coinDeaL

Overview of coinDeaL

coinDeaL, a cryptocurrency exchange, was founded in the year 2017 and is headquartered in Malta. The exchange offers a wide range of services for cryptocurrency enthusiasts and traders. While it operates in an unregulated environment, it has gained attention for its variety of features.

With a selection of over 100 cryptocurrencies available, including well-known options like Bitcoin, Ethereum, Litecoin, and Ripple, coinDeaL. The exchange supports multiple trading platforms, providing users with options such as the coinDeaL web platform, the coinDeaL mobile app, and the coinDeaL API, thus accommodating traders across various devices.

Deposits and withdrawals on coinDeaL can be executed through multiple methods, including credit cards, debit cards, bank transfers, and e-wallets, providing flexibility for users to manage their funds according to their preferences.

In addition to its trading services, coinDeaL offers educational resources to assist traders in making informed decisions. These resources include a blog, a knowledge base, and a video tutorial library, empowering users with valuable insights into the cryptocurrency landscape.

The exchange places a strong emphasis on customer support, with assistance available around the clock. Users can reach out to the support team via live chat, email, and phone, ensuring that their queries and concerns are addressed promptly.

Pros and cons

Pros:

Wide Cryptocurrency Variety: coinDeaL offers access to a wide range of over 100 cryptocurrencies, including popular ones like Bitcoin, Ethereum, Litecoin, and Ripple. This variety gives traders ample options for diversification and exploring emerging tokens.

User-Friendly Platforms: The availability of multiple trading platforms, including a web platform, mobile app, and API. This user-friendly approach enhances accessibility and convenience for users with different levels of expertise.

Educational Resources: coinDeaL's commitment to education is evident through its blog, knowledge base, and video tutorial library. These resources empower traders with insights, tips, and knowledge to make informed decisions in the volatile world of cryptocurrencies.

Cons:

Lack of Regulation: Operating in an unregulated environment might be concerning for users who prioritize regulatory oversight and consumer protection. The absence of regulatory authority could potentially impact trust and transparency.

Limited Regulatory Assurance: Due to the lack of a specified regulatory authority, users may lack the assurance of recourse in case of disputes or issues. Regulatory oversight often offers a layer of protection for traders.

Regulatory Authority

coinDeaL is unregulated, compounded by the fact that its previously held FinCEN license has exceeded its effective date. The expiration of the FinCEN license raises questions about the platform's adherence to legal and regulatory standards, potentially impacting user trust and investor confidence. The absence of regulatory oversight, coupled with an expired license, creates uncertainty regarding the exchange's operational legitimacy and its commitment to compliance with financial regulations.

When a license exceeds its effective date expiration, it means that the authorization granted by the licensing authority to operate within certain regulatory frameworks is no longer valid. This effectively renders the platform unauthorized and non-compliant with the regulations that were initially enforced by the license. In the context of coinDeaL, an exceeded effective date expiration for its FinCEN license signifies that the exchange might be operating without the proper legal framework, potentially exposing users to increased risks and leaving the platform's regulatory standing in doubt.

Security

Further research or gathering additional information may be necessary to gain insights into the security measures and user feedback of coinDeaL. It is essential for users to prioritize security when choosing a virtual currency exchange platform and consider factors such as encryption protocols, two-factor authentication, and industry-standard security practices.

Trading Market

Cryptocurrency Trading: The core focus of coinDeaL, offering trading for over 50 cryptocurrency pairs, including major tokens like Bitcoin and Ethereum, and smaller altcoins.

Margin Trading: Users could leverage their positions to amplify potential profits (and losses) by borrowing funds from the platform. Margin rates varied depending on the chosen cryptocurrency and leverage level.

Fiat Gateways: coinDeaL accepted deposits and withdrawals in both EUR and USD, along with various cryptocurrency options. It supported multiple payment methods, including credit/debit cards, bank transfers, and e-wallets.

coinDeaL Token (CDL): The platform's own utility token provides benefits like fee discounts and voting rights on platform decisions.

Services

coinDeaL Wallet: Users can store their purchased cryptocurrencies within the platform's own secure digital wallet. The wallet supported multiple major tokens and offered basic functionalities like sending and receiving crypto.

coinDeaL Foundation: The platform established a philanthropic arm to support social causes and promote blockchain technology for good. The foundation focused on areas like education, environmental sustainability, and financial inclusion.

