coingi.com

Overview of coingi.com

Coingi.com is a cryptocurrency exchange founded around 5-10 years ago, registered in China. Operating without a specific regulatory authority overseeing its activities, Coingi.com presents potential concerns regarding transaction security and accountability. Security measures on the platform include encryption protocols, two-factor authentication, and user-driven security actions. With 103 available cryptocurrencies including Bitcoin, Ethereum, and Tether, Coingi.com caters to a diverse range of trading options. The fee structure involves a maker fee of 0.10% and a taker fee of 0.20% for BTC trading pairs. Educational resources such as FAQs and tutorials assist traders, while customer support is accessible through email and social media channels.

Pros and cons

Coingi.com offers relatively low maker fees (0.10%) and supports various deposit methods such as bank transfers, credit cards, debit cards, and PayPal. It provides diverse trading options, including limit and market orders. As a well-established exchange since 2013, it allows anonymous trading. However, there are higher taker fees (0.20%) compared to some competitors, and withdrawals to bank accounts might take up to 3 days. The exchange lacks cryptocurrency rewards programs and regulation by major financial authorities. Customer support has faced criticism.

Regulatory Authority

The regulatory situation of Coingi.com exchange is that it does not have a specific regulatory authority overseeing its operations. This means that there may be a lack of external oversight and regulation, which could potentially raise concerns about the safety and security of transactions.

The disadvantages of an unregulated virtual currency exchange include:

1. Potential lack of accountability: Without regulatory oversight, there may be less accountability for the exchange's actions. This could result in issues such as potential market manipulation or fraudulent activities.

2. Increased risk of hacking and security breaches: Unregulated exchanges may not have the same stringent security measures in place as regulated ones. This can make them more vulnerable to hacking and security breaches, putting users' funds at risk.

3. Lack of consumer protection: Regulatory authorities often provide consumer protection measures, such as insurance or compensation schemes, in the event of losses or disputes. Without these protections, traders may have limited recourse if something goes wrong.

To mitigate the risks associated with trading on an unregulated exchange, it is recommended that traders:

1. Conduct thorough research: Before choosing an exchange, traders should research and assess its reputation, security measures, and track record. It is important to only use exchanges that have a proven track record of reliability and security.

2. Use cold storage wallets: To protect their funds, traders should consider using cold storage wallets, which are offline devices specifically designed to secure cryptocurrencies. This adds an extra layer of protection against hacking and security breaches.

3. Diversify investments: Spreading investments across multiple exchanges and cryptocurrencies can help minimize potential losses in the event of a security breach or other issues with a particular exchange.

4. Stay informed: Traders should stay updated on the latest developments, news, and regulatory changes in the virtual currency market. This can help them make informed decisions and adapt their strategies accordingly.

5. Consider using regulated exchanges: If possible, traders may opt for exchanges that are regulated by reputable authorities. These exchanges are typically subject to strict security and operational standards, providing a higher level of confidence and protection for traders.

Security

Coingi.com implements security measures to protect user funds and information. The platform employs industry-standard encryption protocols to secure data transmission and storage. Additionally, Coingi.com utilizes various security measures, such as two-factor authentication, to enhance the security of user accounts. These measures help prevent unauthorized access and protect against potential security breaches. It is important for users to also take their own security precautions, such as using strong passwords and enabling additional security features.

Cryptocurrencies Available

Coingi offers a total of 103 cryptocurrencies, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• XRP (XRP)
• Chainlink (LINK)
• Dogecoin (DOGE)
• Uniswap (UNI)
• Polkadot (DOT)

  The listing speed is not publicly available, but the prices, volume, and market cap range from $0.00000001 to $88,784.14, 0 to 244,228,697, and 0 to $1.98T respectively.

How to open an account？

The registration process for Coingi.com can be summarized in the following steps:

• Visit the Coingi.com website and click on the “Register” button. Provide your email address and create a secure password.
  

2. Verify your email address by clicking on the verification link sent to your registered email. This ensures the validity of your email address.

3. Complete the identity verification process by providing your personal information, such as your full name, date of birth, and residential address. This is necessary to comply with anti-money laundering (AML) and know your customer (KYC) regulations.

4. Upload the necessary identification documents, such as a copy of your passport or driver's license, to verify your identity. These documents are required for authentication purposes.

5. Once your identity is verified, you can set up additional security measures, such as enabling two-factor authentication (2FA) for your account. This adds an extra layer of protection to ensure the security of your account.

6. After completing these steps, your Coingi.com account will be activated, and you can start depositing funds and trading cryptocurrencies on the platform. It is important to note that some features or services may require additional verification or documentation.



