Young but promising exchange Cobinhood has already gained popularity among users, despite their young age.
The service was open in 2017, but managed to gain popularity thanks to the unique structure and availability of many functionals.
The main strong point of the exchange is zero fee transactions with cryptocurrencies.
The platform concept is to provide convenient schemes of trading and maximise the profits of capturegraph.
Service modernizarea and improving still. Now available the scheme of spot trading and margin trading, and for the last set leverage to 10 X while there is always a zero Commission.
General information about the service
Official website — https://cobinhood.com.
- Date of Foundation of the platform – August 2017;
- Country of incorporation – Cayman Islands;
- Number of currency pairs – more than 20;
- Daily turnover was more than $3.3 million per day (the 14th place among exchanges without commissions).
- The total number of markets in pairs — 119;
- The fee for domestic transactions is not available;
- Ways output and input – cryptocurrency wallets;
- The number of languages – 13 (Russian version);
- The mobile application is available for iOS and Android.
On the official page of the service indicates that the exchange does not charge any fees for spot trading.
In addition, with a fee for the withdrawal of scriptaction. On the page shows the detailed fees at the conclusion of scriptactive.
In addition to all this crypto currency exchange has its own internal cryptocurrency COB .
skip to content ↑
The order of registration to Cobinhood
The procedure of registration standard. You must specify a working email address, create a strong password and verify your account in Cobinhood.
Attention! When registering, specify user-friendly language (have Russian version), or another suitable. In your mailbox, confirm your account by clicking on the button in the email “Activate your account”. The service warns that registration is available for those living in Japan, including residents and non-residents, and not allowed to register living in new York.
At the end of the procedure, after confirming your account, the service will redirect you to the marketplace.
The first thing you will need to fill in all the fields of the section “Account”. In the upper right corner of the screen, expand the tab and find the item.
Next you will be revealed here is, where in the upper part will be an additional control panel.
Open three tabs.
- Tab “Profile”. You can change the current password for secure login to the site.
- The “Security” Tab. The user can in this section to connect the disposable options verification using SMS password for login and two-factor authentication.
- Tab “Limits”. Party Cobinhood may receive additional verification to be able to withdraw per day from 100 BTC and above. The lack of authentication gives the right to remove up to 3 BTC in 24 hours. The verification process in the section “the Limits” optional, is a recommendation. The whole procedure of identifying the user is displayed in the section, the points “provided – confirmed — approved”.
To work effectively with Cobinhood, we need a secure and reliable two-step verification.
To do this, go to the tab called “Security“. Click on the “enable” button, which is located opposite of the working field “Google authentication”.
Now scan from the screen of the PC monitor or gadget QR code and enter the appropriate code from the application.
All of these actions will need to be confirmed in a letter dated Cobinhood, which will be sent by e-mail.
skip to content ↑
Deposit funds on Deposit exchange
To make a Deposit, please go to the “Tools“which is in the menu next to “Account“.
Find in the table of interest for work at the site crypto-currency and activate the option “Deposit“.
Next you will see QR-wallet Deposit address and a character option.
skip to content ↑
The principle of doing trading exchange Cobinhood
On the stock exchange determined minimum input the total amount to make a Deposit in the amount of $30 per transaction.
The transactions of purchase and sales are made on the tab “Exchange“. Proceed to the tab menu, there is where the “Tools” and “Account“.
You get into the trading interface the trading terminal, which shows the current status of trading on Cobinhood.
In the information part of the panel available information on the current state of the market, according to the latest price of scriptactive, the data of daily volume and the maximum and minimum threshold trading prices.
You need a token you can find by clicking on the button “Select a market“.
Here you can also choose a pair for trading.
The listing is a pair that you can perform transactions to sell/buy. You must click on the couple.
The right side is the “Form orders“. Here the trader can at his discretion adjust the sale and purchase tokens.
There are two groups of trading – “Limit” and “market“. Under “Limit” you decide and put up the price.
In the section “market” — the price of each working position is set in automatic mode, and therefore passes the instant the sale and purchase of tokens.
Clicking on a green circle, you define the maximum possible number of buy tokens, a red circle is used for sale.
To make a trade, you must select the order type. Specify the price and the desired quantity of each token. Next you need to apply, based on your actions, click “trading BUY” or “trading SELL“. skip to content ↑
The order of withdrawal from the stock exchange Cobinhood
The system of withdrawal of funds from the stock exchange Cobinhood has distinctive characteristics from other services of a similar focus.
In order to withdraw funds you need to initially configure the addresses of the output. Some users find that this option is very difficult to exchange.
In fact, the developers have complicated the procedure for users to be safe and protected from cyber threats.
Go to the tab control the tab “Tools” (located in the General menu of the website of the stock exchange), looking for the section “List of addresses to print”.
Here you need to decide on currencies that will make a withdrawal of earned funds with Cobinhood.
Further, in the field “Label“, you must enter any necessary information for yourself (any). In the field “Address” enter the desired address. Then confirm the action by pressing the button “Add“.
All actions reaffirm the QR code after pressing the button “Add“, confirmation after receiving the letter on e-mail address.
Next, go back to the tab “Deposit and withdrawal“.
Here, opposite the buttons, which we tied listed business address is activated, the button called “Output“.
Next, specify the desired number of scriptaction that are available to you for withdrawal.
Do not forget that the platform charges a fee only for removal and not for operations of trading. It is necessary in the fields of withdrawal agree with the Commission and press “Confirm“.
Now you have to wait for transfer of funds to the wallet.
skip to content ↑
About the interface Cobinhood
The overall impression of the interface has one unpleasant moment he’s a little overwhelmed.
Judging by the functional interface Cobinhood, it is more appropriate not to the beginner and the expert who needs to have everything on the desktop.
The disadvantage of using interface is that you cannot disable the various Windows, which, in principle, the novice, the experienced trader does not need at the moment.
However, the total panel polnoformatnyj and has all the necessary management tools, including graphs, tables, etc.
It is possible to track dynamics of work of crypto currency exchange in the last 24 hours, or over any selected time interval.
For the convenience of users, all of the current options prices for cryptosytem converted into $.
All settings are analytical and work schedules have minimized management standards.
You can choose any a time timeframe (from 1 minute to 31 days); a large selection of candles; options to switch between IDs Volume, MACD and RSI.
For initial login, the default working of the service structure configured options moving average type — EMA (26) and EMA (12).
If you need more information and more tools, go to the tab TradingView.
In General, the user can use these Windows control (not switchable):
- Stock market graphs.
- The list of available orders.
- Istria on the recent operations.
- The order book (there is glasses and the depth of the market).
- Full list of trading pairs.
- The option of creating a form for orders.
- The current view of a user’s balance.
Novice trader you need to configure the functionalities of the service for yourself, in the future will be easy to navigate.
Judging by the reviews on the stock exchange Cobinhood — cooperation is positive, although users noted a number of shortcomings.
The disadvantages include a small number of currency pairs, don’t like fixed fee for removal, weak indicators of trading, as well as severe congestion of the home page.
The positive aspects include an excellent interaction mezhdunardnogo arbitration, great security system for each user, prompt replies and support.
The lack of a regime for the regulation confuses some users of the site, but the developers never mention that in the future this problem will be solved.