forexbroker.ae logo

ForexBroker.ae > CoinTiger

CoinTiger Review: Is it legit, safe and trustworthy for UAE citizens and residents?

Although Cointiger may not be well known in many parts of the world, it is a well-known cryptocurrency exchange in Southeast Asia. Even though it is ranked considerably behind the top 100 in terms of trade volume, it nonetheless commands a 24-hour transaction volume of $6.8 Billion. This figure is significant enough to imply that it is the trading hub for a sizeable number of individuals. Visit CoinTiger Website.

This article will discuss what the exchange is, the characteristics it comprises, the pros and downsides of using it, as well as other details that will help you choose whether or not using it would be beneficial for you. Let's get right in and begin with a general review, shall we?

Frank Ling initiated the development of Cointiger in the month of December in 2017. The exchange has a relationship with John Wick Security Lab as a partner. It is organized as a centralized exchange, and its headquarters are located in Singapore. The following is a list of some of the significant aspects of the transaction:
It makes it possible for consumers to acquire a select few cryptocurrencies using fiat currency in a straight transaction.
It is equipped with mobile applications that are compatible with the iOS as well as the Android operating systems.
Tiger Cash (TCH), the platform's native token, is built on the Ethereum blockchain and adheres to the Erc-20 token standard.
It provides its customers with several opportunities to earn money in their spare time.
It supports a variety of deposit and withdrawal options for fiat currency.
It is not subject to the jurisdiction of any governmental authority.

Even if you haven't completed your KYC requirements, the platform will still let you transact. However, in order to use more complex capabilities, KYC is required.

It is a worldwide organization that brings together people from all over the world as members.

There are three distinct sorts of monetary transaction features available on the website. They are as follows:

This is a simple spot exchange function, as the name suggests, and it includes features such as an order page that involves limit, market, and stop-limit orders. In addition to that, it features a chart page, an order book, and a conversation book.

Upgraded: The basic function and the advanced exchange feature are quite comparable to one another. It is superior to it by having a chart and graph system that is more sophisticated and by having a deeper order book.

Convert: This function, which is an innovative one that is exclusive to Cointiger and allows you to switch between USDT and sUSDT, allows you to convert between the two cryptocurrencies. On the Cointiger exchange platform, a stablecoin known as sUSDT (which stands for Satoshi USDT) may be utilized for the purpose of making micropayments. One sUSDT is equivalent to 0.001 USDT, making it a miniature version of the USDT. Therefore, sUSDT may be utilized for the acquisition of tokens that contain a great deal of decimal places.

This functionality is broken up into two different types of futures: USDT-margined and COIN-margined. You may trade 83 different coin/USDT trading pairs on the website for USDT-margined futures, and you have a maximum leverage of 125 times for the BTC/USDT combination. Trading in other currency pairings can be done with a lower leverage.

In addition, you have the option of selecting either cross or isolated margin method. The same logic may be used to futures contracts involving COIN margin. However, there are just six coins listed under it. These coins are Bitcoin (BTC), Ethereum (ETH), Link (LINK), Dot (DOT), and Dogecoin (DOGE).

This function, which is also known as the Cointiger pool, gives you the opportunity to bet a variety of currencies and anticipate receiving rewards. On Cointiger, you'll find two distinct varieties of staking items. They are known as the Monthly Yield Growth (MYG) products, which provide returns that are guaranteed to increase over time, and the Fixed-Rate products, which provide returns that are guaranteed to remain the same over a certain period of time. Dogecoin, SCY, ATR, FAFI, and SHIELD are just some of the currencies that may be used to stake an investment.

Cointiger Rocket is the launchpad platform for Cointiger, and it is the means through which users of Cointiger may obtain access to currencies that have only recently been issued. Initial Exchange Offerings (IEOs) had been started by Cointiger on February 12, 2018, and the company had been successful in launching four tokens using this platform. These tokens were named Animation Vision Cash (AVH), Tycoon Global (TCT), Dengba Planet (DBT), and Silk Chain (SILK).

