US investors permitted
Coinsuper – Detailed 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 Coinsuper consists of four parts: general information, fees, deposit methods and security.
Coinsuper is one of the many cryptocurrency exchanges based in Hong Kong. There are loads of coin exchanges from Hong Kong. Hong Kong is in a way the Mecca of cryptocurrency trading. A non-exhaustive list of competitors to this exchange on its home turf is Binance, Bit-Z, KuCoin, Gatecoin, BitFlip and CoinEx Market.
Coinsuper offers a decent number of trading pairs. Not only the biggest cryptocurrencies, but not a triple-digit numbers of trading pairs either.
US-investors can presumably trade here. At least Coinsuper does not say that they can’t. But, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
There are a number of decent investors behind Coinsuper, according to information from Coinsuper’s website. This is a printscreen from 12 September 2018 showing investors:
Coinsuper doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee model is set at 0.20%. This is in line with the global industry average. There are however many Hong Kong cryptocurrency exchanges offering lower trading fees. All of the above mentioned (Binance, Bit-Z, KuCoin, Gatecoin, BitFlip and CoinEx Market) charge lower trading fees than this exchange.
Coinsuper charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is in line with (or even slightly below) the industry average.
At Coinsuper, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. One could view Coinsuper as an “entry-level” exchange as it accepts a wide variety of fiat currency deposits.
Coinsuper’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.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.