Product: coin exchange
Owner: Not Known
Price: Deposit as little you was
Overall rating: (2.8 / 5)
About Coin Exchange
What is Coin Exchange? Coin Exchange makes a range of relatively promises that are fairly standard given the cryptocurrency climate. Getting started with the Coin exchange platform doesn’t raise any red flags- the exchange doesn’t make any outlandish promises and doesn’t attempt to guide users toward cloud mining schemes or high yield investment programs.
The “about us” section of the Coin exchange site, however, is extremely lacking. A good exchange should provide a great deal of information regarding the history of the platform, it’s licensing status, the corporate entity that owns the operation, and more. The Coin exchange about us page provides no specifics, detailing only a few arbitrary comments on security and customer support.
Verification with Coin exchange
Verification levels are there to cap different account tiers and ground them on certain restricted abilities. Some of these abilities include complete use of their exchange platform and sometimes would even go to not being able to deposit and withdraw without going through a specific verification process. There are a huge number of websites today that apply this process, making it a pain especially if you really want to trade with that website but regional issues are put into play.
So the question is does Coinexchange.io have different verification levels? We will figure that out together by creating an account with them! Click the “REGISTER” button found on the upper right-hand side corner of the homepage to be redirected to their registration page. To create an account, simply provide an active email address, username, and password for the new account that you want to register with them –pretty basic information needed to create an account.
The account creation is as easy as we thought it would be, knowing that they are an unregulated exchange website. After we provided the information we were sent a confirmation link to the email address we provided. Having a real email address to access the link is really important if you are serious about creating an account with them.
We then clicked on the verification link and a few seconds later we were automatically logged into the account that we made! The first thing that will greet you is an option to choose between changing your password and activating the Google Authenticator for your account.
Coin Exchange Features
Now that we’re on their website, what now? Now is the time to take a peek at their website features! Just like the majority of exchange websites today, they also offer Two-Factor Authentication here at Coinexchange.com. But despite the 2FA, they still offer a completely anonymous trading platform; which is great since even with the anonymity, accounts are still secured.
Compared to regulated websites wherein you are able to report any issues to proper authorities, unregulated websites are the opposite since they are unregulated. Having a support such as 2FA is always welcome and we strongly advise to take advantage of it.
Under the “More” tab they’ve got what is called a “Bug Bounty” feature wherein users are able to earn by reporting any bugs on the website or their exchange platform. This is common practice when it comes to online video games but this is the first we’ve seen an active exchange website offering this kind of promotion.
Having users actively search for bugs is great since this would greatly decrease their maintenance cost but at the same time, have a bug-free website. The websites also support API, so if you are into API trading, then you might want to check them out.
Trading with Coin exchange
Now comes the most interesting part of the review, the exchange platform! We can talk all day about what their features are, how good their background is and what you will get if you sign up with them. But by the end of the day, the most important thing is their exchange platform. How good or bad is it?
Before we go into the details of the exchange platform, we would like to share with you guys the available markets for their traders. Here users are able to trade with BTC, DOGE, ETH, ETC, and LTC against literally a myriad of alt coins to choose from! Due to the number of coins listed online, they have the “Hide Columns” tab wherein you are able to filter the ones that you want to see and not everything that is listed. Under the tab, users are able to arrange everything from Coin Name, Last Price, Change, 24hr Volume, 24hr High and Low, and Top Bid/Ask.
For our example market, we’ve got the XP/BTC showing up in our screenshot. Due to the size of the exchange platform, we are unable to fit it all in one screenshot, thus we will be discussing them in two separate shots.
On the upper part of the exchange platform, we’ve got the market showing and below that is the candlestick chart showing recent activity. The right-hand side panel also shows some interesting numbers that can be of great use to trade efficiently.
Here you are able to see the last price of the coin against BTC and the average ask and bid price listed. One thing hit us when we were looking into their exchange platform; they are not automated compared to most exchanges out there today. This is why they have a really huge exchange platform wherein data can be found everywhere!
The lower portion of the exchange platform we are able to access their orders tab. Here you can either buy/sell any coin that you have chosen. As mentioned earlier, their order page is not automated (but their fee tab is) when it comes to their current price for the market you have chosen. This is where the previous screenshot comes into play, the numbers and data provided can be of great use here when you want to buy/sell crypto.
Their exchange platform is self-explanatory and everything that you need is basically in front of you. The numbers might be overwhelming at first, but give it a few minutes and everything will sink in, especially if you are not new to huge exchange markets. Judging by the number of markets you are able to trade here at Coin exchange and the features they have, we give them a solid 5/5.
What is Coin Exchange?
The only reason why we are not so thrilled with the website is the fact that Coinexchange.io does not have anything regarding their company information. Leaving this in a dark closet is something that literally scares people away due to the seclusion of it. On the other hand, they don’t require an extensive verification and respect your privacy. Also, they offer a large variety of small-cap altcoins which cannot be found on many other exchanges.
When it comes to exchanging websites, we should at least know where the company is based at to get an idea on whom we are dealing
with. But if we remove that scary fact, they do have a decent exchange platform and the registration is fast and doesn’t require any verification because they are unregulated.
The most disturbing disadvantage of Coin Exchange is that there is no information available about the corporate entity owning the brand and the website. We don’t know which is the company running this service, nor where are its whereabouts, let alone whether it is licensed in some way. To conclude, Coin Exchange leaves us with mixed feelings thus it’s no recommendable?
What is Coin Exchange? While the CoinExchange may not be an upfront scam, there are a number of issues regarding its traceability. To date, Coinexchange.io has not suffered from any serious issues, but as the owners are completely anonymous, it’s best to remain cautious when using the service.
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I wish you the best!
Crypto trader and blogger on: