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Friday, September 17, 2021

Coinhako.com Exchange Review: Is Coinhako Scam or Legit Exchange?

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About Coinhako.com

Coinhako.com is a digital assets wallet service for consumers to buy, sell and secure their digital assets. Originally founded in Silicon Valley, they are based in Singapore as goal is to serve Asia. Coinhako is an all-in-one cryptocurrency provider as a pockets and exchange. It pursuits to provide extra convenience, higher fees and more potent safety than different services.

In addition to aggressive fees and occasional fees, the Coinhako pockets is likewise a especially stable and handy manner of storing your cryptocurrencies. This is due to the fact finances in a Coinhako pockets are professionally secured and held offline in bloodless storage, despite the fact that you could nonetheless get admission to them.

ExchangeDetails
Exchange NameCoinhako
Exchange TypeCryptocurrency
Withdraw Fee0.0006 BTC
Deposit FeeFree
Taker Fee0.2%
Maker Fee0.2%
Support24/7
 Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Coinhako Trading fees

Some top crypto exchanges offer flat trading fees instead of making a difference between who is the maker and who is the taker of each trade. Usually, you say that such exchanges’ trading fees are “flat”. Coinhako offers a flat trading fee of 1.00%. This fee is way above the industry average. The industry average is arguably around 0.25%. One should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of having a trading fee almost four times higher than industry average.

Coinhako Withdrawal fees

Coinhako.com Exchange are a few exchanges out there that lure you in with competitive trading fees, but then hit you on the way out with hefty withdrawal fees. One could argue that Coinhako almost qualifies to be such an exchange, but without having the competitive trading fees… This is because if you withdraw BTC here, you pay a fixed withdrawal fee amounting to 0.002 BTC. The global industry average BTC-withdrawal fee is 0.000812 BTC (60% lower than what Coinhako charges).

Deposit Methods

Coinhako Exchange previously only offered wire transfer as a possible fiat currency deposit method, but as of 12 January 2021, they also accept credit and debit card deposits. When launching the credit and debit card functionality, Coinhako made sure that their users could buy crypto directly without having to fund their respective Coinhako SGD wallets. This means skipping the wait time for deposits to be credited to the relevant user’s Coinhako account and striking while the market is hot.

Coinhako Features

Secure digital wallet

Coinhako.com Exchangeimplement industry best security practices to secure your Bitcoin and digital currencies.

Trade crypto on the go

Buy, sell and manage Bitcoin and other digital currencies on Android and iOS devices.

Asia’s trusted digital platform

Established in 2014, Coinhako Exchange is one of the most recognised wallets in Asia.

Buy, sell & swap digital assets easily

Trade all your favourite digital currencies instantly, at spot price.

Easy wallet funding

Top up your account with your local currency and start trading.

Simple & secured digital wallet

Coinhako.com Exchange Manage your digital assets in a multi-functional wallet that implements best security practices, but is also renowned for simplicity.

Coinhako customer service

You can submit a request for support on the Coinhako website or you can make general inquiries at [email protected]

Coinhako security

A Coinhako wallet may be one of the most secure ways to hold cryptocurrency. This is because you get professional security for your wallet.

  • 99% of funds are held in cold storage. Coinhako holds at least 99% of its customers’ cryptocurrency in a cold wallet at all times. This means it’s offline and much better protected from thieves or hackers. Even if someone does manage to electronically break into Coinhako’s systems, they will only be able to access a small fraction of users’ funds.
  • Two-factor authentication is required. Coinhako ensures a high level of security for its users by requiring two-factor authentication.
  • Experienced consultants protect the service. Some of Singapore’s top cybersecurity consultants work at Coinhako and use their experience to keep the service and its users secure.

Coinhako Exchange Review

7.6

CURRENCY VERITY

7.0/10

REPUTATION

8.5/10

CUSTOMER FEEDBACK

7.5/10

CUSTOMER SUPPORT

8.0/10

DESIGN

7.0/10

Pros

  • Accepts Fiat deposits
  • No charge for deposits
  • Wallet service

Cons

  • High trading fees
  • Only available for Singapore and Malaysia
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Coinhako Exchange Review

7.6

CURRENCY VERITY

7.0/10

REPUTATION

8.5/10

CUSTOMER FEEDBACK

7.5/10

CUSTOMER SUPPORT

8.0/10

DESIGN

7.0/10

Pros

  • Accepts Fiat deposits
  • No charge for deposits
  • Wallet service

Cons

  • High trading fees
  • Only available for Singapore and Malaysia