Coindirect is a UK-based cryptocurrency exchange that provides users with the ability to buy and sell cryptocurrencies using fiat currency.
In this Coindirect review, we will be looking at this promising cryptocurrency exchange, what it offers and the countries it supports.
What is Coindirect?
Coindirect is a peer-to-peer exchange platform that allows users to trade cryptocurrencies with each other directly. It is a decentralized platform, which means that it does not require any third party involvement to operate. This makes it more secure and transparent than traditional exchanges.
It is a cryptocurrency exchange with a focus on ease of use. It has low fees and a large selection of coins.
Coindirect is a cryptocurrency exchange based in the UK. It was founded in 2017 by a group of financial market participants who wanted to create an exchange that offers the best value for money while providing its users with intuitively-designed tools and services.
Coindirect’s mission is to become the most accessible exchange in the UK, offering a wide range of cryptocurrencies at low fees.
The company’s goal is to make trading cryptocurrencies as simple as possible for beginners and experienced traders alike. For this reason, Coindirect does not have any commission fees on deposits or withdrawals, but it does charge some fees when trading certain assets.
Coindirect provides access to over 50 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, EOS and more. The platform supports both fiat currencies such as GBP and EUR and cryptocurrencies like Bitcoin BTC, Ethereum ETH, Litecoin LTC XRP EOS BCH ZEC DASH among others. This Coindirect review just aims to give an overall insight into the platform.
The Coindirect platform is available worldwide, although some countries may have restrictions on trading certain currencies due to local laws and regulations.
Coindirect review: Supported countries
Coindirect currently accepts customer registrations from 24 countries and is adding support for more countries regularly.
The current list of supported countries includes South Africa, Kenya, Nigeria, the United Kingdom, Australia, Belgium, Canada, Finland, France, Germany, India, Ireland, Italy, Malaysia, Namibia, Netherlands, New Zealand, Pakistan, Saudi Arabia, Singapore, South Korea, Spain, Thailand and the United Arab Emirates.
Always check the Coindirect website to get the updated list of countries supported.
Coindirect review: Overview
Coindirect is a new cryptocurrency exchange, which has been operating since 2017. It is based in the UK and provides its users with access to a wide range of digital assets.
The exchange supports fiat currencies such as USD, EUR, and GBP. Coindirect charges a 0.5% fee for all trades and offers an attractive referral program that pays up to 25% commission.
Although it does not have many users yet compared to more popular exchanges, Coindirect’s interface seems professional and intuitive enough to handle the growing traffic.
Coindirect review: Features of Coindirect
The Coindirect exchange offers its customers a variety of features, in this Coindirect review let us look at some of those features:
Security: The Coindirect exchange provides its users with full control over their funds. It uses two-factor authentication, which means that you will need more than just your password to access your account. This prevents unauthorized access and ensures that your funds are safe.
Fast deposits: The Coindirect exchange allows its users to make instant deposits, which means they can start trading right away. This makes it easier for traders who want to invest in cryptocurrencies as quickly as possible.
Low fees: The Coindirect exchange charges low fees for all transactions on the platform. This helps traders reduce costs while still being able to make profits from their investments.
Payment methods: There are multiple payment methods such as SEPA bank transfer, and debit/credit cards. You can make payment through- Bank Transfer (National Bank Transfer, Same Bank Transfer), Mobile Money (M-PESA), Online Payment (PayPal)
Advanced trading tools: Coindirect offers users access to advanced trading tools such as stop losses and margin trading.
Ease of opening a new wallet: Coindirect allows users to open a wallet with absolute ease.
Simple transfers: As well as being fast, Coindirect simplifies transactions for users removing the complexities found in some exchanges.
Varieties of cryptocurrencies: The exchange offers lots of coins and tokens, as well as fiat currencies like USD, GBP and EUR. The platform also supports trading pairs with these fiat currencies.
API: Coindirect offers an API for developers who want to integrate their projects with the platform. The API is available on both REST and WebSocket protocols, which makes it easy for developers to integrate Coindirect into their applications.
Coindirect review: Pros and cons of coindirect
CoinDirect is a crypto trading platform that has been designed to make the crypto world more accessible and transparent. The platform allows users to trade cryptocurrencies, indices and forex in a simple and easy-to-use environment.
- CoinDirect is a very user-friendly platform that makes it easy for even first-time traders to get started.
- The exchange supports multiple languages, which means that users from around the world can use this exchange with ease.
- CoinDirect has a wide selection of coins available for trading, which means that there is something for everyone at this exchange.
- There are many different payment options available such as credit card or bank transfer as well as several e-wallets like Skrill and Neteller.
- The interface is very intuitive and easy to navigate through which makes it perfect for beginners as well as experienced traders who want to do some quick trades without having to spend too much time learning how to use an exchange like this one properly before they start making trades on it regularly without any issues whatsoever
- High-security standards. The exchange employs two-factor authentication, hot/cold storage, and bank-grade encryption.
- High liquidity. Coindirect offers high liquidity for many popular coins including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH).
- It has a built-in wallet, so you can store your coins there.
It can be difficult sometimes to verify the reputation and trustworthiness of a platform like Coindirect, as various traders have given mixed feedback. There have been claims of the platform being fraudulent, although these claims are very few.
Is Coindirect legitimate?
Yes. From this Coindirect review, it can be considered to be a safe and legitimate platform to use for both private individual clients and corporate structured businesses.
Is Coindirect regulated?
Yes. Coindirect is regulated in the UK by the Financial Conduct Authority.
The Coindirect exchange is a cryptocurrency trading platform that was created in 2017. The exchange was launched to provide users with a high level of security and reliability.
The Coindirect exchange is located in London, United Kingdom and is operated by Paybear Limited. The company is registered and has been licensed by the Financial Conduct Authority (FCA).
Hopefully, this Coindirect review has given us an overall insight into the basic understanding of Coindirect.
Still, deliberating on the exchange to get started with? Check out other reviews on some well-rated exchanges.