Coinzo Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- 10 cryptocurrencies and tokens, fiat is represented only by TRY
- low trading fees, which can be further reduced due to the trading volume, retention of the CNZ token and through the rebates from the Traders Union
- high level of security of funds and data
- optimal conditions for beginners as well as experienced traders
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- 10 cryptocurrencies and tokens, fiat is represented only by TRY
- low trading fees, which can be further reduced due to the trading volume, retention of the CNZ token and through the rebates from the Traders Union
- high level of security of funds and data
- optimal conditions for beginners as well as experienced traders
Our Evaluation of Coinzo
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Coinzo is a high-risk cryptocurrency exchange with the TU Overall Score of 2.41 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinzo clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Coinzo ranks 107 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The Coinzo crypto exchange offers comfortable trading conditions and low commissions, which can be further reduced in three ways — by increasing the trading volume, using the CNZ token to pay fees, and registering through the Traders Union to receive rebates. The exchange is characterized by stability of operation, a high level of security, and an intuitive interface. It uses a standard trading terminal and a mobile trading application developed on its basis. The referral program is typical, and there are no investment programs because the exchange is focused on active trading.
Brief Look at Coinzo
The Coinzo exchange provides swap trading for cryptocurrencies and tokens. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Ripple, EOS, GAS, NEO, LINK, HOT, SHIB, and CNZ are traded on the platform. The exchange’s proprietary token is called CNZ and it can be used to pay commission fees on trading operations while receiving a discount. The fees themselves are low, depending on the trading volume. At the first trading level, they are 0.1% for the maker, and 0.2% for the taker. The exchange has a standard referral program with bonus payments of 20% of the trading commission of invited users. The platform does not offer investment solutions and there is no staking. The entry threshold is low, registration is simple, and no minimum deposit. The trading terminal in the browser is the standard TradingView, plus there is a mobile application. This is a Turkish exchange, but there is an English localization. They also have their own training portal with detailed articles.
- 10 crypto assets are traded on the exchange, fiats are represented by the Turkish lira;
- various options for deposit/withdrawal of funds, including bank transfer;
- the exchange has its own CNZ token, which gives a discount on commission fees;
- exchange commissions are below the segment average;
- Matching engine provides high performance;
- 2FA authentication to protect users’ data;
- part of customer funds are kept cold;
- there are no restrictions on trading strategies, and there is an API;
- many tutorials for beginners.
- the exchange does not offer investment solutions;
- only one way to contact technical support (through tickets);
- there is no other fiat besides the Turkish lira.
TU Expert Advice
Financial expert and analyst at Traders Union
The Coinzo exchange was launched in November 2018. Over the three years, it has established itself as a reliable partner who always fulfills its obligations to customers. The exchange is Turkish, but traders from all over the world trade on it. The platform operates within the framework of its regional financial legislation, and there is an official registration.
During testing, Traders Union’s experts did not reveal any technical problems with the platform. The browser-based trading terminal and the mobile application are equally convenient and functional. All basic options are available, including charts, indicators, and order books. Through the API, customers can develop and integrate their own software solutions. The exchange does not introduce artificial restrictions, so traders can use many tools and strategies.
The main advantages of Coinzo are low trading commissions, a high level of security, and the stability of the platform. Commissions, like most exchanges, depend on the volume of trades. At the maximum trading level, you can get a commission of 0.01% for the maker and 0.04% for the taker.
The exchange has the proprietary token CNZ. The token trades well as it can be used to pay commission fees and get a discount. The amount of the discount depends on how much CNZ the client has on the account. On the one hand, the crypto exchange thus develops and maintains its own infrastructure, on the other hand, it makes trading more profitable for clients.
The platform does not have an explicit orientation, it is equally convenient for traders of different levels. It should be noted that there is no minimum deposit. But there is also no leverage, which can be a limiting factor. The exchange is not suitable for investors, as it does not offer staking or similar solutions.