Referral Program: Users could earn rewards by inviting friends and family to join the coinDeaL platform. This incentivized user growth and spread awareness about the exchange.

Trading Contests and Events: coinDeaL occasionally holds trading contests and events with rewards for users who achieve specific goals. This added excitement and potential for additional earnings to the trading experience.

coinDeaL APP

CoinDeal's mobile app brings cryptocurrency trading to your fingertips with a host of user-friendly features. The app is designed to provide a seamless and efficient trading experience on the go. Here are some key features of the CoinDeal app:

Intuitive Interface: The app boasts an intuitive and user-friendly interface, making it easy for both beginners and experienced traders to navigate. The clean design ensures a smooth and efficient trading experience.

Real-time Trading: Experience real-time trading with live updates on cryptocurrency prices, market trends, and your portfolio. Stay informed about market movements to make timely and informed trading decisions.

Different Cryptocurrency Pairs: Access a wide range of cryptocurrency trading pairs directly from the app. CoinDeal offers over 50 pairs, including major tokens like Bitcoin and Ethereum, as well as various altcoins, providing a range of trading options.

Secure Transactions: Benefit from secure transactions with advanced security features integrated into the app. CoinDeal prioritizes the safety of your digital assets, incorporating measures such as multi-signature technology and cold storage.

Portfolio Management: Efficiently manage your cryptocurrency portfolio with the app's portfolio tracking feature. Monitor your holdings, track profits and losses, and make adjustments to your investment strategy on the go.

To download the CoinDeal app, follow these steps:

For Android:

1. Visit the Google Play Store on your Android device.

2. In the search bar, type “CoinDeal” and press Enter.

3. Locate the official CoinDeal app in the search results.

4. Click on the app to view its details.

5. Press the “Install” button to download and install the CoinDeal app on your Android device.

How to Buy Cryptos

1. Ensure Apple Pay Setup: Ensure you have Apple Pay set up on your iPhone or iPad. Apple Pay allows you to make secure payments using your linked debit or credit card.

2. Open coinDeaL App: Open the coinDeaL mobile app and navigate to the “Markets” section.

3. Select Cryptocurrency and Amount: Choose the cryptocurrency you want to buy and enter the desired amount.

4. Select Payment Method: Choose Apple Pay as the payment method.

5. Authenticate Payment: Follow the on-screen prompts to authenticate the payment using your Apple Pay credentials.

6. Confirm Transaction: Review the transaction details and confirm your purchase. Upon successful completion, the purchased cryptocurrency will be added to your coinDeaL account.

Cryptocurrencies available

coinDeaL boasts an extensive array of over 100 cryptocurrency trading pairs, encompassing a diverse selection of both major tokens and smaller altcoins. Among the major tokens featured are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), XRP, USD Coin (USDC), Cardano (ADA), Avalanche (AVAX), Solana (SOL), Dogecoin (DOGE), and many more. The platform also supports a variety of smaller altcoins, including Chainlink (LINK), Polygon (MATIC), Uniswap (UNI), Fantom (FTM), The Sandbox (SAND), Decentraland (MANA), Shiba Inu (SHIB), and others.

How to open an account？

The registration process of coinDeaL follows a series of steps to ensure a seamless onboarding experience for users. Here is a detailed breakdown of the process:

1. Visit the coinDeaL website and click on the “Sign Up” or “Register” button to initiate the registration process.

2. Provide your personal information, including your full name, email address, and password, in the designated fields on the registration form.

3. Agree to the terms and conditions and privacy policy by checking the corresponding checkboxes.

4. Complete any necessary verification processes, which may involve providing additional identification documents or verifying your email address.

5. Set up security measures, such as enabling two-factor authentication or creating a strong password, to enhance the security of your account.

6. Once your registration is complete, you can proceed to access the platform's features and functionalities and begin trading cryptocurrencies.

Fees

Maker Fees: coinDeaL implements a maker fee of 0.29%, which is applicable when users place an order that doesn't immediately match an existing one. This fee structure encourages users to contribute liquidity to the market by adding new orders.

