mastercard
in
Polish Zloty.
-
6.79%
to deposit the money by
Visa & Mastercard
in
US Dollar.
-
6.79%
to deposit the money by
Visa & Mastercard
in
Euro.
-
Trading fee.
The trading platform quotes the following charges when you execute the trade operation:
-
0.4%
of the amount you traded, regardless of fiat or crypto currency pair.
-
The fee to withdraw crypto or token.
Please be aware that the fee is applicable only when you
send the cryptos 'out' making withdrawals to your personal wallet, initiating a transaction to some site or someone else, etc.!
- 0.000800 BTC when you are purchasing Bitcoin
Are Coindeal fees expensive or cheap?
Shall we make out a judgement call?
Analyzing the average fee that website asks for orders we came to an outcome that
Coindeal
charges a very small fees!
In line with our market research,
main part of the competition invoices more or less the same fees
Coindeal offers.
COINDEAL limits
The limits for "buy" and "sell" crypto trades depend on the currencies and payment systems
(see below)
-
Purchasing limits, cases when you are buying crypto.
-
€300
minimum purchase and
€10,000
max. buy
with Epay in
Euro.
-
$10,000
max. buy
with Epay in
US Dollar.
-
£10,000
max. buy
with Epay in
Pound Sterling.
-
€20,000
max. buy
with Mistertango in
Euro.
-
PLN
300
minimum purchase and
PLN
10,000
max. buy
with Skrill in
Polish Zloty.
-
£300
minimum purchase and
£10,000
max. buy
with Skrill in
Pound Sterling.
-
€300
minimum purchase and
€10,000
max. buy
with Skrill in
Euro.
-
$10,000
max. buy
with Skrill in
US Dollar.
-
USD
10
minimum purchase and
USD
2,000
max. buy
with Visa & Mastercard in
Pound Sterling.
-
USD
10
minimum purchase and
USD
2,000
max. buy
with Visa & Mastercard in
Polish Zloty.
-
USD
10
minimum purchase and
USD
2,000
max. buy
with Visa & Mastercard in
US Dollar.
-
USD
10
minimum purchase and
USD
2,000
max. buy
with Visa & Mastercard in
Euro.
-
Withdrawal limits: operations like you are out-exchanging crypto, selling it to the fiat money.
-
up to
€20,000
for funds arriving to Mistertango in
Euro.
-
up to
PLN
45,000
for funds arriving to Skrill in
Polish Zloty.
And the bright side: there are no limitations for all other payment systems
(the min/max amount restrictions the payment system sets itself aside)
Coindeal cooperates with!
Comparing to the market,
Coindeal has "middle-sized" buy and sell limits;
it's rather comfortable, even if there are few sites with a higher maximum.
Coindeal account verification
The trading platform demands the clients to verify their identities
in process of an account verification.
Being a financial institution,
Coindeal Limited
has certain obligations to the regulatory bodies and won't be allowed to operate
without complying to the AML and CTF framework.
The following identification procedures
are required to complete before the user will be able to
buy and sell using fiat money:
-
ID verification: submitting a passport, national ID, etc.
-
Phone confirmation: most often you'll need to receive a code by SMS
-
An Address confirmation: typically acceptable are utility bills (receipt or invoice for electricity, water, gas, etc.)
and bank / credit card statement if there's an address printed
-
Video verification: done over a laptop webcam or phone camera,
showing your face and sometimes an identification document
to an app in live mode.
As for the estimation how long does it takes to verify an account at
Coindeal on average:
we must apologize, our platform still haven't collected enough feedback from the real users of a
trading platform.
By any chance, if you know how fast coindeal.com
is with an account verification,
kindly let us know too.
We really appreciate your commitment!
Supported countries
The website allows the user registrations from 204
countries.
