CoinCorner announces UK banking services with Faster Payments

Apr 8, 2019 · 2 min read
Danny Scott — CEO at CoinCorner

[Press release] — Friday 5 April 2019

Bitcoin looks to be moving from a bear to bull market following price increases of around 25% over the last 7 days. This comes after the price ended on a higher value than it started for a consecutive month in March, the first time this has happened in 9 months. One of the UK’s leading cryptocurrency exchanges, CoinCorner, is reporting this as a shift in attitude within the industry as general sentiment about Bitcoin is appearing more positive.

Danny Scott, CoinCorner CEO and Co-Founder said: “After a period of price stability, we have noticed that attitudes toward Bitcoin and cryptocurrency as a whole are beginning to shift. Once again, we’re starting to see both individuals and businesses expressing an interest in Bitcoin.

With this in mind, we are delighted to announce that we have recently been granted a UK bank account which is a key signal that the ice is beginning to melt and better times are ahead for Bitcoin. This is a significant development in the cryptocurrency space, as for a number of years we have been working with a European banking partner after experiencing great difficulty in securing UK banking — an issue common to exchanges in the Bitcoin industry.

Available immediately, CoinCorner customers now benefit from making quick, electronic payments through the UK Faster Payments Service and can transfer funds directly from a UK bank account to CoinCorner in under two hours — Monday to Friday 9am to 5.30pm (excluding public and bank holidays). Fees for the service will be 1 GBP for both deposits and withdrawals. There is no maximum deposit limit.

Danny Scott added: “Being able to offer UK banking facilities in the form of Faster Payments to our customers is a great addition to our services as it will speed up the time it takes to buy and sell Bitcoin.

Having been approved UK banking also opens the way for our new, exciting payment gateway, due to be launched later this month. A big development, this product will allow UK merchants to accept bitcoin as a payment method and will help to develop the Bitcoin ecosystem in the UK.


One of the UK’s oldest and leading Bitcoin exchanges…


Written by

Buy, sell, send, receive and store bitcoin with CoinCorner.


One of the UK’s oldest and leading Bitcoin exchanges (founded in 2014)

More From Medium

More from CoinCorner

More from CoinCorner

More on Cryptocurrency from CoinCorner

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade