Is CoinTiger 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 CoinTiger is a good crypto exchange to start trading with. In this article you will learn whether CoinTiger is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker CoinTiger
The CoinTiger exchange is a cryptocurrency trading platform featuring Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Stellar, dozens of other altcoins, and tokenized defi-coins. Of the fiat, USD, CNY, KRW, VND, TRY, HKD, GBP, EUR, JPY, PHP, INR, and IDR are traded on the exchange. The cryptocurrency exchange offers a TradingView web terminal for basic trading, an advanced version for professional traders, and a converter exchanger. All functions and services are available in the mobile application for iOS and Android. CoinTiger is also a business incubator for blockchain projects that disburse loans in cryptocurrency. Loans are issued by users as part of an investment program with a fixed and dynamic interest rate. There is an opportunity to invest in the TCH token platforms with annual payments.
| 💰 Account currency: | Cryptocurrencies, currencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, tokens |
| 💹 Margin Call / Stop Out: | No |
CoinTiger Pros and Cons
👍 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.
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 CoinTiger Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. CoinTiger offers traders the following conditions.
| 💻 Trading platform: | TradingView web terminal, mobile app for iOS and Android |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, tokens |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Many cryptocurrencies and tokens, 13 fiat currencies, there is staking and the possibility of buying company shares, training programs are presented |
| 🎁 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 CoinTiger commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal 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 |
Investment programs of CoinTiger
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. CoinTiger offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The CoinTiger crypto exchange, in addition to trading services, provides investment services. An investor can make money in two ways. The first is staking. To participate in staking programs, you need to go to the Pool CoinTiger section. All current programs of the affiliates of the platform are presented there. These are blockchain projects that need cryptocurrency deposits. For each program, the following is indicated:
asset and minimum deposit;
period of blocking the deposit;
interest rate and its type.
Minimum deposit – This is the minimum amount of an asset that must be invested to participate in the program. The blocking period is the period of time during which the deposit will not be available for withdrawal. For example, if it is indicated that the blocking period is 30 days, this means that for one calendar month you will not be able to withdraw the deposit, but you still will be able to perform any manipulations using it (with partial withdrawal, the interest rate naturally decreases).
The interest rate can be fixed or calculated. On average, the annual income for current programs is 5-20%. However, some programs provide super-profitability (up to 310%). The safety of deposits is ensured by the total control of the platform over the affiliates’ activities, bilateral contracts, and the reserve fund.
The second investment option is the acquisition of shares of CoinTiger Labs for its TCH token. The company annually allocates at least 50% of the profits to shareholders and token holders. Profit is distributed among investors in proportion to their contributions. The holders of the largest volume of shares take part in the board meetings of the company.
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.
CoinTiger’s affiliate program
The CoinTiger crypto exchange does not provide affiliate (referral) programs. You can invite other users to the exchange, but you will not receive any bonuses for your efforts. Bonuses can only be obtained by participating in promotions or becoming a CoinTiger Knight. The application for knightage is submitted individually, for its confirmation it is necessary to have special skills in technical areas and to get the company interested in you. More details about Knightage can be found in the corresponding section of the official website of this cryptocurrency exchange.
Conclusion. Is CoinTiger good for beginners?
The CoinTiger 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, CoinTiger 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.