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Segwit and Tx Batching

Hooray! Lower fees CoinCorner are thrilled to announce that we have integrated both transaction batching and Segwit functionality into our platform.

What is transaction batching? Transaction batching is the procedure of grouping together our pending bitcoin withdrawals and pushing them into just one transaction before sending them out to the bitcoin network.
In addition to helping lower fees for our customers, this change also supports the overall bitcoin network by reducing the amount of individual transactions sent out by CoinCorner (helping avoid network congestion).
What is Segwit? Segwit (short for Segregated Witness) is an upgrade to the bitcoin protocol that changes the way in which data inside a transaction is stored. The Segwit upgrade removes the signature data out of the transaction hash and stores it in a separate ‘transaction witness’.
By restructuring the way data is stored in a transaction, Segwit essentially allows for smaller sized transactions which means more transactions …
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What The Fork? Our Position on Bitcoin Hard Forks...

Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Super Bitcoin, Super Duper Bitcoin... that last one was a joke, but it seems that not a month goes by without confused messages from the bitcoin community about the latest bitcoin fork, so we'd like to take this opportunity to make you aware of our policy and standard operating procedures for these events...
What is a bitcoin hard fork? Simply put, a hard fork is when the blockchain splits in two. It occurs when the existing bitcoin code is changed, resulting in both the original version and a new forked version.
CoinCorner only supports the original Bitcoin (BTC)
If you wish to participate in future bitcoin forks, then we kindly ask that you withdraw your funds from your CoinCorner wallet. If not, then no action is required :)
Got it? Great! However, if you do have any other questions regarding our position on bitcoin hard forks, feel free to contact our support team: [email protected]
Kind regards, The CoinCorner Team

2017 Overview

2017... wow! What a year it has been at CoinCorner!
It's fair to say that "growth" has been the theme this year. We've welcomed 3 new full-time employees to CoinCorner: Rachael (compliance), Ross (customer support) and Zakk (tech) and we were also joined by Joel, our legal intern, earlier this year during his university summer break.
With the industry showing no signs of slowing down, neither are we! We plan to continue expanding the team further during 2018 - exciting times ahead!
We welcomed Ross, Zakk and Rachael (on the left) to CoinCorner
Talking of exciting times, we also said goodbye to our old office - a place that we had called home for 2 years (sometimes quite literally, as on occasion, we have been known to spend more time in the office than at home) - and moved in to a bigger (and better!) office to accommodate our growing team.
Our cool new digs, complete with a bitcoin "cold storage" fridge!
It's been a crazy year for bitcoin too... of course,…

Christmas/New Year Bank Holiday Notice

Please be aware of the upcoming bank holiday(s):
Monday 25th December 2017
Tuesday 26th December 2017
Monday 1st January 2018

During this time, the following services will be limited/unavailable:
Customer support will be limited and responses may take longer than usual.
Bank deposits/withdrawals will be unavailable and processed the next working day.
Any accounts awaiting verification will be reviewed and processed at the earliest convenience.

On behalf of everyone here at CoinCorner, we would like to thank you for your continued support and wish you a Merry Christmas and a Happy New Year!

All the best,
The CoinCorner Team

Merry Bitmas! The Best Bitcoin Christmas Gifts 2017

The festive season is upon us, but if you've not even thought about buying presents yet, don't worry! We've got Christmas all wrapped up for you. Here is our pick of the best gifts you can buy for bitcoin this year...

A gift for... your partner
Expedia, the online travel booking agency, has been accepting bitcoin since June 2014 - what better reason do you need to escape the winter weather and treat them to a trip away? Whether a romantic weekend getaway or a well deserved holiday, they'll be sure to love it (and you'll be sure to love that you bought it with bitcoin!)

Treat yourself to a bitcoin break.
A gift for... your kids
They're writing a list, you're checking it twice... your daughter wants a new laptop and your son wants the latest games console, but with the costs of raising a family ever increasing, you're thinking to the future.

So, here's an idea: buy them some bitcoin! Load it on to a paper wallet and watch their faces light up when they open…

CoinCorner To Host “Bitcoin For Women” Talk

CoinCorner To Host "Bitcoin For Women" Talk
Douglas, Monday 13th November 2017

Isle of Man based bitcoin exchange, CoinCorner, will be hosting “An Introduction to Bitcoin for Women” talk at their office on Thursday 30th November 2017.

The talk has been organised by the company’s female staff members in order to encourage more women to get involved and learn about bitcoin.

(L-R: Lizzie Pope, Molly Spiers, Rachael Duke, Lucy Turner)

Bitcoin is a hot topic at the moment, having seen exponential growth since the beginning of the year. Public interest is growing rapidly as more people explore the world of digital currency, however, the majority of interest still comes from men.

Molly Spiers, marketing manager at CoinCorner and one of the women organising the talk, said: “When I joined CoinCorner in 2015, I was quite surprised to find that I was the only female employee in the company. I soon discovered that a lack of women in the bitcoin industry was not uncommon. It is intimidating at…

Segwit2x Announcment

You may be aware of a number of recent proposals for technical changes to the Bitcoin network. All BTC stored with CoinCorner will remain safe during the potential events below.

We are aware that the key supporters for Segwit2x have now abandoned their intentions to go ahead with the hard fork, meaning the Segwit2x Hard Fork is very unlikely to go ahead.  However we are also aware of certain rumours that a small minority of miners under the alias 'BitPico' may still be looking to continue with the fork. We believe this will not amount to anything of significance, but want to approach the situation with caution. We will continue to monitor the situation over the coming days, but if a fork does look likely to happen regardless of size we may take the below approach

The proposed contentious hard fork is scheduled for 16th November 2017 at Block 494784. If this goes ahead it will likely create a separate blockchain and coin, currently being referred to as B2X. CoinCorner will not su…