Taker Fees: For immediate order matches, coinDeaL charges a taker fee of 0.39%. This fee is incurred when users place orders that are promptly fulfilled by existing orders, promoting efficient market execution.

Withdrawal Fees: coinDeaL's withdrawal fees differ based on the cryptocurrency being withdrawn. For instance, Bitcoin withdrawals incur a 0.0005 BTC fee, while Ethereum withdrawals come with a 0.004 ETH fee. The variable fee structure corresponds to blockchain network costs.

Deposit Fees: The deposit fees on coinDeaL vary depending on the chosen payment method. Notably, credit card deposits are accompanied by a 3.5% fee, whereas bank transfers entail a 0.1% fee. These fees are reflective of the processing methods and costs associated with different payment options.

Deposit & Withdrawal

coinDeaL provides a range of deposit methods including credit and debit cards, bank transfers, Skrill, E-pay, Neteller, Payeer, and ADVCash, each with varying processing times and associated fees.

Deposits made with credit and debit cards provide instant processing but come with a 3.5% fee. Bank transfers, on the other hand, take a few days to process and do not incur any fees, making them a cost-effective choice.

For swift deposits, options like Skrill, E-pay, Neteller, Payeer, and ADVCash are available, all processed instantly with varying fees ranging from 1.4% to 2%. It's important to note that while some methods offer transparency regarding fees, others lack this information on the official website, potentially raising concerns about the overall fee structure's clarity.

Regarding withdrawals, coinDeaL's range of cryptocurrencies comes with varying withdrawal fees. The platform applies fees based on the specific cryptocurrency being withdrawn, such as 0.0005 BTC for Bitcoin and 0.004 ETH for Ethereum. Withdrawal fees, while mentioned for some cryptocurrencies, might not be explicitly outlined for all options, potentially creating uncertainty about associated costs.

Customer Support

coinDeaL provides a comprehensive set of customer support options to ensure users have easy access to assistance and information. Here are the features of their customer support channels:

Twitter (https://twitter.com/coinDeaLcom):coinDeaL maintains an active presence on Twitter, a popular social media platform. Users can follow their Twitter account for real-time updates, and announcements, and potentially reach out with queries or concerns through direct messages or mentions. The platform's Twitter handle, @coinDeaLcom, serves as an additional channel for users to stay informed and engage with the coinDeaL community.

Email (support@coinDeaL.com): For more formal and direct communication, coinDeaL offers customer support via email. Users can reach out to the support team at support@coinDeaL.com to seek assistance, report issues, or inquire about various aspects of their trading experience. The email support system allows users to provide detailed information and receive personalized responses from the coinDeaL support team.

Facebook (https://www.facebook.com/coinDeaLcom/):coinDeaL maintains an official presence on Facebook, a widely used social media platform. Users can visit the coinDeaL Facebook page at https://www.facebook.com/coinDeaLcomto access updates, and news, and engage with the community. Similar to Twitter, Facebook can serve as a platform for users to connect with coinDeaL, share their experiences, and potentially inquire about customer support matters through private messages or comments.

Is coinDeaL a Good Exchange for You？

coinDeaL is the best cryptocurrency exchange for traders who prioritize a user-friendly interface.

1. Active Traders: For those who thrive on frequent trades and market movements, coinDeaL's competitive fee structure, comprising maker and taker fees, can be advantageous. The availability of a variety of cryptocurrencies, coupled with instant deposit methods like Skrill and Neteller, appeals to the fast-paced nature of active trading. The platform's multiple trading platforms and interfaces further enhance accessibility and real-time engagement, making it suitable for traders seeking quick execution and efficient management of their portfolios.

2. Crypto Enthusiasts: Cryptocurrency enthusiasts looking to diversify their holdings and explore a wide array of digital assets may find coinDeaL appealing. With over 100 cryptocurrencies on offer, including major players like Bitcoin and Ethereum, the platform provides a comprehensive selection. The educational resources, such as the blog and video tutorial library, can equip enthusiasts with insights to make informed investment decisions. Moreover, coinDeaL's support for various deposit methods, from bank transfers to Skrill, accommodates enthusiasts seeking flexibility in their trading approach.

