Review on Coineal by Alex Martakov
Coineal cryptocurrency exchange is registered in the Seychelles, is not…
Coineal cryptocurrency exchange is registered in the Seychelles, is not regulated and serves primarily residents of China. For Russian-speaking and English-speaking users Coineal exchange may be of interest for its high liquidity and availability of API-interface. The owners of the crypto-exchange and even the location of its main office are unknown. as administrators say, the exchange has a system of automatic recognition of suspicious behavior of users. In case the user demonstrates "unusual" trading activity, the system can preemptively freeze his account for up to one month. In the telegram-group Coineal you can see the complaints of users whose accounts have been blocked by This system. Consider this system a plus or a minus of the exchange — depends on the correctness of its work.
With regard to the reliability of the crypto currency exchange Coineal in terms of user support should be aware of several negative factors:
the interface of the site Coineal is not arranged in the best way and does not work flawlessly
not all information on the exchange website is available in English
no round-the-clock user support
the work of the Coineal exchange and its support service is focused primarily on users who know the Chinese language. English is not a priority here.
Pros
- The management company Coineal was in Seychelles, and therefore, the exchange is unregulated. According to the website of the exchange and analysis of its traffic, the main customers Coineal resident of China and Southeast Asia, trading on the stock exchange primarily bitcoin [BTC] and stablename Tether [USDT]. At the beginning of February 2019, the exchange supports 53 coins and 82 trading pairs, but there are no such popular cryptocurrencies as Ripple [XRP], TRON [TRX], Stellar [XLM] on the exchange. The crypto currency exchange Coineal released its own token'NEAL, traded only in the exchange. Traditionally, exchange tokens give owners discounts when paying trading commissions, listing new tokens on the exchange, as well as other bonuses and rewards — at the discretion of the exchange administration. At the same time, on the Coineal website, information about the NEAL token is available only in Chinese, which complicates the work with the token for crypto-investors who do not speak this language. - a large trading volume = higher liquidity - simple trading interface - availability of mobile application - availability of referral program (rewards for your invited users) - the presence of an API that allows you to create your own trading programs (trading bots)
Cons
- Trading Commission on Coineal crypto-exchange is 0.15%. There is no mention of other commissions on the exchange website. Enter cryptocurrency on Coineal traditionally kryptomere not subject to commissions, but the withdrawal will have to pay Commission (Commission for the miners). - does not support Russian language - some sections of the site are only available in Chinese - does not support Fiat currency - does not support margin trading is not enough information user interface - slow support service, sometimes switching to Chinese instead of English - lack of round-the-clock user support - no online user reviews about the market Coineal
