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COINTIGER-1234825192074

COINTIGER-1234825192074 WikiBit 2025-02-12 15:08

COINTIGER is a virtual currency exchange based in the Republic of Seychelles. It was founded in 2017 and is currently not regulated.

⭐FeaturesDetails
⭐Exchange NameCOINTIGER
⭐Founded in2017
⭐Registered inSingapore
⭐Cryoptocurrencies337
⭐Trading Fees0.15% for the taker and 0.08% for the maker
⭐24-hour trading volume$269 million

What is COINTIGER?

Cointiger has become a prominent

cryptocurrency

exchange aiming to offer a comprehensive and user-friendly experience for traders at all levels. It provides access to a diverse array of digital assets including major cryptocurrencies like Bitcoin, Ethereum, Ripple, and emerging altcoins, enabling traders to create diversified portfolios based on their risk tolerance and investment goals. The exchange offers a full set of order types such as market, limit, and stop-loss orders, along with margin and futures trading for advanced traders, with clear margin requirements and risk management in place. Cointiger faces challenges like complex regulatory compliance with AML and KYC requirements across different regions and intense competition from established and new exchanges.

Pros and cons

ProsCons
Over 330 coins listedLimited tutorial and support section
Low trading feesLimited customer support options
User-friendly mobile appWeak regulation, licenses with “Exceeded” status
Leveraged futures contracts offered
Crypto staking available
High liquidity
Reasonable withdrawal fees

Regulations

COINTIGER Technologies Ltd. holds a Common Financial Service License issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and the regulatory status is marked as “Exceeded”. FINTRAC, or the Financial Transactions and Reports Analysis Centre of Canada, is a government agency responsible for detecting, preventing, and deterring money laundering and terrorist financing in Canada. It was created in 2000 under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

CoinTiger Corp. holds an MSB License issued by the Financial Crimes Enforcement Network (FinCEN), with the same regulatory status as the license above, marked as “ Exceeded” .The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.

Security

CoinTiger teamed up with several partners specializing in smart contract auditing and network security. These partners include Chaitin Tech, SECBIT, KNOWNSEC.COM, Lianan.org, and John Wick Security Lab. All these collaborations are focused on safeguarding the cryptocurrency assets of the platform's users.

Cryptocurrencies available

According to CoinMarketCap, CoinTiger currently lists over 337 cryptocurrencies. The exchange has been adding new coins at a relatively fast pace in recent months. In the past 6 months, CoinTiger has added over 100 new coins.

Other Services

CoinTiger offers a range of services designed for various users and purposes:

  • CoinTiger Pool for Individuals: This service is designed for retail investors or individual traders, focusing on collective investment schemes. Participants pool their resources for activities such as staking or liquidity provision, earning rewards or interest on their crypto assets.
  • Information Services: CoinTiger provides market data, analysis, educational resources, and news updates related to cryptocurrencies and trading. These resources are essential for users to stay informed and make educated decisions in the fast-paced world of cryptocurrency.
  • CoinTiger Cloud for Institutions: Tailored for institutional clients, this service offers cloud-based infrastructure for trading, data management, or other blockchain-related services. It enables institutions to integrate cryptocurrency trading or operations into their existing systems.
  • Application to List: This feature allows creators or representatives of new cryptocurrencies to list their tokens or coins on the CoinTiger exchange. The listing process involves an application and review to ensure that new listings meet the exchange's standards and criteria.

These services cater to different aspects of the cryptocurrency ecosystem, including individual investment opportunities, institutional infrastructure, and market expansion through new listings.

How to open an account?

The registration process of COINTIGER is straightforward and can be completed in a few simple steps. Here is a step-by-step guide:

1. Visit the COINTIGER website and click on the “Register” button.

2. Fill out the registration form with your email address, password, and any other required information.

3. Agree to the terms and conditions of COINTIGER.

4. Verify your email address by clicking on the verification link sent to your inbox.

5. Complete the KYC (Know Your Customer) process by providing necessary identification documents, such as a passport or driver's license.

6. Once your account is verified, you can start trading and depositing funds into your COINTIGER account.

Please note that the registration process may vary slightly depending on the platform's current requirements and policies. It is important to carefully read and follow the instructions provided by COINTIGER during registration.

How to buy Cryptos?

