WHAT IS COBINHOOD?
Cobinhood is the world's first zero trading fee crytocurrency exchange platform. Zero trading fee here means that you are not charged any commision for trading on the website. This is a major differentiating factor between Cobinhood and other regular exchanges. Other exchanges such as Bittrex, Binance, Cryptopia, Yobit, HitBtc e.t.c charge a particular percentage for trading; for example, Binance charges 0.1% while Bittrex charges 0.25%. These charges seems very small but becomes very significant when you trade very large volumes.
SOME NOTABLE FEATURES OF COBINHOOD
Cobinhood has some great features, though most of them are regular features that other exhanges have. But they have some very unsual features too. Below is the list of some of the notable features, i will be talking about each of them briefly as much as i can.
- Referral Bonus
- Multi-Currency Trading Pairs
- CoinListing and ICO services
- Air Drops
- Two Factor Authentication for maximum security
- Intuitive trading area
REFERRAL BONUS
Not all exchanges have this particular feature at least the big one like Bittrex don't. I am not so sure though, even if it exists then its not well publicised.
Cobinhood's referral program is quite cool at least. you can earn some rewards by inviting your friends to register on the site and trade. How to go about this is also very simple. you just need to register and get your referral link, you can go ahead and share it on your various social media handles.
The rewards comes in stages though.
"STAGE 1 (1 ticket upon completion): When the referred user successfully registers an account and made at least 1 deposit transaction, both the referrer and the referred user can each get 1"
"STAGE 2 (10 tickets upon completion): When the referred user successfully passes the Level 2 account verification, both the referrer and the referred user will each get 10"
SECURITY CHECK
From my own point of view the security on the cobinhood website is okay, i think users don't need to worry about their tokens being stolen or the site being hacked. On login there is a captha verification to prevent unscrupulous login to user account.
Cobinhood encourages users to enable two factor authentication on their account. This is to ensure maximum security on user accounts
- SMS authentication: This authentication methods sends code to the users verified phone number to authenticate login and withdrawals.
- Google Authentication: This method makes uses of google Authenticator to generate code to authenticate login and withdrawals.
THE EXCHANGE AREA
The exchange area is quite very intuitive with beautiful charts. Their no special thing in their trading area that is not existing in other exchanges. Well, the green and red candlesticks is something to notice at a glance. The fonting is okay and everything is layed out properly. Though my reservation about the trading area is in terms of Theme. I would have love that i have the option of switching themes. Sometimes the black background gets boring.
DISCLAIMER
This shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money investing in crypto currencies. The information above is for educational and entertainment purposes only.
Check out my blog as i write more reviews on Cobinhoob, my name is @fassbender. I am a lover of steemit.