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Author Topic: CoinFalcon - Bitcoin, Ethereum and other cryptocurrency Exchange  (Read 1552 times)
CoinFalcon
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August 05, 2017, 09:06:20 AM
 #1

CoinFalcon.com


We are currently building a Bitcoin, Ethereum and co Exchange called CoinFalcon.
In the coming months, CoinFalcon will launch to our early adopters and beta testers.
Sign up now to get early access to Bitcoin and Ethereum trading!


Get Early Access



Features:

  • Mobile and desktop compatible
  • Instant buy mode
  • Advanced trading view
  • API
  • Bitcoin & Ethereum
  • Two-step Authorization
  • Regulated Financial Institution in Estonia

Deposits:

  • Bitcoin
  • Ethereum
  • Euro (SEPA)

The homepage is still in progress as we build out the rest of our application, please stay tuned for updates!

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poordeveloper
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August 06, 2017, 04:17:20 PM
 #2

So users not using your margin trading services won't pay fees?

How about deposit and withdrawal fees?


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▁ ▂ ▁ Facebook | DECOIN.IO| Bounty ▁ ▂ ▁
•-» World's leading Cryptocurrency Exchange and Trading Platform «-•
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mobnepal
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August 06, 2017, 07:05:13 PM
 #3

So looks like platform is still in development phase, idea of 0% trading fee for forever sound too good to be true. Lets see how you guys have planned to survive with all the running cost you might have to cover each month.  Grin
twinstarrider72
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August 06, 2017, 09:44:47 PM
 #4

A suggestion:

Implement multisig wallets so people don't have to trust the exchange. Then I would use it.
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August 08, 2017, 02:59:23 AM
 #5

So users not using your margin trading services won't pay fees?

How about deposit and withdrawal fees?

Hi poordeveloper! Correct, we will only be charging a fee to traders who are utilizing the margin trading system. We are still working out what the deposit and withdraw fee will be but it will simply be to cover what we are charged by our banking partner.

So looks like platform is still in development phase, idea of 0% trading fee for forever sound too good to be true. Lets see how you guys have planned to survive with all the running cost you might have to cover each month.  Grin

Hi mobnepal! Yes, that is correct, we are still in the development phase and in the process of getting our license in Estonia. As mentioned earlier, we will be charging a fee for trading on margin.

A suggestion:

Implement multisig wallets so people don't have to trust the exchange. Then I would use it.

Hi twinstarrider72! This is on our roadmap to be implemented, but we won't be launching with it as it is a great deal of work.
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August 08, 2017, 08:34:31 AM
 #6

No Free + Exchange == Obvious Scams
Please explain your revenue model if you are choosing to run an exchange as a charity.Those whatever % fees you would take will be equivalent to the transaction fees.

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CoinFalcon
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August 08, 2017, 09:19:35 AM
 #7

No Free + Exchange == Obvious Scams
Please explain your revenue model if you are choosing to run an exchange as a charity.Those whatever % fees you would take will be equivalent to the transaction fees.

Hi KenR! We mentioned in the main post that we will have fees for margin trading.
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August 08, 2017, 11:34:07 AM
 #8

There are lots of exchanges already and many upcoming ones too. Hope you succeed, have requested for early access.

Good luck!
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August 12, 2017, 08:44:14 AM
 #9

There are lots of exchanges already and many upcoming ones too. Hope you succeed, have requested for early access.

Good luck!

Thanks cointabo! We will be launching to our early access users soon, stay tuned Wink.
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August 12, 2017, 02:50:28 PM
 #10

Where do you plan to have bank accounts on?


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▁ ▂ ▁ Facebook | DECOIN.IO| Bounty ▁ ▂ ▁
•-» World's leading Cryptocurrency Exchange and Trading Platform «-•
▂ ▅ ▂ ANN▂ ▅ ▂ Telegram▂ ▅ ▂ Whitepaper ▂ ▅ ▂ Twitter ▂ ▅ ▂
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August 12, 2017, 02:52:45 PM
 #11

Where do you plan to have bank accounts on?

Hi poordeveloper! As mentioned in our first post, we are a Regulated Financial Institution in Estonia, thus that is where our banking partner is located. Thanks for the question!
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August 12, 2017, 02:56:38 PM
 #12

Where do you plan to have bank accounts on?

Hi poordeveloper! As mentioned in our first post, we are a Regulated Financial Institution in Estonia, thus that is where our banking partner is located. Thanks for the question!
What about alternative deposit options? Perfect money, AdvCash... Do you plan on accepting any of them?


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▁ ▂ ▁ Facebook | DECOIN.IO| Bounty ▁ ▂ ▁
•-» World's leading Cryptocurrency Exchange and Trading Platform «-•
▂ ▅ ▂ ANN▂ ▅ ▂ Telegram▂ ▅ ▂ Whitepaper ▂ ▅ ▂ Twitter ▂ ▅ ▂
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August 12, 2017, 03:06:35 PM
 #13

Where do you plan to have bank accounts on?