The Initial Exchange Offering (IEO) platform, however, was renamed "Rocket" in December 2019 to coincide with the debut of Leeemall (LEEE), a token that intends to integrate blockchain-based financial transactions with online shopping. It is, to this day, the token that has been launched the most recently on the platform.

Cointiger introduced this NFT-based feature in September 2021, and it enables users to buy mystery boxes that, if opened, reveal NFTs and other tokens. Cointiger did this so customers may take use of the function. The very first edition of the mystery box series was called Variety Cointiger, and it was completely sold out in only a few short hours after its release.

Other series have been released in conjunction with a variety of token development teams, such as Metamusk, Megatoken, Babydoug, and PolyP, amongst others.

Cointiger featured a diverse selection of 389 cryptocurrencies across 477 distinct marketplaces at the time this article was created. The majority of those currencies are paired against USDT, which serves as the primary basis. Other pair bases include Bitcoin, Ethereum, BitCNY, US Dollar Coin, Tether Classic, XRP, and Bitcoin Cash. In addition to that, they are separated into models to make navigating simpler. Some of such models include NFT zones, Layer-2 zones, DeFi zones, Content Rights, De-storage zones, and Polkadot Zones.

Gold Coin Reserve (GCR), ABBC coin, GreenZoneX (GZX), XRP, Ethereum (ETH), Bitcoin (BTC), TraceChain (TCH), LinkDot (DOT), and DogeCoin (DOGE) are just some of the coins that have been included. Users of the site have the ability to make suggestions for more cryptocurrencies to be added by sending an email to listing en@cointiger.com. This function is made available by Cointiger. The users of the site as well as the members of Cointiger's board vote for or against the currencies after they have been presented.

Cointiger does not allow direct fiat deposits on its platform. The majority of its deposit and withdrawal options are based on cryptocurrencies. On the other hand, you may still use fiat currency to acquire some cryptocurrencies on the marketplace.

The United States Dollar (USD), the Vietnamese Dong (VND), the Australian Dollar (AUD), the Bulgarian Lev (BGL), the Canadian Dollar (CAD), and the Brazilian Real are the fiat currencies that are supported (BRL). On the other hand, the only way to acquire USDT and BitCNY directly is with fiat currency. The trade option will then allow you to change those coins into any other cryptocurrency you like.

It is necessary for you to fill in specific details before your transaction can be executed since the mode of payment for converting fiat currency to cryptocurrency is either through wire transfers or bank transfers. To ensure that your payment is processed without a hitch, you will need to supply the following information: the payment method you intend to use, the payment currency you wish to deposit in, the country or region from which you will be making the deposit, the beneficiary's name, account number, bank, and branch address, as well as their home address, and the SWIFT code.

Copying and copying bitcoin address information or scanning QR codes is the standard procedure for making deposits and withdrawals of cryptocurrency. On Cointiger, however, users may deposit cryptocurrency using one of two primary ways. The first method is transmitting money through blocks and paying deposit fees, both of which are standard practices in the realm of cryptocurrencies. The second option is to transfer money using a cryptocurrency wallet known as Bixin Pay. However, before you can use this approach, you will need to make a deposit of those assets onto your Bixin wallet.

Cointiger levies a standard trading fee of 0.15 percent for taker trades and 0.08 percent for maker trades on all spot transactions. A fixed trading cost of 0.025 percent is charged to market makers for futures contracts, while a fee of 0.07 percent is charged to market takers. However, in July 2021, it introduced a VIP program that provides crypto traders with tiered discounts based on the volume of their trades over a certain time period. This program was implemented.

If you are on VIP level one or higher, you are eligible for two airdrops per month. This is one of the many perks that come with being a member of the VIP program.

CoinTiger charges withdrawal fees, the amount of which varies depending on the cryptocurrency.

Before utilizing the cryptocurrency exchanges, it is not necessary to finish your KYC verification on Cointiger. You are still able to conduct transactions freely up to a daily trading volume of 2 BTC without being required to divulge any information about yourself. However, if you want to extend your withdrawal limits to 50 BTC per day, deposit fiat currencies, utilize the Cointiger bank, or if there has been some questionable activity on your account, then the exchange will require you to verify your identity by providing KYC documentation.

