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Title: Coinfloor UK Post by: practicaldreamer on March 27, 2014, 05:09:55 PM Coinfloor is going live today - though I personally am having problems loading their homepage - must be the demand I suppose.
Its registered with HMRC as a Bureau de Change. Sounds good. Whats the general feeling about this new UK based exchange ? Title: Re: Coinfloor UK Post by: railzand on March 27, 2014, 05:21:56 PM https://bitcointalk.org/index.php?topic=537545.0
There's a bit of a thread. tl;dr proceed with extreme caution. treat as hostile Title: Re: Coinfloor UK Post by: mr smith on March 27, 2014, 05:29:13 PM Think i will give this one a miss. Sounds shady at best, an exchange would need to be registered with the FSA.
Title: Re: Coinfloor UK Post by: meanig on March 27, 2014, 05:32:11 PM If they're registered as a Bureau de Change it sounds more like a Coinbase sort of business than a proper trading exchange.
Title: Re: Coinfloor UK Post by: jbreher on March 27, 2014, 06:06:39 PM Isn't Coinfloor the biz that Nefario is involved in? If so, I'd not go anywhere near it. Nefario's shady dealings in the shutdown of GLBSE cost bitcoiners $Millions.
If this is some other biz, I apologize in advance. Title: Re: Coinfloor UK Post by: malevolent on March 27, 2014, 07:13:50 PM Isn't Coinfloor the biz that Nefario is involved in? Yes. Note how they conveniently hid him under "The Team" label. https://web.archive.org/web/20140221001405/http://coinfloor.co.uk/team.html and https://www.coinfloor.co.uk/team edit: https://www.coinfloor.co.uk/about-us Title: Re: Coinfloor UK Post by: Brandon_Cryptonit on March 28, 2014, 12:30:23 PM I have noticed one more strange thing
On their site they claim that company registration number is 08493818 The company that is registered under this number is "COINFLOOR LIMITED" proof screeshot http://gyazo.com/a74370f84fa87eec4d879b9c9939dc83 HMRC reg number they claim is 12713897, but on HMRC you will find another company "Coin Floor" with another address under this number... prooflink http://gyazo.com/d19183dc02a7d50308d0057f822249c1 that simply means Coinfloor LTD has not been registered at HMRC as "Bureau de change". Both registries are public so I have just confronted the data from both of them and the data from their AboutUS page. thus, what they claim is not true. think yourself Title: Re: Coinfloor UK Post by: il--ya on March 28, 2014, 12:41:12 PM I have noticed one more strange thing On their site they claim that company registration number is 08493818 The company that is registered under this number is "COINFLOOR LIMITED" proof screeshot http://gyazo.com/a74370f84fa87eec4d879b9c9939dc83 HMRC reg number they claim is 12713897, but on HMRC you will find another company "Coin Floor" with another address under this number... prooflink http://gyazo.com/d19183dc02a7d50308d0057f822249c1 that simply means Coinfloor LTD has not been registered at HMRC as "Bureau de change". Both registries are public so I have just confronted the data from both of them and the data from their AboutUS page. thus, what they claim is not true. think yourself I think you misunderstood a few things here. Firstly, HMRC doesn't have publicly accessible companies register. You are talking about Companies House, http://wck2.companieshouse.gov.uk//companysearch. Here is what they've got in their register: Name & Registered Office: COINFLOOR LIMITED C/O BUCKWORTH SOLICITORS 200 ALDERSGATE, LONDON, ENGLAND, EC1A 4HD Company No. 08493818 Previous Names: Date of change 29/05/2013 Previous Name COIN FLOOR LTD Secondly, there is no company registered under number 12713897, which you mentioned. This is an HMRC certificate number which coinfloor do mention (https://www.coinfloor.co.uk/team) on their site: Quote Coinfloor is a company registered in England and Wales registration number 08493818. We are a registered Bureau de Change. Her Majesty's Revenue and Customs certificate number 12713897. Our company is registered at 200 Aldergate C/O Buckworth Solicitors EC1A 4HD London, United Kingdom. I guess this is a certificate of money service business (http://www.hmrc.gov.uk/mlr/msbregister.htm) registration. However I couldn't find them in the publicly accessible register neither here (http://www.oft.gov.uk/OFTwork/aml/amlsearch/) (the service cease on 31 of March 2013) nor here (https://customs.hmrc.gov.uk/msbregister/checkTerms.do). Could be just a malfunctioning HMRC service. Title: Re: Coinfloor UK Post by: Brandon_Cryptonit on March 28, 2014, 12:57:50 PM My first piece of text is related to Companies House registry, you are right.
