CoinCorner: Difference between revisions

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{{infobox company|name=CoinCorner, Ltd.|image=[[File:CoinCorner_Logo.png|256px]]
{{Infobox company
|industry=[[exchange]], [[eWallet]]
| name             = CoinCorner Ltd.|image=[[File:CoinCorner_Logo.png|256px]]
|founder(s)=Daniel Scott, Phil Collins, Charlie Woolnough, David Brown
| logo_caption    =
|founded=June 2014
| industry         = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]
|headquarters=Douglas, Isle of Man
| foundation          = June 2014
|website=[https://www.coincorner.com www.coincorner.com]
| founder         = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown
| location  = {{{Isle of Man}}}
| location = Douglas, Isle of Man
| website         = [https://www.coincorner.com www.coincorner.com]
}}
}}


'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. It was founded in June 2014 by Daniel Scott, David Brown, Phil Collins and Charlie Woolnough as a solution to the problem of wanting to buy Bitcoin in the [https://en.wikipedia.org/wiki/United_Kingdom United Kingdom].<ref>[https://www.coincorner.com/About About], CoinCorner.</ref> The Company was self-funded for the first 10 months, but has since raised an undisclosed amount of funding from a private investor.
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man].<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref>


CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> It currently accepts deposits via bank transfer, credit and debit card and claims to be “Arguably the easiest to use Bitcoin exchange in the world”,<ref name="CoinCorner Bitcoin Exchange">[https://www.coincorner.com/BitcoinExchange CoinCorner Bitcoin Exchange], CoinCorner.</ref> with two simple entries and one-click trading.
==Overview==
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> Users can purchase bitcoins a number of ways, including via bank transfer, credit card and debit card.<ref>[https://www.coincorner.com/BitcoinExchange "All About CoinCorner Bitcoin Exchange"], CoinCorner.</ref>


CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref name="CoinCorner Bitcoin Exchange" />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref>


It currently offers an exchange, mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone]), Bitcoin Payment Gateway and Point of Sale application <ref>[https://www.coincorner.com/ Home], CoinCorner.</ref>.
==Products and Services==
*Exchange
*eWallet
*Mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone])
*Payment gateway
*Point of sale application
 
==Transactions==
*Buy/sell bitcoins
*Send/receive bitcoins
 
==Fees==
*There are no fees for depositing, withdrawing or storing bitcoins.
*There is a 1% fee for buying and selling bitcoins.
 
The complete list of fees are available on the [https://www.coincorner.com/Fees website].
 
==Merchant Tools==
*Payment buttons
*Payment pages
*Payouts
*API available


==History==
==History==
The development of the platform began in May 2014 with a team of 3.
The development of the platform began in May 2014.


CoinCorner was founded on 18 June 2014.
CoinCorner was founded on 18 June 2014.


In July 2014, the CoinCorner team expanded to 5 employees as the exchange went live for trading.
In July 2014, the exchange went live for trading.


CoinCorner launched Phase 2 in September 2014, which included:
CoinCorner launched Phase 2 in September 2014, which included:
Line 33: Line 58:
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.


The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man. The Company received an undisclosed amount of funding from a private investor and expanded the team to 7 employees.
The Company received an undisclosed amount of funding from a private investor.
 
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man.  


==Bitcoin and the Isle of Man==
==Bitcoin and the Isle of Man==
Line 40: Line 67:


The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.
==See Also==
* [[Buying bitcoins]]
* [[Selling bitcoins]]


==References==
==References==
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==External links==
==External links==
[https://www.coincorner.com Official website]
[https://www.coincorner.com CoinCorner website]  


[[Category:Exchanges]]
[[Category:Exchanges]]

Revision as of 15:42, 20 August 2015

CoinCorner Ltd.
IndustryBitcoin exchange, eWallet
FoundedJune 2014
HeadquartersDouglas, Isle of Man
Founder(s)Daniel Scott
Phil Collins
Charlie Woolnough
David Brown
Websitewww.coincorner.com

CoinCorner is a universal Bitcoin solutions provider, based in the Isle of Man.[1]

Overview

CoinCorner launched as the first Bitcoin exchange on the Isle of Man.[2] Users can purchase bitcoins a number of ways, including via bank transfer, credit card and debit card.[3]

CoinCorner is focused on security and keeps over 90% of customer funds in cold storage as well as offering two-stage authentication to all users.[4]

Products and Services

Transactions

  • Buy/sell bitcoins
  • Send/receive bitcoins

Fees

  • There are no fees for depositing, withdrawing or storing bitcoins.
  • There is a 1% fee for buying and selling bitcoins.

The complete list of fees are available on the website.

Merchant Tools

  • Payment buttons
  • Payment pages
  • Payouts
  • API available

History

The development of the platform began in May 2014.

CoinCorner was founded on 18 June 2014.

In July 2014, the exchange went live for trading.

CoinCorner launched Phase 2 in September 2014, which included:

  • Public/Private APIs
  • Mobile Cloud Wallets for iOS and Android.
  • Point of Sale App and Terminal
  • Merchant Gateway for Ecommerce
  • Company Billing

In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.[5]

In January 2015, CoinCorner moved to offices in Douglas, in the centre of the Isle of Man’s business district.

The Company received an undisclosed amount of funding from a private investor.

The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,[6] and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man.

Bitcoin and the Isle of Man

The Isle of Man has welcomed Bitcoin-related businesses,[7] with Head of e-commerce for the Isle of Man, Peter Greenhill, telling Business Insider, "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."[8]

The Isle of Man Government amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."[9] These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.

See Also

References

  1. ↑ "FAQs", CoinCorner.
  2. ↑ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange", CoinDesk.
  3. ↑ "All About CoinCorner Bitcoin Exchange", CoinCorner.
  4. ↑ "FAQs", CoinCorner.
  5. ↑ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases", CoinDesk.
  6. ↑ "Isle of Man Introduces Regulation for Bitcoin Businesses", CoinDesk.
  7. ↑ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'", CoinDesk.
  8. ↑ "Here's the Isle of Man's plan to become a Bitcoin paradise", Business Insider.
  9. ↑ "Bitcoin Island: cleaning up the crypto currency", BBC.

External links

CoinCorner website

Retrieved from "https://en.bitcoin.it/w/index.php?title=CoinCorner&oldid=58416"