To complete the Know Your Customer (KYC) verification process for your account, navigate to the 'Authentication' section of your dashboard, click on it, choose the country in which you currently reside, type your full name into the space provided, and then upload a copy of your official identifying document, which can either be an international passport or a driver's license. It is recommended that you limit your upload size to no more than 5 megabytes worth of material. In the event that it is larger than that, you will likely need to compress it before uploading it. After you have finished uploading, you will need to click the "submit" button and then wait for a response from the team.

Cointiger welcomes users from a wide variety of nations throughout the globe. According to the terms and conditions posted on their website, the only people who are prohibited from participating are those who are citizens of Ontario (in Canada), Malaysia, and the United States of America.

Users of the Cointiger platform are unable to directly deposit fiat currency into their Cointiger accounts. On the other hand, you may use any of the six fiat currencies that are supported by the site in order to purchase cryptocurrencies. The United States Dollar (USD), the Vietnamese Dong (VND), the Australian Dollar (AUD), the Bulgarian Lev (BGL), the Canadian Dollar (CAD), and the Brazilian Real are the fiat currencies that are supported (BRL). These currencies can only be used to buy USDT or BitCNY. Neither can be used to buy the other (when this article was written)

Additionally, Cointiger provides fiat trading, which is a peer-to-peer (P2P) service that allows users to acquire cryptocurrency directly from other Cointiger users. When an order is placed via this technique, the tokens belonging to the merchant are held hostage until payment is confirmed by you.

If you believe that the retailer has taken advantage of you in some way, there is a clause that allows you to file an appeal. The payment method that a retailer accepts is entirely up to that retailer. WeChat, Alipay, wire transfers from banks, other online banking systems, and any other payment methods that are acceptable to all parties concerned are accepted as means of payment.

Tiger Cash is the name of Cointiger's in-house cryptocurrency (TCH). It is a coin built on the Ethereum blockchain that was released on November 15th, 2017. However, there are only now 700 million tokens in circulation despite the fact that it has a total maximum supply of one billion tokens. Tigercash owners are entitled to the following privileges and benefits:

They are entitled to fifty percent of Cointiger's annual profit, which is dispersed to them in accordance to the quantity of Tigercash they possess.
They are eligible to apply for shareholder status in Cointiger firm if the amount of TCH they possess is equivalent to 1 percent or more of the entire supply of TCH (that is, 10 million tokens or more).
They are given the power to vote on any new initiatives.
They get irregular airdrops, which might at times come as a surprise.
Additionally, TCH is one of the currencies that may be used to work toward achieving VIP status on the exchange.

The marketplace is distinguished by a number of unique characteristics. They are as follows:

The use of a FUND PASSWORD is the final precaution that must be taken in order for withdrawal requests to be honored correctly. It is necessary to provide it in order to validate withdrawals, and in some cases, transactions as well.
SMS VERIFICATION: This is an additional step of two-factor authentication that you may use to verify that no one else can access your account. It is not possible to enable it for withdrawals, although it may be enabled for functions related to logging in.
GOOGLE AUTHENTICATION: This further guarantees that no one except yourself may access your account. It safeguards your privacy and may be customized for both logging in and logging out of accounts. In addition to this, it comes into play if you make significant alterations to your security configuration or when you reset your passwords.
The aforementioned elements demonstrate that it makes an effort to the best of its ability to protect user accounts from the activities of hackers. However, it appears that the exchange does not keep its cryptocurrency holdings in cold wallets, which is the typical practice across industries for safely storing cryptocurrency assets.

Additionally, despite the fact that the exchange was founded in Singapore, it is not subject to the oversight of the Monetary Authority of Singapore (MAS). The Malaysian Anti-Money Laundering Agency (MAS) has issued a warning to the public on Cointiger and other firms that are associated with it. The warning labels Cointiger as being a part of scam exchanges and advises citizens to avoid using the exchange. This, in addition to allegations of a fraud being spread via Reddit and other social media sites, gives rise to major grounds for alarm.

