Coinfalcon Exchange Review

Coinfalcon is a UK-based exchange, offering users a modern, refined trading experience with low fees, and is not that known in the field for the ease of use that it displays.

The exchange is run by CEO Jordan Steeves, apparently solo, and has started operations in August 2017. We could not find any other public team members.

The volume on Coinfalcon is not substantial, although it is acceptable - provided they allow for their users to trade against EUR using bank transfer - and they have publicly spoken out against exchanges who fake their volume numbers. This approach, although less profitable for the exchange in the short term, is perceived by us as a wise move which, sadly, most exchanges do not share.

Although there was never a significant risk-related event involving Coinfalcon, in July 2018 they listed Dascoin, a known MLM scam that was under seizure and legal action by Polish authorities. As time went by, Coinfalcon did nothing to address this issue and Dascoin has remained tradable on the platform even after it was recently rebranded as Greenpower, ad continues its wrongdoings to this very day. While Coinfalcon sometimes delists certain credible currencies, it leaves on its platform shameful scams such as Greenpower, which severely reduces the exchange's quality in our eyes.

As of June 2019, the GRN / BTC trading pair (Greenpower) boasts the highest volumes of all other pairs on the exchange, even beating out the BTC pairs.

To conclude, while it is not well-known in the larger crypto market, and they do provide a sleek UI and seamless fiat-onboarding experience, Coinfalcon is very weak in providing its users a safe range of assets to trade. Their decision to keep Dascoin on their platform, even after it was exposed as a scam, and even contributing to its rebranding by continuing to allow it to trade, makes us very wary of both its coin listing process and the exchange itself.