The following countries and territories are in the supported list:
-
Aland Islands
(AX)
-
Albania
(AL)
-
Algeria
(DZ)
-
Andorra
(AD)
-
Anguilla
(AI)
-
Antarctica
(AQ)
-
Antigua & Barbuda
(AG)
-
Argentina
(AR)
-
Armenia
(AM)
-
Aruba
(AW)
-
Ascension Island
(AC)
-
Australia
(AU)
-
Austria
(AT)
-
Bahrain
(BH)
-
Bangladesh
(BD)
-
Barbados
(BB)
-
Belarus
(BY)
-
Belgium
(BE)
-
Belize
(BZ)
-
Benin
(BJ)
-
Bermuda
(BM)
-
Bhutan
(BT)
-
Bolivia
(BO)
-
Bosnia & Herzegovina
(BA)
-
Bouvet Island
(BV)
-
Brazil
(BR)
-
British Indian Ocean Territory
(IO)
-
British Virgin Islands
(VG)
-
Brunei
(BN)
-
Bulgaria
(BG)
-
Burkina Faso
(BF)
-
Canada
(CA)
-
Canary Islands
(IC)
-
Cape Verde
(CV)
-
Caribbean Netherlands
(BQ)
-
Cayman Islands
(KY)
-
Ceuta & Melilla
(EA)
-
Chile
(CL)
-
China
(CN)
-
Christmas Island
(CX)
-
Cocos (Keeling) Islands
(CC)
-
Colombia
(CO)
-
Comoros
(KM)
-
Cook Islands
(CK)
-
Costa Rica
(CR)
-
Côte d’Ivoire
(CI)
-
Croatia
(HR)
-
Curaçao
(CW)
-
Cyprus
(CY)
-
Czech Republic
(CZ)
-
Denmark
(DK)
-
Diego Garcia
(DG)
-
Djibouti
(DJ)
-
Dominica
(DM)
-
Dominican Republic
(DO)
-
Ecuador
(EC)
-
Egypt
(EG)
-
El Salvador
(SV)
-
Estonia
(EE)
-
Falkland Islands
(FK)
-
Faroe Islands
(FO)
-
Fiji
(FJ)
-
Finland
(FI)
-
France
(FR)
-
French Guiana
(GF)
-
French Polynesia
(PF)
-
French Southern Territories
(TF)
-
Gabon
(GA)
-
Gambia
(GM)
-
Georgia
(GE)
-
Germany
(DE)
-
Gibraltar
(GI)
-
Greece
(GR)
-
Greenland
(GL)
-
Grenada
(GD)
-
Guadeloupe
(GP)
-
Guatemala
(GT)
-
Guernsey
(GG)
-
Guinea
(GN)
-
Guyana
(GY)
-
Heard Island and McDonald Islands
(HM)
-
Honduras
(HN)
-
Hong Kong SAR China
(HK)
-
Hungary
(HU)
-
Iceland
(IS)
-
India
(IN)
-
Indonesia
(ID)
-
Ireland
(IE)
-
Isle of Man
(IM)
-
Israel
(IL)
-
Italy
(IT)
-
Jamaica
(JM)
-
Japan
(JP)
-
Jersey
(JE)
-
Jordan
(JO)
-
Kazakhstan
(KZ)
-
Kenya
(KE)
-
Kiribati
(KI)
-
Kosovo
(XK)
-
Kuwait
(KW)
-
Kyrgyzstan
(KG)
-
Laos
(LA)
-
Latvia
(LV)
-
Lebanon
(LB)
-
Lesotho
(LS)
-
Liberia
(LR)
-
Liechtenstein
(LI)
-
Lithuania
(LT)
-
Luxembourg
(LU)
-
Macau SAR China
(MO)
-
Macedonia
(MK)
-
Malawi
(MW)
-
Malaysia
(MY)
-
Maldives
(MV)
-
Mali
(ML)
-
Malta
(MT)
-
Marshall Islands
(MH)
-
Martinique
(MQ)
-
Mauritania
(MR)
-
Mauritius
(MU)
-
Mayotte
(YT)
-
Mexico
(MX)
-
Micronesia
(FM)
-
Moldova
(MD)
-
Monaco
(MC)
-
Mongolia
(MN)
-
Montenegro
(ME)
-
Montserrat
(MS)
-
Morocco
(MA)
-
Namibia
(NA)
-
Nauru
(NR)
-
Nepal
(NP)
-
Netherlands
(NL)
-
New Caledonia
(NC)
-
New Zealand
(NZ)
-
Niger
(NE)
-
Niue
(NU)
-
Norfolk Island
(NF)
-
Northern Mariana Islands
(MP)
-
Norway
(NO)
-
Oman
(OM)
-
Palau
(PW)
-
Palestinian Territories
(PS)
-
Papua New Guinea
(PG)
-
Paraguay
(PY)
-
Peru
(PE)
-
Philippines
(PH)
-
Pitcairn Islands
(PN)
-
Poland
(PL)
-
Portugal
(PT)
-
Qatar
(QA)
-
Réunion
(RE)
-
Romania
(RO)
-
Russia
(RU)
-
San Marino
(SM)
-
São Tomé & Príncipe
(ST)
-
Senegal
(SN)
-
Serbia
(RS)
-
Seychelles
(SC)
-
Singapore
(SG)
-
Sint Maarten
(SX)
-
Slovakia
