Splendid Review Of COBINHOOD [Part #1]: World's First Zero Fee Exchange!

in #cobinhood6 years ago (edited)

Exchange fees is a big issue for the daily traders! All top 10 exchanges charge you hefty fees for every transaction you do. Some have less and some have more but these cut into your profits by a good margin. For example, Binance charges you 0.1% trading fees. That's not much but when you trade good amounts of BTCs, these add up to the fees. I present you the solution to this problem - COBINHOOD.

Undervalued Cobinhood COB.png

World's First Zero Fee Exchange!

This is the only exchange that is aiming to increase the trader's profit. They have eliminated trading fees and now anyone can actually make additional profit because of this. Traders now can enjoy ZERO trading fees for spot trading and margin trading up to 10x leverage. Well, this is not the only reason why this exchange. It has some more groundbreaking features and functions. Let's talk about these one by one.

The Team Behind COBINHOOD

The company is registered in Cayman Islands with offices in all major countries. They accept FIAT to crypto but it all depends upon banks allowed to operate that way in the future. The long term plan is to make the exchange decentralized by Q2 of 2018. The following people are the behind the inception of this wonderful exchange:

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POPO Chen

CEO & Co-Founder


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Wei-Ning Huang

ETO & Co-Founder


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Tony Scott

Advisor & Former U.S. Federal CIO


Account Verification and Limits

Once you login, after email verification, you can immediately start trading. No need to verify your account at Level 1. It also has a limit of withdrawal set up to 3 BTC. To withdraw more than 3 BTC you need to level up to 2nd stage where the whole verification process takes place like submission of necessary documents and information. Once all documents are verified, you will be able to withdraw upto 100 BTC which is quite huge. Another VIP will be coming soon.

undervalued cobinhood COB account limits and levels.png
Source: https://cobinhood.com/trade/ABT-BTC

Exchange Environment

The exchange environment looks very smooth. Although it looks as a cluttered patches of various functions but it contains all the important views under a single window:

  • "Chart" is available in 2 types of views: Price & Depth
  • "Order Book" with last Buy/Sell Orders
  • "Order Form" with four options: Limit, Market, Stop and Stop-Limit
  • "My Order" section contains the history of your own orders
  • "Trading History" contains the time, price and no. of coins traded per transaction
  • "Balance" contains the total no. of coins and the amount you own.

Cobinhood COB Undervalued Exchange Environment.png
Source: https://cobinhood.com/trade/ABT-BTC

Summary of COBINHOOD Special Features

Cobinhood Special Features COB Undervalued.jpg

Contact Information

Website: https://cobinhood.com/home

Telegram: https://t.me/cobinhood

Twitter: https://twitter.com/Cobinhood

Facebook: https://www.facebook.com/cobinhood.exchange

DISCLAIMER

This shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money investing in crypto currencies. The information above is for educational and entertainment purposes only.

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Here is some feed back I am giving to bloggers about these posts: You may have followed these guides already, but if not, it would be great to see the following for your blogs. I will be giving upvotes if you include these in your next blogs:

  1. FOCUS ON YOUR OPINION ABOUT 'IS COBINHOOD IS UNDERVALUED' OR NOT - compare Cobinhood to other crypto exchanges, decide if it is better or not. maybe even compare its market cap on coinmarketcap.com to its competition and decide if Cobinhood has further to climb up the coin market cap list...
  2. Write original content
  3. Continue blogging about this subject, but I would also love to see video blogs on dtube, dlive, viewly or youtube
  4. Please do not make any mention to @starkerz, this may exclude you from upvotes - write the blog as your own professional blog for your own followers
  5. Please make an effort - blogs that have had little effort or that are low quality will not receive up votes!
    STEEMON!
  6. Share these blogs to your other social media sites.

Good stuff. Definitely something I need to get my head around more.

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