Quote HMRC doesn't have publicly accessible companies register... go here https://customs.hmrc.gov.uk/msbregister/search.do?type=newSearch...However I couldn't find them in the publicly accessible register neither here (the service cease on 31 of March 2013) nor here. then in "Money Laundering Regulations registration number" field enter 12713897 (I took it from their site, you quoted it as well) in Postcode type EC1N 8SB click search then you will see a record but for another spelled company "Coin floor" (with a space, not Coinfloor) and with another address. my screenshots from the previous post show it clearly Title: Re: Coinfloor UK Post by: il--ya on March 28, 2014, 01:09:51 PM My first piece of text is related to Companies House registry, you are right. Quote HMRC doesn't have publicly accessible companies register... go here https://customs.hmrc.gov.uk/msbregister/search.do?type=newSearch...However I couldn't find them in the publicly accessible register neither here (the service cease on 31 of March 2013) nor here. then in "Money Laundering Regulations registration number" field enter 12713897 (I took it from their site, you quoted it as well) in Postcode type EC1N 8SB click search then you will see a record but for another spelled company "Coin floor" (with a space, not Coinfloor) and with another address. my screenshots from the previous post show it clearly HMRC service doesn't work for me, don't know why. But if you were able to find HMRC money service registration, this just proves that they do have a valid certificate. They registered with HMRC at the same time as they changed their name, hence HMRC shows the old name. HMRC website says (from your screenshot) Date registered: 01/06/2013 Companies house website says: Date of change 29/05/2013 Previous Name COIN FLOOR LTD Probably they filed for both name change and money service certificate simultaneously. "Trading address" for the bureau de exchange doesn't have to be the same as a company registration address. Company number and money service certificate number are different things altogether. Nothing shady here. Title: Re: Coinfloor UK Post by: Brandon_Cryptonit on March 28, 2014, 01:20:49 PM Quote They registered with HMRC before they changed their name, hence HMRC shows the old name. maybe you are right.I just was confused to see different company names and addreses. Common sense says that there are no problems here but from the legal point of view that HMRC certificate is not valid for the company mentioned on the site. Talking about money (customer's money) I prefer to have everything in order :) Title: Re: Coinfloor UK Post by: jbreher on March 29, 2014, 02:25:27 AM Isn't Coinfloor the biz that Nefario is involved in? Yes. Note how they conveniently hid him under "The Team" label. https://web.archive.org/web/20140221001405/http://coinfloor.co.uk/team.html and https://www.coinfloor.co.uk/team In that case, please indulge me as I copy what I posted in another thread: Quote from: jbreher Nefario -- with malice of forethought -- shut GLBSE down in a manner guaranteed to cause many or most of the exchange's users to lose money. He deliberately chose to not send asset owner data to each and every asset issuer. He deliberately chose not to allow asset holders, nor asset issuers access to even a snapshot of the final balances of their accounts. I could go on (and on and on) as to how the shutdown was maximally bungled. The bottom line is that he deliberately chose to cause his users to lose $millions. If that's the kind of person you wish to entrust with your funds, I have no response. Title: Re: Coinfloor UK Post by: grifferz on April 01, 2014, 08:56:17 AM Disappointed to note that Coinfloor uses a Polish bank, says deposits will take "1-5 days" and will cost £5.
If that is the case then I fail to see the point of this exchange for UK residents, aside from the worrying Nefario connection. In the UK we can already send EUR to Kraken or Bitstamp's banks; with Kraken that usually takes 1 working day and is free to deposit (your bank may charge for SEPA transaction though). Both Kraken and Bitstamp have a UK postal address (not that this would be any use if they shut down tomorrow) same as Coinfloor. So, what is the point of Coinfloor when it appears to be in every way inferior to Kraken and Bitstamp? Title: Re: Coinfloor UK Post by: railzand on April 01, 2014, 09:03:51 AM the point is to steal the money
Title: Re: Coinfloor UK Post by: gentlemand on April 01, 2014, 10:50:48 PM The main thing that counts with an exchange claiming to be in the UK is a Uk bank account so you can deposit within minutes.