(SK)
-
Slovenia
(SI)
-
Solomon Islands
(SB)
-
South Africa
(ZA)
-
South Georgia & South Sandwich Islands
(GS)
-
South Korea
(KR)
-
Spain
(ES)
-
St. Barthélemy
(BL)
-
St. Helena
(SH)
-
St. Kitts & Nevis
(KN)
-
St. Lucia
(LC)
-
St. Martin
(MF)
-
St. Pierre & Miquelon
(PM)
-
St. Vincent & Grenadines
(VC)
-
Suriname
(SR)
-
Svalbard & Jan Mayen
(SJ)
-
Swaziland
(SZ)
-
Sweden
(SE)
-
Switzerland
(CH)
-
Taiwan
(TW)
-
Tanzania
(TZ)
-
Thailand
(TH)
-
Timor-Leste
(TL)
-
Togo
(TG)
-
Tokelau
(TK)
-
Tonga
(TO)
-
Tristan da Cunha
(TA)
-
Turkey
(TR)
-
Turks & Caicos Islands
(TC)
-
Tuvalu
(TV)
-
Uganda
(UG)
-
Ukraine
(UA)
-
United Arab Emirates
(AE)
-
United Kingdom
(GB)
-
United States
(US)
-
Uruguay
(UY)
-
U.S. Outlying Islands
(UM)
-
Vanuatu
(VU)
-
Vatican City
(VA)
-
Vietnam
(VN)
-
Wallis & Futuna
(WF)
-
Western Sahara
(EH)
-
Zambia
(ZM)
Does Coindeal allow the users from United States (US)?
That's right, it does!
coindeal.com permits the registrations from the United States!
Trading Platform grants access to the customers from
54 states and territories
to join the website and use the buying/selling services:
- Alabama (AL)
- Alaska (AK)
- American Samoa (AS)
- Arizona (AZ)
- Arkansas (AR)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- District of Columbia (DC)
- Florida (FL)
- Georgia (GA)
- Guam (GU)
- Idaho (ID)
- Illinois (IL)
- Indiana (IN)
- Iowa (IA)
- Kansas (KS)
- Kentucky (KY)
- Louisiana (LA)
- Maine (ME)
- Maryland (MD)
- Massachusetts (MA)
- Michigan (MI)
- Minnesota (MN)
- Mississippi (MS)
- Missouri (MO)
- Montana (MT)
- Nebraska (NE)
- Nevada (NV)
- New Hampshire (NH)
- New Jersey (NJ)
- New Mexico (NM)
- North Carolina (NC)
- North Dakota (ND)
- Northern Mariana Islands (MP)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Puerto Rico (PR)
- Rhode Island (RI)
- South Carolina (SC)
- South Dakota (SD)
- Tennessee (TN)
- Texas (TX)
- U.S. Virgin Islands (VI)
- Utah (UT)
- Vermont (VT)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wisconsin (WI)
- Wyoming (WY)
Pretty obvious, but we should confirm that Coindeal
recognizes and accepts the U.S. Dollars
for the buying/selling operations against
1 cryptocurrencies and tokens:
on all counts, 4 banking and credit institutions, payment systems
from 7
that the trading platform currently supports
are available domestically.
That's ~57%
of the whole list within an easy reach:
-
Skrill
-
Visa & Mastercard
-
Epay
-
SWIFT Transfer
Customers' testimonials
We still hadn't received any reviews of coindeal.com
we could verify.
We'd love to know what our valued visitors think of this website;
based on that we'll decide should we approve the
Trading Platform or not.
If you've already tried this service
or know someone who did we are counting on you!
What do you think about this exchange?
Please share your experience, your thoughts...
even just a few words testimonial is a great help!