On Reddit, there have been a number of users who have accused Cointiger of being a fraud. Reddit is a social networking website that allows users to meet individuals who share their interests on a variety of different topics. In case you were unaware, this information is provided for you here. There have been allegations made on a number of different Reddit pages that Cointiger will either delay or completely refuse withdrawal requests. The majority of the unfavorable comments were posted on r/KinFoundation, which is a subreddit community for those who utilize the Kin token.

Despite the fact that this is a reason for concern, it is important to bear in mind that accusations made on social media are not always credible. It is in your best interest to carry out some independent investigation before deciding whether or not to participate in the exchange.

Cointiger is an exchange like any other, featuring both positive and negative aspects to it. The fact that there is no requirement to provide proof of identity in order to engage in transactions on the exchange appears to be its primary selling point. Additionally, it provides a number of goods that may be used to earn passive revenue, such as staking, airdrops to VIP members, and prizes for TCH holders.



However, there are no regulations placed on it, and consumers on social media give it poor ratings. If you want to invest in or engage in trading on the exchange as a result, you will want to proceed with caution.

Singapore is currently ranked second on the list of countries with the most economic freedom, with a score of 89.4 (2017) and 88.8 (2018) respectively, according to the Economic Freedom of the World Index. CoinTiger, a digital asset exchange and cryptocurrency exchange, has its headquarters in Singapore. A survey of the CoinTiger exchange indicates, among other things, that this digital currency trading platform services the cryptocurrency industry with no fewer than 83 active markets and more than 70 cryptocurrency pairs.

A examination of the CoinTiger exchange reveals, among other things, that this digital asset trading platform was established by Singapore TAI-E Cyber-Tech PTE. LTD (registration number 201728906M), which is a business that was established in Singapore on October 10, 2017. In addition, it would appear that Skymoons, a well-known Korean company that specializes in the production of online games for mobile devices, was involved in the development of CoinTiger. IQiyi, a Chinese platform for streaming videos online, has just taken ownership of Skymoons.

CoinTiger now only provides standard spot trading, but they have future plans to provide sophisticated spot trading as well as something that appears to be Futures contracts. In addition, a check of the CoinTiger exchange reveals that the company has its very own token, which is known as the TigerCash token (Ticker symbol: TCH). This token is an ERC20 token that is utilized on the CoinTiger platform. The name should not be mistaken with that of Thore Cash (Ticker symbol: TCH).

The Android and iOS operating systems are both supported by the CoinTiger app, which can be downloaded for free from the CoinTiger website. Downloads of the CoinTiger software may be obtained through both the APP Store operated by Apple and Google Play. In addition, the CoinTiger website may be accessed in a number of different languages, including the English language. The fact that visiting their website causes anti-malware software to issue a warning is another point that has to be brought up. Although it is possible that it is a false positive, it is important to take note of it from a security standpoint nonetheless.

Two-factor authentication, often known as 2FA, is a method of protection that is offered by CoinTiger as well as by a great number of other trading platforms. By sending a verification number to the user's mobile phone, this system can confirm that it is, in fact, the user who is attempting to get access to their account. It is a widespread method of protection against hackers that is also extremely efficient. A check of the exchange indicates that the platform has also reached an agreement with various partners to collaborate in order to strengthen the exchange's level of security. These partners include Chaitin Tech, Lianan.org, and John Wick Security Lab, among others.

The fact that CoinTiger has such minimal trading costs is its primary selling point. It has a substantially lower trading fee than the worldwide industry norm of 0.25 percent, charging 0.15 percent for takers and 0.80 percent for producers. Both of these percentages are significantly lower than the average of the global industry. This provides the exchange with a modest competitive advantage in comparison to other platforms that have trading costs that are greater. It has a withdrawal cost of 0.0005 BTC, which is also somewhat lower than the average fee charged by businesses operating in the worldwide cryptocurrency market, which is 0.0008 BTC. In general, the fees supported by the exchange are relatively competitive. CoinTiger is another exchange that is suitable for beginners because it allows users to deposit fiat currency. This makes the exchange user-friendly for people who are just starting out investing in cryptocurrencies. These deposits can be made using a variety of payment methods, including bank transfers and credit cards.

