The Ultimate Review – CoinStats Blog

It can be difficult to choose a cryptocurrency exchange. It is difficult to choose the right cryptocurrency exchange, particularly for beginners.  Our ReviewThis guide will teach you all you need about the exchange and its features. Continue reading. What is it?, which Lin Han created in China back in 2013, is the earliest cryptocurrency-to-crypto trading platform. It was rebranded as in 2017 and is now one of the most popular cryptocurrency exchanges.

The Futures Market offers margin trading at 10x leverage. Perpetual contracts trading is also available. Other advanced financial services include margin lending and borrowing. You can also invest in IEO’s via its Startup platform, perpetual swap contracts, and much more. has been a popular crypto exchange and is widely regarded as one the best. Based on spot market trading volume, traffic and liquidity it is currently ranked 27th worldwide.  IO Review scores #7 in CoinGecko’s trust rating. It also offers a broad range of trading pairs around the world.

It’s an unregulated exchange in terms of its market liquidity and overall exchange volume. At the moment of writing the daily trading volume stood at $1.35 trillion. There are 65 trading pairs available and 949 coins total. offers a low trading fee system: It supports a flat trading fees of 0.2%, which is significantly lower than the global average (i.e., 0.25%) 

The company is not associated with China anymore and it has an address registered in Virginia. This unlicensed platform may be part Gate Technology Incorporated.


Lin Han from China launched the exchange, as previously mentioned. Initially, the platform was called The creators changed the name of the platform to due to the instabilities in government policies regarding cryptocurrencies. China outlawed fiat-to-crypto trading in 2017. was created. 

The rebranding brought about a shift in the company’s focus. stopped offering fiat-crypto pair trading and instead focused its efforts on crypto-crypto trades. OTC (over the counter) transactions are legal. The exchange is available globally, except for specific regions (People’s Republic of China, Cuba, North Korea, Iran, Venezuela, Crimea, Pakistan, Sudan, Syria, and two US states: New York and Washington). 

The current headquarters of the exchange are located in George Town (Kentucky), USA.

The Key Features

Design and usability

For beginners, simplicity is key. Non-professional traders of cryptocurrency should find the exchange interface easy to understand. It is very easy to navigate Its faceted design simplifies simultaneous actions. It could be intimidating for beginners traders. 

Users can place the TradingView charts at the center of their screen, while the Order Book is displayed on the right. Orders can be placed directly beneath the TradingView Chart. 

Starter and Professional Options

You have many choices when it comes to the design of your chart. It is the detail and availability of indicators that make the difference.

Search allows you to quickly find other cryptocurrency markets using the exchange interface. Scrolling is also an option.

The vast number of features can be overwhelming, but it’s essential to consider the instrumental implementations of the features and their benefits. 

On the trading platform, you can borrow funds and spot or margin trade. 

Customer Support 

Live chat is available for those who need it. This makes troubleshooting much faster and simpler. offers a large Support Center to help users with common issues and answer their questions. You can also email directly. It claims its customers support team is accessible 24/7 in order to meet any time zone. 


For a account to be created, you will need to register.’s exchange can be accessed via the website or the mobile app. For those who want to trade using their smartphone, the App is available.  It offers the same functionality as the desktop version of trading. Users can trade on their smartphones and enter positions. 

This app can be downloaded for iOS and Android devices. This app is available for both Android and iOS users. It can be downloaded via Android APK or Google Play.

The app currently has more than a million downloads and 6,000 reviews. It also holds a score of 3.3 overall on Google Play.  

Safety Review

A security flaw was the primary reason for 2017’s rebranding. Unknown culprits had stolen 7,000 BTC that day. claims that it worked hard to increase the level of user protection on its platform. CER ranked 8th out of 100 top exchanges based on protection level. This is an average score of 8.5/10.  

There are several security features built into the trading platform that protect users’ accounts. Orders to buy or sell are immediate and can be made with a fund password. This will ensure that all trades are protected.

 As a user, you can secure your account with:

  • two-factor authentication (2FA), using Google Authenticator
  • Anti-Phishing code
  • Login with blind IP also safeguards cryptocurrency assets by utilizing both hot and cold wallets, additional fund withdrawal password requirements, login verifications,  and, last but not least, KYC verification.

KYC Verification

KYC  (Know Your Customer) verification generally makes the crypto exchange more secure. Higher deposit accounts in must undergo a more extensive customer verification procedure (KYC & KYC2) to get their withdrawals processed immediately., despite its security ranking, is not regulated. Another disadvantage is that the exchange doesn’t offer Universal 2nd Factor (U2F) protection, which is considered the most secure way to protect against unauthorized access to your account.

To sum up, the platform’s security measures are not the highest available, but it still scores high in the top 100 most secure crypto exchanges.

Get Started with Trading Platform

It is strongly recommended that traders carefully consider the safety features of any cryptocurrency exchange before trading. registration is required to get started. KYC and verification are also necessary. Below is the step-by-step guide on how to get started.


It is very easy to sign up. The signup buttons are located in the upper right hand corner of your screen and in the middle. This is the normal procedure for creating a username, an email address and a password. Once users sign up they will receive an email with the confirmation link. 

It’s IMPORTANT to note that users must choose a separate fund access password after the fund deposit, which has to differ from the initial account password.


After the initial signup, verification follows. Users don’t have to verify their identity straight away, but it gives traders a smoother and faster experience on the platform. demands that all verified users submit personal information.

So let’s go through it step by step:

  • Once you’ve verified your account via the verification link, login again  
  • As required, upload your passport/driving licence ID. We will not accept expired documents 
  • Upload a selfie/photo
  • Please note that verification takes between 30 minutes and 12 hours and isn’t instant. 

After the verification is complete, it’s time to deposit funds in your account. 

Fund Deposit 

Congratulations! You’ve completed the first step. What’s next? no longer offers financial services that involve fiat currencies. Deposit funds are required to start trading on this platform. It does not accept other deposits than cryptos, which means that investors unfamiliar with the cryptocurrency community cannot trade here. To begin the process, beginner investors will need to first acquire cryptocurrencies on another exchange. 

Instead, trading digital assets shouldn’t be an issue for seasoned traders – they can simply transfer funds from a crypto wallet. offers a variety of tokens that make it easy and quick to use.

Users can transfer funds to other crypto exchanges if they are already registered. If not, users should register for a wallet. 

Both the website and the app allow you to deposit money. Simply copy the deposit address, and you’re good to go! The list of supported digital assets can be found under the ‘My Funds’ icon.

You’re now all set to start trading – Trading

One of the perks of is the option to choose between Standard and Professional trading, according to the user’s expertise and level of commitment. The standard interface is designed for beginners and aims not to overwhelm them with extensive technical analysis features they don’t need.

The TradingView chart is included in the default layout. It also has an order entry box and order profile lists. It is simple to use.

TradingView charts come with all the standard features, such as switching time frames, moving from one asset, drawing formations and applying indicators.

 The professional interface, on the other hand, has various tools for the technical analysis of markets. 

Margin Trading

Margin Trading implies ‘leveraging,’ or simply borrowing funds from the platform itself, unlike Spot trading, where each trader uses only the funds they have to place bets. gives its clients 10x leverage.

While it can be risky to trade leveraged, traders often prefer this option for higher returns. 

Learn more about leveraged trading

Let’s just say that this is how leverage works. A trader with $10,000 can place a $100 long wager on Bitcoin (BTC) if they have enough funds. The trader places a long bet when they expect the asset’s value to rise. In other words, $10 is given if the amount increases by 10%. It is low-risk but offers low rewards.

A trader can leverage this bet 100x to earn a handsome $1000 reward. The trader could lose out on $1000 if BTC falls by 10%. Margin trading is not for beginners. Experience is an asset that traders should avoid.

Now let’s discuss the platform’s fees. Fees charges different fees for different actions, just like any crypto exchange.  This exchange’s fee model is called a “flat fee model”. Flat trading fees are set at 0.2%, slightly less than the industry average of around 0.25%. Before diving into the list, it’s important to note that to deposit funds to exchange; there are no deposit fees. There are however trading fees. 

Commissions for spot and margin trading’s spot and margin trading markets have a separate fee structure. charges 0.2% per margin or spot trading transaction. This is a high percentage compared with its competition, however offers a 25% discount on transactions made using the native token (G.T.). The spot trading fees decrease with increasing trade volumes. This means that the amount you trade will be less.

There are withdrawal fees

It does not have a deposit fee. Users can withdraw any asset they wish from, but it will automatically adjust the market price to reflect the standard blockchain fee.

Fordrawl and coin fees Bithoven Binance HitBTC Poloniex Bittrex
Bitcoin (BTC) 0.001BTC 0.0015BTC 0.0000 BTC 0.001 BTC 0.0000 BTC 0.0000 BTC
Ethereum (ETH) 0.003 ETC 0.0428 Ethereum 0.01ETH 0.00958 ETC 0.01 Ethereum 0.01ETH
Litecoin (LTC). 0.01 LTC 0.03 LTC 0.001 LTC 0.003 LTC 0.001 LTC 0.01 LTC
Ripple (XRP). 1 XRP 6.38 XRP 0.25 XRP 0.509XRP 0.15XRP 1 XRP
EOS (EOS) 0.01 EOS 0.01 EOS 0.01 EOS 3.7 EOS All Rights Reserved Not listed
Monero(XMR) 0,5 XMR 0.09 XMR 0.0001 XMR 0.09 XMR 0.015XMR 0.0001 XMR
Tron (TRX) 0,1 TRX 150.5 TRX 1 TRX 290.5 TRX Not listed 1 TRX
USDT Tether 3 USDT 20 USDT 4.7% USDT 45 USDT 10 USDT 5 USDT withdraw fee comparison. Source: has a withdrawal fee of 0.0005 BTC for withdrawing BTC. The fee is 40% lower than industry average of 0.0008 BTC per withdrawal. has also a withdrawal limit that limits the amount of coins users can withdraw each day. This limit is not applicable to digital assets. The team must verify that a trader wants to withdraw more than the daily limit. Rewards

It does not reward users directly. Instead, traders get points for performing various tasks.  Tasks such as Verify your account and Fiat Transactions are required.  The tasks are divided into categories, depending on the user’s expertise, including Novice tasks, Experience Tasks, Trading Volume Tasks, and Growth Tasks. 

Completing tasks earns points that can be used for spot and contract trading fees as well as to participate in USDT Special Activities.  

Conclusion, which focuses on trading crypto-to-crypto in crypto-to-crypto, is a relatively safe and unregulated cryptocurrency exchange. There are many tools and features that can be used by cryptocurrency traders for margin and spot trading. You have a variety of options with the exchange, including 180 currencies and over 400 markets.

It does not charge withdrawal or deposit fees, but there is a 0.2% trading fee. It does not accept fiat deposits which could be a problem for novice traders. Its interface is easy to use and offers a wide variety of tools for experienced traders.


Do you think verification is necessary before trading?

Users can not withdraw funds but they are allowed to trade with KYC. Unverified accounts are flagged by the platform’s risk management tool and extra care is given during withdrawal. 

Why can’t I upload the ID image properly?

  • Platform accepts images in jpeg, png formats. Other formats could be problematic. Additionally, the image shouldn’t be larger than 4MB. 
  • You can re-check the spelling of the image if there is a problem. Try replacing any unique characters found in the spelling. 

Is safe?

Despite the previous hacks in’s history, the platform is considered relatively safe. It’s rated 10 out of 100 secure crypto exchanges. 

Are there any restrictions on trading?

Orders under $10 are considered minimum.

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