FAQ about Coindeal
Does Coindeal holds my funds?
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" Coindeal holds your balance at it's own hot storage wallet. This is the standard practice for all the trading platforms, although we recommend to keep only the funds you need for the trading at the exchange.
Is Coindeal a good trading platform?
Seems Coindeal is a very good trading platform! We can say so based on the score the exchange got at our platform. The details are explained in this review and we break down a score in the overview section.
Is Coindeal licensed? Does it hold e-money license?
Yes, Coindeal Limited (entity doing business as Coindeal exchange) is licenced and regulated financial company. It holds Cryptocurrencies exchange license and is regulated by the MFSA of the Malta.
Is Coindeal registered with the FINCEN?
Yes, Coindeal Limited aka Coindeal is registered with the U.S. Financial Intelligence Unit as Money Services Business (MSB); FinCEN registration number is 31000146609933.
Is Coindeal a ripoff?
Coindeal is certainly not a rip-off; our analysis confirms that it's a trustworthy exchange. Read more in our conclusion: is Coindeal a legit exchange or scam
Can I trust Coindeal with my money?
Coindeal seems very trustworthy and is trusted by the community, "5 stars" rating our platform proposes for the trading platform requires years of successful operations and much more, read why we preliminary assess the 100/100 result for the exchange. As far as we know, the community trusts trading platform almost blindly, so you likely won't regret believing them. And remember, whatever service you use, it never hurts to test it with a smaller amount first!
Is Coindeal instant?
It is! Operations of buying and selling cryptos are normally realized at Coindeal automatically, without any delays.
Coindeal vs other exchanges
In case you prefer to deal with a trading platform
that was already fully checked and rated by our reviewers, algorithms, and the
actual clientele,
we took the liberty to compile a list of alternative sites
you may use instead of Coindeal. There are similar exchanges providing
more or less the same services; let's see what else is available right
away and compare it to the reviewed business!
Besides, we found platforms having similar rating
that are popular in United States particularly and
North America
in general.
And by the way, if you are eager to pick an exchange basing on a rate and fees mostly,
our price comparison platform always finds the
most reasonable exchange rates in
United States!
Coindeal vs Coinbase
A comparison of the key features and the principal facts about
COINBASE versus Coindeal;
just take a glance to decide if
Coinbase will be the optimal choice for you or at least if it's worth checking our full study:
-
Coinbase is a e-wallet
The way coindeal.com website functions
fits the trading platform format,
it's also an exchange, but has slightly different business model
(feel free to read details about
the difference between
e-wallet and trading platform)
-
Coinbase had launched the service June 2012
Coindeal started the project March 2018
(Coinbase is operating for
5 years and 9 months longer).
-
Coinbase has all the business licenses and permissions, required by law
Coindeal
obtained all the required permissions, got licensed, etc.
(both websites follow the same corporate model,
almost an identical approach to the operational and legal matters, etc.).
-
Besides cryptocurrencies buying|selling,
Coinbase provides some other exchange-related / financial services:
ATM Cards,
Merchant Services and the
Staking, MasterNodes, etc. (passive income opportunity)
Coindeal
arranges less services associated with the crypto exchange operations:
simplifies the buying and selling cryptos & tokens.
-
Coinbase supports 21 cryptocurrencies
Coindeal
is offering to exchange
only one crypto
(Coindeal
supports
20
fewer cryptocurrencies).
-
6
fiat currencies are available for buy- sell- operations at
Coinbase
You may choose from
7
fiat currencies to swap with crytos and tokens on
Coindeal
(Coindeal
comes up with
1
fiduciary currency more).
-
Coinbase accepts the deposits from and allows fund to be withdrawn to
8 banks and (fiat) payment systems
Coindeal
presents a choice of
7
various fiat payment systems and/or banks
(Coindeal
has integrated with
1 banks and/or payment systems less).
-
The fees Coinbase charges:
1.0% — 3.99%
Coindeal
takes
0.95% — 6.79%
commission, depending on the exchange direction, payment system, etc.
(Coindeal
has generally cheaper fees).
-
Coinbase's customers are rewarded with the gifts
Coindeal
neither presents gifts or offers a cashback
(Coindeal & Coinbase
the two of them approach the users with nearly the same (nice!) offerings).