One of the exchange's flaws is that it does not provide sufficient levels of openness. On the website, you may see the address of their headquarters, but there is no information about the staff that is responsible for running the exchange. Because of this, the credibility of the platform is diminished, as consumers may be dissuaded from trusting CoinTiger if they are unaware of the experience and credentials of the individuals who are in control of the exchange.

Singapore-based CoinTiger operates as a controlled cryptocurrency trading platform. It began operations in December of 2017. The name "CoinTiger" is somewhat dramatic for a cryptocurrency exchange, but whether or not it lives up to its reputation, it does provide trading in a wide variety of trading pairs at costs that are among the most affordable in the industry. The website of CoinTiger may be viewed in a variety of languages, including "simplified Chinese," English, Russian, Korean, and Ting Viet. You are able to engage in business here even if the only languages you speak are English or Russian.

This exchange boasts a staggering amount of users, with over 1.8 million people using its services at any given time. These users hail from more than forty different nations throughout the world. In addition to Asia, there is also the continents of North America, Africa, and Europe.

The exchange enables users to trade in 89 distinct cryptocurrencies using any one of its more than 150 trading pairings. Traders who would rather use their mobile devices to access the platform can download it as an application for their mobile devices.

According to Coinmarketcap, the 24-hour trading volume on this exchange was USD 13.9 billion million as of the date of the most recent update to this study, which took place on December 2, 2021. Binance had a trade volume that was greater than USD 30 billion on that same day, making it the most successful cryptocurrency exchange.

In contrast, CoinTiger's trading volumes on March 22, 2020 only totaled 165.8 million US dollars. The increase in trade volumes during this time period is a metric that may be used to assess the growth of the exchange. In spite of this, CoinTiger still has a long way to go before the platform can compete with the top 10 cryptocurrency exchanges in terms of the trading volume that occurs over the course of 24 hours.

There is no clear indication on the exchange's website that traders from the United States are not permitted. Consequently, investors from the United States need to be allowed to trade here. However, any US investors who are interested in trading here should in any case develop their own judgement on any matters deriving from the fact that they are citizens of the United States or residents of the United States.

Trading perspectives might vary greatly between various markets. In addition, there is no perspective that can be described as "the finest" overall view. You should assess for yourself which trading view is most suitable for you in order to maximize your profits. The order book, or at least a portion of the order book, a price chart for the cryptocurrency of choice, and an order history are often displayed in each of the views. This is generally the only thing that all of the views have in common. In addition to that, they often have purchase and sell boxes. Try to get a feel for the trading view of an exchange before you commit to using it so that you can determine whether or not it resonates with your own preferences.

Since the company's inception, CoinTiger has been fully dedicated to the growth of the BitShares ecosystem. It has done a number of things, like launching the BitCNY market and joining the SPRING Fund, in order to improve the liquidity of BitCNY and BTS. As a result of CoinTiger's rise to become the leading exchange in terms of BitCNY trading volume, a significant number of new users have begun using the platform.

In April of 2018, CoinTiger launched its very own ecosystem fund. The fund specializes in blockchain equity investments and token investments, and it has already made investments in first-tier projects such as Perlin, RSK, BKBT, Mytoken, Lianyixia, Carry, Carblock, and Cocos BCX. The fund was named CoinTiger Ecosystem Fund. At the moment, Ecosystem Fund is responsible for investments in early-stage blockchain businesses, investment banking, project consulting, and incubation, and it has expanded its sphere of influence to more than 10 countries throughout North America, Southeast Asia, and Europe.

