Coingi.com exchange only offers trading in BTC and Dogecoin. That means that you can’t buy or sell any of the smaller cryptocurrencies (Trustnote Coin, Ultracoin, SuperNET Coin, Woodcoin, Truckcoin, or any cryptocurrency with a similar market capitalization to those) here. So, if you seek to buy or sell any of those, you’ll have to choose another exchange.
Coingi does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges in spite of such exchange(s) stating that they allow US-investors.
A cryptocurrency exchange launched in 2014 in the Czech Republic, the platform is committed to providing a global service. It introduced the option to make fiat-crypto trade in 2017, as it launched as a crypto to crypto exchange initially. The crypto trades available are currencies such as Bitcoin, Litecoin, Dogecoin, Dash, Vertcoin and Namecoin. The whereabouts of the platform’s physical headquarters are not known at the time being, however, as the website states that the platform is using a Czech bank, it is reasonable to assume that their headquarters are located there as well.
How To Start With Coingi.com
To start trading with Coingi.com ,Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Coingi.com website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Coingi.com account.
Coingi.com exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. Maybe you also want to collect some flight points or something else. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
Coingi Trading fees
There are a number of top crypto exchanges who don’t charge different fees between takers and makers. Usually, you say that such exchanges’ trading fees are “flat”. Coingi is one such exchange. It offers a flat trading fee of 0.20%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. 0.20% as trading fee is slightly below the industry average. The industry average is arguably around 0.25%.
Coingi Withdrawal fees
Coingi charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average. To see the withdrawal fees for withdrawals of other currencies (both fiat currencies and cryptocurrencies), please refer to the below picture.
Factors such as low fees and fiat currencies render the exchange practical and convenient for investors, especially those that are new to the cryptocurrency investing scene. Coingi’s platform is pretty easy to use for any user. The website offers a price chart along with the basic features and, as mentioned before, can be used in multiple languages.
Coingi.com does not accept credit cards or online payment platforms, but one can make a deposit through a bank wire and a SEPA (available in the EU) transfer, which is convenient enough. The only inconvenience is that apparently the deposits are not processed instantly.
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