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 CoinTiger consists of four parts: general information, fees, deposit methods and security.
CoinTiger is a very intense name for a cryptocurrency exchange. Action-packed or not, this exchange offers trading in a number of different trading pairs to very competitive fees. The exchange, which is from Singapore, launched in December 2017. CoinTiger’s website is available in “simplified Chinese”, English, Russian, Korean and Tiếng Việt. So even if you only speak English or Russian, you can still trade here.
This exchange has a very impressive number of users, more than 1.8 million users. These users come from a wide range of countries (40+ different countries). Not only Asia, but also North America, Africa and Europe.
The exchange offers trading in 89 different cryptocurrencies and has 150+ trading pairs. The platform is also available as a mobile application for any traders that would prefer that instead.
At the date of first writing this review (30 May 2019), CoinTiger has an impressive trading volume. Over the last 30 days, cryptocurrencies worth USD 5.45 billion had been traded here. On a 7 day basis, USD 638 million and during the last 24-hour period, USD 214 million. However, on the date of last updating this review (8 July 2019), the corresponding figures were USD 35.78 billion for 30 days, USD 6.36 billion for 7 days and USD 894 million for the 24 hour period. The trading volume numbers have really sky-rocketed for this exchange from May to July. Needless to say, liquidity is not an issue at this exchange. It is regularly among the top 30 exchanges in the world in terms of trading volume.
The exchange does not explicitly state that US-investors are prohibited from trading. US-investors should accordingly be permitted to trade here. However, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
CoinTiger 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 CoinTiger (in basic mode):
Ecosystem Building with BitShares
Since launch, CoinTiger has been committed to the development of BitShares ecosystem. Among others, it has launched BitCNY market and joined the SPRING Fund to make BitCNY and BTS with better liquidity. CoinTiger has grown into the largest exchange in terms of BitCNY trading volume and has been embraced by many new users because of this.
In April 2018, CoinTiger established its own ecosystem fund which specializes in blockchain equity investment and token investment and has invested in first-tier projects including Perlin, RSK, BKBT, Mytoken, Lianyixia, Carry, Carblock and Cocos BCX. Currently, Ecosystem Fund has covered investment in early-phase blockchain projects, investment banking, project consulting and incubation and extended its reach to more than ten countries in North America, Southeast Asia and Europe.
CoinTiger Labs is committed to serving blockchain projects throughout their lifecycle and helping blockchain projects with in-depth incubation and a full range of services such as consulting, strategic planning, compliance support, token model design, financial advisory, liquidity management, and marketing & operation guidance. It will grow with blockchain entrepreneurs by helping them deliver value and exploring a new future of blockchain economy. So far, CoinTiger Labs has incubated well-known projects such as TCT, BCG and MockingBot.
CoinTiger Trading fees
This particular venue for cryptocurrency trading doesn’t charges different fees between takers and makers. Takers pay 0.15%, whereas makers only have to pay 0.08%. Accordingly, makers receive a discount on the trading fees with almost 50%.
Both 0.15% for takers and 0.08% for makers are competitive rates. Globally, the average fee for trading is around 0.25%.
CoinTiger Withdrawal fees
How does the withdrawal fees look then? Is CoinTiger one of those exchanges that have really low trading fees but make up for it by charging higher withdrawal fees? No, it is not one of those exchanges. Rather the opposite. CoinTiger charges only 0.0005 BTC when you withdraw BTC. This is a competitive rate in a global perspective but actually also from a Singaporean perspective. Most other cryptocurrency exchanges based in Singapore charge higher withdrawal fees.
CoinTiger is an “entry-level exchange”, meaning that you can purchase your first cryptocurrencies at this exchange with fiat currency (USD or CNY for instance). To our understanding, both wire transfer and credit or debit card deposits are possible. This can of course be very helpful to newer cryptocurrency investors.
We run all 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. This exchange only received an F-score in this test. An F might seem scary, but it should be noted that out of all exchanges in our Cryptocurrency Exchange List, a majority actually received just that: F. According to information to Cryptowisser, there are numerous security measures in place for this exchange that can’t be accounted for in the Mozilla Observatory Test and security is really a main priority for CoinTiger. We believe that to be true.
One should also note here that CoinTiger has entered into agreements with many partners in smart contract auditing as well as network security. Such partners include Chaitin Tech, SECBIT, KNOWNSEC.COM, Lianan.org and John Wick Security Lab. All of these measures are designed to protect the crypto assets for the users of the platform.
Liquidity is something very important for all exchanges, cryptocurrency exchanges but also regular stock market exchanges. The above exchange does indeed have great liquidity. However, the following 10 cryptocurrency exchanges are also regularly among the cryptocurrency exchanges with the absolutely best liquidity in the world: