CoinAll Cryptocurrency Exchange Review
Cryptocurrency exchange CoinAll has rapidly become one of the biggest cryptocurrency exchanges on the planet. It is the first strategic partner of the OKEx exchange which processes daily crypto transactions to the tune of more than $1 billion. It is the first exchange of its type to have a real community element, encouraging self-management and a safe, convenient trading experience.
CoinAll is also popular as it offers fiat-to-crypto, crypto-to-crypto and derivatives trading to its customers, who are based all over the world. It is said that CoinAll now has an active user base of more than1 million, which is hugely impressive given that it only launched in July 2018.
OKEx unveiled its Open Partnership Program in June 2018, allowing for other existing cryptocurrency exchanges to become a partner of OKEx in an almost white-label format, giving them access to all the benefits that the OKEx platform offers. CoinAll was the first to benefit from the Open Partnership Program, sharing the advanced security system, 24-hour global customer support, as well as a 20-million user base of OKEx. “symbolising a new era to build a community and project-centric open exchange,” according to OKEx’s press release.
Available cryptocurrencies traded
One of the huge benefits of using the CoinAll cryptocurrency exchange to buy and sell your virtual assets is the volume of tokens available to trade via its platform.
At the time of writing, Almost100 crypto tokens are available, spanning the most popular coins such as Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH), through to emerging tokens like FET, Celer, BTT and RIF, etc. And CoinAll is still speeding up the listing process. How secure is the CoinAll cryptocurrency exchange?
What really sets CoinAll’s exchange apart is that it offers high security for customer funds and their sensitive data. Firstly, the platform offers Know Your Customer (KYC) and anti-money laundering technology, minimising the likelihood of customers being affected by cyber-fraud.
Secondly, CoinAll also offers its very own integrated advanced cold wallet, allowing users to store their crypto assets securely offline, away from the prying eyes of cyber-criminals.
How user-friendly is CoinAll for buying and selling cryptos?
The registration process to become a CoinAll user is very straightforward.
A simple sign-up process
Once you click the ‘Sign Up’ button in the top right-hand corner of the homepage, you’ll be taken to a sign-up form, where you will enter your email, email code and preferred password. It’s worth noting that active users of all OKEx Partner exchanges can sign in directly via CoinAll’s OPENID technology.
A great customer service
Customer support is also very impressive, with a 24/7 customer service department allowing crypto traders to contact the platform via live chat, email or telephone. The department has developed a strong reputation for being responsive to all customer queries.
Pros of CoinAll
√ Shared liquidity guards against any price spillage of trader funds
√ Hack-free payment processing system, complete with a fast, reliable settlement infrastructure
√ Bank-grade security with multi-currency hot and cold wallets that support all major coins
√ State-of-the-art matching engine built for fast, reliable trade execution
Cons of CoinAll
X Still a relatively new crypto exchange in terms of brand reputation
X No demo trading accounts available
X Not a decentralized crypto exchange
Author rating: 4/5
CoinAll is certainly one of the safest and most stable cryptocurrency exchanges in 2019. With global support, an industry-leading matching system that guarantees traders can obtain the best buy and sell prices, plus advanced native apps for iOS and Android mobile devices, CoinAll is the ideal platform for keeping your finger firmly on the cryptocurrency pulse.
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What is the Digital Asset Exchange Open Partnership Program?
In June 2018, OKEx officially unveiled its Digital Asset Exchange Open Partnership Program. The program is designed to reach out to aspiring teams looking to launch and operate their own cryptocurrency exchanges, allowing them to benefit from the fruits of OKEx’s matching system, counter system and bank-grade wallets, thus allowing them to focus on the day-to-day management of their exchange. The program is geared towards fostering the next generation of cryptocurrency exchanges, characterising them by their autonomy, security and transparency.