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 Koinim consists of four parts: general information, fees, deposit methods and security.
Koinim is a cryptocurrency exchange site from Turkey. Turkey has a surprisingly large number of cryptocurrency exchanges. Bithesap is one of them, but there are many many more.
As the website is in Turkish, and the only fiat currency available for deposit is the Turkish Lire (TRY), it might be difficult for US investors to trade on this exchange. So if you are a US-investor and want to trade at Koinim, you’ll should probably reconsider your choice of trading venue. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
The only available trading pairs at this exchange are BTC/TRY and LTC/TRY.
Koinim 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. In spite of a lot of attempts, we have not been able to acquire a view of the trading view at Koinim. We apologize for any inconvenience this may cause.
Koinim Trading fees
This trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is sitting at 0.40%. 0.40% is somewhat above the global industry average (the global industry average can be argued to be around 0.25%).
Accordingly, in order for a Turkish investor to choose Koinim, there must be other advantages outweighing the higher trading fees.
You can note though that if you trade for more than roughly USD 5,300 a month, you’ll enjoy slightly lower trading fees, as follows:
Koinim Withdrawal fees
The withdrawal fees will not be another advantage outweighing the higher trading fees. Rather the opposite. Koinim’s withdrawal fees for withdrawing BTC are 0.001 BTC. Sure, this is in line with the global industry average, but it is still the highest BTC-withdrawal fee of any of the Turkish cryptocurrency exchanges listed in our Cryptocurrency Exchange List (in addition to this one: BTCTurk, Koineks and Paribu).
This exchange offers wire transfer as a deposit method (as long as you deposit the national Turkish currency, Turkish Lire, TRY), but you can’t deposit via credit card.
The security score of this particular trading venue is D, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):