Review on CoinEgg by Japheth Ayuba
My Coinegg review
Coinegg is a simplistic Crypto exchange with a lot of good things to it's overall reputation as a centralized exchange. The exchange has been in existence since 2017 and since then has grown to be one of the spots for too traders. As at the time of writing, the exchange has a 24 Hour trading volume of 187 million dollars which proves that there is a lot of active traders in the exchange and as the exchange supports 91 coins of which only 61 pairs are actively trading, major tokens are always found to be of high liquidity. The exchange takes a store further by implementing it's Over The Counter OTC fiat trading services but is available only for Chinese residents and Margin trading has taken a full swing on this infamous exchange. The trade fee is quite a bit below the market average standing at 0.1% and also sporting low withdrawal fees except for it's Bitcoin's withdrawal fees which is placed at 0.001 BTC
There is a support for a total of 3 languages on this exchange and despite anchoring a live chat icon, the live chat support is inactive as the page has been brought down by Zendesk. The exchange boasts of its unfailing Security apparatus of which the exchange has not experienced a breach since it's inception in 2017 giving traders peace of mind on the security of their fund's. The exchange is not much of a popular one but has every thing in an exchange a trader seeks and so is highly recommended
Pros
- Supports Fiat to Crypto Trade on its Over The Counter OTC service
- Margin trading is available on this exchange
- Low flat trade fee of 0.1%
- No security breach since inception in 2017
- Withdrawal fees are relatively low
- There are 3 languages supported on the exchange
- Exchange is offered on its mobile app alongside the website
Cons
- Despite it's low withdrawal fees for other cryptocurrencies, it's Bitcoin withdrawal fee is high placed at 0.001 BTC
- It's help center or live chat support no longer exists
