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Coincall-1194464499120

Coincall-1194464499120 WikiBit 2024-06-27 10:42

Coincall, established in 2023 and based in China, is a cryptocurrency exchange specializing in options and futures trading, offering over 2.4 million digital assets. Despite being unregulated, it attracts traders with competitive fees—ranging from 0.02% to 0.10% for options and futures, capped at 12.5% of the option's price, and a flat 0.1% for spot trading. The platform's native token, CALL, provides trading fee discounts, VIP benefits, and governance participation. Coincall supports its users through email and social media, emphasizing education and institutional-grade features to satisfy both retail and professional traders.

AspectInformation
Exchange NameCoincall
Registered Country/AreaChina
Founded Year2023
Regulatory AuthorityUnregulated
Cryptocurrencies Available2.4M+ (includes Spot, Options, and Futures contracts)
FeesOptions & Futures: Vary by product (0.02% - 0.10%), capped at 12.5% of option's price. Spot: 0.1% maker, 0.1% taker. See website for details.
Payment MethodsN/A
Customer SupportEmail at vip@coincall.com or social media

Overview of coincall

Coincall, established in 2023 and based in China, is a

cryptocurrency

exchange specializing in options and futures trading, offering over 2.4 million digital assets. Despite being unregulated, it attracts traders with competitive fees—ranging from 0.02% to 0.10% for options and futures, capped at 12.5% of the option's price, and a flat 0.1% for spot trading. The platform's native token, CALL, provides trading fee discounts, VIP benefits, and governance participation. Coincall supports its users through email and social media, emphasizing education and institutional-grade features to satisfy both retail and professional traders.

Pros and Cons

ProsCons
Focus on options & futures tradingUnregulated exchange
Competitive feesLimited customer support options
Large number of cryptocurrencies (2.4M+)
CALL token with trading benefits

Pros:

  • Focus on Options & Futures Trading: Coincall satisfies experienced traders by offering a variety of options and futures contracts alongside spot trading. This allows for more complex trading strategies and potentially higher returns (and risks).
  • Competitive Fees (Options & Futures): Their fee structure seems attractive, especially for options and futures traders, with rates potentially lower than spot trading. This can be a significant benefit for active traders.
  • Large Number of Cryptocurrencies (2.4M+): Coincall boasts a vast selection of cryptocurrencies, including popular options and potentially lesser-known tokens. This provides a wide range of trading opportunities for users.
  • CALL Token with Trading Benefits: Holding CALL, Coincall's native token, grants users various benefits like discounts on trading fees and potential voting rights on the platform's future. This incentivizes user participation and loyalty.

Cons:

  • Unregulated Exchange (information suggests): The lack of information regarding Coincall's regulatory status is a major concern. Unregulated exchanges may be more susceptible to fraud or manipulation, posing a higher risk for user funds.
  • Potentially Limited Customer Support Options: The information provided only mentions email and social media for support. Limited access to reliable customer support can be frustrating for users encountering issues.

Regulatory Authority

Coincall's regulatory status is not provided. Regulation in the

cryptocurrency exchange

space varies greatly worldwide. Unregulated exchanges can be riskier for users as they may lack consumer protection measures and be more susceptible to fraud or manipulation. Traders should prioritize using exchanges with clear regulatory oversight and a proven track record.

Security

Coincall prioritizes user asset security by storing all funds with regulated third-party custodians like Copper and Cobo. These custodians employ advanced technologies like Multi-Party Computation (MPC) to further enhance security and reduce counterparty risk. This approach eliminates the risk of Coincall itself holding user funds, potentially mitigating the risk of internal theft or insolvency.

Cryptocurrencies Available

Coincall offers trading in a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), and many more. They also offer options and futures trading on some of these cryptocurrencies.

Trading Market

CurrencyPairPrice (USDT)Change (24h)+2% Depth-2% DepthVolume (USDT)
BitcoinBTC/USDT61,698.130.0143N/AN/A5,869,189.18
EthereumETH/USDT3,400.020.0104N/AN/A2,471,932.03
CALLCALL/USDT0.1978-2.08%N/AN/A1,053,598.93
XRPXRP/USDT0.4737-0.84%N/AN/A221,297.20
SolanaSOL/USDT137.760.0228N/AN/A679,882.90
DogecoinDOGE/USDT0.125870.0011N/AN/A130,515.36
PolkadotDOT/USDT5.8890.0141N/AN/A46,569.49
AvalancheAVAX/USDT25.930.0314N/AN/A81,077.73

Fees

Coincall's fees vary by product and transaction type, with specific rates for options, futures, and spot trading.

For options trading, fees are calculated as the minimum between the product of the trading fee rate, the index price, and the contract unit or 12.5% of the option's price, multiplied by the option size.

For futures, the fee is the product of the number of contracts, trade price, and fee rate, while for spot trading, it is the product of the number of tokens, trade price, and fee rate.

Additionally, a delivery fee applies when options are exercised, calculated as the minimum between the product of the delivery fee rate, settlement price, and contract unit or 12.5% of the difference between settlement and strike price, multiplied by the position size.

ProductMaker Fee RateTaker Fee Rate
Options (BTC/ETH)0.03%0.08%
Options (Altcoin)0.02%0.06%
Futures (ALL)0.03%0.06%
Spot (ALL)0.10%0.10%

Delivery Fees (Options only)

TypeFee Rate
DailyFree
Weekly/Monthly/Quarterly0.02%

Services

Coincall is a

crypto exchange

platform offering options and futures trading. They are launching their own token called CALL which can be used for trading fees and will be the base for their upcoming DEX (decentralized exchange). This DEX will allow for cross-chain trading and aims to solve liquidity issues with AMMs (automated market makers) by aggregating orders from multiple platforms. The DEX is expected to launch in 2024.

Coincall APP

The Coincall app allows you to hold CALL, their native token, which grants benefits like discounts on trading fees, VIP privileges, and voting rights on the future of the Coincall ecosystem. You can also use CALL to pay gas fees on their DEX (decentralized exchange) and potentially gain priority access to new investment opportunities.

Is Coincall a Good Exchange for You?

Coincall is ideal for crypto options traders due to its specialized fee structure, CALL token incentives, and educational resources focused on options trading.

Coincall is a cryptocurrency exchange that offers options and futures trading, making it suitable for traders who are interested in these derivatives products. It also has a native token, CALL, which can be used for trading fee discounts, VIP benefits, and voting governance. This could make it attractive to traders who want to be involved in the governance of the platform and earn rewards.

Retail traders should utilize Coincall Academy for educational resources, start with small trades, and use CALL for discounts. Professional traders can benefit from VIP services, OTC trading, margin trading, and governance rewards through CALL.

FAQs

Q: What cryptocurrencies can I trade on Coincall?

A: Coincall offers a variety of popular cryptocurrencies for spot trading, with a focus on options and futures contracts for major coins like Bitcoin and Ethereum.

Q: What are the fees for options and futures trading?

A: Fees vary depending on the product and whether you are a maker or taker in a trade. Options and futures generally have lower fees than spot trading.

Q: What are the benefits of holding CALL tokens?

A: CALL holders enjoy benefits like trading fee discounts, VIP privileges, and voting rights on the future of the Coincall ecosystem. You can also use CALL to pay gas fees on their upcoming DEX.

Q: Is Coincall a good exchange for beginners?

A: Coincall's focus on options and futures makes it a better fit for experienced traders comfortable with derivatives. They do offer educational resources.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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