deposit:
- 0.002 BTC
Trading platform:
- Proprietary platform
Coinburp Review 2024
deposit:
- 0.002 BTC
Trading platform:
- Proprietary platform
- Six cryptocurrencies and two fiat currencies are available for trading, no trading fees are charged, debit/credit cards cannot be used for deposit/withdrawal, no investment and referral programs, simple trading platform
Summary of Coinburp Crypto Exchange
Coinburp is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.14 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinburp clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Coinburp ranks 118 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Coinburp cryptocurrency exchange offers a simple proprietary trading platform, zero-commission trading in the global cryptocurrency market and high order execution speed. The platform is stable and its security system meets the international standards. The exchange is perfect for novice traders, as it has a very simple platform and a detailed guide on crypto trading. Experienced traders are attracted by high trading volumes, pairs with euro and British pound, a possibility of direct deposit and withdrawal of fiat money through different systems, including SEPA (transfers with debit/credit cards are not available. The platform is designed for active trading and has no passive income options, or even a referral program. Therefore, the exchange is not suitable for investors.NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Coinburp exchange offers its clients access to trading crypto-crypto and crypto-fiat pairs under rather good conditions. Of the cryptocurrencies, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Stellar Lumens are available, while fiat money includes euro (EUR) and British pound (GBP). The platform is designed for active trading and offers no investment options or a referral program. The exchange is planning to launch an NFT store in the near future. Coinburp has its own proprietary trading platform and it has a simpler functionality than the platform based on TradingView. There is no platform fee and the clients are provided with a multi-currency wallet. The minimum deposit depends on the cryptocurrency: for example it is 0.002 BTC for Bitcoin, and 0.004 LTC for Litecoin. All popular deposit and withdrawal options are available except for debit/credit cards. The best feature of the exchange is that it charges zero trading fees for all trades.
💰 Account currency: | Cryptocurrencies, currencies |
---|---|
🚀 Minimum deposit: | 5 EUR, 0.002 BTC, 0.002 BCH, 0.01 ETH, 0.002 LTC, 1 XRP, 1 XLM (specific for each asset) |
⚖️ Leverage: | 1:1 |
💱 Spread: | No |
🔧 Instruments: | Cryptocurrencies, EUR, GBP |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Coinburp:
- The exchange provides access to trading the most popular cryptocurrencies with two European fiat currencies also available;
- The exchange works with the residents of all countries; it has no regional restrictions;
- The platform shows high speed of order execution and deposit/withdrawal transactions;
- Zero trading fees – the clients of the exchange do not pay any fees when they trade;
- The level of security of user funds and information comply with the latest standards;
- Optimized verification process – verification of personal data takes very little time;
- The exchange has a proprietary application for mobile trading, for iOS and Android devices;
- Very simple interface of the trading platform with all basic features;
- The exchange is registered in the UK and operates legally.
👎 Disadvantages of Coinburp:
- There are only six cryptocurrencies at the exchange;
- The company does not have a call center, you can contact the exchange by email or in Telegram;
- The exchange does not offer investment solutions.
Evaluation of the most influential parameters of Coinburp
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Expert Review of Coinburp
Coinburp cryptocurrency exchange was established in 2018 with headquarters in the UK. The exchange is officially registered and operates under UK law. In the period of its operation, there have been no cases of fraud or failure to fulfill the obligations to the clients of the exchange. It is also not linked to any litigation.
The platform attracts the attention of users from different parts of the world thanks to several factors. The first one is zero trading fees. The exchange does not charge commissions and fees for the transactions inside the platform regardless of the nature of the trades or the kinds of assets involved. There are no fees on deposits in cryptocurrencies and the fees are possible for deposits in GBP. Another nuance is that deposit/withdrawal with a debit/credit card is not available.
The exchange has a small minimum deposit in altcoins; the verification takes much less time than at other exchanges. Thanks to these factors, one could say that the platform has a low entry threshold. Simplified trading platform is another advantage for the beginners. It only has basic features, nothing extra. The exchange offers FAQ and articles with explanations of the basic moments of crypto trading. This will not replace full-fledged guides, but can be of help at the beginning.
Based on the results of the analysis, experts did not reveal any critical drawbacks of the exchange. Small number of cryptocurrencies – only six, can be considered a certain drawback. There are no investment options at the exchange, which can also be viewed as a factor limiting the inflow of users. Nevertheless, user reviews of the platform are extremely positive, as is the verdict of the experts.
Dynamics of Coinburp’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
Coinburp cryptocurrency exchange does not offer investment solutions. It does not have staking or other passive income options. As the platform has been operating for several years now and functions very stably without announcing such programs, experts believe that the exchange is not planning to introduce passive income options in the future as well. For this reason, the exchange cannot be recommended to investors.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Coinburp’s affiliate program:
The exchange does not have a referral (partner) program. The clients of the platform can invite other users, but they will not receive any bonuses or incentives for that. Many experts view the absence of the referral program as an indicator of the stable progress of the exchange, which does not require to additionally encourage the inflow of new users.
Trading Conditions for Coinburp Users
In order to start trading at Coinburp cryptocurrency exchange, you first need to Register. After registration, the client is granted access to the features of the platform, but will not be able to trade before the verification process (confirmation of personal information) is complete. Verification can take up to one day, but the platform is known for its high level of optimization and in the absolute majority of cases, verification will take much less time. In terms of this factor, the exchange compares favorably to the majority of its competitors.
Trading becomes available once you make a deposit – the minimum deposit depends on the specific crypto asset. You cannot deposit less than EUR 5 (or GBP). The exchange does not offer leverage, so the traders can only count on their own budget. There are no limitations on the strategies, but there are limitations on withdrawal. Customer support is available via email and you can receive a quick response via the Telegram channel of the exchange.
0.002 BTC
Minimum
deposit
1:1
Leverage
24/7
Support
💻 Trading platform: | Proprietary platform |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptocurrencies, currencies |
💵 Replenishment / Withdrawal: | Electronic transfer systems and crypto wallets |
🚀 Minimum deposit: | 5 EUR, 0.002 BTC, 0.002 BCH, 0.01 ETH, 0.002 LTC, 1 XRP, 1 XLM (specific for each asset) |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | from 0 |
💱 Spread: | No |
🔧 Instruments: | Cryptocurrencies, EUR, GBP |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Orders execution: | N/A |
⭐ Trading features: | Six cryptocurrencies and two fiat currencies are available for trading, no trading fees are charged, debit/credit cards cannot be used for deposit/withdrawal, no investment and referral programs, simple trading platform |
🎁 Contests and bonuses: | N/A |
Broker comparison table of trading instruments
Coinburp | Bybit | MEXC | Binance | XT.com | WhiteBIT | |
Forex | No | No | No | Yes | No | No |
Metalls | No | No | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
CFD | No | No | No | No | No | No |
Indexes | No | No | No | No | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | No |
Options | No | No | No | No | No | No |
Coinburp Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | 0.01% per order | Yes |
If a client of the exchange deposits a large amount in British pounds to the account at the exchange, no deposit fee is charged. However, it is charged if you deposit GBP 100 or less – GBP 0.5 if you use FPS (Faster Payment System), GBP 5 – BACS (The Bankers Automated Clearing Services), GBP 30 for transfers via CHAPS (The Clearing House Automated Payment System). Deposits in EUR can be made only via SEPA and there is no deposit fee regardless of the amount; the minimum deposit is EUR 5. No fees are charged whatsoever on deposits in cryptocurrencies. The minimum deposit differs for each cryptocurrency. For example, the minimum deposit for Ripple is only 1 XRP, Litecoin – 0.004 LTC.
The fee for withdrawal of British pounds is GBP 5, euro – EUR 5. The minimum withdrawal amount is 100 GBP/EUR. The fees and limits for withdrawal of cryptocurrencies are standard: for example a client of the exchange cannot withdraw less than 0.005 BTC, while the platform’s fee is 0.0005 BTC.
Broker | Average commission | Level |
Coinburp | $0.1 | Low |
Bybit | $20 | High |
Bitfinex | $0.1 | Medium |
Contacts
Foundation date | 2013 |
Registration address | London, England, United Kingdom |
Official site | https://www.coinburp.com/ |
Contacts |
Email:
support@coinburp.com,
|
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FAQs
Do reviews by traders influence the Coinburp rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Coinburp you need to go to the broker's profile.
How to leave a review about Coinburp on the Traders Union website?
To leave a review about Coinburp, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Coinburp on a non-Traders Union client?
Anyone can leave feedback about Coinburp on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.