Searching for the best CoinEgg review online? You are in the right place. CoinEgg is a UK-based digital assets exchange, and the platform offers several altcoins where users can trade them against Bitcoin and Ethereum. As the market continues to regain normalcy with the bearish run almost coming to an end, many people have provided conflicting information about various exchanges among them CoinEgg. In this article, we review CoinEgg with an aim to set the record straight. Read on to the end of the review and see if it is the exchange you should be trading on.
Table of Contents
Latest CoinEgg Review
These are the features that make CoinEgg worth the time.
Trading Options
CoinEgg is beginner friendly offering a few charting tools, although they have very few trading pairs. It has gained a massive following for having over 40 of the popular and rare coins as well as ICOs. Some of the cryptocurrencies on CoinEgg have yet to be listed on to the more established currencies. A pro tip is that you should buy them and sell them for a profit when they get listed to the big exchanges.
The altcoins are available on three markets, Bitcoin, Ethereum, and CoinEgg’s own USC token. Ethereum can only be exchanged for only five cryptocurrencies, and this makes Bitcoin, and the USC token has the most tradeable assets. Most users however, feel that CoinEgg lacks depth and features. An example is that the order book offers simple market orders instead of going all out and adding stop losses and limit orders.
Deposits, Trading, and Withdrawals Fees
CoinEgg does not have deposit fees, but you should be privy to the bank or credit card fees for making the transaction. The withdrawals fees, on the other hand, can go as high as 1%, and they vary from one cryptocurrency to the other. When it comes to trading, CoinEgg charges similar maker and taker fees of 0.1%. you can get more information on the fees here.
Customer Support
You can reach the customer support staff via email or the live chat option on the website. The platforms are available 24/7, but there have been complaints that it will take a while before your issue is sorted out. They also have limited FAQs on their Support section of the website, and this makes their support in need of a revamp.
Is It Safe?
CoinEgg is yet to be hacked, and it has maintained its integrity thus far but users need to proceed with caution and take security matters into their own hands since it is an unregulated exchange. The website does not offer much information to support their claims that they use top-level security. However, you can use 2-factor authentication to secure your account and be sure to set a password for withdrawals. It will be a matter of time to see how CoinEgg performs on the security front.
Conclusion
CoinEgg has a lot of things they need to improve on, but they are quickly becoming the preferred exchange among beginner traders. This is due to their broad range of rare cryptocurrencies and ICOs. If you think that this is the site for you, create an account and provide the necessary documents for account verification to improve your deposit, trading, and withdrawal limits. To improve your trading proficiency, you can keep up with the crypto trading news on the website.
