Overview

CoinDeal Is a Cryptocurrency Exchange Platform, founded by Kajetan Maćkowiak, Adam Bicz, and Filip Dzierżak. It was launched in March 2018.^[1]

CoinDeal offers access to over 40 cryptocurrency pairs, including the most popular ones, such as Ethereum, Bitcoin or Litecoin, but also many fiat currencies: Euro (EUR), Dollar (USD), British Pound (GBP), Polish Zloty (PLN), Rouble (RUB) and Korean Won (KRW).^[2]

Safety

The platform is secured by the most advanced SSL standard incorporated together with Cloudflare security features. Users are protected by complex password requirements, mandatory 2FA and email confirmations needed for withdrawals and warnings about login attempts made from different IP than usually. Exchange funds are stored in 90% in the cold wallets protected by Multisignature.^[3]

Fees

CoinDeal features fees of 0.3% for market producer and 0.4% for market taker, which is applicable for all sets. The deposits are acknowledged in the majority of the recorded monetary forms, including EUR. The withdrawal charge for BTC is 0.0008 BTC, and, for the rest, 0.01 is required for each corresponding coin. The withdrawal charge for euro is 9 EUR, paying little mind to the sum that is withdrawn. Deposits are free for all cryptographic forms of money (BTC, BCH, ETH, LTC, DASH, QTM) and additionally fiat monetary standards (EUR).^[1]

Voting framework

The users can influence which digital forms of money will be included the platform through a voting framework. In the first voting session, the users chose different digital forms of money, and they were included the following two weeks. The coins included were: Ripple, Nano, Bytecoin, Verge, and Lisk. Later on, CoinDeal likewise include Deep Onion, DraftCoin, FuturoCoin, Infinity Economics and StrongHands, which can be exchanged with committed wallets.^[1]

CoinDeal Token (CDL)

The CoinDeal Token (CDL), which the platform launched, is its own exchange token that will give consumers an even greater experience on our trading and investing platform. The Ethereum network will support native operation of the CoinDeal Token. The technology that enables for quick block production times without sacrificing blockchain security was chosen in order to become the greatest cryptocurrency exchange in the world. A single Token Generation Event will produce a total of 50,000,000 tokens. Beyond this point, no more tokens will be produced, guaranteeing that there will never be more than 50,000,000 in circulation.

Token Features

Users will be able to access more features inside the trading ecosystem and different costs will be reduced thanks to the CoinDeal token. Additionally, CDL will enable additional cryptocurrency and fiat currency pairings and greater liquidity inside CoinDeal.

Decreased Fees

Reduced trading and withdrawal costs will be possible thanks to the CoinDeal Token. Parts of the fees might be paid in CDL when margin trading and leveraged trading are offered on the platform.