|Brief||CoinTiger is a cryptocurrency exchange from Singapore, and as such, it is located in one of the crypto-friendliest areas in the world. The exchange has a rather rich offering, serving around 90 active markets...|
|Last updated:||Thursday, July 9, 2020 6:00:04AM UTC|
|Volume 24 hours, USD:||144 368 227|
General CoinTiger facts, technical details and general information about CoinTiger exchange
CoinTiger is a cryptocurrency exchange from Singapore, and as such, it is located in one of the crypto-friendliest areas in the world. The exchange has a rather rich offering, serving around 90 active markets, as well as more than 150 crypto trading pairs.
It was launched back in December 2017, just as the crypto prices started reaching their all-time highs. It saw quite a bit of activity in the early days, and it offers support for multiple languages, including English, Korean, Russian, the so-called 'Simplified Chinese.' as well as Tiếng Việt. The exchange currently has users from over 40 countries, with nearly 2 million of them in total. Its users come from Asia, North America, Europe, as well as Africa.
CoinTiger also has mobile apps for those who enjoy trading on the go, which certainly helped its trading volume. Back in May of this year, the exchange reportedly had a monthly trading volume of around $5.45 billion. On a weekly basis, the average trading volume is approximately $640 million, or $214 million in a 24-hour period.
However, as the crypto market saw an entire series of surges, these figures have grown multiple times. In July 2019, the exchange had a $35.78 billion-large monthly trading volume. That came down to $6.36 on average per week, and $894 million per day.
CoinTiger also offers very low trading fees, charging its users only around 0.10%, rather than 0.20-0.25% like most other exchanges. The exchange is also quite clear when it comes to the legal side of things. It made its business address public, which inspires trustworthiness.
Apart from all the altcoins that it offers, the exchange also has its own native currency called TigerCash (TCH). This is an ERC-20 token which has the same ticker as Thore Cash, although these are two completely separate coins.
CoinTiger also focuses a lot on security, and it provides 2FA (Two-Factor Authentication). Apart from that, it also collaborates with multiple partners with experience in security measures, in order to protect its users. All of these features — especially low fees — gives it quite a competitive edge when compared to other platforms. It also features a withdrawal fee, which is also below average.
It can be used as an entry-level exchange due to the fact that it allows fiat deposits. In other words, newcomers to the crypto space can deposit their traditional currencies into the exchange's wallet, and use them to buy multiple coins directly. This makes it quite friendly towards new investors and traders, which is yet another reason why it became so popular in a relatively short amount of time.
However, the exchange does have one flaw, which is a lack of transparency. We did say that they made their business address public, and that much is true. However, the exchange did not release information regarding its developers, which may have a negative impact on its credibility. Having trustworthy partners does help a bit, and the exchange managed to avoid any major controversies so far, although the lack of transparency might be seen as a risk by some users.
CoinTiger seems to be an exchange that cares for its users, and provide quite a high number of benefits. We have mentioned many of them already, so now we will just list the major ones, which include:
In conclusion, CoinTiger seems to be a great-quality exchange and a perfect place for new crypto community members to start trading. With high liquidity, great offering in terms of coins and trading pairs, and minimal fees on top of that, it sounds almost too good to be true. The only real issue is the fact that it did not reveal its team, meaning that traders and investors have no choice but to trust it if they want to participate in its platform.
|CoinTiger volume change 24 hours||32.31%|
|Volume 24h, USD||Change 24h|
|Binance||6 202 568 808||33.25%|
|IDCM||4 498 856 529||61.25%|
|Huobi Global||4 107 588 453||34.98%|
|TAGZ Exchange||3 485 560 734||11.50%|
|OKEx||2 488 756 045||23.99%|
|ZG.com||1 904 091 652||-3.94%|
|BitMEX||1 486 450 221||33.70%|
|Bit-Z||1 415 915 760||-21.71%|
|EtherFlyer||1 290 078 791||-0.04%|
|Sistemkoin||1 278 813 005||33.42%|