CoinCorner

From Bitcoin Wiki
Revision as of 15:15, 16 September 2015 by Coincorner (talk | contribs) (Updates regarding launch of European market)
Jump to navigation Jump to search
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 SEPA.[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 gateway
  • Payment buttons
  • Payouts
  • Point of Sale solution

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.

On 16th September 2015, CoinCorner announced the launch of its European market[7]. This included EUR/BTC trading, SEPA added to the list of payment options and a German version of the site.

Bitcoin and the Isle of Man

The Isle of Man has welcomed Bitcoin-related businesses,[8] 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."[9]

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."[10] These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.

See Also

References

External links

CoinCorner website