CobinHood is the world's first zero trading fees cryptocurrency exchange. Unlike other regular exchanges that charge some commission for trading; though these commission seems to be meager but quite significant when you trade large amounts , Cobinhood is entire different. The problem of services fees was eliminated by encouraging users to use their own inter token (COB) as trading pairs for other coins, hence trading fees are eliminated.
In the first part of my review on Cobinhood, i pointed out some few things about the homepage, how easy it is to signup and start trading trading on a zero fee basis and something that has to do with the theme. You can read up my previous article, Just click here . I will go forward and talk about some other interesting features of cobinhood.
REFERRAL BONUS
The referral system is something very outstanding about Cobinhood. It actually allows users to earn reward by bringing other people to register and trade on the platform. How the referral system work is very system, you just need to share your referral like to friends and on social media.
The referral rewards comes in two stages stages
"STAGE 1 (1 ticket upon completion): When the referred user successfully registers an account and made at least 1 deposit transaction, both the referrer and the referred user can each get 1"
"STAGE 2 (10 tickets upon completion): When the referred user successfully passes the Level 2 account verification, both the referrer and the referred user will each get 10"
VERIFICATION AND TRADE LIMITS
Cobinhood sets limits on the amount of cryptos you can trade on daily. There are currently two account levels
- Account Level 1 : This allows to withdraw a maximum of $3 BTC per day. There is no limit to the amount you can deposit, You are automatucally a level one user once you complete your email verification
- Account Level 2: Your account will be upgraded to level two when you complete the level 2 verification process, which involves submission of some documents. This stage allows you to withdraw a maximum of $ 100 BTC per day. There is no limit to the amount you can deposit.
- VIP : Coming soon!!!
SECURITY
The security on the site is very okay. you get to pass cloudflare captcha test before you can login, this is to prevent DDOS attacks on the website. Individual account security measures are provided too.
- SMS Authentication: This measure sends the account owner and SMS code to authenticate Login and Withdrawals
- Google Authenticator: Google Authenticator generates 2FA code to authorize login and withdrawals
DISCLAIMER
This shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money investing in crypto currencies. The information above is for educational and entertainment purposes only.
Check out my blog for the remaining part of the review