-
The purchase limits at Coinbase are starting from
$2.00 up to $5,000
The limits for deposit and withdrawal orders at the Coindeal are
$1.00 — $2,000
depending on the specific payment method, etc.
(Coindeal
approves a higher deposit and withdrawal limits).
-
Coinbase allows users' registrations from 39 countries;
and we are glad to say that the people from
United States are welcome
You are permitted to register at the
Coindeal
being a resident of any of
204 countries;
United States is granted with an access
among all others
(Coindeal
admits more countries and territories).
-
When the client needs to pass through the KYC process at Coinbase,
they usually ask to provide 2
documents and / or specific procedures:
ID or Passport Verification,
Phone Number Confirmation (SMS or a call).
In most of the cases, it takes
about a day or two,
as per the actual clientele survey results
The process of Customer Identification at Coindeal
typically involves
4
individual procedures:
the ID Verification,
Phone Number Confirmation,
an Address Confirmation,
extra verification (documents, etc.) upon the decision of the Compliance personnel.
(Coindeal
commonly ask a user to pass through the greater count of identification procedures).
So, is Coinbase a better alternative to
Coindeal?
Such a conclusion by any means can't be drawn by us instead of you,
but we'll try to assist with the matter.
Coindeal
& Coinbase
alike are sharing the same score:
100 (out of 100).
Therefore both together should be of the matching quality.
Nevertheless,
we'd like to recommend Coinbase
simply because we know it better!
Like reading? In fact, there are more exchanges worth comparing to Coindeal,
such as:
Coindeal vs Kraken
A comparison of the key features and the principal facts about
KRAKEN versus Coindeal;
just take a glance to decide if
Kraken will be the optimal choice for you or at least if it's worth checking our full study:
-
Kraken is a trading platform
The way coindeal.com website functions
fits the trading platform format,
both following the same approach to the business.
-
Kraken had launched the service July 2011
Coindeal started the project March 2018
(Kraken is operating for
6 years and 8 months longer).
-
Kraken has all the business licenses and permissions, required by law
Coindeal
obtained all the required permissions, got licensed, etc.
(both websites follow the same corporate model,
almost an identical approach to the operational and legal matters, etc.).
-
Other than providing the services of buying, selling and exchanging cryptocurrency,
Kraken provides some other exchange-related / financial services:
Mobile wallet,
OTC trading,
Margin Trading,
Futures Trading and the
Staking, MasterNodes, etc. (passive income opportunity)
Coindeal
arranges less services associated with the crypto exchange operations:
simplifies the buying and selling cryptos & tokens.
-
Kraken supports 34 cryptocurrencies
Coindeal
is offering to exchange
only one crypto
(Coindeal
supports
33
fewer cryptocurrencies).
-
7
fiat currencies are available for buy- sell- operations at
Kraken
You may choose from
7
fiat currencies to swap with crytos and tokens on
Coindeal
(Coindeal & Kraken
support the same number of fiat currencys).
-
Kraken accepts the deposits from and allows fund to be withdrawn to
10 banks and (fiat) payment systems
Coindeal
presents a choice of
7
various fiat payment systems and/or banks
(Coindeal
has integrated with
3 banks and/or payment systems less).
-
The fees Kraken charges:
0.25% — 3.75%
Coindeal
takes
0.95% — 6.79%
commission, depending on the exchange direction, payment system, etc.
(Coindeal
has generally cheaper fees).
-
The purchase limits at Kraken are starting from
$14.58 up to $365
The limits for deposit and withdrawal orders at the Coindeal are
$1.00 — $2,000
depending on the specific payment method, etc.
(Coindeal
approves a higher deposit and withdrawal limits).
-
Kraken allows users' registrations from 234 countries;
and we are glad to say that the people from
United States are welcome
You are permitted to register at the
Coindeal
being a resident of any of
204 countries;
United States is granted with an access
among all others
(Coindeal
green-lights some less countries).
-
When the client needs to pass through the KYC process at Kraken,
they usually ask to provide 2
documents and / or specific procedures:
ID or Passport Verification,
current Address Confirmation (utility bill, bank or credit card statement, etc.).
In most of the cases, it takes
about a day or two,
as per the actual clientele survey results
The process of Customer Identification at Coindeal
typically involves
4
individual procedures:
the ID Verification,
Phone Number Confirmation,
an Address Confirmation,
extra verification (documents, etc.) upon the decision of the Compliance personnel.
