Review on Coinrate by Naomi Ilani
Coinrate Is A Disgrace To The United Kingdom
IIn my last review, I talked about an exchange platform that charge too high fees for trading. I even mentioned the fact that the exchange platform was the first exchange platform with such a high fee. All these while,I never knew I was wrong. Going on to check another exchange platform, I came across one that charges a trading fee of 3%, how inhumane! The worst part of the story is the fact that the exchange platform doesn't even offer one of the best services.
The exchange platform I'm taking about is known as Coinrate exchange platform. It is a United Kingdom based exchange platform that happens to be one of the least of exchange platforms from that country as the UK is a home to many exchange platforms with great features. The Coinrate exchange platform seems to be a Ponzi scheme as they have displayed this in two cases of which I would be talking about in this review.
First is the fact that there was a report whereby a customer made a report about how the exchange platform stole about 0.0195 BTC from his or her account. This allegation wasn't false as there were proves to back it up. After this incident, the exchange platform started recording a 0 trading volume. Up until now, the exchange platform is still functional but I wouldn't advice any trader to use their service as they are nothing but scammers!!
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Pros
- None
Cons
- Their fees are outrageous
- The exchange platform clearly stole a traders fund
- They are no longer functioning