3. Novice Traders: coinDeaL can be a welcoming platform for newcomers to the world of cryptocurrency trading. The instant processing times for deposits through credit and debit cards, along with user-friendly interfaces. The educational resources, including a knowledge base, offer valuable guidance to those who are just starting their journey in the complex realm of cryptocurrencies. Additionally, the availability of customer support around the clock can provide reassurance to novice traders seeking assistance as they navigate the platform.

Conclusion

In conclusion, coinDeaL presents itself as a multifaceted platform with a range of offerings. With its Malta-based operations, the exchange provides access to over 100 cryptocurrencies, appealing to enthusiasts' desire for variety. coinDeaL's provision of instant deposit methods like credit cards and its commitment to education through resources like a knowledge base and tutorials offer a user-friendly experience. However, potential traders should exercise caution and ensure thorough research to determine if coinDeaL's features align with their trading preferences and objectives.

FAQs

Q: What cryptocurrencies are available for trading on coinDeaL？

A: coinDeaL offers over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

Q: How can I register an account on coinDeaL？

A: You can register an account on coinDeaL by following the registration process on their website.

Q: Are there any fees for trading on coinDeaL？

A: Yes, coinDeaL charges maker and taker fees for trading, along with varying deposit and withdrawal fees.

Q: What are the deposit and withdrawal methods and their processing time on coinDeaL？

A: coinDeaL provides various deposit methods including credit cards, bank transfers, and e-wallets, with processing times varying. Withdrawal methods differ based on cryptocurrency and might have associated fees.

Q: Does coinDeaL provide educational resources and tools for traders？

A: Yes, coinDeaL offers educational resources such as a blog, knowledge base, and video tutorials.

Q: What are the customer support options offered by coinDeaL？

A: coinDeaL provides 24/7 customer support through live chat, email, and phone.

Q: Who are the suitable target groups for using coinDeaL？

A: coinDeaL can be good for active traders, cryptocurrency enthusiasts, and novice traders.

User Review

User 1: Yo, fellow crypto explorers! So, let me spill the tea on coinDeaL. I stumbled upon this gem when I was still finding my way around the crypto jungle, and let me tell you, it's been quite the adventure. The fact that they offer over 50 crypto pairs is like having a candy store for digital assets. I've dabbled in Bitcoin and Ethereum, the OGs, and also tried my hand at some altcoins like Dogecoin and Shiba Inu – you know, the meme coins that keep the crypto world spicy.

One thing that I absolutely love about coinDeaL is the variety. They've got major tokens like Tether, Binance Coin, and Cardano, and then they throw in some smaller altcoins like Chainlink and Uniswap for good measure. It's like a crypto buffet where you can mix and match your favorites. The trading pairs cover a wide range, and it's super easy to jump in and out of different assets. The platform is user-friendly, and I didn't need a PhD in crypto to figure it out.

User 2: Hey crypto buddies! Just wanted to drop some wisdom on coinDeaL – my crypto haven. I've been around the crypto block a few times, and let me say, coinDeaL is like a breath of fresh air. The range of cryptocurrencies they offer is mind-blowing – over 50 trading pairs! It's a playground for crypto enthusiasts. I've traded big guns like Bitcoin and Ethereum, but what sets coinDeaL apart is love for underdogs. Shoutout to Dogecoin and Shiba Inu – the wild cards that keep my portfolio exciting.

Now, let's talk about ease of use. coinDeaL's platform is like a well-designed spaceship – sleek, smooth, and takes you where you want to go. I'm no tech genius, but navigating through the trading pairs and executing orders is a breeze. They've got major tokens like Tether and Cardano, and the smaller altcoins like Chainlink and Uniswap add that extra flavor to the mix. It's like they've thought of everything to make trading enjoyable.

Risk Warning

There are inherent security risks associated with investing in cryptocurrency exchanges. It is important to understand these risks before making such investments. Cryptocurrency exchanges are vulnerable to hacking, fraud, and technical glitches, which can lead to the loss of funds.

It is recommended to choose a reputable and regulated exchange, keep abreast of security measures, and be vigilant in detecting and reporting any suspicious activity. Please ensure that you understand the risks involved and note that the information contained in this article is for general information only.