COSS - coss.io REVIEW, TRADING VOLUME AND PAIRS
COSS is a relatively young cryptocurrency exchange, which was launched in April 2017. The platform is a large trading ecosystem, which includes not only exchange but also a payment gateway for processing transactions and the option of issuing your own payment cards. Besides, the official website COSS.io has a news portal where you can track important changes in the cryptocurrency world, as well as find many additional services.
Despite the scale of the project, there are only a few members of the team. At that, the company is advised by experienced strategic partners who have a certain authority in the cryptographic community.
There are more than 200 trading pairs on the exchange. The most popular currencies are Bitcoin, Ethereum, NEO, Stellar, and Ripple. The daily trading volume is 6.7 million dollars, which speaks for sound liquidity. Exchange not very convenient for professional traders because the system does not support the function of margin trading. Instead, there offers interesting solutions for the commercial sector, providing the reception of payments in digital currency. With the help of the platform, sellers can safely, quickly, and conveniently accept payments in cryptocurrency. This service has found its customers, and, at the moment, the number of customers in the form of online and offline stores is several hundred.
The simple interface is one of the key advantages of the project. Professional traders may find this platform useless because there are no advanced technical analysis tools. However, beginners will be able to use it to get used to the niche and start trading.
We would like to emphasize the following functional features of the website coss.io:
• Multi-currency coin-storage wallet;
• Secure online exchanger;
• A full-fledged cryptocurrency exchange;
• Updated rating of digital assets;
• A list of stores that accept payments in the digital currency;
• Easy placement of new currencies on the exchange;
• Proof-of-Development for blockchain integration into small and medium business practice;
• News block on cryptocurrencies and finance.
Benefits and drawbacks
Having read numerous user reviews, we can highlight the key advantages of the platform.
Among them are:
• User-friendly interface, understandable to newcomers;
• The system of monetization through payment gateway;
• Active communication with users through social networks;
• Transparency and openness of information about team members.
But as any other project, has its drawbacks. First, because it is a cross functional system, which is quite difficult to manage and develop. This requires teamwork and professionalism. Secondly, the data on the exchange is not presented in an open GitHub account, which reduces trust. And, thirdly, the exchange does not accept fiat money, which is an obvious drawback.
Despite the shortcomings, customer feedback on COSS is generally positive. To date, there is not a single comment on the Internet that would question the security of the platform. However, we traditionally do not recommend storing large amounts on exchange accounts, preferring cold hardware wallets.
In any case, the exchange will be interesting to beginners, because of simple functionality. Aside from that, there is a huge selection of coins that can help you collect a good investment portfolio.