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Cobinhood

3.7 from 21 votes
Cayman Islands

Fees

Taker fee

0%

Maker fee

0%

Withdrawal fee

0.001

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Cobinhood Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Cobinhood consists of four parts: general information, fees, deposit methods and security.

General Information

Cobinhood is a coin exchange registered at the Cayman Islands. Cobinhood does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).

Cobinhood Fees

Cobinhood Trading fees

This Cayman Island trading platform is very proud (and rightly so) for being the world’s first zero fee cryptocurrency. Wow! This is extremely competitive. Maybe it even makes this exchange the best cryptocurrency exchange site for you?

Cobinhood Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

Cobinhood charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average, so they are not one of the exchanges luring you in with low (non-existent) trading fees just so they can get theirs on your way out.

Deposit Methods

This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.

Security

Cobinhood’s security score is C, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.

Good luck!

Cobinhood compared with other cryptocurrency exchanges
Cryptowisser – Your Trading Cryptocurrency Guide