(Coindeal
commonly ask a user to pass through the greater count of identification procedures).
So, is Kraken a better alternative to
Coindeal?
Such a conclusion by any means can't be drawn by us instead of you,
but we'll try to assist with the matter.
Coindeal
& Kraken
alike are sharing the same score:
100 (out of 100).
Therefore both together should be of the matching quality.
Nevertheless,
we'd like to recommend Kraken
simply because we know it better!
Like reading? In fact, there are more exchanges worth comparing to Coindeal,
such as:
Coindeal vs EXMO
A comparison of the key features and the principal facts about
EXMO versus Coindeal;
just take a glance to decide if
EXMO will be the optimal choice for you or at least if it's worth checking our full study:
-
EXMO is a trading platform
The way coindeal.com website functions
fits the trading platform format,
both following the same approach to the business.
-
EXMO had launched the service May 2013
Coindeal started the project March 2018
(EXMO is operating for
4 years and 10 months longer).
-
EXMO has all the business licenses and permissions, required by law
Coindeal
obtained all the required permissions, got licensed, etc.
(both websites follow the same corporate model,
almost an identical approach to the operational and legal matters, etc.).
-
Other than providing the services of buying, selling and exchanging cryptocurrency,
EXMO provides some other exchange-related / financial services:
Cash codes,
OTC trading and the
Margin Trading
Coindeal
arranges less services associated with the crypto exchange operations:
simplifies the buying and selling cryptos & tokens.
-
EXMO supports 24 cryptocurrencies
Coindeal
is offering to exchange
only one crypto
(Coindeal
supports
23
fewer cryptocurrencies).
-
5
fiat currencies are available for buy- sell- operations at
EXMO
You may choose from
7
fiat currencies to swap with crytos and tokens on
Coindeal
(Coindeal
comes up with
2
fiat currencies more).
-
EXMO accepts the deposits from and allows fund to be withdrawn to
9 banks and (fiat) payment systems
Coindeal
presents a choice of
7
various fiat payment systems and/or banks
(Coindeal
has integrated with
2 banks and/or payment systems less).
-
The fees EXMO charges:
0.15% — 5.95%
Coindeal
takes
0.95% — 6.79%
commission, depending on the exchange direction, payment system, etc.
(Coindeal
has generally cheaper fees).
-
The purchase limits at EXMO are starting from
$1.00 up to $20,000
The limits for deposit and withdrawal orders at the Coindeal are
$1.00 — $2,000
depending on the specific payment method, etc.
(Coindeal
approves a higher deposit and withdrawal limits).
-
EXMO allows users' registrations from 255 countries;
and we are glad to say that the people from
United States are welcome
You are permitted to register at the
Coindeal
being a resident of any of
204 countries;
United States is granted with an access
among all others
(Coindeal
green-lights some less countries).
-
When the client needs to pass through the KYC process at EXMO,
they usually ask to provide 3
documents and / or specific procedures:
ID or Passport Verification,
current Address Confirmation (utility bill, bank or credit card statement, etc.),
Selfie with ID in hands.
In most of the cases, it takes
about a day or two,
as per the actual clientele survey results
The process of Customer Identification at Coindeal
typically involves
4
individual procedures:
the ID Verification,
Phone Number Confirmation,
an Address Confirmation,
extra verification (documents, etc.) upon the decision of the Compliance personnel.
(Coindeal
may look slightly less attractive considering
verification requirements for any trade,
unalike EXMO, there are no exceptions).
So, is EXMO a better alternative to
Coindeal?
Such a conclusion by any means can't be drawn by us instead of you,
but we'll try to assist with the matter.
Coindeal
& EXMO
alike are sharing the same score:
100 (out of 100).
Therefore both together should be of the matching quality.
Nevertheless,
we'd like to recommend EXMO
simply because we know it better!
Like reading? In fact, there are more exchanges worth comparing to Coindeal,
such as:
Coindeal vs TransCoin
A comparison of the key features and the principal facts about
TRANSCOIN versus Coindeal;
just take a glance to decide if
TransCoin will be the optimal choice for you or at least if it's worth checking our full study:
-
TransCoin is a broker
The way coindeal.com website functions
fits the trading platform format,
it's also an exchange, but has slightly different business model
(feel free to read details about
the difference between
broker and trading platform)
-
TransCoin had launched the service May 2018
Coindeal started the project March 2018
(Coindeal operated
1 months longer).
