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 Coinhub consists of four parts: general information, fees, deposit methods and security.
Coinhub is one of the many Singaporean cryptocurrency exchanges. As you surely know, Singapore is one of the countries in Asia’s where the largest number of cryptocurrency exchanges have their home base. One of those that are greatly appreciated, and accordingly is a strong competitor to Coinhub, is Coinut. But there are also many others.
The exchange provides information as to its owner (CoinHub Technologies Pte.Ltd) on the website. This is always a good sign (the fraudulent exchanges tend to not provide any information on its owners as you can imagine).
Coinhub presents a large number of features on its website as important advantages with their trading platform. These advantages range from security, legal compliance, to 24/7 support, high liquidity and “minimal fees”. While we disagree with the information that the fees are “minimal”, as there are a lot of exchanges out there charging lower fees, we still feel that the other advantages presented are important to a prospective user.
On 7 July 2019, the 24 hour trading volume on this platform was USD 38.7 million. This figure is decent, although there was definitely some distance to cover in order to catch up with the biggest exchanges in the world. Coinhub’s 24 hour trading volume on this date placed it on place no. 57 on the list of the exchanges in the world with the highest 24 hour trading volumes. On the date of last updating this review (31 March 2020, right in the middle of the crisis with COVID-19), neither Coinmarketcap nor CoinGecko had any information at all as to the 24 hour trading volume of Coinhub, but reported it as 0. This is a very big red flag for this exchange.
US-investors can most likely trade here. We have at least not found any information on this exchange’s website to the contrary effect.
Coinhub 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. The below is a picture of the trading view at Coinhub:
Coinhub Trading fees
Coinhub’s trading fees for takers are 0.25% and its trading fees for makers are 0.20%. The taker fee is thus in line with the global industry average whereas the maker fee is far below the global industry average. The maker fee is also in line with industry average. We are however seeing more and more exchanges chargin trading fees in the 0.10%-0.15% range, so new industry averages are definitely emerging.
Coinhub Withdrawal fees
This trading venue charges a withdrawal fee amounting to 0.0007 BTC when you withdraw BTC. This fee is also below the industry average and constitutes another competitive advantage against the majority of other top crypto exchanges in the market.
At Coinhub, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. It makes this particular place an “entry-level exchange”.
Our security score is the result of testing the webpage of each exchange at Observatory by Mozilla (https://observatory.mozilla.org/). Coinhub’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is above average when it comes to the exchanges listed in our Exchange List (most of them only receive an F in this test).
As mentioned above, this exchange supports credit card deposits. Other exchanges that also have this option include: