Coinsbank is a cryptocurrency exchange offering a wallet service, crypto cards, merchant gateways, and more. It was established in April of 2016 with the goal to revolutionize the blockchain and cryptocurrency industry by providing a wide array of blockchain services.The company is based out of the UK, but is regulated under the International Financial Services Commission (IFSC) of Belize and is also registered with FinCEN MSB in Belize.
Coinsbanks primary platform is web-based, and works across desktops and mobiles. The platform’s interface is very simple and easy to use which is enticing for beginner traders. The exchanges platform has a strong emphasis on user experience which is evident through the intuitive design and feasibility. Traders can easily manage orders and monitor real-time exchange data. As well, the charting package offered by CoinsBank is very nice. Traders have access to sophisticated charts, complete with a number of technical indicators and charting and analysis tools. Also, traders can trade safer by setting stop losses and take profits orders. All in all, the exchange platform is very well done and has everything a beginner or experienced trader needs to succeed.
The CoinsBank exchange supports a variety of fiat currencies to be exchanged in the cryptocurrency markets. The fiat currencies supported include; Australian dollar (AUD), Japanese yen (YEN), Swiss franc (CHF), Russian ruble (RUB), British pound sterling (GBP), US dollar (USD), and euro (EUR). This amount of supported fiat currencies is very impressive for a cryptocurrency exchange. However, the only downside is that CoinsBank only supports the trading of Bitcoin (BTC) and Litecoin (LTC).
An unfortunate aspect of CoinsBank is their outrageously high fees. The exchange service they provide is quite stellar, but the trading fees are very high at 0.5% per trade. This fee is the same for takers and makers and does not differentiate between the crypto or fiat currency pair being exchanged.
The support offered by CoinsBank is truly phenomenal as they offer a wide variety of support options. Users can reach support through live chat, support tickets, email, telephone, and via their social media channels. These support methods are available 24/7 and are fairly quick to respond. An additional method of support is via the websites extensive FAQ page. Here traders can find answers to most of the questions they might have.
CoinsBank offers their clients a number of sophisticated blockchain services including an advanced cryptocurrency exchange platform. The exchange service is extremely easy to use yet advanced enough for experienced traders. However, the exchange does not offer a wide variety of cryptocurrency assets available to trade. Also, the exchanges fees are very high compared to most of the competition. Although, CoinsBank does support an impressive amount of fiat currency trading pairs which is not very common among cryptocurrency exchanges. All in all, the services CoinsBank provides their clients are of high quality but comes with a price.
Protecting Your Cryptocurrency And Staying Safe on Coinsbank
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