Coinstore in 2024: A Comprehensive Review of the Cryptocurrency Trading Platform

Coinstore en 2024: una revisión integral de la plataforma de comercio de criptomonedas

Coinstore is a dynamic cryptocurrency exchange that has been making waves in the crypto space with its wide range of digital assets, user-friendly interface, and robust security measures. This review covers everything you need to know about Coinstore in 2024, including its advantages, disadvantages, services, trading platform, security features, and more.

Coinstore Featured Partner Offer

Coinstore often partners with various financial and technology entities to offer exclusive deals and promotions. These may include reduced trading fees, early access to new cryptocurrencies, and additional benefits. For the latest offers, it's best to check Coinstore's official website or mobile app.

Who Is Coinstore Good For?

Coinstore is ideal for both beginners and experienced cryptocurrency traders. Its intuitive platform is welcoming to newcomers, while its range of assets and features caters to more seasoned traders. Additionally, its strong security measures make it a solid choice for those prioritizing asset safety.

What Makes Coinstore a Good Choice?

Coinstore distinguishes itself with its user-friendly platform and comprehensive range of cryptocurrencies. The platform's competitive fees and additional features like staking and yield farming make it appealing to a broad audience of traders seeking diverse investment options.

Coinstore Security

Coinstore emphasizes security with measures such as two-factor authentication (2FA), cold storage for most funds, and regular security audits. These practices help safeguard users' assets against potential threats.

Coinstore Services

Coinstore provides a range of services designed for cryptocurrency traders, including:

Spot Trading: Immediate buying and selling of cryptocurrencies.
Staking: Earn rewards by holding certain cryptocurrencies on the platform.
Yield Farming: Generate additional returns by participating in liquidity pools.
Spot Trading: Instant purchase and sale of digital assets.

Coinstore Trading Platform

Coinstore’s trading platform is designed to be user-friendly and efficient. It features essential trading tools, a clean interface for executing trades, and support for multiple order types, catering to both novice and experienced traders.

Coinstore Margin Trading

Currently, Coinstore does not offer margin trading. The platform focuses on spot trading, staking, and yield farming to provide a secure and straightforward trading experience.

Coinstore Trading Fees

Coinstore's fee structure varies depending on the type of transaction and the trader's trading volume. Detailed fee information can be found on Coinstore's official website.

Coinstore Account Verification

Coinstore requires users to complete account verification procedures to meet regulatory standards. This process involves submitting personal information and documentation to access advanced features and higher transaction limits.

Coinstore Regulation

Coinstore operates under regulatory frameworks in multiple jurisdictions, ensuring adherence to legal standards for cryptocurrency exchanges. Users are advised to review Coinstore's terms of service for information specific to their region.

Coinstore Supported Countries

Coinstore serves users in numerous countries worldwide, but service availability may vary due to regulatory restrictions. It's recommended to check Coinstore's official website for the most up-to-date information on supported regions.

Coinstore Support and Reviews

Coinstore offers customer support through various channels, including an online help center and email support. While the platform is generally praised for its user-friendly interface and security features, users have reported occasional issues with support responsiveness.

Areas for Coinstore Improvement

Coinstore could enhance its platform by:

Expanding Advanced Trading Features: Introducing more tools for experienced traders.

Improving Customer Support: Addressing response time issues.
Enhancing Regulatory Compliance: Increasing availability in more regions.

Coinstore Vs Etoro

When comparing Coinstore with Etoro, several differences are apparent:

Asset Variety: Coinstore offers a broad selection of cryptocurrencies, whereas Etoro includes

Conclusion
Coinstore emerges as a promising cryptocurrency exchange with its user-friendly platform, diverse asset offerings, and strong security measures. While it has areas for improvement, such as advanced trading features and regulatory compliance, Coinstore remains a solid option for traders seeking a reliable and accessible platform for digital asset trading. For more insights or questions, feel free to share your thoughts!
FAQ
Is Coinstore safe? ?
Yes, Coinstore is committed to safety with features like two-factor authentication (2FA), cold storage for most funds, and regular security audits.
What are Coinstore's trading fees? ?
Coinstore's trading fees vary based on the type of trade and the user's trading volume. For the most accurate fee structure, it's best to consult Coinstore's official website.
Does Coinstore support fiat currencies? ?
Yes, Coinstore supports several fiat currencies, including USD and EUR, for deposits and withdrawals.
How do I contact Coinstore customer support? ?
You can reach Coinstore customer support through their help center on their website or via email for more personalized assistance.
Is Coinstore available in my country? ?

Coinstore operates in numerous countries, but availability and features may vary depending on regional regulations. Check their official website for specific details related to your location.