This isn't it. There are safer, more established and way cheaper options in Europe. I dunno why they're wasting their and everyone else's time. Title: Re: Coinfloor UK Post by: wedgy2k on April 06, 2014, 08:56:57 AM Disappointed to note that Coinfloor uses a Polish bank, says deposits will take "1-5 days" and will cost £5. If that is the case then I fail to see the point of this exchange for UK residents, aside from the worrying Nefario connection. In the UK we can already send EUR to Kraken or Bitstamp's banks; with Kraken that usually takes 1 working day and is free to deposit (your bank may charge for SEPA transaction though). Both Kraken and Bitstamp have a UK postal address (not that this would be any use if they shut down tomorrow) same as Coinfloor. So, what is the point of Coinfloor when it appears to be in every way inferior to Kraken and Bitstamp? £5 deposit for them + the £22 Natwest want to charge me for sending cash abroad (Polish Account) The new GBP payment Bank for OKPAY (To get cash into BTC-e) is czech republic so again a £22 fee. (OKPAY used to be my favoured method for getting cash in) As stated in previous posts I would prefer a UK bank that accepts faster pay TX with no ridiculous fees Title: Re: Coinfloor UK Post by: grifferz on April 06, 2014, 03:09:37 PM £5 deposit for them + the £22 Natwest want to charge me for sending cash abroad (Polish Account) You are being absolutely ripped off by Natwest there as well though. Co-Op / Smile for example charge £8 for a SEPA transfer, and some banks charge £1 or nothing (don't know which ones). Even £8 is robbery really as SEPA has been around for ages and I doubt it is any harder for them to do than BACS within UK is.The new GBP payment Bank for OKPAY (To get cash into BTC-e) is czech republic so again a £22 fee. (OKPAY used to be my favoured method for getting cash in) As stated in previous posts I would prefer a UK bank that accepts faster pay TX with no ridiculous fees I agree with you about the Faster Payments thing and could not believe Coinfloor would even bother opening without having that to a UK bank. Title: Re: Coinfloor UK Post by: wedgy2k on April 06, 2014, 03:43:25 PM You are being absolutely ripped off by Natwest Yes I (we) are >:(I don't think GBP out of the UK is done via SEPA Natwest see this as an international wire transfer and charge £22 I think SEPA only applies to Euro's € (but I may be wrong) Euros to Bitstamp go via SEPA (£10 fee lol) but the exchange rate is a ripoff € 1.18 Natwest Rate instead of the € 1.2 I can get everywhere else Its a shame that Transferwise and Currencyfair were warned off by their banking partners I used to get a good Exchange rate and only a €3 fee to send. There has got be another way around this especially as BTC-e are now trading GBP too. Title: Re: Coinfloor UK Post by: malevolent on April 06, 2014, 03:55:51 PM I don't think GBP out of the UK is done via SEPA I think SEPA only applies to Euro's € (but I may be wrong) Yup, SEPA is only for transfers denominated in EUR. Title: Re: Coinfloor UK Post by: yenom on April 16, 2014, 06:41:03 PM I opened an account with them but I am not sure whether I want to send my money to Poland via international wire. I really am put off by that. I had a look on the coinfloor site and they do say this:
Quote To add currency to your Coinfloor account, please find our account details in the "Deposit" tab and transfer the intended amount via bank transfer. Depended on your bank, this can take up to 5 working days. We are currently looking to expand our British Pound deposit options. Maybe they will add a UK bank this year? Title: Re: Coinfloor UK Post by: railzand on April 16, 2014, 07:34:48 PM Periodic reminder that Coinfloor is run by a scammer.
