Founded in 2018, the CoinDeal crypto exchange provided users with innovative features for trading. The exchange operated in a vast range of countries, and its website was available in a variety of languages. However, while the CoinDeal cryptocurrency exchange supported many countries worldwide, it didn't have the required licenses to operate in the U.S.
In addition to macOS and Windows, the CoinDeal app was also available for both Android and iOS users. Besides, the exchange users had to complete a rigorous KYC verification process, including a mandatory 2FA and a personal video chat to confirm their identity.
Unfortunately, due to a fraudulent scheme built by scammers using the CoinDeal name, in January 2023 the exchange announced that it will close by the 19th of February 2023.
Markets
Besides offering +20 cryptocurrencies in a wide range of CoinDeal trading pairs, the platform supported both crypto-crypto and crypto-fiat exchanges, making it easy for users to enjoy trading CoinDeal spot and futures.
The CDL token, which was created in late 2019, is the native token of CoinDeal. Besides using the coin to reduce CoinDeal exchange fees or get access to OTC trading, the CoinDeal cryptocurrency exchange also allowed users to stake it. By doing that, they were able to earn up to 11% in the currency of their choice: CDL, BTC, or USDT. Check out the current CoinDeal crypto price here.
In terms of CoinDeal exchange fees, the exchange accepted free deposits but imposed fees on crypto withdrawals, which were set by the token. For instance, withdrawing Bitcoin cost 0.000375 BTC. Other CoinDeal crypto fees were determined by the kind of account.
Users were able to lower transaction costs in a range of ways. For example, they were able to decrease fees to 0.05% by acquiring CoinDeal coins. Getting a VIP status dropped the CoinDeal crypto price even further. However, if users held their funds without making a transaction in six months, they had to pay $9 as an inactivity fee.
The 24-hour CoinDeal trade volume ranged around $2,700 in January 2023. However, the highest CoinDeal volume was detected on April 1, 2022, when it reached $147.96 million.
Other Services
Based on their demands, CoinDeal users were able to pick between two kinds of accounts: basic and premium (VIP). A premium account offered a range of perks, including priority assistance, faster registration, a VIP chat, cheaper costs, and a private Telegram channel. Plus, only premium account owners or users with a minimum of 20,000 CDL were able to buy BTC via OTC.
Also, the exchange had a tiered referral program that allowed users to earn passive income by inviting new users to the platform.
Another prominent feature of CoinDeal was the ability to earn money while holding native tokens in their wallets. The reward differed based on the staking amount and duration, with the maximum being 8% of the total locked amount.
About the Company
Founded in 2018 and headquartered in Kingtown, the CoinDeal crypto exchange was managed by a team of crypto and blockchain experts, including Adam Bicz (CEO) and Kajetan Maćkowiak (co-founder), who are renowned in the fields of programming and management. Besides CoinDeal, both Bicz and Maćkowiak are the brains and the creators of projects like BuyCoinNow and Paycoiner gateways.
As mentioned in the beginning, the CoinDeal crypto exchange closed on the 19th of February 2023. This happened because a scammer (Neil Chandran) developed a fraudulent investment scheme under the CoinDeal name that raised $45 million by selling unregistered securities. SEC figured it out and brought charges against Neil Chandran. Even though the CoinDeal exchange had nothing to do with this fraud, the entire incident cast a negative light on the company's name.
