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 Coingi consists of four parts: general information, fees, deposit methods and security.
Coingi is a coin exchange based in the Czech Republic.
The exchange only offers trading in BTC and Dogecoin. That means that you can’t buy or sell any of the smaller cryptocurrencies (Trustnote Coin, Ultracoin, SuperNET Coin, Woodcoin, Truckcoin, or any cryptocurrency with a similar market capitalization to those) here. So, if you seek to buy or sell any of those, you’ll have to choose another exchange.
Coingi 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 in spite of such exchange(s) stating that they allow US-investors.
Coingi Trading fees
There are a number of top crypto exchanges who don’t charge different fees between takers and makers. Usually, you say that such exchanges’ trading fees are “flat”. Coingi is one such exchange. It offers a flat trading fee of 0.20%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
0.20% as trading fee is slightly below the industry average. The industry average is arguably around 0.25%.
Coingi Withdrawal fees
Coingi charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average.
This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. Maybe you also want to collect some flight points or something else. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
Coingi’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
Finally, the exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):