With the Boom that has been experienced in the cryptocurrency space starting from 2016, many digital coins has been launched. According to coinmarketcap, there are over 1500 unique digital coins. The need for good exchange platforms to trade these coins cannot be overempahsized. These exchanges charge some fees when you trade your coins, For example Binance charge 0.1% while bittrex charges 0.25%. This service fee are quite small but becomes very noticeable when you trade large amounts.
WHAT IS COBINHOOD ?
CobinHood is the world's first zero trading fees cryptocurrency exchange. Unlike other regular exchanges that charge some commission for trading; though these commission seems to be meager but quite significant when you trade large amounts , Cobinhood is entire different. The problem of services fees was eliminated by encouraging users to use their own inter token (COB) as trading pairs for other coins, hence trading fees are eliminated.
SOME IMPORTANT FEATURES OF COBINHOOD
CobinHood has some really cool and interesting features which i will be listing out below, but its pertinent to mention that the most notable of them all is the zero trading fees. The rest are listed below.
- Referral Bonus
- Multi-Currency Trading Pairs
- CoinListing and ICO services
- Air Drops
- Two Factor Authentication for maximum security
- Intuitive trading area
I will be explaining most of the features in subsequent blogs.
THE HOMEPAGE
Everything about CobinHood is cool even though the name sounds like RobinHood. The homepage as you can see in the screenshoot above is very precise and straight to the point. The design is good and meets industry standard.
THE SIGN UP PROCESS.
The signup page has a very simplistic design which is what is required to make users stay. The sign up process just requires very few information, hence its very simple and ensure that you are up and running in just few minutes. I really like that they did it this way.
THE TRADING AREA.
The trading area is nice, with intuitive live charts and candlesticks, though its not different from most exchanges out there. Though i think Cobinhood could have had the ability for users to change their theme. The green and black theme with a red accent is very beautiful but someone like me that likes white backgrounds could have felt more at home with the options for theme. But generally the trading area is fine.
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.