CoinFalcon review & 2 testimonials for coinfalcon.com (12.2024)
- Overview: is CoinFalcon safe?
- Pros & Cons of CoinFalcon
- Services, CoinFalcon Provides
- Currencies & Payment Systems
- CoinFalcon fees
- Buying and selling limits
- Supported countries
- Customer service
- Verification at CoinFalcon
- Deposit/withdrawal speed
- Customers' testimonials
- FAQ about CoinFalcon
- CoinFalcon vs other exchanges
- Conclusion: is CoinFalcon legit or scam?
What is CoinFalcon in a nutshell? It's maybe not the most popular, yet rather an aged exchange service (trading platform) working with 9 cryptocurrencies: you can buy and sell coins using 1 fiat currency (3 banks & payment systems are supported) or exchange one crypto into another here. Exchange service started the business Oct 2017, it serves the clients for a few years. It also offers gifts to the clients! You can get your 5 EUR gift right away, check how to claim your free money at coinfalcon.com!
This service integrated with a number of currencies, banks, and payment systems.
Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here.
Based on this number
(6.0%)
we may say that CoinFalcon
charges
a very reasonable fee for smaller amounts; for higher ones it charges
high fees:
6.0%
(in line with our statistics,
90%
exchanges offer lower average fee)
Based on all these facts, our verdict is the following: CoinFalcon is a promising, although not yet reviewed much by our visitors place to buy and sell cryptocurrencies, an interesting exchange that we believe will get some nice feedback pronto!
Overview: is CoinFalcon safe?
CoinFalcon was founded by Jordan Steeves. CoinFalcon CEO is also Jordan Steeves.
Pros & Cons of CoinFalcon
Although CoinFalcon is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:
- Trading Platform operates for a long time, service was started 2017.10.
- Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
- Besides the buying and selling, you may trade cryptocurrencies and earn some profit.
- Trading platform utilizes a business model based on holding the clients funds at the online wallet; such approach has some risks.
Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at CoinFalcon! Try CoinFalcon today and let us know how you like it!
Services, CoinFalcon Provides
The platform provides the following cryptocurrency exchange-related services:
- Allows the customers to buy cryptocurrencies with fiat currencies
- Provides the clients with ways to "cash out" the crypto to fiat currency
- Helps you to exchange one crypto to another
As we can see, CoinFalcon doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?
Currencies & Payment Systems
CoinFalcon provides the service of buying and selling and exchanging 9 digital currencies using fiat currencies and crypto. Besides the fiat-to-crypto conversion and vice versa, it also allows to exchange one cryptocurrency to another. The following cryptocurrencies are available to buy-sell-swap: Cardano (ADA), Bitcoin Cash (BCHABC), Bitcoin (BTC), Dogecoin (DOGE), Ether (ETH), Litecoin (LTC), TRON (TRX), Tether (USDT), Ripple (XRP).
There are not much exchanges with so many cryptos supported! If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Most scalable cryptocurrencies to invest in 2024.
1 fiat currencies are supported to provide crypto purchase and selling: Euro (EUR). The Trading Platform will let you buy and sell Bitcoins and 8 other cryptos using the following payment systems:
- Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. Just the EUR payments are available for purchasing cryptos at the exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 7 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
- SEPA Transfer. An international payment system (it's available in 46 countries) allowing international bank transfers payments in Euro currency. Just the EUR payments are available for both buying and selling cryptocurrencies at this exchange.
- SWIFT Transfer. An international payment system (available worldwide) allowing international bank transfers payments in various currencies. Just the EUR payments are available for both buying and selling cryptocurrencies at this exchange.
CoinFalcon fees
The fees you need to pay at this trading platform during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):
-
Deposit/withdrawal fee.
Depending on the fiat payment system and currency, it's as follows:
- Commission for the money withdrawal to SEPA Transfer in Euro: 0%
- 0% to deposit funds by SEPA Transfer in Euro.
- Commission for the money withdrawal to SWIFT Transfer in Euro: €30 flat fee
- €1.8 flat fee to deposit funds by SWIFT Transfer in Euro.
- 6.0% to deposit funds by Visa & Mastercard in Euro.
-
Trading fee.
This trading platform charges the following when your trade order matches and executes:
- 0.2% of the order amount, whatever fiat or crypto currency you trade.
-
Cryptocurrency withdrawal fee.
Please note that this fee applies only when you
transfer the crypto 'out': to your own wallet, to someone else, etc.!
- 0.000080 BTC when you purchase Bitcoins
- the usual transaction fee in the according crypto, when you are buying: ADA, BCHABC, DOGE, ETH, LTC, TRX, USDT, XRP.
Are CoinFalcon fees high or low?
Now it's time to draw a conclusion: considering the average fee the exchange charges for an operation we can state that CoinFalcon charges a very reasonable fee for smaller amounts; although for a higher ones it charges high fees. According to our statistics, most of the exchanges charges about the same fees CoinFalcon does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in EUR across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is -9%, coinfalcon.com charges 6.0% for this. Can't call it cheap!
Buying and selling limits
This Trading Platform has the following limits, applicable when you buy or sell cryptocurrencies (there are no limits on crypto-to-crypto swaps):
-
Purchase limits (when you buy crypto).
- EUR 1 minimal buy when using SEPA Transfer in Euro.
- €1 minimal buy when using SWIFT Transfer in Euro.
- €1 minimal buy when using Visa & Mastercard in Euro.
-
Withdrawal limits (when you out-exchange crypto to the fiat money).
- EUR 1 min when receiving money to SEPA Transfer in Euro.
- €1 min when receiving money to SWIFT Transfer in Euro.
In fact, there are no limits on crypto-to-crypto swaps here, at CoinFalcon. You can exchange almost any amount, big or small. Nice!
Supported countries
Platform allows the users from 252 countries to use the exchange. The following countries are supported by the trading platform:
- Afghanistan (AF)
- Aland Islands (AX)
- Albania (AL)
- Algeria (DZ)
- American Samoa (AS)
- Andorra (AD)
- Angola (AO)
- Anguilla (AI)
- Antarctica (AQ)
- Antigua & Barbuda (AG)
- Argentina (AR)
- Armenia (AM)
- Aruba (AW)
- Ascension Island (AC)
- Australia (AU)
- Austria (AT)
- Azerbaijan (AZ)
- Bahamas (BS)
- Bahrain (BH)
- Bangladesh (BD)
- Barbados (BB)
- Belarus (BY)
- Belgium (BE)
- Belize (BZ)
- Benin (BJ)
- Bermuda (BM)
- Bhutan (BT)
- Bolivia (BO)
- Bosnia & Herzegovina (BA)
- Botswana (BW)
- Bouvet Island (BV)
- Brazil (BR)
- British Indian Ocean Territory (IO)
- British Virgin Islands (VG)
- Brunei (BN)
- Bulgaria (BG)
- Burkina Faso (BF)
- Burundi (BI)
- Cambodia (KH)
- Cameroon (CM)
- Canada (CA)
- Canary Islands (IC)
- Cape Verde (CV)
- Caribbean Netherlands (BQ)
- Cayman Islands (KY)
- Central African Republic (CF)
- Ceuta & Melilla (EA)
- Chad (TD)
- Chile (CL)
- China (CN)
- Christmas Island (CX)
- Cocos (Keeling) Islands (CC)
- Colombia (CO)
- Comoros (KM)
- Congo - Brazzaville (CG)
- Congo - Kinshasa (CD)
- Cook Islands (CK)
- Costa Rica (CR)
- Côte d’Ivoire (CI)
- Croatia (HR)
- Cuba (CU)
- 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)
- Equatorial Guinea (GQ)
- Eritrea (ER)
- Estonia (EE)
- Ethiopia (ET)
- 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)
- Ghana (GH)
- Gibraltar (GI)
- Greece (GR)
- Greenland (GL)
- Grenada (GD)
- Guadeloupe (GP)
- Guam (GU)
- Guatemala (GT)
- Guernsey (GG)
- Guinea (GN)
- Guinea-Bissau (GW)
- Guyana (GY)
- Haiti (HT)
- Heard Island and McDonald Islands (HM)
- Honduras (HN)
- Hong Kong SAR China (HK)
- Hungary (HU)
- Iceland (IS)
- India (IN)
- Indonesia (ID)
- Iraq (IQ)
- 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)
- Libya (LY)
- Liechtenstein (LI)
- Lithuania (LT)
- Luxembourg (LU)
- Macau SAR China (MO)
- Macedonia (MK)
- Madagascar (MG)