CoinTiger Labs is dedicated to assisting blockchain projects during all stages of their lifecycles. The company provides in-depth incubation as well as a comprehensive range of services, including consulting, strategic planning, compliance support, token model design, financial advisory, liquidity management, and marketing and operation guidance. It will develop with blockchain entrepreneurs by assisting them in delivering value and investigating new possibilities for the economy based on blockchains. To this point, CoinTiger Labs has been responsible for the incubation of notable projects like as TCT, BCG, and MockingBot.

This particular marketplace for the trading of cryptocurrencies has separate fees for buyers and sellers of bitcoin. Makers are only required to pay 0.08 percent, whereas takers are required to pay 0.15 percent. As a direct result of this, manufacturers are entitled to a nearly fifty percent reduction in the trading costs.

The rates of 0.08 percent for manufacturers and 0.15 percent for takers are both considered to be competitive. The standard commission rate for trading is around 0.25 percent across the world.

How do the costs for making a withdrawal then look? Is CoinTiger one of those exchanges that charges extremely cheap costs to trade cryptocurrencies but makes up for it by charging higher fees to withdraw cryptocurrency? No, this is not one of those conversations at all. In fact, the reverse is true. When you withdraw Bitcoin from CoinTiger, you will only be charged 0.0005 Bitcoin in fees. This is a competitive rate when seen from a worldwide perspective, but it is also competitive when viewed from a Singaporean one. The vast majority of Singapore-based cryptocurrency exchanges impose higher withdrawal fees on their customers.

Because CoinTiger is considered to be a "entry-level exchange," it is the perfect place to make your initial cryptocurrency purchases because it accepts traditional currencies (USD or CNY for instance). According to what we have been told, it is feasible to make deposits using either a credit card or a wire transfer. Those who are just starting out in the bitcoin market may certainly benefit greatly from this.

CoinTiger has established cooperative relationships with a wide variety of partners in the fields of smart contract audits and network security. The following companies are examples of such partners: Chaitin Tech, SECBIT, KNOWNSEC.COM, Lianan.org, and John Wick Security Lab. All of these precautions are being taken to ensure the security of the cryptographic assets belonging to the platform's users.

Cointiger is a leveraged cryptocurrency trading platform that has seen significant growth in popularity in recent years in South East Asia. In this evaluation of the derivatives exchange Cointiger, we will conduct an analysis of the platform and compare its features, deposit methods, trading costs, security, and customer service to those offered by other respected platforms.

The cryptocurrency futures exchange known as Cointiger was established in November of 2017 and has its operational headquarters in Singapore at the moment. The spot and futures trading platform offered by the Singaporean cryptocurrency exchange has helped propel the company to the forefront of demand across South East Asia and Europe. According to the stated trading volume and liquidity, Cointiger is presently ranked as the fourth largest margin platform in the world.


On Cointiger, some of the most crucial features are quick trading with any of the 42 accepted fiat currencies, a user interface that is suitable to beginners while yet supporting complicated order types. There is also an app for mobile devices that is completely responsive and is supported on both iOS and Android devices.

The Cointiger Terms and Conditions state that because to the stringent rules in place, citizens of the United States are not permitted to engage in cryptocurrency trading on the site. As a result, residents of the United States are not permitted under any circumstances to sign up for an account and will not have the ability to engage in any kind of trading.

It would appear that Cointiger is a legal cryptocurrency exchange, as it has over one million customers and complies with stringent international rules on the prevention of money laundering, corruption, and the funding of terrorist organizations. Nonetheless, the Monetary Authority of Singapore does not exercise any regulatory or licensing authority over the Singaporean exchange (MAS). Investors have been advised to exercise extreme caution while utilizing the CoinTiger platform following a recent warning against the company issued by the government. Despite this, however, this is true for the overwhelming majority of cryptocurrency exchanges because they are not regulated in any nation.

