Hey, guys! I would like to address everybody who has experience of using COBINHOOD exchange.
This is the cryptocurrency exchange that charges 0 fees on trading. Has anybody already tried it? Is it really worth trading on this exchange? Are there any hidden terms?
Would be grateful to anybody who could share his experience.
I think it is worth a try with the fact that they have no fees. They do not seem to have any active complaints right now. People are saying that they have probably released their product a bit earlier than they should have, but that doesn't mean that they are not legit. I haven't tried them myself, but the promise of no fees is just too great. The spreads don't seem to be that high either. Best to try it out first, then comment on whether or not it's worth using. Use it with a small amount at first so that if anything goes wrong, you don't lose too much money. The withdrawal fees are a tad high but not unacceptable since they probably still haven't changed it since the transaction fees being so high. Thanks for the information. Definitely will try it, a little bit later. Yeah, but the important thing is that they establish the minimum amount that you can trade. If I am not mistaken it is 30$. |
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Ifthey don't have trading fee and they only charge for withdrawal fee then it is a good siteto exchage as it may have more chances to trade coin within that site, there are some exchanges that will charge trading fee that will cost a lot to trade. so if this site has less fees then it is good.
Thanks for the answer. Actually, I think the same, just wanted to get some advice from more experienced traders. |
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They have high withdrawal commission; 0.001 for BTC, 0.007 for ETH, 20 USD for USDT, the equivalent amount of 8.4 USD for ERC-20 tokens and the equivalent amount of 3 USD for QRC-20. They claim all these fees goto tx but recommended transaction fee for bitcoin or ETH is way lower than this one right now. But paying higher fees on withdrawal might not affect you as you can save lot on trading fee. I have also heard about this exchange but haven't tried them till now. Thanks for your answer. I think the same. I'd rather pay more for withdrawal but trade without any fees, thus getting more profit anyway. |
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Hey guys, I see at least some of you have experience using COBINHOOD. If it wouldn't bother you, I would like your attention at this topic https://bitcointalk.org/index.php?topic=3161613.0 Would be grateful to everybody who would share his experience. |
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Has anybody already tried it? I've never tried it and today is the first time I see this exchange Is it really worth trading on this exchange? as some have said, new exchange has low volume, they show their faces but they are not doing something to advertising their exchange so that it has many clients, so if I were you I would stay away from this exchange until they are popular Are there any hidden terms? What do you mean by "hidden terms" Yes, they have low volume yet but it doesn't bother me. I would like to know whether I can trust this exchange. It looks very beneficial trading on this exchange, `cause they don't charge any trading fees, and their design is nice as for me, but I would like to be sure that there aren't any problems with withdrawals, support and important stuff like this. By "hidden terms" I mean some other fees or high withdrawal fees. I heard that COBINHOOD was popular during its ICO but they made something that made their reputation worse. I don't recall what exactly. Maybe gave away too many tokens or smth. Also, they are situated in China and earn profit from conducting other companies' ICOs, but China banned this activity, and because of this people hesitate to trade there, I guess. Although, I visited their website ( https://cobinhood.com/home) recently and found out that they are currently holding ICO, which is quite popular today - MoxyOne, aiming to solve the problem of crypto to fiat exchange. |
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There are many exchanges available. The problem with the new or smaller exchanges is a lack of volume. You may not get the trade you want. I you check on coinmarketcap it is possible to see the volume of trades on each coin on each exchange.
Agree, their volume is still low - $2 284 015 (254,83 BTC). I heard that they were popular during ICO, but then something happened that they lost trust, something about giving away too much their tokens or something else...But I don't care much about the volume, I would like to know are there any problems with withdrawal or other hidden flaws. It looks very attractive to trade without paying trading fees. |
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Ukraine is a country in which good beginnings quickly turn into something very bad!) I think their goal is to take the mining out of the shadow, there is nothing more ...
Completely agree with you! And already wrote about it above. |
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Hey, guys! I would like to address everybody who has experience of using COBINHOOD exchange.
This is the cryptocurrency exchange that charges 0 fees on trading. Has anybody already tried it? Is it really worth trading on this exchange? Are there any hidden terms?
Would be grateful to anybody who could share his experience.
It looks like there's no one to trade with on that exchange. I don't think so. But if people stopped trading there, must be some good reasons. And I would like to hear from those who have real experience of using it. |
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Hey, guys! I would like to address everybody who has experience of using COBINHOOD exchange.
This is the cryptocurrency exchange that charges 0 fees on trading. Has anybody already tried it? Is it really worth trading on this exchange? Are there any hidden terms?
