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Title: Does Coinhako Buy/Sell Crypto as Market Maker or through other buyers/sellers? Post by: realitymagi on February 28, 2020, 07:06:43 AM When I buy or sell crypto on Coinhako, am I buying and selling directly with other buyer/sellers on the exchange, or am I buying/selling with Coinhako as the market maker?
I asked them this question but I received no reply from them. Anyone knows the answer? They don't have Order Book or Limit Order btw. Title: Re: Does Coinhako Buy/Sell Crypto as Market Maker or through other buyers/sellers? Post by: SFR10 on March 01, 2020, 06:06:16 PM When I buy or sell crypto on Coinhako, am I buying and selling directly with other buyer/sellers on the exchange, or am I buying/selling with Coinhako as the market maker? I'm not one of their users but did a little bit of digging and based on the following quotes, I strongly believe it's the latter one [market maker]:Quote from: https://archive.fo/PEi5r#selection-539.0-539.68 Our prices are set based on rates from Cryptocurrency Market Makers. Quote from: https://archive.fo/FETQu#selection-421.0-421.46
Quote from: https://www.coinhako.com/otc Fulfill large volume BTC & blockchain trades in a single order with us. Title: Re: Does Coinhako Buy/Sell Crypto as Market Maker or through other buyers/sellers? Post by: hugeblack on March 01, 2020, 07:52:20 PM I do not advise you to trust them. There are many conflicting things about their site, and the reviews are not positive.
Not answering from the support team is another negative indication, therefore, if they cannot answer you in a small inquiry, how can you trust them with a lot of money. Title: Re: Does Coinhako Buy/Sell Crypto as Market Maker or through other buyers/sellers? Post by: joniboini on March 02, 2020, 01:50:07 AM Use another exchange if you can. Their lack of clarity might give you some trouble later. Such as bad rates, high fees etc.
To be honest, their website design is not that great either. I'm seeing similar stock images that ICOs projects used. |