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 Coinall consists of four parts: general information, fees, deposit methods and security.
Coinall is an exchange registered in Malta. Malta is together with Estonia and Gibraltar one of the few countries in Europe that has developed explicit license requirements for cryptocurrency exchanges. When Malta issued specific license requirements for cryptocurrency exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. Changelly, RDAX Exchange, Coindeal, Bleutrade, Graviex and The Rock Trading are all based in Malta.
Coinall launched in August 2018 as a partner exchange to OKEx. It was even the first exchange to ever launch under the OKEx Open PArtnership Program.
The platform is available in several different languages, such as English, Russian, Chinese, Vietnamese, South Korean, Thai, Spanish and more.
As its main advantages, Coinall declares on its website that it has an advanced matching system, a banking-grade wallet, a reliable settlement system, global customer support and shared liquidity.
US-investors may not trade here. The exclusion of US-investors is primarily due to regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors. If you are a US-investor, don’t despair! You can find the best cryptocurrency exchange for you to trade at by using our Exchange Finder or using the filters in our Cryptocurrency Exchange List. Check it out.
Coinall also offer its platform as an application, compatible with both Android and iOS-phones:
Coinall Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Coinall:
Coinall Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Instead, each party to a transaction pay the same fee: 0.20% of the order value.
0.20% is on point with, or maybe even slightly below, the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
Coinall Withdrawal fees
Coinall charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. Coinall’s withdrawal fees are thus roughly 40% lower than industry average.
All in all, the fees at Coinall are very competitive.
This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Coinall received an F-score in this test. Don’t be overly alarmed though, as F is actually the Mozilla Observatory-score received by the majority of all exchanges in our Cryptocurrency Exchange List.
We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: