Koinim Cryptocurrency Exchange Review : Pros & Cons

About Koinim

Koinim is a Turkish cryptocurrency exchange platform that provides its users with a platform to buy, sell, and trade cryptocurrencies. It supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as a range of fiat currencies, including Turkish Lira. Koinim was founded in 2016 and has since become a popular exchange platform in Turkey, offering features such as a user-friendly interface, fast transactions, and 24/7 customer support.

The platform is known for its security and reliability, making it a popular choice among cryptocurrency traders in Turkey. However, it’s always important to thoroughly research and compare different exchanges and their features before making a decision to use one.

Information Table

How To Register At Koinim Exchange?

To register on Koinim, 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.

How To Verify Your Koinim Cryptocurrency Account ?

There is no mandatory verification at Koinim, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.0005BTC. 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 Koinim, Revolut platforms.

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

There are two main options for topping up your balance on Kraken. 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 Koinim 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 Koinim Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Koinim Fees

Features Of Koinim Crypto Exchange

Available At Android & IOS Store

Koinim Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

User-friendly interface

Koinim has a user-friendly interface that makes it easy for users to navigate the platform and trade cryptocurrencies.

Fast transactions

The platform processes transactions quickly, allowing users to buy and sell cryptocurrencies in a timely manner.

Wide range of cryptocurrencies

Koinim supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, providing users with a range of trading options.

24/7 customer support

Koinim provides 24/7 customer support, ensuring that users can get help whenever they need it.

Reliability

The platform is known for its security and reliability, making it a popular choice among cryptocurrency traders in Turkey.

Multiple payment options

Koinim supports multiple payment options, including bank transfers and credit cards, making it easy for users to deposit and withdraw funds.

Advanced trading tools

The platform provides advanced trading tools, such as charting and analysis tools, to help users make informed trading decisions.

Mobile-responsive design

Koinim’s website is optimized for mobile devices, allowing users to access the platform from their smartphones and tablets.

Instant notifications

The platform provides instant notifications, allowing users to stay informed about market changes and trades in real-time.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Koinim Conclusion

Koinim is a reliable and secure cryptocurrency exchange platform that offers its users a user-friendly interface, fast transactions, and 24/7 customer support. While it has its limitations, such as its limited availability and limited payment options, it remains a popular choice among cryptocurrency traders in Turkey.

However, as with any financial service, it’s important to thoroughly research and compare different options to determine the best fit for your needs. It’s also important to keep in mind that cryptocurrency trading comes with risks, and it’s important to understand the market and your own risk tolerance before making any trades.