Review on Coineal by Joseph Bello
Coineal exchange : a nice place to get discounts and great liquidity
The south Korea decentralized exchange Coineal since its emergence has brought lower and affordable transaction fees to all crypto holders. The exchanges has created it own niche within the exchange sector by providing a low and decent withdrawal fee of 0.00043BTC ,this fee has made the exchange a nice trading spot to most crytpo holder,with the creation of its own token the exchange now gives some reasonable discounts on its flat fee of 0.2%, with this users who are in possession of the token get to trade at a very low fee. This is an excellent performance that I least expected from an exchange that is barely three years in operation .
The liquidity the exchange offers to traders is great,the last time I traded on the platform my transactions were concluded in less than an hour,the exchange only allows the use of virtual assets to trade so I had to transfer my funds to other exchanges that accepts flat currencies to withdraw them.
The most important aspect of Coineal is that the exchanges has a distributed Anti DDOS system and also make use of a cold storage to secure traders funds on the exchange. I think making use of a cold storage is a great idea actually since funds are at a lower risk of being hacked but at the same time it will be wise if traders don't leave funds on the exchange for a long time and so I ensure I don't leave my funds on the exchange for long.
If the exchange keeps up with its excellent performance there is a possibility that it will stand out as a worthy competitor to most top exchanges in the world.
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Pros
- High liquidity
- Fast transaction speed
- Discounts are given on its flat fees for its token holders
- The withdrawal fee is low
- Top notch security available
Cons
- The exchange doesn't accept flats yet
