What Is Coingi?
Coingi is a cryptocurrency based trading platform for people who are interested in exchanging and trading Bitcoin as well as other currencies. The primary currency used on the platform is the rising in Value bitcoin.
How Does Coingi Work?
The company is focused around trading cryptocurrencies, Bitcoin is the main currency in trading right now and skyrocketing. It’s one of the faster growing currencies in the world and was created in 2009 by Satoshi Nakamoto. It uses a peer to peer based technology that is decentralized and stops any type of government or authority from having an impact on the transactions. It means that you can use the currency to pay for goods and services or get paid for them without having to report them to the authorities. The cryptocurrency which you can trade on Coingi, is growing faster then anyone predicted and Coingi is one of the exchange companies where you can trade it at a cheap price and with fast transfers.
Other currencies can also be traded on the website as well. There is Litecoin and Ethereum for example, which although are not valued as high as Bitcoin are still considered to be valuable for their own reasons. Coingi doesn’t actually sell Bitcoin, they are only a place where other people can sell the currencies they own. It’s considered a safe and controlled place where people can come to buy and trade Bitcoins. They have a guarantee that buyers will get their Bitcoins and sellers will get the money at the agreed upon price.
They essentially take cash deposits on one side and Bitcoin on another. The same goes for other currencies as well. They then let their customers exchange their cash for cryptocurrencies or vice versa. The charts on the website show a few different things. For one, the main chart displays the price development of a particular business pair. The second chart displays the number pairs traded. They also use candlesticks to display what amount prices closed at and opened at. They guarantee the lowest and highest prices available.
Some people may wonder if the website is legal. In short answer, yes. This is a viable trading platform where people can come and trade real money for virtual currency. You are personally responsible for declaring profit that you make while accumulating BTC through Coingi.com.
Bank wire transfers typically take a few days to reach their account. Other deposits, needing to exchange currency types to USD may take an additional day. The maximum amount of time typically is 3-6 days of time until the money hits the Coingi.com vaults.
There are fees associated when working with dollars and Euros. The particular fee is for each type of service. Coingi.com claims to be one of the most affordable exchange platforms on the market.
If you’re getting in on the rising gold rush that is cryptocurrency and Bitcoin, Coingi claims to be a legit website where you can exchange your cash for virtual currency. Of course, there are a lot of scams out there so it’s important to do your research.