A Legacy Built for Security
Coinfloor launched in London back in 2013, aiming to be the world’s most reputable bitcoin exchange. From day one they locked all BTC in multi-signature cold storage, went public with monthly solvency audits, and built a reputation around trust.
They registered as a bureau-de-change with HMRC - not as an FCA exchange - because Bitcoin wasn’t classified as money yet. That shows they played it safe while still delivering bitcoin-fiat service.
What You Actually Get
Coinfloor focuses mostly on Bitcoin and Bitcoin Cash against major fiat - GBP, EUR, USD, even PLN. They don’t chase new altcoins. The exchange is tight and simple: trade spot, or go OTC if you need volume. They offer bank transfers, SEPA, SWIFT, even Lightning deposits.
Fee tiers depend on your 30-day volume - starting roughly at 0.3 percent and dropping to 0.1 percent for big traders. Deposit fees are minimal: free for BTC/BCH, then about £5–€10 for fiat. Withdrawals are a few pounds or cents depending on currency.
If you're UK-based or SEPA-ready, you can convert fiat to BTC at transparent and stable rates, backed by solid liquidity. You can also reach out to your account manager, which is handy for OTC trading or bigger blocks.
Liquidity and Volume - Modest but Real
Most trackers don’t feature Coinfloor. But some sources show daily USD volume around $2.1 million. That fits with bank-transfer and OTC focus rather than app crowd.
In its early days Coinfloor saw about 1,130 BTC/day and 1 million pounds/month in 2014. Those numbers have come down as users disperse to bigger exchanges, but it retains loyal activity among UK-oriented traders.
Security and Trustworthiness
This is where Coinfloor shines. From 2014 they were the first to publish monthly proof-of-solvency using blockchain. They store all crypto in 100 percent multi-sig cold wallets with vault-level protection. No major hacks or losses on record.
They require full KYC, enforce 2FA, and flag suspicious login or trading patterns. Their platform even streams domain-stability and transparency metrics. Some rating sites score them lower on user reviews but high for technical reliability.
User Feedback - Mixed but Mostly Positive on Security
Some platforms show a 4.5/5 rating from users who appreciate Coinfloor as a wallet + exchange for moving between currencies. But others tell a different story - some barely sit at 2.2/5 based on 160+ reviews. Complaints include withdrawal delays and account issues, while loyal users praise stability.
Some users mention frozen funds or slow support. Still, Coinfloor remains one of the most trusted platforms for GBP/BTC trades and OTC operations.
Pros and Cons
- Pros:
- 10+ years of secure, hack-free operation
- Proof-of-solvency transparency each month
- HMRC trust via bureau-de-change status
- Low slippage and reliable liquidity for major pairs
- OTC access and personal account managers
- Support for Lightning, SWIFT, SEPA
- Cons:
- Very limited coin selection (only BTC, BCH)
- No margin, derivatives, or high-speed mobile app
- Regulatory clarity lacking compared to FCA-regulated platforms
- Mixed user reviews on withdrawals and support
- High minimums for some fiat operations
Who Should Use It
Coinfloor is a perfect match for UK residents or SEPA users prioritizing security over buzz. It’s ideal for people who want deep bitcoin-gbp/eur liquidity, OTC trades, or block transfers - without chasing altcoins or leverage.
It’s not for speculators aiming for exotic tokens or margin traders. Nor is it for global users who need a wide asset offering or instant mobile access.
Final Verdict
In a crypto landscape full of risk, Coinfloor remains a calm harbor. It’s not flashy, but it works. The platform offers foundational trust - cold storage, monthly audits, account managers. If your focus is safe, clear, fiat-to-bitcoin trades in the UK or Europe, Coinfloor delivers.
Its slow pace and limited scope are intentional. This isn’t about hype - it’s about stability. It won’t win awards for innovation, but it still stands out for reliability. If that matters more than tokens or trading bells, Coinfloor is worth your time.