Title: Re: Coinfloor UK Post by: grifferz on April 16, 2014, 07:49:02 PM I opened an account with them but I am not sure whether I want to send my money to Poland via international wire. May I ask why you opened an account with Coinfloor? I opened one expecting them to have a UK bank, but when I saw that they did not, that SEPA transfers are still necessary, and that they charge for them on top of that, I could no longer see the point in them compared to more established exchanges like Bitstamp and Kraken. Do you see any advantage that Coinfloor has over these other exchanges? Title: Re: Coinfloor UK Post by: Gator-hex on April 17, 2014, 01:15:12 AM No UK bank wants to deal with Bitcoin.
Many have tried to setup exchanges in the UK and their banks accounts are promptly shut down. It does not surprise me in the least to see them use a bank account outside the UK. Bitstamp is in Slovenia, and Kraken is a German bank. Title: Re: Coinfloor UK Post by: grifferz on April 17, 2014, 01:40:26 AM No UK bank wants to deal with Bitcoin. Many have tried to setup exchanges in the UK and their banks accounts are promptly shut down. That seems to be the story now. Though some say it is because no one has yet been professional enough about it. I don't know which to believe, myself. It does not surprise me in the least to see them use a bank account outside the UK. What surprises me is that they bothered starting up at all without a UK bank. Right now, SEPA transfers to Kraken happen same day for me, and last time I used Bitstamp it was only a day or two more. Are they really just relying on UK people knowing no better, or is there some actual benefit that I have missed? Title: Re: Coinfloor UK Post by: jbreher on April 17, 2014, 01:51:55 AM What surprises me is that they bothered starting up at all with... ... the person behind the GLBSE fiasco, whose deliberate actions cost bitcoiners $millions, as part of the team. Quote Are they really just relying on UK people knowing no better That's my guess. Looks as if they're already reeling in the gullible and overly-trusting. Title: Re: Coinfloor UK Post by: Gator-hex on April 17, 2014, 02:01:07 AM No UK bank wants to deal with Bitcoin. Many have tried to setup exchanges in the UK and their banks accounts are promptly shut down. That seems to be the story now. Though some say it is because no one has yet been professional enough about it. I don't know which to believe, myself. Bitcoin is all about bank-less exchange, it threatens every business model they have, so they are not going to support their own extinction. Plus some have mobile phone currency payment systems already, I assume Barclays would prefer people use their own Pingit mobile payment system. Pingit = https://www.youtube.com/watch?v=dFgRm2ijqAM Title: Re: Coinfloor UK Post by: yenom on April 17, 2014, 06:48:01 AM May I ask why you opened an account with Coinfloor? Because they seem to be the first "UK exchange" that is trying to do things legit. Seems I have misjudged. Thanks for the heads-up. I will be asking them how long they will retain my personal information under the Data Protection Act. Can I formally request that they delete it? Is their any obligation by them under UK law to do that? Of course, I have no way to know if they actually will. Grrr. >:( Title: Re: Coinfloor UK Post by: cozytrade on April 17, 2014, 04:36:39 PM As everyone mentioned, I still don't see why they are claiming UK exchange and GBP based trading. As far as deposit method is limited to SWIFT GBP, it is completely absorbed by UK, Polish bank and SWIFT network fee. Also, some banks don't accept SWIFT transfer of GBP to a Polish bank, in that case it need to convert from USD with expensive fee. It is definitely better to have EUR with SEPA :-[
