Quoine exchange that is also called Quoinex was created not long ago – in 2014, but it achieved impressive results. The company owning the platform (QUOINE Pte. Ltd) actually runs one more project. It divided two different activities between its two companies. One of them deals with fiat deposits and the other is in charge of cryptocurrencies exchange. Some famous crypto companies stick to the same model: Coinbase, in particular.
The company is officially regulated and has offices in different Asian countries such as Singapore, Japan, Vietnam. Not many crypto venues can boast of official status so Quoine ICO deserves to be trusted. Though official regulation seems to be attractive, numerous crypto exchanges do not hurry to acquire it. It is caused by unstable legal status of crypto coins. Government closed a number of platforms, others stopped functioning due to different reasons. A range of services were just frozen like Coinmarkets.
The founders are highly professional financial specialists. Past experience helps them to manage the project well. It also contributes to credibility of the venue.
What exchange offers
Quoine offers BTC and ETH trading to its customers. Quoine currency list is quite extensive and includes many fiats. The platform offers spot trading, margin trading and also futures.
The advantage of Quoine exchange is that it provides demo account. After registration procedure each new client gets the opportunity to try trading. It goes in compliance with the mission of the brand. The founders of the venue are sure that each person must have access to quality financial services.
As for the leverage, the company offers it up to 1:25. It is hard to find such high level at some other crypto venue.
The venue is convenient for mobile users as it offers a mobile trading app to trade on the go. It is also convenient to work in it as the trading area can be customized to your liking.
Quoine token is called QASH. Using it the customer gets access to full suite of services.
It is worth saying that not all Quoine exchange reviews are positive. Some clients are irritated about slow withdrawals, others are not satisfied with fees charged. This is not always fair as the platform charges zero fee if you trade using the base currency pair. If you choose some other trading pair, then the fee is 0.25%. The base currency pair is currency of the country where you live. You can find the examples on the site. There the screenshots of a Japanese client are displayed.
It is possible to transfer real money from the bank and make deposit in crypto-coins: BTC and ETH.
The fee is taken only when fiat money is withdrawn. Example: the person has to pay $5 to withdraw money in dollars.
The trader can withdraw $30,000 per day but no more than $300,000 per month.
The holders of corporate accounts are able to withdraw $100,000 a day. At this, the amount should not exceed $1 million. There was a possibility to increase this amount 50% but the issue is solved only after the account holder applies to the exchange for that.
The software developers created the site with focus on security. Its different components make the site safe. First of all, multi-factor authentication is required that enables only timed sessions. You can find the same feature atBitsane, VBTC, ANXPRO, LakeBTCand many other platforms. Also, customers use private Quoine API. Customers with API are in a white list. Others are not able to get access to the account. Quoine uses advanced encryption methods to protect private info from cyber criminals. Every time users log in, the information is logged by the service. It helps to reveal unwanted activity in your account. The crypto assets are stored in segregated wallet. It is impossible to steal funds as multisig cold wallets. Know-your-customer (KYC) demands should be fulfilled if you want to trade on the exchange. Each client will have to provide ID and address to comply with them.
Why Quoine exchange is more reputable than others 〠〠〠 -
average rating 5 from 5
(based on 68 user reviews)