CoinsBank - coinsbank.com REVIEW, TRADING VOLUME AND PAIRS
The CoinsBank project is a multi-functional cryptocurrency platform that is registered in Estonia. Although only 4 cryptocurrencies are available on the platform (BTC, ETH, LTC, and XRP), it has numerous advantages, including the presence of an official license, a wide range of tools for professional trading, and flexible conditions regarding user verification. Because of all that, tens of thousand users visit the official website of the exchange (coinsbank.com), providing daily trading volume at the level of 200 million dollars (at the time of writing this review).
The trading fee is 0.20% for market makers and 0.50% for market takers. The minimum order size is 0.0001 BTC. Besides, there is a commission for withdrawals, which is set individually for each cryptocurrency. For example, for the withdrawal of Bitcoin, you will have to pay 0.0001 BTC, which s quite considerable. The system does not charge a fee for a deposit but sets a minimum deposit amount of 0.0001 BTC.
CoinsBank offers a wide range of ways to deposit money. Both bank transfers and credit card transfers are available to users. Deposits in US Dollars, Euros, and British Pounds can be made with the help of electronic payment systems QIWI, Perfect Money, and Epay. When sending funds, we recommend specifying the amount of fees for a specific payment system.
The following conditions apply to the exchange:
1. The lack of verification for any deposit/withdrawal transaction without the use of fiat money;
2. Withdrawal of funds in fiat currencies and Wire/SEPA deposits require passing the 3rd level of verification.
3. The maximum deposit amount (when using the QIWI system) depends on the customer's identification in QIWI.
4. The processing time for all withdrawals of fiat currency takes up to 10 business days.
Deposits in Bitcoin require 3-6 confirmations, in Ethereum - 30 confirmations, in Litecoin - 6-12 confirmations.
The main advantage is that this project has an official license and offers a wide range of tools for different participants of the crypto-industry. Judging by customer reviews, the project is well protected, and given that there is no data on successful hacks of the platform, we can make a preliminary judgment that it is quite secure. At the same time, remember that the choice of cryptocurrencies on the platform is very limited, and the commissions for traders are higher than average. However, if you are interested in universal solutions for individuals and businesses, you should pay attention to this project. And if you have any questions, you can always contact the website administration via Twitter, Facebook, linked.in, vk.com, Bitcointalk or GitHub.