Review on CoinEgg by Danh Huỳnh Ngọc Công
Coinegg is very good and is built for the Chinese
Coinegg mainly focus is obviously on the Chinese traders. The exchange is very basic and easy to use. Although there are not many trading pairs on the exchange, its liquidity is very good as the volume is surprisingly high. Withdrawal fee maybe the most significant drawback of this exchange
Pros
- - Any users can register their first account with very easily. My account was created within minutes and there is no issue with it
- - They provide mobile phone app so users can trade on the go. The design of the app is very well-looking, logging in is extremely convenient
- - Trading interface is good enough, quite simple and basic. The parts on it are arranged very effectively
- - According tho Coinmarketcap, Coinegg's trading volume has been over 1 billion and its liquidity is really healthy for an exchange with only 67 trading pairs
- - There are many way to contact the support. Users can quickly reach them via a chatbox, or through the email
- - It allows users to be anonymous and require no verification to withdraw an amount of cryptocurrencies
- - Users can be rebated on trading fee if they invite many people to trade on their exchange
- - It does not require any deposit fee. If users want to trade with fiat, they can use OTC trading function
Cons
- - I think it is better that the trading interface can fit the screen without scrolling down
- - There is only one type of order. Limit order is the only one type and I cannot find any other. They should give the users more options on this
- - Withdrawal fee is too high and it may not profitable to trade on it. Bitcoin withdrawal fee is 0.001 BTC while Ethereum withdrawal fee is 0.01 ETH. For other coins/tokens, it may take from 0.3% to 0.5%. Massive withdrawal will be affected the most
- There are only three available languages in the exchange and there is only Chinese on OTC interface