- 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)
- Mozambique (MZ)
- Myanmar (Burma) (MM)
- Namibia (NA)
- Nauru (NR)
- Nepal (NP)
- Netherlands (NL)
- New Caledonia (NC)
- New Zealand (NZ)
- Nicaragua (NI)
- Niger (NE)
- Nigeria (NG)
- Niue (NU)
- Norfolk Island (NF)
- Northern Mariana Islands (MP)
- Norway (NO)
- Oman (OM)
- Pakistan (PK)
- Palau (PW)
- Palestinian Territories (PS)
- Panama (PA)
- Papua New Guinea (PG)
- Paraguay (PY)
- Peru (PE)
- Philippines (PH)
- Pitcairn Islands (PN)
- Poland (PL)
- Portugal (PT)
- Puerto Rico (PR)
- Qatar (QA)
- Réunion (RE)
- Romania (RO)
- Russia (RU)
- Rwanda (RW)
- Samoa (WS)
- San Marino (SM)
- São Tomé & Príncipe (ST)
- Saudi Arabia (SA)
- Senegal (SN)
- Serbia (RS)
- Seychelles (SC)
- Sierra Leone (SL)
- Singapore (SG)
- Sint Maarten (SX)
- Slovakia (SK)
- Slovenia (SI)
- Solomon Islands (SB)
- Somalia (SO)
- South Africa (ZA)
- South Georgia & South Sandwich Islands (GS)
- South Korea (KR)
- South Sudan (SS)
- Spain (ES)
- Sri Lanka (LK)
- St. Barthélemy (BL)
- St. Helena (SH)
- St. Kitts & Nevis (KN)
- St. Lucia (LC)
- St. Martin (MF)
- St. Pierre & Miquelon (PM)
- St. Vincent & Grenadines (VC)
- Sudan (SD)
- Suriname (SR)
- Svalbard & Jan Mayen (SJ)
- Swaziland (SZ)
- Sweden (SE)
- Switzerland (CH)
- Syria (SY)
- Taiwan (TW)
- Tajikistan (TJ)
- Tanzania (TZ)
- Thailand (TH)
- Timor-Leste (TL)
- Togo (TG)
- Tokelau (TK)
- Tonga (TO)
- Trinidad & Tobago (TT)
- Tristan da Cunha (TA)
- Tunisia (TN)
- Turkey (TR)
- Turkmenistan (TM)
- Turks & Caicos Islands (TC)
- Tuvalu (TV)
- Uganda (UG)
- Ukraine (UA)
- United Arab Emirates (AE)
- United Kingdom (GB)
- Uruguay (UY)
- U.S. Outlying Islands (UM)
- U.S. Virgin Islands (VI)
- Uzbekistan (UZ)
- Vanuatu (VU)
- Vatican City (VA)
- Venezuela (VE)
- Vietnam (VN)
- Wallis & Futuna (WF)
- Western Sahara (EH)
- Yemen (YE)
- Zambia (ZM)
- Zimbabwe (ZW)
Does CoinFalcon allow the users from United States (US)?
Sorry, but the coinfalcon.com can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of Trading Platform type, who warmly welcomes the American people! We can recommend you look at these:
Customer service
Verification at CoinFalcon
The coinfalcon.com may require the customers to pass through the user identification (account verification) process. The following procedures should be completed if you desire to buy or sell the cryptos using fiat money here:
- ID verification
- A video verification (over a webcam)
Note that the verification is only required for the exchanges with fiat currencies (i.e. buying and selling digital currencies)! According to the exchange itself, less than 3 minutes is required to verify an account.
According to the customers surveys results, the average time to verify an account at CoinFalcon is the following:
Sorry, we haven't yet collected enough data. Do you know, how fast trading platform does account verification? Kindly let us know, too. Thank you very much!
Deposit/withdrawal speed
CoinFalcon processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this trading platform, let us and the community know about it, please!
Is CoinFalcon instant?
So, what can we see? In accordance with the data we know about the coinfalcon.com, orders at CoinFalcon should be instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.
Customers' testimonials
Our users left 2 testimonials about their experience dealing with CoinFalcon, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!
Awesome service! I made few exchanges here and was impressed by their speed! Thank you!!
Rapido, económico, seguro. ¡Mejor exchange!
Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the CoinFalcon services, so most likely, you'd enjoy it too!
FAQ about CoinFalcon
Does CoinFalcon holds my funds?
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" CoinFalcon 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 CoinFalcon a good trading platform?
Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!
Is CoinFalcon licensed? Does it hold e-money license?
It is not, although seems that such business model complies with the regulation in CoinFalcon home country.
Is CoinFalcon a ripoff?
It is not a ripoff, although we have not rated CoinFalcon yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is CoinFalcon legit or scam.
How to get €5 from CoinFalcon for free?
Easy! Just deposit to your CoinFalcon account no less than 200 EUR and free 5 Euros will be added to your balance right away!
CoinFalcon vs other exchanges
Let's compare coinfalcon.com to other similar exchange services with more or less the same features: others of trading platform type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 50 other cryptos, check the best rates to buy bitcoin and crypto in United States!
CoinFalcon vs CEX
Let's compare the key features of these two platforms to see which one suits you best:
- CEX is a trading platform CoinFalcon is a trading platform, both are using the same business model.
- CEX had started the business July 2014 CoinFalcon started the business October 2017 (cex.io is working for 3 years and 3 months longer time).
- cex.io has all the required business licenses and permissions CoinFalcon is an ordinary company without licenses, etc. (CEX's business model is more stable and safer for clients).
- Besides buying, selling and exchanging cryptocurrencies, cex.io provides the following extra services: Lending, Margin Trading, Faucets (small amounts of cryptos for free) and the Staking, MasterNodes, etc. (passive income opportunity) CoinFalcon provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
- CEX supports 29 cryptocurrencies and tokens CoinFalcon allows to swap 9 cryptos (CoinFalcon works with 20 cryptocurrencies & tokens fewer).
- 3 fiat currencies are available on cex.io website You'll be able to use 1 fiat currency converting it to crypto or token CoinFalcon (CoinFalcon supports 2 fiat currencies less).
- CEX accepts deposits from and allows withdrawals to 8 fiat payment systems / banks CoinFalcon allows the user to utilize 3 various fiat payment systems and/or banks (CoinFalcon supports 5 banks and fiat payment systems less).
- CEX charges 0.3% — 3.99% fee CoinFalcon charges the client 6.0% fee, depending on the currency, payment system, etc. (CoinFalcon has higher fees, generally).
- CEX offers no gifts to the customers, cashback is also not available CoinFalcon offers gifts to the customers (CoinFalcon offers more extra bonuses).
- CEX allows registrations from 224 countries; United States is among the supported ones You may register at CoinFalcon if you reside in one of 252 countries; unfortunately, United States is not among the supported ones (CoinFalcon supports more countries worldwide).
- During the account verification CEX usually asks for 3 documents and/or procedures (id verification, phone confirmation, selfie) and it takes a day or two in most of the cases User identification at CoinFalcon usually consists of 2 different procedures: id verification, additional information upon compliance staff decision (CoinFalcon policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).
- Our users left 27 testimonials about CEX, 100% of which are positive We've collected 2 users testimonials about CoinFalcon, 100% are positive (CoinFalcon & CEX share the same percentage of positive user reviews).
Although the final decision, which exchange — CEX or CoinFalcon — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
CoinFalcon vs Coinbase
Let's compare the key features of these two platforms to see which one suits you best:
- Coinbase is a e-wallet CoinFalcon is a trading platform, it has a different business model (feel free to read about the differences between e-wallet and trading platform)
- Coinbase had started the business June 2012 CoinFalcon started the business October 2017 (coinbase.com is working for 5 years and 4 months longer time).
- coinbase.com has all the required business licenses and permissions CoinFalcon is an ordinary company without licenses, etc. (Coinbase's business model is more stable and safer for clients).
- Besides buying and selling cryptocurrencies, coinbase.com provides the following extra services: ATM Cards, Merchant Services and the Staking, MasterNodes, etc. (passive income opportunity) CoinFalcon provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
- Coinbase supports 21 cryptocurrencies and tokens CoinFalcon allows to swap 9 cryptos (CoinFalcon works with 12 cryptocurrencies & tokens fewer).
- 6 fiat currencies are available on coinbase.com website You'll be able to use 1 fiat currency converting it to crypto or token CoinFalcon (CoinFalcon supports 5 fiat currencies less).
