CoinCorner is a wallet service based in the Isle of Man. CoinCorner initially focused on Bitcoin but has added support for Litecoin, Ethereum, and Ripple since May. Users lose some control over their funds with CoinCorner being in charge of users' private keys. CoinCorner state that most users funds are kept in cold storage. CoinCorner has served over 150,000 customers.
One of the main features CoinCorner offers is making it easy for users to purchase cryptocurrencies. Upon arriving on the home screen, users are presented with an easy to understand interface where they can purchase cryptocurrencies using their debit card or complete a bank transfer. Deposits are charged 2.5% for anything up to €2,000. Anything over €2,000 is free from fees. Supported fiat currencies include EUR and GBP. Buying and selling of cryptocurrencies incur a 1% fee. Users can enable two-factor authentication to add an extra layer of security. The wallet is not hierarchical deterministic and does not have multi-signature functionality.
CoinCorner is supported on web browsers, Android, and iOS. CoinCorner has been noted to be easy to use with a very intuitive interface. Overall, CoinCorner provides a good service in some areas but there are other wallet solutions with better offerings in every area. Other wallets can provide better security, more affordable exchange services, and a wider variety of cryptocurrencies and fiat currencies.
- Facilitates straightforward purchasing of cryptocurrencies with a debit card or bank transfer
- Easy to use
- Users can enable two-factor authentication
- Most users funds are kept in cold storage
- Supported on web browsers, Android, and iOS
- Users give up control of their private keys
- The wallet is not hierarchical deterministic
- Other wallet solutions have better and more affordable offerings