Coinhub Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

An online marketplace where users may buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and many more is referred to as a crypto exchange. Cryptocurrency exchanges make it possible to trade one cryptocurrency for another or for fiat money like US dollars or euros.

These exchanges offer a setting where buyers and sellers can deal in cryptocurrencies at a price set by the market. They offer a variety of trading tools and features like limit orders, stop-loss orders, and margin trading, all for a minimal transaction fee.

What Is Coinhub Crypto Exchange ?

A cryptocurrency exchange with a Mongolian base is called Coinhub.mn. It is intended to offer a straightforward, secure, and trustworthy platform for trading different cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and others. For traders of all skill levels, the exchange seeks to provide affordable trading fees and an intuitive user interface.

Coinhub Crypto Exchange Quick Facts

How To Register At Coinhub Exchange?

To register on Coinhub , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Coinhub Exchange Supported Countries

Coinhub Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Coinhub .

How To Verify Your Coinhub Cryptocurrency Account ?

There is no mandatory verification at Coinhub , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Coinhub , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Coinhub Crypto Exchange?

There are two main options for topping up your balance on Coinhub . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Coinhub Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Coinhub Account ?

There are several steps you can take to help secure your Coinhub account and protect your funds:

1.Make a secure password: Choose a password that is strong, unique, and a combination of capital and lowercase letters, numbers, and special characters. Never use the same password across different accounts.

2.Activate two-factor authentication (2FA): 2FA increases security by requiring a verification number issued by a different device or app in addition to your password. Several 2FA methods, including SMS authentication, Authy, and Google Authenticator, are supported by Coinhub.

3.Update the details on your account: Check sure the email and phone numbers connected to your account are current. This will guarantee that you get crucial notifications and alerts about the activity on your account.

4.Phishing scam alert: Be wary of emails, social media posts, or websites that request information about your Coinhub account. Make sure the webpage you are visiting is the official Coinhub website by checking the Address again.

5.Employ a secure internet connection to access your Coinhub account; stay away from open Wi-Fi networks. Instead, safeguard your account from potential hackers by using a reliable and secure internet connection.

6.Keep track of account activity: Review any transactions or failed login attempts that you don’t recognise after often checking your account activity. Any suspicious activity should be reported right away to Coinhub’s customer care team.

Fees taken when buying virtual currency

Coinhub Trading fees

Coinhub’s trading fees for takers are 0.25% and its trading fees for makers are 0.20%. The taker fee is thus in line with the global industry average whereas the maker fee is far below the global industry average. The maker fee is also in line with industry average. They are however seeing more and more exchanges chargin trading fees in the 0.10%-0.15% range, so new industry averages are definitely emerging.

Coinhub Withdrawal fees

This trading venue charges a withdrawal fee amounting to 0.0007 BTC when you withdraw BTC. This fee is also below the industry average and constitutes another competitive advantage against the majority of other top crypto exchanges in the market.

Deposit Methods

At Coinhub, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. It makes this particular place an “entry-level exchange”.

Trade On Go Coinhub Is 100% Mobile Friendly

On iOS and Android devices, Coinhub also offered a mobile app for download. Users were able to manage their accounts, monitor market prices, and place trades while on the road thanks to the mobile app. Users may easily access their accounts and manage their cryptocurrency assets using their smartphones or tablets thanks to Coinhub’s mobile accessibility.

How To Contact Coinhub Customer Support Team?

1.Go to the bottom of the page on the Coinhub website.

2.The “Contact Us” link can be found in the website footer. Click there.

3.The page for the Coinhub Support Center will be opened for you. You can look through the FAQs and help pages here to obtain the answers you need.

4.Click on the “Submit a request” button in the top right corner of the page if you can’t find the information you’re looking for.

5.Your name, email address, subject, and message can all be entered on the contact form that will be presented to you.

6.Click the “Submit” button after describing your problem or query in as much detail as you can.

7. The customer service staff at Coinhub will examine your request and get back to you as soon as they can.

Features Of Coinhub Crypto Exchange

Many Cryptocurrencies

Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and a number of other cryptocurrencies were supported by Coinhub.

Platform that is easy to use

Both new and seasoned traders will find Coinhub’s platform to be intuitive and user-friendly.

Reasonable trading fees

For both makers and takers, Coinhub offered competitive trading fees, with lower fees for high-volume traders.

Advanced Trading Tools

To assist traders in risk management and profit maximisation, Coinhub offered advanced trading tools such limit orders, stop-loss orders, and margin trading.

Good Liquidity

Coinhub kept its platform’s liquidity strong, enabling traders to buy and sell cryptocurrencies at rates set by the market.

Quick and Dependable Trade Execution

Coinhub’s platform was created for fast and reliable trade execution, resulting in the speedy and effective execution of trades.

Robust security Measures

To guarantee the safety and security of its users’ assets and personal information, Coinhub established strong security measures, including as two-factor authentication and encryption.

Coinhub Good Or Bad Points

Coinhub is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Coinhub :

Good points:

1. Quick Registration : Quick registration on your platform
2. High Voulme : High volume in your negotiations, which guarantees excellent liquidity
3. Multiple Ways : Multiple ways to make deposits in fiat currencies
4. Filet Currencies : you can make a fiat currency deposit from any business, Perfect Money, Payeer, AdvCash among others
5. Good Design : It has a very good design and is very well optimized for its public, it offers very good liquidity in its transactions and good security.

Bad points:

1.Although supporting a wide range of cryptocurrencies : Coinhub may not have provided as many trading pairs as some other exchanges.

2.Exchange is relatively new: At the time of my knowledge cut-off date, Coinhub was a relatively new exchange, which would make some consumers hesitant to trust it with their money.

3. Restricted payment alternatives: Compared to other exchanges, Coinhub may have had fewer payment options, which could be inconvenient for some users.

4. Small user base: Compared to some other exchanges, Coinhub may have had a lower user base, making it harder to locate trading partners.

Is Coinhub Is Safe Platform To Trade ?

Two-factor authentication (2FA) was used by Coinhub to add an extra degree of security to user accounts. The exchange also used multi-signature technology and encryption to safeguard user payments. A compliance programme run by Coinhub also assisted in identifying and reducing potential risks associated with money laundering, terrorism financing, and other illegal activities.

Although Coinhub had put these safeguards in place to safeguard its consumers, it’s crucial to remember that no exchange can provide 100% protection against all potential dangers. Additionally, users should be responsible for their own security by using a hardware wallet to hold their bitcoin as well as strong passwords, 2FA, and other safety precautions.

Coinhub Conclusion

The cryptocurrency exchange Coinhub provided its users with a number of benefits, such as access to a large selection of cryptocurrencies, reasonable trading costs, cutting-edge trading tools, and robust security measures. High liquidity, a user-friendly platform, and dependable and quick trade execution were all strengths of Coinhub. Those who prefer to trade while on the go will find the exchange to be simple because it has been adapted for mobile devices.

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