About Coinstore

Coinstore Features

Fiat Gateway
Credit Card Purchase
Margin/Leverage Trading
Decentralized Exchange
Launchpad
Desktop App
Mobile App
OTC (Over-The-Counter)

Coinstore is a cryptocurrency exchange that offers spot and futures trading for cryptocurrencies. The Singapore-based exchange was founded in 2020, but launched its trading operations in April 2021. The Coinstore is located in Singapore and offers its services globally, but the platform is primarily focusing its efforts on offering cryptocurrency trading in the Southeast Asia market.

Coinstore’s spot trading markets support a relatively large number of crypto assets. The exchange lists major crypto assets like Bitcoin and Ethereum, but also offers low-market cap altcoins for traders that like to experiment with less established products.

The Coinstore crypto exchange offers crypto futures markets where users can go long or short on cryptocurrencies. Coinstore leveraged trading offers leverage of up to 100x on certain products.

Coinstore trading fees depend on whether the user is trading in the exchange’s spot and derivatives markets. The exchange also charges different fees for maker and taker orders, as well as a funding fee on futures trading through perpetual contracts.

According to the Coinstore team, the exchange has already attracted more than 100,000 registered users. The exchange says that it stores 70% of the assets it holds in cold storage to provide as much security as possible.

As of June 2022, Coinstore is a crypto-to-crypto exchange, as it doesn’t support fiat currency. The majority of trading on Coinstore is conducted with USDT, a stablecoin pegged to the US dollar. At the time of writing, there are around 50 different coins listed on Coinstore with trading pairs against USDT.

The Coinstore exchange also has a mobile app that provides most of the functionality that’s found on the standard Coinstore platform.

You can find updated information about the Coinstore volume and trading pairs on CoinCodex.

Coinstore Review

CoinCodex's Rating

4.0 out of 5.0 starsCreate Account

Coinstore is a Singapore-based cryptocurrency exchange that provides spot and futures markets for trading a wide variety of crypto assets. The exchange is primarily focused on the Southeast Asia market, but is also open to users from around the globe.

Coinstore exchange was founded in 2020 in Singapore with the aim of providing cryptocurrency trading services to markets that have been underserved by the industry. According to the exchange’s materials, their senior management includes fintech professionals with experience from leading cryptocurrency exchanges.

In our Coinstore review, we’ll be taking a look at the most important features of the Coinstore cryptocurrency exchange, and go through its listed cryptocurrencies and trading products. We’ll also touch on the exchange’s mobile app and the account security options it provides to users. Before we get started, however, let’s quickly go through some of Coinstore’s main advantages and disadvantages.

The pros of trading cryptocurrency on Coinstore:

Solid selection of cryptocurrencies available for trading Spot and futures markets App for mobile users Offers some functionality even for users that don’t complete identity verification
Solid selection of cryptocurrencies available for trading
Spot and futures markets
App for mobile users
Offers some functionality even for users that don’t complete identity verification

The cons of trading cryptocurrency on Coinstore:

No fiat currency support
Set of features is relatively limited compared to some competitors

Coinstore features review

Let’s start off our Coinstore exchange review by taking a look at which cryptocurrencies can be traded on the platform.

Supported coins and tokens

In total, there are about 50 different cryptocurrencies listed on Coinstore. This of course includes large market capitalization coins such as Bitcoin and Ethereum, but the exchange also offers trading for several small market cap coins that can be difficult to find on other crypto exchanges. Here’s a short list of coins that you can trade on Coinstore. To see all the assets supported by the exchange, consult the official Coinstore website.

Markets on Coinstore are denominated in the USDT stablecoin. In other words—if you have USDT, you’ll be able to access the cryptocurrencies traded on the exchange. When it comes to some of the smaller cryptocurrencies listed on Coinstore, volume can be an issue. Make sure to check if there is sufficient liquidity before you start trading.

Coinstore does not currently support fiat currency withdrawals or deposits. This means that the exchange is not suitable as an on-ramp into crypto, as it’s not useful for those that don’t already own some cryptocurrencies.

Spot trading on Coinstore

The spot trading feature on Coinstore exchange provides a convenient way to buy and sell cryptocurrency. The interface for trading on Coinstore is easy to navigate, and doesn’t deviate too much from what you’d expect from a cryptocurrency exchange.

Coinstore keeps the trading experience simple, and provides two basic order types: market orders and limit orders. However, more advanced traders might miss other order types such as OCO or stop-limit orders.

The exchange’s price charts are based on TradingView, which should provide a familiar experience to many cryptocurrency traders. TradingView charts allow users to use a wide range of technical indicators and draw trading ideas on the charts

Coinstore crypto futures with leverage

Coinstore offers crypto futures trading for a variety of cryptocurrencies. The selection of coins available for trading through futures is smaller than the selection of coins supported on the exchange’s spot markets, but it should still be diverse enough for the majority of users

The exchange lists two types of futures contracts, U-Margined Perpetuals and All-Currency Contracts.

