Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
Coinfloor says the follow a 100% cold storage policy which, if true, makes Coinfloor one of the most secure exchanges out there. There has also been no reports of any hacks. Coinfloor, like most exchanges, also offers you to set up two-factor-authentication to ensure a higher security for your account.
One of the great thing about Coinfloor is that it charges a 0% trading fee. That’s right! No trading fee. However, Coinfloor does charge for things like deposit and withdrawal fees. So if you’re a day trader, this might be a great exchange for you to look into.
Coinfloor allows you to buy and trade Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, and Litecoin using primarily the pound sterling.
Ease of Use
Coinfloor seems to have a decent user-friendly interface that shouldn’t take you too long to figure out how to use. The only negative that we could find was that it can be difficult to get verified on the site. Because of this, it could take quite some time to get everything set up before you can start purchasing and making trades.
Overall Coinfloor seems like average exchange. The biggest upside is there are no trading fees. This allows you to make day trades so you can try to maximize your earning each day. The downside is you are limited to the coins that they offer. Other than that, Coinfloor might be a great fit for you if you use the pound.