Title: Re: Coinfloor UK Post by: yenom on April 22, 2014, 10:22:28 AM As everyone mentioned, I still don't see why they are claiming UK exchange and GBP based trading. As far as deposit method is limited to SWIFT GBP, it is completely absorbed by UK, Polish bank and SWIFT network fee. Also, some banks don't accept SWIFT transfer of GBP to a Polish bank, in that case it need to convert from USD with expensive fee. It is definitely better to have EUR with SEPA :-[ Yes, I have decided not to use them, and will continue with LocalBitcoins. I'm not a bitcoin trader, just a steady passive accumulator at this point in time. Title: Re: Coinfloor UK Post by: MrWDunne on April 22, 2014, 10:31:49 AM No UK bank wants to deal with Bitcoin. Many have tried to setup exchanges in the UK and their banks accounts are promptly shut down. That seems to be the story now. Though some say it is because no one has yet been professional enough about it. I don't know which to believe, myself. Bitcoin is all about bank-less exchange, it threatens every business model they have, so they are not going to support their own extinction. Plus some have mobile phone currency payment systems already, I assume Barclays would prefer people use their own Pingit mobile payment system. Pingit = https://www.youtube.com/watch?v=dFgRm2ijqAM Its not impossible to get bank accounts. And its not that people are not professional enough, unless you have someone on the inside their compliance teams have been instructed to not touch you with a 12 foot pole. This is not just the case with bitcoin businesses but things like small payday loans companies, remittance services etc. If you have someone on the inside however... that is a different business. Title: Re: Coinfloor UK Post by: MrWDunne on April 22, 2014, 10:32:57 AM Think i will give this one a miss. Sounds shady at best, an exchange would need to be registered with the FSA. Its FCA in the UK, but no, they don't.Title: Re: Coinfloor UK Post by: grifferz on April 23, 2014, 03:18:54 AM If you have someone on the inside however... that is a different business. So which UK bank is your exchange working with, and will your inside person consider assisting other Bitcoin-based businesses? Title: Re: Coinfloor UK Post by: MrWDunne on April 23, 2014, 03:32:04 PM If you have someone on the inside however... that is a different business. So which UK bank is your exchange working with, and will your inside person consider assisting other Bitcoin-based businesses? Possibly, depends very much on the type. From what I heard they will not be taking on any more exchange services however thats not to say no bitcoin businesses. If you want help you can PM me but I can't guarantee anything. Title: Re: Coinfloor UK Post by: funsponge on April 24, 2014, 10:15:35 PM I used Coinfloor for the first time today having always used Bitstamp and have to say im disappointed. I purchased 3 bitcoins. Once I had the funds in my account I wanted to move them to cryptsy, so I could buy some altcoins so went to withdraw them at 1pm. Its now 11:34pm and they havent appeared in my cryptsy wallet. This is really not acceptable and and would not recommend using them.
Title: Re: Coinfloor UK Post by: jbreher on April 25, 2014, 01:12:28 AM I used Coinfloor for the first time today having always used Bitstamp and have to say im disappointed. Ummm ... Duh? Tried to warn all y'all about dealing with a known scammer, but you thought... U.. What, exactly? Title: Re: Coinfloor UK Post by: yenom on April 30, 2014, 08:08:39 AM I used Coinfloor for the first time today having always used Bitstamp and have to say im disappointed. I purchased 3 bitcoins. Once I had the funds in my account I wanted to move them to cryptsy, so I could buy some altcoins so went to withdraw them at 1pm. Its now 11:34pm and they havent appeared in my cryptsy wallet. This is really not acceptable and and would not recommend using them. Yes they were very slow when I moved my bitcoin out. When buying bitcoin with Localbitcoins, I get my coins out within 15 minutes, but with Coinfloor it took over five hours. I thought to myself, perhaps they have some security processes in place which takes the time, but that could be automated. So I agree, they have a lot more work to do to make it attractive. I will not be using them until the service improves a lot:
Title: Re: Coinfloor UK Post by: jayc89 on June 23, 2014, 02:51:15 PM I came across CoinFloor and was tempted by their "UK roots", having looked further into it I discovered they use a foreign bank account (which is what led me back to this thread). Needless to say, I will be staying with BitStamp\BTC-e. Shame.
Title: Re: Coinfloor UK Post by: bangersdad on June 30, 2014, 12:37:26 PM Coinfloor is now accepting UK fast payments deposit - thru their UK bank The Royal Bank of Scotland.
