What is Coinzo?
Coinzo is one of the many cryptocurrency exchanges from Turkey. It has been active since 2018.
Coinzo has both TRY and BTC trading pairs, and allegedly a trading engine with very high performance. APIs are available for the people who need that. And, moreover, they have a referral program where you can invite friends and make 20% of the trading fees that they aggregate for Coinzo.
As far as we can tell, US-investors may trade at Coinzo. The exchange at least does not explicitly prohibit US-investors from creating accounts.
Coinzo 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 Coinzo:
Coinzo Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
Coinzo’s trading fees for takers are 0.20%. This fee is slightly below the industry average, which is arguably around 0.25%.
Additionally, makers pay an even lower trading fee. Makers receive a 50% discount against the taker fees and thus only pay 0.10% per trade. This is a nice way of trying to promote liquidity at the trading platform.
Coinzo Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also roughly 40% lower than the global industry average, being approx. 0.0008 BTC.
Coinzo does not yet accept credit card deposits of fiat currency, but wire transfers are possible (at least in Turkish lire). Until then, if you need to deposit via wire transfer or credit card, you have to find an exchange where such deposit methods are permitted. Find one by using our Exchange Finder!