Coinfloor is a London UK, based cryptocurrency exchange that was founded in 2012. It offers 8 trading pairs, all of which are crypto/fiat. Coinfloor finds itself at number 21 on BlockExplorer’s list of the top 25 cryptocurrency exchanges of 2017.

Coinfloor is a good choice for any UK based trader looking to trade in some of the more well-known cryptocurrencies. Specifically, Coinfloor provides trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, and Litecoin. Coinfloor’s markets seem active, with XBT/EUR being the most active trading pair.


coinfloor cryptoURL:
Launched: 2012
Trading pairs: 8
Deposit Fees: Yes, for fiat
Withdrawal Fees: Yes, for all
Trading fees: Yes
Verification: Yes, one level
Margin Trading: No


Registration on Coinfloor is broken up into three steps. Step one requires just an email address and password. Once you have completed step one, you must confirm your email via a link before proceeding to step two. Step two requires you to configure two-factor authentication, and step three requires you to go through Coinfloor’s verification system.


Coinfloor has a single verification level that is required to trade on the platform. Getting verified is a two-step process that requires a picture of your ID, your full name, your country of residence (including postal code). According to Coinfloor, the verification process should take about a minute for pre-verification in most cases.


Coinfloor’s trading fee system is broken up into three levels where each level is based on the amount you have traded over the past 30 days. On the low-end, the trading fee is 0.30% of your trading and applies for traders with less than $500,000 USD traded over 30 days. For mid-range, the fee is 0.20%, which applies for traders that have traded between $500,000 USD and $1,000,000 USD over the past 30 days. And on the high-end, for more than $1,000,000 USD traded, the fee applied is 0.10%.

Deposit and withdrawal wise, for cryptocurrencies, there is no deposit fee and there is a small withdrawal fee of 0.0050 of that currency, with a minimum deposit of 0.05 and a minimum withdrawal of 0.0005. Fiat wise, the fees are set per currency and can be seen on Coinfloor’s fee page. Minimum deposit and withdrawal for fiat are 5,000 and 2,000 respectively for every fiat currency that Coinfloor accepts.


Coinfloor’s trading interface leaves a bit to be desired, the entire site is built on a white and blue theme, with the occasional green accent. And unfortunately, there is no dark mode available, making late night trading sessions heavy on the eyes. The main trading interface has a market depth chart, but no other charts are offered. Below the chart on the left is an order book, with your personal orders filtered to the right. Directly to the right of the chart is an order submission form. And on top is a trading pair selection drop-down.


While Coinfloor does enforce 2FA, there are unfortunately only two supported 2FA methods, and Google Authenticator isn’t one of them. The two choices you do have are Authy and YubiKey, with YubiKey being the star of the two, as it’s a hardware-based second factor. Otherwise, Coinfloor will email you on every login to your account.

On the corporate side, Coinfloor states that it maintains all of its client’s currency in multi-signature cold wallets. Also stated is that its entire system is regularly tested by penetration testers, though it does not state exactly who, aside from ‘a highly regarded penetration testing firm’.

Theresa May on crypto crime

Jan. 25, 2018, U.K. Prime Minister Theresa May discusses the need to “seriously” look at Bitcoin and other virtual currencies due to their potential for use in crime during an interview with Bloomberg’s Editor-in-Chief John Micklethwait. During their conversation in Davos, Switzerland, May talks about the importance of continuing the fight against online crime and her concerns regarding the use of cryptocurrencies and other technologies for elicit and illegal purposes.

May on Crypto, Crime and Tech

After May expresses her desire to see more progress in terms of social responsibility in the tech world, specifically mentioning online child pornography and terrorist activities, Micklethwait asks her if she sees digital currency as an area where she “ought to try to clamp down, too?” May replies that she sees the realm of cryptocurrencies as “increasingly developing” and says, “Cryptocurrencies like Bitcoin, we should be looking at these very seriously, precisely because of the way they can be used, particularly by criminals.”

She also says that she feels progress has been made overall in the realms of online social responsibility but calls for more to be accomplished, so that “people can look at the internet and know that it is a force for good.” She says she is positive about tech companies’ abilities to change lives for the better and feels that the UK is already a leader in realms such as AI, electric vehicles and battery technology. “We are already an attractive place for businesses to come and set up,” she adds.

Recent UK Crypto Regulations

In December 2017, the UK and other EU governments committed to increase the regulation of virtual currencies as a means of deterring their use to launder money or fund international crime and terrorism. Established counterterrorism and anti-money laundering finance rules will now be applied to cryptocurrencies and are expected to be made into law by participating countries within 18 months.