CoinFalcon

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CoinFalcon is a European cryptocurrency exchange that allows users to trade a variety of cryptocurrencies. Based in the UK, CoinFalcon's business is to see everyone empowered by the future of money by making it easier to buy, sell, and hold crypto assets.

Cryptocurrency and Blockchain technology have revolutionized many aspects of everyday life and opened up a world of possibilities where money value and payment systems are no longer controlled by centralized institutions. Anyone and everyone can own digital assets today and CoinFalcon is proud to provide its services towards making this a reality.

History[edit]

In October 2017, CoinFalcon was launched by founder and current CEO, Jordan Steeves who set up the exchange with the mission to put the future of money, in the pockets of the world. At its inception, CoinFalcon only catered to European countries, but has since expanded to most other countries in the world.

On June 1st, 2018, CoinFalcon began accepting swift payments for international bank transfers. This was in addition to other payment methods like Skrill and Neteller.

On July 16th, 2019, CoinFalcon 2.0[1] was launched and featured the credit/debit card payment method for buying cryptocurrencies.

On September 1st, 2019 Coinfalcon expanded its services and became available to users in the United States and other countries across the globe.

Trading and Supported Assets[edit]

As of September 2019, CoinFalcon supports the following digital assets -- Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH)[2], Ripple (XRP), Tron (TRX), IOTA (IOT), EOS, Dogecoin (DOGE), Electra (ECA), Data Transaction Token (XD), Litecoin (LTC), GreenPower (GRN), TetherUS (USDT), and Cardano (ADA).

The CoinFalcon Advanced View platform also offers the following pairs to trade:

  • ADA-BTC
  • ADA-ETH
  • BCH-BTC
  • BTC-EURO
  • BTC-USDT
  • DOGE-BTC
  • ECA-BTC
  • ECA-ETH
  • EOS-USDT
  • ETH-BTC
  • GRN-BTC
  • GRN-ETH
  • GRN-EURO
  • IOT-BTC
  • IOT-EURO
  • TRX-BTC
  • XD-BTC
  • XD-USDT
  • XRP-BTC

The exchange charges commission according to volume-based maker-taker fee schedule.

Fiat Currencies and Payment Methods[edit]

CoinFalcon claims to provide the best experience of buying Bitcoin[3] and other cryptocurrencies using fiat currencies like Euro (€). This assertion is based on the exchange’s ideal conditions for quick and successful processing of card payments, the wide range of acceptable payment instruments, and numerous positive feedbacks from users. Verifications are also simple and fast with an average verification time of 3 minutes.

Deposit and withdrawal options:

  • Credit/Debit card
  • Wire transfer
  • SEPA transfer
  • Cryptocurrencies

Security[edit]

CoinFalcon is registered as a Money Services Business (MSB)[4] pursuant to the Bank Secrecy Act (BSA) as administered by the Financial Crimes Enforcement Network (FinCEN). The FinCEN stores financial transactions data; analyzes and disseminates that data to comply with law enforcement requirements, and builds global cooperation with counterpart organizations in other countries and with international bodies.

CoinFalcon stores 98% of digital funds in an offline, secure wallet, while the rest is protected by high-grade online security systems. Users can secure their accounts with passwords, but are strongly recommended to use Two-Factor Authentication (2FA). The company also stays in full compliance with the Payment Card Industry Data Security Standard (PCI DSS) security measures. In addition, card credentials are not saved on their server. This adds an additional blanket security layer to a user’s card transactions.

API[edit]

CoinFalcon application programming interface (API) allows users to access and control their account using custom software. Trade API is limited to 5 requests per second[5]. Apart from Trade API, CoinFalcon offers WebSocket API with pusher technology, which allows users to subscribe to certain exchange updates. This subscription allows them to receive real-time notifications about system changes without sending extra requests to get the required information.

CoinFalcon App[edit]

Users can trade on the go and stay up to date on the latest price movements in the crypto markets by downloading the CoinFalcon App on their mobile devices. The app is available for download on both Google Play and the IOS App Store.

Referral Program[edit]

Within the CoinFalcon Referral Program, users and their referrals both earn €10, provided the referee spends more than €200 within 180 days. CoinFalcon offers promotional tools, statistics and instant withdrawals of Referral Program rewards.

External links[edit]

References[edit]

  1. Introducing CoinFalcon 2.0
  2. Know Latest ETH Price and Buy Ethereum - CoinFalcon
  3. How to Buy Bitcoin - CoinFalcon
  4. MSB Registration Status Information
  5. CoinFalcon API Documentation