Coinstore

Coinstore is a global cryptocurrency exchange known for its user-friendly interface and extensive range of digital assets. Founded in 2020, Coinstore offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The platform boasts competitive trading fees, robust security measures, and 24/7 customer support. Coinstore provides both spot and futures trading, catering to various investment strategies. Users can access the platform via web and mobile applications, ensuring seamless trading experiences across devices.

Pros & Cons

Coinstore excels in these areas:

• You can transact freely without limits or minimum requirements on Coinstore.
• Enjoy cost-effective trading with low fees on this platform.
• Its user-friendly interface suits beginners and experienced traders alike.
• Coinstore offers both spot and future markets for your trading preferences.
• With a selection of over 100 coins, you have plenty of options to choose from.
• Offering a standalone mobile app for users to trade on-the-go.

Coinstore lacks in these areas:

• This exchange lacks regulation, which can impact oversight and user protection.
• Margin trading isn't available here for leveraging your trades.
• The speed at which new coins are added is notably sluggish.
• Customer support responses tend to be delayed, affecting assistance availability.

What does the Exchange Focus on？

Security

Coinstore prioritizes security with advanced measures to protect users' assets and data. The platform employs multi-signature wallets, two-factor authentication (2FA), and encrypted communication. Regular security audits and a dedicated team ensure system integrity and prevent breaches. Additionally, Coinstore's robust insurance policy provides an extra layer of protection for user funds, enhancing overall trust and reliability.

Best Exchange/Pros

Coinstore offers several advantages: a user-friendly interface, a wide range of cryptocurrencies, competitive trading fees, and robust security measures. The platform supports both spot and futures trading, catering to various investment strategies. Additionally, 24/7 customer support and accessible web and mobile apps enhance the trading experience.

Trading Fees

The Coinstore fee structure is simple. The exchange charges a 0.2% fee for both makers and takers on its spot markets. On its futures markets, Coinstore charges a 0.025% fee for makers and 0.06%.

APP Introduction/Download Address

The Coinstore app offers a seamless trading experience on the go, providing access to a wide range of cryptocurrencies. It features real-time market data, advanced charting tools, and secure wallet integration. The app supports both spot and futures trading, ensuring flexibility for various investment strategies. Available for iOS and Android, download the Coinstore app from the Apple App Store or Google Play Store for easy and secure trading anywhere, anytime.

Buy

Registration & Login

Registering and logging in to Coinstore is straightforward. To register, visit the Coinstore website or open the app, then click “Sign Up.” Enter your email address, create a strong password, and verify your email through the confirmation link sent to your inbox. For added security, enable two-factor authentication (2FA).

To log in, click “Log In” on the website or app, enter your email and password, and complete the 2FA if enabled. Once logged in, you can access your account dashboard, deposit funds, and start trading.

APP Android - How to Buy？

To purchase on the Coinstore app for Android, follow these steps:

Download the App: Install the Coinstore app from the Google Play Store.

Register or Log In: Open the app, register for a new account or log in if you already have one.

Deposit Funds: Go to the “Assets” section, select your preferred payment method, and deposit funds into your account.

Buy Cryptocurrency: Navigate to the “Market” tab, choose the cryptocurrency you want to buy, enter the amount, and confirm your purchase.

APP Apple - How to Buy？

To purchase on the Coinstore app for an iPhone, follow these steps:

Download the App: Install the Coinstore app from the Apple App Store.

Register or Log In: Open the app, register for a new account or log in if you already have one.

Deposit Funds: Go to the “Assets” section, select your preferred payment method, and deposit funds into your account.

Buy Cryptocurrency: Navigate to the “Market” tab, choose the cryptocurrency you want to buy, enter the amount, and confirm your purchase.

ATM - How to Buy？

To purchase using a Coinstore ATM:

Find a Coinstore ATM: Locate the nearest Coinstore ATM.

Create a Wallet: If you don't have one, create a cryptocurrency wallet.

Select Buy Option: Choose the “Buy” option on the ATM.

Scan Wallet QR Code: Scan your wallet's QR code.

Insert Cash: Insert the desired amount of cash.

Confirm Purchase: Complete the transaction.