trading is 0% fees currently. Title: Re: Coinfloor UK Post by: gentlemand on June 30, 2014, 12:38:41 PM Coinfloor is now accepting UK fast payments deposit - thru their UK bank The Royal Bank of Scotland. trading is 0% fees currently. Jolly good. They must've realised that was their main reason for existing. Title: Re: Coinfloor UK Post by: wedgy2k on June 30, 2014, 06:02:45 PM Quote Key Highlights You can now deposit funds with Coinfloor from UK via local bank transfer (Faster Payments) for free. We will process deposits daily at 2 PM on business days. Faster Payments will usually credit in your account the same day but may take up to 24 hours. All you need to do is copy the new UK bank details including your new reference code from Coinfloor's Deposit page. Minimum deposit amount for the Capital Account is £500. Deposits below £500 can be made to our PKO account in Poland. Withdrawals will still be sent out from PKO while we transition over to the new setup. I'd be excited if there was no scammer tag........ Title: Re: Coinfloor UK Post by: jbreher on June 30, 2014, 08:35:18 PM I'd be excited if there was no scammer tag........ Funny how the scammer reputation of the company's principals taints the company itself. Oh wait - actually that makes sense. _Still_ waiting for Nefario to disclose my holdings to each issuer. Well, not waiting exactly - I long ago concluded that he is unconcerned about the fact that his actions cost me dearly. And people are thinking about trusting him with their hard-earned funds? Fools, money, and hastened losses... Title: Re: Coinfloor UK Post by: ikilled on July 03, 2014, 11:05:54 PM hey guys, Coinfloor advertises/advertised that they are "provably solvent":
http://blog.coinfloor.co.uk/post/82980052547/coinfloors-first-provable-solvency-report http://blog.coinfloor.co.uk/post/89187240631/provable-solvency-report-3-june-2014 What do you think about this? Anybody analised this in detail? When I try to download their old solvency check file from their blog: https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20140416.txt (https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20140416.txt) .. I get an AccessDenied xml file! Their blog doesn't have any comments enabled, they seem to have one-way communication. Did any of you lately successfully deposited:
Do you think is safe to use Coinfloor just for few days - just to convert my GBP to BTC in the cheapest and fastest way? I want to use it as they now have a real UK (which is fast) and no fees for deposit and no fees for trading! Also, I don't loose money while exchanging from GBP to EUR and/or USD. PS: What i get when trying to download https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20140416.txt Code: <Error> Title: Re: Coinfloor UK Post by: railzand on July 04, 2014, 06:20:13 AM ??? Please don't encourage or condone the scammers. :(
Title: Re: Coinfloor UK Post by: islandczar on July 12, 2014, 11:14:21 AM hey guys, Coinfloor advertises/advertised that they are "provably solvent": http://blog.coinfloor.co.uk/post/82980052547/coinfloors-first-provable-solvency-report http://blog.coinfloor.co.uk/post/89187240631/provable-solvency-report-3-june-2014 What do you think about this? Anybody analised this in detail? When I try to download their old solvency check file from their blog: https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20140416.txt (https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20140416.txt) .. I get an AccessDenied xml file! Their blog doesn't have any comments enabled, they seem to have one-way communication. Did any of you lately successfully deposited:
Do you think is safe to use Coinfloor just for few days - just to convert my GBP to BTC in the cheapest and fastest way? I want to use it as they now have a real UK (which is fast) and no fees for deposit and no fees for trading! Also, I don't loose money while exchanging from GBP to EUR and/or USD. PS: What i get when trying to download https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20140416.txt Code: <Error> Could try coincorner.com who also have UK banking... Title: Re: Coinfloor UK Post by: practicaldreamer on July 12, 2014, 04:57:09 PM I'm not going to question peoples regrettable past experience with this "nefario" character - but Coinfloor is starting to look like the real deal to me. They not only have a (major) UK bank on board, but they have just appointed Adam Knight (http://www.coindesk.com/coinfloor-boosts-team-ex-goldman-sachs-exec/) as Executive Chairman. Some of his past experience/credentials are listed here (https://www.linkedin.com/pub/adam-knight/43/b22/61a).
I opened an account with Coinfloor when they started up - and then didn't use it. I may now start - my trust being put in much more than just one man. Title: Re: Coinfloor UK Post by: john11johng on August 06, 2014, 09:07:10 PM If any of you guys have accounts here, like me could you test out my trading app I developed for coinfloor?
