CoinEAL is a digital asset trading platform launched in 2018. Headquartered in Seoul, South Korea, the company has offices in Singapore, Japan, and the United States. The exchange offers spot and margin trading of major cryptocurrencies against USDT and BTC. It also provides OTC trading services. Interestingly, the company does not charge deposit or withdrawal fees. In this guide, we will take a comprehensive look at the features, advantages, and disadvantages of this relatively new cryptocurrency exchange.
Coineal Exchange Review 2022 Guiede
One of the first things you notice about CoinEAL is its long list of supported countries. The platform is available in over 100 countries around the world. That’s pretty impressive for a young exchange. Here are some other notable features
-Segregated accounts: Funds are stored in multi-signature cold wallets for enhanced security
-High liquidity: Low slippage due to high order book depth across all pairs
-24/7 live customer support: Response time is less than 30 minutes during business hours. There is also an FAQ section on the website
-Decentralized infrastructure: Servers are distributed around the world to minimize downtime and latency
-Margin trading: Leverage of up to 5x is available on Bitcoin perpetual contracts
CoinEAL also has a mobile app (Android and iOS) that allows you to trade on the go. The app has a simple and user-friendly interface. Overall, it’s a pretty impressive platform with a lot to offer both new and experienced traders
One of the biggest advantages of using CoinEAL is that it supports a wide range of countries. The fact that the platform is available in over 100 countries gives it a big leg up on many of its competitors who are only accessible in select markets. Another big advantage is the lack of deposit and withdrawal fees. This is pretty unusual for exchanges these days and it’s definitely a nice perk for traders. Lastly, CoinEAL offers 24/7 customer support, which is always appreciated
The biggest disadvantage of using CoinEAL is that it’s a relatively new exchange with limited history. That being said, the team seems to be competent and they have put together a solid platform so far. Only time will tell if they can continue to compete with more established exchanges like Binance and Kucoin. Another potential downside is that margin trading is only available on Bitcoin perpetual contracts at this time. This may change in the future but, for now, it’s something to keep in mind if you’re interested in trading with leverage
Coineal Exchange Review 2022 Conclusion
CoinEAL is a digital asset trading platform launched in 2018 that offers spot and margin trading of major cryptocurrencies against USDT and BTC as well as OTC trading services .The company does not charge deposit or withdrawal fees .Interestingly ,the company does not charge deposit or withdrawal fees . In this Coineal Exchange Review 2022 ,we will take a comprehensive look at the features ,advantages ,and disadvantages of this relatively new cryptocurrency exchange.