-
TransCoin has all the business licenses and permissions, required by law
Coindeal
obtained all the required permissions, got licensed, etc.
(both websites follow the same corporate model,
almost an identical approach to the operational and legal matters, etc.).
-
Besides the service of digital currency exchange,
TransCoin provides no other services
Coindeal
allows a few more related services:
simplifies the buying and selling cryptos & tokens.
-
TransCoin supports 1 cryptocurrencies
Coindeal
is offering to exchange
only one crypto
(Coindeal & TransCoin
count the same number of electronic currencys).
-
TransCoin allows users' registrations from 255 countries;
and we are glad to say that the people from
United States are welcome
You are permitted to register at the
Coindeal
being a resident of any of
204 countries;
United States is granted with an access
among all others
(Coindeal
green-lights some less countries).
-
When the client needs to pass through the KYC process at TransCoin,
they usually ask to provide some (it depends on various factors)
documents and / or specific procedures
The process of Customer Identification at Coindeal
typically involves
4
individual procedures:
the ID Verification,
Phone Number Confirmation,
an Address Confirmation,
extra verification (documents, etc.) upon the decision of the Compliance personnel.
(Coindeal
would likely require you spending more time and efforts to verify your account).
So, is TransCoin a better alternative to
Coindeal?
Such a conclusion by any means can't be drawn by us instead of you,
but we'll try to assist with the matter.
Coindeal
& TransCoin
alike are sharing the same score:
100 (out of 100).
Therefore both together should be of the matching quality.
Nevertheless,
we'd like to recommend TransCoin
simply because we know it better!
Like reading? In fact, there are more exchanges worth comparing to Coindeal,
such as:
Coindeal vs WMexpress
A comparison of the key features and the principal facts about
WMEXPRESS versus Coindeal;
just take a glance to decide if
WMexpress will be the optimal choice for you or at least if it's worth checking our full study:
-
WMexpress is a broker
The way coindeal.com website functions
fits the trading platform format,
it's also an exchange, but has slightly different business model
(feel free to read details about
the difference between
broker and trading platform)
-
WMexpress had launched the service August 2015
Coindeal started the project March 2018
(WMexpress is operating for
2 years and 7 months longer).
-
WMexpress operates without any registration or no information is available about the legal entity
Coindeal
obtained all the required permissions, got licensed, etc.
(Coindeal 's approach to the business made it a safer and more stable solution).
-
Besides the service of digital currency exchange,
WMexpress provides no other services
Coindeal
allows a few more related services:
simplifies the buying and selling cryptos & tokens.
-
WMexpress allows users' registrations from 255 countries;
and we are glad to say that the people from
United States are welcome
You are permitted to register at the
Coindeal
being a resident of any of
204 countries;
United States is granted with an access
among all others
(Coindeal
green-lights some less countries).
-
When the client needs to pass through the KYC process at WMexpress,
they usually ask to provide some (it depends on various factors)
documents and / or specific procedures
In most of the cases, it takes
about a day or two,
as per the actual clientele survey results
The process of Customer Identification at Coindeal
typically involves
4
individual procedures:
the ID Verification,
Phone Number Confirmation,
an Address Confirmation,
extra verification (documents, etc.) upon the decision of the Compliance personnel.
(Coindeal
would likely require you spending more time and efforts to verify your account).
So, is WMexpress a better alternative to
Coindeal?
Such a conclusion by any means can't be drawn by us instead of you,
but we'll try to assist with the matter.
Since the WMEXPRESS exchange service
got a lower rating at our platform:
71 versus 100 that
Coindeal
accomplished,
our advice is either to go for Coindeal,
or, even better to look into few others first;
particularly the ranked "best-of-the-best"
CEX!
Like reading? In fact, there are more exchanges worth comparing to Coindeal,
such as:
Conclusion: is Coindeal legit or scam?
Seems it's time to finalize the report, to make a judgment call.
Is Coindeal a scam or is it a legitimate exchange?
How secure the coindeal.com website is?
Can you trust Coindeal with your money?