If you don't want to sign in, tho perfectly safe. It allows for easy access to current Ticker data and Orderbook. https://play.google.com/store/apps/details?id=uk.jgriffsta.bitcoinconnect (https://play.google.com/store/apps/details?id=uk.jgriffsta.bitcoinconnect) If you do use the app could you leave some feedback, my first App I spend a significant amount of time making. (Still learning!) Title: Re: Coinfloor UK Post by: RockHound on August 06, 2014, 11:42:12 PM I'm not going to question peoples regrettable past experience with this "nefario" character - but Coinfloor is starting to look like the real deal to me. They not only have a (major) UK bank on board, but they have just appointed Adam Knight (http://www.coindesk.com/coinfloor-boosts-team-ex-goldman-sachs-exec/) as Executive Chairman. Some of his past experience/credentials are listed here (https://www.linkedin.com/pub/adam-knight/43/b22/61a). I opened an account with Coinfloor when they started up - and then didn't use it. I may now start - my trust being put in much more than just one man. Same here bro - I have contacted Co-founder/Coinfloor Support team - they always respond in a timely manner and they also share our concerns regarding liquidity, security, stability, etc - compared to the other major European Exchanges. It's still early days and I'm sure they will continually evolve the site, it's the only way to remain competitive! They definitely need to implement automated BTC withdrawals (cheers btw to funsponge for testing!) I did pick up on that, manually processing withdrawals 1-3times/day is inadequate. They could follow the Bitstamp model and just manually process "Large" BTC withdrawals. Great to see their margin over Bstamp has decreased significantly over the past week (+7% to +1%), although Daily trading Volume still very low <50BTC/day, that said it is growing and gotta respect them for that. Definitely one for UK Bitcoiners to keep on radar Affiliate banking partner; Lloyds Group, "Capital Account" Title: Re: Coinfloor UK Post by: supert on August 16, 2014, 10:17:07 PM Am I right in thinking that the fee that coinfloor charges to do faster payments means you'd be just as well off doing a bitstamp wire?
Title: Re: Coinfloor UK Post by: Otoh on September 02, 2014, 11:32:22 AM I'm going to send them my first GBP deposit and try them out, BitStamp have been making me a bit nervous recently.
They notified me that it's been credited, approx four hours from being sent, I wasn't expecting it until tomorrow morning as it was sent after their midday cut off time for a same day credit, so all very good there, now placed some bids. Edit: Bids filled and I requested a BTC withdrawal which was processed the next morning so looks like no hot wallet which is a good thing imo, price and fees were fine - I shall be using them again. Title: Re: Coinfloor UK Post by: Otoh on September 02, 2014, 05:08:35 PM Am I right in thinking that the fee that coinfloor charges to do faster payments means you'd be just as well off doing a bitstamp wire? Nope, no fees so long as you send 500 GBP plus, which is their minimum in any case: https://www.coinfloor.co.uk/deposit Title: Re: Coinfloor UK Post by: Otoh on September 10, 2014, 03:19:43 PM My second CoinFloor GBP deposit, BTC purchase & withdrawal yesterday, again all went very smoothly.
Also today they announced: New Deposit Options We have received strong feedback regarding our minimum Sterling deposit amount of £500 for Faster Payments, which prevented new users from making small "test deposits" to Capital Account. We are glad that our customers are cautious with their money and want their exchanges to prove trustworthiness before engaging with them on a more day-to-day basis. Today we are removing the £500 minimum amount, to accept "test deposits" and support this approach. All deposits of £500 and above remain free from charge. For deposits below £500 we are instituting a £10 processing fee which is incurred by us and our treasury services provider for processing smaller payments. For deposits of £500 and above we will continue to cover the processing costs for our customers. Title: Re: Coinfloor UK Post by: Otoh on September 17, 2014, 12:51:45 PM Their UK bank 'Capital Account' have stopped all Bitcoin business, so no more UK Faster Payments :'(
