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Wednesday, December 6, 2023

Coinut Exchange Review: Coinut Is Legit & Secure Exchange

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About Coinut Exchange

Coinut is a cryptocurrency exchange from Singapore. However, the exchange is also regulated as an MSB (Money Service Business) in Canada. It has been active since 2013, which is almost since pre-historic times when it comes to the cryptocurrency industry.

How To Sign Up & Start Trading

Exchange NameCoinut Exchange
Exchange TypeCryptocurrency
Withdraw Fee  0.0004 BTC
Taker Fee0.10%
Maker Fee0.00%
Website Homepage

How To Sign Up & Start Trading

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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

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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.

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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.

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Coinut Trading fees

It is very important to always check the trading fees at any exchange you are interested in trading at. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Coinut doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”.

Coinut offers a trading fee for makers of 0.10%. This fee is below the industry average. Furthermore, the exchange does not charge any fees from makers at all. This is very competitive indeed and substantially better than the average offering in the industry.

Coinut Withdrawal fees

Coinut’s withdrawal fee is 0.0004 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.

All in all, this exchange’s fee levels are in line with, or even a bit below, industry average.

Deposit Methods

Coinut accepts wire transfer deposits, but not credit card deposits. As wire transfer deposits are permitted, this makes Coinut an “entry-level exchange”, where new cryptocurrency investors can take their first steps into the exciting cryptocurrency world.

Coinut Exchange Features

Wide Selection of Cryptocurrencies

Coinut supports a wide selection of cryptocurrencies, including well-known ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), in addition to a large number of alternative cryptocurrencies. Users may now trade and swap various cryptocurrencies on a single platform thanks to this.

Secure and Reliable

Coinut places a high priority on security and takes precautions to safeguard user funds and private data. The risk of theft and hacking is decreased by the use of industry-standard security procedures including two-factor authentication (2FA) and cold storage for cash.

Trading pairings

Users can trade one cryptocurrency for another using a range of trading pairings offered by Coinut. For illustration, the exchange rate between Bitcoin and Ethereum is shown as BTC/ETH. The availability of numerous trading pairs gives traders flexibility and choices.

User-Friendly Interface

Both novice and expert traders may easily explore Coinut thanks to its user-friendly and intuitive interface. To help customers make wise trading decisions, the trading interface offers real-time price charts, order books, and transaction histories.

Advanced Trading Tools

Limit orders, market orders, and stop-limit orders are among the advanced trading capabilities offered by Coinut. These tools enable users to automate trades, specify precise buying or selling criteria, and apply different trading methods.

Margin Trading

Trading with borrowed money can increase possible gains (or losses) thanks to Coinut’s margin trading capabilities. With a lesser initial capital investment, traders can access larger trading positions by using margin trading.

Mobile App

Users can access their accounts and trade cryptocurrencies on the go with Coinut’s mobile application, which is available for iOS and Android smartphones. The trading experience on the mobile app is comparable to that on the web platform, making it convenient for users.

Support for Fiat Currencies

Coinut enables deposits and withdrawals in fiat currencies, making it simpler for customers to convert between cryptocurrencies and conventional currencies like USD or SGD. This feature makes it easier for the bitcoin market and established banking systems to integrate seamlessly.

Integration via API

Coinut offers developers an API (Application Programming Interface) that enables them to include Coinut’s trading capabilities into their own programs or trading robots. Users may obtain market data, complete trades, and programmatically manage their accounts thanks to the API.

Affiliate Program

Coinut offers an affiliate program via which users can make money by recommending other people to the network. An extra source of income is made available to affiliates in the form of a share of the trading fees generated by the consumers they have recommended.

Coinut Conclusion

In conclusion, Coinut is a platform for exchanging cryptocurrencies that provides a number of features to make trading and exchanging cryptocurrencies easier. It accepts a large number of cryptocurrencies, including well-known ones like Bitcoin and Ethereum as well as a large number of alternative cryptocurrencies. Coinut places a strong emphasis on security and uses safeguards like two-factor authentication and cold storage to safeguard user funds and private data.

Both novice and expert traders can utilize the platform because of its user-friendly design, real-time price charts, order books, and transaction history. For users who want to trade with borrowed money, there are sophisticated trading instruments including limit orders, market orders, and stop-limit orders available.

The cryptocurrency market and conventional banking institutions can be seamlessly integrated thanks to Coinut, which also facilitates deposits and withdrawals in fiat currency. In addition, it has an iOS and Android mobile app that lets customers trade cryptocurrencies while on the go.

Coinut FAQ

What is Coinut?

Coinut is a cryptocurrency exchange platform that allows users to trade and exchange various cryptocurrencies.

Is Coinut a secure platform?

Yes, Coinut prioritizes security and implements measures such as two-factor authentication (2FA) and cold storage for funds to protect user accounts and assets.

Which cryptocurrencies are supported on Coinut?

Coinut supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many other altcoins.

Can I trade fiat currencies on Coinut?

Yes, Coinut supports fiat currency deposits and withdrawals, enabling users to convert between cryptocurrencies and traditional currencies like USD or SGD.

What trading features does Coinut offer?

Coinut provides features such as limit orders, market orders, stop-limit orders, and margin trading, allowing users to execute trades and implement various trading strategies.

Does Coinut have a mobile app?

Yes, Coinut offers a mobile application for iOS and Android devices, providing users with the convenience of trading cryptocurrencies on the go.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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