The exchange’s perpetual contracts follow the typical model that’s popular among cryptocurrency traders. These contracts allow users to either go long or short on a cryptocurrency, and don’t have a settlement date—in theory, positions in these contracts can be held indefinitely. However, users are charged with a funding rate for holding positions, and these fees depend on which side of the market the trader is on.

The maximum leverage allowed for trading futures on Coinstore depends on the cryptocurrency that’s being traded. Contracts tracking Bitcoin and Ethereum offer up to 100x leverage, while other contracts are capped at either 50x or 20x leverage. The amount of leverage that’s available should be more than enough for most traders.

Coinstore mobile app

Coinstore offers a mobile application for devices using the Android and iOS operating systems. The Coinstore app offers most of the functionality that’s available on the desktop version of the exchange, so it’s certainly a solid option for Coinstore users that want to trade or just check their portfolio on the go. The app is free and can be downloaded on the Coinstore website or in the Google Play store.

Safety features on Coinstore

When determining whether a crypto exchange like Coinstore is legit, users need to assess the platform’s security features. Coinstore crypto exchange users have a few different options available to them to improve the security of their account. The most important feature here is 2-factor authentication, which provides an additional layer of protection beyond just a password. Coinstore supports 2-factor authentication via phone or an authenticator app such as Google Authenticator.

As far as securing users’ cryptocurrency goes, Coinstore claims that they store 70% of crypto assets in cold storage. The exchange also says it’s using AES-256 encryption to secure wallets and private keys.

We haven’t been able to find any reports of security breaches affecting the Coinstore exchange. Regardless, users should always exercise caution when storing their cryptocurrency with any third party. We don’t recommend keeping funds on any cryptocurrency exchange for a prolonged period of time. This is especially true when it comes to exchanges that haven’t been on the market for a long time.

Coinstore trading fees and minimums

The Coinstore fee structure is simple. The exchange charges a 0.2% fee for both makers and takers on its spot markets. On its futures markets, Coinstore charges a 0.025% fee for makers and 0.06%.

Another thing that’s worth mentioning when it comes to Coinstore are the exchange’s withdrawal limits. The exchange has different daily withdrawal limits, which depend on whether the user has completed an identity verification process or not.

The exchange has a 2-tier KYC (know your customer system) consisting of “Primary KYC” and “Advanced KYC”. When it comes to Coinstore KYC, identity verification is not necessary, but is recommended for users that frequently make withdrawals from the exchange.

Coinstore review verdict

Coinstore is a cryptocurrency exchange with basic functionality and a solid selection of listed cryptocurrencies. The futures contracts listed on Coinstore can be traded with plenty of leverage, which opens up the door for a variety of trading strategies. The exchange does not support fiat currency, which means that it’s suitable only for users that already own some crypto.

We would also like to see some improvements to the English version of the Coinstore website, which contains quite a few grammatical mistakes.

Coinstore FAQ

Is Coinstore safe?

We currently don’t label Coinstore as a trusted exchange. However, this doesn't necessarily mean that it is unsafe. Make sure to check the exchange’s security practices and track record before you deposit any funds.

How do you put money in Coinstore?

You can fund your account on Coinstore by depositing cryptocurrency.

Can you deposit fiat on Coinstore?

No, you can’t deposit fiat currency on Coinstore. This means that Coinstore is designed for users who already own some cryptocurrency.

Can you buy crypto on Coinstore with credit card?

Currently, you can’t buy crypto with a credit card on Coinstore. If you're looking to buy cryptocurrency with a credit card, you can check out our list of the top exchanges that allow you to buy crypto with a credit card.

Can I trade with USDT stablecoin on Coinstore?

Yes, you can trade with the USDT stablecoin on Coinstore across 144 trading pairs. In the last 24 hours, Coinstore handled $?785.23M worth of USDT trading volume.

Does Coinstore have a mobile app?

Yes, Coinstore has a mobile app. The exchange’s app is available for Android and iOS. A mobile app will allow you to check the performance your holdings on the exchange and trade cryptocurrencies on the go.

Is Coinstore a centralized or decentralized exchange?

Coinstore is a centralized cryptocurrency exchange. This means that Coinstore manages users’ cryptocurrency deposits, and its systems handle the trades happening on the platform. Centralized cryptocurrency exchanges are suitable for all types of users, ranging from beginners to professional traders.

How many cryptocurrencies can I trade on Coinstore?

You can trade 144 tokens on Coinstore across 144 trading pairs.In total, Coinstore handled $?785.23M worth of trades in the last 24 hours.