Customers are still able to deposit via Faster Payments until next Wednesday the 24th of September, Faster Payments withdrawals will be processed until Friday the 10th of October. Capital Treasury Services, the Isle of Man based regulated financial institution offering clearing services to Coinfloor and other Bitcoin companies, has been compelled to withdraw support for cryptocurrency businesses. They emailed customers and I expect that they'll put it up on their blog soon as well: http://blog.coinfloor.co.uk Title: Re: Coinfloor UK Post by: RockHound on October 08, 2014, 04:15:59 PM Their UK bank 'Capital Account' have stopped all Bitcoin business, so no more UK Faster Payments :'( Customers are still able to deposit via Faster Payments until next Wednesday the 24th of September, Faster Payments withdrawals will be processed until Friday the 10th of October. Capital Treasury Services, the Isle of Man based regulated financial institution offering clearing services to Coinfloor and other Bitcoin companies, has been compelled to withdraw support for cryptocurrency businesses. They emailed customers and I expect that they'll put it up on their blog soon as well: http://blog.coinfloor.co.uk Thanks for your inputs - I too have been trading and continue trading with them - it's a shame about their Faster Payments no longer being allowed (I found that it never got credited same day for me, but the following morning in most instances) I now send via a standard bank wire over to their Polish affiliate banking partner (PKO) the process so far takes 4 days on average. Most trades I've completed on their site are within 1% of Bitstamp - so are very competitive. BTC withdrawals are generally slower than Bitstamp, for me it normally takes around 6Hrs from request and if requested after 6PM are completed the following morning. Title: Re: Coinfloor UK Post by: RockHound on October 08, 2014, 04:40:49 PM I visited the Coinfloor office yesterday. Coinfloor is quite an open business, and anyone can make an appointment to be shown around. Their premises are in a courtyard building just off Chancery Lane in London. It's a respectable part of town for this type of business, and is less than 100 meters from the London Silver Vaults. As a small business, they only have part of the building, and they share a common entrance with other small businesses. Most of their development and administration is done from a workspace upstairs. It's an open area, full of chairs, tables and computers. The computers are all laptops (MacBooks, I think), and I was surprised that not even the main developer had a big monitor attached. I met the founder and CEO Mark Lamb, co-founder Amadeo Pellicce, technical lead and chief developer Obi Nwosu, and three other staff including their support person. Coinfloor's accountant was also there, tapping away at a computer. It seemed like a comfortably busy but non-chaotic workplace. It was fairly austere too - there was no extravagant furniture and no executive "goofing-off" toys. Just places to work. I spent some time talking to Mark Lamb, and he clarified some points which have been raised from time to time in this forum. James McCarthy (nefario) was involved with the company in the early days, but is no longer working for them, having parted on amicable terms. The UK "Faster Payments" service is no longer operating, having been forced to close by the policies of the UK clearing banks. For now, payments in and out take place through a GBP-denominated account at a Polish trading bank. Obviously it wasn't possible for me as a visitor to "look through the books" or look over their shoulders as they worked, but I came away with a positive impression and confident that I was seeing a professional operation. I hope this account of my visit is interesting or useful to people. If anyone wants to arrange a visit to Coinfloor, you can do it through a link on the following page: http://support.coinfloor.co.uk/hc/en-us/articles/202484946-Where-is-Coinfloor-located- Very good of you - thanks for sharing brother. I always need a bit of assurance too before doing business - Good idea to go visit their offices :D I might also arrange when next in London - would be interesting to see how a BTC exchange business is ran. Credit where credit is due! I know Mark, Amadeo and Obi have done have worked tirelessly on behalf of the UK Bitcoin community, doing a lot of legislative, compliance, regulatory, security etc behind the scenes. In fact the Coinfloor team would be excellent people to approach for any UK enterprise (existing or start-up) for advise/chat. I will continue using them as my default exchange in support - and hope more UK Bitcoiners give them a try Title: Re: Coinfloor UK Post by: ziggy.s on October 30, 2014, 01:46:53 PM Coinfloor opened new trading markets in EUR, USD and PLN.
Quote from: Coinfloor Blog
http://blog.coinfloor.co.uk/post/101258757411/coinfloors-high-liquidity-markets-are-officially-open (http://blog.coinfloor.co.uk/post/101258757411/coinfloors-high-liquidity-markets-are-officially-open) The liquidity does look good during daytime and it seems the fees and have gone down significantly: https://www.coinfloor.co.uk/fees (https://www.coinfloor.co.uk/fees) Title: Re: Coinfloor UK Post by: egghead123 on November 05, 2014, 08:34:52 PM why deposits under 500 pounds go through poland?
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