Coinexchange Cryptocurrency Exchange Review

Exchanges
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About CoinExchange

CoinExchange is a platform created in 2016 for trading alternative cryptocurrencies to Bitcoin, i.e. Altcoins. More than 300 cryptocurrencies are currently available on the site, with a total daily trading volume of $11,294,245.

Registration on the exchange

CoinExchange To start the registration process, you need to click on the “Register” button, which is located in the upper right corner of the site. After that a window will appear in which you need to enter the data specified there.

After filling in all the data, and clicking on the button “Register”, you will receive an email with a confirmation link. After you click on the link you will be redirected back to CoinExchange site, where you will be offered either to make a deposit or set up an account security.

First of all, it is recommended to secure your account on the exchange, and at least connect the two-step authentication.

Immediately after registration, you get straight to the personal account, which has the following sections:

  • Markets: this section where the cryptocurrency trading takes place;
  • Fees: in this section, you will learn about all trading fees;
  • Support: here you can ask questions to support service;
  • My account: in this section, you can find all functions to deposit and withdraw funds, as well as to make settings of your account.

When you enter the main “Markets” section, you will plunge into the real world of trading, and the night version of the exchange interface will contribute to this even more. At the top of this section you will see three filters, which you can adjust to sort the pairs you want. By clicking on one of the three filters you will open a chart, where you can adjust the chart period, the color and candlestick options.

Under the chart window, just like on any other exchange, there will be windows for placing orders. At CoinExchange, you can both buy and sell cryptocurrencies and tokens.

Deposit and Withdrawal CoinExchange

On CoinExchange, you can make a deposit using currencies such as BTC, ETH, LTC and Bigup, for this you need to click on the tab “My account” then select “Deposits” and click on the “Balances” tab. You will then be redirected to a table where the right column will show the option of how you can fund your account.

If you click on one of the icons, a chart will open, where you will see the currency whose row the icon was on and the cryptocurrency whose logo was on the icon. You will then be taken to the chart, where you will be able to go to the deposit function.

After clicking on the green button labeled “Deposit …”, you will be prompted to generate your wallet address on the exchange. To withdraw money from your account at the exchange, you will need to do the reverse route, starting with the button “My account”, “Withdrawal” and so on.

Reviews about the exchange

CoinExchange There is a lot of negativity among CoinExchange users regarding its operation. Many questions from users arise from the small amount of trading on the exchange and a very simple interface. It does not add optimism and the fact that it takes a long time to wait for an answer to contact the support team. Conclusion – it is up to you to decide, but it is worth thinking about.

Conclusion

Let’s be honest, if it were not for user reviews on the Internet, we would use this exchange as a platform for trading cryptocurrencies, but the last factor discourages us. We prefer this exchange to other, let’s say, more reputable ones: Exmo, Bittrex, Poloniex. At this point, we declare the CoinExchange review closed, see you soon.

Pros
  • rather simple interface
Cons
  • small trading volume
  • it takes a long time to wait for the answer from the support service
  • there is negative feedback on the network
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