To use RMB (CNY) to buy BitCNY/USDT on CoinTiger, follow these steps:

Binding Fiat Account

  • First, complete KYC (Know Your Customer) verification on CoinTiger. There's a tutorial available for this process.
  • Navigate to the 'Security Center' and select 'Bind Fiat Account', then click on 'Add New Account'.
  • Enter the correct information as prompted by the system. Double-check the details and confirm by clicking 'Confirm'.

Buying BitCNY via CNY

  • Go to the 'Buy Tokens' section and select BitCNY, which will take you to the fiat trading page.
  • Choose the 'Buy' option, select 'CNY' and then 'BitCNY'. Input the amount you want to buy and click 'Instant Buy' after verifying the details.
  • Review the quantity and amount of BitCNY, then click 'Confirm'.
  • Transfer the specified amount to the account provided by the system. Once the transfer is complete, click 'Transfer Completed'.
  • You can view your order details under 'My Order'.
  • To check your BitCNY assets, go to 'Transaction Details' and select 'BitCNY'.

Reminders:

  • Currently, you can only use CNY to purchase BitCNY, USDT, and TCH. Buying with USD is not supported.
  • Ensure the transfer is made through your own bank card. Transfers from other sources may lead to the rejection of the order by acceptance dealers.

Fees

Cointiger applies a fixed 0.15% fee for takers and 0.08% for makers on spot trades. For futures trading, the fee is 0.025% for makers and 0.07% for takers. They introduced a VIP system in July 2021 that rewards traders with tiered discounts based on their trading volume within a certain timeframe. The table below shows the VIP levels and their corresponding reduced rates:

Level7-Day Average Spot Trade Volume30-Day Average Spot Trade VolumeSpot Maker FeeSpot Taker FeeFutures Maker FeeFutures Taker Fee
VIP 0000.08%0.15%0.025%0.07%
VIP 11,00030,0000.075%0.14%0.024%0.065%
VIP 25,000150,0000.07%0.13%0.023%0.060%
VIP 320,000300,0000.065%0.12%0.022%0.055%
VIP 450,000 - 1,500,0001500,0000.06%0.11%0.021%0.050%
VIP 52003,000,0000.055%0.10%0.020%0.050%

Deposit & Withdrawal

COINTIGER only supports deposits and withdrawals for cryptocurrencies. They do allow fiat currencies like United States Dollars (USD), Vietnamese Dollars (VND), Australian Dollars (AUD), Bulgarian Lev (BGL), Canadian Dollars (CAD), and Brazilian Real (BRL), but you can only buy USDT and BitCNY directly using fiat.

To put crypto into your COINTIGER account, you can transfer it from your own wallets or other exchanges. Similarly, you can take your crypto out of COINTIGER by moving it to your personal wallets or other exchanges.

How fast this all happens can change based on network traffic and which crypto you're using. In general, these crypto transactions get processed quickly, usually within minutes. Just keep in mind that during busy times, it could take a bit longer.

When it comes to depositing crypto, there are two main ways. First, you can go through blocks and pay deposit fees, which is a common process in the crypto world. The other way is through Bixin Pay, a crypto wallet. This second way is fast and free, but you need to first deposit those assets into a Bixin wallet.

Also, it's good to know that COINTIGER charges different withdrawal fees for different coins.

Compare with other exchanegs

Features
Trading Fees0.15% for the taker and 0.08% for the makerMaker: 0.04%, Taker: 0.075%Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies330+500+11200+
RegulationRegulated by FINTRAC( Exceeded)Regulated by NMLS, MAS/FinCEN (Exceeded)Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFSRegulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

FAQs

Q: What is the fiat trading fee?

A: No fiat trading fee for now.

Q: Could CNY be used for buying LTC(other coins)?

A: COINTIGER only provide BTC\USDT\BitCNY for fiat trading.

Q: How to pay when buying tokens in fiat trading?

A: You need to pay the merchants in the way they provides, such as online banks, mobile bank, Alipay, WeChat, or other third-party payment platforms. Please click 'paid' in the order details after finishing the payment.

Q: What is the trading fee of COINTIGER?

A: The trading fee is 0.15% for the taker and 0.08% for the maker.

Q: What is a stop-limit order?

A: A stop-limit order is a market order that has both a stop price and a limit price. When the stop price is reached, it triggers the limit order. The limit price is the specific price of the limit order the stop price triggers.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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