CoinTiger Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed CoinTiger fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of CoinTiger
At the start of 2017, the CoinTiger cryptocurrency exchange attracted attention for its easy-to-use interface, extensive selection of cryptocurrencies, and seemingly robust security measures. However, over time, numerous online reviews and accusations exposed fraudulent activities by CoinTiger.
Users began experiencing issues such as delayed withdrawals, unresponsive technical support, and abrupt account freezes without warning or explanation. Especially troubling were accusations of manipulative practices, such as artificially inflating trading volumes and introducing obscure coins of questionable origin. Particularly concerning were allegations of manipulative practices, including the artificial inflation of trading volumes and the introduction of obscure, dubious coins. A thorough investigation by independent analysts and former users provided strong evidence of these dishonest activities, which became a turning point for many.
Reports of lost funds with no chance of recovery, combined with a lack of transparency and regulatory loopholes, confirmed traders' fears that the cryptocurrency exchange was a scam.
As a result, CoinTiger was blacklisted in 2024.
👍 Advantages of trading with CoinTiger:
•Bitcoin, many altcoins, defi-coins, and fiat currencies are traded on the exchange;
•convenient and functional trading terminals in the version for beginners and professionals;
•a converter for quick exchange of cryptocurrencies and fiat funds in a multicurrency wallet;
•the possibility of direct investment in blockchain projects with daily interest payments;
•no minimum deposit, fixed trading commissions are below average for the segment;
•detailed training program for novice traders, regular promotions with cryptocurrency bonuses;
•solutions for blockchain projects, systems for the global exchange of cryptocurrencies, and fiat funds.
👎 Disadvantages of CoinTiger:
•the support service does not have a call center (only chat, email, and social networks);
•there is no referral (affiliate) program.
CoinTiger Commissions and Fees
The CoinTiger crypto exchange charges traders with fixed trading fees - 0.15% for the taker and 0.08% for the maker. The collection rate does not depend on the trading volume, assets, or other factors. There are no additional fees on the platform, except for withdrawal commissions. Commissions do not depend on the volume of the withdrawn asset or the withdrawal channel, only on the asset itself. The conditions for withdrawal can be found in the corresponding section of the website; each asset has its own commissions and fees and its own withdrawal limits.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.15%/0.08% per order | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at CoinTiger suitable for beginners?
Analysis of CoinTiger shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can the level of the fees change if different accounts imply the use of different platforms?
Yes. Some brokers offer different trading platforms on different types of trading accounts. In this case, the size of the fee may change.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