Trading Notes

Credit Cards/Bank Savings Cards Supported for Exchange Coin Buying

Coinstore only allows deposits and withdrawals in cryptocurrencies, and deposits charge no fees. When using CoinNetwork, depositing and withdrawing tokens have different fees. For instance, taking out “otd” costs 0.0008, while pulling out BTC is 0.3682 and putting it in is 0.2209. Putting ERC20 tokens in is 0.119, and taking them out is 0.076. Withdrawing LTC is 0.00016, depositing XRP is 2.696, and withdrawing is 1.6. For DASH, it's 0.0351 to take out, while NXS is 0.0328. Depositing TRX and OMNI costs 5, depositing “heco” is 10, and withdrawing it is 6. USDTBEP20 deposits are 1, and taking them out is 3. Lastly, withdrawing SOL costs 0.01. Always keep these fees in mind for your CoinNetwork moves.

Exchange Support ATM Introduction

Coinstore supports ATMs for cryptocurrency transactions, allowing users to buy and sell digital assets conveniently. Locate a Coinstore ATM, follow the prompts to complete transactions securely, and manage your crypto portfolio on the go.

Minimum Purchase Amount

Coinstore's minimum purchase amount for cryptocurrencies varies depending on the specific digital asset and current market conditions.

Best Way to Trade

The best trading approach on Coinstore involves researching market trends, setting clear investment goals, and using limit orders for precise entry and exit points. Regularly monitor price movements and consider diversifying your portfolio to manage risk effectively.

Trading Days/Trading Hours

Coinstore operates 24/7, allowing users to trade cryptocurrencies anytime. This around-the-clock availability ensures flexibility for global markets and accommodates different time zones, enabling continuous trading opportunities.

Trading Fees

Coinstore charges a trading fee of 0.1% per transaction for both spot and futures trading. Deposit fees are typically free, while withdrawal fees vary by cryptocurrency. These fees ensure competitive pricing and transparent trading costs for users.

Trading Markets

For the latest market conditions on Coinstore, check the platform's real-time data and charts. It provides updates on cryptocurrency prices, trading volumes, and market trends, aiding informed decision-making for traders and investors.

Products/Services

Exchange APP Support Services/Products

The Coinstore trading app offers a comprehensive suite of services and features designed for cryptocurrency enthusiasts. Users can access real-time market data, advanced charting tools, and secure wallet integration for managing digital assets. The app supports both spot and futures trading, allowing users to execute trades with ease.

About Wallet Usage

Coinstore's wallet provides secure storage for cryptocurrencies. Users can send, receive, and manage their digital assets directly within the platform.

Details of Borrowing Coins to Buy/Pledge Coins

Coinstore does not currently offer borrowing to purchase or collateralizing cryptocurrencies. Users primarily engage in spot and futures trading, utilizing available funds in their accounts to buy and sell digital assets. The platform focuses on providing a secure and efficient trading environment without lending or borrowing features.

Is Coinstore a Good Exchange for You？

Coinstore may be a good exchange for traders in the following types:

• Traders who want to explore a large selection of cryptocurrencies for trading.
• Traders who want to experience crypto trading in both spot and future markets.
• Traders who are looking to start with a modest investment.

Conclusion

In a nutshell, Coinstore brings benefits like no transaction limits and low trading fees. It's beginner-friendly with a simple interface and offers spot and future markets for over 100 coins. But remember, it's not regulated, lacks margin trading, and withdrawal fees vary by coin. Keep in mind, while it's easy to use, customer support and coin listing can be slow. The final call is yours on whether to use this exchange or not

Frequently Asked Questions (FAQs)

What is coinstore？

Coinstore is a centralized cryptocurrency exchange established in 2020 and is registered in Singapore.

What is the most active trading pair on coinstore？

ETH/USDT is currently the most active trading pair on Coinstore, and saw $ 44.46M in trading volume in the last 24 hours.

How do you put money in Coinstore？

You can fund your account on Coinstore by depositing cryptocurrency.

Can I deposit fiat on Coinstore？

No, you cant deposit fiat currency on Coinstore. This means that Coinstore is designed for users who already own some cryptocurrency.

What are Long and Short Positions？

Cryptocurrency trading is like a game of “buy low and sell high.” Contract transactions are a way to make money whether the market goes up or down. Long and short trading is a bit like being optimistic (buying long) or pessimistic (selling short). Unlike regular trading, in digital asset trading, you can decide to bet on prices going up (long) or down (short) as the market changes.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. 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.