Fees

Coingi charges a maker fee of 0.10% and a taker fee of 0.20% for BTC trading pairs. The maintenance fees are 0.0005% and 0.0001%.

Volume (BTC)	Taker Fee	Maker Fee
Up to 100	0.20%	0.10%
100 to 1000	0.18%	0.08%
1000 to 10000	0.16%	0.06%
Above 10000	0.14%	0.04%

Payment Methods

Coingi charges a 0.2% trading fee. The deposit fees are 5 USD for USD and 1 EUR for EUR. The withdrawal fees are 0.001 BTC for BTC, 0.1 PPC for PPC, 1 EUR for EUR, and 10 USD for USD. There are no deposit fees for CZK.

Payment method	Buy	Sell	Add cash	Cash out	Speed
Bank transfer	Yes	Yes	Yes	Yes	1-3 business days
Credit card	Yes	No	No	No	Instant
Debit card	Yes	No	No	No	Instant
PayPal	Yes	Yes	Yes	Yes	Instant
SEPA	Yes	Yes	Yes	Yes	1-3 business days
Instant Bank Transfer	No	Yes	No	Yes	Instant



Educational Resources

Coingi.com provides educational resources and tools to assist users in their virtual currency trading. The platform offers an FAQ section on the website, which contains answers to commonly asked questions related to account setup, trading, and security. Additionally, Coingi.com may offer tutorials, guides, or blog posts on topics such as cryptocurrency basics, trading strategies, and market analysis. These resources aim to help users understand key concepts, navigate the platform, and make informed trading decisions.

Customer SUpport

Coingi.com offers customer support primarily through their dedicated Customer Service Email Address: support@coingi.com. They also maintain a presence on social media platforms like Twitter (https://twitter.com/coingi) and Facebook (https://www.facebook.com/coingi) to address user inquiries and concerns.

Compare to Other similar Brokers

Coingi.com offers 103 cryptocurrencies with a maker fee of 0.10% and a taker fee of 0.20%. In comparison, Binance provides 500+ cryptocurrencies with lower fees (maker: 0.04%, taker: 0.06%), while Kraken offers 60+ cryptocurrencies with fees at 0.16% (maker) and 0.26% (taker). Coinbase lists 100+ cryptocurrencies with higher fees (maker: 0.4%, taker: 0.5%). Coingi.com does not specify an account minimum, unlike Kraken ($50) and Coinbase ($25). While Binance offers promotions, Coingi.com, Kraken, and Coinbase have none.

Feature	Coingi	Binance	Kraken	Coinbase
Cryptocurrencies	103	500+	60+	100+
Fees	Maker: 0.10%; Taker: 0.20%	Maker: 0.04%; Taker: 0.06%	Maker: 0.16%; Taker: 0.26%	Maker: 0.4%; Taker: 0.5%
Account minimum	€10	None	$50	$25
Promotions	None	Free Bitcoin faucet; Refer a friend program	None	None

FAQs

Q: What is the minimum deposit amount on Coingi.com？

A: Coingi.com does not have a specific minimum deposit requirement. Traders can deposit any amount they prefer, as long as it meets the minimum transaction amount for the specific cryptocurrency they are trading.

Q: What are the trading fees on Coingi.com？

A: Coingi.com charges trading fees based on the trading volume of users. The fee structure is tiered, meaning that higher trading volumes result in lower fees. Traders can refer to the fee schedule on the Coingi.com website for detailed information on the applicable fees.

Q: Does Coingi.com offer mobile trading options？

A: Currently, Coingi.com does not offer a dedicated mobile trading application. However, the platform is accessible through mobile devices using a web browser, allowing traders to access their accounts and trade on the go.

Q: Can I trade on Coingi.com if I am not a resident of the supported countries？

A: Yes, Coingi.com is available to traders from various countries around the world. It is a global platform that allows users to trade cryptocurrencies and deposit funds using bank transfers or cryptocurrencies, regardless of their country of residence.

Q: How long does it take to withdraw funds from Coingi.com？

A: The withdrawal processing time on Coingi.com can vary depending on factors such as the chosen withdrawal method and the user's bank's processing time. It typically takes a few business days for funds to be credited to the user's bank account, while cryptocurrency withdrawals are usually processed quickly.

Q: Does Coingi.com offer customer support？

A: Coingi.com provides customer support services to assist users with their inquiries and issues. Users can contact the support team through email or submit a support ticket on the Coingi.com website. However, it is important to note that response times may vary, and the available support options may be limited compared to some other exchanges.