- Coinbase accepts deposits from and allows withdrawals to 8 fiat payment systems / banks CoinFalcon allows the user to utilize 3 various fiat payment systems and/or banks (CoinFalcon supports 5 banks and fiat payment systems less).
- Coinbase charges 1.0% — 3.99% fee CoinFalcon charges the client 6.0% fee, depending on the currency, payment system, etc. (CoinFalcon has lower fees in general).
- Coinbase gives the gifts to the customers CoinFalcon offers gifts to the customers (CoinFalcon offers more extra bonuses).
- Coinbase allows registrations from 39 countries; United States is among the supported ones You may register at CoinFalcon if you reside in one of 252 countries; unfortunately, United States is not among the supported ones (CoinFalcon supports more countries worldwide).
- During the account verification Coinbase usually asks for 2 documents and/or procedures (id verification, phone confirmation) and it takes a day or two in most of the cases User identification at CoinFalcon usually consists of 2 different procedures: id verification, additional information upon compliance staff decision (CoinFalcon policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).
- Our users left 25 testimonials about Coinbase, 96% of which are positive We've collected 2 users testimonials about CoinFalcon, 100% are positive (CoinFalcon has better testimonials from the clients).
Although the final decision, which exchange — Coinbase or CoinFalcon — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
CoinFalcon vs TransCoin
Let's compare the key features of these two platforms to see which one suits you best:
- TransCoin is a broker CoinFalcon is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
- TransCoin had started the business May 2018 CoinFalcon started the business October 2017 (CoinFalcon operates 7 months longer).
- transcoin.me has all the required business licenses and permissions CoinFalcon is an ordinary company without licenses, etc. (TransCoin's business model is more stable and safer for clients).
- Besides the digital currencies exchange, TransCoin provides no extra services CoinFalcon provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
- TransCoin supports 1 cryptocurrency CoinFalcon allows to swap 9 cryptos (CoinFalcon additionally works with 8 added cryptocurrencies/tokens).
- TransCoin offers no gifts to the customers, cashback is also not available CoinFalcon offers gifts to the customers (CoinFalcon offers more extra bonuses).
- TransCoin allows registrations from 255 countries; United States is among the supported ones You may register at CoinFalcon if you reside in one of 252 countries; unfortunately, United States is not among the supported ones (CoinFalcon supports less countries).
- During the account verification TransCoin usually asks for some (it depends) documents and/or procedures User identification at CoinFalcon usually consists of 2 different procedures: id verification, additional information upon compliance staff decision (CoinFalcon's compliance program forces a client to take more actions or to provide more data).
- Our users left 5 testimonials about TransCoin, 100% of which are positive We've collected 2 users testimonials about CoinFalcon, 100% are positive (CoinFalcon & TransCoin share the same percentage of positive user reviews).
Although the final decision, which exchange — TransCoin or CoinFalcon — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
CoinFalcon vs Kraken
Let's compare the key features of these two platforms to see which one suits you best:
- Kraken is a trading platform CoinFalcon is a trading platform, both are using the same business model.
- Kraken had started the business July 2011 CoinFalcon started the business October 2017 (kraken.com is working for 6 years and 2 months longer time).
- kraken.com has all the required business licenses and permissions CoinFalcon is an ordinary company without licenses, etc. (Kraken's business model is more stable and safer for clients).
- Besides buying, selling and exchanging cryptocurrencies, kraken.com provides the following extra services: Mobile wallet, OTC trading, Margin Trading, Futures Trading and the Staking, MasterNodes, etc. (passive income opportunity) CoinFalcon provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
- Kraken supports 34 cryptocurrencies and tokens CoinFalcon allows to swap 9 cryptos (CoinFalcon works with 25 cryptocurrencies & tokens fewer).
- 7 fiat currencies are available on kraken.com website You'll be able to use 1 fiat currency converting it to crypto or token CoinFalcon (CoinFalcon supports 6 fiat currencies less).
- Kraken accepts deposits from and allows withdrawals to 10 fiat payment systems / banks CoinFalcon allows the user to utilize 3 various fiat payment systems and/or banks (CoinFalcon supports 7 banks and fiat payment systems less).
- Kraken charges 0.25% — 3.75% fee CoinFalcon charges the client 6.0% fee, depending on the currency, payment system, etc. (CoinFalcon has higher fees, generally).
