Invest For The Future
Overview
Cointiger is not hugely popular, but it is one of the world’s largest crypto exchange. It is an important trading centre in the Southeast Asian region. Even though it ranks below the top 100 in trade volume, it still generates $6.8 billion in 24-hour trades, indicating that it is trendy.
Before diving into the details, it’s essential to understand what the exchange is, what it offers, its benefits and disadvantages, and other relevant information. In this CoinTiger’s Review, we’ll discuss what the exchange is, describe its characteristics, and provide you with additional information that will help you to decide if it is right for you or not.
CoinTiger is the best cryptocurrency exchange platform in Singapore. It was founded in December 2017.CoinTiger is a massive name for a cryptocurrency exchanger. This exchange provides trading in various markets. CoinTiger’s website is available in English, Chinese, Korean, Russian, and Vietnamese, among other languages.
Is Cointiger Allowed In The US?
Due to the country’s strict regulations, citizens of the United States are prohibited from trading crypto on Coinfiger. Thus, no accounts will be opened and no trades will be permitted.
Services And Features
Exchange
The exchange functions on the websites have been categorized into three types:
Basic:
The Spot Exchange has an order page that features limit, market, stop-limit orders, an order book, a chart page, and a chat room. It also has an order book, a chart page, and a chat room.
Advanced:
Advanced exchanges are comparable to primary exchanges in their features. They improve the essential feature with a more detailed chart and graph system and a more complex order book.
Converting Crypto:
Cointiger includes a new feature where you can alternate between USDT and sUSDT. sUSDT is a stablecoin that can be used for micropayments on the Cointiger exchange platform. One sUSDT is worth 0.001 USDT, making it suitable for paying for tokens that have many decimal places.
Futures
You can trade 83 coin/USDT trading pairs on the USDT-margined futures page, up to a maximum of 125x leverage on the BTC/USDT pair. Other trading pairs may be traded with less leverage.
You can set up a cross or isolated margin positions in COIN-margined futures. However, six cryptocurrencies, namely BTC, ETH, LINK, DOT, LTC, and DOGE, are available.
Staking Taking Pool
Cointiger allows you to stake a variety of coins and receive returns. The two types of betting products are the Monthly Yield Growth (MYG) products, which provide increasing returns, and the Fixed-Rate products, which provide guaranteed returns and fixed lock-up periods. Some of the coin exchanges that can be staked include Dogecoin, SCY, ATR, FAFI, SHIELD, Etc.
Rocket
The platform uses Cointiger Rocket as its launchpad to access newly launched cryptocurrencies. On February 12, 2018, This platform issued four tokens, namely Animation Vision Cash (AVH), Tycoon Global (TCT), Dengba Planet (DBT), and Silk Chain (SILK) which were successful IEOs on Cointiger’s platform.
Leeemall(LEEE), the latest-launched token on the IEO platform, was rebranded to Rocket in December 2019 with the launch of Leeemall(LEEE), a blockchain-based e-commerce shopping platform. It is still the latest-launched token on the platform, despite the rebrand.
Mystery Box
In September 2021, cointiger exchange introduced this NFT-based feature that allows users to purchase mystery boxes that contain NFTs and other tokens when they are opened. Variety Cointiger was the first box series that sold out in its first few hours.
In addition to the series created in collaboration with various token teams such as Metamusk, Megatoken, Babydoug, and PolyP, other series have been created.
CoinTiger Fees
Trading Fees
There are two different trading fees at this particular venue for cryptocurrency platforms trading. Takers pay 0.15%, while makers only pay 0.08%. With almost 50% of makers receiving a discount, they get a discount on the trading fee.
The global crypto exchange average fee for trading is around 0.25%, which is 0.15% for takers and 0.08% for makers. In addition, both 0.15% for takers and 0.08% for makers are competitive cryptocurrency exchange rate.
Withdrawal Fees
Does CoinTiger’s withdrawal fees match its low trading fees? No, CoinTiger does not charge high withdrawal fees to make up for its low trading fees. The opposite is true. CoinTiger charges only 0.0005 BTC when you withdraw BTC, which is a competitive rate in a global and Singaporean sense. With the exception of other cryptocurrency exchanges based in Singapore, which typically charge higher withdrawal fees, most other cryptocurrency exchanges charge higher withdrawal fees.
Deposit Methods
You can purchase your first cryptocurrencies at CoinTiger with USD or CNY dollars (for instance). When we say “entry-level exchange,” you can buy crypto currency here. Having various deposit options. Wire transfer, credit or debit card deposits, and of course, benefit new cryptocurrency investors.
Pros and Cons
Pros
- The exchange has a variety of cryptocurrencies, defi-coin, and fiat currencies listed.
- A crypto trading platform terminal for beginners and professionals that is convenient and functional.
- A single account can hold both fiat cryptocurrencies and multiple currencies.
- The possibility of investing directly in blockchain projects daily paying interest.
- Fixed trading commissions are below average for the segment; no minimum deposits are required.
- Beginner traders receive extensive training and receive cryptocurrency platform bonuses regularly.
- The best platform to buy cryptocurrency for creating, running, and distributing blockchain projects, top cryptocurrency exchanger, and fiat money funds.
Cons
- The support service has chat, email, and social network support only.
- Poorly tooled analysis instruments for short-term trades.
Does CoinTiger Have a Mandatory KYC?
You can set up a Crypto Exchange with No KYC. Cointiger does not require users to complete KYC verification before using the exchange. You may still use the exchanges without providing personal information up to a daily trading volume of 2 BTC. However, if you want to increase your withdrawal limits to 50 BTC, deposit fiat currencies, use the Cointiger bank, or if there has been some suspicious activity on your account, you will have to provide KYC information.
CoinTiger App
Cointiger allows users to download the best crypto trading app for Android and iOS devices. Cointiger has an excellent rating of 4.7/5 based on 11,321 comments in the Android store. However, the most recent comments are highly critical and may raise questions about the authenticity of the CoinTiger reviews.
Regulation & Security
There are no regulatory measures to protect or insure traders on CoinTiger. Despite its lack of regulatory oversight, The platform may still offer some protection or insurance. John Wick Security Lab is a well-known security firm that provides smart contract and wallet security. However, there have been previous hacking incidents.
To use CoinTiger services, customers must provide personal information such as primary and secondary photo IDs and proof of address to prove their identity. Once customers are verified, they must use two-factor authentication (2FA) to access their accounts.
Customer Support
The CoinTiger website has dedicated support and a tutorial Zendesk section where new users can find instructions on working the many functions on this site. Suppose you have trouble logging in or withdrawing money. In that case, the tutorial section may not assist you, so you can post a question to the CoinTiger team or use the forum, where you will discover maintenance updates and new listings, and announcements.
Finding detailed information on all of the cryptocurrencies available on CoinTiger can be difficult. To assist with this, CoinTiger provides information on projects such as 420X, YFIE (Yoint Blockchain Enterprise), x2p (xenon), Jindo Inu, and Bafe.io.
CoinTiger Final Thought
This platform has both positive and negative aspects, just like any other exchange. It offers certain products to generate passive income, including staking, airdrops to VIP members, and rewards for TCH holders. There is no requirement for KYC on the exchange, which is a significant benefit. On this platform, you can trade crypto without KYC.
Unfortunately, it is not well-regarded among users on social media and is therefore not regulated. Therefore, if you invest in or trade on the exchange, be sure to do so carefully.