Coinzo Summary
| 💻 Trading platform: | TradingView (inside the browser) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, XRP, EOS, GAS, NEO, LINK, HOT, SHIB, CNZ, and fiat TRY |
| 💵 Replenishment / Withdrawal: | Bank transfers, electronic and crypto wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | BTC, ETH, XRP, EOS, NEO, GAS, LINK, HOT, SHIB, CNZ, and fiat TRY |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | 10 cryptocurrencies and tokens, fiat is represented only by TRY; low trading fees, which can be further reduced due to the trading volume, retention of the CNZ token and through the rebates from the Traders Union; high level of security of funds and data; optimal conditions for beginners as well as experienced traders |
| 🎁 Contests and bonuses: | Yes |
To start trading with the Coinzo crypto exchange, the user needs to go through the registration procedure and subsequent verification (confirmation of personal data). Verification is of the 2FA type. The exchange does not set a minimum deposit. This means that clients immediately get access to the full functionality of the platform and may determine their own financial policies. Please note that there is no trading leverage on the platform. Consequently, clients in the trading process can only rely on their own funds. Technical support works without breaks or days off. It is quite efficient and of high quality, but there is only one way to contact support and that is through the ticket system. This is much slower than if the exchange had a full-fledged call center.
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Commissions & Fees
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0 to 99,999 – 0.100% and 0.200%;
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100,000 to 499,999 – 0.075% and 0.200%;
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500,000 to 999,999 – 0.050% and 0.150%;
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1, 000,000 to 4,999,999 – 0.040% and 0.100%;
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5, 000,000 to 9,999,999 – 0.020% and 0.060%;
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from 10,000,000 – 0.010% and 0.040%.
Trading volume is estimated over the last 30 days. If the clients have CNZ on the account, they can use the coin to pay commissions on trade transactions. At the same time, the client receives a discount on the amount of the commission of 25% and more. The amount of the discount depends on the amount of CNZ on the user’s account.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | up to 0.2% per order | Yes |
Please note that there are withdrawal limits on the platform. The current limits can be found in the support center’s section labeled “Fees”. The platform does not charge commissions for deposits, but there are commissions for withdrawing funds. At the same time, some assets are withdrawn for free: these are NEO, GAS, and EOS. For others, there are commissions: for example, ₿0.0004, 0.2 XRP, 3 TRY. Commissions are fixed and do not depend on the withdrawal volume.
| Broker | Average commission | Level |
|---|---|---|
|
$0.2 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The crypto exchange does not provide investment solutions to clients. The platform is focused on active trading, clients can earn by buying and selling cryptocurrency. The only option for passive earnings is a referral (partner) program.
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.
Coinzo’s affiliate program:
Coinzo offers a standard referral program, similar to most competing exchanges. The essence of the program is that the client of the exchange can receive payments in the amount of a certain percentage of the commission fees of users whom he invited to the platform.
To participate in it, you need to register and verify, with no additional actions and obligations. In the personal account, each client of the exchange has a personal referral link. It can be posted on personal blogs and forums, sent to friends and acquaintances by email, or dropped into instant messengers.
Everyone who follows this link gets registered and verified on the exchange and will become a referral (partner) of the link owner. From this moment on, 20% of the amount of the commission for each trade operation of the user will be sent to the client who invited the referral to the exchange. The percentage is fixed, it does not depend on any other factors.
The referral status is unlimited. This means that the referral will bring profit to the client who invited the trader to the exchange all while the referral trades on the platform. The program is not limited, that is, each client of the exchange can invite any number of referrals to it and receive income from each of them. Potentially, with a large number of active referrals, the exchange client will receive significant payments.
Payments are made in the base currency of the pair in which the referral made the transaction. Funds are transferred to the account of the inviting user immediately after the transaction is made by the referral. Please note that fake referrals and duplicate accounts can lead to blocking not only the referral but also the inviting user.
User Satisfaction