Two-factor authentication, or 2FA, is used by Cointiger for all logins, API calls, and withdrawal requests in order to keep users' accounts safe. Although there have been multiple complaints regarding cash that have been placed to the platform, it does not appear that there have been any hacking instances. There are a number of comments on Reddit and Trustpilot that sound the alarm about deposits that have been lost or stolen. There is also a lack of information on the website that specifically details how the protection of consumer monies is handled. Given the critical tone of several recent customer evaluations, it is hard to have faith in Cointiger as an organization.

Cointiger caters to those with a high net worth and crypto traders who are serious about their trading by providing a Futures market that has deep liquidity. The exchange provides support for 61 different leveraged pair combinations, each of which may be traded through a cutting-edge user interface as well as a user-friendly mobile app. When measured against the industry's most well-known margin trading platforms, Cointiger comes out on top. This exchange offers a comprehensive service that is hard to beat.

With its cutting-edge and user-friendly trading interface, Cointiger is a serious cryptocurrency trading platform that specializes in leverage trading. Users have the ability to speculate on a broad variety of assets, watch the market, stake their cryptocurrency, or join the Cointiger forum to debate the most recent developments in the cryptocurrency industry. The following is a list of Cointiger's top-rated functions and features.

Users of the Cointiger platform now have the opportunity to purchase and sell cryptocurrency using regular fiat currencies, a feature that was just added by Cointiger. The cryptocurrency exchange has an over-the-counter (OTC) desk that supports 42 different fiat currencies. Users from countries all over the world, including Australia, Canada, Singapore, the United Kingdom, and Hong Kong, may make deposits using these fiat currencies.

The leverage trading platform was developed to meet the needs of a diverse group of investors, ranging from novices to seasoned market professionals. New traders are able to gain expertise trading with leverage while experiencing minimal distractions thanks to the basic trading interface. The charting is provided by TradingView, the order entry boxes are well designed, and positions may be watched in a way that is both straightforward and efficient.

On the spot exchange, Cointiger makes available a comprehensive catalog of coins that may be purchased or sold by customers. There are a total of 310 supported coins, all of which may be exchanged for USD, TCH, sUSDT, BTC, or other cryptocurrencies. The Cointiger Futures platform offers more than 60 trading pairs and up to 20 times leverage in addition to the spot exchange.

Cointiger, much like other controlled exchanges, allows its customers to stake their cryptocurrencies by storing tokens on the site and competing with other users for staking incentives. Cointiger offers a collection of coins that are exclusive to the platform and are capable of providing high stakes payouts under certain conditions. These initiatives are largely unknown and come with elevated risk; yet, the range of annualized returns can be as high as 400 percent. Cointiger does not yet support the most valuable staking cryptocurrencies according on market capitalization. These tokens include Solana, Binance Coin, and Ethereum 2.0.

Users who sign up for an account on Cointiger don't have to go through a Know-Your-Customer (KYC) verification process before they can make cryptocurrency deposits and start trading. Unverified accounts are allowed to trade on the spot market as well as the Futures exchange; however, there is a daily withdrawal restriction of 2 Bitcoin. Users will be required to receive KYC permission in order to raise the maximum amount of Bitcoin that may be withdrawn to 10.

Cointiger allows users to acquire cryptocurrencies using standard currencies such as fiat money. Deposits may be made via bank cards, AliPay, and WeChat Payment Pay in addition to the supported currencies, which include the US Dollar, the Euro, the British Pound, the Singapore Dollar, the Hong Kong Dollar, and the Australian Dollar. Transferring cryptocurrencies, which may then be exchanged for alternative cryptocurrencies, is by far the most common technique.

Many cryptocurrency investors and traders base their decision on the platform's trading interface when choosing a cryptocurrency platform. Chart analysis and the search for potential trading opportunities will consume the majority of your time here. Cointiger has what the industry considers to be one of the superior charting solutions for cryptocurrency trading.

Cointiger offers a charting interface suitable for both novices and seasoned traders. Both of these modes are user-friendly, up-to-date, and responsive on the mobile app. For a comprehensive trading experience that includes sophisticated tools and indicators, the charts have been combined with Tradingview. The structure and location of the order book are the primary distinctions between the modes; other than that, there aren't many more differences.