Hi poordeveloper! As mentioned in our first post, we are a Regulated Financial Institution in Estonia, thus that is where our banking partner is located. Thanks for the question!
What about alternative deposit options? Perfect money, AdvCash... Do you plan on accepting any of them?

Hi poordeveloper! In the future, we will explore alternative deposit options but for launch, we will only have SEPA transfers for fiat.
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August 12, 2017, 03:19:08 PM
 #14

I was searching for a good exchange since I don't have much knowledge about them I did some research and found Poloniex/Yobit and few more, sadly Poloniex was asking for my KYC/photo proof and I am not planning to do big exchanges so didn't care to provide them, are you guys planning to add Stratis/Ripple in the future? will checkout CoinFalcon cheers.

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poordeveloper
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August 12, 2017, 03:25:23 PM
 #15

What kind of license do you have? I looked at the list of Regulated Financial Institutions in Estonia and couldn't find CoinFalcon.


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▁ ▂ ▁ Facebook | DECOIN.IO| Bounty ▁ ▂ ▁
•-» World's leading Cryptocurrency Exchange and Trading Platform «-•
▂ ▅ ▂ ANN▂ ▅ ▂ Telegram▂ ▅ ▂ Whitepaper ▂ ▅ ▂ Twitter ▂ ▅ ▂
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August 12, 2017, 03:30:44 PM
 #16

What kind of license do you have? I looked at the list of Regulated Financial Institutions in Estonia and couldn't find CoinFalcon.

Hi poordeveloper. Our license is pending approval at the moment, things take a bit in Estonia to get approved. We will have a link to the license on our site once it is ready so you don't have to search for it.


I was searching for a good exchange since I don't have much knowledge about them I did some research and found Poloniex/Yobit and few more, sadly Poloniex was asking for my KYC/photo proof and I am not planning to do big exchanges so didn't care to provide them, are you guys planning to add Stratis/Ripple in the future? will checkout CoinFalcon cheers.

Hi illusioNiZt! We are open to adding any coin given there is enough demand Wink.

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August 12, 2017, 06:50:44 PM
 #17

Our license is pending approval at the moment...


Why did you create this thread without first having a license?

How will you pay the programmers, the people who attend the ticket support and other things necessary for the proper functioning of your site if you only will charge the margin trade fee?

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August 13, 2017, 07:19:51 AM
 #18

So taking not any fee from users is a temporary service, after you have enough reputation among exchangers then you start charging fee?
Well,i use yobit. Do not know what will make your service differ from yobit to change my mind in future.
For now it is better to move on CoinFalcon

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December 17, 2017, 02:11:21 AM
 #19

I am using coinfalcon.com exchange.
There is 0.25% fee for trading.
Withdrawals fees are usually for BTC 0.0006btc.
But currently there is something going on with withdrawals fees.
If they change fee to 0.0006 than withdrawing takes like 6-12h
If they change fee to pay full TX cost than you end up with withdrawal fee close to 0.004-0.008btc it is 60-120 euro for 1 withdrawing of BTC - and than it works super fast.
Currently it is back to 0.0006btc (10 euro) and i am waiting for like 5h and my withdrawal is in pending state.
They use exactly the same market as GDAX - so i assume they got some agreement to use their market - or they are just passing trades through gdax API.

I did total about 30 trades and never got any issue with trading. Only weak part of this exchange is that they are still trying to tune the withrawal fees to balance cost/price.

Good about this exchange is that you don't need KYC documents becouse they do just crypto ATM. (similar to binance no KYC).
So you can just create account and withing 2min you can start trading.
There is also no withrawal limit. (binance has 2BTC/day)

Generaly I am very pleased.

They do get  2-5min breaks 3-4 times a day. You can notice they are fixing/upgrading stuff.
They got nice working notification system - emails.
2FA - works with google authenticator.

LTC deposits -was tuned up a bit last week, and currently works very smooth and very fast (3 confirmations) and you can nicely see it in gui.
LTC withdrawals - work very fast. (much faster than binance or bittrex)
BTC deposits - very fast.
BTC withdrawals - very slow if they currenlty use 10 euro fee, or very fast if you get adoptive tx fee (ending with 25-160 euro per withdrawal) - kinda annoying.
ETH - works smooth both way -similary smooth to bittrex, but deposit in coinfalcon is much faster.

They get nice gui popup when you are trading to see when your deposits arrive - generaly they got many cool features.

Generaly you can see exchange is not 100% completed and stuff gets modified, upgraded, changed, or tuned - but it is fully functional site.

Glad to see that they have support with chat! - usuall response time in chat is 5min-4h Smiley, but someone does actually talk to you, and tries to help you.

And very nice design. If you like exodus wallet style you will like coinfalcon.com style.
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December 22, 2017, 12:04:47 AM
 #20

looks like a scam

reason i looked at estonia regulation documents you don't have licence guys
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