Would be grateful to anybody who could share his experience.
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Investing in something is always connected to risk, investing in ICO even more. But that's not the reason not to invest at all. If you are ready for a risk, then you can deal with trading, investing or cryptocurrency in general. If not, then it is not your activity, then do something else, because nobody can win big without a high-level risk. Just more attentive to details of the ICO you are going to invest in. Even good projects can become scams. Recently we experienced one of them, two weeks ago MyriadsIO disappeared and stole all the collected investments. So, beware!
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Attention, guys!
I am from Ukraine and already heard this news. Of course mining today is a good and profitable thing, especially if you are mining altcoins. And sure thing, regulation of this sphere in my country is a good sign because it is already in the top list of countries, where the majority of the population is involved in crypto trading and mining. Our politicians use crypto trading and mining as a tool to hide their hidden revenues, but I am sure politicians and "whales" in other countries do the same.
But the thing is that legalization of mining in Ukraine is not only a good thing, there are two sides of the medal. Our government doesn't do anything for people if it doesn't bring them something in return. I am a lawyer myself and must warn everybody, that if somebody says there won't be taxation of any kind, they are completely wrong. If mining is going to be legalized and added to the list of legal economic activities, there will definitely be imposed taxations or any other fees. Every single economic activity, according to Ukrainian law, must be taxed and bring revenues to the state treasury. And knowing habits of our government, the fees can be quite high.
Legalization means adoption of the regulation of this economic activity, regulation means the possibility to protect your rights in court and be responsible for the infringement of rights and obligations, and once a government guarantees you the right to carry out this activity and be protected by the law, it imposes its rules, taxes and other fees for such guarantees.
That is why we should not build any illusions and rejoice at this event. We just have to carefully wait for further news and follow how things will go and what terms the government is going to adopt.
Electricity costs in our country truly are cheaper than in other countries, especially for wealthy people and foreigners, but for the local citizens with our small salaries, they are not that cheap at all. And certainly, we must not forget that legalization of mining very likely to increase these costs significantly or maybe for those who mine. But I am sure that costs won't remain at the same level.
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I think this merit system is a good idea, by itself. Because quality must always prevail over quantity. Higher rank definitely has to be earned through efforts and hard work, not through excessive spamming and flooding.
But actually, the system of merit rewarding is poorly considered, what results in regular infringements.
First, the majority of the bitcointalkers just send merits to each other encouraging only themselves.
For the second, it created "shadow" segment of the market, where the participants exchange or even sell merits, and that is very difficult to prove sometimes.
And the most significant flaw of this system is that the majority of active forum members work so hard, write a lot of decent information, initiate sometimes very actual discussions, share the ways of solving a lot of trading and other issues, but nobody ever appreciates their effort and don't even send a single merit. Why? That is quite easy to understand. The forum "whales" very rarely pay attention to "newbies'" posts (I mean not only newbie ranks) and often consider all their posts as useless junk because they already know the information provided by them, and the "whales" can't apprehend that the majority of other users don't know it and it is the useful information for others. Eventually, only the "whales" like Hero and Legendary don't need merits, they have lots of them, but they still reluctantly reward decent efforts of newcomers.
Talking about the others (Members, Full Members, Senior Members), they naturally don't wanna send their smerits because they also trying to reach higher ranks but in order to reach them, they have to collect plenty of them. And of course, they know very well how hard it is to receive a single merit, that's why nobody wants to share them, in order not to make this task easier for the others. "Why should I give it to somebody? I busted my **s out to get those merits (and rank) one by one, with hard work. Why should I pave the way for the others? It's not of my concern."
I think this system needs revision and amendments, taking into account all its flaws. My suggestion is that forum's moderators or other assigned users have to check other users' activity and contribution. If a user was active, useful for the forum, its quantity of posts exceeds the required for the next rank, such moderators or assigned users have to check their posts and participation in forum's discussions or problem solutions. And if this person finds his contribution valuable for Bitcointalk, then he might reward him with the required amount of merits (or part of it if its contribution or efficiency is still not enough) to reach the next rank if he really deserves it.
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I agree that Bitcoin makes altcoins useless, but in different kinda way. The majority of altcoins or even all of them are not independent. And not because of their nature or real dependence on Bitcoin, but because we make them dependent. That is the only reason why all the alts following Bitcoin when it downfalls. If everybody had understood that the majority of the altcoins are independent and self-efficient, these mass speculations concerning the future of Bitcoin wouldn't have affected other coins. And the market would have developed more stable and logically.
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