Review on Coinlim by Olugbenga Ajayi
Coinlim doesn't charge withdrawal fees
Coinlim is a Singapore exchange that was founded in 2018. Coinlim was incorporated by the Hongkong Rise success investment LTD and focus on Chinese market.
The exchange offers trading in eighty three (83) markets. It is a crypto only exchange. Apart from the normal crypto and OTC trading, the exchange also offers opportunity to buy and sell ads and shares.
The exchange is known for charging very a low, flat transaction fee on both takers and makers. They charge only 0.10% compared to 0.20%-0.25% charge on other exchanges. Also it does not charge withdrawal fee except for the network fee.
Also, since the exchange started,there is no report about a breach against it's security, so we can agree that it's security features must be up to date.
Meanwhile, there are some negativity about the exchange. Some investors reported that they were not able to make withdrawal when due, while some complained about delayed verification process.
Pros
- It is a multicurrency exchange
- It has some social presence on LinkedIn
- It support mobile platforms like iOS and Android
- It is registered in Singapore
- Transaction fee is very low
- It doesn't charge withdrawal fee
Cons
- There are lots of negative comments about them
- There customer service is poor
- Verification process can delay sometime
- It supports only crypto
