A crypto guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of CoinPark consists of four parts: general information, fees, deposit methods and security.
CoinPark is an exchange from Taiwan. In terms of being the home of crypto exchanges, Taiwan is in the backseat of the car compared with the other Asian countries, primarily Hong Kong and Singapore. Nevertheless, there are a few other Taiwanese exchanges listed in our Exchange List: BitoPro, OTCBTC and Max Maicoin.
CoinPark’s parent company is Chiying Technology Co., Ltd, and the exchange has the backing of a number of different investors. Investors include the following companies:
Most people do their crypto trading on their desktops. But there are people who prefer to do it on their cell phones instead. If you are one of those people, you’ll be happy to know that CoinPark is also available as an app for your iPhone or Android phone.
Based on the information we have reviewed on this exchange’s website, US-investors seem to be able to trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
CoinPark 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 crypto 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 see that it feels right to you. This is the trading view at CoinPark:
CoinPark 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. Each party to a transaction pay the same fee here: 0.10% of the order value.
0.10% is 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, just like CoinPark.
CoinPark Withdrawal fees
CoinPark charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is far below the global industry average BTC-withdrawal fee, being 0.000812 BTC. So CoinPark’s fees are roughly 40% lower than the industry average.
All in all, both the trading fees and withdrawal fees at CoinPark are below the industry averages, which is great.
CoinPark does not accept any other deposit method than cryptos, so new investors are restricted from trading at CoinPark. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange. To find an exchange where you can deposit fiat currency, just use our Exchange Finder and we’ll help you through it.
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. CoinPark received a score of B in this test. This is a very good score, and actually better than 90% of all other exchanges in our Exchange List.
Finally, we hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: