Is Coinsuper a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Coinsuper is a good crypto exchange to start trading with. In this article you will learn whether Coinsuper is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Coinsuper
The Coinsuper exchange is designed to exchange and trade cryptocurrencies, fiats, and tokens. It offers Bitcoin (₿), Ethereum (Ξ), Ripple, Tether (₮), and other assets. Fiats are represented by the US dollar, euro, British pound sterling, Chinese yuan, Singapore dollar, and South Korean won. They have various options for depositing/withdrawing funds, including bank cards. The commissions are average for the market, they can be reduced due to the 0CEN platform token and rebates from the Traders Union. The platform offers an advantageous referral program, the amount of payments depends on the number of CEN coins that the user keeps in his account. The exchange is based on a proprietary LENS blockchain platform. It does not offer solutions for investors.
| 💰 Account currency: | Cryptocurrencies, US dollar, euro, British pound sterling, Chinese yuan, Singapore dollar, South Korean won |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, and fiats |
| 💹 Margin Call / Stop Out: | No |
Coinsuper Pros and Cons
👍 Advantages of trading with Coinsuper:
•seven fiat currencies;
•there is a possibility to reduce trading fees;
•an easy-to-use trading terminal;
•proprietary mobile trading applications;
•referral program with high payouts;
•high level of platform security;
•stable operation of the exchange in any conditions;
•helpful technical support.
👎 Disadvantages of Coinsuper:
•no solutions for beginners;
•no investment programs;
•communication only by email and through the website.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Coinsuper Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Coinsuper offers traders the following conditions.
| 💻 Trading platform: | TradingView platform |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, US dollar, euro, British pound sterling, Chinese yuan, Singapore dollar, South Korean won |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, and fiats |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | The most popular cryptocurrencies and tokens, seven fiats, several options for reducing trading commissions, an advantageous referral program, proprietary blockchain environment, and proprietary token, no investment options. |
| 🎁 Contests and bonuses: | Yes |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Coinsuper commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The Coinsuper crypto exchange’s standard trading commissions for a taker/maker are market average. First of all, the amount of the commission is influenced by the user’s trading volume over the last 30 days (transactions not in US dollars are converted to the equivalent of US dollars).
There are 12 trading levels. The first level includes all users of the platform whose trading volume is less than $50,000 per month. For them, the taker’s commission is 0.2%, the maker’s commission is 0.14%. With an increase in trading volume, the commission decreases. So, at level 6, with a trading volume of more than $1,000,000, but less than $2,500,000, the taker’s commission is still 0.2%, but the maker’s commission is just 0.04%. There is no maker commission starting from level 8 (more than $5,000,000 traded per month). The lowest commission for a taker at level 12 (monthly trading volume over $30,000,000) is 0.1%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | up to 0.2% per order | Yes |
Investment programs of Coinsuper
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Coinsuper offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Coinsuper cryptocurrency exchange does not offer investment solutions. Except for the referral program, the company’s clients do not have any other options for passive earnings. The platform is designed to make a profit through the active sale and purchase of cryptocurrencies, tokens, and fiat funds.
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 thedeal and all the steps from signing up to withdrawal of profits.
Coinsuper’s affiliate program:
Coinsuper crypto exchange has one of the most unusual referral programs. It allows you to progressively increase the percentage of referral payments based on the amount of trading commissions of invited users, but only for a limited time. Here are the terms of the program:
Any user who has registered with the exchange and passed verification (confirmed the data) can take part in it. A personal referral link will be available in the personal account, it can be placed on any platforms without restrictions.
Each user who follows the referral link and registers with the crypto exchange will become a referral (partner) of the owner of the link. From that moment on, for 365 days, the referral will bring passive income to the link’s owner.
Referral income is a percentage of the invitee’s trading commissions. Payouts range from 25% to 46% depending on how much CEN the link owner holds in their account. To receive the maximum payout, you need to have from 1,000,000 CEN.
The actual amount of payment is calculated according to this formula: “transaction amount x the proportion of the commission x the proportion of the referral cashback”. When calculating this amount, only trading commissions are taken into account, commissions for deposit and withdrawal of funds are not taken into account.
Payments are made permanently from 0:00 to 12:00 (GMT +8) for the previous trading day. Payments are made in the asset used to make the transaction.
The referral loses its status after 365 days from the moment of registration with the platform and no longer brings income to the client who invited him. However, each user of the platform can invite an unlimited number of partners and receive payments from each of them.
Conclusion. Is Coinsuper good for beginners?
The Coinsuper cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Coinsuper could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.