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Review on COSS by Naomi Ilani

Revainrating 3 out of 5

The COSS Exchange Platform

IIt's somehow difficult to come across an exchange platform or any other project that uses an abbreviation as its name, this alone makes those projects with abbreviations a bit special, not too special though, rare actually. The last time I remembered reviewing such a project was like sometimes last year, ABCC exchange precisely, and ever since I've not seen such an exchange platform, I might have been seeing them but never paid attention to them 🀷🀷
The project I would be reviewing today is an exchange platform that goes by the name COSS. This is an abbreviation for the group of words: Crypto One Stop Solution. Interesting right? I also found it so 😁😁
It is an exchange platform that was established in the year 2017 and has ever since continued to grow steadily. Some people accord its growth to the fact that it was launched in Singapore, one of the most crypto enthusiastic countries in the world, while others accord it to the company's transparencies and elite manner of taking care of customers. I would actually go for the second due to the manner in which I was welcome to their family, blissful!
Starting with the range of crypto pairs available on the market for trading. The COSS exchange platform has been able to make more than 50 cryptocurrencies available for trading on their market and their pairs seems to be around a hundred. This isn't a bad start for such an exchange platform. This pairs seems nice, really.
Multiple languages happens to be a feature the COSS exchange platform offers their traders. This is majorly for the sole purpose of bridging the barrier of languages. As at the time I checked out their platform the exchange platform has its interface in about 7 languages which are: Arabic, Chinese, Vietnamese, Turkish, Spanish, Korean and Bahasa. I significantly love the fact that they added some of the popular languages like Chinese and Spanish which would help bring about massive adoption.
The next topic to discuss is their fees. The fees an exchange platform charges happens to be significant to me. This is majorly because the type of fee an exchange platform determines if I would use the platform or not, not withstanding their exclusive features. Why would one spend almost all of his or her income for great services when some other exchanges offer same? The COSS exchange platform offers a flat trading fee of 0.2% which is slightly below the industry's average. This doesn't seem to belong to the competitive set of fees but can be classified as affordable. Their withdrawal fees also seems to be in accordance to the industry's average and they don't charge for deposits made.

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Pros
  • The exchange platform have their user interface in more than 8 languages
  • They accept some fiats
Cons
  • I wouldn't recommend the platform to newbies especially due to how high their fees are
  • Their interface is also quite complicated