- Kraken offers no gifts to the customers, cashback is also not available CoinFalcon offers gifts to the customers (CoinFalcon offers more extra bonuses).
- Kraken allows registrations from 234 countries; United States is among the supported ones You may register at CoinFalcon if you reside in one of 252 countries; unfortunately, United States is not among the supported ones (CoinFalcon supports more countries worldwide).
- During the account verification Kraken usually asks for 2 documents and/or procedures (id verification, address confirmation) and it takes a day or two in most of the cases User identification at CoinFalcon usually consists of 2 different procedures: id verification, additional information upon compliance staff decision (CoinFalcon policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).
- Our users left 3 testimonials about Kraken, 100% of which are positive We've collected 2 users testimonials about CoinFalcon, 100% are positive (CoinFalcon & Kraken share the same percentage of positive user reviews).
Although the final decision, which exchange — Kraken or CoinFalcon — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
CoinFalcon vs EXMO
Let's compare the key features of these two platforms to see which one suits you best:
- EXMO is a trading platform CoinFalcon is a trading platform, both are using the same business model.
- EXMO had started the business May 2013 CoinFalcon started the business October 2017 (exmo.me is working for 4 years and 5 months longer time).
- exmo.me has all the required business licenses and permissions CoinFalcon is an ordinary company without licenses, etc. (EXMO's business model is more stable and safer for clients).
- Besides buying, selling and exchanging cryptocurrencies, exmo.me provides the following extra services: Cash codes, OTC trading and the Margin Trading CoinFalcon provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens.
- EXMO supports 24 cryptocurrencies and tokens CoinFalcon allows to swap 9 cryptos (CoinFalcon works with 15 cryptocurrencies & tokens fewer).
- 5 fiat currencies are available on exmo.me website You'll be able to use 1 fiat currency converting it to crypto or token CoinFalcon (CoinFalcon supports 4 fiat currencies less).
- EXMO accepts deposits from and allows withdrawals to 9 fiat payment systems / banks CoinFalcon allows the user to utilize 3 various fiat payment systems and/or banks (CoinFalcon supports 6 banks and fiat payment systems less).
- EXMO charges 0.15% — 5.95% fee CoinFalcon charges the client 6.0% fee, depending on the currency, payment system, etc. (CoinFalcon has higher fees, generally).
- EXMO offers no gifts to the customers, cashback is also not available CoinFalcon offers gifts to the customers (CoinFalcon offers more extra bonuses).
- EXMO allows registrations from 255 countries; United States is among the supported ones You may register at CoinFalcon if you reside in one of 252 countries; unfortunately, United States is not among the supported ones (CoinFalcon supports less countries).
- During the account verification EXMO usually asks for 3 documents and/or procedures (id verification, address confirmation, selfie) and it takes a day or two in most of the cases User identification at CoinFalcon usually consists of 2 different procedures: id verification, additional information upon compliance staff decision (CoinFalcon's KYC, AML, etc programs and policies permit a user to finish fewer procedures, to share reduced personal information).
- Our users left 20 testimonials about EXMO, 95% of which are positive We've collected 2 users testimonials about CoinFalcon, 100% are positive (CoinFalcon has better testimonials from the clients).
Although the final decision, which exchange — EXMO or CoinFalcon — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Conclusion: is CoinFalcon legit or scam?
Now it's time to draw a conclusion, is coinfalcon.com a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign CoinFalcon a rating, but according to our research it should be a good exchange. We have found no evidence that this trading platform is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the CoinFalcon:
- Although it has no financial licenses, etc. such a business model complies with the regulation
- The trading platform holds users' funds
- This company has being in the business for a long time; exchange was started 7 years and 1 months ago
- Exchange supports 9 cryptocurrencies and 1 fiat ones (totally 3 payment systems / banks are available). There are no extra services besides the digital currencies exchange
- It charges the high fees: 6.0%; although the exchange of smaller amounts is rather inexpensive
- CoinFalcon accepts the clients from 252 countries; unfortunately, users from United States are not permitted to use the service
- Exchange will gift you free money on certain conditions. Learn how to get some money for free from coinfalcon.com!
- Clients' testimonials are perfect, 100% (2 out of 2) note their positive experience dealing with CoinFalcon.