And (in our case) the most frequently asked question:
Why the trading platform is not yet ranked at ExchangeRates.Pro?
Let's start by answering the last question and, you'll see, the replies to the rest will follow.
Can't wait? Help yourself
jumping to the final verdict!
Why we hadn't yet
ranked and fully listed COINDEAL
and what does it mean?
The routine for adding a new exchange
to ExchangeRates.Pro listing is rather a long process
and it depends on few factors we don't control directly.
Our approach to the process is «better be safe than sorry»;
we already have 37
well-tested platforms providing similar to Coindeal functionality.
22
different exchange websites of trading platform type are among those
and additionally, there are
4
peer-to-peer marketplaces.
10,613
exchange offers are available right away;
these cover almost all the payment systems and local banks available in
United States and North America
for buying and selling BTC, cryptos, and tokens with
US Dollar,
EURos,
whatever.
Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves.
It takes time.
Moreover, there are two circumstances that are out of our direct control:
-
All the exchange services,
particularly
the trading platform type ones
are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers,
the ones we can actually verify. In addition,
we monitor the clients' testimonials at the trusted review platforms, social networks, etc.,
and postpone the approval until we find enough evidence that
the trading platform has no unresolved complaints
and there are enough convincing users recommendations.
-
We receive the new applications daily.
It consumes a lot of time to check each and every one;
there's a large queue and we have to be selective when choosing which applications to process first.
Exceptions from these two rules may happen only in very rare extraordinary cases.
As you can see, we move forward with listing new exchanges slowly,
but as a consequence,
only the best trading platforms are getting approved.
Although we can't endorse Coindeal and hadn't rated it (in full) yet,
we believe that
it should get approval if we won't receive any complaints.
So is Coindeal a legit exchange or a fraud?
Coindeal's profile really impresses!
The scores look just like the ones for proven industry leaders,
the service is provided by a licensed and regulated financial company,
we are fascinated!
Should we add that it's definitely not a scam?
We consider this trading platform
to be listed among approved websites soon
and can recommend you try it yourself;
you shouldn't be disappointed!
And please, don't forget to post a testimonial after your exchange will be completed.
Suggested rating for Coindeal:
100 / 100
Alternative solution:
how to find
the best rate to exchange BTC & crypto
in United States and
North America
There is another way of finding the most worthy alternative to Coindeal
that will work best for you.
What if instead of opposing the features of various exchanges we'll
compare the terms of the specific offerings that all the marketplaces,
brokers, dealers, and even individual exchangers provide?
That's exactly what our platform does!
We assist you in choosing the most appropriate deal
considering:
- The fees and rates provided at the moment by
8
exchange websites of a "Trading Platform" type
and 10,613
other offers.
- BTC/USD
exchange rate at those ;
the availability of service for the residents of United States.
- Which local banks & payment systems out of
154 serving US
are the fastest, most convenient and cost-efficient personally for you.
- Amount you need to swap: say,
the conditions for exchanging
USD
1
will be significantly different from the terms of
$58,802.0
conversion.
- And of course, you see the rating, users reviews
(up-to-date 542
real clients testimonials), etc.
for all the offers available!
Our platform could find 49
offers to buy, sell, exchange BTC available to users from
United States,
and 42 of these are for the
US Dollar currency.
There are totally 27
exchange services supporting US.
Some of those are providing the access to
USD|BTC market,
including such types as
e-wallet,
P2P Marketplace,
Trading Platform,
etc.
5
exchanges has active offers for these currencies right now;
you can buy/sell using 20
local and international payment systems & banks!
The local dealers and exchanges are mentioning the support of
17 local banking institutions and the payment systems.
According to the latest data we have,
the lowest fee to
purchase BTC
with USD locally is available for
Etana,
that's a local payment system.
The most popular domestic options for purchasing BTC @ US:
Coindeal
is working with the domestic US Dollar currency
to buy and sell crypto.
Luckily, there are much more ways of buying BTC
at the platforms we compare the rates: 17
(20 counting international payment systems)
vs
4
(Skrill,
Visa & Mastercard,
Epay,
SWIFT Transfer) @ Coindeal!
There also are many inexpensive ways to buy/sell crypto from the international exchange services
in North America and worldwide,
and if this is not enough, there are plenty of P2P dealers all across the United States.