From December 15th 2017, Coinfloor will discontinue the Express Buy service, increase fiat and cryptocurrency deposit minimums, and reinstate trading fees.

Ending the Express Buy service

Express Buy (formerly Coinfloor Market) allowed our clients to purchase smaller amounts of Bitcoin through our Coinfloor approved brokers. As of December 15 2017, the Express Buy service will be discontinued. Clients can continue to buy bitcoins using Coinfloor Exchange, the UK’s top GBP cryptocurrency exchange service.

Please note that Express Buy transactions will continue to be completed by Coinfloor Brokers until the December 15th but we will only allow creation of new purchases until the end of Tuesday, December 12th .

Increasing Fiat currency and Cryptocurrency Deposit Minimums

We are increasing the minimum required deposit amounts for all fiat currencies and cryptocurrencies.

The deposit minimums as of December 15th 2017 will be as follows:



Deposit minimums

Asset Current Minimum deposit amount New Minimum deposit amount Bitcoin (XBT) 0.0050 XBT 0.0500 XBT Bitcoin cash (BCH) 0.0050 BCH 0.0500 BCH Pound Sterling (GBP) 1,000.00 GBP 2,500.00 GBP Euro (EUR) 1,000.00 EUR 2,500.00 EUR Polish Zloty (PLN) 1,000.00 PLN 2,500.00 PLN US Dollar (USD) 1,000.00 USD 2,500.00 USD

Reinstating trading fees and ending percentage deposit and withdrawal fees

In order to be more in line with industry practice, we will be reinstating trading fees on the Coinfloor Exchange.

At the same time, percentage fees on fiat deposits and withdrawals will be retired leaving only the flat fees charged by our banks or incurred while processing blockchain transfers in addition to the trading fees.

The fee schedule as of December 15, 2017 will be as follows:



Exchange Trading fees

Coinfloor fee 30 day trailing trading volume GBP PLN EUR USD 0.30% < 500,000 < 2,000,000 < 500,000 < 500,000 0.20% 500,000 - 1,000,000 2,000,000 - 4,000,000 500,000 - 1,000,000 500,000 - 1,000,000 0.10% > 1,000,000 > 4,000,000 > 1,000,000 > 1,000,000

We believe this new fee structure will be more familiar for our new and existing clients.

The Coinfloor Team