Cointiger provides limit, market, and stop-limit orders for traders looking to initiate a position. These orders are suited for breakout traders. A stop-market order is available on the futures exchange, and it is possible to switch between cross margin and isolate margin in order to manage the risk of liquidating individual positions or the available funds. Both of these features can be helpful. In addition, the stop-market order can be used.





The Profit and Loss Calculator is a useful tool that members of Cointiger have access to on the platform. Users have the ability to evaluate the possible profit and loss of a transaction based on the open price, the closing price, and the amount of leverage that will be employed prior to placing a trade. Beginners who are just starting out and learning how to size their transactions to better manage risk will find this tool to be quite helpful. In a similar manner, the calculator is able to calculate an expected price for the liquidation.

According to Coinmarketcap, the trading volume on the derivatives platform has a 24-hour volume of 12 billion dollars, which places it in the fourth spot among the greatest trading volumes in the world at the moment. The trading volume and liquidity that have been recorded are on par with that of leading leverage exchanges like as OKEx, FTX, Huobi, and Bybit.

This correlates to less slippage when trading with larger sizes, despite the fact that it might be difficult to validate these values using wash trading strategies. At comparison, the spot exchange has a 24-hour trading volume of only $265,048, which places it in position 146 and is considered to be quite low.

Cointiger does not charge any fees for either the creation of an account or the maintenance of a cryptocurrency wallet. However, there are certain costs associated with doing so, including as those for buying cryptocurrency with fiat currency, trading between assets, and withdrawing funds to a wallet on the outside.

There are no costs charged for making deposits when dealing with cryptocurrencies. To begin leveraged trading, users can begin by depositing cash into a Cointiger wallet for free or transferring funds from another wallet.

When calculating the trading costs, Cointiger makes use of a maker and taker structure. This helps the company to achieve maximum liquidity while simultaneously minimizing spreads. The commission rates for buyers and sellers on Cointiger begin at 0.15 percent and 0.08 percent, respectively. The fees on Cointiger are rather expensive when compared to those of other platforms like FTX and Bybit. In addition, there are no cost discounts or rebates for trading bigger volumes, therefore there is no incentive for experienced traders to utilize Cointiger. Cointiger does not offer any of these things.

When transferring bitcoin from the trading site to an external wallet, there are costs associated with the withdrawal process. The fees are different for each currency and depend on how congested the blockchain network is at the moment the request is made. The typical charge for withdrawing Bitcoin is 0.0005 BTC (five hundredths of a Bitcoin). However, there is a charge of 0.01 ETH, which is double the standard rate for the industry and amounts to around $45 at the time of this writing. Take, as an illustration, the fact that the Ethereum withdrawal fee on Binance is 0.005ETH.

When it comes to the lesser-known alternative cryptocurrencies, Cointiger's withdrawal costs are generally more expensive than those of other exchanges. Traders should avoid utilizing the platform altogether or at least verify the fees associated with making withdrawals.

Users of Cointiger have access to a mobile app that has been fully functional and is available for download on both Android and iOS smartphones. The feedback on the App currently has a rating of 4.7 out of 5 stars in the Android store, based on 11,321 comments. However, the overwhelming majority of the most recent comments are severely critical, which raises issues about the reviews' credibility.

Cointiger provides a round-the-clock customer service option in the form of a live-chat bot. The fact that the service appears to be handled by bots rather than by a real human makes it completely useless. In the "Help" section of the website, you will find how-to instructions and support articles that answer the most often asked issues.

Websites with a good reputation, such as Trustpilot, will provide an overall rating of the quality of the customer support. A total of 65 people have rated Cointiger, giving it an aggregate score of 1.7 out of 5. The most recent comments relate to deposits that have been lost, inadequate customer support, fraudulent exchanges, and monies that have been blocked. A significant warning sign is raised by the fact that around 86 percent of the feedback for Cointiger is rated as "BAD." To summarize, it is advisable not to use Cointiger and instead to stick to platforms that have a good reputation.

Sites like CoinTiger in the UAE

Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.