CoinTiger review: is the exchange safe and legit?
CoinTiger is a Singapore-based centralised crypto exchange. It is one of the few exchanges that work on an equity mechanism and has also introduced its token. It has not gained much popularity globally, mainly catering to the Southeast Asian market.
Nonetheless, around 1.8 million crypto investors trust this exchange for daily trades. Meanwhile, its 24-hour trading volume is over $810 million, which indicates its formidable size. CoinMarketCap ranks it in the world's top 100 crypto exchanges.
CoinTiger digital asset exchange review
If you are still hesitant to trade through CoinTiger, here's its complete review!
Trading order and deposit methods
Trading with CoinTiger is relatively straightforward. It allows trading through both cryptos as well as fiats. With that, it offers three trading orders: market, limit, and spot limit. Spot limit will allow you to trade at a specified price.
Moreover, it also gives you multiple deposit options. Apple Pay, Mastercard, Visa, Wire Transfer, Swift, and several others are among them. Although you can purchase crypto via fiat currencies available on the platform, it does not allow fiat deposits directly.
Is CoinTiger safe? It is one of the main concerns of the investors. The exchange provides three protection layers. The first one is Google authentication which you can enable for your logins and withdrawals. Secondly, you will have 2-factor authentication that will send you a verification SMS to confirm it's you. Lastly, you can set up a fund password for processing transactions securely.
It has partnered with various cybersecurity firms to ensure network security and audit its smart contracts. However, one problem with CoinTiger is that it is not regularised.
Supported digital and fiat currencies
It is compatible with both fiat and cryptocurrency trading. Currently, there are over 300 coins listed on CoinTiger. Moreover, it also supports a wide range of fiat currencies. It is available in over 100 countries and allows you to deal in USD, CAD, AUD, EUR, and numerous other currencies.
The trading fees on the platform are also minimal. As a transaction maker, you will be charged only $0.08. On the other hand, if you are on the receiving end, you might have to pay $0.15 on a complete transaction. Though the fees are nominal, you will get much cheaper rates on some exchanges like Binance or FTX.
UI/UX and customer support
User interface and experience are also important features to consider before opting for an exchange. CoinTiger offers a user-friendly interface through its iOS and Android-compatible app. Moreover, for the price charts, it uses TradingView charts, having basic and advanced modes. Moreover, to ensure accessibility, it is available in multiple languages. It allows investors across the world to use the platform.
Besides, the best thing about the platform is its relaxed KYC policy. Because of this, you do not have to complete the verification process for trading. You can indulge in trades of up to 2 Bitcoins without KYC. It also provides 24/7 support via live chat.
Possibilities for passive income
It also creates several possibilities for generating a passive income. This includes;
- CoinTiger staking pool
- Initial exchange offerings (IEO)
- TigerCash native token
CoinTiger crypto exchange is a diverse trading platform that has an equity mechanism. It offers a user-friendly interface with impeccable security. You can trade more than 300 cryptocurrencies with multiple trading orders and deposit methods.
Moreover, you can generate a passive income through it. Its staking pool, IEOs, airdrops, and the native token might earn you profits. However, one issue with the platform is that any authority has not yet regulated it. Nonetheless, its overall features and security make it a legit exchange.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.