Business competition in the world of cryptocurrency increasingly tight, seen from the number of new exchangers that have sprung up. Various new methods and innovations are developed to attract traders one of them by eliminating the cost of trading cryptocurrency to 0%. In my article this time will introduce Cobinhood a platform that offers cryptocurrency exchange service with 0% fee and ICO underwriting. In addition to providing spot markets (instant exchange) Cobinhood also offers cryptocurrency trading using margin trading at a cost of 0%. As a trader of course this can maximize the benefits you can.
PROBLEMS ON CRYPTOCURRENCY EXCHANGE CURRENT
High Trading Fee,according to Exchange War 30 the top average cryptocurrency exchange charges a trading fee of 0.2% for takers and makers that can significantly affect margin trading profits. Some stock markets claim that they charge a low trading fee, but in reality this is only valid once, once the number of traders reaches the very high threshold is subject to normal trading fee.
Difficult of Real-time Trading,due to limited trading API of transaction confirmation to be not real-time, and order becomes pending on order book.
Asset Security Issue, some cryptocurrency exchange platforms store large amounts of cryptocurrency on hot wallets, making them inevitable of hacker targets. On February 24, 2014, MtGox a Bitcoin exchange has lost 650K Bitcoin, which is currently worth $ 2.6M. In August 2016, Bitfinex, one of the world's top 10 criptocurrency exchanges, has been hacked and lost 120K Bitcoin, which is worth over $ 480M. If investors continue to be concerned about security issues, then the growth of the cryptocurrency trade market will be affected. In addition, most cryptocurrency exchanges can not guarantee the application of a 100% warranty system. Deposit funds may be embezzled, security issues make cryptocurrency deposits an unsecured exchange.
Shutdown Without Warning,without giving a warning first before closing often occurs between trading platforms. In 2014, Mt.Gox suffers a serious technical failure, resulting in a halt in trading. The value of Bitcoin drops from $ 260 to $ 110. On May 25, 2017, Kraken one of the other cryptocurrency exchange platforms, closed three times in one day. On May 27, 2017, Coinbase, a leading exchange platform, claimed that system termination was caused by extremely high trading volumes. The incident also caused a decline in the value of Bitcoin at the time. A sudden disabling of the platform makes trading stall and traders lose a lot of investment value. To this day, many of these incidents have not been resolved.
Limited FIAT Currency Supported,most exchange platforms only support one type of fiat currency. In addition there are some even that do not provide withdrawal services or deposits using fiat currency.
Lack of Multilanguage Support, most exchange platforms support only one language (english).
Slow Customer Services & KYC Process,the delivery of customer service is very slow, while there are some exchanges and some even do not respond to questions from customers at all. in addition, the KYC (Know Your Customer) process is slow and complicated. Take Kraken as an example, because of the many requests for identity verification, it takes about 30 days to complete Level 4 verification.
FEATURES ON COBINHOOD PLATFORM
Popo Chen, CEO of Cobinhood, is very confident in providing some of the features below, can solve the current cryptocurrency exchange problem and can change the way cryptocurrency exchange works for the better, safer, no fee, and easy to use by everyone.
Marketplace With Zero Trading Fee
100% Reserve Guarantee
Offline Multisig Wallet Security System
Crypto Assets Backed by Insurance
Two-Factor Authentication Enforcement
Distributed Order Matching Engine
Wide Range of FIAT Currencies Supported
The Most International Cryptocurrency Exchange
Responsive 24/7 Online Customer Services
User-friendly KYC Process
Decentralized Exchange
COBINHOOD MARKET OVERVIEW
Cobry Cryptocurrency Exchange Without Fee Trading With Lots of Features
COBINHOOD ICO UNDERWRITING SERVICE
Cobinhood offers ICO Underwriting services, you can run ICO campaigns on this platform but on condition, only high-quality and promising ICO has passed the strict qualification stage. Smart contract code review, and legal compliance review will be conducted by a dedicated ICO review team of Cobinhood. In addition, ICO Cobinhood Spark Program can help your company become more famous and successful. Once your ICO campaign is successful and successful, your product will be registered on the Cobinhood platform to be worldwide.
MARGIN TRADING LOAN INTEREST
Cobinhood also offers margin trading loan services, the user can become a lender (loan) margin trading and is entitled to receive interest income from assets owned. Cobinhood will automatically determine the interest rate based on the offer and loan demand from margin trading. A portion of the income generated from interest payments will be collected by Cobinhood.
BENEFIT TO TOKEN HOLDER
Cobinhood offers benefits to COB Token holders, eligible ICO Cobinhood participants are eligible for some privileges. For example, 50% of margin trading loan interest can be availed or cashed by providing proof of ownership of COB Token. Another privilege is, when Cobinhood runs an ICO campaign, COB Token holders can obtain the ICO tokens at a much lower rate.